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Walmart plans 20,000 holiday price cuts

The massive price promotions start Saturday, and the retail giant will also offer free shipping on some online purchases

Does Identity Politics Pay?

(October 31, 2014 12:03 AM, by Bryan Caplan) When I scoff at group identity, critics often call me naive. Won't anyone who heeds my advice to eschew identity politics end up being victimized by all the folks who do take their group identities with utmost seriousness? Then rational... (0 COMMENTS)

China’s GDP Growth: Less Than Meets the Eye?

Last week, China reported that its third-quarter GDP rose 7.3% compared to a year earlier. Although that was the slowest growth in more than five years, the results were generally considered good news. Maybe the optimism was misplac...

Will it matter when the Fed has “traction?”

People have made all sorts of arguments against “monetary offset,” but there’s only one that actually makes much sense.  The argument is that the Fed does not like doing “unconventional policies” like QE, because they feel “uncomfortable” with a large balance sheet.  (Put aside the fact that QE is perfectly conventional monetary policy–open market operations—and […]

Looking for a Good Education at a Low Price, Perhaps Free? Head to Europe

On June 7, 2014 I wrote Looking to Drastically Reduce College Costs? Study Abroad!Yesterday, a writer for the Washington Post expressed the same opinion.Please consider 7 countries where Americans can study at universities, in English, for free (or almost free). Show More Summary

Wikipedia: The value of open content production

Many organisations are developing open platforms to create, store, and share knowledge. This column analyses editing data by Wikipedia users to show how content creation by individuals generates significant ‘spillover’ benefits, encouraging others to contribute to the collective process of knowledge production.

LeBron buzz hits Cleveland and brings cash slam dunk

The return of No. 23 to the Cleveland Cavaliers has merchants as excited as fans

In Case You Were Wondering What Folks Who Rate Subprime MBS as AAA Think of the Creditworthiness of the U.S. Government

The Washington Post has the answer. It devotes an article to Moody's assessment of the financial situation of the U.S. government. Most people probably know of Moody's as one of the credit rating agencies that were paid tens of millions of dollars to rate mortgage backed securities as investment grade during the housing bubble years. Show More Summary

Friday: Personal Income and Outlays, Chicago PMI, Consumer Sentiment

From Freddie Mac: Mortgage Rates Rebound, Remain Below Four Percent Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher across the board this weekShow More Summary

Citigroup earns $600 million less than it thought

In slashing that amount from its recently reported third-quarter net income, the bank cited rising legal expenses

Starbucks shares slide on revenue disappointment

The coffee chain's earnings were in line with estimates, but its sales and outlook missed the mark

Wall Street jumps, powered by earnings and GDP

Visa's solid results led the Dow to a 221-point rise, but the S&P 500 and Nasdaq also ended higher on Thursday

In praise of the cockroach portfolio

Oct 30 (Reuters) – Everyone wants to be an eagle in investing and most fail, but the important thing to remember is: everyone can be a cockroach. The story of the past 25 years in investing is largely one of taking an increasingly complex and opportunistic approach, with much emphasis on illiquid and opaque holdings. […]

Judge OKs debt plan for bankrupt California city

Stockton, Calif., will reorganize $900 million in long-term debt in a plan to exit federal Chapter 9 protection

An interesting thing about rising interest rates

They'll be the Fed's next move, but here's why they won't necessarily mean businesses will cut back on their spending

Fed’s New Reverse Repo Terms Catch Wall Street’s Attention

Market participants say the Federal Reserve’s latest changes to a program aimed at controlling short-term interest rates show the central bank is edging ever closer to the day when it will raise interest rates.

U.S. turns heat up on Takata over airbag problem

Regulator presses Japanese company to provide information on deaths and injuries stemming from defective airbags

Verizon might owe you some money

That's because it's settling a lawsuit accusing it of overcharging many Family SharePlan users between 2002 and 2006

Why are IBM and Twitter joining forces?

Partnership between microblogger and Big Blue aims to help companies analyze their social data

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