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Trump Taj Mahal casino in Atlantic City to be hit by strike

Walkout set for Friday morning; presumptive GOP nominee no longer associated with facility now owned by billionaire Carl Icahn

Does Your Bank Bite? EU Approved $167 Billion Liquidity Guarantees for Italy Banks

EU banks for the most part never recovered from the financial crisis and are mostly a mess. The post Does Your Bank Bite? EU Approved $167 Billion Liquidity Guarantees for Italy Banks was originally published at The Wall Street Examiner. Follow the money!

Is Sears Doomed for Bankruptcy in the Second Half of 2016? (SHLD)

Sears Holdings Corp. (Nasdaq: SHLD) has a long and rich history, and its founders revolutionized the retail catalog. The post Is Sears Doomed for Bankruptcy in the Second Half of 2016? (SHLD) was originally published at The Wall Street Examiner. Follow the money!

Paul Krugman, Brexit, and Bubbles

Paul Krugman has an excellent blogpost ridiculing the doomsayers on Brexit. I agree with just about everything he says. His basic point is that, while the UK will pay a substantial economic price if it leaves the European Union (especially...Show More Summary

A Lesson in Opportunity Cost

(July 1, 2016 12:23 AM, by David Henderson) I'm at my cottage in Canada, where I've come every summer since I was 7 months old except for 5 interspersed years in the 1970s, 1980s, and early 1990s, when other things were going on in my life. It's Canada... (0 COMMENTS)

Hershey Just Refused to Let the Owner of Cadbury Drink Its Milkshake

The owner of Oreo, Cadbury, Toblerone, and Sour Patch Kids tried this month to take over the Hershey Co.—and it’s now officially been rejected, the Chicago Tribune reports. Had it succeeded, Mondelez International Inc.’s $23 billion bid to buy the iconic sweets manufacturer would have made it the world’s largest candymaker. Show More Summary

?First death in a self-driving car happens in a Tesla

A Model S driving on "Autopilot" collided with a tractor-trailer after apparently failing to detect it

Friday: Auto Sales, ISM Mfg, Construction Spending

From Paul Krugman: The Macroeconomics of Brexit: Motivated Reasoning?. From the intro: I believe that Brexit is a tragic development, which will do substantial long-run economic harm. But what we’re hearing overwhelmingly from economists is the claim that it will also have severe short-run adverse impacts. Show More Summary

What I Saw and Did Not See About the Macroeconomic Situation Eight Years Ago: Hoisted from the Archives

What I Saw and Did Not See About the Macroeconomic Situation Eight Years Ago: Hoisted from the Archives Hoisted from the Archives from June 2008J. Bradford DeLong (June 2008): [The Macroeconomic Situation](http://j-bradford-delong.net/2008_html/20080610_delong_situation.html), with added commentary: Looking back, what did I get right or wrong back eight years ago when I...

Elizabeth Warren Wants to Bring Back Trust Busting. The Democrats Should Listen.

One big question hanging over the candidacy of Hillary Clinton is how she'll use her presidency if she wins the White House in November (current probability: high) but finds her agenda stymied by Republicans in Congress (current probability: also high). Show More Summary

Kansas’ Insane Right-Wing Experiment Is About to Destroy Its Roads

Kansas has had trouble paying for much of anything since 2012, when conservative legislators decided to implement a bevy of right-wing economic policies—and lead their state into a fiscal crisis. In order to keep funding its government despite dramatically decreased tax revenue, the legislature has flipped all their piggy banks. Show More Summary

?Appeals Court rejects $7.25B credit card swipe fee deal

It ruled that lawyers for the 12 million merchants covered in the class action inadequately represented them

These jobs have the highest rate of suicide

Workers in certain occupations kill themselves in greater numbers, although it's hard to pin down why

?Obama signs Puerto Rico rescue bill into law

The president calls it "an important first step" to help the U.S. territory and its 3.5 million citizens

Mortgage rates drop toward new lows, and other MoneyWatch headlines

Average fixed rate for 30-year mortgage falls below 3.5%; Goldman Sachs is worst performing stock in the Dow. These headlines and more from CBS MoneyWatch.

Chocolate giant Hershey rejects massive Mondelez bid

Merger would form world's biggest candy maker, but bidder must win over charitable trust that controls iconic U.S. company

Lions Gate to buy Starz in $4.4 billion deal

Lions Gate is the company behind "The Hunger Games" movies and the "Orange Is The New Black" TV series

Central Bank Coordination as BS; Targets vs Instruments.

Imagine you are at an international policy conference. Someone says "Central Banks need to coordinate their monetary policies better". You nod your head wisely in agreement, along with everyone else. Because you know that what one central bank does affects...

How Safe Are Bank Stocks, Anyway?: Graph of the Week

About as safe as you would imagine very large leveraged organizations with profits that depend on a combination of outguessing the market and sucking up nickels on a massive scale:

Procrastinating on June 30, 2016

Over at [Equitable Growth](http://EquitableGrowth.org): Must-Reads: Nick Bunker: [The continued rigidity of wages in the United States - Equitable Growth](http://equitablegrowth.org/equitablog/the-continued-rigidity-of-wages-in-the-united-states/)...Show More Summary

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