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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...



What Unions No Longer Do

Forty years ago, about quarter of American workers belonged to unions, and those unions were a major economic and political force. Now union membership is down to 11.2% of the U.S. workforce, and it’s increasingly concentrated in the public sector...



Links for 11-01-14

Bond market conundrum redux - Econbrowser Stopping Europe's Descent Into Deflation - Bloomberg View More Workers Are Claiming ‘Wage Theft’ - NYTimes.com Commodity Prices: Financialization or Supply/Demand? - Michael Roberts Why...



Scylla, Charybdis, and the Euro

The shoals of debt versus the vortex of...



Further evidence that the housing crisis was about screwy beliefs, not moral hazard

Ing-Haw Cheng, Sahil Raina and Wei Xiong have a new paper in the AER, here is the abstract: We analyze whether mid-level managers in securitized finance were aware of a large-scale housing bubble and a looming crisis in 2004-2006 using their...



WHITEHOUSEGOOGLE: Top Exec Expected to be Tapped as Chief Technology Officer...

WHITEHOUSEGOOGLE: Top Exec Expected to be Tapped as Chief Technology Officer...(Third column, 12th story, link) ...



Pros give Yahoo adivce on Alibaba cash

Here’s what Yahoo needs to do to start making money on its own...



Malaysian Airlines To Slash Workforce In Turn Around Bid

Even before two separate disasters struck down two separate Malaysian Airlines aircraft, the national air carrier has struggled to produce profits. While Malaysian Airlines has long been recognized for being a high-quality, on-time, and once had a...



BREAKING: Economy Continues to Stagnate

If, despite my warnings, you allowed yesterday's upward GDP revision to kindle a tiny spark of excitement about the economy, today's news should bring you right back down to earth: Household spending fell in July, a sign that cautious...



Bretton Woods II, the India phase?

This retrospective on predictions made in the 2003 Essay on the Revived Bretton Woods System by Deutsche’s Dooley, Folkerts-Landau, and Garber is brought to you by Deutsche’s Dooley, Folkerts-Landau, and Garber. Their premise was and...



Joan Rivers Reportedly Stops Breathing, Rushed to NYC Hospital

During surgical procedure on her throat at a clinic, 81-year-old Joan Rivers stopped breathing and was immediately taken to a New York City hospital, TMZ reported Monday The longtime TV personality and comedian, whose biting humor takes jabs at...



Farmers Say New York Financial Firm Forced Them In Bankruptcy

Farmers of guar, a high value product used in fracking, have not received payments for their crop as a related third party company declares bankruptcyA bankruptcy maneuver appears to have taken advantage of farmers. No, we’re not talking about the...



Economy Doing Ever So Slightly Better Than We Thought

The economy is doing ever so slightly better than we thought: Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 4.2% in the second quarter, the Commerce...



Lucara Diamond Stock Sparkles, Reports Another Strong Quarter

Let’s talk diamonds for a change. Often it seems that gold gets all the fun when I write and speak about precious metals and minerals. But Vancouver-based Lucara Diamond, which we own in both our Gold and Precious Metals Fund (USERX) and...



Intel: In Search of Growth Drivers, Says RBC

RBC Capital Markets chip analyst Doug Freedman today filed a note to clients concerning his recent visit with Intel (INTC) director of investor relations Mark Heninger, as part of a series of meetings he called his “Silicon Valley Bus...



Stop Twisting Republican Quotes. They're Not Threatening Another Government Shutdown.

As we approach the midterm elections, Democrats are naturally trying to frighten Americans into believing that the GOP could shut down the government again. What isn't natural is that the media is helping them do it.The October shutdown was a...



10 Things You Need To Know Before The Opening Bell (DIA, SPY, SPX, QQQ)

Good morning! Here's what you need to know: Russia Is Advancing On Ukraine, Says Ukraine. "I have made a decision to cancel my working visit to the Republic of Turkey due to sharp aggravation of the situation in Donetsk region, particularly in...



The Road To World War 3: Russia And Ukraine Are Now Engaged In A Shooting War

Russian soldiers and Ukrainian soldiers are now shooting at each other in eastern Ukraine.  Could this conflict ultimately lead us down the road to World War 3?  This week, a very robust force of "tanks, artillery and infantry" has...



FEDS: RUSSIANS HACKED AMERICAN BANKS

FEDS: RUSSIANS HACKED AMERICAN BANKS(Main headline, 1st story, link) ...



IMF VIXEN CHARGED IN FRANCE



GOP Extremism Isn't Just Hurting America. It's Hurting Our Planet.

The New York Times reports today that President Barack Obama is pursuing an international climate agreement ahead of next year's United Nations climate-change summit...



Square heads for $6B valuation: Sources

Payments provider Square is in the process of raising capital at a $6 billion valuation, according to sources familiar with the...



2008 Meltdown Was Worse Than Great Depression, Bernanke Says

Bloomberg Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart. Mr. Bernanke is quoted making the statement in a...



Snapchat Fetches $10 Billion Valuation

Kleiner Perkins agreed to invest in Snapchat at a valuation of close to $10 billion, making it one of the world's most valuable private tech...



Gold Jewelry Demand in India Improves

Those who root for gold root for India. Despite a welcome June rally, it’s been a rocky second quarter for the world’s second-largest consumer of the metal, with demand down 18 percent compared to last year. But consumer appetite...



Breaking News, Page 1

Older >

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What Unions No Longer Do

Forty years ago, about quarter of American workers belonged to unions, and those unions were a major economic and political force. Now union membership is down to 11.2% of the U.S. workforce, and it’s increasingly concentrated in the public sector...



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...



Links for 11-01-14

Bond market conundrum redux - Econbrowser Stopping Europe's Descent Into Deflation - Bloomberg View More Workers Are Claiming ‘Wage Theft’ - NYTimes.com Commodity Prices: Financialization or Supply/Demand? - Michael Roberts Why...



Scylla, Charybdis, and the Euro

The shoals of debt versus the vortex of...



Citigroup Dealing With “Bad Actor” Restrictions on Hedge Fund Sales

Citigroup faces new limits on hedge funds sales due to SEC settlementAccording to an August 22nd article in the Wall Street Journal, Citigroup Inc (NYSE:C) is facing “bad actor: restrictions relating to its recent settlement with U.S....



Bill Ackman Just Made Another $144 Million On Burger King This Morning

Hedge fund manager Bill Ackman, who runs Pershing Square Capital, is having a big day.  He just made more than $144 million on his Burger King stake this morning before the opening bell. The news is that U.S. burger chain Burger King is...



The Victors Write the History Books, Even in Finance [ANALYSIS]

The Victors Write the History Books, Even in Finance by David Merkel, CFA of The Aleph Blog “It ain’t what you don’t know that hurts you, it’s what you know that ain’t so.” (Attributed to Mark Twain, Will...



Wonkblog: Russia’s ban on American food imports is going to hit the U.S. poultry, pork and nut industries the hardest

Russia has aimed its latest cross-Atlantic swing at the American food industry. On Thursday, the country announced the suspension of billions of dollars in food imports from a number of countries — including Norway, Canada, Australia,...



DeLong on the mother of all black swans

Brad DeLong has a post that is mildly critical of Shiller’s stock market model in almost precisely the same way that I am critical of Shiller’s stock market model.  The only difference is that DeLong knows more finance than I do,...



Ferguson and the Debtor’s Prison

How does a stop for jaywalking turn into a homicide and how does that turn into an American town essentially coming under military control with snipers, tear gas, and a no-fly zone? We don’t yet know exactly what happened between the...



Report: Amazon building ad system to compete with Google's

Amazon plans to expand its small online ad delivery business enough to take on Google’s AdWords, according to a Wall Street Journal report.The company is developing a platform for delivering ads both on its own properties and other sites,...



"Reaching for yield"

"I have seen this movie before. I know how it ends." Me, too. Yikes. ...



Opinion: Russia, an economic black hole for its neighbours

Pity any Russians wanting to sit down to their regular Sunday lunch of kangaroo steak, medium-rare. Thanks to the trade restrictions Vladimir Putin announced last week, Australia – along with the EU, US, Norway and Canada – found its...



Name Calling at the NYT: Argentina and the Vultures

For some reason the folks at the NYT business desk are having a hard time understanding what is going with the dispute over Argentine debt. An article today refers to the hedge funds that have forced Argentina into a second default as "holdout...



WHITEHOUSEGOOGLE: Top Exec Expected to be Tapped as Chief Technology Officer...

WHITEHOUSEGOOGLE: Top Exec Expected to be Tapped as Chief Technology Officer...(Third column, 12th story, link) ...



Quindell and an industry deaf to its assumptions

A few more things to ponder following the results for Quindell last week, beyond the cash situation that we have already covered. One is the difference between what the UK’s largest listed law firm has assumed it will get paid for industrial...



How to Avoid the Next Ferguson: Ditch the Riot Gear

Ferguson, Missouri turned into a war zone Wednesday night, with police unleashing tear gas, rubber bullets, and smoke bombs on protesters. It didn’t have to unfold that...



Taser International, Inc. Stock Soars By Ferguson News

A Cambridge University study noted a marked improvement of police officers when they were aware their actions were being monitoredThere might be a beneficiary to the apparent increased militancy of the US police establishment, as first witnessed in the...



PricewaterhouseCoopers Said To Water Down Client Report

Regulators are said to be close to announcing a settlement with PricewaterhouseCoopers in connections with its report on the Bank of Tokyo-Mitsubishi UFJPricewaterhouseCoopers has long had a reputation of trust, but now, a new report is casting doubt on...



Walgreen Shuns Inversion, Takes Control Of Alliance Boots

The Wal green-Alliance Boots deal would create the world’s largest pharmaceutical wholesale and distribution network with over 370 distribution centersWalgreen Company (NYSE:WAG), the biggest U.S. drugstore chain, said Wednesday that it would pay...