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The Congressional Budget Office Has Consistently Over-Estimated the Cost of Obamacare

A Washington Post editorial argued that the Republicans would be best-served by re-appointing Doug Elmendorf as the director of the Congressional Budget Office (CBO) rather than picking someone who is a conservative ideologue. The basis...Show More Summary

Liveblogging the American Revolution: November 22, 176: Washington orders General Lee to New Jersey

[Washington orders General Lee to New Jersey —]( >In what proved a fateful decision on this day in 1776, Continental Commander in Chief...Show More Summary

When should holiday shoppers buy online?

American consumers, start your engines. This weekend kicks off the holiday shopping season. Jill Schlesinger has what you need to know in her look at the business week ahead.

Unofficial Problem Bank list declines to 411 Institutions

This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for Nov 21, 2014. Changes and comments from surferdude808: The OCC provided an update on its latest enforcement action activity that resulted in several removals from the Unofficial Problem Bank List. Show More Summary

3 Secrets to Shopping at Outlet Stores This Holiday Season

With exactly one week until Black Friday, shoppers are trying to get a jump on their holiday shopping and hitting the stores this weekend. According to the NPD Group, nearly a quarter of shoppers will be out and about looking for name-brand products at discount...

Where wintry weather is welcome news

The season's unusually early arrival has winter resort operators throwing open their slopes to eager skiers and snowboarders

10 of the world's most expensive homes

Ever wonder where billionaires live, above and beyond the good life? Check out these estates, most at $100 million-plus

Elmendorf for CBO Director

Roll Call speculates about who the next director of the Congressional Budget Office might be. This is a key decision facing the newly elected GOP-controlled Congress. After giving a talk at CBO on Thursday and participating in its Academic...Show More Summary

Herbert Spencer on Amazon (and Uber)

(November 22, 2014 07:09 AM, by Alberto Mingardi) I've been re-reading some of Herbert Spencer's works, for a LibertyMatters discussion that began with a very insightful article of George H. Smith. In Spencer's The Study of Sociology I've stumbled upon this rather amusing quotation that I'd like to... (0 COMMENTS)

Wolf Richter: Signs That the Startup Bubble is Totally Maxed Out

Yves here. Wolf's longer original headline to this post focused on how gobsmacked he was to get glossy mail pieces to promote supposedly hot Silicon Valley startups. Apparently, the deemed-to-be-transgressive communications medium (by West Coast standards) was a way to cut through the new venture clutter. Show More Summary

Elizabeth Warren Blasts New York Fed President William Dudley

This Elizabeth Warren grilling of New York Fed William Dudley over the revelations in tapes made by ex-New York Fed employee Carmen Segarra, is a bit more Socratic than her normal approach, presumably because she has more than the typical five minutes for questions. Don't be deceived by her pacing.

Bill Black: Why the New York Fed isn’t Trustworthy

Yves here. Readers may recall that we criticized the New York Times' reporting on an important story on a criminal investigation underway involving both Goldman and New York Fed employees. A Goldman employee who had worked at the New...Show More Summary

NYT Abandons Distinction Between News and Editorial Page to Push Trade Deal

Some people at the New York Times apparently feels so strongly about pushing the Trans-Atlantic Trade and Investment Pact (TTIP) that it is prepared to abandon the longstanding separation between the news and editorial pages. A newsShow More Summary

Bloomberg Sensationalism and Inaccuracies Regarding "Forced Nationalization of Crimea"

A few days ago a friend emailed the Bloomberg article Russia Delivers a New Shock to Crimean Business: Forced Nationalization.I replied something along the lines of "interesting, but I am going to bounce this of Jacob Dreizin", a USShow More Summary

Patents and the global diffusion of new drugs

Patented pharmaceuticals diffuse across international borders slowly, and sometimes not at all. This column analyses the effect of patent protection and price regulation on the speed of and extent to which drugs enter new markets. There...Show More Summary

The blemishes in Wall Street's glow

Cheap-money stimulus has stocks setting records daily, but evidence mounts that things have come too far, too fast

Stocks end the week at an all-time high

China's surprise rate cut and the ECB's talk of more stimulus added fuel to Wall Street's string of record-breakers

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