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)
(1) Boots Riley talks communism on Fox: See what happens when someone criticizes capitalism on an Ohio Fox affiliate. The story at the Plain Dealer website is great; the comment section is hilarious. See also the original story at the Lakewood Citizen … Continue reading ? The post Thursday Links: Boots, Salaita, Kalamazoo, etc. appeared first on Dollars & Sense Blog.
From the Kansas City Fed: Growth in Tenth District Manufacturing Activity Slowed Slightly The Federal Reserve Bank of Kansas City released the August Manufacturing Survey today. According to Chad Wilkerson, vice president and economist...Show More Summary
Please consider the "official" exchange rate of the Bolivar to the USD.Bolivar vs. US Dollar From 2005 to 2009 the official exchange rate was 2 bolivars to one US dollar. In 2009 the official exchange rate soared to 4.3 to the dollar. Show More Summary
Long-term drought in the southwest United States has led to a cattle shortage, which has resulted in a major surge in beef prices. Bigad Shaban reports on how the cost increase is impacting the restaurant business.
As prospects in key advanced economies improve, financial conditions will tighten. The effect of outward spillovers from source countries to emerging markets will depend on whether financial conditions are driven by stronger growth (real...Show More Summary
Federal watchdog warns of phone scams in which consumers are duped into believing a caller is from the IRS or other agency
The Federal Reserve Bank of Kansas City launched Thursday a new gauge to track labor market conditions, which signaled in its first outing a hopeful outlook for hiring in the U.S. economy.
The FDIC released the Quarterly Banking Profile for Q2 today. Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $40.2 billion in the second quarter of 2014, up $2.0 billion (5.3 percent) from earnings of $38.2 billion the industry reported a year earlier. Show More Summary
From Josh Barro.
Brad DeLong: When Do We Start Calling This “The Greater Depression”?: We started by calling it the financial crisis of 2007. Then it became the financial crisis of 2008. Next it was the downturn of 2009-2009. By the middle of...
The African Development Bank is an amazing turnaround story. The regional development bank was close to shutting down after losing its AAA credit rating in 1995 and, worse, squandering the confidence of its shareholders. Omar KabbajShow More Summary
From the NAR: Pending Home Sales Pick Up in JulyThe Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 3.3 percent to 105.9 in July from 102.5 in June, but is still 2.1 percent below July 2013 (108.2). Show More Summary
The CBO's latest projection shows the deficit falling to its lowest level since 2007, but that's still dangerously high