How much does it cost to manipulate an entire market? Not much. And it’s getting cheaper! It was leaked on Tuesday by “people with knowledge of that matter,” according to the Wall Street Journal, that VC firm Kleiner Perkins Caufield & Byers had decided in May to plow up to $20 million into message-app maker Snapchat, for a tiny portion of ownership. Show More Summary
I don't know what became of the Gillian Tett who provided prescient coverage of the financial markets, and in particular the importance and danger of CDOs, from 2005 through 2008. But since she was promoted to assistant editor, the present incarnation of Gillian Tett bears perilous little resemblance to her pre-crisis version. Show More Summary
Yves here. This post, while informative, omits a critical piece of the calculus made by the West (or at least the US, in pushing Europe to fall into line) in its escalation of the conflict in Ukraine.
Economists say Japan's latest data points to an economy that's growing more slowly than policy makers expected after the April 1 sales-tax hike.
From the western NC best kept secret list: Laughing Seed Cafe, Asheville Not so long ago, eating at a vegetarian restaurant could be an ascetic experience even for vegetarians. But all those meat eaters have no idea what they’re missing when they walk past the Laughing Seed Cafe. It distills...
(August 28, 2014 09:31 PM, by Scott Sumner) Tyler Cowen recently linked to a good article by Francis Fukuyama: The two dominant American political parties have become more ideologically polarized than at any time since the late nineteenth century. There has been a partisan geographic sorting, with... (0 COMMENTS)
(August 29, 2014 12:00 AM, by Bryan Caplan) When I was in high school, Murray Rothbard's analysis of government ownership was a revelation. Why was my high school a den of waste, incompetence, and stagnation? Because it was a government enterprise!On the free market, in short, the consumer... (0 COMMENTS)
Friday:• At 8:30 AM ET, Personal Income and Outlays for July. The consensus is for a 0.3% increase in personal income, and for a 0.1% increase in personal spending. And for the Core PCE price index to increase 0.2%.• At 9:45 AM, the Chicago Purchasing Managers Index for August. Show More Summary
[Over at Equitable Growth:](http://equitablegrowth.org/2014/08/28/start-calling-greater-depression-early-friday-focus-august-29-2014/) When Do We Start Calling This "The Greater Depression"? We started by calling it the financial crisis of 2007. Show More Summary
Aug 28 (Reuters) – New tensions in Ukraine, which has accused Russia of further incursions, may serve to light a fire under efforts to bring looser monetary and fiscal policies to the euro zone. While Russia has denied the allegations, NATO on Thursday said that well over 1,000 Russian troops were now inside Ukraine in […]
American Express has been the perennial champ for customer satisfaction, but it now has company from a different sort of card
Europe will absorb the bulk of global economic fallout coming from an escalating Russia-Ukraine conflict, a leading Russia expert says.
John McFarland with General Motors describes the 4G hotspot and other new features.
A combination of factors seems ready to provide a renewed lift to the housing market. CBS MoneyWatch contributor Anthony Mirhaydari explains.
From NYT: NATO released photographs on Thursday that it said shows Russian artillery units operating in Ukraine, and asserted that more than 1,000 Russian soldiers had now joined the separatists fighting there against the Ukrainian armed forces. Source: NYT. The MICEX is down 1.84% today. Source: Bloomberg. Thus far, risk indicators such as VIX are […]
After tens of billions in spending, Internet break-ins keep happening and will probably continue
The magazine about all things marijuana may have started out as an outlaw publication, but now it's a rare industry success story
The Ukraine conflict weighs on markets while retailers fall on negative earnings news
The Dow Jones industrials and S&P 500 index have both reached new records this year, but one reflects the market more completely
(August 28, 2014 04:45 PM, by David Henderson) I wrote an article to that effect in 2011, noting that airline seats are an excellent case study for the Coase Theorem. This is an economic theory holding that it doesn't matter very much who is initially given a property... (0 COMMENTS)