Wall Street Journal: Market News

Wall Street Journal: U.S. Business

Robert Reich

  • Remembering my date with Hillary
    Last Tuesday, during a Guardian Live interview, Hillary Clinton said the United States remained in a...
    - 67 days ago, 29 Sep 21, 10:01pm -
  • The Secret to Actually Taxing the RichTaxing the rich doesn’t...
    The Secret to Actually Taxing the RichTaxing the rich doesn’t just entail closing tax loopholes and instituting a new wealth tax. It also means ensuring they pay what they owe in the first place — and that means boosting the Internal Revenue Serv…
    - 67 days ago, 29 Sep 21, 7:04pm -
  • The Week of Two High-Stakes Games of Chicken
    This week, two high-stakes games of chicken. The first is between Senate Democrats and Senate...
    - 69 days ago, 28 Sep 21, 3:49am -
  • When I was at law school with Clarence ThomasSign up at...
    When I was at law school with Clarence ThomasSign up at https://robertreich.substack.com/ for more articles and drawings, delivered straight to your inbox.Just one year after Ruth Bader Ginsburg died, Republican nominees on the Supreme Court are on t…
    - 71 days ago, 26 Sep 21, 5:16pm -
  • What should we do about the debt ceiling, and why should you...
    What should we do about the debt ceiling, and why should you care?OMG! The DEBT CEILING FIGHT is back.Many of you may be asking yourself: what the hell is the debt ceiling? In brief, it’s the limit on how much the government is allowed to borrow to…
    - 73 days ago, 24 Sep 21, 2:52pm -
  • Why Are House Democrats So Reluctant to Tax Wealth?I have to get...
    Why Are House Democrats So Reluctant to Tax Wealth?I have to get this off my chest. Last week, the House Ways and Means Committee released its proposed tax increases to fund President Biden’s $3.5 trillion social policy plan.Here’s the big thing…
    - 75 days ago, 22 Sep 21, 2:05am -
  • This Week
    Think of the upcoming week as prelude to the big action: With both chambers of Congress now back in...
    - 76 days ago, 20 Sep 21, 9:42pm -

Naked Capitalism

Overcoming Bias

  • On Evolved Values
    Biological evolution selects roughly for creatures that do whatever it takes to have more descendants in the long run. When such creatures have brains, those brains are selected for having supporting habits. And to the extent that such brains can ……
    - 14 hours ago, 5 Dec 21, 4:25pm -
  • Argument Foreplay
    The most prestigious articles in popular media tend to argue for a (value-adjacent) claim. And such articles tend to be long. Even so, most can’t be bothered to define their terms carefully, or to identify and respond to the main … Continue readi…
    - 9 days ago, 27 Nov 21, 4:40pm -
  • The Coming World Ruling Class

    - 15 days ago, 20 Nov 21, 10:44pm -
  • Will World Government Rot?
    We have seen a centuries-long increase in the scale and scope of governance, and today we see many forms of global governance. While the literature has so far identified many costs and benefits of global governance, I here suggest that … Continue r…
    - 16 days ago, 20 Nov 21, 2:00am -
  • Minds Almost Meeting
    Many travel to see exotic mountains, buildings, statues, or food. But me, I want to see different people. If it could be somehow arranged, I’d happily “travel” to dozens of different subcultures that live within 100 miles of me. But … Continu…
    - 26 days ago, 10 Nov 21, 1:20pm -
  • What I Hold Sacred
    Someone recently told me that I stood out compared to other writers in never seeming to treat anything as sacred. Which seemed to them awkward, odd, and implausible, as much as the opposite writers who seem to treat most all … Continue reading →
    - 32 days ago, 3 Nov 21, 8:50pm -
  • ‘The Profit’ Socialism Challenge

    - 35 days ago, 31 Oct 21, 6:40pm -
  • An ‘Amazon’ of Online College?
    Once upon a time, stores sold things. Some stores specialized in selling particular things, while “department” stores sold a wider range of things. While there were some scale economies in branding and distribution, they were mild enough to allow…
    - 37 days ago, 30 Oct 21, 3:30pm -
  • What Makes Stuff Rot?
    Here is a deep and important theory question: What determines when familiar systems and other structures decay and become less functional, versus when they remain stable or improve in functionality with time? I call this a theory question because we…
    - 45 days ago, 22 Oct 21, 3:45pm -
  • Are Political Freedoms a Fluke?
    Through most of history, econ density and development went with less political freedom: For most of the past 5,000 years, … kingdoms and empires were ‘exceptional islands of political hierarchy, surrounded by much larger territories whose inhabit…
    - 47 days ago, 19 Oct 21, 6:45pm -

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 -