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Philly taxi firms file suit against Uber X

Companies: Uber is unfair competition to medallion owners, who have to operate under state laws and regulations

Happy Holidays!

Happy Holidays and Merry Christmas to All!Out through the fields and the woodsAnd over the walls I have wended;I have climbed the hills of viewAnd looked at the world, and descended;I have come by the highway home,And lo, it is ended.The...Show More Summary

Citigroup to sell Japan retail bank unit

Citigroup said it also is considering selling its credit card business in Japan, separately

Jobs, Economy and Stocks Gain as Year Closes

Morning Money Memo… Major markets in the U.S. and Europe are closed today for Christmas. The Dow finished up just 6 points yesterday, enough to set yet another new record for the index at 18,030. Markets will end the week with good news in hand,...

12 stores with great return policies

Saddled with the frustrating task of dealing with cumbersome return policies? Check out these retailers who have made it easier

As mobile shopping booms, so do problems

Many consumers aren't happy about what often happens when they try to shop via a mobile device

Vox's Holiday Break

The Editors wish to thank all our readers and wish them a healthful and restful holiday break. Vox will start posting again on 2 January 2014. 

The Airing of the Grievances

For those who came in late, Festivus — I’m not big on the whole forced cheeriness of Xmas, as readers can probably, by this point, imagine — is normally celebrated on December 23. However, because Festivus really is for the rest of us, Festivus can also be celebrated at any time, so here we go! […]

Links 12/25/14

How a firefly lights up: Researchers reveal the secrets of the incredible ‘lantern’ structure the insects use to glow Daily Mail Gunmaker staring down $1B in debt as gun sales slump New York Post. Cerberus. Leon Black Takes On Paul Singer in Showdown Over $25 Billion Caesars Debt Bloomberg How a Top Obama Crony Moved […]

Noted for Your Evening Procrastination for December 24, 2014

Over at [Equitable Growth](http://EquitableGrowth.org)--[The Equitablog](http://equitablegrowth.org/blog) [James Heckman (1995): Cracked Bell](http://equitablegrowth.org/2014/12/24/evening-must-read-james-heckman-1995-cracked-bell/)...Show More Summary

"Mortgage Rates Match December Highs"

30 year mortgage rates moved up a little today, but are way down from 4.60% a year ago.From Matthew Graham at Mortgage News Daily: Mortgage Rates Match December HighsMortgage rates continued higher today as lenders opted for typically conservative holiday pricing strategies. Show More Summary

What went wrong in Brazil?

Back in 2012, Paul Krugman did a post praising the “New Economic Policy” in Latin America, which focused on reducing inequality.  A few weeks later he singled out Argentina and Brazil for special praise: Just to be clear, I think Brazil is going pretty well, and has had good leadership. But why exactly is Brazil […]

The French experiment: Laffer >>>>>>> Piketty

(December 24, 2014 06:14 PM, by Scott Sumner) What an unmitigated disaster for Pikettynomics! PARIS (Reuters) - When President Francois Hollande unveiled a "super-tax" on the rich in 2012, some feared an exodus of business, sporting and artistic talent. One adviser warned it was a Socialist step too... (0 COMMENTS)

For David Ignatius, Wrecking the Economy Is a Credential

That's right, he complains that Elizabeth Warren opposed Larry Summers' nomination for Federal Reserve Board chair even though he played a central role in designing the policies that led to the housing bubble and the subsequent collapse. Show More Summary

JetBlue offers to fly police to NYPD officer funerals

Airline to provide free flights to U.S. law enforcement representatives who wish to attend the services of slain NYC officers

Why Florida Is My Favorite State

(December 24, 2014 04:02 PM, by Bryan Caplan) Greg Mankiw wonders why Florida is my favorite state. I'm happy to answer, but must begin with a methodological preamble.In a revealed preference sense, everyone's "favorite state" almost has to be wherever he resides. If I really preferred Florida to... (0 COMMENTS)

Round Two of Greek Presidential Election Fails; One More Chance or National Elections

Rounds one and two of Greek presidential elections ended in failure. Recall that it takes a super-majority of 60% of parliament (200 votes), to elect a president, in the first two attempts. The third an final chance takes 180 votes.Even...Show More Summary

Ten Economic Questions for 2015

Here is a review of the Ten Economic Questions for 2014.There are always many questions for the new year. There are international economic issues with Russia in recession, Europe struggling and China slowing. There are always problems...Show More Summary

2:00PM Water Cooler 12/24/14

Today's Water Cooler: Dow 18,000, jobless claims, Warren, Clinton, and Bush, wage stagnation, and the geographical distribution of "dude."

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