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Links for 03-28-15

Hidden Healthcare Horrors - Paul Krugman John Maynard Keynes on the Trade Cycle - Brad DeLong How long commutes worsen inequality - Mark Thoma Deflation: the modern policy bogeyman - Gillian Tett Normalizing Monetary Policy: Prospects and Perspectives -...



Is Finland’s Economy Suffering From Secular Stagnation?

“After the Great Depression, secular stagnation turned out to be a figment of economists’ imaginations……it is still too soon to tell if this will also be the case after the Great Recession. However, the risks of...



Citadel to Shut Down Dark Pool

Citadel Securities plans to shut down its Apogee “dark pool” in the U.S., as it focuses on its faster-growing off-exchange trading...



Intel in Talks to Buy Chip Maker Altera

Intel is in advanced talks to buy Altera—a maker of programmable semiconductors used in phone networks and cars—in a deal that would be the computer chip-making giant’s largest takeover...



Fed's Janet Yellen Pitches Cautious Tack on Rate Increases

Federal Reserve Chairwoman Janet Yellen laid out a case for a “gradualist approach” to interest-rate increases in the years ahead, spelling out in greater detail than she has before the risks of moving too aggressively to tighten U.S....



Yellen, Normalizing Monetary Policy: Prospects and Perspectives

Speech at the Federal Reserve Bank of San Francisco, San Francisco,...



American Apparel (APP) CEO Dov Charney Is Back, Back Again…

American Apparel CEO Dov Is Back, Back Again… by Todd Sullivan ValuePlays This reminds me of the chorus in  Eminem’s “Guess Who’s Back” : Guess who’s back, back again Shady’s back, tell a friend Guess...



Something at GameStop Doesn’t Add Up

  So $GME reported last night and in an attempt to quash the inevitable “is digital eating your business” questions, the company made sure in print […] The post Something at GameStop Doesn’t Add Up...



Fed’s Stanley Fischer Takes Aim At Unregulated Derivatives, Hedge Funds

Noting the nonbank financial sector in the U.S. was never this large, Stanley Fischer, the powerful vice chairman of the U.S. Federal Reserve, called for large U.S. asset managers and other nonbank financial firms to be subject to regulatory arm of the...



'Microeconomic Origins of Macroeconomic Tail Risks'

Microfoundations from Acemogl, Oxdaglar, and Tahbaz-salehi: Microeconomic origins of macroeconomic tail risks, by Daron Acemoglu, Asuman Ozdaglar, and Alireza Tahbaz-Salehi: Understanding large economic downturns is one of macroeconomics’ central...



LightSquared’s Restructuring Plan Gets Nod From Judge

LightSquared secured a judge’s approval on Thursday for its restructuring plan, an elusive milestone for Philip Falcone’s ambitious wireless venture that went bankrupt nearly three years ago. The approved plan was the latest in at least a...



Has Japan's 'Big Bazooka' Misfired?

Japan is drifting back toward deflation, underscoring the continuing difficulties in pulling the world’s third-largest economy out of its long...



A Tale Of Two Economies: Singapore And Cuba



Mohandas Gandhi (1) vs. Philip K. Dick (2); Hobbes advances

All of yesterday‘s best comments were in favor of the political philosopher. Adam writes: With Hobbes, the seminar would be “nasty, brutish, and short.” And it would degenerate into a “war of all against all.” In other...



5 Costco Kirkland Signature Products May Be Just As Good As Name Brands

(photographybynatalia)Costco members know they can often get a decent price on name-brand kitchen staples by shopping in bulk at the warehouse store. But if you’ve been ignoring the company’s store-brand Kirkland Signature line of...



Omega Advisors’ Leon Cooperman Receives Subpoena

A major hedge fund manager, coming off a difficult 2014, just got hit again, being subject of a subpoena from the U.S. Attorney’s Office in New Jersey and the Securities and Exchange Commission. Leon Cooperman receives subpoena, investigation in...



Federal Reserve survey provides information on mobile financial services



George Will on Free Trade and the Price of a Starbucks Latte

Dean Baker reads George Will so we don’t have to: Will seems to think that we could not get people to work hard to master skills or to be great innovators if they didn't have the prospect of earning billions or tens of billions of dollars....



Public’s Feeling on Taxes Has Distinct Divide: Pew Survey

More than 60% of the American public believes some corporations and wealthy American’s aren’t paying enough in...



F8: Facebook Unveils Messenger Platform, Businesses on Messenger

As previously speculated, Facebook announced at its F8 global developers conference in San Francisco Wednesday that its Messenger application has been opened up to third-party developers. The social network worked with more than 40 developers...



Animal Shelter Infomercial Spoofs Show Incredible Household Uses For Cats And Dogs

image via youtube screen capture Pets: Is there anything they can’t do?  That’s the thrust of a new series of infomercial-spoofing ads,...



Morning News: March 26, 2015

Asian Stocks Are Getting Smoked Why Bombing This Tiny Oil Producer Is Roiling the Energy Market Oil, Gold and Yen Up on Yemen Tensions The Central Banker Who Saved the Russian Economy From the Abyss Trans-Pacific Partnership Seen as Door for Foreign...



What It Means Now That Facebook Is Serious About Taking on YouTube

SAN DIEGO, CALIF. (TheStreet) -- Facebook provided further proof Wednesday that it aims to be a real power-player in online video, an area dominated by Google's YouTube. At the company's F8 developer...



Ten Things About Living Longer In Retirement [INFOGRAHIC]

There are so many things to consider as you approach retirement—it really is a life-changing event. Spreading out your savings for a longer life isn’t simply a matter of money. It depends on what lifestyle you want, your family situation and...



'Fed Should Push Unemployment Well Below 5%, Paper Says'

Larry Ball tells the Fed to be very patient when it comes to satisfying its mandate to pursue full employment: Fed Should Push Unemployment Well Below 5%, Paper Says: The Federal Reserve should hold short-term interest rates near zero long enough to...



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Net Neutering and Innovation -- Would Google Even Exist Under These New Rules?

From Gordon Crovitz at the WSJ  FCC Chairman Tom Wheeler justified Obamanet by saying the Internet is “simply too important to be left without rules and without a referee.” He got it backward: Light-handed regulation made today’s...



Lumber Liquidators cancels conference presentation, tells investors it will report back next Thursday (LL)

Lumber Liquidators will get back to you.  In an announcement on Wednesday morning, the company said that it would not participate in the Raymond James Annual Institutional Investors Conference being held today. The company will, however, hold a...



Lumber Liquidators (LL) Halted After ’60 Minutes’ Report

Lumber Liquidators shares plummeted after 60 Minutes aired a report stating that the company’s floors failed safety tests in California. This morning the company’s shares were halted for a time pending the release of news. By the...



Bill Ackman Discusses Herbalife FBI News [VIDEO]

Bill Ackman was on CNBC this morning to discuss the latest in the Herbalife saga. Stay tuned for analysis and for more clips, as he will be doing the rounds and will be on Bloomberg later. Below are the clips CNBC’s Scott Wapner and Bill...



Net Neutrality's Babes in Toyland

Netflix, Google and Tumblr sent the Internet into Washington’s heart of...



Mark Cuban: We're in a Tech Bubble -- And It's Worse Than 2000

The Dallas Mavericks owner and dot-com entrepreneur warns against the current mania of investment in apps and other smaller tech...



Slow Sales Lead To Tesla Motors Inc Layoffs In China

Rumors have been swirling for some time that Tesla’s China sales had dropped off after a strong start, and that some kind of a restructuring was imminent. The electric vehicle maker’s management made it official an Monday, announcing...



Yahoo! Inc. Getting Closer to Starboard Value’s $500 million mark

Yahoo! Inc. (NASDAQ:YHOO) isn’t exactly a flourishing business as of now, and therefore whatever advice the company’s CEO, Marissa Mayer can take from its investors that could potentially shake things up, hopefully in the right...



Steve Wynn and his ex-wife are fighting over her seat on the Wynn Resorts board

Steve Wynn won't renominate his ex-wife, longtime shareholder and former director Elaine Wynn, to the Wynn Resorts board next month, and she's not taking the news well. In a letter written last month, Elaine Wynn told the board she would...



Vanguard and BlackRock Are Raising Their Voices

Vanguard Group and BlackRock, giant fund managers once known for quiet relationships with the companies in which they invest, say they are getting more...



Netflix, Inc. (NFLX) Reneges On Net Neutrality Position, Says L. Gordon Crovitz

Netflix, Inc. (NASDAQ:NFLX) has gone back on its position of back strong Net Neutrality rules, a post from The Wall Street Journal’s L. Gordon Crovitz ventures. According to Crovitz, David Wells, Netflix chief financial officer, disclosed at the...



Clinton Only Used Personal Email at State Department

Hillary Clinton “exclusively used a personal email account to conduct government business as secretary of state, State Department officials said, and may have violated federal requirements that officials’ correspondence be retained as...



Fed shifts power away from New York

The New York Federal Reserve Bank's regulatory power shifted to a committee in Washington, the WSJ reported on...



Target to cut thousands of jobs

Target's CEO said the company will cut several thousand jobs within the next two years as part of a cost savings...



Credit Suisse replaces CEO with insurance exec

Insurance executive Tidjane Thiam takes over from Brady Dougan as Credit Suisse CEO in...