Wall Street Journal: Market News

Wall Street Journal: U.S. Business

  • Facebook Plans to Let Users Know if They Followed Russian Pages
    Facebook Inc. on Wednesday said it plans to tell millions of users who liked or followed any of the 290 Facebook and Instagram pages created by Russian actors that they were ensnared in an alleged misinformation campaign around the U.S. presidential…
    - 2 mins ago, 22 Nov 17, 6:32pm -
  • Exxon, Shell, BP Join Forces to Cut Emissions From Natural Gas
    Exxon Mobil Corp. has joined with seven other big energy companies to reduce pollution from natural gas production, an effort by the industry to present itself as part of the solution as governments and consumers demand more environmentally friendly…
    - 3 mins ago, 22 Nov 17, 6:31pm -
  • Stop Using Excel, Finance Chiefs Tell Staffs
    CFOs say the ubiquitous spreadsheet software that revolutionized accounting in the 1980s hasn’t kept up with the demands of contemporary corporate finance units.
    - 4 mins ago, 22 Nov 17, 6:30pm -
  • Robots May Make Radiologists' Jobs Easier, Not Redundant
    Scientists recently said an artificial intelligence program diagnosed pneumonia on chest X-rays more accurately than human radiologists. Should radiologists worry? Probably not. AI is more likely to make their jobs easier, not less necessary.
    - 38 mins ago, 22 Nov 17, 5:56pm -
  • Trump Administration Blasts Mexico, Canada For Limited Nafta 'Headway'
    U.S. Trade Representative Robert Lighthizer issued a downbeat assessment Tuesday of efforts to rewrite Nafta, decrying ‘a lack of headway’ and criticizing Canada and Mexico for refusing to ‘seriously engage’ on controversial U.S. proposals ai…
    - 54 mins ago, 22 Nov 17, 5:40pm -
  • U.S. Consumer Sentiment Pulled Back in November
    A measure of U.S. consumer sentiment pulled back in November but remained high, a sign of still-solid economic optimism headed into the holiday shopping season.
    - 2 hours ago, 22 Nov 17, 4:56pm -
  • P&G Says Still Reviewing Razor-Thin Proxy Vote
    Procter & Gamble said it is continuing to review the official tally of the hotly contested proxy contest with activist Nelson Peltz but hasn’t decided whether to formally challenge the results, which showed the company lost by a thin margin.
    - 2 hours ago, 22 Nov 17, 4:52pm -
  • A Broadcom-Qualcomm Deal Would Face a Regulatory Minefield
    Broadcom’s $105 billion gambit to acquire Qualcomm faces challenges not only in winning over shareholders but in navigating a host of potential roadblocks from regulators.
    - 2 hours ago, 22 Nov 17, 4:49pm -

Robert Reich

  • The New Poll Tax Hundreds of thousands of Americans are being...
    The New Poll Tax Hundreds of thousands of Americans are being denied the right to vote because they are poor. In nine states, Republican legislators have enacted laws that disenfranchise anyone with outstanding legal fees or court fines. For example,…
    - 2 days ago, 20 Nov 17, 10:44pm -
  • The Backlash Against the Bullies
    Why are so many women now speaking out about the sexual abuses they’ve experienced for years? Is...
    - 4 days ago, 19 Nov 17, 1:08am -
  • Patriotism, Taxes, and Trump
    Selling the Trump-Republican taxplan should be awkward for an administration that has made...
    - 10 days ago, 13 Nov 17, 2:01am -
  • A YEAR WITHOUT A PRESIDENTIt seems like forever,but it was just...
    A YEAR WITHOUT A PRESIDENTIt seems like forever,but it was just one year ago that Donald Trump was elected president. So whathave we learned about the presidency and who is running the country? 1. The first big thingwe’ve learned is that Trump…
    - 16 days ago, 6 Nov 17, 10:02pm -
  • Trump’s Most Damning Legacy
    In a radio interview onThursday, Trump said “the saddest thing is, because I am the President of...
    - 18 days ago, 4 Nov 17, 7:41pm -
  • TRUMP’S TROJAN HORSE TAX CUTThe goal of Trump andthe Republican...
    TRUMP’S TROJAN HORSE TAX CUTThe goal of Trump andthe Republican leaders is to pull off a giant redistribution of over $1trillion from the middle-class, working-class, and poor to the rich, who arealready richer than ever.They’re selling thist…
    - 21 days ago, 1 Nov 17, 4:21pm -
  • The Huge Tax Heist
    You know the plot: The bank robbersset off a bomb down the street from the bank, and while...
    - 24 days ago, 29 Oct 17, 3:45pm -

Naked Capitalism

Overcoming Bias

  • Authentic Signals
    Many people (including me) claim that we eat food and drink water because without nutrition and fluids we would starve and dehydrate. Imagine this response: No, people eat food because they are hungry, and drink water because they are thirsty. … Co…
    - 4 days ago, 18 Nov 17, 8:35pm -
  • Villain Markets
    Imagine that you have a large pool of cases, where in each case you weakly suspect some sort of villainous stink. But you have a limited investigative resource, which you can only apply to one case, to sniff for stick … Continue reading →
    - 11 days ago, 11 Nov 17, 7:30pm -
  • More Prediction Market Criticism
    Back in August I commented on a paper by Mike Thicke that criticized prediction markets: With each of his reasons, Thicke compares prediction markets to some ideal of perfection, instead of to the actual current institutions it is intended to … Con…
    - 13 days ago, 9 Nov 17, 3:07pm -
  • How Big Future Change?
    The world has seen a lot of very big changes over the last few centuries. Many of these changes seem so large, in fact, that it is hard to see how changes over the next few centuries could be remotely … Continue reading →
    - 18 days ago, 4 Nov 17, 8:40pm -
  • All Pay Liability
    We could raise government revenue much more efficiently than we now do, with less damage to the economy for any given amount of revenue raised. For example, we could tax fixed characteristics like height instead of income, we could tax … Continue r…
    - 19 days ago, 3 Nov 17, 8:00pm -
  • Hypocrisy As Key To Class
    Two examples of how a key to achieving higher social class is to learn the right kinds of hypocrisy: Working-class students are more likely to enter college with the notion that the purpose of higher education is learning in the … Continue reading…
    - 23 days ago, 30 Oct 17, 2:45pm -
  • Yay Stability Rents
    Six years ago I posted on the idea of using combinatorial auctions as a substitute for zoning. Since then, news on how badly zoning has been messing up our economy has only gotten worse. I included the zoning combo auction … Continue reading →
    - 33 days ago, 20 Oct 17, 5:15pm -
  • Markets That Explain, Via Markets To Pick A Best
    I recently heard someone say “A disadvantage of prediction markets is that they don’t explain their estimates.” I responded: “But why couldn’t they?” That feature may cost you more, and it hasn’t been explored much in research or develo…
    - 39 days ago, 14 Oct 17, 10:10pm -
  • A Wonk’s First Question
    Imagine you are considering a career as a paid policy wonk. You wonder which policy area to work in, and which institutions to affiliate with. If you want to influence actual policy, rather than just enjoying money and status, your … Continue readi…
    - 44 days ago, 10 Oct 17, 1:50am -
  • Reply to Christiano on AI Risk
    Paul Christiano was one of those who encouraged me to respond to non-foom AI risk concerns. Here I respond to two of his posts he directed me to. The first one says we should worry about the following scenario: Imagine … Continue reading →
    - 51 days ago, 2 Oct 17, 9:45pm -

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 -