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Tax Haven USA: The Vortex-Shaped Hole in Global Financial Transparency

Yves here. Nicholas Shaxson's landmark book on tax havens, Treasure Island, described how the US was the biggest sponsor of what Shaxson called "offshore," or tax havens and tax secrecy. He tells us how the US is working to keep it that way.

The surprising savings from mortgage refinancing

Way too many homeowners are missing out on the financial benefits that a refi may provide

Meet Allie, which shoots "720-degree" video

It records 360 degrees around and 360 up and down, and allows viewers to pan and zoom using any device

Snowstorm: New York Makes It Illegal to Be an Idiot

As often happens with snowstorms, the forecasters look to have gotten it a bit wrong, with supposedly epic snowfall of two feet plus for New York City now significantly downgraded by the Weather Channel, which has a bias to overpredict,...Show More Summary

The great data debate

‘The idea that we can somehow measure “the thing that matters most” is quite absurd’ As he appeals to the British public to vote him in as prime minister, the leader of the opposition proposes collecting new data to provide a better picture of how the country is doing. “Wellbeing can’t be measured by money […]

'The Mode of Production as Society's Structure'

Daniel Little: Figure: Althusser's conception of the CMP (RP Resch, Althusser and the Renewal of Marxist Social Theory) The mode of production as society's structure: Sociologists study social structure and the effects that structures have on individual behavior and life...

U.S. Shale Boom May Come To Abrupt End

U.S tight oil production from shale plays will fall more quickly than most assume.

Bob Goodwin: Why Deflated Footballs are a Big Problem for America

We thought we’d take advantage of this being a snow day for many readers and feature a post that looks off topic but actually relates to Naked Capitalism themes. Sports, particularly professional sports, evokes Pavlovian responses in most people. Former top-level athletes, if they haven’t been mired in scandal, can usually find a good second […]

Car accident? Here's how much your rates could rise

A single claim can cause auto insurance premiums to soar, but hikes vary widely depending on the state

The Lone Collectivist

(January 27, 2015 12:32 AM, by Bryan Caplan) When you're a normal member of your society, the appeal of collectivism is easy to understand. Most people believe what you believe and enjoy what you enjoy. So wouldn't it be great if society as a whole continuously celebrated your... (0 COMMENTS)

Self-Driving "Fully Automated" Vehicles on German Autobahn; Supply Chain Math; Uber and Kahn Academy

Don't worry taxi drivers, this is only a test: Self-driving cars to hit German Autobahn. A section of the A9 Autobahn in Bavaria will be converted into a test route for self-driving cars, Transport Minister Alexander Dobrindt said on...Show More Summary

The Greek Revolt

This week: The implications of the Greek election and Davos deconstructed


Here's a new map of major military operations in Ukraine.I say "new" but the caption indicates it is a day old. An estimated 7,000 to 8,000 Ukrainian troops are about to be encircled.Major Military Operations - January 25 Colonel Cassad...Show More Summary

Tuesday: New Home Sales, Case-Shiller House Prices, Durable Goods and More

I was looking at the outer Los Angeles and Long Beach harbor today, and I realized I've never seen so many loaded freighters queued up to unload at the port. The West Coast port slowdown is getting serious.The Long Beach Press Telegram...Show More Summary

Saving for retirement: Anything is better than nothing

Financial experts say consistently putting some money aside can help give you a shot at some financial stability during retirement

Barack Obama's 23 Hurricane Katrinas: Live from teh Roasterie

I have not yet heard anybody say on Fox News that the current Nor'easter is "Obama's Katrina", but surely somebody will. And in the meantime: 1. [Weigel](#weigel): "Swine Flu: The swine flu outbreak of April 2009!... Hugh Hewitt asked whether a botched response would destroy the Obama presidency. Show More Summary

'Does Monopoly Power Cause Inflation? (1968 and all that)'

Nick Rowe: Does monopoly power cause inflation? (1968 and all that): Here's a question for you: Suppose there is a permanent increase in monopoly power across the economy (either firms having more monopoly power in output markets, or unions having...

Obama Fed Nominee Landon’s Wealth Totals Up to $41 Million

Allan Landon, President Barack Obama's nominee for an open seat on the Federal Reserve's Board, has personal assets worth between $9.7 million and $41 million, according to financial disclosure forms filed with the U.S. Office of Government Ethics.

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