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  Thursday, 3 Feb 2011 | 2:42 PM ET

Hofmeister: If Oil Production Shuts Down in Egypt—Oil Will Go up $20 to $30 a Barrel 

Posted By: Lori Ann LaRocco

The commodities markets are running scared as images of unrest in Egypt dominate tv screens around the world. Just how high can black gold go? I asked that question to John Hofmeister former President and COE of U.S. Operations of Shell Oil and Founder and CEO of Citizens for Affordable Energy.

» Read More
  Thursday, 3 Feb 2011 | 2:26 PM ET

Biased Study Claims Obamacare Opponents Are Dumb

Posted By: John Carney
Justin Sullivan | Getty Images

A new study of public beliefs about the health care reform law demonstrates that many Americans have false impressions about some of its provisions.

This won’t come as a shock to anyone who is familiar with the facts of widespread public ignorance and error. We’ve long known that the public substitutes distorted and simplistic stereotypes for knowledge of political facts. Seventy percent of the public doesn’t know the names of either of their state’s senators, for example. During the height of the Cold War, 62 percent of the US public didn’t realize the Soviet Union was not a member of NATO.

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  Thursday, 3 Feb 2011 | 1:51 PM ET

Kenneth Cole Puts Well-Heeled Foot in Mouth

Posted By: John Carney

Famously outspoken shoemaker Kenneth Cole says he writes all the tweets signed "KC" that come from the @KennethCole Twitter account.

Kenneth Cole on Twitter
Kenneth Cole on Twitter

Which means he has no one to blame but himself for the outrage over a tweet sent out earlier today claiming that the "uproar in Cairo" was the result of Egyptians finding out that the new spring shoe collection was available online.

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  Thursday, 3 Feb 2011 | 12:46 PM ET

Give Me More Money! UBS Delays Bonuses Because Senior Execs Say Bonus Pool Is Too Small

Posted By: Cadie Thompson

Looks like the top guys over at UBS are going to bat for their team—fighting management to expand the bonus pool.

UBS has delayed 2010 bonuses because senior executives have deemed the bonus pool "unworkable" and they need time to plea for more money.

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  Thursday, 3 Feb 2011 | 12:12 PM ET

College Kids Are Barbarians

Posted By: Ash Bennington
Sean Murphy | Lifesize | Getty Images

College students are barely civilized barbarians who are fundamentally lacking in the basic skills required to succeed as human beings.

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  Thursday, 3 Feb 2011 | 11:39 AM ET

What You Missed at Davos: A Fashion Fix

While black might be the fashion color of choice in New York, the well-heeld group at the World Economic Forum stuck to a more neutral palette of greys, camel and navy.

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  Thursday, 3 Feb 2011 | 11:10 AM ET

The Worst Word in American Journalism: 'Fluid'

Posted By: Ash Bennington
Newspapers
Valerie Everett
Newspapers

Joe Weisenthal, of Business Insider , sent out the following offhand tweet yesterday: "Pro tip: If you're on the ground in a riot zone, be sure to always sign off by describing the situation as 'fluid'"

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  Thursday, 3 Feb 2011 | 10:30 AM ET

Jim Rogers Loves Him Some Food (Inflation)

Posted By: Nicole Lapin
Nicole Lapin with Jim Rogers
CNBC
Nicole Lapin with Jim Rogers

It's no big surprise that Mr. Rogers likes him some food. In fact, he doesn't come on my show unless I bring out a royal breakfast spread.

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  Thursday, 3 Feb 2011 | 9:58 AM ET

Chaos, Chaos Theory, Egypt

Posted By: Ash Bennington
Protestors stand with a soldier as he waves an Egyptian flag on an army tank in Tahrir Square on January 29, 2011 in Cairo, Egypt.
Getty Images
Protestors stand with a soldier as he waves an Egyptian flag on an army tank in Tahrir Square on January 29, 2011 in Cairo, Egypt.

Today's theme is chaos.

I wrote earlier about the difficulty in predicting the future structure and alliances of the Egyptian military. And of the fundamental unknowability of weather.

To begin—quite literally—at the beginning: Chaos was the dark void from which universe arose in classical Greek cosmogony—as Ovid reminds us: "unfashion'd and unfram'd"—containing numberless seeds for the future.

So too of Egypt.

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  Thursday, 3 Feb 2011 | 9:33 AM ET

Deutsche Bank Tops Goldman Sachs as The Biggest Spender on Wall Street

Posted By: Ash Bennington

Violence in Egypt increasing: Gunfire breaks out in Tahrir Square. [Wall Street Journal]

Simon Johnson:"The Ruinous Fiscal Impact of Big Banks". [Economix]

ECB keeps rates at 1 percent—despite rising inflation fears. [CNBC via Reuters]

Deutsche Bank tops Goldman Sachs as the biggest spender on Wall Street: DB Bankers got an average 500K last year. [CNBC via Reuters]

Steve Cohen tells investors to relax: SAC capital will not suffer a financial impact as a result of the latest insider trading probe. [FT]

Is El Baradei a credible future leader of Egypt? [Wall Street Journal]

Gallup polls Egyptians & Tunisians about 'wellbeing'. [Gallup—Hat Tip Felx Salmon]

Representing yourself in foreclosure —many have little choice. [NY Times]

IPOs are rebounding. [Bespokeinvest—Hat Tip Abnormal Returns]

The Arab world watches Cairo. [NY Times]

»Read more

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