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Understanding the Two Parties on Immigration

Frequent readers know that I am a strong supporter of immigration**.  Unfortunately our two major political parties have more mixed feelings, at best, about immigration.   Here is your one-sentence guide to the two parties' positions on...



Econ 101 for NYT Reporters: Unauthorized Copies Are Not Necessarily Counterfeit

The NYT had a major article focused on a Chinese man who makes his living by exposing retailers for selling unauthorized versions of clothes, shoes, and other retail products. His income comes from the government, which rewards people who find authorized...



An Assault, And Everything That Came After

Michèle is surrounded by shitty food and feckless men. She’s haughty to an extreme, nothing is up to her standard, and she unleashes a taunting superiority toward everyone and everything around her, including her rapist. In the...



Loans Made by Auto Dealers Are Not Covered by the Consumer Financial Protection Bureau

This is an important point that would have been worth including in this NYT article on the growing risks in the subprime car loan market. The lack of oversight from the Consumer Financial Protection Bureau is likely a major reason that bad lending...



EXCLUSIVE: Steve Mnuchin says 'no absolute tax cut for the upper class'

Trump's pick for Treasury secretary, Steve Mnuchin, says the tax plan would not include an explicit cut for the upper...



Victoria's Secret models wow at the 2016 Fashion Show

Victoria's Secret models wow at the 2016 Fashion ShowWe may not be able to watch the 2016 Victoria's Secret Fashion Show until December 5 (10/9c on CBS!), but that doesn't mean we can't take a sneak peek.The annual show was filmed...



Transition Briefing: Donald Trump Vows on Twitter to Step Away From Business

The president-elect, who continues to fill his cabinet, will travel to Indiana this week to announce the saving of 1,000 factory...



The OPEC deal might not be a game-changer for the Saudis

OPEC finally agreed to cut output during its meeting in Vienna on Wednesday. This marks the cartel's first cut since 2008 and reverses its two-year strategy of pumping as much oil as desired. The cut is intended to end the global...



There's a pattern emerging with Trump's deals to save US manufacturing jobs (F, UTX)

Donald Trump said that he would, if elected President, convince air-conditioner manufacturer Carrier from shuttering a plant in Indiana and moving over 2,000 jobs to Mexico. Trump was elected, and he has evidently made good on that pledge. Or at...



‘The Voice’: 5 Contestants With a No. 1 Song on iTunes

The Voice has had many successful contestants dominate the iTunes charts. Sometimes that has been able to boost their chances of taking it all. Other times it has been able to predict who would be able to have a successful career after the show. So...



Here's everything we know about former Goldman Sachs banker Steve Mnuchin - Trump's pick for Treasury Secretary

President-elect Donald Trump has picked former Goldman Sachs banker Steve Mnuchin as the next treasury secretary. Here’s everything we know about his long career. Follow BI Video: On TwitterJoin the conversation about this...



Scores arrested in first 'Fight for $15' protest since Trump win

LOS ANGELES/CHICAGO (Reuters) - Scores of demonstrators were arrested on Tuesday as U.S. workers from fast-food chains staged nationwide protests for higher pay, union rights and immigration reform in their first major action since Donald Trump was...



Powell, Recent Economic Developments and Longer-Run Challenges



A key measure of US house prices is at the highest level since the eve of the last crash

The S&P Case-Shiller index of US home prices rose in September to the highest level since July 2006, when the most recent housing boom topped out. A report out Tuesday showed that the national index rose by 5.5% year-on-year in...



SESSIONS 'VAST POWERS' FOR IMMIGRATION CRACKDOWN...

SESSIONS 'VAST POWERS' FOR IMMIGRATION CRACKDOWN... (Third column, 14th story, link) Related stories:OBAMA DUMPS 6,000 MORE CHILD ILLEGALS INTO LOCAL COMMUNITIES...Buffalo schools struggle with students speaking 85...



Intel to Team With Delphi and Mobileye for Self-Driving Cars

For Intel, especially, the collaboration is an effort to catch up in autonomous vehicles, a field where some chip makers have made deeper...



Are the Oakland Raiders Super Bowl Contenders or Pretenders?

An Oakland Raiders fan shows his support | Doug Pensinger/Getty Images It’s been a really, really long time since the Oakland Raiders have been anything more than an afterthought in the NFL. Their last winning season came in 2002 —...



Andrew Ross Sorkin's Joke Letter to Trump: He Has to Sell the Stuff

Donald Trump is about to become president and immediately begin violating the constitution. The constitution explicitly prohibits the president from taking payments and gifts from foreign governments. (Can we stop using the term "emolument"? No...



VILLAIN SOROS

VILLAIN SOROS (Main headline, 2nd story, link) Related stories:RECOUNT ROAD TO NOWHERE!PENNSYLVANIA DEADLINE MISSED ...



Ohio State University attack suspect identified as Abdul Artan

Ohio State University attack suspect identified as Abdul ArtanThe suspect in the Ohio State University car and knife attack that injured at least 9 people has been identified as Abdul Artan, first reported by NBC News.Artan drove a vehicle into a crowd...



The 5 Best Dressed Models (and How to Dress Like Them)

Over the years, a model’s influence has spread beyond the confines of the catwalk. We compulsively follow them on social media, know the ins and outs of their personal lives, and want to dress just like them. While some models save the fashion...



Monday links: investor scar tissue

MarketsCommodities had a good week, last week. (capitalspectator.com)Where's the earnings recession? (fat-pitch.blogspot.com)StrategyMomentum investing is not growth investing. (charlessizemore.com)Female fund managers are scarce worldwide....



7 Female Action Movie Stars Who Could Kick Your Butt

Pam Grier in Jackie Brown | Miramax Action movies are expected to feature explosions, gunplay, martial arts, and tough heroes who aren’t afraid to punch, kick, or shoot their way out of a situation. Although the protagonists featured in this film...



The Politics of Job Polarization

Given the role of technology in displacing workers, protectionism – tearing up trade agreements and imposing tariffs on Chinese and Mexican goods – won’t bring back high-paying manufacturing jobs, As Donald Trump has promised. On the...



Conway Unloads on Romney

Appointing Mitt Romney as secretary of state would be viewed by many supporters of President-elect Donald Trump as a major betrayal, former Trump campaign manager Kellyanne Conway told CNN. Said Conway: “It’s just breathtaking in scope...



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Global Financial Markets Plunged Into Chaos As Italy Overwhelmingly Votes ‘No’

Italian voters have embraced the global trend of rejecting the established world order, but the “no” vote on Sunday has plunged global financial markets into a state of utter chaos.  The euro has already fallen to a 20 month low,...



Low Marks for Major Players in 2016 Election – Including the Winner

For most voters, the 2016 presidential campaign was one to...



ARCTIC BLAST TO GRIP USA...

ARCTIC BLAST TO GRIP USA... (Second column, 3rd story, link) Related stories:20 degrees colder than typical... ...



Is Trump's Deal With Carrier A Form Of Crony Capitalism?

Steve Inskeep talks with former Commerce Secretary Donald Evans and libertarian economist Tyler Cowen about the problems that arise when a president pressures individual companies to do his...



An Assault, And Everything That Came After

Michèle is surrounded by shitty food and feckless men. She’s haughty to an extreme, nothing is up to her standard, and she unleashes a taunting superiority toward everyone and everything around her, including her rapist. In the...



10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AMZN)

Here is what you need to know.  Stocks are at record highs. Monday marked the first day of the recent rally where the Dow, Nasdaq, and S&P 500 all closed in record territory. The gains are likely to continue early Tuesday with...



American Music Awards of 2016: Best hair and makeup

American Music Awards of 2016: Best hair and makeupThe AMA Awards were held Sunday night in Los Angeles, and as expected, the hottest stars slayed the stage. Not surprisingly, Drake stole everyone's hearts, Justin broke everyone's hearts and...



Mainstream Economics Wrecks World Economy and Now NYT Worries About Damage from Populism

The NYT ran a piece with the headline, "Trump rides a wave of populist fury that may damage global prosperity." The headline is absolutely bizarre for the simple reason that we are not seeing anything that a serious person can call "global...



‘Beauty and the Beast’: Everything We Know About the Live-Action Movie

Though Disney‘s new version of Beauty and the Beast is still several months away from release, fans are gradually starting to learn more about what to expect from the film. As with the studio’s previous live-action...



Trump Can’t Take Credit For Ford Kentucky Plant, But He Can Brag About These Market Events

From soaring prison stocks to rattled bond markets, here's what Trump can...



Morning News: November 14, 2016

Why Japan’s Economy Posted Surprisingly Strong Growth Cash Bet Could Make or Break Modi Trump Trade Stance With Mexico Could Press Gas Prices Trump’s Tax Plan U.S. Dollar Rally Finds New Life Under Trump U.S. Two-Year Yield Tops 1% as Pimco...



GM, Ford zoom past November sales expectations

GM and Ford were buoyed by renewed economic confidence following the...



VILLAIN SOROS

VILLAIN SOROS (Main headline, 2nd story, link) Related stories:RECOUNT ROAD TO NOWHERE!PENNSYLVANIA DEADLINE MISSED ...



I would have voted for him...

I would have voted for him... (Second column, 2nd story, link) Related stories:Kanye 40-minute pro-Trump rant... ...



‘Fantastic Beasts and Where to Find Them’: Why 5 Movies is Too Many



BALZ: America's first independent president...

BALZ: America's first independent president... (Second column, 3rd story, link) Related stories:Trump huddling with Ari Emanuel...KISSINGER: He has no obligation to any particular group...UN SHOWDOWN...Outsiders take...



6 NFL Players With Genius IQs

When scanning the NFL, you’ll find quite a few players who are pretty smart. Whether they attended a great school for both football and academics or excelled off the field in college, some of them — the NFL players with genius...



Powell, Recent Economic Developments and Longer-Run Challenges

Speech at the The Economic Club of Indiana, Indianapolis,...



House Speaker Ryan: 'Welcome to the dawn of a new unified Republican government'

Paul Ryan says the Republican dominated government will have to go "bold" and "big" to get the country where it wants to...



Markets mixed but some enjoying bull runs (1697062)

Markets were mixed on Wednesday. The S&P 500 eked out a 0.1 percent gain to finish at another record high but the STOXX Europe 600 slipped less than 0.1 percent. In Asia, while Japan's stock market was closed for a holiday, the Shanghai...