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MIT Robotic Cheetah Runs Like A Real Animal [Video]

Future versions of MIT's robot would make it impossible for most humans to outrun the machine Cheetah is the fastest land animal on the planet. The big cat can accelerate from zero to 60mph in just a few seconds. Now MIT researchers have developed a...



My Deep Market Thoughts

This is a big deal. CALPERS is removing themselves from the cesspool that is the hedge fund world, which represents about $4 billion. What’s worse is that this could become a trend for pensions around the country, which in turn may lead to...



10 Tuesday AM Reads

Happy Fed Day! Or should we say: Happy start to the-two day FOMC meeting that will drive trading volumes even lower as we await the inevitable continuation of the taper. Oh, and here are our morning reads: • Record S&P 500 Masks 47% of...



"What Is the Most Efficient Source of Electricity?"

The WSJ's Numbers "guy": The true cost of electricity is difficult to pin down. That’s because a number of inputs comprise it: the cost of fuel itself, the cost of production, as well as the cost of dealing with...



Buybacks and Tradebots

Is anyone trading? Not really. Except HFT players and corporate CFOs executing the buybacks that generate their compensation packages. You got a 7%+ gain in the S&P this year on basically nothing and for no reason other than float-shrink...



Cosmic Cato Koch Convergence

Bad economics and big...



Americans Are Refreshingly Realistic About the ISIS Threat

Paul Waldman draws my attention to a new Pew poll with an interesting result. Hawkish Republicans have been running around for the past month insisting that ISIS terrorists are a direct threat to the United States, and therefore we have to fight them in...



Here's How Stocks Performed During Past Dollar Bull And Bear Markets

Lately, the US dollar has been on a tear, thanks to an improving economy and a Federal Reserve expected to soon normalize loose monetary policy. A stronger dollar makes exported US goods more expensive to overseas buyers in the global market....



Gannett Co., Inc. (GCI): Carl Icahn Exercises Call Options For 12.23 Million Shares

In a new filing with the U.S. Securities and Exchange Commission, Icahn Capital LP of Carl Icahn disclosed that it has exercised call options for an aggregate of 12.23 million shares of Gannett Co., Inc. (NYSE:GCI) at an exercise price of $20.15 per...



Microsoft buys 'Minecraft' creator Mojang



Anheuser-Busch InBev Seeking Financing to Acquire SABMiller

SABMiller failed to strike a merger deal with Heineken, which made its more vulnerable to a takeover by Anheuser-Busch InBev, according to market observersAnheuser-Busch InBev SA (ADR) (NYSE:BUD), the second largest brewer worldwide is negotiating with...



Report: Apple Gets 15 Cents on Every $100 Transaction in Apple Pay

Apple Pay, Apple's new mobile payment service it unveiled in Cupertino last week, may net Apple 15 cents on every $100 transaction, according to a report The Financial Times cites "two people familiar with the terms of the agreement" about...



Guy Who Once Tried To Be The World's Richest Person Now Might End Up As The First Convicted Insider Trader in Brazil

Former billionaire tycoon Eike Batista was always confident that he would break a lot of records for Brazil. Back in 2012, he was certain he'd be the first person from Brazil to be the richest man on the planet. Now there's a possibility that...



French Cable Operator Tries to Fend Off Netflix With New Service

French cable operator Numericable Group SA on Monday will launch an offer to give subscribers free access to hundreds of TV series in a bid to counter the arrival of Netflix in...



Pope breaks taboo by marrying couples who lived 'in sin'...

Pope breaks taboo by marrying couples who lived 'in sin'...(Second column, 13th story, link) ...



China is still reforming

Every once and a while you read articles suggesting that the reform process in China has stopped. Tyler Cowen discussed a book on China by Joe Zhang that makes 5 very dubious claims about reform. This one seems more than...



We've Just Witnessed The First True Masterpiece Of The Modern Hedge Fund Era (DRI)

We're living in a golden age for a certain kind of very-public investing strategy, where big-name hedge funders get up on stage, or produce PowerPoint presentations laying out their investment thesis on a given company. Bill Ackman is probably best...



"Obama losing the confidence of key parts of the coalition that elected him"

Glenn Reynolds quips about this: "Hi folks. You're kinda late to the party. Try not to be so easily fooled next time." Beautiful. ...



Goldman Sachs Revises Q2 GDP estimate to 4.7%

From Brett LoGiurato at Business Insider: Goldman Is Now Saying That Q2 GDP Growth Was Absolutely MassiveGoldman Sachs revised its estimate of second-quarter GDP growth to 4.7% on Thursday, based on new data from the Census Bureau's Quarterly...



Links for 9-13-14

Maastricht in a Kilt - Paul Krugman Taxes and Growth - Growth Economics Contradictions, Amazon and Attention - Digitopoly Unit Root tests and Seasonally Adjusted Data - Dave Giles International reserves before and after the Global Crisis -...



GM Issues 'Stop Delivery' Order on 2015 Corvettes

General Motors Co. has issued a "stop delivery" order that will interrupt supply of one of its hottest selling vehicles: the 2015 Chevrolet...



Government In Panic Over Howard Application In Fannie Case

Government in Full Panic Mode Over Howard Application in Fannie Case by Todd Sullivan, ValuePlays This is pretty amazing stuff. Fairholme announced the hiring of J Tim Howard, former CFO of Fannie Mae / Federal National Mortgage Assctn Fnni Me...



DealBook: Alibaba to Close Order Books Early and May Lift Price of I.P.O.

Demand has been strong for shares of the Chinese e-commerce giant across the price range as excitement grows among potential investors during the company’s...



Starboard Tells Olive Garden to Salt the Pasta Water

Starboard Value said it would take a number of steps to boost the value of Darden Restaurants, owner of Olive Garden, if the activist hedge fund wins control of the entire...



Banks Did It Apple’s Way in Payments by Mobile

The eagerness of banks and card companies to work with Apple on its mobile payment system suggests Apple’s clout and the concern financial players have for their...



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10 Tuesday AM Reads

Happy Fed Day! Or should we say: Happy start to the-two day FOMC meeting that will drive trading volumes even lower as we await the inevitable continuation of the taper. Oh, and here are our morning reads: • Record S&P 500 Masks 47% of...



"What Is the Most Efficient Source of Electricity?"

The WSJ's Numbers "guy": The true cost of electricity is difficult to pin down. That’s because a number of inputs comprise it: the cost of fuel itself, the cost of production, as well as the cost of dealing with...



10 Sunday Reads

Good Sunday morn. Start your day out with some “After” reads: • The Case for Sticking With Stocks—No Matter the Price (WSJ) but see also Shiller says ‘We saw this before the Wall St crash, the dot-com bubble and...



Warren Buffett defends Burger King tax flip

The move is a ‘tax inversion’ because it shifts Burger King’s base out of the US to Canada, where taxes are...



The GOP's Midterm Strategy Is as Hollow as Their Ideas Are

The most interesting thing about Senator Mark Pryor’s decision to tout his support for the Affordable Care Act in a well-financed, statewide television ad isn’t that he...



French Cable Operator Tries to Fend Off Netflix With New Service

French cable operator Numericable Group SA on Monday will launch an offer to give subscribers free access to hundreds of TV series in a bid to counter the arrival of Netflix in...



Hot Links: Penalty Box

Stuff I’m Reading this Morning… US corporations are on pace to set a bond issuance record this year.  (WSJ) Europe’s in worse shape now than during the 1930′s by some measures.  (WaPo) Have V-bottoms...



Buybacks and Tradebots

Is anyone trading? Not really. Except HFT players and corporate CFOs executing the buybacks that generate their compensation packages. You got a 7%+ gain in the S&P this year on basically nothing and for no reason other than float-shrink...



Emmy Nominations Take Netflix, Inc. To An All-Time High

Ahead of the Emmy awards nominations, Netflix investors took the stock to an all time high on Monday.Netflix, Inc. (NASDAQ:NFLX) stock rallied to all time high on Monday before the results of Emmy Awards, where the online streaming company has 31...



The Core Workforce Part-Time Employment Ratio Continues to Improve

September 8th, 2014 Doug Short Let's take a close look at last week's employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government's Employment Situation Summary are the numbers for...



Buiter on helicoptor drops

Some further, further reading on Friday — a new paper from Citi’s Willem Buiter, on why helicopter drops of money always work. From the abstract (our emphasis): Three conditions must be satisfied for helicopter money always to boost...



China is still reforming

Every once and a while you read articles suggesting that the reform process in China has stopped. Tyler Cowen discussed a book on China by Joe Zhang that makes 5 very dubious claims about reform. This one seems more than...



What were they thinking? The Federal Reserve in the Run-Up to the 2008 Financial Crisis

At Vox EU: What were they thinking? The Federal Reserve in the run-up to the 2008 financial crisis, by Stephen Golub, Ayse Kaya, Michael Reay: Since the Global Crisis, critics have questioned why regulatory agencies failed to prevent it. This column...



Cosmic Cato Koch Convergence

Bad economics and big...



Is Microsoft Leading the European Backlash Against U.S. Technological Dominance?

The NYT tolds readers that Google is the victim of a European backlash against U.S. technological dominance. In addition to anti-trust and privacy issues being raised with regard to Google, the piece also notes that Apple and Amazon are being...



Managing Expectations III: Mining Stocks And Respecting The Bear

Managing Expectations Part III: Picking Mining Stocks in a Bear Market by Frank Holmes In the first part of this three-part series, I discussed the importance of cycles such as four-year presidential elections and the life of a gold mine, and how they...



My Deep Market Thoughts

This is a big deal. CALPERS is removing themselves from the cesspool that is the hedge fund world, which represents about $4 billion. What’s worse is that this could become a trend for pensions around the country, which in turn may lead to...



U.K. authorities had refused to give child medical treatment he needs, parents take child out of country, UK seek extradition to force family back to...

Socialized medical system in the UK can't give a young boy suffering a brain tumor the specialized medical treatment he needs.  So the family, trying to save the boy's life, takes the boy out of the country.  In response, the...



Burger King Tax Inversion Talks Earn Ackman $161M

William Ackman’s taste for Burger King Worldwide continues to pay off, as the fast-food chain’s shares soared in the wake of its planned acquisition of Canada’s Tim Hortons. read more ...



MIT Robotic Cheetah Runs Like A Real Animal [Video]

Future versions of MIT's robot would make it impossible for most humans to outrun the machine Cheetah is the fastest land animal on the planet. The big cat can accelerate from zero to 60mph in just a few seconds. Now MIT researchers have developed a...