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Uber Is Operating At A Half A Billion Dollar Loss, Report Claims

Uber is reportedly losing close to half a billion dollars as the company continues to expand its national and global reach. News of the loss arrives after Bloomberg examined a bond prospectus and found the following information. Uber is reportedly...



NYT Gets It Badly Wrong, Trillions Were "Lent", not "Spent"

The NYT had a bizarre front page article about the limited effectiveness of monetary policy in the euro zone and elsewhere. The headline of the piece refers to "trillions" of dollars being spent by central banks, a line repeated in the first...



The Other Winner in the Supreme Court's Wild Week: Big Business

It's tempting to see the Supreme Court's decisions last week to uphold Obamacare and legalize gay marriage as wildly divergent from its decision on Monday to strike...



Links for 06-30-15

The Awesome Gratuitousness of the Greek Crisis - Paul Krugman The "Hangover Theory" of the Crash Fails - Brad DeLong Quantum mental processes? - Understanding Society A Primer on the Greek Crisis - Anil Kashyap Wage Growth Held Steady...



The Upload: Your tech news briefing for Monday, June 29

Google’s favoring its own services in search results harms consumers, not just competitorsIt’s not just the European Union’s antitrust authorities that don’t like Google’s practice of promoting its own services ahead of...



American Apparel (APP) – Hey Dov Charney…Go Away

Hey Dov Charney...Go Away by Todd Sullivan, ValuePlays In the latest barrage of litigation from disgraced former American Apparel CEO Dov Charney, he now claims Standard CEO Kim essentially began committing hari-kari in front of Charney over their...



Frances Arrests Entrepreneurs for Crime of Innovation. Is it Any Wonder the Economy Sucks?

CEO of Uber France has been arrested because, uh, his competitors have resorted to violence to defend their inferior product.  The fact that the victim rather than the perpetrators of violence is getting arrested speaks volumes to how far...



'The Stimulative Effect of Redistribution'

Bart Hobijn and Alexander Nussbacher in the SF Fed's Economic Letter: The Stimulative Effect of Redistribution, by Bart Hobijn and Alexander Nussbacher: The idea of taking from the rich and giving to the poor goes back long before the legend of...



Grexit Would Be Even More Dangerous than Economists Realize

After months of acrimonious negotiations, and despite a significant rapprochement between their position and their creditors’, the Greek coalition government has unexpectedly stopped negotiation discussions in their tracks, announcing a snap...



Grexit: The staggering cost of central bank dependence

This weekend’s dramatic events saw the ECB capping emergency assistance to Greece. This column argues that the ECB’s decision is the last of a long string of ECB mistakes in this crisis. Beyond triggering Greece’s Eurozone exit –...



Greece Now Has to Decide Whether to Leave the Euro. It's Not a No-Brainer.

Today's news is all about Greece. To make a long story short, the Greeks last week presented the Europeans with an austerity proposal that was pretty much what they had been asking for. But It turned out that "pretty much" wasn't...



Grexit further reading

Elsewhere on Greece: - Time for a fresh start? - How the recovery will look like when Greece leaves the euro. - Europe’s moment of truth leads to Grisis. - What might contagion look like?Continue reading: Grexit further...



Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’

Gov. Alejandro García Padilla said that his administration would probably seek significant concessions from its creditors on a $72 billion debt...



Greece: ECB Freezes Level of Emergency Loans

Some comments from analysts at the Financial Times Alphaville: Greece: bank analysts and eurowatchers on what to expect on MondayThe analysts make good point on Greek banks, and also on the odds of the Greeks voting for more austerity, an...



Europe’s Moment of Truth

Tsipras, rightly, refuses to fall on his...



Greece takes rescue talks to the wire

It's almost crunch time. Euro zone finance ministers are meeting one more time to try and thrash out a deal for...



European Ministers Deny Greek Request to Extend Debt Talks

The ministers’ action came hours after the Greek prime minister called for a referendum on the creditors’...



The Bad Behavior Of Visionary Leaders

The Bad Behavior Of Visionary Leaders by Tony Schwartz, DealBook As I was reading Ashlee Vance’s “Elon Musk: Tesla, Space X and the Quest for a Fantastic Future,” I was alternately awed and disheartened, almost exactly the same...



Links for 06-27-15

Legacy - Paul Krugman Ancestry and culture - Vox EU A Dangerous Combination: Bubbles and Debt - Noah Smith Expanding Health Insurance in 2014: How Much Progress? - Tim...



Wonkblog: The one Supreme Court paragraph on love that gay marriage supporters will never forget

The final paragraph of Justice Anthony Kennedy's opinion holding that couples of the same sex have a constitutional right to wed is a moving and cogent statement of what marriage means.No union is more profound than marriage, for it embodies the...



7 powerful lines from the same-sex marriage decision

The U.S. Supreme Court made history on Friday when it declared state bans on same-sex marriage unconstitutional. Swing vote Justice Anthony Kennedy, who wrote the court's majority opinion, lead the 5-4 ruling. Kennedy — who is known for...



Why Conservatives Should Praise God for the Supreme Court's Gay Marriage Decision

The range of Republican opinion on the Supreme Court’s declaration of a constitutional right to same-sex marriage extends from Mike Huckabee, who wants a constitutional...



Common Sense: If Greece Defaults, Imagine Argentina, but Much Worse

The Greek debt crisis has similarities to Argentina’s default in 2001. But experts say a default would be much worse for...



French Chemical Factory Hit by Terror Attack

A chemical factory in southeastern France was targeted in a suspected terrorist attack, leaving at least one person dead, two police officers...



Facebook Adds Videos Tab to Page Insights

Facebook accommodated the explosion in the popularity of videos posted by pages with the addition of a videos tab to its page insights. Page administrators now have access to aggregate information on views, 30-second views, top videos within a...



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Grexit Would Be Even More Dangerous than Economists Realize

After months of acrimonious negotiations, and despite a significant rapprochement between their position and their creditors’, the Greek coalition government has unexpectedly stopped negotiation discussions in their tracks, announcing a snap...



Greece Now Has to Decide Whether to Leave the Euro. It's Not a No-Brainer.

Today's news is all about Greece. To make a long story short, the Greeks last week presented the Europeans with an austerity proposal that was pretty much what they had been asking for. But It turned out that "pretty much" wasn't...



Grexit: The staggering cost of central bank dependence

This weekend’s dramatic events saw the ECB capping emergency assistance to Greece. This column argues that the ECB’s decision is the last of a long string of ECB mistakes in this crisis. Beyond triggering Greece’s Eurozone exit –...



Frances Arrests Entrepreneurs for Crime of Innovation. Is it Any Wonder the Economy Sucks?

CEO of Uber France has been arrested because, uh, his competitors have resorted to violence to defend their inferior product.  The fact that the victim rather than the perpetrators of violence is getting arrested speaks volumes to how far...



American Apparel (APP) – Hey Dov Charney…Go Away

Hey Dov Charney...Go Away by Todd Sullivan, ValuePlays In the latest barrage of litigation from disgraced former American Apparel CEO Dov Charney, he now claims Standard CEO Kim essentially began committing hari-kari in front of Charney over their...



'The Stimulative Effect of Redistribution'

Bart Hobijn and Alexander Nussbacher in the SF Fed's Economic Letter: The Stimulative Effect of Redistribution, by Bart Hobijn and Alexander Nussbacher: The idea of taking from the rich and giving to the poor goes back long before the legend of...



7 powerful lines from the same-sex marriage decision

The U.S. Supreme Court made history on Friday when it declared state bans on same-sex marriage unconstitutional. Swing vote Justice Anthony Kennedy, who wrote the court's majority opinion, lead the 5-4 ruling. Kennedy — who is known for...



The Upload: Your tech news briefing for Monday, June 29

Google’s favoring its own services in search results harms consumers, not just competitorsIt’s not just the European Union’s antitrust authorities that don’t like Google’s practice of promoting its own services ahead of...



Greece: ECB Freezes Level of Emergency Loans

Some comments from analysts at the Financial Times Alphaville: Greece: bank analysts and eurowatchers on what to expect on MondayThe analysts make good point on Greek banks, and also on the odds of the Greeks voting for more austerity, an...



Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’

Gov. Alejandro García Padilla said that his administration would probably seek significant concessions from its creditors on a $72 billion debt...



Greece takes rescue talks to the wire

It's almost crunch time. Euro zone finance ministers are meeting one more time to try and thrash out a deal for...



Nearly Every Republican Candidate Refuses to Accept That Obamacare Is Here to Stay

The Supreme Court upheld a key provision in the Affordable Care Act on Thursday, prompting President Barack Obama to...



Links for 06-30-15

The Awesome Gratuitousness of the Greek Crisis - Paul Krugman The "Hangover Theory" of the Crash Fails - Brad DeLong Quantum mental processes? - Understanding Society A Primer on the Greek Crisis - Anil Kashyap Wage Growth Held Steady...



Grexit further reading

Elsewhere on Greece: - Time for a fresh start? - How the recovery will look like when Greece leaves the euro. - Europe’s moment of truth leads to Grisis. - What might contagion look like?Continue reading: Grexit further...



Businesses Worry About Shouldering Burden of Greek Debt

With Greece virtually broke, the government is looking to raise taxes on businesses to fill its financial...



Uber driver deemed employee by California Labor Commission

In a decision that could have major implications for the way Uber does business in its home state, the California Labor Commission has ruled that a driver was an employee when she was driving for the company.Uber has always claimed that its drivers...



Teen Spends 3 Years at Rikers Island Without Trial, Then Takes His Life...

Teen Spends 3 Years at Rikers Island Without Trial, Then Takes His Life...(Second column, 5th story, link) ...



Whole Foods Busted For Overcharging On Packaged Foods -- Again

Consumers have long referred to Whole Foods as "Whole Paycheck" for its high prices, but it isn't just sticker shock: Many locations of the Austin-based grocery chain are illegally overcharging customers. New York Daily News reporters...



Wonkblog: The one Supreme Court paragraph on love that gay marriage supporters will never forget

The final paragraph of Justice Anthony Kennedy's opinion holding that couples of the same sex have a constitutional right to wed is a moving and cogent statement of what marriage means.No union is more profound than marriage, for it embodies the...