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Here's What They Don't Tell You About Getting Into An Ivy League School
College admissions is a mysterious process, and admissions offices do their best to keep it that way. To get the real story on affirmative action and other hot topics, we talked to a former admissions...
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Argentina's Debt Picture Looks Increasingly Disastrous
WHEN Argentina proposed a brutal 65% haircut to holders of its defaulted sovereign bonds in a 2005 restructuring, one argument the country’s officials used to justify the offer was that the country...
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Former Chinese Official Sheds Light On The Dark Side Of Power
"Politics is an ugly business," says an official in Chinese author Wang Xiaofang's novel, The Civil Servant's Notebook. "You always need to keep a knife in reserve, even for your own boss." Delving...
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Americans Are Miserable, But History Says They'll Reelect Obama
It makes sense that the trajectory of the economy would be a major factor in how Americans would vote on Election Day. But what are the most important economic metrics? In a new note to clients,...
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Here Are The Charts That Should Get Obama Reelected...
Mitt Romney keeps saying that President Obama can't run on his record. That's ridiculous. Obama's record, at least with respect to the economy, has been strong--especially relative to the economy of...
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China's Huge September Export Number Looks Like A 'One-Time Blip'
Earlier this weekend, China reported its September trade data. Imports returned to growth and export growth accelerated 9.9 percent, which was more than the 5.5 percent growth economists had expected....
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How 'Black Monday' Sowed The Seeds Of The Current Financial Crisis
'Earlier on today, apparently, a woman rang the BBC and said she'd heard there was a hurricane on the way. Well, if you're watching, don't worry, there isn't." So said BBC weatherman Michael Fish on 15...
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Dylan Grice Sees One Positive Trend In China
Societe Generale's Dylan Grice thinks we're already seeing a hard landing in China. He sat down to talk to us about what got the economy there, the problem with its monetary and policy, and the one...
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This is What Stock Market Technical Analysis Was Like in the 70′s
Earlier this week I walked over to the MTA headquarters to find out what Ralph Acampora was talking about the other day. If you recall, at the end of our one-on-one interview, Ralph said that I had to...
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Conditions In Iran Are Becoming Increasingly Desperate
More worrisome signs are emerging of deteriorating economic conditions in Iran. Here are some of the latest news quotes: 1. Crude output is slowing. NYT: - Daily oil production in Iran, the most...
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GAME-CHANGER IN US WIRELESS: Softbank Buys 70% Of Sprint
Softbank and Sprint have reached a deal under which Softbank will pay $20 billion for a 70 percent stake in the wireless telecom operator, according to people close to the situation. The deal is...
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Wells Fargo's John Silvia Ends The Unemployment Rate Debate With This Report
“‘If I could write that tweet again, I would have added a few question marks at the end‘ in order to ‘make it clear I was raising a question,’ he wrote. Still, he added, the dip in unemployment is...
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How Steinway Survived 160 Years Of Economic Turmoil And Continues To Make The...
Three years into the recovery from the Great Recession, the Steinway & Sons factory in Astoria is getting back to normal. The company, a subsidiary of Steinway Musical Instruments, has two...
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Ben Bernanke Is Rattling His Monetary Saber At China
Ben Bernanke has been “littering” all over the globe for years. Quite a few countries have had to clean up after he has scattered some “trash”. Bernanke acknowledged that he has been littering outside...
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Baseball Umpires Blow Another Call, MLB Stays In Denial
Last night, an umpire in the Yankees-Tigers playoff series blew a call at first base that cost the Yankees a run. It wasn't a "close" call or a "judgement" call. It was an incorrect call. Every replay...
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The Week Begins And Markets Are Going Down
The tone is generally risk off to start the week. US futures are modestly lower. Risk currencies like the Aussie dollar and the euro are lower as well. And here's the Nikkei, off 0.33%. Over the...
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Ben Bernanke's New Speech Is For Everyone Who Has Ever Talked About 'Currency...
Currency Wars is the term coined by Brazilian finance minister Guido Mantega to describe what he saw as the dangerous ramifications of ultra-loose US monetary policy. Mantega (and others) believe that...
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There Were Some Controversial Chinese Trade Figures This Weekend — And Now...
There were some controversial Chinese trade figures that came out this weekend. Exports all around the world grew more than expected. The gain of 9.9% was well ahead of the 5.5% that was expected. But...
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The Nobel Prize In Economics Comes Out Monday — Here's Who Has The Best Shot...
Americans top the list of favourites for Monday's Nobel Economics Prize, an award that increasingly rarely seems to go to a European. The European Union was handed this year's Nobel Peace Prize, but it...
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SUMMERS: The World Is Stuck In A Vicious Cycle
Former Harvard president and former Obama economic advisor Larry Summers writes in the FT today that the debate between fiscal hawks and doves has paralyzed the global economy. He refers to it as a...
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