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Another Hedge Fund Legend Calls It Quits: Phil Falcone Leaves Harbinger Group, Gets $20.5 Million Severance

Another day, another (former) hedge fund legend calls it quits, this time embattled one-time hedge fund legend (until that whole Securities Fraud charge appeared) Phil Falcone, whose Harbinger hedge fund was a decade ago the dream venue...Show More Summary

Rand Paul on Ferguson: 'I mostly blame politicians'

Sen. Rand Paul (R-Kentucky) wrote an op-ed for Time about the Ferguson grand jury's decision not to indict officer Darren Wilson for the killing of Michael Brown. Paul writes that he blames politicians for the tragedy in Missouri. He...Show More Summary

Some thoughts on why “empty labor” makes us miserable

The Atlantic has an absolutely fascinating article that reveals how little work actually goes on at work. From the article: …the proportion of people who say they never work hard has long been far greater than those who say they always do. The articles and books about the stressed-out fraction of humanity can be counted in the […]

Globe Trotting: Charming Paris Mansion Boasts A+ Wallpaper, Indoor Pool

On the ground floors of this 4,630-square-foot private mansion in Paris, potential buyers will discover beautiful wallpaper, unpretentious antiques, and charming, rounded windows. In all, elegance and ease, without (for better or...

European shares at 2-month high

Bets on more central bank support kept European shares at a two-month high. ||| London - Bets on more central bank support kept European shares at a two-month high and the region's bond yields at record lows on Tuesday, as oil prices hovered at just under $80 (R882) a barrel ahead of an OPEC meeting this week. Show More Summary

Don't blame Chuck Hagel: Obama's foreign policy has been a disaster from end to end

After just one year and nine months, Defense Secretary Chuck Hagel is out, and shouldering much of the blame for the president's foreign policy with his "resignation." But canning Hagel won't help. The problems with President Obama's foreign policy have almost nothing to do with Chuck Hagel. Show More Summary

My Mission to Buy Small Business Health Insurance Begins Again

Based on past experience with the Affordable Care Act, this year's search is likely to take about half of my working hours over a six-week span.

Robot security guards are policing Microsoft's Silicon Valley campus

Imagine a cross between R2-D2 and Wall-E's Eva, but if the end result was 5 feet tall and 300 pounds. Five such robots are policing Microsoft's Silicon Valley campus, PC Magazine reports. Named K5, these Knightscope security guards run artificial intelligence software and come with cameras, sensors, and alarms. Show More Summary

Ranked: The 12 programming languages that will earn you the most

The average salary for a computer programmer just hit an all-time high as it approaches $100,000. But which languages earn the most?

Conservative European Central Bank Officials Play Down Need for More Stimulus

Officials from the European Central Bank's conservative wing on Monday signaled skepticism on the need for it to escalate its stimulus efforts, days after ECB President Mario Draghi fanned hopes for more aggressive measures to combat the risks of too-low inflation.

Area Man Underestimates Just How Much Steve Cohen Hates His Ex-Wife

As those of you who keep up with the Life And Times of Steven A. Cohen know, there are few things on this earth that the hedge fund manager despises more than his first bride, Patricia Cohen. So despite the fact that she has been suing...Show More Summary

Dow Chemical Co (DOW) And Sothebys (BID) Succumb to Dan Loeb’s Will

While the issue of the benefit or harm that activist investors cause remain debatable, Dan Loeb has added two more successive victories on his Resume, as both Dow Chemical Co (NYSE:DOW) and Sothebys (NYSE:BID) agreed to his demands. Bloomberg’s Erik Schatzker reported on the culmination of a  six month proxy fight between Mr. Loeb and […]

The Piketty Path to Riches

(November 27, 2014 01:17 PM, by Scott Sumner) This post is meant to be a sort of opening inquiry into what might become an important issue in the 21st century. I don't have strong views on the question. You may recall that Thomas Piketty assumed that savers can... (0 COMMENTS)

Want To Get Paid Faster? President Obama and Big Companies Have Pledged To Help

In July, the White House and the SBA joined together with the private sector to pledge that big companies would pay their small business vendors faster. I’m a small business owner and I know what it’s like to have a vendor pay you in 30, 60 or 90 days! Argh. Show More Summary

Airbus Could Shed Full Dassault Stake By End Of 2015: Sources

By Cyril Altmeyer and Tim Hepher PARIS (Reuters) - Airbus Group and Dassault Aviation aim to oversee the complete sale of Airbus's 4.8 billion-euro stake in the French planemaker by the end of next year, two people familiar with the matter said. Show More Summary

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