Wall Street Journal: Market News

Wall Street Journal: U.S. Business

  • Mnuchin Wants Debt-Limit Increase With No Conditions
    Treasury Secretary Steven Mnuchin asked Congress to increase the debt limit—without policy conditions attached to it—before lawmakers leave for their summer recess.
    - 4 hours ago, 24 May 17, 6:58pm -
  • Another Insurer Leaves Missouri's Affordable Care Act Exchange
    Blue Cross and Blue Shield of Kansas City says it lost more than $100 million through 2016 offering exchange insurance plans
    - 5 hours ago, 24 May 17, 6:46pm -
  • Fed Minutes Show Officials Ready to Raise Rates Again Soon
    Federal Reserve officials expected at their policy meeting earlier this month that it would “soon be appropriate” to raise short-term interest rates once again, according to minutes of the gathering released Wednesday, a signal the U.S. central b…
    - 5 hours ago, 24 May 17, 6:44pm -
  • J.Crew Boss Mickey Drexler Confesses: I Didn't Get the Web
    The retail legend says he didn’t understand how speed and price would drive internet shoppers. After 10 quarters of falling sales, the brand wants to create a more accessible image and add digital marketing.
    - 5 hours ago, 24 May 17, 6:24pm -
  • Health-Tech Startups Pivot as Obamacare Uncertainty Mounts
    Many health-technology startups are revamping their business strategies and others are finding it tougher to attract fresh capital amid the prospect of repeal of the Affordable Care Act.
    - 5 hours ago, 24 May 17, 6:15pm -
  • In Modern Cyber War, the Spies Can Become Targets, Too
    Over the past eight months, a mysterious hacking group released what it says are National Security Agency computer-espionage secrets. Former intelligence officials now fear the hackers are taking a new tack: exposing the identities of the NSA compute…
    - 5 hours ago, 24 May 17, 6:08pm -
  • GE Chief Adds Some Caution to 2018 Profit Goal
    Jeff Immelt, General Electric Co.’s chief, said the conglomerate would likely need additional cost cuts to reach a closely watched 2018 profit target, given current struggles in global oil and gas markets.
    - 5 hours ago, 24 May 17, 6:01pm -
  • World Trade Flows Suggest Strong Economic Growth This Year
    World trade flows grew in the first quarter, continuing a recovery that began in the second half of last year in an indication that the global economy may be set to enjoy a year of stronger growth.
    - 5 hours ago, 24 May 17, 5:58pm -

Robert Reich

  • Trump’s Cruel and Deviant Budget
    For years, conservatives warned that liberals were “defining deviancydownward.” They said that by...
    - 1 day ago, 23 May 17, 7:42pm -
  • Europe’s View of Trump
    European governments, preparing for a round of major summits with Donald Trump, are wary. I spent...
    - 4 days ago, 20 May 17, 1:04pm -
  • The End of Trump
    The question is no longer whether there are grounds to impeach DonaldTrump. It is when enough...
    - 11 days ago, 14 May 17, 8:56am -
  • Are There 22 Patriotic House Republicans?
    Trump warning to former FBI Director James Comey against leaking anything negative about him –...
    - 12 days ago, 12 May 17, 10:53pm -
  • The Moral Travesty of Trumpcare
    Shame on every one of the 217 Republicans who last Thursday voted to repeal the Affordable Care Act,...
    - 17 days ago, 7 May 17, 6:45pm -
  • Nos félicitations, Macron
    Emmanuel Macron is the next president of France, defeating his far right rival Marine Le Pen by a...
    - 17 days ago, 7 May 17, 6:37pm -
  • The Attack on Western Democracy
    Hopefully, Saturday’s hacked leaks purporting to show offshore accounts and tax evasion by France’s...
    - 18 days ago, 6 May 17, 8:14pm -

Naked Capitalism

Overcoming Bias

  • Design A Better Chess
    Friday the Wall Street Journal published my review of Garry Kasparov’s new book Deep Thinking. I end with: I’ve always been a bit skeptical of the high status of chess champions, whom many consider intellectuals (rather than, say, sports stars).…
    - 2 days ago, 22 May 17, 1:00pm -
  • I’m Not Seaing It
    Imagine you run a small business in an area where a criminal organization runs a protection racket. “Nice shop here, shame if something were to happen to it.” So you pay. Someone tells you that they’ve never seen payment demanded … Continue r…
    - 8 days ago, 16 May 17, 4:00pm -
  • When to Parrot, Pander, or Think for Yourself
    Humans are built to argue and persuade. We tend to win when we endorse arguments that others accept, and win even more when we can generate new arguments that others will accept. This is both because people notice who originated … Continue reading…
    - 11 days ago, 13 May 17, 7:15pm -
  • Compelling ≠ Accurate
    Bryan Caplan: As a rule, I don’t care for “hard sci-fi.”  In fact, artistically speaking, I normally dislike true stories of any kind.  And I barely care about continuity errors.  When I read novels or watch movies, I crave what … Continue…
    - 11 days ago, 13 May 17, 2:20pm -
  • What TED Needs
    Most people want, and gain value from, religious-like communities, strongly bonded by rituals, mutual aid, and implausible beliefs. (Patriotism and political ideologies can count here.) I once embraced that deeply and fully. But then I acquired a str…
    - 18 days ago, 6 May 17, 4:45pm -
  • Steven Levy’s Generic Skepticism
    Steven Levy praises TED to the heavens: Not every talk is one for the ages, but the TED News Feed is in sync with Ezra Pound’s insufficiently famous quote that “literature is news that stays news.” In TED’s world, at … Continue reading →
    - 24 days ago, 30 Apr 17, 3:35pm -
  • Superhumans Live Among Us
    Computers are impressive machines, and they get more impressive every year, as hardware gets cheaper and software gets better. But while they are substantially better than humans on many important tasks, still overall humans earn far more income from…
    - 33 days ago, 21 Apr 17, 2:51pm -
  • Mormon Transhumanists
    A standard trope of science fiction has religious groups using violence to stop a new technology. Perhaps because of this, many are surprised by the existence of religious transhumanists. Saturday I gave a keynote talk on Age of Em at … Continue re…
    - 43 days ago, 11 Apr 17, 10:50pm -
  • Hail Humans
    Humans developed a uniquely strong and flexible capacity for social norms (see Boehm). Because of this, the praise that humans most crave is an acknowledgment that we are principled. That is, that we (mostly) adhere to the norms of our … Continue r…
    - 52 days ago, 2 Apr 17, 6:25pm -
  • Fuller on Age of Em
    I’d heard that an academic review of Age of Em was forthcoming from the new Journal of Posthuman Studies. And after hearing about Baum’s review, the author Steve Fuller of this second academic review (which won’t be published for a … Continue…
    - 57 days ago, 28 Mar 17, 1:45pm -

Information Arbitrage

  • Recycling: The challenge and the opportunity for a Seed stage VC
    My recent post gave rise to a host of questions around the issue of recycling. What does it mean? How do you do it? And what are the implications for venture investors? I attempted to respond in a Tweetstorm, but recycling is a complicated issue that…
    - 5 Oct 16, 8:48pm -
  • The TTD Investment and the IA Ventures Model
    A Little HistoryIA Ventures began life a little less than seven years ago, just as the world was coming out of the worst economic crisis since the Great Depression. The term “Micro VC” had yet to be coined. “Big Data” was still somewhat myste…
    - 29 Sep 16, 1:25am -
  • Welcoming John to IA
    Brad, Jesse and I are happy to announce that our friend and colleague, John Hadl, is joining IA Ventures as Venture Partner, effective immediately. We have personally gotten to know John over the past four years due to our shared investment in PlaceI…
    - 12 Mar 15, 8:29pm -
  • Crowdfunding for start-ups: A durable trend or a bull market phenomenon?
    Angel investing is red hot as is the concept of crowdfunding start up investment. Part of this phenomenon has been driven by the emergence of AngelList, the brainchild of Naval Ravikant. What started out as a way for a curated set of angels to inves…
    - 23 Nov 14, 10:44pm -
  • Financial interaction: the next generation
    I have spent over 25 years creating, processing and analyzing financial transactions. I like studying them - a lot - whether an outgrowth of my time on Wall Street helping sophisticated entities manage risks, or through IA Ventures’ investments in…
    - 25 Feb 14, 10:43pm -
  • IA Ventures: Reflections on 2013
    2013 was a very different kind of year for IA Ventures. While the years 2010-12 were characterized by 8-10 new investments per year, in 2013 we invested in only three new companies: Data Robot; Digital Ocean (DO) and Sight Machine (SM). Digital Ocean…
    - 3 Jan 14, 8:28pm -
  • “If you can’t do something willingly and joyfully, then don’t do it. If you give...
    “If you can’t do something willingly and joyfully, then don’t do it. If you give up drinking, don’t go moaning about it; go back on the bottle. Do. As. Thou. Wilt." - The late Peter O'Toole
    - 16 Dec 13, 1:05pm -
  • Venture Capital and "Innovation"
    Many have recently been critical of the role of the venture industry in financing “true innovation.” The narrative goes something like this: “VCs are like lemmings, flocking to the latest consumer wave (mobile chat, ride-sharing, etc.) in searc…
    - 16 Dec 13, 2:41am -
  • Evidence is mounting that people at the bottom are increasingly stuck without skills or pathways to...
    Evidence is mounting that people at the bottom are increasingly stuck without skills or pathways to rise. Research from the Federal Reserve Bank of Boston shows that in the 1980s, 21 percent of Americans in the bottom income quintile would rise to…
    - 15 Dec 13, 1:51pm -
  • Soft is the new Hard
    I live in a world where engineering and technical talent is valued above all others, where the Holy Grail is a “coding ninja” who can crank out oodles of elegant code at a breakneck pace. These people speak a language that is distinct and only un…
    - 14 Nov 13, 4:32am -