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New York City's police unions need to get a grip

The brazen murder of NYPD officers Wenjian Liu and Rafael Ramos, shot to death last weekend by Ismaaiyl Brinsley in some horribly misguided attempt at retribution over the deaths of Eric Garner and Michael Brown, is a tragedy. But it...Show More Summary

Sony Corp (SNE)’s ‘The Interview’ Is A Top Seller For Google Inc (GOOGL)

Google Inc (NASDAQ:GOOGL)’s decision to help release Sony Corp (ADR) (NYSE:SNE)’s “The Interview” seems to be paying off as the controversial movie is now the best-selling movie on YouTube Movies and Google Play. As noted by Variety’s Dave McNary, Google Inc (NASDAQ:GOOGL)’s pair of movie sites is showing the Sony Corp (ADR) (NYSE:SNE) movie as […]

The ISIS caliphate is already crumbling

It turns out that the Islamic State, which seized large swathes of territory in Iraq and Syria this year, is not so good at the whole running a state thing. According to The Washington Post, areas under ISIS' control are rapidly falling...Show More Summary

The lucrative Obamacare connection that Jeb Bush is trying to cut

The for-profit hospital chain Tenet Healthcare announced on Christmas Eve that Jeb Bush would be stepping down from its board of directors by the end of the year. Bush, who has served on the board of Tenet since 2007, is starting to cut his business ties as he explores a run for the 2016 Republican presidential nomination. […]

Mourners mark 10th anniversary of Indian Ocean tsunami

Mourners gathered across Asia on Friday with beachside memorials and religious services to honor those lost in the Indian Ocean tsunami 10 years ago. The Dec. 6, 2004 tsunami killed about 230,000 people and was "one of modern history's worst natural disasters," The Associated Press notes. Show More Summary

Hacker Claims Credit for Xbox, PlayStation Problems

Damian Dovarganes/AP Microsoft's (MSFT) Xbox Live and Sony's (SNE) PlayStation Networks experienced user connection problems on Christmas Day. A hacker group called Lizard Squad claimed responsibility, but the companies did not giveShow More Summary

Hong Kong stops Namibian oyster imports

Hong Kong has suspended imports of live oysters from Walvis Bay after a high percentage of cadmium was detected in oyster samples. ||| Windhoek - The Centre for Food Safety of the Hong Kong administration has suspended imports of live...Show More Summary

Did The Saudis And The US Collude In Dropping Oil Prices?

Submitted by Andrew Topf via, The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through...Show More Summary

New Jobless Claims Again Better Than Expected

In the week ending December 20, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 9,000 from the previous week's unrevised level of 289,000. The 4-week moving average was 290,250, a decrease of 8,500 from the previous week's unrevised average of 298,750.

Uber CEO Travis Kalanick Indicted In South Korea

Seoul officials have found Uber and its Korean business partner in violation of local transportation laws. Uber's aggressive expansion into Asia has hit a roadblock in South Korea: CEO Travis Kalanick and the head of its partner business in the country, MK Korea Co., have been indicted there. Read Full Story

Jobless Claims Better Than Expected

With the release coming one day earlier than normal due to the Christmas Holiday, jobless claims provided some holiday cheer with a better than expected print. While economists were expecting claims to come in at a level of 290K, the...Show More Summary

Dow Jones index breaches 18 000 level

THE DOW Jones industrial average rose above 18 000 points in intraday trade yesterday for the first time as faster-than-forecast growth in gross domestic product (GDP) boosted confidence in the economy. ||| THE DOW Jones industrial average...Show More Summary

Wednesday: Unemployment Claims

From the WSJ: U.S. Economy Posts Strongest Growth in More Than a DecadeU.S. gross domestic product, the fullest measure of economic output, was shown in the Commerce Department’s third estimate to have expanded at a 5% pace in the third...Show More Summary

No bull: 2015 stock market expected to grow — just not as much

The stock market is expected to continue to be kind to investors in the new year but with more humble gains than the last three years.

Christmas At The White House (In 1 Cartoon)

The global wish-granter-in-chief... Source: Investors

The Competitive Sieve and the Burden of Proof

(December 26, 2014 06:45 PM, by Bryan Caplan) Normal 0 false false false MicrosoftInternetExplorer4 A great quote, from someone you wouldn't expect. Your guesses in the comments.Competition is like water held in a sieve. To argue that competition does not exist because it is absent somewhere is... (0 COMMENTS)

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