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Obama's Immigration Order: Lots of Sound and Fury, But Not Much Precedent

In the New Republic this weekend, Eric Posner warns that President Obama's recent executive action on immigration may come back to haunt liberals. Obama's order was perfectly legal, he says, but "it may modify political norms that control...



Russia's richest man on investing in Alibaba, Xiaomi

Billionaire Alisher Usmanov's investment in Alibaba has soared more than 500 percent since he first invested in the group, he told...



Tesla Motors Inc, BMW In Discussions About Batteries: Musk

Tesla CEO Elon Musk revealed that they are in talks with BMW about a collaboration on battery technology and charging stationsTesla Motors Inc (NASDAQ:TSLA) is in discussions with German car maker BMW about batteries and lightweight components,...



Report: Samsung's head of TVs may be asked to revitalize mobile business



China’s Over-Reliance on Guaranteed Loans, in 3 Charts

Associated Press The belief that the Chinese government implicitly guarantees much, if not all, of the debt in China’s formal financial system, is widely taken a fact. After all, defaults are often repeatedly bailed out at the last minute by...



'Lower Oil Prices and the U.S. Economy'

Jim Hamilton: Lower oil prices and the U.S. economy: ... The current price of gasoline is 80 cents/gallon below what it has averaged over the last 3 years. Last year Americans consumed 135 billion gallons of gasoline. That means that if prices stay...



'Is Economics Really a Dismal Science for Women?'

Since I posted an excerpt from Noah Smith's column, I should also post this response from Frances Woolley: Is economics really a dismal science for women?: Donna Ginther and Shulamit Kahn have just published a paper that tracks thousands of...



The Wisdom of Peter Schiff



Links for 11-22-14

Patents and the global diffusion of new drugs - Vox EU Keynes's Theories Can Fix the World Economy - Businessweek Inequality and Crises: Scandinavian Skepticism - Paul Krugman Economic inequality and for-profit universities - Bridget Ansel The...



Can You Handle the Stress of Losing 40 Percent in the Market?

If the answer to that question is no, we have a solution for your investment woes. Not many investors can handle the stress that comes with losing nearly half of their retirement funds and being forced to wait seven years to break even—only to...



Coyote (and a little of Wintercow) on Immigration

About the only useful contribution I can make to the immigration question, at this point is to lament one thing about the current proceedings. While this is all great political controversy and surely educational for those folks who worry about precedent...



SEC Commissioner Says We're Wasting Money Trying To Protect Millionaires

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisers. SEC Chief: We're Wasting Money Trying To Protect Millionaires (Think Advisor)  Right now the SEC is examining...



Private Equity Firms Start ‘Fessing Up to Cheating

The Wall Street Journal describes how some private equity firms are attempting to clean up their act by admitting to dubious practices in revised regulatory filings with the SEC. There's a wee problem with this approach. Securities law is not...



Wynn Resorts Investigated On Money Laundering Controls

Wynn Resorts is the third casino to be investigated this year by federal authorities relating to possible money laundering by high rollersAccording to a November 20th article in the Wall Street Journal, Federal law enforcement authorities are...



Welcome to America!

After years of pressure from immigration activists, President Barack Obama’s executive action has finally arrived. In a prime time address Thursday night, he will announce that he will use his legal authority to allow more than four million...



The Senate Hearing On Goldman's Alleged 'Merry-Go-Round' Deals Was Very Uncomfortable

The Goldman Sachs Senate hearing on commodities got nasty yesterday, The New York Times reported.“What’s the point? Maybe you can help me out here,” the Times quoted a frustrated Senator McCain (R-Arizona) as saying to a panel...



The GOP Reaction to Obama's Immigration Order Will Be Way More Damaging Than You Realize



GameStop Corp. Shares Hammered On Poor Q3 Earnings

GameStop third quarter revenues are off due to the delayed release of "Assassin's Creed Unity"GameStop Corp. (NYSE:GME) shares are slumping on Friday, November 21st after reporting unexpectedly poor third quarter earnings. Shares of the...



Federal Reserve Board announces two separate reviews are underway regarding examinations of large banking organizations

Federal Reserve Board announces two separate reviews are underway regarding examinations of large banking...



Hugh Hendry: ‘Desperate times breed desperate measures… QE is a grubby solution’

In the second of three interviews, Hugh Hendry tells Merryn Somerset Webb why central banks will go even further than anyone expects to keep the global economy afloat. The post Hugh Hendry: ‘Desperate times breed desperate measures…...



One Company Is Beating Groupon at Its Own Game

Filed under: Company News, Market News, Industry News, IPOs, Investing www.vip.com The daily-deals craze didn't last long in this country. Groupon (GRPN) went public at $20 in 2011 with a headful of steam and hype, but the buzz died quickly. The...



HORROR: Woman Raped, Set On Fire In Kansas Public Park...

HORROR: Woman Raped, Set On Fire In Kansas Public Park...(First column, 21st story, link) ...



Average Wall Street Pay to Rise 4% This Year

Wall Street pay will rise slightly this year, though the increase will be offset at some banks by huge legal settlements agreed to this year, an industry recruiter said in a new study to be released later this...



George Soros invests $500 million with Bill Gross

Humbled bond manager Bill Gross just got a vote of confidence from one of the most successful investors of all...



Phlly Fed’s highest reading since December 1993

The Philadelphia Federal Reserve reported its Business Outlook this morning, The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, increased from 20.7 in October to 40.8 this month and has now been...



Breaking News, Page 2

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Obama's Immigration Order: Lots of Sound and Fury, But Not Much Precedent

In the New Republic this weekend, Eric Posner warns that President Obama's recent executive action on immigration may come back to haunt liberals. Obama's order was perfectly legal, he says, but "it may modify political norms that control...



DealBook: LabCorp to Buy Covance for $6.1 Billion

The purchase of Covance will give Laboratory Corporation of America Holdings a bigger presence in the business of drug development research and animal...



Inflation Below 2% Fed Target for 30th Consecutive Month

U.S. inflation remained below the Federal Reserve’s annual 2% target for the 30th consecutive month in October. The price index for personal consumption expenditures, the Fed’s preferred inflation measure, rose 0.1% from September and is...



FINANCIAL ADVISOR INSIGHTS: Flesh-And-Blood Financial Pros Can't Just Ignore The Robo-Advisor

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisers.  To Beat The Robots, You Must Join The Robots (Financial Advisor Magazine) Charles Schwab and Fidelity...



Three-quarters of Americans don’t know this basic fact about the Internet

We spend most of our lives either online, or at least within arm's reach of something that can get us online. But how much do we really understand the Web and how it works? A study from the Pew Center for Internet and American Life released...



HORROR: Woman Raped, Set On Fire In Kansas Public Park...

HORROR: Woman Raped, Set On Fire In Kansas Public Park...(First column, 21st story, link) ...



China Property Investment Slows Further, But Slump In Sales Shows Signs Of Easing

BEIJING (Reuters) - Growth in China real estate investment slowed further in the first 10 months of 2014, but property sales showed some signs of improvement, indicating Beijing's efforts to boost the sector may be starting to have an...



4 Big Reasons the Iranian Nuclear Deal Didn't Happen

Washington would like to believe it has a lot more leverage over Tehran than it really...



Apple to Issue Bonds in Euros

Apple is to issue bonds in euros, its first nondollar bonds, according to one of the banks on the...



Market's 'megaphone pattern'

A chart of the Dow Jones industrial average is telling us that further gains lie ahead, according to technical...



Alibaba Group Holding Ltd (BABA)’s Singles Day Sales Bigger than Cyber Monday

Alibaba Group Holding Ltd (NYSE:BABA) continues to justify its credential as the biggest online company in terms of transactions seen by record sales just a few hours into its annual shopping festival. CNBC’s Eunice Yoon reports that...



The GOP Reaction to Obama's Immigration Order Will Be Way More Damaging Than You Realize

There are several reasons why Obama’s executive action on immigration has put Republicans in a terrible bind. There’s the fact that conservatives are likely to respond by...



New rules to require restaurants, stores, vending machines to post calorie content 'clearly and conspicuously'...

New rules to require restaurants, stores, vending machines to post calorie content 'clearly and conspicuously'...(Second column, 8th story, link)Related stories:FDA: What's covered... ...



Senator Warren’s Misplaced Ire at Obama’s Treasury Nominee

Senator Elizabeth Warren’s wrath towards Antonio F. Weiss is misdirected, and her understanding of the inversion deal on which she bases her opposition appears...



Should the U.S. Merge With Mexico? A New Freakonomics Radio Podcast

The separation of densely-populated Tijuana, Mexico, and the United States Border Patrol’s San Diego Sector. (Photo: Public Domain, via Wikimedia Commons) There seem to be two global winds blowing in opposite directions: companies are...



Tesla Motors Inc Could ‘Change Society': Gundlach

Shares of Tesla Motors Inc rose more than 1% during regular trading todayTesla Motors Inc (NASDAQ:TSLA) usually makes headlines for its electric cars or its planned gigafactory, but DoubleLine Capital CEO Jeffrey Gundlach sees a more important reason to...



Wolf Richter: Global Business Outlook “Darkest Picture since Financial Crisis”

Yves here. Wolf like to paint in bright colors, but the points he makes are consistent with business and financial press reporting, if you cut through the hype. Europe is still teetering on the verge of recession. Growth in Japan has gone negative. China...



A Look At Spruce Point Capital’s Short Thesis On Ametek, Inc. (AME)

Spruce Point Capital argues that steady acquisitions and aggressive inventory accounting have made Ametek’s EBITDA margin unrealistically high, causing it to be overvaluedEarlier today (and as speculated by ValueWalk yesterday), Spruce Point...



Ackman Reaps $2.2 Billion Payday From Allergan Buyout [REPORT]

Hedge funds with short term time horizon had largest percentage exposure to the stockDespite Valeant Pharmaceuticals Intl Inc (NYSE:VRX) (TSE:VRX) apparently bowing out of the Allergan, Inc. (NYSE:AGN) sweepstakes, saying $219 per share is too rich...



Alibaba Group Holding Ltd Single’s Day Sales To Set Record

Analysts expect Alibaba Group to break all previous record sales at the Single’s Day, also known as 11/11Alibaba Group Holding Ltd (NYSE:BABA)’s Single’s Day sales could break all previous records and write a new history this year due...