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Friday Night: Kudlow makes me laugh ... again!

Larry Kudlow wrote an absurd piece at CNBC today.Of course Kudlow is usually wrong and frequently absurd ... as an example, in June 2005 Kudlow wrote "The Housing Bears are Wrong Again" and called me (or people like me)...



We’re getting there

Commenter Cthorm pointed me to this new regulation from the CFTC: RELEASE: PR7047-14 October 29, 2014 CFTC Staff Provides No-Action Relief for Victoria University of Wellington, New Zealand, to Operate a Not-For-Profit Market for Event Contracts and to...



GDP May Be Ready To Accelerate Economic Growth [CHART]

GDP May Be Ready to Accelerate Growth by Todd Sullivan, ValuePlays “Davidson” submits: Real GDP was better than expected. But, if one looks at the trends then one sees decent but less than historical RGDP. Real GDP is composed of private and...



The WSJ Continues to Cheerlead Govt’s Case vs Shareholders

So, here is the latest from a few days ago. I’ll skip the 1st paragraph because it is starting to degenerate into simple shareholder trolling […] The post The WSJ Continues to Cheerlead Govt’s Case vs Shareholders appeared...



Consumers wasted at least $300 million paying for AT&T’s ‘unlimited’ data

By now, you've probably heard that the Federal Trade Commission is suing AT&T for how it treats its unlimited data customers. Despite paying for an unlimited plan, these subscribers had their mobile Internet slowed to dial-up speeds,...



U.S. Inflation Undershoots Fed’s 2% Target for 29th Consecutive Month

Price gains remained subdued across the U.S. economy in September, keeping a key gauge of inflation below the Federal Reserve’s 2% target for a 29th consecutive month. The price index for personal consumption expenditures, which is the...



The Fall's Best New TV Show Is Actually Fun to Watch

Yesterday I reviewed “Olive Kitteridge,” an HBO miniseries premiering this Sunday night. The show, as I wrote, is intimate and finely acted. It’s also, like so much great television these days...



The Kuroda Bazooka Round Two

Bank of Japan Gov. Haruhiko Kuroda answers questions during a news conference in Tokyo on Oct. 7, 2014. Agence France-Presse/Getty Images Faced with fresh evidence that his bold campaign to end deflation was losing steam, Bank of Japan Gov. Haruhiko...



Asians Feel Rich and Happy–Pew Study

  Asians are the most optimistic about the future, according to a study by Pew Research Center. Here, a Chinese woman laughs during a social dance with a man at Ritan Park in Beijing. Associated Press People in emerging markets are happier than...



Listening to California Parks People Discuss Climate Change

Some random highlights: I watched a 20 minute presentation in which a woman from LA parks talked repeatedly about the urban heat island being a result of global warming I just saw that California State Parks, which is constantly short of money and...



Wal-Mart Weighs Matching Web Prices

Wal-Mart is testing a program to match online prices from rivals like Amazon this holiday season, a move that could make the discounter more competitive but cut into...



The 29 States Where You Can Still Be Fired For Being Gay

Tim Cook came out as gay in an essay in Businessweek on Thursday. He said that the unequal treatment LGBT employees face all over the country was a critical factor in his decision. "I’ve had the good fortune to work at a company that loves...



What Can Vampires Teach Us About Economics? Full Transcript

This is a transcript of the Freakonomics Radio podcast “What Can Vampires Teach Us About Economics?“   [MUSIC: Arturo Sacchetti, “Toccata Und Fugue in D Minor” (from Organ Masterworks)]   Stephen J....



'BEA: Real GDP increased at 3.5% Annualized Rate in Q3'

 Calculated Risk: BEA: Real GDP increased at 3.5% Annualized Rate in Q3: From the BEA: Gross Domestic Product, Third Quarter 2014 (Advance Estimate) Real gross domestic product -- the value of the production of goods and services in the...



YELLEN: Would More Diversity Among Economists Have Helped Prevent The Financial Crisis?

Janet Yellen, the first female chair of the Federal Reserve, is giving welcoming remarks this morning at the Fed's National Summit on Diversity in the Economics Profession in Washington. In her speech, Yellen noted that both economics and finance...



Most Ebola Patients in the U.S. Survive. Half in Africa Die. Why Are We Letting This Happen?

This week’s news on Ebola should make you breathe a sigh of relief—and seethe with anger.The news is the recovery of Amber Vinson, the nurse who got Ebola while treating...



Dollar Rises on Upbeat Fed

The dollar rose early in Europe after the Fed caught the market off guard as it adopted a more optimistic tone on the...



America's Path To Energy Independence In One Chart

The US is well on its way to energy independence. The share of oil consumed by Americans that was produced in the US has sharply increased over the last 10 years, according to the Department of Energy. Back in 2005, less than 70% of oil consumed by...



A Hedge Fund Manager Vanished After Credit Suisse Accidentally Wired Him $1.5 Million

Last January, Credit Suisse wired $1.5 million to hedge fund manager Joseph B. Galbraith. One month later he disappeared off the map. According to a New York Times report, two weeks after Credit Suisse wired the money in three transactions to...



Einhorn Transforms BioFuel Energy Into A Real Estate Business

BioFuel changed its name to Green Brick Partners Inc. and now trades under the ticker symbol GRBK on the NasdaqBioFuel Energy Corp., the former ethanol producer, has transformed into Green Brick Partners Inc (NASDAQ:GRBK) , a successful homebuilder, with...



The Fed’s Quantitative Easing Officially Ends

by Collin MartinOctober 29, 2014 The Fed announced the conclusion of their bond buying program, with all eyes now on the timing of the first rate hike. ...



Summers: Reflections on the new 'Secular Stagnation hypothesis'

In case you just can't get enough of Larry Summers talking about secular stagnation: Reflections on the new 'Secular Stagnation hypothesis', by Larry Summers, Vox EU: The notion that Europe and other advanced economies are...



Little 'like' for Facebook apps

For all of Facebook's success in turning mobile into a booming business, one problem remains: bad user...



If You Had A Verizon Family Plan In The 2000s, There's Some Cash Coming Your Way

Verizon agreed to a proposed settlement last week under which it would pay $64.2 million to settle claims that it overcharged customers who signed up for family plans. Family SharePlan customers were allegedly billed for in-network calls that were...



Fed’s Axis of Opposition Shifts from Hawks to Doves

The Federal Reserve’s decision Wednesday to end its bond-buying program helped moved  the needle of formal opposition at the central bank from the camp of officials opposed to its ultra-easy credit policies to the group wanting them to...



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Starboard Succeeds in Replacing Entire Darden Board

Starboard Value LP succeeded in replacing the entire board of Darden Restaurants, according to a preliminary count of the vote of...



At the Oregon Economic Forum: Introducing Doug Elliott: "Making Wall Street Work for Main Street

I am very happy to be here this morning to introduce the Oregon Economic Forum's Keynote Speaker, Doug Elliott of the Brookings Institution, and to set the stage for his talk. To do that, let me ask all of you to cast yourselves back to 2006, to...



Hillary Clinton Sounds Populist Tone While Avoiding Bank Discussion

After saying businesses don't create jobs, Clinton seems to take up a populist issue while avoiding her real weak spotIs Hillary Clinton turning to the hard left so as to deflect the growing criticism of her little questioned ties to the large...



Girl Power Anthems Continue to Dominate Billboard Hot 100

Source: Epic Records Pop female artists are definitely on a roll right now. For a record-breaking fifth week in a row, women are dominating all of the top five spots on the Billboard Hot 100, with Meghan Trainor in the lead. Trainor’s “All...



Wonkblog: Jean Tirole won the 2014 Nobel Prize in Economics for actually showing us how the real world works

Economists can tell us a lot about markets where there's perfect competition, but what about the real world? You know, that place where there are only a few big companies fighting — or maybe not — against each other. What should the...



David Einhorn Pitched SunEdison At A Conference And The Stock's Going Gangbusters

Billionaire hedge fund manager David Einhorn, who runs Greenlight Capital, pitched SunEdison as a long at the Robin Hood Investors Conference, according to a source who's present. The semi-conductor's stock has jumped about...



Canadian Pacific Turnaround Under Ackman a Sign of Next M&A Wave

NEW YORK (TheStreet) -- Corporate restructurings through asset sales,amanagement change and operational improvementamay be laying the foundation foraa new wave of large acquisitions, as C-suites look to M&A as the finalastep in a turnaround. Deal...



Janet Yellen is Wrong About the Cause of Wealth Inequality

Fed Chair Janet Yellen said in a speech on the subject on Friday, that she is “greatly concerned by the extent, and continuing increase, of wealth inequality in the United States.”, noting the “significant income and...



Six reasons why Microsoft's 'karma' is bad for women

Satya Nadella urged women to trust the system, but his own company has a chequered reputation when it comes to female...



Lower oil prices

For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in September Brent started moving below $100 and now stands at $90 a barrel, and the spread over U.S....



'How will Saudi Arabia Respond to Lower Oil Prices?'

Jim Hamilton: How will Saudi Arabia respond to lower oil prices?: Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks...



Where’s my flying hoverboard? (Back to the Future)

From The Daily Beast: Greg and Jill Henderson, founders of Hendo, have developed a real hoverboard. Yes, the flying skateboard that millions of moviegoers have wished were real since Back to the Future Part II premiered back in 1989 may become the...