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Consumer Income & Savings Rate Revised Massively Higher for 2 Years, Spending Revised Up Too. Stunning Numbers
Wolf Richter | September 28
Our Drunken Sailors earned and saved a lot more than we thought, spent more too, causing substantial up-revisions to […]
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New Email Scam Includes Pictures of Your House. Don’t Fall For It.
Cooper Quintin | September 27
You may have arrived at this post because you received an email with an attached PDF from a purported hacker who is […]
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Fed Favored Annual Core PCE Price Index Accelerates to 2.7%, Highest since April, on Higher Core Services Inflation (+3.8%). Durable Goods -2.2%, Energy -10%
Wolf Richter | September 27
Housing costs jumped. Stubbornly high housing inflation has frustrated Powell for a long time.
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How Dutch Central Bank played a role in establishing Turkey’s Central Bank
Amol Agrawal | September 27
Interesting bit of history by Klaas Knot, Governor of Dutch Central Bank: I am delighted to be here in your country to […]
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Alfred Marshall’s Scissors
Amol Agrawal | September 27
Michael Munger of AIER has an interesting post on applying Alfred Marshall’s scissors to figure business of Grocery […]
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Corporate Pricing Power and Therefore Inflation Not Vanquished, Says Renewed Spike in Corporate Profits in Most Industries
Wolf Richter | September 26
More evidence that underlying inflation dynamics are thriving.
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FTC Report Confirms: Commercial Surveillance is Out of Control
Lena Cohen | September 26
A new Federal Trade Commission (FTC) report confirms what EFF has been warning about for years: tech giants are widely […]
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The UN General Assembly and the Fight Against the Cybercrime Treaty
Katitza Rodriguez | September 26
Note on the update: The text has been revised to reflect the updated timeline for the UN General Assembly’s […]
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Wassily Leontief’s Research Program: Science, Beliefs, Institutions
Amol Agrawal | September 26
Vincent Carret writes an interesting paper on Wassily Leontief: Wassily Leontief met with decades of success for the […]
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Tribute to Prof C. T. Kurien and Rethinking Economics
Amol Agrawal | September 26
Prof Alex Thomas pays tribute to Prof CT Kurien: Born in 1931, C. T. Kurien contributed to rethinking economics through […]
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Digital ID Isn't for Everybody, and That's Okay
Alexis Hancock | September 25
How many times do you pull out your driver’s license a week? Maybe two to four times to purchase age restricted […]
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Here Comes the Inventory of New Spec Houses, Highest since 2009. Sales Jump, Builders Take Share from Homeowners
Wolf Richter | September 25
This buildup of completed single-family houses is a factor in resolving the price dislocations of the overall housing […]
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Calls to Scrap Jordan's Cybercrime Law Echo Calls to Reject Cybercrime Treaty
Jillian C. York | September 25
In a number of countries around the world, communities—and particularly those that are already vulnerable—are […]
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Patient Rights and Consumer Groups Join EFF In Opposing Two Extreme Patent Bills
Joe Mullin | September 25
Update 9/26/24: The hearing and scheduled committee vote on PERA and PREVAIL was canceled. Supporters can continue […]
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92 percent of retail investors lose in Futures and Options markets
Amol Agrawal | September 25
In Jan 2023, SEBI had published a study which showed 89-90% of retail traders lost money in F&O markets in FY 22. […]
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The Nonbank Footprint of Banks
Amol Agrawal | September 25
Nicola Cetorelli and Saketh Prazad in this NY Fed reearch show how US banks are increasingly getting into NBFC […]
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Manipulation in Financial Markets –Navigating from Origins to Strategies
Amol Agrawal | September 25
Vardhana Pawaskar and Priyanka Shiraly in this new CCIL article provides “an overview of market manipulation, traces […]
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Who Holds all these US Treasury Securities? Update on the Investors in the Ballooning US National Debt in Q2
Wolf Richter | September 25
As the Fed is unloading them, others are loading up.
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EFF to Federal Trial Court: Section 230’s Little-Known Third Immunity for User-Empowerment Tools Covers Unfollow Everything 2.0
Sophia Cope | September 24
EFF along with the ACLU of Northern California and the Center for Democracy & Technology filed an amicus brief in a […]
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Job Losses Pile Up at Tech & Social Media Companies in San Francisco & Silicon Valley after Reckless Hiring Frenzy
Wolf Richter | September 24
A reckoning with budding parallels to the Dotcom Bubble & Bust, while other sectors continue to grow. Unemployment […]
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Why do banks fail? Study of bank failures in US from 1865-2023
Amol Agrawal | September 24
A new NY Fed paper by Sergio Correia, Stephan Luck, and Emil Verner studies bank failures in US from 1865-2023: Why do […]
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Priority Sector Lending: The Indian Experience
Amol Agrawal | September 24
Sambhavi Dhingra, Arpita Agarwal, and Snehal S. Herwadkar of RBI in this RBI Bulletin article reviews ‘Priority […]
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Days after Rate Cut, S&P’s Flash PMI Sees Rising Inflation and Exhorts the Fed to “Move Cautiously” with “Further Rate Cuts”
Wolf Richter | September 23
“The “reacceleration of inflation” suggests “the Fed cannot totally shift its focus away from its inflation […]
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EFF to Supreme Court: Strike Down Texas’ Unconstitutional Age Verification Law
Hudson Hongo | September 23
New Tech Doesn’t Solve Old Problems With Age-Gating the Internet WASHINGTON, D.C.—The Electronic Frontier […]
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Mining Chinese Historical Sources At Scale: A Machine Learning-Approach to Qing State Capacity
Amol Agrawal | September 23
Fascinating new NBER paper by Wolfgang Keller, Carol H. Shiue & Sen Yan: Primary historical sources are often […]
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Low-carbon technologies need far less mining than fossil fuels
Hannah Ritchie | September 23
Mining for coal is much more resource-intensive than renewables or nuclear power.<br><br><a […]
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The Yield Curve Before & After the Rate Cut: Why Have Longer-Term Yields Risen since the Rate Cut? Already Priced in? Inflation Concerns as Policy Loosens in a Decent Economy?
Wolf Richter | September 22
Mortgage rates also ticked up.
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Tesla Model Y Now Just a Hair from #1 Bestselling Model in the US, Toyota RAV4. Former #1 Ford F-150 is #3. Stellantis Plunges off Greed Cliff. EV Share Rises to 9.0%
Wolf Richter | September 20
Rankings of top models & automakers by registrations in the US.
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Prison Banned Books Week: Being in Jail Shouldn’t Mean Having Nothing to Read
Will Greenberg | September 19
Across the United States, nearly every state’s prison system offers some form of tablet access to incarcerated […]
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Square Peg, Meet Round Hole: Previously Classified TikTok Briefing Shows Error of Ban
Brendan Gilligan | September 19
A previously classified transcript reveals Congress knows full well that American TikTok users engage in First […]