Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
I was talking to someone who works at one of those half-dozen or so apps that we tend to associate with teenagers: the ones that were built around some novel concept that distracted everyone for a few years while they settled into their roles as slightly different ways to text. He mentioned something, offhand, while…
WASHINGTON, Feb 5 (Reuters) – – The U.S. trade deficit in December widened sharply to its highest level since 2012 as imports rose despite a lower energy bill, which could see the fourth-quarter growth estimate revised down. The Commerce Department said on Thursday the trade deficit jumped 17.1 percent to $46.6 billion, the largest since…
According to its publisher, at the spike of its popularity, two copies of E.L. James’ 50 Shades of Grey trilogy were being sold every second. In accessible terms, that works out to more than one hundred million copies sold, to date. Let’s undertake a thought experiment. Imagine that—rather than paper and ink—each of those books…
The internet has made everybody audible. And, as a result, anybody can become a victim of a pitchfork-wielding mob, if you happen to say something online that the mob wants silenced. Nowhere has this reality been clearer than in the backlash against nascent feminism on Twitter. Simply sharing an anecdote or observation has become an…
And so after that epic 5.0% Q3 GDP print, driven largely by Obamacare, the payback begins, and the annualized Q4 GDP print, which came in at nearly half the previous quarter run rate, or 2.6%, is about to tumble by another ~0.5% following the just released trade data for December which saw a 17.1% surge…
Photo Outside the Anthem headquarters in Indianapolis. Anthem said it detected a data breach on Jan. 29, and that it was working with the Federal Bureau of Investigation. Credit Darron Cummings/Associated Press close shareTools Anthem, one of the nation’s largest health insurers, said late Wednesday that the personal information of tens of millions of its…
It all makes perfect sense. Challenger announced this morning that layoffs in January soard 17.6% year-over-year with planned job cuts at the highest level in almost 2 years… Jobless claims in Shale states continues to trend higher as oil prices collapse… but initial jobless claims beat expectations – hovering near cycle lows – though did…
Employers cut 53,041 jobs in January as the energy industry slashed positions in the face of falling oil prices, Challenger, Gray & Christmas reported. Layoffs hit nearly 2-year high in Jan: Challenger – Yahoo Finance.
If you have been a regular reader of mine, you are probably familiar with several things about me: First, you know I have been a steadfast bull during the entire rise in the stock market. It isn’t that I am such a genius or especially lucky. I just would rather not guess when the bull…
By MARTIN CRUTSINGER AP Economics Writer5:38 a.m.Feb. 5, 2015 In this Jan. 12, 2015 photo, a workman moves along a commercial construction site in Philadelphia. The Labor Department reports its first estimate for productivity in the fourth quarter of 2014 on Thursday, Feb. 5, 2015. (AP Photo/Matt Rourke) WASHINGTON (AP) — U.S. worker productivity went…