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Hillary Clinton Urges Europe To Keep Greece In Eurozone

1 hour agoNews : Huffington Post

IOWA CITY, Iowa -- European leaders should “exert every effort” to forge a new bailout deal that keeps Greece in the eurozone and allows the indebted country to recover economically, Hillary Clinton said on Tuesday. “I think it is imperative...Show More Summary

OECD chief says 'don’t build new coal', but what about gas?

The economic think-tank says governments should think ‘twice, or three, or four times’ before allowing new coal. But Australia’s future LNG projects may also face the risk of being stranded by climate policy.

Added value: How Harvard Business Review thinks it can add subscribers while getting more expensive

Harvard Business Review is trying to walk a fine line: The magazine thinks it can raise the price for a subscription and still attract close to 100,000 new subscribers. “Basic economics says you lower prices and get more customers; you raise prices you get fewer,” Harvard Business Review Group publisher Joshua Macht told me. “And...

Is there economic hope for men?

Allison Schrager has a new piece on that topic in Playboy, and with a new (old) idea, here is one part: Harvard economist Lawrence Katz thinks that when the economy shifts, those who lose out experience “retroactive unemployment” in pursuit of jobs that no longer exist; however, he anticipates a bright future for men in […]

Ford Ranger v Toyota HiLux: Australia’s definitive new motoring battle

2 weeks agoVehicles / Cars : Car Advice

I was thinking about the great Australian automotive rivalries this week. Falcon v Commodore. STi v Evo. Ferrari v Lamborghini. Specifically, in an era defined by economical small cars and practical SUVs — the latter of which are hardly exemplars of sex appeal — is there room for great Aussie ‘blue corner, red corner’ battlegrounds […]

Why Jamie Dimon Is One of the Biggest Economic Polluters in America

Too-big-to-fail bankers blow toxic fumes that harm us all. Can we stop them? Ed Kane, a professor of finance at Boston College and grantee at the Institute for New Economic Thinking, studies the dangerous risk-taking of giant banks.Show More Summary

How is Jamie Dimon Like a Smoker on an Airplane?

Ed Kane, a professor of finance at Boston College and grantee at the Institute for New Economic Thinking, studies the dangerous risk-taking of giant banks. He sees the cultures of Wall Street and regulators coming together to turn taxpayers into victims of theft and great harm. Show More Summary

Wednesday Links: Sheep, Art Basel and The London Housing Crisis

2 weeks agoArts : Art Fag City

[caption id="attachment_73312" align="aligncenter" width="640"] Google Sheep View.[/caption] If you think the housing crisis is bad in New York, just be happy you aren’t trying to pay rent in London. Since our post-industrial economies...Show More Summary

The Alpha and Omega of my Thoughts on Backwards Induction from the Long Run Omega Point

This extraordinarily long and confused post is my response to Brad DeLong’s New Economic Thinking, Hicks-Hansen-Wicksell Macro, and Blocking the Back Propagation Induction-Unraveling from the Long Run Omega Point: The Honest Broker for the Week of May 31, 2015 Before the jump, I make only three brief points. 1) The phrase “the Long Run Omega […]

Watching a Discussion: The Omega Point

[Over at Equitable Growth][9]: Watching a Discussion: The Omega Point: Brad DeLong: [New Economic Thinking, Hicks-Hansen-Wicksell Macro, and Blocking the Back Propagation Induction-Unraveling from the Long Run Omega Point][1] Paul Krugman: [Backward Induction and Brad DeLong][2] Brad DeLong: [Paul Krugman Was Right. Show More Summary

IMF to Fed: Don’t Hike Rates Until 2016

Jacquelyn Martin/Associated Press International Monetary Fund (IMF) Managing Director Christine Lagarde listens as Federal Reserve Chair Janet Yellen speaks at the Institute for New Economic Thinking Conference on Finance and Society at the IMF, Wednesday, May 6, 2015, in Washington. Show More Summary

New Economic Thinking, Hicks-Hansen-Wicksell Macro, and Blocking the Back Propagation Induction-Unraveling from the Long Run Omega Point: The Honest Broker for the Week of May 31, 2015

[Over at Equitable Growth][10]: [In the long run... when the storm is long past, the ocean is flat again.][1] At that time--or, rather, in that logical state to which the economy will converge if values of future shocks are set to zero--expected inflation will be constant at about the 2% per year that the Federal Reserve has announced as its target. Show More Summary

Brief Thoughts on Barry Eichengreen on New Economic Thinking

[Over at Equitable Growth][1]: Barry Eichengreen sees four important sources of new economic thinking: 1. "Big data"--the use of computers to handle more than just a few aggregate indicators. 2. "New data"--the use of communications technologies to free economists from reliance on a near-exclusive government's-eye view of the economy. Show More Summary

People more likely to cheat if economically dependent on spouses

Both men and women are more likely to cheat on their spouses the more economically dependent they are on them, according to a new study. "You would think that people would not want to 'bite the hand that feeds them' so to speak, but that is not what my research shows," said study author Christin L. Show More Summary

American Voices: Study: Kids Perform Better When Schools Ban Cell Phones

2 months agoHumor : The Onion

According to a new study from the London School of Economics, kids attending schools that ban cell phones during the day scored 6 percent better on tests than peers at schools that let kids have phones with them. What do you think?

Abolishing Cash – The New Age Of Economic Totalitarianism

Submitted by Martin Armstrong via Armstrong Economics, Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking that now leads us to the totalitarian approach coming from Brussels. Show More Summary

Would the Financial Crisis Have Happened If Women Ran Wall Street?

At the International Monetary Fund on Wednesday, Institute for New Economic Thinking hosted a conference on the health of the financial system in the aftermath of the Great Recession. The event brought together some of the

Elizabeth Warren’s Challenge to Hillary Clinton

I’m down in Washington, D.C., at the Institute for New Economic Thinking’s Finance & Society conference, at which, as I pointed out yesterday, all of the speakers are women. At the opening dinner last night, Senator Elizabeth Warren delivered a rousing condemnation of the big banks that, to me, at least, sounded suspiciously like a stump speech. Show More Summary

Dodd-Frank Rules Could Shave $895 Billion Off Economic Growth Over a Decade, Think Tank Says

The 2010 Dodd-Frank law could reduce U.S. economic output by nearly a trillion dollars over the next decade, according to new research by American Action Forum.

The Chinatown of the American South

When one thinks of American Chinatowns, they usually think of San Francisco and New York, but at one time the third largest Chinatown in the U.S. was in Louisiana. It’s story is an example of how economics and geopolitics shape the growth of ethnic enclaves. After the American Civil War ended legalized slavery in the U.S., Southern […]

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