"Today's first ever approval of an animal biotechnology product for both food and as a potential source for biomedical use represents a tremendous milestone for scientific innovation." Continue...Read More
"There's the potential of having to do a full pause, a full shutdown, in the coming weeks, because we can't let this kind of momentum go," de Blasio said to CNN. Continue...Read More
Politicians always have to be seen to be doing something. Whether it makes sense or not is irrelevant; what they care about is the appearance of doing something. I call it the Andrew Cuomo syndrome.Continue...Read More
"It's balancing the really somber news that we've got still over 2,000 people dying every day from this virus.""Help is here, hope is on the way but we still need to remember to wear our mask, wash our hands and watch our distances."Continue...Read More
"He creates a patent for a submarine, but he can't remember where he put the loot." Continue...Read More
"Collaboration and openness is how the world prospers and grows." -Jim Rogers, International Investor & Author. Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car -...Read More
US stocks leap after Fed signals patience on rates … U.S. stocks surged on Thursday, extending Wall Street's best day of the year, after the Federal Reserve said it would be patient in increasing interest rates. Equities came off session highs, however, as oil turned lower. – CNBCDominant Social Theme: Things are looking really good for the dollar and US stocks. Who expected this,...Read More
Maybe There's No Such Thing as a Business Cycle … Is the U.S. economy's current expansion past its sell-by date? Will we soon go back to the employment levels we had before 2008, or did the recession do lasting damage? Macroeconomists wrestle with these questions, but usually without much success. To understand why it's so hard to predict business cycles, you need to realize that...Read More
US stocks leap after Fed signals patience on rates … U.S. stocks surged on Thursday, extending Wall Street's best day of the year, after the Federal Reserve said it would be patient in increasing interest rates. Equities came off session highs, however, as oil turned lower. – CNBCDominant Social Theme: Things are looking really good for the dollar and US stocks. Who expected this,...Read More
Maybe There's No Such Thing as a Business Cycle … Is the U.S. economy's current expansion past its sell-by date? Will we soon go back to the employment levels we had before 2008, or did the recession do lasting damage? Macroeconomists wrestle with these questions, but usually without much success. To understand why it's so hard to predict business cycles, you need to realize that...Read More
Frothy.com … A new tech bubble seems to be inflating. But when it pops, it should cause less damage than the dotcom crash of 2000 … In December, 15 years ago the dotcom crash was a few weeks away. Veterans of that fiasco may notice some familiar warning signs this festive season … Janet Yellen, the head of the Federal Reserve, has warned that social-media firms are overvalued&mda...Read More
Deflation Stalks the Globe … Crude oil trading at less than $60 a barrel for the first time in five years means lower gasoline prices and more money in consumer's pockets, right? And the knock-on effect of driving down consumer prices is great for everyone, correct? And the global economy needs all the help it can get as it drags itself out of recession, so what's not to love about l...Read More
Frothy.com … A new tech bubble seems to be inflating. But when it pops, it should cause less damage than the dotcom crash of 2000 … In December, 15 years ago the dotcom crash was a few weeks away. Veterans of that fiasco may notice some familiar warning signs this festive season … Janet Yellen, the head of the Federal Reserve, has warned that social-media firms are overvalued&mda...Read More
Deflation Stalks the Globe … Crude oil trading at less than $60 a barrel for the first time in five years means lower gasoline prices and more money in consumer's pockets, right? And the knock-on effect of driving down consumer prices is great for everyone, correct? And the global economy needs all the help it can get as it drags itself out of recession, so what's not to love about l...Read More
Russia's Problems Are Everyone's Problems … "Cyprus with nukes." That's how someone, maybe me, referred to Russia in an IM conversation this morning. It's not really a fair comparison; Russia is a vast country loaded with natural resources, not a tiny island banking haven. But it does express a very real fear: that the world is about to experience a major financial...Read More
EXCLUSIVE: New York Mag's Boy Genius Investor Made It All Up … In an exclusive Observer interview, Mohammed Islam, said to have investment returns of $72 million as a hs senior, admits he invented the whole story … It's been a tough month for fact-checking. After the Rolling Stone campus rape story unraveled, readers of all publications can be forgiven for questioning the proce...Read More
Russia's Problems Are Everyone's Problems … "Cyprus with nukes." That's how someone, maybe me, referred to Russia in an IM conversation this morning. It's not really a fair comparison; Russia is a vast country loaded with natural resources, not a tiny island banking haven. But it does express a very real fear: that the world is about to experience a major financial...Read More
EXCLUSIVE: New York Mag's Boy Genius Investor Made It All Up … In an exclusive Observer interview, Mohammed Islam, said to have investment returns of $72 million as a hs senior, admits he invented the whole story … It's been a tough month for fact-checking. After the Rolling Stone campus rape story unraveled, readers of all publications can be forgiven for questioning the proce...Read More
Ambrose Evans-Pritchard: Why Paul Krugman is wrong … Central banks can always create inflation if they try hard enough … He is wrong that you cannot create inflation when interest rates are at the zero bound, says Ambrose Evans-Pritchard … Professor Paul Krugman is the world's most influential commentator on economic issues by a wide margin. – UK TelegraphDominant Socia...Read More
Waters Warm, and Cod Catch Ebbs in Maine … In the vast gulf that arcs from Massachusetts's shores to Canada's Bay of Fundy, cod was once king. It paid for fishermen's boats, fed their families and put their children through college. In one halcyon year in the mid-1980s, the codfish catch reached 25,000 tons. Today, the cod population has collapsed. Last month, regulators effectiv...Read More