The success of socialism

From Salon: Hugo Chavez’s economic miracle The Venezuelan leader was often marginalized as a radical. But his brand of socialism achieved real economic gains by David Sirota | Wednesday, March 6, 2013 07:30 AM EDT For the last decade in American politics, Hugo Chavez became a potent political weapon – within a few years of …

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Economics 101: In business, only the bottom line matters

From Investor’s Business Daily: Wendy’s Serves Up Big Kiosk Expansion As Wage Hikes Hit Fast Food By Jed Graham | May 11, 2016 Wendy’s (WEN) said that self-service ordering kiosks will be made available across its 6,000-plus restaurants in the second half of the year as minimum wage hikes and a tight labor market push …

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The glass cliff?

I have noted the crappy journalism of Gannett, specifically USAToday, previously, and here’s another example: Yahoo’s Marissa Mayer gets $55M to leave Matt Krantz, USA TODAY 3:24 p.m. EDT May 1, 2016 Yahoo (YHOO) just disclosed the size of its executive pay packages and Marissa Mayer stands to make millions coming or going. The CEO of …

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Karma is such a bitch!

From The Wall Street Journal: Soaring Tobacco Stocks Prompt Calpers to Reconsider Investment Strategy California Public Employees’ Retirement System may have missed out on up to $3 billion by not investing in tobacco shares By Saabira Chaudhuri | Updated April 29, 2016 4:32 a.m. ET Calpers picked the wrong decade to stop investing in tobacco …

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Dead newspaper walking: The Los Angeles Times and the potential buyout by Gannett

From The Wall Street Journal: Gannett Offers to Buy Tribune Publishing Deal, valued at $815 million with debt, would combine owners of USA Today, L.A. Times By Lukas I. Alpert and Joshua Jamerson | Updated April 25, 2016 2:00 p.m. ET Gannett Co. on Monday went public with its proposal to acquire Tribune Publishing Co. …

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Economics 101: Whenever you are told that a proposed tax will barely be noticeable, don’t believe it!

From The Wall Street Journal: Long-Term Costs of Cutting Emissions Grow Hazy Economic costs of hitting near-term targets appear modest, but modeling grows less reliable further out By Amy Harder and Greg Ip | Updated April 24, 2016 12:42 p.m. ET The world’s top officials just signed an agreement to slow the buildup of planet-warming …

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Why, of course we should remove Andrew Jackson from the face of the $20 bill We would never want to honor the one President who actually paid off the national debt

From The Wall Street Journal: Harriet Tubman to Be Added to $20 Bill Decision comes after a campaign to solicit input on a proposal to put a woman on the $10 bill appeared to misfire By Nick Timiraos | Updated April 20, 2016 4:59 p.m. ET This time, Alexander Hamilton dodged the bullet. Treasury Secretary …

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Economics 101: Health insurance companies do not exist to provide health insurance Health insurance companies exist to make money; providing insurance is simply how they do that

From The Wall Street Journal: UnitedHealth Tops Expectations, to Leave Some Affordable Care Act Markets U.S. health insurer will pare its presence from 34 states this year to “only a handful” in 2017 By Anna Wilde Mathews | Updated April 19, 2016 11:48 a.m. ET UnitedHealth Group Inc. said it would remain in only a …

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18,000+

From The Wall Street Journal: Dow Clambers Back Above 18000 Investors say rally highlights belief that slowing global growth won’t end up tipping U.S. economy into recession ByAaron Kuriloff |Updated April 18, 2016 9:20 p.m. ET The Dow Jones Industrial Average closed above 18000 for the first time since July, a milestone that reflects how …

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