Most stocks rose modestly on Friday, pushing the S&P to another high and vaulting Nasdaq even further into new territory
Speculation abounds about the cable giant's future moves now that it pulled the plug on its play for Time Warner Cable
The automaker reports one accident and two minor injuries from glitch that could cause unexpected openings while in motion
Harvard professor Roland Fryer, an economist who has done pioneering work on the sources and magnitude of racial inequality, won the John Bates Clark medal.
Interesting paper: No Price Like Home: Global House Prices, 1870-2012, by Katharina Knoll, Moritz Schularic, and Thomas Steger: Abstract: How have house prices evolved over the long?run? This paper presents annual house prices for 14 advanced economies since 1870. Based...
Recent decisions by the European Union's executive arm not to punish countries for violating fiscal rules, weaken their credibility and raise doubt on whether the EU's rules can be a basis for confidence, a member of the European Central Bank's Executive Board said.
John Cochrane weighs in on the discussion of unit roots: Unit roots, redux: Arnold Kling's askblog and Roger Farmer have a little exchange on GDP and unit roots. My two cents here. I did a lot of work on this...
The Federal Housing Administration (FHA) is sometimes maligned by critics as being “predatory.” I understand the private mortgage insurers (PMI) want to get back into the game and reduce the share of government mortgages insurers like the FHA, Fannie Mae and Freddie Mac. But calling the FHA predatory is downright bizarre. How about a little […]
Well, another Ontario budget has come and gone. The government still plans to balance its budget by 2017. According to the budget projections it will do this largely by increasing revenues and restricting expenditure growth. Between 2014/15 and 2017/18, revenues...
And actually decline, in dollar terms. Figure 1 displays total reserves and non-advanced country reserves, denominated in US dollars. Figure 1: Foreign exchange reserves, total (blue), and held by non-advanced countries (red), in trillions of USD. Source: IMF COFER. Note the drop in non-advanced country reserves in the last two quarters. The only drop of […]
In a move 100% guaranteed to blow up at a later date, the ECB Said to Start Buying Covered Bonds With Negative Yields. The European Central Bank started buying covered bonds with negative yields as its asset-purchase program reducesShow More Summary
Astronaut's return to Earth from lunar surface in 1971 included bringing item typically left behind to save weight
Today's Water Cooler: Clinton scandals, dynasties, German solar, Freddie Gray, Natasha McKenna, workers as corporate gut flora, Holder vid
From economists at Nomura: US Q1 GDP: It will likely show that final sales barely grew, but April data should be better.Adverse weather conditions, West Coast port disruptions, the stronger dollar and the decline in crude oil prices all likely hurt economic activity in Q1 2015. Show More Summary
Customer complaints about clutch trouble linked to 27 crashes and four minor injuries led to safety move by manufacturer
Durable goods orders are somewhat of a mixed bag today, but beneath the headline rise, weakness is easy to find. The Bloomberg Consensus was for a 0.5% rise, and the actual result was a whopping 4% gain due to transportation. Yet, transportation...Show More Summary
Mary Barra nets 74 percent of the cash incentives she could have received after tumultuous start at the helm of automaker
Nick Bunker: Monopsony and market power in the labor market: We’ve all heard the term “monopoly,” even if it’s just in the context of the board game. But a related term, or even another face of monopoly, is monopsony. A...
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for March 2015. In the past month, the indexes increased in 41 states, decreased in four, and remained stable in five, for a one-month diffusion index of 74. Show More Summary
(April 24, 2015 01:51 PM, by David Henderson) Yesterday, I posted the first part of my 1987 review of the late Barbara Bergmann's book The Economic Emergence of Women. Here's the next part: To combat discrimination against women, Bergmann would have the government step up its enforcement of... (0 COMMENTS)