‘Booyah’ at the End of This First Date
New York Times – 11 hours ago
The normally histrionic host of “Mad Money With Jim Cramer” was surprisingly charming on his first date with his future bride.
@maoxian: “I figured that Jim, because of who he is and what he does, is meeting incredible women all the time.” [link] | Wrong!
@DougKass: "Best Day Ever" for Jim El CapitanCramer[link]
@Austan_Goolsbee: RT @nytimes: Jim Cramer of "Mad Money" got married on Saturday [link]
@carlquintanilla: "I remember saying there was no way I was going to go out with that bald, screaming man."[link] [link]
@brianstelter: RT @peterlattman: Mad Matrimony! Mazel tov to @JimCramer and his wife, Lisa. "’Booyah’ at the End of This First Date" [link]
@moorehn: The Vows on @jimcramer is seriously touching and sweet. [link] [link]
@Dasan: Congrats to my favorite "bald, screaming man" @jimcramer [link]
The Machines Are Coming
New York Times – 22 hours ago
Low-wage jobs are no longer the only ones at risk.
@pdacosta: "Easy to imagine an alternate future where advanced machine capabilities are used to empower," not control: @Zeynep [link]
@MarkThoma: The Machines Are Coming - [link] [link]
@mims: In the future you either program machines or you’re their food [link]
@MParekh: More Zero-Sum doom & gloom: "The Machines Are Coming" #Tech #GrowingThePie $$ [link]
@HamzeiAnalytics: RT @nytimes: The machines are getting smarter, and they’re coming for more and more jobs [link] via @nytopinion
Greek default necessary but Grexit is not
Financial Times – 9 hours ago
Until last week, discussions with Greece did not go well. That changed when the circus of international financial diplomacy moved to Washington for the spring meetings of the International Monetary Fund and the World Bank. Then it became wo...
@prchovanec: Can Greece default without exiting the Euro? [link]
@GTCost: RT @Schuldensuehner: #Greece’s default necessary but #Grexit is not. [link] [link]
reddit/Economics: Greek default necessary but Grexit is not
@fwred: RT @ftbrussels: Greek default necessary but Grexit is not [link]
@AdamPosen: RT @lionelbarber: Must read: A Greek default but no Grexit. Wolfgang Munchau utters the unspeakable ... [link]
@rodrikdani: RT @lionelbarber: Must read: A Greek default but no Grexit. Wolfgang Munchau utters the unspeakable ... [link]
Notes on Greece
New York Times – 13 hours ago
Immense cost, but sunk at this point.
@reddy: Greece’s private-sector labor costs relative to the eurozone average: [link] [link]
@BrankoMilan: RT @Schuldensuehner: Time for a positive note on #Greece. Paul Krugman highlights the econ adjustments of Greece. [link] ht…
@MarkThoma: Notes on Greece - Paul Krugman [link]
@wonkmonk_: Krugman: "Greece has made an incredible adjustment — close to 20% of potential GDP..." [link] [link]
@DanielAlpert: RT @wonkmonk_: Krugman: "Greece has made an incredible adjustment — close to 20% of potential GDP..." [link] [link]…
@davidmwessel: Krugman: If Greece can negotiate halfway reasonable compromise, hard to see risks of euro exit would be worth it [link]
Crowding In and the Paradox of Thrift
New York Times – 13 hours ago
What we learn from the IMF on investment.
@Frances_Coppola: Crowding In and the Paradox of Thrift [link] via @NytimesKrugman
@MarkThoma: Crowding In and the Paradox of Thrift - Paul Krugman [link]
@economistmeg: Someone tell Schaeuble! MT @davidmwessel: Krugman reads IMF WEO chapter on low business investment and applauds [link]
@wonkmonk_: RT @NYTimeskrugman: Crowding In and the Paradox of Thrift [link]
@rodrikdani: RT @AntonioFatas: The paradox of thrift explained. [link]
@davidmwessel: Paul Krugman reads the IMF WEO chapter on why business investment is so low and applauds [link] via @NytimesKrugman
@ProfSteveKeen: RT @NYTimeskrugman: Crowding In and the Paradox of Thrift [link]
IMF chief encourages Greece to bring reforms to ‘fruition’
Financial Times – 6 hours ago
Greece’s populist government must set aside politics and bring promised reforms to “fruition” to save its economy and avoid default, the head of the International Monetary Fund has warned ahead of a crucial few weeks of negotiations. In an ...
@FGoria: Greece told to bring reforms to ‘fruition’ [link]
@IvanTheK: Thanks. You’ve been helpful.IMF chief encourages Greece to bring reforms to ‘fruition’ [link] [link]
@elerianm: FYI, @FT on what #IMF told #Greek Finance Minister #Varoufakis :"deliver the measures" #Greece #eurozone #eurogroup [link]
China Moves to Stimulus Mode With Cut to Bank Reserve Ratio
Bloomberg – 12 hours ago
@OkieEKaiser: RT @SebbyTong: China Follows on Stimulus Pledge With Bank Reserve Ratio Cut [link]
reddit/Economics: China Moves to Stimulus Mode With Cut to Bank Reserve Ratio
@JohnLothian: China Moves to Stimulus Mode With Cut to Bank Reserve Ratio [link]
@SoberLook: China Moves to Stimulus Mode With Cut to Bank Reserve Ratio [link]
@prchovanec: China cuts banks’ required reserve ratio in effort to shore up struggling economy [link]
Public Assistance, Private Subsidies and Low Wage Jobs
arindube.com – 7 hours ago
Recently, Ken Jacobs, Ian Perry and Jenifer MacGillvary from UC Berkeley Center for Labor Research and Education released a detailed report showing that the majority of public assistance payments--...
@MarkThoma: Public Assistance, Private Subsidies and Low Wage Jobs - Arindrajit Dube [link]
@MattZeitlin: This is a very good look at what public assistance programs are really a subsidy to low-wage employers [link]
@NickTimiraos: Thoughtful analysis on the debate over public assistance as a form of ’subsidy’ for low-wage employers [link]
@mattyglesias: Good @arindube post on the flawed argument that food stamps subsidize low-wage employers: [link]
Greece Remains Defiant as Creditors Up Pressure for a Deal
Bloomberg – 9 hours ago
@NicTrades: Greece Remains Defiant [link] DeputyPM "Snap elections or referendum are possible should negotiations with creditors stall"
@prchovanec: RT @Schuldensuehner: #Greece remains defiant as creditors step up pressure for a deal. [link]
@BobBrinker: Greece Remains Defiant as Creditors Up Pressure for a Deal [link]
BuzzFeed Deleted Posts Under Pressure from Its Own Business Department
Gawker – 23 hours ago
Earlier this week, BuzzFeed launched an internal review of any posts that its editors or writers had deleted from the site since editor-in-chief Ben Smith was hired in January 2012. In an interview on Friday, and a memo sent to staff on Sat...
@mathewi: BuzzFeed deleted posts. But how many newspaper stories were never written because of pressure from the business side? [link]
@AntDeRosa: BuzzFeed admits to deleting 3 other posts due to pressure from advertisers [link]
@spignal: this native advertising thing is a hoot. Buzzfeed was *running Pepsi’s Twitter feed* and slagging it off at same time [link]
@mccarthyryanj: Can editorial be totally independent if it’s paid to operate a brand’s Twitter feed? [link]
@s_m_i: RT @christindal: "Jonah and I sat down yesterday with our hardworking volunteer ombudsman, Keenan Trotter of Gawker…" [link]
@BuzzFeedBen: RT @Kia_Mak: "Jonah and I sat down yesterday with our hardworking volunteer ombudsman, Keenan Trotter of Gawker" [link]
@mediagazer: BuzzFeed review itemizes reasons for post deletions; ad pressure led to three in 2013 and 2014 [link] [link]
@fmanjoo: Buzzfeed has an ombudsman. He’s Gawker’s @jktrotter. [link] [link]
@jbarro: RT @michaelroston: Shade: "sat down yesterday with our hardworking volunteer ombudsman, Keenan Trotter of Gawker" [link]
@brianstelter: RT @max_read: buzzfeed acknowledges deleting three (other) posts after complaints from advertisers [link] another @jktrotte…
@ClaraJeffery: So, wait, Buzzfeed sometimes operates the Twitter accounts of F500 brands? [link] [link]
@moorehn: RT @ClaraJeffery: So, wait, Buzzfeed sometimes operates the Twitter accounts of F500 brands? [link] [link]
The Problem With Secular Stagnation
Project Syndicate – 12 hours ago
In a recent exchange between Ben Bernanke and Larry Summers on the plausibility of secular stagnation, both agreed on the need for a global perspective. But from that perspective, the hypothesis of secular stagnation prior to the 2008 finan...
@diane1859: RT @arvindsubraman: My @ProSyn piece arguing that the Bernanke-summers debate is at odds with one key fact: [link]
@AdamPosen: RT @arvindsubraman: My @ProSyn piece arguing that the Bernanke-summers debate is at odds with one key fact: [link]
@tomkeene: The Problem With Secular Stagnation by Arvind Subramanian - Project Syndicate [link]
Vivian Nicholson, Rags-to-Riches-to-Rags Icon, Dies at 79
New York Times – 1 day ago
Mrs. Nicholson was just 25 when she won a sports bet that paid more than £150,000, the equivalent today of about $4.5 million, and her life inspired a musical and a BBC television film.
How to deal with a problem child like Greece
Financial Times – 10 hours ago
Never in the history of the eurozone has the eurogroup been so united. Never have the institutions formerly known as the troika — the European Commission, the International Monetary Fund and the European Central Bank — had such a common pur...
@moorehn: This headline encapsulates the patronizing EU view of Greece. RT @FinancialTimes How to deal with a child like Greece [link]
@FGoria: How to deal with a child like Greece [link]
@BrunoBrussels: ’Take up the White Man’s burden And reap his old reward: The blame of those ye better, The hate of those ye guard’[link]
@azizonomics: Austerians have this incredible ability to construct awful, incoherent, patronizing economic metaphors [link]
Gundlach Says Market Hasn’t Seen Full Impact of Fed Moves
Bloomberg – 6 hours ago
The economists’ manifesto
Financial Times – 2 days ago
It’s often said that economists have too much influence on policy. A critic might say that politicians are dazzled by data-driven arguments and infatuated with the free-market-fetishising practitioners of the dismal science. As a card-carry...
Marginal Revolution: Sunday assorted links
@diane1859: RT @FT: Free to read: If Britain’s top economists were in charge, what policies would they implement? [link] [link]…
reddit/Economics: The economists’ manifesto - If Britain’s top economists were in charge, what policies would they implement?
@jdportes: What would some very sensible economists vote for? asks @TimHarford [link] Borrow & invest, build houses, tackle inequality
@tylercowen: RT @FT: Free to read: If Britain’s top economists were in charge, what policies would they implement? [link] [link]…
@MarkThoma: The economists’ manifesto - [link] [link]
@TimHarford: If the UK’s top economists were in charge, what policies would they implement? (Me in @FT) [link]
Weighing the Week Ahead: A Geopolitical Risk to U.S. Stocks?
dashofinsight.com – 11 hours ago
It is a very light week for economic data, but a full one for earnings reports. I expect a divided media focus, but special attention to geopolitical issues. With the backdrop of Friday’s market decline many will be asking: Do geopolitical ...
Comcast and Time Warner Cable to Meet With DOJ to Negotiate Merger
Wall Street Journal – 20 hours ago
Comcast Corp. and Time Warner Cable Inc. are preparing to meet with officials from the U.S. Department of Justice Wednesday in a session aimed at negotiating possible concessions to address concerns that the merger of the two cable giants w...
@mediagazer: Comcast, TWC will meet with DoJ to negotiate concessions that could ease regulatory approval [link] [link]
@sspencer_smb: Comcast and Time Warner Cable prepare to meet with DOJ to negotiate merger [link] via @WSJ
@Techmeme: Comcast, TWC will meet with DoJ to negotiate concessions that could ease regulatory approval [link] [link]
At Global Economic Gathering, Concerns That U.S. Is Ceding Its Leadership Role
New York Times – 2 days ago
Economists and political leaders see an American government so bitterly divided that it is on the verge of deserting the global economic stage it has commanded since the end of World War II.
@ComfortablySmug: RT @nytimes: Bitter political divisions may cause the U.S. to cede global economic leadership to other powers [link]
@MParekh: Ours to lose: "At Global Economic Gathering, Concerns That U.S. Is Ceding Its Leadership Role" [link] #China #GeoPolitics $$
@Noahpinion: How much of the U.S.’ "loss of economic leadership" just comes from the natural process of global growth? [link]
@elerianm: FYI, @JonathanWeisman on concern that US "is retreating from global economic leadership just when it is needed most." [link]
@GTCost: RT @raluca3000: G20/IMF/World Bank concerned that the US is retreating from the global economic landscape- NYT [link]
China cuts bank reserves again to fight slowdown
Reuters – 12 hours ago
China’s central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world’s second-biggest economy to help
@DavidKeo: RT @PaulSommerville: China cuts bank reserve requirement to counter slowdown [link] via @Reuters
@DougKass: China Cuts Banks’ Reserve Ratio by 1 Percentage Point[link]
@lindayueh: China eases lending Sun-PBOC cuts reserve requirement ratio for all banks by 100 basis points to 18.5% #BigEasingMove [link]
@pdacosta: #China central bank cuts reserve requirements again to fight economic slowdown [link]
Anger Management: Why the Genius Founders Turned to Couples Therapy
New York Times – 1 day ago
Trying to keep their business partnership from imploding, Ilan Zechory and Tom Lehman decided they had to submit to couples therapy.
@JacobWolinsky: RT @nytimes: They started a business together but couldn’t stop fighting. So they went to couples therapy [link] http://t.c…
@maxabelson: This by @lauramholson is pure genius [link]
@mathewi: RT @RurikBradbury: I swear that [link] is an insanely elaborate performance art project: [link]
@newsycombinator: Anger Management: Why the Genius Founders Turned to Couples Therapy [link]
Investing in Your Best Ideas
cleareyesinvesting.com – 18 hours ago