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Carl Icahn says he sold entire Apple stake on China woes: CNBC

NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc , citing the risk of China's influence on the stock. ...



Reason #4 For Weak Productivity Growth: Labor Is Cheap

Neil Irwin noted the incredibly weak productivity growth of the last six years and then considered three possible explanations. Unfortunately he left out what may be the plausible one: labor is cheap. The high unemployment of the last seven years has...



Another Weak Quarter For US GDP



Top Performing Russell 3000 Stocks Since 2/11

In an earlier post, we highlighted the fact that small-cap stocks have been leading the market higher in the rally off the 2/11 lows.  Looking at the stocks that have done the best since 2/11, it would also appear as though not only have stocks with...



Quote of the Day: John Boehner Sure Doesn't Think Much of Ted Cruz

From former House speaker John Boehner, asked what he thinks of Ted Cruz: I have never worked with a more miserable son of a bitch in my life. The interesting thing about this is that it's not very interesting. It's just par for the...



Calling All (Potential) Peak Performers!

In our recent Freakonomics Radio episode “How to Become Great at Just About Anything,” we spoke with K. Anders Ericsson, a research psychologist who has spent more than 30 years studying expert performers in many fields — music,...



The U.S. Economy Officially Joins The Global Economic Slowdown – 1st Quarter GDP Comes In At 0.5%

Even the government is admitting that the U.S. economy is slowing down.  On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.  This was lower than analysts were anticipating, and it...



The Money Issue: President Obama Weighs His Economic Legacy

Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.P. is growing. Why do so many voters feel left behind? The president has a...



Valeant is making huge changes to its board

Drugmaker Valeant Pharmaceuticals is expected to name four new directors as soon as Friday, The Wall Street Journal reported. Five of its long-standing directors have agreed to step down to make room for the new nominees, the Journal reported, citing...



How much exercise do we really need?

Many of you have sent me this piece in the NYT which argues that a new study says that one minute of strenuous exercise achieved the same benefits as 45 minutes of endurance exercise. Let’s let Gretchen Reynolds describe the experiment: One...



FBI won't tell Apple how it got into the San Bernardino shooter's iPhone

The FBI on Wednesday opted not to share its method for hacking into the iPhone used by one of the San Bernardino shooters with Apple. After a legal battle that dragged on for more than six weeks, the FBI was able to bypass the encryption on the iPhone...



Employee's Body Found at APPLE HQ...

Employee's Body Found at APPLE HQ...(Third column, 5th story, link)Related stories:'Suicide'... ...



Redacted Version Of The April 2016 FOMC Statement

Redacted Version Of The April 2016 FOMC Statement by David Merkel, The Aleph Blog March 2016 April 2016 Comments Information received since the Federal Open Market Committee (FOMC) met in January suggests that economic activity has been expanding at...



FOMC Statement: No Change to Policy, Less Global Concern

Not much change. Less mention of "global" risks.FOMC Statement: Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears...



4 Video Game Betas You Can Play or Sign Up for Now

Want to play some of the biggest video games weeks or even months before they come out? Not everyone is aware, but you can download and play limited versions of huge games, completely for free. That’s because game developers often run beta tests to...



Unfortunate man bitten on penis by venomous spider

What this port-a-john lacked in toilet paper, it made up for in venomous spiders. A 21-year-old Australian man was hospitalized Wednesday after a redback spider attacked his penis while he was using a portable toilet. While paramedics were called to the...



Lemonade sentences to ponder

For those of you who just returned from a trip to Mt. Everest, Lemonade is Beyoncé’s latest album, and the lyrics are all about the pain she felt when her husband, music mogul Jay-Z, cheated on her. Or so it’s universally...



Economy In Decline: Apple Reports Massive Revenue Decline As iPhone Sales Plummet Dramatically

Corporate revenues in the United States have been falling for quite some time, but now some of the biggest companies in the entire nation are reporting extremely disappointing results.  On Tuesday, Apple shocked the financial world by reporting that...



Drug Prices Keep Rising Despite Intense Criticism

The burden of drug pricing often falls most heavily on the uninsured, who must pay list...



How Trump Killed Reaganism

There have been three GOP revolutions since World War II. No telling what’s...



Express Scripts CEO aims to keep Anthem as a customer

NEW YORK (Reuters) - Pharmacy benefit manager Express Scripts Holding Co's top executive said on Tuesday that despite its contract dispute with Anthem Inc over pharmaceutical price cuts Anthem says it is owed, it aims to keep the health insurer as...



Links for 04-27-16

Robert J. Shiller on Competition, Deception and Rent-Seeking - ProMarket The Mirage of a Return to Manufacturing Greatness - NYTimes Could A Higher Minimum Wage Increase Employment? - EconoSpeak Who's the Threat? Big Business, Big Labor, Big...



VW Presentation in ’06 Showed How to Foil Emissions Tests

The proposal, discovered as part of the investigations into Volkswagen, provides a direct link to the genesis of the diesel...



A Windfall for Chobani Employees: Stakes in the Company

The yogurt maker is giving workers shares worth up to 10 percent of the company when it goes public or is sold. Individual stakes, based on tenure, could range to over $1...



YouTube Updates Content Recommendation Engine in iOS, Android Apps

YouTube beefed up the machine learning engine behind the content recommendations in its iOS and Android applications. Google vice president of YouTube product management Johanna Wright told CNET the improved recommendations engine is based...



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FBI won't tell Apple how it got into the San Bernardino shooter's iPhone

The FBI on Wednesday opted not to share its method for hacking into the iPhone used by one of the San Bernardino shooters with Apple. After a legal battle that dragged on for more than six weeks, the FBI was able to bypass the encryption on the iPhone...



FOMC Statement: No Change to Policy, Less Global Concern

Not much change. Less mention of "global" risks.FOMC Statement: Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears...



Unfortunate man bitten on penis by venomous spider

What this port-a-john lacked in toilet paper, it made up for in venomous spiders. A 21-year-old Australian man was hospitalized Wednesday after a redback spider attacked his penis while he was using a portable toilet. While paramedics were called to the...



Valeant is making huge changes to its board

Drugmaker Valeant Pharmaceuticals is expected to name four new directors as soon as Friday, The Wall Street Journal reported. Five of its long-standing directors have agreed to step down to make room for the new nominees, the Journal reported, citing...



Express Scripts CEO aims to keep Anthem as a customer

NEW YORK (Reuters) - Pharmacy benefit manager Express Scripts Holding Co's top executive said on Tuesday that despite its contract dispute with Anthem Inc over pharmaceutical price cuts Anthem says it is owed, it aims to keep the health insurer as...



Employee's Body Found at APPLE HQ...

Employee's Body Found at APPLE HQ...(Third column, 5th story, link)Related stories:'Suicide'... ...



A Windfall for Chobani Employees: Stakes in the Company

The yogurt maker is giving workers shares worth up to 10 percent of the company when it goes public or is sold. Individual stakes, based on tenure, could range to over $1...



Redacted Version Of The April 2016 FOMC Statement

Redacted Version Of The April 2016 FOMC Statement by David Merkel, The Aleph Blog March 2016 April 2016 Comments Information received since the Federal Open Market Committee (FOMC) met in January suggests that economic activity has been expanding at...



How Trump Killed Reaganism

There have been three GOP revolutions since World War II. No telling what’s...



5 Samsung Rumors: From a New S7 Edition to Note 6 Specs

With Samsung’s Galaxy S7 already in the hands of reviewers and early adopters, the excitement around the device’s launch is starting to die down. And instead of speculating about the S7, the ever-active Samsung rumor mill is now...



Links for 04-27-16

Robert J. Shiller on Competition, Deception and Rent-Seeking - ProMarket The Mirage of a Return to Manufacturing Greatness - NYTimes Could A Higher Minimum Wage Increase Employment? - EconoSpeak Who's the Threat? Big Business, Big Labor, Big...



VW Presentation in ’06 Showed How to Foil Emissions Tests

The proposal, discovered as part of the investigations into Volkswagen, provides a direct link to the genesis of the diesel...



Lemonade sentences to ponder

For those of you who just returned from a trip to Mt. Everest, Lemonade is Beyoncé’s latest album, and the lyrics are all about the pain she felt when her husband, music mogul Jay-Z, cheated on her. Or so it’s universally...



Drug Prices Keep Rising Despite Intense Criticism

The burden of drug pricing often falls most heavily on the uninsured, who must pay list...



Saudi Reforms Are Ambitious But Are They Achievable?

Can Saudi reforms actually achieve the goal of diversifying away from oil, liberalizing the economy and its society to various degrees? When Saudi Arabia recently announced they were working to diversify their economy away from oil, one could almost hear...



4 Video Game Betas You Can Play or Sign Up for Now

Want to play some of the biggest video games weeks or even months before they come out? Not everyone is aware, but you can download and play limited versions of huge games, completely for free. That’s because game developers often run beta tests to...



8 Popular Shows That Won’t Return to TV in 2017

While this television season has brought audiences several anticipated new series, it’s also signified the end of the road for some long-running favorites. By this point, many networks have already revealed which titles on their respective...



Economy In Decline: Apple Reports Massive Revenue Decline As iPhone Sales Plummet Dramatically

Corporate revenues in the United States have been falling for quite some time, but now some of the biggest companies in the entire nation are reporting extremely disappointing results.  On Tuesday, Apple shocked the financial world by reporting that...



8 Greatest MLB Teams of All Time

To compile a list of the best Major League Baseball teams of all time, there’s more than a century of data to mine and parameters to set. For one thing, a team can’t be great if they lose in the playoffs. For the Ruth and Gehrig Yankees (and...



YouTube Updates Content Recommendation Engine in iOS, Android Apps

YouTube beefed up the machine learning engine behind the content recommendations in its iOS and Android applications. Google vice president of YouTube product management Johanna Wright told CNET the improved recommendations engine is based...