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Lunch with the FT: Ha-Joon Chang - FT.com

Lunch with the FT: Ha-Joon Chang - FT.com:

 “How has this wonderful subject we call economics become so narrow-minded? I find that really sad.”

Wednesday, November 27, 2013

U.S. Meatpackers Fight New Country-of-Origin Labels - WSJ.com

One of the few articles were I agree with the vast majority of the commentators. I guess that when safety regulations are close to home, even the right wing wants government to regulate. Corporates think that they can hide behind the slogan of "costly regulations".

U.S. Meatpackers Fight New Country-of-Origin Labels - WSJ.com

Walmart Employee Food Drive - Business Insider

Walmart heirs are six of the ten richest Americans. They have more assets than the bottom half.

Walmart Employee Food Drive - Business Insider

Friday, November 15, 2013

Larry Summers just confirmed that he is still a heavyweight on economic policy - Quartz

The entire speech is worth listening to:

Larry Summers just confirmed that he is still a heavyweight on economic policy - Quartz:

 Quote about Japan is stunning. Shows that predictions are hard, especially about the future.

"The extent of Japan’s stagnation is breathtaking: In 2013, the Japanese economy is only half the size economists in the 1990’s predicted it would be by now."

Kass: 10 Laws of Stock Market Bubbles - TheStreet

Kass: 10 Laws of Stock Market Bubbles - TheStreet:

Debt is cheap.
Debt is plentiful.
There is the egregious use of debt.
A new marginal (and sizeable) buyer of an asset class appears.
After a sustained advance in an asset class's price, the prior four factors lead to new-era thinking that cycles have been eradicated/eliminated and that a long boom in value lies ahead.
The distance of valuations from earnings is directly proportional to the degree of bubbliness.
The newer the valuation methodology in vogue the greater the degree of bubbliness.
Bad valuation methodologies drive out good valuation methodologies.
When everyone thinks central bankers, money managers, corporate managers, politicians or any other group are the smartest guys in the room, you are in a bubble.
Rapid growth of a new financial product that is not understood. (e.g., derivatives, what Warren Buffett termed "financial weapons of mass destruction").

Monday, November 04, 2013

NYTimes: Innovation Imperative: Change Everything

From The New York Times:

Innovation Imperative: Change Everything

Online education is beginning to show itself as a disruptive innovation, introducing more convenient and affordable services that can transform sectors.


http://nyti.ms/HjkluW