Popular car-sharing startup Lyft has raised $60 million in a major new round of funding led by Andreessen Horowitz, the …
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Japan Market Crash: A Slow Leak in the “Central Bank Bubble”
There’s a truism in investing that the last one into a market is the first one out. And that certainly seems to be the case today, with Japan’s Nikkei index crashing off the back of two things: First, hints from the Federal Reserve that the U.S. economy is improving enough to justify a slow pull-back from the central bank’s …
Oklahoma’s Dangerous Dearth of Storm Cellars
UPDATED 5/22/13 12:30 pm
The deadly tornadoes that struck outside Oklahoma City on Monday have a lot of people asking why there aren’t more storm cellars and safe rooms in the area, which would have enabled more residents to shelter safely.
Glenn Lewis, the mayor of devastated Moore, Oklahoma, said today that he wants to pass a law …
The Unspeakably Wonky Idea That Can Solve the Corporate Tax Debate
Kentucky Senator Rand Paul isn’t happy that Apple executives are being questioned by the Senate Permanent Subcommittee on Investigations today regarding their tax avoidance strategies. Apple is completely justified, Paul argued, in paying as little in taxes as is legally acceptable. “Instead of Apple executives we should have brought in …
Inside Yahoo!’s Tumblr Deal: Here’s Who Hit the Billion Dollar Jackpot
It will likely be years before we know if Yahoo!’s blockbuster $1.1 billion deal to buy social blogging platform Tumblr was a success. But 24-hours after the deal was officially announced, a few things are certain: The deal …
Apology Not Accepted: The Right — and Wrong — Way to Say You’re Sorry
A great deal has been written about Harvard University professor Niall Ferguson’s controversial comments about the late economist John Maynard Keynes. (The short version: Keynesian economic theory, Ferguson suggested, is flawed because Keynes himself was gay and childless — and consequently blind to the dangerous long-term
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When Good Things Happen To Bad People: Disturbing News About Workplace Bullies
As if life isn’t unfair enough for the alarming number of people who are bullied at work—or otherwise adversely affected by such behavior—recent research suggests that a lot of workplace bullies achieve high levels of career success. In fact, their bullying and on-the-job achievements might just be related.
Republicans Seem to Be Out of Economic Ideas — Here Are Two Suggestions
If you think about thrift as a moral quality, it’s easy to understand why Republicans have gotten things so wrong in terms of macroeconomic policy over the past few years
The IRS Was Wrong — But Many Political Groups Should Not Be Tax-Exempt
Let’s start with the obvious. Those IRS employees who singled out conservative groups for scrutiny over their tax-exempt status were wrong, wrong, wrong. Any whiff of politics at the agency is unacceptable, and this is far more than a whiff. In time, we shall see how far up the agency food chain the scandal goes.
But this unsavory …
John McCain Wants to Lower Your Cable Bill
In an ideal world, television viewers would only pay for those shows and channels that they actually care about. The concept, known as TV a la carte, has been a pipe dream of cord cutters and disgruntled cable subscribers for years. Thursday the movement received a significant boost from an unlikely political ally: John McCain.
The
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New Hope for Underwater Homeowners
Given the consistently good news we’ve seen from the housing market, it can be easy to forget just how much damage the bursting of the real estate bubble has wrought on the economy and the lives of average people across the …
Apple: What’s Eating America’s Favorite Tech Company?
Since September, Apple’s stock price has declined by 40%, wiping out hundreds of billions of dollars in shareholder value and costing the tech giant the title of world’s largest firm by market capitalization, a distinction that …
