Janet Yellen Sounds a More Cautious Note on US Economy - New York Times

And those were just the opening statements on Wednesday, as the Fed's chairwoman, Janet L. Yellen, began two days of biannual testimony on Capitol Hill. Ms. Yellen functions as the nation's economic weatherwoman, and on Wednesday, she sounded ...

Wednesday, February 10, 2016

Don't Break Up the Banks. They're Not Our Real Problem. - New York Times

IN the movie “The Big Short,” Steve Carell plays a slightly altered version of me. In real life, I am a portfolio manager and financial services analyst who over a 25-year career has, at times, been highly critical of bank behavior.

Saturday, February 06, 2016

Big bucks, shadowy companies: Election mystery money returns - U.S. News & World Report

The AP counted more than two dozen groups that each gave at least $50,000 to presidential-aligned super PACs during the last three months of 2015, piecing together property tax documents, public records and millions of digital campaign finance records.

Wednesday, February 03, 2016

Economists Deny What's Driving the Inequality Trainwreck - Huffington Post

One, unsurprisingly, is about how to value capital. Possibly aside from a residence (with mortgage attached), you and I as members of households do not own physical capital. At most we own financial claims such as stocks and bonds against companies ...

Friday, January 29, 2016

How would driverless cars affect our productivity? - American Enterprise Institute

In his techno-pessimist new book, “The Rise and Fall of American Growth,” economist Robert Gordon devotes a bit of space to discussing the impact of driverless cars on productivity. (The point of his book is that new technological advances won't have ...

Wednesday, January 27, 2016

Why Are Corporations Hoarding Trillions? - New York Times

The mystery is as follows: Collectively, American businesses currently have $1.9 trillion in cash, just sitting around. Not only is this state of affairs unparalleled in economic history, but we don't even have much data to compare it with, because ...

Wednesday, January 20, 2016

'Uber of banking' banks on no fees, no branches - USA TODAY

NEW YORK — BankMobile CEO Jay Sidhu was pleased that I cover personal technology and not banking. “We are a tech company that happens to (have) a bank charter,” Sidhu says, almost as if the latter were no big deal. Of course, banking is anything but ...

Tuesday, January 19, 2016

Federal Reserve Started 2010 With Hope, Then Fear and Fitful Activism - New York Times

WASHINGTON — When 2010 began, the United States economy seemed to be on the mend and leaders of the Federal Reserve discussed how they would unwind their extraordinary rescue efforts from the crisis that erupted in 2008. The term “exit strategy” ...

Saturday, January 16, 2016

How Much Will You Pay in Taxes If You Win the Powerball Jackpot? - TIME

The Powerball jackpot is at $1.5 billion and rising, easily ballooning to the biggest lottery prize of all time—which actually raises the value of a single ticket. But unless the winner is Puerto Rican (no federal income taxes or territorial tax on ...

Tuesday, January 12, 2016