Tuesday, August 30, 2011

Amazing!

This article from the NY Times makes me think immediately about Lawrence Summers and his famous title to an academic paper. I invite everyone to solve the puzzle: (1)What paper am I referring to? and (2)Why might the title relate to this story?
An enormous reward awaits the person who solves the puzzle.


http://www.nytimes.com/2011/08/31/business/economy/fed-considered-doing-nothing-record-shows.html?partner=rss&emc=rss

Monday, August 29, 2011

On the lighter side

Listen to this routine from a stand-up economist. It's very funny; no really!

http://www.youtube.com/watch?v=VVp8UGjECt4

Three Common Myths of Capitalism

For anyone, especially Senior Seminarians, here is short compelling explanation of what many people don't understand about capitalism.
http://www.youtube.com/watch?v=KGPa5Ob-5Ps

Saturday, August 27, 2011

This is something very interesting, but not about business.

Well worth reading, this NY Times article dares to question certain sacred cows, specifically the U.S. military and the abundance of heroes. (Think back to WHGC!)
http://www.nytimes.com/2011/08/21/opinion/sunday/americas-sentimental-regard-for-the-military.html?_r=1&scp=1&sq=an%20empty%20regard&st=cse

Thursday, August 25, 2011

Efficient Markets - Random Walk - and Steve Jobs

In Investment Finance we talked about the EMH and the Random Walk Theory. Well, Steve Jobs of Apple resigned as CEO of Apple after the market closed on Wednesday the 24th. Interesting to see the market reaction in after hours trading and on Thursday morning to the news. Seems like a page out of the EMH/Random Walk chapter.
Here's the WSJ's coverage of Jobs resignation:
http://online.wsj.com/article/SB10001424053111904875404576528981250892702.html?mod=igoogle_wsj_gadgv1&

Wednesday, August 24, 2011

Oldie but goodie

This piece about the financial meltdown by Prof. Paul Krugman was written soon after the financial disaster that peaked in fall 2008. Well worth reading, especially as our collective memory of the crisis fades.
http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html?ref=paulkrugman 

Monday, August 22, 2011

May you live in interesting times

Now this I find this very interesting. Without besmirching 20-somethings, I will follow with interest the tale of Joshua, the very young venture capitalist. Perhaps more interesting is that investors have pledged $40 million to the young jedi. Seems like the late 90's it is.
http://dealbook.nytimes.com/2011/08/22/joshua-kushners-thrive-capital-raises-40-million/

Thursday, August 18, 2011

Financial crisis? What financial crisis?

"Court Ruling Offers Path to Challenge Dodd-Frank"

Amazingly yet completely expectedly, business is conducting a full-throated attack on Dodd-Frank. This article from the NY Times discusses the corporate push back. IB486 students please take particular notice.
http://dealbook.nytimes.com/2011/08/17/court-ruling-offers-path-to-challenge-dodd-frank/?hpw

Monday, August 15, 2011

Saturday, August 13, 2011

A good, though hidden, idea from Michelle Bachman for much needed fiscal stimulus to the economy.

Since Tea Partyers seem to have replaced hollow ideology for intelligent reasoned thought, this article from the Huffington Post brilliantly skewers Michelle Bachman for simultaneously proposing much needed fiscal stimulus efforts at the same time hypocritically condemning them in political speeches.
http://www.huffingtonpost.com/2011/08/10/michele-bachmann-stimulus_n_922851.html

Friday, August 12, 2011

Monday, August 8, 2011