By Michael Gorback, M.D.: When you buy health insurance, you only think you know what you’re buying. You know parameters such as the deductible, coinsurance, and other nonspecific things. But the devil doesn’t lurk in nonspecific things.
“Recently, the billionaire venture capitalist Vinod Khosla went hunting for one-bedroom apartments in San Francisco....” And then he opened his mouth.
By Chriss Street: After their May 21 meeting, the Fed stated that they saw no inflation risk in fueling job growth. Then came the JOLTS report for jobs and hiring that Fed Chair Yellen said she closely follows. And it was red hot.
By Danny O'Brien: For fear that “non-censored information could challenge military rule and the state on the whole,” even “liking” an article critical of the junta is a crime.
By Dan Ferris: Buffett is the greatest investor, the "gold standard" for ideas about corporate governance, the bastion of good corporate behavior, a virtuoso capitalist, an unbeatable teacher. Or was. And now, I'm telling readers to sell his stock.
By Nick Cunningham: OPEC’s second largest oil producer, Iraq, is in severe disarray just as the world has come to rely on its oil for greater energy supplies.
State and city pension plans have been in a heap of trouble for years. What they need in order to be there in the future is a booming economy year after year and endlessly inflating asset bubbles. Otherwise, forget it. And even then, there's a $1.1 trillion hole.
By Alex Hillsberg and David Adelman: The tricks that ads use to fools us would be hilarious, if it weren’t so serious. These photos of ads and reality will make you laugh, squirm, and gnash your teeth all at the same time.
Wiping out in one fell swoop six years of carefully orchestrated propaganda, St. Louis Fed President James Bullard admitted the Fed had dropped the ball during the prior bubble that blew up the financial system, and that it's dropping the ball again during the current bubble.
There comes a time when risk just disappears, when nothing can go wrong, when there are no dark clouds on the horizon. The Fed has a measure for it: the Financial Stress Index.
Executive Report with ISA Intel: The EPA’s proposed rule to reduce greenhouse gases from power plants is a colossal move for the electric power sector and strikes at the heart of the coal industry. But there are big winners.
By Don Quijones: The establishment, both inside and outside Spain, is alarmed at the scale and intensity of public anger in the country.
The European economy has been on a phenomenal roll since 2012, according to the soaring Stoxx 600 stock index. Recessions, unemployment fiascos, toppling banks, collapsing auto sales... they didn’t exist. But what the heck is wrong with this picture?
Record bullishness about the S&P 500! But beneath the largest stocks, volatility has taken over ruthlessly, the market is in turmoil, people are dumping stocks wholesale, dreams and hopes are drowning in red ink, and Wall Street doesn't want you to see it.
Katitza Rodriguez: On June 4, 2014, one day before the Snowden anniversary, Poland celebrates 25 years since the fall of an authoritarian regime. Obama is in Poland, meeting with many heads of states—including those caught up in the NSA’s surveillance scandal.
When the home-sales curve kinked south last fall, soothsayers had some handy reasons. And it would be temporary. Month after month, they came up with new reasons. Now they’ve used up all the good ones, but sales are still tanking.