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WaPo Touts the Expansion of Oil Supply, Apparently Unable to Get Projections from Energy Information Agency

As I've often noticed in the past, the WaPo apparently has difficulty getting access to government data at its location in downtown Washington, DC. If it did, it probably would not have run a Wonkblog piece by Steven Mufson touting the...Show More Summary

The smartest smart lock money can buy

Connected to your smartphone via Bluetooth, this device locks the door behind you and opens it as you arrive home

Can the U.S. economy stand on its own?

The Federal Reserve looks set to end the massive bond purchases it has used to shore up the U.S. economy since the 2008 financial crisis. CBS MoneyWatch contributor Anthony Mirhaydari analyzes what impact withdrawing that stimulus could have on investors and the broader economy.

"Grandfamilies" face financial, emotional stress

Almost 3 million grandparents in the U.S. are bringing up their grandchildren, creating financial and emotional stress

The Blame Teachers Game: Has Anyone Heard of the South?

Frank Bruni's column complaining about teachers and teachers unions undoubtedly has millions asking, "is our pundits learning?" The proximate cause is a soon to be published book by Joel Klein, the former New York City school chancellor. It...Show More Summary

MH17-Chief Investigator Investigates Possibility of Air-to-Air Missile, Seeks Cooperation From Russia

Spiegel Online interviews Fred Westerbeke, the Dutch lead investigator of flight MH17 crash.Westerbeke contends surface-to-air missile is the most likely scenario, but he also discusses "secret satellite images and a possible involvement...Show More Summary

SEC Commissioner Kara Stein Fighting for Tougher Bank Sanctions, Stymies Bank of America Settlement

One of the things that continue to be a source of anger in the American public is the way that banks were rescued en masse without the perps, the managers and producers in the businesses that produced toxic product facing much if anything in the way of consequences. Show More Summary

Matt Taibbi Leaving First Look

Matt Taibbi has been missed. He went into a writing black hole when he decamped from Rolling Stone to Pierre Omidyar's wannabe media empire, First Look in February. But when the billionaire's news venture was launched, the press was sloppy in reporting on Omidyar's financial commitment. Show More Summary

Chris Hedges and Sheldon Wolin on Inverted Totalitarianism as a Threat to Democracy

Yves here. We've been featuring what we consider to be standout segments in an important Real News Network series, an extended discussion between Chris Hedges and Sheldon Wolin on capitalism and democracy. This offering focuses on what...Show More Summary

South Korea’s Export Weakness Puzzles Economists

South Korea’s exports to China have underperformed Taiwan’s this year, leaving economists scratching their heads. Both countries exports to China are similar: electronics, steel and chemical exports. Both send around a third of their total overseas shipments to China.

Global Consumer Confidence Rises in Third Quarter

Consumers around the world are feeling slightly more confident about their economic situation--although pockets of distress remain, according to a global survey of individuals released Wednesday

Emigration and Citizenism

(October 29, 2014 12:04 AM, by Bryan Caplan) I still remember watching this interview with Mikhail Gorbachev in my high school journalism class. When Tom Brokaw asked Gorbachev about Soviet emigration restrictions, the Soviet dictator self-righteously replied:What they're [the West] organizing is a brain drain. And of course,... (0 COMMENTS)

The Best Places in the World to Run a Business, Ranked by the World Bank

You’d have to be heroic or crazy to start a business in Venezuela, Afghanistan or Libya. They're among the lowest-ranked economies in the World Bank’s latest “Doing Business” report, which scores 189 nations based on how hard it is to run a company there.

Making sense of ECB’s comprehensive assessment

The ECB conducted a comprehensive assessment of banks and identified capital shortfalls for 25 banks, totalling €25 billion. In this column, the authors provide a number of benchmark stress tests to estimate capital shortfalls. The analyses suggest possible capital shortfalls between €80 billion and more than €700 billion depending on the model. Show More Summary

The narrowing of global imbalances

Global current-account imbalances narrowed substantially over the past eight years. As a result, the systemic risks associated with these imbalances have decreased. This column argues that despite this narrowing, the net creditor and debtor positions diverged further. Show More Summary

What’s the matter with Kansas? (big government)

Kansas elected a governor named Sam Brownback in 2010.  He cut income tax rates, promising faster economic growth.  It didn’t work out, and now he’s in a close race for re-election.  Last summer over at Econlog I focused on the absurd claim that these income tax cuts should be expected to raise revenue.  (Not sure […]

Wednesday: FOMC Statement

From Tim Duy: FOMC Meeting Regarding the statement, here is what I anticipate:1. The general description of the economy will remain essentially unchanged, expanding at a "moderate pace."...2. That said, they will mention they remain watchful of foreign growth.3. Show More Summary

Consumers Are Happier But Still Need Bigger Pay Gains

Consumers are in a happy place right now, ignoring financial-market swings and Ebola fears. But one big challenge for households--weak income growth--remains.

Stocks post a broad-based surge

After opening higher, share prices climbed all day on Tuesday, led by strong earnings reports and rising consumer confidence

Facebook profit nearly doubles on strong ad growth

The social networking giant beat expectations for both earnings and revenues, but the stock fell in late trading

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