Apr 02 What’s the big deal about Michael Lewis and high-frequency trading? By Simone Pathe Michael Lewis' "Flash Boys" is reigniting the debate over high-speed trading and what its risks are. Continue reading
Mar 31 GM recalls 1.3 million vehicles for power steering failure By Joshua Barajas General Motors Company recalled 1.3 million vehicles Monday for defects in the electric power steering assist, bringing the total of vehicles the automaker has recalled since February to 6.1 million, the Associated Press reports. The new recall includes… Continue reading
Mar 31 Homeless professor protests conditions of adjuncts By Simone Pathe Mary-Faith Cerasoli is an adjunct professor of Spanish and Italian with a master's degree from one of the country's leading language schools. She's also homeless. Continue reading
Mar 31 Make your standard of living the basis for all financial planning By Laurence Kotlikoff Unlike conventional financial planning methods, which force your standard of living to adjust each year to annual changes, Larry Kotlikoff explains how an economics approach protects your standard of living. Continue reading
Mar 28 Sanctions against Russia: What will and won’t work By Paul Solman Sanctions work best when they're targeted -- not at oil, but at the most vulnerable parts of the economy: the financial system and the very rich. Continue reading
Mar 27 U.S. ‘underbanked’ population increasingly using mobile banking By Simone Pathe Mobile banking is on the rise, especially among those consumers who are "underbanked" and rely on other financial services besides a traditional bank account. Continue reading
Mar 27 Connecticut to become first state to adopt $10.10 minimum wage By Robert Pursell Furthering the recent calls by President Barack Obama to fight poverty and inequality, Connecticut lawmakers passed a bill Wednesday to raise the state’s hourly minimum wage to $10.10 by 2017, making it the highest for any state in the country… Continue reading
Mar 26 Watch Facebook invests in a virtual reality future with $2 billion Oculus Rift acquisition By PBS News Hour Facebook has bought the maker of a virtual reality headset and interface for $2 billion. Economics correspondent Paul Solman profiles the company, Oculus VR, and Hari Sreenivasan talks to Vindu Goel of The New York Times for more on the… Continue watching
Mar 26 Virtual reality’s early adopters worry what mainstream usage will look like in the Facebook era By Simone Pathe Facebook has reached a $2 billion deal to purchase Oculus VR, the maker of the virtual reality headset that exposed Paul Solman to a terrifying subterranean pit. But how should that technology be used outside of the lab? Making Sen$e… Continue reading
Mar 26 How candid should Janet Yellen be? Watching emerging markets overreact to Fed transparency By Simone Pathe When the Fed chair speaks, emerging markets take note. New research about their reaction to the Fed's early hints of tapering raises bigger questions about global financial integration and the Fed's transparency. Continue reading