Seth Klarman’s work is to take money from clients and invest it. Yet, he made news recently by returning some $4 billion back to his clients. He did not want to invest their money. Why would he do such a thing when it is his job to invest money? He says the market is not […]
by J Tsimeskes Overhead Allocation vs. Theft I was readingDean Baker’s excellent post today on high speed trading. My initial reaction was that this was simply theft, high frequency traders supply absolutely no value to anyone but reduce the gains made by legitimate traders. The first comment, however, made me think. SteveB asks “I don’t […]
I am posting this because the source of this study caught my attention. It is out of the Ben-Gurion University of the Negev (BGU) and the University of Amsterdam, Psychologists Dr. Shaul Shalvi and Dr. Carsten K. W. De Dreu respectfully. Dr. Shalvi is the head of BGU’s Center for Decision- Making and Economic Psychology. […]
That’s right, folks. It’s right here.
Maggie Mahar at The Health Beat Blog has been keeping track of the progress made by people in enrolling in the PPACA. Cross posted from The Health Beat Blog. As the “train wreck” called Obamacare pulls into the station it’s becoming clear that some 7 million Americans are signing up to purchase insurance in the […]
by Joseph Joyce The IMF and Ukraine The International Monetary Fund last week announced an agreement with Ukraine on a two year Stand-By Arrangement. The amount of money to be disbursed depends on how much other financial support the country will receive, but will be total at least $14 billion. Whether or not this IMF […]
The following video was posted in Ed’s Post by Marko. I thought it deserved a wider audience. The symposium included a discussion regarding raising the minimum wage to $15. Mr. Hanauer, being an honest to goodness real billionaire talked about what that would mean for his situation. I like the way he put it. He […]
Noted without comment.
There is so much to reflect upon with Michael Pettis’ new post, Economic Consequences of Income Inequality. I have been in total agreement with the way he looks at income inequality. Yet, he said some things that surprised me… things I hadn’t realized. He restates his view of how changes in labor share, which he […]