Bloomberg Plans a $50 Million Challenge to the N.R.A.
New York Times – 4 hours ago
@TheStalwart: Was this said as some kind of joke? [link] [link]
@prchovanec: Mike Bloomberg: "I have earned my place in heaven. It’s not even close.” [link] wow, just ... wow
@BuzzFeedBen: RT @BuzzFeedAndrew: Oh man, Mike Bloomberg [link] [link]
@ObsoleteDogma: All billionaires go to heaven [link]
@morningmoneyben: RT @chrislhayes: I’ve now got this image of Bloomberg tossing his keys to St Peter like he’s the valet. [link]
@lizzieohreally: The ninety-sixth thesis. [link]
@jbarro: Mike Bloomberg has a huge ego, but doesn’t he deserve to view his public health accomplishments as extraordinary? [link]
@AmyResnick: Michael Bloomberg Plans a $50 Million Challenge to the N.R.A.[link]
@raju: +1 @IsCool: Michael Bloomberg Plans a $50 Million Challenge to the N.R.A. [link]
‘Capital in the Twenty-First Century’, by Thomas Piketty
Financial Times – 12 hours ago
Capital in the Twenty-First Century, by Thomas Piketty, translated by Thomas Goldhammer, Harvard University Press RRP£29.95/Belknap Press RRP$39.95, 696 pages French economist Thomas Piketty has written an extraordinarily important book. Op...
@cullenroche: RT @tomkeene: ‘Capital in the Twenty-First Century’, by Thomas Piketty - [link] [link] martin wolf
@cafreeland: RT @martinwolf_: Inequality time [link]
@tomkeene: ‘Capital in the Twenty-First Century’, by Thomas Piketty - [link] [link] martin wolf
@ObsoleteDogma: Martin Wolf on Piketty’s Capital [link]
@EpicureanDeal: .@martinwolf_ on Piketty: [link]
@ryanavent: RT @EpicureanDeal: .@martinwolf_ on Piketty: [link]
@counterparties: RT @s_m_i: Attention, econoblogosphere. The time has come: Martin Wolf’s reviewed Piketty [link]
The Confidence Gap
The Atlantic – 14 hours ago
Evidence shows that women are less self-assured than men—and that to succeed, confidence matters as much as competence. Here’s why, and what to do about it.
@crampell: In studies, men overestimate their performance; women underestimate. Their performances do not differ in quality. [link]
@Noahpinion: RT @TheAtlantic: The confidence gap: Why do successful women suffer from self-doubt more than men? [link]
@taniabranigan: "Men consistently overestimated abilities/performance; women routinely underestimated both." The confidence gap [link]
@EpicureanDeal: “If life were one long grade school, women would be the undisputed rulers of the world” Women & (lack of) confidence: [link]
Rebuttal for Rajan: Bernanke Defends U.S. Policy in Visit to Mumbai - India Real Time
Wall Street Journal – 2 hours ago
Less than a week since Reserve Bank of India Governor Raghuram Rajan criticized U.S. monetary policy in a visit to Washington D.C., former U.S. Federal Reserve chairman Ben Bernanke, landed in Mumbai with a rebuttal.
The $2.8 trillion question: Are health costs growing fast again?
vox.com – 9 hours ago
Federal data shows that health care spending is now growing just as quickly as it was prior to the recession.
Alibaba flexes its muscles ahead of huge stock filing
Wall Street Journal – 1 hour ago
Despite challenges, a big surge in profits and revenue has put the Chinese e-commerce giant on track for a $15 billion stock sale, just shy of what Facebook sold when the social-networking firm went public in 2012.
France is the new cauldron of Eurosceptic revolution
The Telegraph – 14 hours ago
Britain is marginal to the great debate on Europe. France is the linchpin, fast becoming a cauldron of Eurosceptic/Poujadist views on the Right, anti-EMU reflationary Keynesian views on the Left, mixed with soul-searching over the wisdom of...
@EconBrothers: France is the new cauldron of Eurosceptic revolution [link] via Telegraph
@mhewson_CMC: France is the new cauldron of Eurosceptic revolution via @Telegraph [link]
@tomkeene: France is the new cauldron of Eurosceptic revolution @Telegraph [link] stunning @AmbroseEP para. 8 on the Latin alternative
@ObsoleteDogma: "The alignment w/Germany is stopping us pushing for another ECB policy, one that favours growth and jobs" [link]
@edwardnh: RT @jmackin2: Sterling stuff (as it were) from @AmbroseEP on how France is the real anti-EU, anti-EMU player [link]
@jmackin2: Sterling stuff (as it were) from @AmbroseEP on how France is the real anti-EU, anti-EMU player [link]
Tapping the Brakes: Are Less Active Markets Safer and Better for the Economy?
frbatlanta.org – 11 hours ago
@izakaminska: RT @matt_levine: Unsurprisingly Joseph Stiglitz has interesting Grossman-Stiglitz things to say about HFT. [link] via @feli…
@tomkeene: @matt_levine Stiglitz has interesting things to say on HFT [link] @felixsalmon awesome on an equil amount of disequilibrium
@matt_levine: Unsurprisingly Joseph Stiglitz has interesting Grossman-Stiglitz things to say about HFT. [link] via @felixsalmon
@edwardnh: RT @stiglitzian: Joseph Stiglitz: Tapping the Brakes: Are Less Active Markets Safer and Better for the Economy? [link] http…
@felixsalmon: RT @stiglitzian: Joseph Stiglitz: Tapping the Brakes: Are Less Active Markets Safer and Better for the Economy? [link] http…
Felix Salmon: The problems of HFT, Joe Stiglitz edition
Alibaba Profit Grows Ahead of Initial Public Offering
Bloomberg – 4 hours ago
Alibaba Group Holding Ltd. posted a surge in fourth-quarter profit as analysts prepare to raise their valuations ahead of a potential U.S. initial public offering by China’s largest e-commerce company.
How Burrowing Owls Lead To Vomiting Anarchists (Or SF’s…
TechCrunch – 1 day ago
Today, the tech industry is apparently on track to destroy one of the world’s most valuable cultural treasures, San Francisco, by pushing out the diverse..
@kevinroose: This is an excellent, data-packed overview of SF’s housing crisis by @kimmaicutler. [link]
@Noahpinion: RT @ObsoleteDogma: Everything you need to know about San Francisco’s housing crisis in one epic post [link]
@Richard_Florida: Super Piece on High Tech, Inequality, Housing Affordability & Protest in San Francisco - TechCrunch - [link]
@ObsoleteDogma: Everything you need to know about San Francisco’s housing crisis in one epic post [link]
@Ian_Fraser: What San Francisco’s housing crisis says about the future of capitalism [link] epic @techcrunch post [link]
@davewiner: How Burrowing Owls Lead To Vomiting Anarchists (Or SF’s Housing Crisis Explained). [link]
@newsycombinator: SF’s Housing Crisis Explained [link]
@Techmeme: How Burrowing Owls Lead To Vomiting Anarchists (Or SF’s Housing Crisis Explained) [link] [link]
Flash In the Pan: On ’Flash Boys,’ Michael Lewis’s Baffling New Book
NY Observer – 14 hours ago
Strange things happen when Wall Street outsources its bargaining and brokering functions to computers.
@MattGoldstein26: RT @bobivry: In which my name is mentioned [link] @NewYorkObserver @moetkacik
@johngapper: RT @EpicureanDeal: .@moetkacik is underwhelmed by Flash Boys: [link]
@ryanchittum: my friend @moetkacik, who’s read more crisis books than anyone alive, on Michael Lewis’s “Flash Boys”: [link]
@EpicureanDeal: .@moetkacik is underwhelmed by Flash Boys: [link]
@bobivry: In which my name is mentioned [link] @NewYorkObserver @moetkacik
@felixsalmon: “Flash Boys is the story of small furry creatures. Some of them are Canadian; one is vegetarian.” @moetkacik FTW: [link]
Investors Send Twitter Up 11.4% Following Gnip News, Adding $2.7B…
TechCrunch – 6 hours ago
Twitter had a massive day in the markets, soaring more than 11 percent following news this morning that it has acquired Gnip, a company that TechCrunch..
We are drowning in data about readers and attention, but which metrics really matter? You won’t like the answer
GigaOM – 11 hours ago
There are more ways than ever to measure traffic, readership, attention and engagement with our content. But all that means is there are even more things to distract us from the important questions about who we are trying to reach and how.
@StKonrath: MT @mathewi: Which reader metrics should publishers pay attention to?[link] cc @pedroelrey @arctictony @Aiannuzzi
@AntDeRosa: We are drowning in data about readers and attention, but which metrics really matter? You won’t like the answer [link]
@raju: All this fear & loathing about newsroom metrics mostly incorrectly assumes mainstream newsrooms actually use data: [link]
@tomkeene: We are drowning in data about readers and attention, — Tech News and Analysis [link] must-read @mathewi
The Great Inflation Undershoot
Wall Street Journal – 5 hours ago
A number of central banks are increasingly worried about deflation. Little wonder. Inflation’s been falling almost everywhere.
Digital financial advisers bulk up: Betterment raises $32 million - Fortune Tech
Fortune – 16 hours ago
A crop of new money-management websites is popping up with lower fees than traditional financial advisers and improved service.
Yellen Says Higher Capital Rules May Be Needed for Big Banks
Bloomberg – 13 hours ago
Federal Reserve Chair Janet Yellen said additional capital may be required for large U.S. banks whose source of funding could be at risk during a financial crisis.
CLIFF ASNESS: ’You’re Giving Me That Look That I Get When I Talk To Women About Quant Stuff’
Business Insider – 14 hours ago
Cliff Asness told Bloomberg anchor Stephanie Ruhle she gave him a look he gets when he "talks to women about quant stuff."
@markgongloff: Cliff Asness was "making fun of myself" when he said ladies too dumb for quant stuff [link] [link]
@SimoneFoxman: depressing. RT @MattZeitlin: :-/ [link]
@IvanTheK: There it is.CLIFF ASNESS: ’You’re Giving Me That Look That I Get When I Talk To Women About Quant Stuff’ [link]
@moorehn: RT @markgongloff: Cliff Asness was "making fun of myself" when he said ladies too dumb for quant stuff [link] [link]…
Huffington Post: This Is The Most Sexist Thing We’ve Heard On Live TV In A While
Don’t freak out about the changes to the Census yet
vox.com – 13 hours ago
The changes to the Census won’t make it impossible to judge Obamacare.
@TheStalwart: *steps slowly back away from ledge* RT @voxdotcom: Don’t freak out about the changes to the Census yet [link]
Huffington Post: Republicans Accuse Census Bureau Of Trying To ’Hide The Effects Of Obamacare’
Marginal Revolution: Dept. of pure coincidence
@ezraklein: The new Census numbers begin in 2013, not 2014. So we can still measure Obamacare: [link]
This is Amazon’s smartphone
bgr.com – 14 hours ago
After years of development, Amazon is finally close to unveiling the first of several own-brand smartphones. At a distance, Amazon’s upcoming flagship phone looks much like any other touchscreen ph...
Confused about high-frequency trading? Here’s a guide
vox.com – 14 hours ago
High-frequency trading is in the news again thanks to Michael Lewis’ new book. But to understand the controversy, you need to understand how it works. Then you’ll see what the real problems are.
@mark_dow: RT @esoltas: The good, the bad, and the "how is that not illegal?!" of high-frequency trading: [link]
@jbarro: RT @ezraklein: An incredibly clear guide to high-frequency trading by @esoltas: [link]
@Noahpinion: This overview of HFT leaves a lot of stuff out: [link]
@ezraklein: RT @voxdotcom: Profits in high-frequency trading have fallen to about 0.0005 per share, or a twentieth of a penny. [link]
Census Survey Revisions Mask Health Law Effects
New York Times – 13 hours ago
Changes to the Census Bureau’s annual survey on health insurance will make it hard to gauge any shift in the number of uninsured; an internal paper called the timing “coincidental and unfortunate.”