- Long live populism! - Thomas Piketty
- Fake Economics and the media - mainly macro
- The Discount Rate for the Social Cost of Carbon - RegBlog
- Monetary Policy in a Time of Uncertainty - Lael Brainard
- Evolving Consumer Behavior - Bill Dudley
- Shilling for Bitcoins - Uneasy Money
- Ending too big to fail - VoxEU
- Finance and growth: The direction of causality - VoxEU
- Royal Economic Society Webcasts on Econometrics - Dave Giles
- China’s Reserves Fell by Around $45 Billion in December - Brad Setser
- Signals intelligence and the management of military competition - Understanding Society
- The Evolution of Medicaid and Health Financing Reform - Tim Taylor
- On Brexit over-optimism - Stumbling and Mumbling
In the sappiest of sappy interviews, outgoing vice president Joe Biden looks back, and forward. ‘I Wish to Hell I’d Just Kept Saying the Exact Same Thing’ says Biden in a New York Times interview.
The title is cryptic but it pertains to a speech Biden gave in July that he wishes he repeated more often instead of attacking Trump.
Religious Figure, Astronomer, Scholar, Scientist, Mathematician (1473–1543) Nicolaus Copernicus – Beyond the Big Bang Source: Biography
The post Copernicus: Religious Figure, Astronomer, Scientist, Mathematician appeared first on The Big Picture.
Lost in the cheering over news that president Obama commuted the sentence of Chelsea Manning is one simple idea: justice delayed is not justice served.
The fact of the matter is Chelsea Manning is a hero who should not have been convicted of anything.
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Natural gas, steel, and gold miners have been the best performers of the past week with highly volatile Turkey also delivering a strong performance. South Korea was the best-performing country ETF over the last five sessions while LatAm and industrial metals have been strong too. Biotech, banks, pharma, and financials have underperformed in the past week as the markets continue to evaluate the policy platform of the incoming President.
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Live from Massively Dysfunctional California Hall: I can think of nothing worse for alumni relations, development, and fund-raising in the long run than this kind of disruptive nickel-and-diming of students.
Harvard finally realized this: it got rid of the infamous "red dot". Berkeley has not. You don't have to have been dropped from your courses and be unable to get them back for this to matter. All you have to have is a roommate or a friend who was. And all of a sudden you are not in a long-term gift-exchange relationship with Berkeley any more...
In my inbox right now:
The CalCentral system dropped 145 students last night at midnight for nonpayment of fees. They were dropped from all of their classes. And if the class had a waitlist (as many of ours do), their seat was immediately given away to someone on the waitlist.
I've talked with 3 students already.... In two of the three cases, it was a CalCentral glitch, not a true non-payment of fees.... Please be sympathetic and help these students re-enroll in your course.
Mortgage rates moved lower today, generally recovering the losses seen last Friday. This brings many lenders back in line with the lowest levels since November 17th, although last Wednesday (Jan 11) was slightly better on average. There hasn't been enough volatility to unseat 4.125% as the most prevalent 30yr fixed "note rate" on top tier scenarios. As such, today's improvement is limited to "effective rates" (which take closing costs into consideration)..Wednesday:
• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• 8:30 AM, the Consumer Price Index for December from the BLS. The consensus is for 0.3% increase in CPI, and a 0.2% increase in core CPI.
• At 9:15 AM: The Fed will release Industrial Production and Capacity Utilization for December. The consensus is for a 0.6% increase in Industrial Production, and for Capacity Utilization to increase to 75.4%.
• At 10:00 AM, The January NAHB homebuilder survey. The consensus is for a reading of 69, down from 70 in December. Any number above 50 indicates that more builders view sales conditions as good than poor.
• During the day, The AIA's Architecture Billings Index for December (a leading indicator for commercial real estate).
• At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
• At 3:00 PM, Speech, Fed Chair Janet Yellen, The Goals of Monetary Policy and How We Pursue Them, At the Commonwealth Club, San Francisco, California