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Report: China Ministry posted bootleg 'Liar's Poker'

Bootlegged copy of best-seller about Wall Street posted on site of agency responsible for country's intellectual property

Paul Krugman: Europe’s Many Economic Disasters

Was the creation of the euro a mistake? Should it be eliminated?: Europe’s Many Economic Disasters, by Paul Krugman, Commentary, NY Times:... Why are there so many economic disasters in Europe? Actually, what’s striking at this point is how...

Why Did Alibaba’s Jack Ma Just Buy 28,100 Acres in Upstate New York?

Chinese billionaire Jack Ma just shelled out $23 million for a property in New York's Adirondacks that was once owned by William A. Rockefeller, Jr. But that's no dent in Ma's overstuffed wallet. The co-founder and acting chairman of...Show More Summary

Goldman Sachs (NYSE: GS) Is Going to Work for You

It's true! Starting sometime next year, Goldman Sachs Group Inc. (NYSE: GS) is going to start lending money to the 99%. But don't bother getting all suited up with hat in hand for a visit to a local branch of Goldman Sachs Bank USA (with...Show More Summary

Barrack Obama Tells Another Whopper—–He Did Not Create 12.8 Million Jobs

America is better off when President Obama is out on the stump bloviating and boasting rather than in Washington actively doing harm. But the whoppers he just told the students at the University of Wisconsin are beyond the pale. Said our spinmeister-in-chief:  And the unemployment rate is now down to 5.3 percent. (Applause.) Keep in mind, when I…

The Best Demographic Trends of the Century

Greece is not the place to be right now. Its citizens are capped out at $67 a day on the ATM. Its pensioners are pinching pennies. Its doctors are leaving

Liveblogging the American Revolution: July 3, 1777: Siege of Fort Ticonderoga

Wikipedia: [Siege of Fort Ticonderoga (1777)]( >The 1777 Siege of Fort Ticonderoga occurred between 2 and 6 July 1777 at Fort Ticonderoga, near the southern end of Lake Champlain in the state of New York. Show More Summary

Greek Banks Down to Last €500 Million; Vote for Servitude Takes Slight Lead; IMF Says Greece Needs Another €60 Billion Bailout

Greece Roundup A "yes" vote in favor of servitude has now reached a slight majority according to some Greece referendum polls. How accurate the polls are is an issue. Yanis Varoufakis, Greece’s finance minister, said he would resign if Greeks voted Yes in Sunday’s referendum on the country’s bailout. Show More Summary

Some BP Settlement Math: When is $18.7B really only $11.7B?

After yesterday's announcement of a tentative settlement between BP and federal and state negotiators, BP has provided details of the payment schedule for the $18.7B settlement. The settlement consists of payments for civil penalties ($5.5B), natural resource damages ($7.33B), and state damages ($4.9B) over 18 years. An additional $1B is...

Schedule for Week of July 5, 2015

It feels like a Saturday...The key report this coming week is the May Trade Deficit on Tuesday, and the June ISM non-manufacturing index on Monday.Fed Chair Janet Yellen speaks on Friday on the U.S. Economic Outlook. ----- Monday, July 6th ----- 10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI). Show More Summary

Insurer Aetna to buy Humana for $37 billion

Insurance giants bulk up as competition intensifies for growing Medicare and Medicaid business

Uber halts low-cost service in France

Move to suspend UberPop follows crackdown by law enforcement and fierce protests by taxi drivers

Greece’s Debt – The Numbers

Key numbers from a report on Greek debt as the country faces a critical referendum.

ECB Has the Tools To Deal with Greek Vote Result, Says Vice-President

The European Central Bank has the tools to deal with any situation that may emerge from Greece’s looming referendum, the bank's vice-president Vitor Constancio said.

Sacramento Bee Reports on CalPERS’ Fee Lapses

CalPERS is in even more hot water as the influential Sacramento Bee raises its eyebrows about CalPERS' lack of attentiveness about fees.

Made in the USA: 7 of the best cars made here

This ranking of American-made vehicles goes beyond the percentage of domestic parts to include assembly, profits and jobs

Too many patients, not enough doctors

A sobering new study sees a shortage of between 46,000 and 90,000 physicians by 2025 -- and good luck finding a specialist

Best of Enemies

I recently had the pleasure of seeing several films at the Nantucket Film Festival. My favorite was Best of Enemies, a documentary about the TV debates between William Buckley and Gore Vidal during the 1968 presidential nominating conventions. It is being released later this month. Here is the trailer:

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