Discussions

Is plutocracy really the problem?

Is plutocracy really the problem?


Via: bob-nelson  •  Stock Market & Investments  •  3 Comments  •  one month ago

WHY did the policy response to the Great Recession only partly reflect the lessons learned from the Great Depression? Until recently, the smart money was on the answers given by Financial Times...
A better way to tax the rich

A better way to tax the rich


Via: bob-nelson  •  Stock Market & Investments  •  47 Comments  •  one month ago

Deficit Man and the 2020 Election

Deficit Man and the 2020 Election


Via: bob-nelson  •  Stock Market & Investments  •  3 Comments  •  one month ago

I’ve seen a number of people suggest that the 2020 election will be a sort of test: Can a sufficiently terrible president lose an election despite a good economy? And that is, in fact, the test...
Paul Krugman, Tuesday, July 16, 2019

Paul Krugman, Tuesday, July 16, 2019


Via: bob-nelson  •  Stock Market & Investments  •  10 Comments  •  one month ago

Two weeks ago Michael Dunleavy, the Republican governor of Alaska, decided that it would be better to destroy his state’s future than to raise taxes, even a little. The thing is, his actions,...
Hunching over phones could cause horn-like bone growth

Hunching over phones could cause horn-like bone growth


Via: perrie-halpern  •  Stock Market & Investments  •  24 Comments  •  2 months ago

The recrudescence of zero-sum thinking

The recrudescence of zero-sum thinking


Via: bob-nelson  •  Stock Market & Investments  •  2 Comments  •  2 months ago

President Trump believes we live in a zero-sum world in which one country’s gain is another’s loss. This is evident in his reaction to Mario Draghi’s comment this week that additional monetary...
The Big Question for the Fed This Week: Did We Make a Mistake?

The Big Question for the Fed This Week: Did We Make a Mistake?


Via: bob-nelson  •  Stock Market & Investments  •  33 Comments  •  2 months ago

Central bankers pride themselves on being the grown-ups of economic policy. They want it known they’re basing their decisions on sound economics rather than political considerations. They wish...
Why Boeing May Never Recover From Its 737 Debacle

Why Boeing May Never Recover From Its 737 Debacle


Via: bob-nelson  •  Stock Market & Investments  •  1 Comments  •  2 months ago

Most of us are familiar with the acronym “FUBAR.” A recent New York Times article on the Boeing 737 fiasco provides a perfect illustration of the concept. We’re now learning that the company...
‘Socialism for the rich’: the evils of bad economics

‘Socialism for the rich’: the evils of bad economics


Via: bob-nelson  •  Stock Market & Investments  •  121 Comments  •  2 months ago

In most rich countries, inequality is rising, and has been rising for some time. Many people believe this is a problem, but, equally, many think there’s not much we can do about it. After all, the...
Fossil fuels are underpriced by a whopping $5.2 trillion

Fossil fuels are underpriced by a whopping $5.2 trillion


Via: bob-nelson  •  Stock Market & Investments  •  15 Comments  •  3 months ago

The world’s top climate scientists calculated in a startling report last year that if we want to limit global warming to 1.5 degrees Celsius this century to avoid devastating social and economic...
Boeing Is a Perfect Parable for 21st-Century Capitalism

Boeing Is a Perfect Parable for 21st-Century Capitalism


Via: bob-nelson  •  Stock Market & Investments  •  6 Comments  •  4 months ago

Wikipedia A veteran commercial pilot and software engineer with over three decades of experience has just written the most damning account of the recent Boeing 737 fiasco. At one level, author...
Clean copy: Bernie Sanders and the Myth of the 1 Percent

Clean copy: Bernie Sanders and the Myth of the 1 Percent


Via: bob-nelson  •  Stock Market & Investments  •  47 Comments  •  4 months ago

A peculiar chapter in the 2020 presidential race ended Monday, when Bernie Sanders, after months of foot-dragging, finally released his tax returns. The odd thing was that the returns appear to...
Steve Moore

Steve Moore


Via: bob-nelson  •  Stock Market & Investments  •  4 Comments  •  4 months ago

I am still recovering from my joint appearance at San Francisco's Commonwealth Club with Steve Moore, and my having to listen to an extraordinary number of things from his mouth that simply...
STOCK MARKET: Blackstone CEO Schwarzman Makes $573 Million in One Day as Shares Jump

STOCK MARKET: Blackstone CEO Schwarzman Makes $573 Million in One Day as Shares Jump


Via: krishna  •  Stock Market & Investments  •  21 Comments  •  4 months ago

Photo credit: Lugen Family Office A plan by the giant U.S. private-equity firm Blackstone Group (BX - Get Report)  to convert from a partnership into a stock corporation sent the company's...
Consumer Reports reviews popular online tax-prep services — and finds a few problems

Consumer Reports reviews popular online tax-prep services — and finds a few problems


Via: perrie-halpern  •  Stock Market & Investments  •  2 Comments  •  5 months ago

By Herb Weisbaum Do-it-yourself online tax preparation services promise expert advice and “guarantee” to maximize your refund. But can they live up to these claims? Consumer Reports reviewed...
Holy Voodoo, Batman!

Holy Voodoo, Batman!


Via: bob-nelson  •  Stock Market & Investments  •  1 Comments  •  5 months ago

The 2019 Economic Report of the President is out, and everyone is having fun with the bit at the end that acknowledges the help of student interns – a list that includes Peter Parker, Aunt May,...
How UberEats uses data to help restaurants rebrand online, creating entirely new eateries

How UberEats uses data to help restaurants rebrand online, creating entirely new eateries


Via: perrie-halpern  •  Stock Market & Investments  •  12 Comments  •  6 months ago

 Sears wins reprieve from liquidation as Chairman Lampert makes last-minute bid on bankrupt company

Sears wins reprieve from liquidation as Chairman Lampert makes last-minute bid on bankrupt company


Via: perrie-halpern  •  Stock Market & Investments  •  24 Comments  •  8 months ago

By Lauren Hirsch, CNBC Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a bid in an effort to buy the retailer and keep it alive,...
Why we spend money on things we shouldn't (and how to break the cycle)

Why we spend money on things we shouldn't (and how to break the cycle)


Via: perrie-halpern  •  Stock Market & Investments  •  6 Comments  •  8 months ago

By Jean Chatzky I can’t really afford this, but I love it … I really shouldn’t have bought that, but I needed a pick me up … Is this what a spending hangover feels like? Sound familiar? Turns out...
Market gains for 2018 wiped out by plunging stocks

Market gains for 2018 wiped out by plunging stocks


Via: perrie-halpern  •  Stock Market & Investments  •  7 Comments  •  9 months ago

By Lucy Bayly The stock market slid dramatically on Tuesday after a slew of disappointing corporate earnings dragged down the Dow Jones Industrial Average and the S&P 500, erasing all gains...
Mainstream Economics Has Become a Celebration of the Wealthy Rentier Class

Mainstream Economics Has Become a Celebration of the Wealthy Rentier Class


Via: bob-nelson  •  Stock Market & Investments  •  1 Comments  •  11 months ago

To paraphrase Mark Twain, everyone complains about inequality, but nobody does anything about it. What they do is to use “inequality” as a takeoff point to project their own views on how to...
We’re Measuring the Economy All Wrong

We’re Measuring the Economy All Wrong


Via: bob-nelson  •  Stock Market & Investments  •  1 Comments  •  11 months ago

Ten years after the collapse of Lehman Brothers, the official economic statistics — the ones that fill news stories, television shows and presidential tweets — say that the American economy is...
The real Goldfinger: the London banker who broke the world

The real Goldfinger: the London banker who broke the world


Via: bob-nelson  •  Stock Market & Investments  •  1 Comments  •  last year

Every January, to coincide with the World Economic Forum in Davos, Oxfam tells us how much richer the world’s richest people have got. In 2016, their report showed that the wealthiest 62...
Tail Risks

Tail Risks


Via: bob-nelson  •  Stock Market & Investments  •  1 Comments  •  last year

Tail risks. Can we afford right now to think about tail risks? Probably not: right now what were our tail risks have become head risks, and given them and our day jobs we are all fully absorbed....
Ten years on, the Fed’s failings on Lehman Brothers are all too clear

Ten years on, the Fed’s failings on Lehman Brothers are all too clear


Via: bob-nelson  •  Stock Market & Investments  •  1 Comments  •  last year

The key policymakers have always maintained they had no choice but to let Lehman collapse. That’s simply not true. In 2007 Fortune magazine ranked Lehman Brothers investment bank number 1 on its...
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