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
Since I can't resist sending out interesting bits of news, especially to current and former students, I am trying out this blog. It is simply a place where I can post news pieces I think are interesting, entertaining or useful. Comments are welcome. And welcome new readers!
Tuesday, August 30, 2011
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
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
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
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&
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
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/
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
Common sense from Warren Buffet
In a NY Times op-ed, Warren Buffet makes a sensible case for raising taxes on rich folks like himself. (No ideolgy here.)
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&hp
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&hp
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
http://www.huffingtonpost.com/2011/08/10/michele-bachmann-stimulus_n_922851.html
Friday, August 12, 2011
Focusing on the wrong problem?
Prof. Paul Krugman, in this op-ed, thinks too much focus has been put on the U.S. debt and not on the more important jobs crisis.
http://www.nytimes.com/2011/08/12/opinion/the-hijacked-crisis.html?src=ISMR_HP_LO_MST_FB
http://www.nytimes.com/2011/08/12/opinion/the-hijacked-crisis.html?src=ISMR_HP_LO_MST_FB
Monday, August 8, 2011
Some explanations of current market events
Here is a nice short piece written by Mohamed El Erian, Chief Investment Officer at PIMCO, giving his views of current market events, particularly the seemingly counter intuitive rise in bond prices.
http://www.cnbc.com/id/44061417
http://www.cnbc.com/id/44061417
A second recession?
Here's an interesting piece from the Aug 8 New York Times.
http://www.nytimes.com/2011/08/08/business/a-second-recession-could-be-much-worse-than-the-first.html?pagewanted=all&src=ISMR_HP_LO_MST_FB
http://www.nytimes.com/2011/08/08/business/a-second-recession-could-be-much-worse-than-the-first.html?pagewanted=all&src=ISMR_HP_LO_MST_FB
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