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Which is Worse: A Busted Pipeline or a Politician with a Case of the Do-Somethings?Sep 22, 2016 - 11:22:43 PDT
Economists have a grumbling and cynical stereotype. This might be because even the most basic economic principles are ignored by those who should know better and vehemently denied by those who don’t.
Internet Of Things - Not just transportation will have a facelift, water conservation, green energy, pedestrian safety and real-time
Tech site Recode reports that Yahoo will disclose this week a data breach that compromised several hundred million users.
The market is materially mispricing the strength of the US consumer whose weakness will lead the US economy into a recession in Q117
"Every sovereign nation has the right to legislate its own debt terms, and the coming currency re-alignments and debt write-downs will ...
David Stockman Interview: David A. Stockman became famous as President Ronald Reagan’s budget director in the 1980’s making history as the youngest cabinet member in the 20th century. Before winning his well earned nick nam…
The US Government publishes lots and lots of economic data, much of it conflicting, & much that’s highly suspicious. We know that the Household Income data released this week was suspicious, but I could not quite figure out what the problem was. I had surmised that it was due to an increase in household size,…Read on →
The maker of the EpiPen kept repeating one stat to Congress, and it's total nonsenseSep 22, 2016 - 10:43:47 PDT
The CEO of Mylan was really trying to make her company out to be some kind of hero, & it took some real mental gymnastics.
New rules of the road for robot cars coming out of Washington this week could lead to the eventual extinction of one of the defining archetypes of the past century: the human driver.
Cyber attacks on satellites could spark global catastrophe, experts warnSep 22, 2016 - 10:14:03 PDT
The world is dangerously unprepared for a global disaster sparked by cyber attacks on space infrastructure, experts have warned. Authorities are not doing nearly enough to stop space assets being hacked & used maliciously, according to a warning from security experts. The consequences of such a hack could be disastrous – anything from damage to trade and financial services to terrorists taking over strategic weapons.
They’re robbed as they walk their dogs, go on moonlit strolls or sit waiting for buses.
Social media brought images from the violent protests in Charlotte, N.C., home.
Sep 22, 2016 - 10:08:25 PDT
Concern is mounting that the world’s oldest bank will have to be bailed-in under new EU rules
In Dramatic Twist, Wells Fargo Said To Retaliate, Fire Whistleblowers Who Exposed Bank's Illegal PracticesSep 22, 2016 - 10:04:08 PDT
"Almost half a dozen workers who spoke with us say they paid dearly for trying to do the right thing: they were fired"
Senator Elizabeth Warren fired an unmistakable warning shot to Hillary Clinton and her advisers on Wednesday, cautioning against appointing cabinet or administration members who are linked to Wall Street while name-checking a firm closely tied to Clinton and the Democratic Party.
Scandals in banking, finance, & housing rocked the world, causing a global financial meltdown & the Great Recession. While the economy & the financial sector eventually recovered, the fallout…
Sep 22, 2016 - 09:59:21 PDT
Pedro Pablo Kuczynski cited the widespread shortages of food, medicine and basic supplies in Venezuela and called on Nicolás Maduro to respect human rights and a democratic political process.
Much of Puerto Rico was still without electricity Thursday following a fire at a power plant that set off a broader outage across the island's aging utility grid, leaving most of the island's 3.5 million people without service. The vast majority of Puerto Ricans don't have generators and...
The Federal Reserve is attempting to do exactly what the BOJ did beginning in 1999. In the middle of 2006, after more than six years of ZIRP and five years of several rounds of QE
A major theme of the credit crunch era has been the banking crisis in so many places followed by the many bailouts under the Too Big To Fail or TBTF strategy. The catch is that this week has seen more signs of distress for various banks more than 8 years after the collapse of Lehman…