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The Peltzman Effect

My friend Allen Sanderson points out these headlines in today's Wall Street Journal:Safety Gear Helps Reduce U.S. Traffic Deathsand Cities Target Elevated Levels of Pedestrian DeathsAs Sam Peltzman pointed out years ago, when cars get safer, drivers are less careful, increasing externalities on pedestrians.

The road nowhere near Wigan Pier

Claims that the government's plans to cut public spending would send Britain back to the 1930s are historically inaccurate

Bond Yields Set To Plunge In 2015: Next Year Global Treasury Supply Will Tumble By 20% As ECB Joins The Party

Back in May 2013, when we wrote "How "Modern Money" Really Works" and noted that in the current environment, as a result of prudential regulation, derivative clearing requirements, bilateral margin requirements and general economic uncertainty...Show More Summary

Evolution of YouTube: Will it Supplant Mainstream TV, Vanish, Evolve, or Languish?

What will become of YouTube?It started from nowhere about 10 years ago as an idea with no revenue and no content, then pretty quickly lots of content coupled with a plethora of copyright infringement lawsuits.Today, YouTube gets 300 million hours of watching every day. Show More Summary

Jim Grant: "The Fed Has A 3rd Mandate... The Administration Of American Equity Prices"

Having recently given us a two paragraph synopsis of all that is wrong with our financial market faith in fed officialdom, Jim Grant unleashes his critical wit and insight on CNBC to explain the Fed's new remit, as Bill Dudley recently...Show More Summary

Last U.S. Holiday Shopping Weekend Off To Solid Start

By Nandita Bose and Samantha Sunne CHICAGO/NEW YORK (Reuters) - Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results. Show More Summary

House hunting: 7 lovely Victorian-era homes

New Orleans. Built in 1870, this six-bedroom house sits in the Bouligny District. The interior features 12 working fireplaces, wainscoting, two double parlors, and a gourmet kitchen. The home has retained many of its period architectural details, including original hardwood floors, ceiling medallions, and arched doorways. Show More Summary

Redfin Redux

Redfin just got another $70M to open up new markets and to further their attempt to break the real estate business and to change it into their vision of how the game should be played. Changing the current model of the sales agent as servant and facilitator in a service business and trying instead to […] The post Redfin Redux appeared first on 360Digest.

Staples Estimates Hackers Breached 1.16 Million Credit Cards

Internal investigation finds traces of malware infecting sales systems at up to 115 locations

The False Promises Of 2% Inflation

Submitted by Richard Ebeling via Epic Times blog, A specter is haunting the world, the specter of two percent inflationism. Whether pronounced by the U.S. Federal Reserve or the European Central Bank, or from the Bank of Japan, manyShow More Summary

Make These Changes in Your Business — Today

The new year is a time for new beginnings, both in life and in business. If you haven’t already, it may be time to consider making a new year’s resolution for your business. Members of our small business community have some suggestions for things you should consider in the new year, whether it be new...

Putin hits back at new sanctions: 'No one will succeed in intimidating us'

Russian President Vladimir Putin said new sanctions from the European Union and United States were put in place, "just for the mere fact that we exist." "Obviously, no one will succeed in intimidating us, to deter, to isolate Russia," he added in remarks reported by Reuters. Show More Summary

Happy holidays! Facebook packages up highlights of your year in pictures

Instead of weaving together a video of pictures users put up on Facebook the way the social networking company did last year, for this holiday season, Facebook is automatically aggregating images and text you can scroll through.

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