THE monetary economics of a world in which interest rates are close to zero are not especially mysterious. Stimulating the economy at that point requires central banks to raise expected inflation. Disinflation, by contrast, results in passive tightening, since the central bank can’t lower its policy rate and since the …
Russia Launches New Intermediate-Range Missile at Ukraine
President Vladimir Putin said the attack was in response to Ukraine’s recent use of American and British weapons to strike deeper into Russia. Source link
ICC issues arrest warrants for Netanyahu, Gallant and Hamas commander
Judges at the International Criminal Court (ICC) have issued arrest warrants for Israel’s prime minister and former defence minister, as well as Hamas's military commander.A statement said a pre-trial chamber had rejected Israel’s challenges to the court’s jurisdiction and issued warrants for Benjamin Netanyahu and Yoav Gallant.A warrant was also issued for Mohammed Deif, although the Israeli military has said he was killed in an air strike in Gaza in July.The judges said there were “reasonable grounds” the three men bore "criminal responsibility" for alleged war crimes and crimes against humanity during the war between Israel and Hamas. Both Israel…
She Moved to New Delhi for a Fresh Start, but the Air Made Her Sick
new video loaded: She Moved to New Delhi for a Fresh Start, but the Air Made Her SicktranscriptBacktranscriptShe Moved to New Delhi for a Fresh Start, but the Air Made Her SickSince moving to New Delhi, which had the world’s worst air quality on Monday, Ameesha Munjal hasn’t been able to exercise or see friends. She has been on several medications to battle sickness caused by the pollution.The pollution was so bad that I went to the doctor, and he just said that, ‘you should move out of the city. You won’t be able to survive in this air.’ There’s…
US Dollar Loses Sentiment Edge in EUR/USD, USD/JPY
The US Dollar bull run was reinforced by an aggressively short retail crowd. The tides are turning, and that may be bad news for the buck.
GBP/USD Bucks Trend & Clears Previous Day Range- RSI Breakout?
Despite the range bound price action across the major currencies, the GBP/USD has bucked the trend and looks poised for a further advance as the RSI breaks out.
Six Months of Nothing
The Absolute Return Letter, October 2014 “Imagination is a poor substitute for experience.” Havelock Ellis The accident It was late in the evening of the 12th March. I was going to bed early as I had a big day ahead of me. Cycling is my sport and I had lined …
Week Starts Positively for Industrial Metals & Grains
While today’s trading data from China was a ;bit disappointing, it was good enough to ;push copper higher. Nickel advanced as ;well. China’s …
Here’s Why Betterment’s CEO Loves That People Call His Investing Website A ‘Robo-Adviser’
The term “robo-adviser,” which can be traced back to 2002, isn’t usually meant as a compliment. It refers to online automated investment platforms, which use algorithms to manage investors’ money automatically, rather than assigning a human adviser to actively manage each client’s investments. By calling companies that practice this …
Bullard Urges More Fed Communications to Satisfy Market Cravings – Businessweek
Wall Street JournalBullard Urges More Fed Communications to Satisfy Market CravingsBusinessweekThe Federal Reserve should move to a quarterly monetary report and a press conference after every meeting to enhance communication with financial markets, St. Louis Fed President James Bullard said. “Markets crave reassurance from the chair even if not …Bullard'…
International Debt and Financial Crises
by Joseph Joyce (re-posted from Capital Ebbs and Flows) International Debt and Financial Crises The latest issue of the IMF’s World Economic Outlook has a chapter on global imbalances that discusses the evolution of net foreign assets (also known as the net international investment position) in debtor and creditor …
Novelist Dubus now looks homeward after gritty memoir
Andre Dubus III put his faded hometown of Haverhill, Massachusetts, on the map of modern literature with his gritty memoir, “Townie.” But Dubus’ native New England did not find a setting in his fiction until he published a collection of novellas, “Dirty Love,” which depicts small-city and …
Clark Art Institute’s Rembrandt painting attributed to artist as debate continues
The Clark Art Institute’s painting Man Reading has been unequivocally attributed to the great Dutch Master Rembrandt van Rijn (1606–1669) by Ernst van de Wetering, long-time head of the Netherlands-based Rembrandt Research Project, in the project’s sixth and final volume published …
Market Snapshot: John McLaughlin
John McLaughlin, Untitled, 1963, Susan Sheehan Gallery John McLaughlin American, (1898–1976) Kohn Gallery A forerunner of hard-edge abstraction, John McLaughlin’s rigorously reductive geometric compositions were inspired by European avant-gardists like Kazimir Malevich and Piet Mondrian, and by 15th-century Japanese brush painting, which he encountered while serving…
Vatican Launches Sistine Chapel-Porsche Deal To Grant Visitors V.I.P. Access For A Price
VATICAN CITY (RNS) Despite worries about the impact of millions of tourists on Michelangelo’s precious frescoes, the Sistine Chapel is opening its doors for the first time to a new kind of tourist to support Pope Francis’ charities. Porsche enthusiasts will pay 5,000 euros ($6,400) each for a tour in …
Chinese President Lectures Artists On What Their Role Should Be
“Artists should not be “slaves” to the market or “lose themselves in the tide of market economy”, Mr Xi told them. Nor should they “go astray while answering the question of whom to serve, otherwise their works will lack vitality”, he warned.”
Elmore Leonard’s Papers (and Hawaiian Shirts) Go to University
The University of South Carolina has acquired more than 150 boxes of materials for Elmore Leonard’s archive.
Art Review: ‘Egon Schiele: Portraits’ at Neue Galerie
“Egon Schiele: Portraits,” at the Neue Galerie, unspools the striking evolution of this Expressionist, who would become one of the 20th century’s most popular artists.
Price Check: Frieze Masters
At art fairs, the ARTnews team checks in from time to time with dealers at certain booths to hear about any sales they’ve made. These disclosures are collected in a completely non-scientific fashion and based mainly on which booths have … Read More
Analysts still bullish on Netflix as shares tumble – MarketWatch
MarketWatchAnalysts still bullish on Netflix as shares tumbleMarketWatchNEW YORK (MarketWatch) — Analysts remained mostly bullish on Netflix Thursday, a day after the company's third-quarter earnings showed a disappointing new-subscriber number and lower-than-expected fourth-quarter profit outlook, sparking a sharp …Investors slam Netflix due to slowing …
How big is Amazon? It sells more in Canada than the next 6 e-tailers combined
Amazon.ca dominates online retail in Canada with seven per cent of Canadian e-commerce sales, more than the combined share of Walmart, Costco, Home Depot, Bestbuy, Lowes and The Bay, according to research from BMO.