by Mike Kimel There’s a story going around in the news about a new prostate cancer drug. Here’s press release: A life-extending new drug to treat patients with advanced prostate cancer, developed by The Institute of Cancer Research (ICR) and The Royal Marsden Hospital, has received its UK license. Abiraterone acetate, marketed by Janssen under […]

Angry Bear contributor Rebecca Wilder has begun writing her own column, The Wilder View, at the internationally prestigious Economonitor (Nouriel Roubini). The Wilder View at Economonitor Europe: Why the One-Size-Fits-All Solution Won’t Work and Linking sovereign risk to corporate credit spreads in Europe …and is interviewed and quoted by Floyd Norris in the New York […]

Health Care Thoughts: No CLASS Act The Community Living Assistance Services and Supports, aka CLASS, was to be an integral part of PPACA (Obamacare), providing a funding source for some part of long-term care costs. When DHHS Secretary Sebelius declared she would have to fix the program because the poor design was not financially viable, […]

Talk is called “Neat, Plausible, and Wrong: the Deluded Discipline of Economics.” I have to quibble with the “plausible” portion: there is no possible way to rationalize contemporary Microeconomics with any reasonable conceit that the Macroeconomics produced are “first-best” or anything similar.* I doubt I’ll be there at 5:00, but certainly by 6:00. Hope to […]

I have to support a fellow Rutgers-Newark alum. But I doubt my endorsement would be so eloquent as Buce’s discussion of her.

Felix Salmon comments on media bias at Seeking Alpha: But let’s not kid ourselves that there’s any particular reason why global stocks are falling. And especially, let’s not try to invent some spurious reason for the fall, be it broad and inchoate (“global economy fears”) or weirdly specific (“Federal Reserve pessimism”).…As a general rule, if […]

Elizabeth Warren begins her campaign for the Senate seat in Massachusetts with: (h/t Mark Thoma) Also on MSNBC(h/t reader eric)

by Linda Beale The AMT: why we should retain it with minor reforms to protect the true middle class A commenter on an earlier thread complained about the Alternative Minimum Tax (AMT), saying it should be abolished. He seemed somewhat misinformed, suggesting that the alternative to the AMT is better enforcement.It seems that it might […]

The High-Frequency Traders who have been distorting the U.S. stock market and raising the costs for everyone else have had their pride wounded. After starting with a straightforward definition: High frequency trading — the use of computer-driven, algorithmic-based techniques to execute trades in a matter of microseconds — is drawing scrutiny, but Wall Street argues […]