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2:00PM Water Cooler 10/13/2015

Today's Water Cooler: TTIP and democracy, Eric Schmidt's weird Clinton startup, honey for the bears, class warfare and the brain, emojis

Hooray! Huge Rent Hikes Coming; How Will It Affect Price Inflation?

In news that is bound to make the inflationists at the Fed as well as property owners happy, Landlords Will Hike Rents by 8% this Year. Some 88% of property managers raised their rent in the last 12 months and 68% predict that rental...Show More Summary

An unfortunately named journal

A colleague received an email that alerted me to this one: Asian Social Science (ASS) is an international, double-blind peer-reviewed, open-access journal published by the Canadian Center of Science and Education. The journal focuses...Show More Summary

Grist: "This conservative economist makes the case for a carbon tax"

I quit reading the Grist a long time ago because they don't heart ("hate" is a very strong word) economists. But, they might be falling in love with one of them: N. Gregory Mankiw is, if not a household name, a dorm-room one. His Principles of Economics textbook is the...

New York AG probes drugmaker accused of price gouging

State regulator looking at whether Turing Pharmaceuticals violated antitrust rules by restricting access to 62-year-old drug

Twitter Says It’s Cutting Hundreds of Jobs Because “the World Needs a Strong Twitter”

Twitter said Tuesday that it will lay off up to 336 employees—or as much as 8 percent of its workforce—as part of an effort to slim down operations and refocus teams on “impactful priorities.” News of the cuts, which were announced in a filing with the U.S. Show More Summary

'Global Dovishness'

Paul Krugman: Global Dovishness: Tim Duy points us to a striking speech by Lael Brainard, who recently joined the Fed Board of Governors, which takes a notably more dovish line than we’ve been hearing from Yellen and Fischer. Basically, Brainard...

'A Stimulus Junkie's Lament'

Simon Wren-Lewis: One ‘stimulus junkie’ has already had a go at this FT piece by the chief economist of the German finance ministry... German officials need to be very careful before they claim that recent German macro performance justifies...

Holiday shopping countdown: 5 ways to stay on track

You may feel like you have all the time in the world to save and shop for the holidays, but those weeks can fly by in the blink of an eye

Fiscal offset of silly QE

This is (primarily) for Brits. 1. Suppose I normally buy 10 apples at $1 each. Then the government taxes me $3, buys 3 apples, and gives me those 3 apples. I will now buy 7 apples instead of 10. The...

Global Dovishness

Brainard makes the precautionary case against raising rates soon.

U.S. stocks mixed as investors eye earnings, deals

Transportation company Ryder System fell sharply after lowering its profit forecast for the third quarter

Eliminating Fair Share Fees and Making Public Employment “Right-to-Work” Would Increase the Pay Penalty for Working in State and Local Government

If the Supreme Court in Friedrichs v. California Teachers Association renders agency-shop clauses unenforceable for public employees, it will reduce public-employee compensation by increasing the pay penalty for working in state and local government.

"Freakonomics" author got students to admit cheating

Economist Steven Levitt says students have an incentive to cheat, and colleges need to up their game

Dutch Report Concludes MH17 Shot Down by Ground-to-Air BUK Missile; Puzzle Still Missing Pieces

The Dutch investigation into flight MH17, a shot down over Ukraine officially concluded today. The Official Report Confirms MH17 Shot Down by Missile. Dutch officials have confirmed that Malaysia Airlines flight MH17 was brought down...Show More Summary

The Extremely-Sharp Tim Duy Sees the Fed Moving Away from Contractionary Policy

[Over at Equitable Growth][1]: The extremely-sharp Tim Duy sees a much bigger potential impact than I do from Fed Governor Lael Brainard's recent speech telegraphing future dissents on her part if the Federal Reserve raises interest rates in the current situation. Show More Summary

GE sells some finance units to Wells Fargo

Industrial conglomerate continues to shed its financial units to focus on its core businesses

Britain and housing: joined at the hip

Britain’s recent economic past is closely tied with the fortunes of the housing market. It does not look like that will change any time soon.

FNC: Residential Property Values increased 5.5% year-over-year in August

In addition to Case-Shiller, and CoreLogic, I'm also watching the FNC, Zillow and several other house price indexes. FNC released their August 2015 index data today. FNC reported that their Residential Price Index™ (RPI) indicates that U.S. Show More Summary

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