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Monday: Existing Home Sales

From James Hamilton at Econbrowser: Do falling oil prices raise the threat of deflation?If gasoline prices stay where they are and if we buy the same number of gallons of gasoline this year as last, that leaves us with an additional $160 billion to spend...



'The Net Petroleum Exporter Myth'

Bill McBride at Calculated Risk: Katie Couric and the Net Petroleum Exporter Myth: To understand what the general public is hearing about oil, I watched a Yahoo video yesterday with Katie Couric explaining the decline in oil prices. In general the...



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Links for 12-20-14

The Simple Analytics of Monetary Impotence (Wonkish) - Paul Krugman Karl Whelan: Teaching Economics After the Crash - Brad DeLong How a 2% Inflation Target Became Global Economic Gospel - NYTimes 5 Reasons for the Slow Recovery in Long-Term Unemployment...



Hollywood Journalist Nikki Finke Reportedly In Talks With Politico

Nikki Finke, founder and former editor-in-chief of Deadline, is said to be in talks with Politco about joining the site as a political columnist, The New York Times reported Friday, citing anonymous sources "familiar with the discussions."...



Young Investors Too Attached to High Risk with Low Return

Well… young investors are back in the market, but are they too late? Conventional wisdom says that a 25 year old individual has the ability to take on more risk than another individual who is 62 and retired, due to the fact that the younger...



Apple Condemns BBC Reports About Factory And Tin Supplier Conditions

Earlier this week, the BBC aired an hourlong documentary program on conditions for workers in factories assembling Apple products in China, and conditions in tin mines in Indonesia that supply Apple. Factory footage showed iPhone assemblers begging for...



The Use of Sampling Weights in Bayesian Hierarchical Models for Small Area Estimation

All this discussion of plagiarism is leaving a bad taste in my mouth (or, I guess I should say, a bad feeling in my fingers, given that I’m expressing all this on the keyboard) so I wanted to close off the workweek with something more...



George Clooney Tried To Get Hollywood To Support Sony

While some celebrities have been very vocal in their defense of Sony Pictures following a massive cyber attack that led to the cancelation of "The Interview," George Clooney says those voices are an exception. In an interview with Deadline.com,...



Why Aren't We Retaliating Right Now for the Sony Cyberattack?

On Wednesday, Sony cancelled the release of its latest mediocre Seth Rogen comedy, The Interview, in the face of terrorism threats from hackers who had been wreaking havoc on the...



American Apparel Inc (APP) May Seriously Be Considering Buyout

American Apparel May Seriously Be Considering Buyout by Todd Sullivan, ValuePlays Here is the news on the rumored buyout offer from the WSJ: SUZANNE KAPNER Updated Dec. 18, 2014 7:27 p.m. ET American Apparel Inc has been approached by Irving Place...



Kerry Tells European Envoys U.N. Action on Palestine Can Wait till Israeli Election

Secretary of State John Kerry has privately told European Union envoys that Washington will not permit the passage of any U.N. Security Council resolution on the Middle East peace process until after Israel’s March elections, according to three...



Why Germany's having a merrier Christmas

Christmas in Germany will be that little bit merrier this year as business and consumer confidence...



Samsung's ChatOn messaging service will be turned off early next year

Samsung’s ChatOn will soon be ChatOff. After initially denying that it was closing its instant messaging service, the company confirmed on Thursday that ChatOn will be shut down early next year. The plan is to close international versions...



FP’s Situation Report, presented by Lockheed Martin: U.S. is missing key allies in Islamic State fight; Putin remains defiant as Russian...

By David Francis and Sabine Muscat The United States is missing key allies in its fight against the Islamic State. Some 1,500 American troops are preparing to deploy to the Middle East to retrain Iraqi security forces to fight to the Islamic State next...



New York’s Bitcoin Regulation Proposal “BitLicense” Is Revised

If it is now accepted at dozens of major retailers and if New York State’s financial regulator is going to spend months figuring out the best way to regulate it, then it is fair to say that that Bitcoin is here to stay. The chief financial...



Wall Street Upbeat That Tesla Motors Inc. (TSLA) Will Be The Stock Of The Year In 2015

Tesla Motors Inc. (NASDAQ:TSLA) has been on the receiving end in the recent month losing value in the wake of oil prices plummeting to all-time lows, forcing CEO, Elon Musk, to lose more than $1 billion in holdings.  Contrary to opinion, Wall Street...



Movie world fears for freedom of speech as parody pulled...

Movie world fears for freedom of speech as parody pulled...(Top headline, 1st story, link)Related stories:LEAK: Jolie branded 'seriously out of her mind'...Studio Warned Not to Cast Denzel Washington Due to His Race...'INTERVIEW' Orgy...



Federal Reserve Board announces banking entities have until July 21, 2016, to conform investments in and relationships with covered funds and foreign...

Federal Reserve Board announces banking entities have until July 21, 2016, to conform investments in and relationships with covered funds and foreign funds that were in place prior to December 31,...



GSE Appeal Issues Presented to Appellate Court

Things are getting cranked up in the Appellate Court in the $FNMA $FNMAS shareholder appeal… Here it is in chart form (H/T Peter Chapman): Issues […] The post GSE Appeal Issues Presented to Appellate Court appeared first on...



UBER Driver Accused Of Beating, Raping Passenger...

UBER Driver Accused Of Beating, Raping Passenger...(Second column, 8th story, link)Related stories:Company promises tougher background checks... ...



Why Would the Saudis Deliberately Crash the Oil Markets?

On January 2, 1977, the Shah of Iran made a painful admission about his country’s economy. “We’re broke,” he confided bluntly to his closest aide, court minister Asadollah Alam, in a private meeting. Alam predicted still more...



Facebook Privacy Policy In 2025: What Would It Look Like?

Just fifteen short years ago, if someone had publicly proclaimed that the U.S. government and various corporate interests were spying on the most private and intimate moments of U.S. civilian lives, they would have been considered a tin foil hat...



About Those Cost Push Inflation Fears...

Via Real Time Economics at the WSJ: No Sign Yet of Labor Cost Inflation in U.S. or U.K., by Paul Hannon: Despite falling unemployment rates, there are few signs that rising wages will soon start to push inflation higher in either the U.S. or the U.K.,...



Time to Take Back the Toilet Full Transcript

This is a transcript of the Freakonomics Radio podcast “Time to Take Back the Toilet” DUBNER: Hey podcast listeners, before today’s show begins, I want to ask you to think back on all the stories we’ve brought you in the...



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More Macro Modeling Meta



Links for 12-20-14

The Simple Analytics of Monetary Impotence (Wonkish) - Paul Krugman Karl Whelan: Teaching Economics After the Crash - Brad DeLong How a 2% Inflation Target Became Global Economic Gospel - NYTimes 5 Reasons for the Slow Recovery in Long-Term Unemployment...



Apple halts online sales in Russia due to shaky currency

If you hadn't heard, the value of Russia's ruble is tanking -- and that's starting to make online store operators nervous. Apple tells Bloomberg that it has frozen internet sales in the country while its workers "review pricing."...



U.S. Added 321,000 Jobs for Best Pace Since 1999

U.S. employers ramped up hiring last month, continuing a stretch of robust payroll gains and keeping the economy on track to record its strongest year of job creation in 15...



Wall Street Upbeat That Tesla Motors Inc. (TSLA) Will Be The Stock Of The Year In 2015

Tesla Motors Inc. (NASDAQ:TSLA) has been on the receiving end in the recent month losing value in the wake of oil prices plummeting to all-time lows, forcing CEO, Elon Musk, to lose more than $1 billion in holdings.  Contrary to opinion, Wall Street...



Federal Reserve Board announces banking entities have until July 21, 2016, to conform investments in and relationships with covered funds and foreign...

Federal Reserve Board announces banking entities have until July 21, 2016, to conform investments in and relationships with covered funds and foreign funds that were in place prior to December 31,...



'The Net Petroleum Exporter Myth'

Bill McBride at Calculated Risk: Katie Couric and the Net Petroleum Exporter Myth: To understand what the general public is hearing about oil, I watched a Yahoo video yesterday with Katie Couric explaining the decline in oil prices. In general the...



Microsoft takes a bath on failed Nook partnership

After sinking $300 million into Barnes & Noble’s digital reading business, Microsoft is walking away with about $120 in cash and stock—and not much else.As the Wall Street Journal reports, the two companies have terminated a...



Lowering Down Payments Increase Risk of Mortgage Default

The housing bubble was apparently too far in the past for many of the people writing about housing to remember. Part of the problem was that many borrowers got loans that they were ill-situated to repay. One of the factors that is a strong determinant of...



Keynes Is Slowly Winning

In the long run, wrong ideas are sort of...



Daily Demand and Supply: On Thanksgiving, Americans are grateful OPEC can't get their act together

OPEC countries failed Thursday to agree to a cut in oil production that was desperately sought by some member states worried about the recent drop in prices. Officials met for six hours of negotiations in Vienna. It would have been the first cut in...



Samsung's ChatOn messaging service will be turned off early next year

Samsung’s ChatOn will soon be ChatOff. After initially denying that it was closing its instant messaging service, the company confirmed on Thursday that ChatOn will be shut down early next year. The plan is to close international versions...



Kerry Tells European Envoys U.N. Action on Palestine Can Wait till Israeli Election

Secretary of State John Kerry has privately told European Union envoys that Washington will not permit the passage of any U.N. Security Council resolution on the Middle East peace process until after Israel’s March elections, according to three...



Monday: Existing Home Sales

From James Hamilton at Econbrowser: Do falling oil prices raise the threat of deflation?If gasoline prices stay where they are and if we buy the same number of gallons of gasoline this year as last, that leaves us with an additional $160 billion to spend...



'Growth slowdowns: Middle-Income Trap vs. Regression to the Mean'

Lant Pritchett and Lawrence H. Summers: Growth slowdowns: Middle-income trap vs. regression to the mean, by Lant Pritchett, Lawrence H. Summers, Vox EU: Dozens of nations think they are in the ‘middle-income trap’. Lant Pritchett and Larry...



Google Inc. (GOOGL), Amazon.com, Inc. (AMZN) and Netflix, Inc. (NFLX) Disappoint: Jim Cramer

Google Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN) and Netflix, Inc. (NASDAQ:NFLX) have been a disappointment for the better part of the year, recording drops that CNBC’s Jim Cramer attributes to competition. While the overall industry has...



Apple Condemns BBC Reports About Factory And Tin Supplier Conditions

Earlier this week, the BBC aired an hourlong documentary program on conditions for workers in factories assembling Apple products in China, and conditions in tin mines in Indonesia that supply Apple. Factory footage showed iPhone assemblers begging for...



Google will target kids with redesigned versions of its products

Google is planning versions of some of its products that will be targeted at kids that are 12 years or younger, according to a news report.Kids are seen as the next big frontier for Internet companies, and already a number of kids are known to lie...



'Return of Focus Hocus Pocus'

Paul Krugman: Return of Focus Hocus Pocus: I’ve been getting correspondence from people saying that I need to respond to Tom Edsall channeling Chuck Schumer on how health reform was a mistake, Obama should have focused on the economy. The thing...