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  Thursday, 3 Mar 2011 | 11:46 AM ET

Counterpoint: Smart Chicks Date Smart Guys

Posted By: Nicole Lapin
CNBC

I am certainly no genius, but, for the sake of this piece, let's call me a "smart woman." \(Sure, let's call John Carney a "smart man," too.\)

So, Carney recently made the argument that "dumb chicks have both greater opportunities and greater incentives to try harder to date smart men than smart women do." Interesting, but untrue.

» Read More
  Thursday, 3 Mar 2011 | 9:47 AM ET

JPMorgan Chase Made Nearly a Billion Dollars from Madoff

Posted By: Ash Bennington
cnbc.com

A new study of Bernie Madoff's Ponzi scheme concludes that JPMorgan Chase made over $900 million in pretax profits from the Madoff scam.

The academic paper by Dr. Linus Wilson, a finance professor at University of Louisiana at Lafayette, makes use of newly released data and different methods of calculation than previous studies.

» Read More
  Thursday, 3 Mar 2011 | 9:00 AM ET

Regulators Don't Know How to Punish Banks for Mortgage Mess

Posted By: Julia La Roche

Regulators don't know how to punish banks for mortgage mess [NYTimes]

"Greek 'I Don't Pay' Movement Threatens Reforms" [Reuters via CNBC.com]

Food prices hit a record high in February [Bloomberg]

"Court Upholds 'Hurtful' Speech [WSJ]

Beyonce donates Gadaffi concert money for Haiti relief [Huffington Post]

BYU's men's basketball center dismissed for allegedly violating school's honor code [Aol News]

A batch of economic data you need to know today: Jobless claims at a 2 1/2 year low [Reuters via CNBC.com], February retail sales [CNBC.com's Christina Cheddar-Berk]

»Read more
  Thursday, 3 Mar 2011 | 8:45 AM ET

The Weird World of Ray Dalio's Bridgewater Hedge Fund

Posted By: Ash Bennington
Ray Dalio, Founder, President & CIO at Bridgewater
Source: bwater.com
Ray Dalio, Founder, President & CIO at Bridgewater

The stories coming out of Bridgewater Capital, the largest hedge fund in the United States, keep getting more bizarre.

Last spring, reports surfaced that Ray Dalio, the fund's manager, ran Bridgewater based on an esoteric management philosophy called "The Principles" .

» Read More
  Wednesday, 2 Mar 2011 | 4:47 PM ET

SEC Wants New Role: Bonus Nanny

Posted By: Ash Bennington
  Wednesday, 2 Mar 2011 | 4:01 PM ET

Rajat Gupta's Weird and Weak 'No Profits' Defense

Posted By: John Carney
Rajat Gupta
Getty Images
Rajat Gupta

Rajat Gupta vigorously denies the insider trading charges the SEC has lodged against him, calling them “totally baseless.”

The circumstantial evidence against Gupta, however, is very strong. In fact, the pattern of behavior alleged by the SEC—obtaining confidential board information and then immediately calling Raj Rajaratnam, the man who then traded on the stocks—is damning.

» Read More
  Wednesday, 2 Mar 2011 | 3:54 PM ET

Why Do Smart Men Date Dumb Girls?

Posted By: John Carney
Source: Paramount Pictures

Recently my friend Jennifer Wright at TheGloss.com came across another study purporting to show that men prefer to date women who are less intelligent than they are. She asked me about why this might be, assuming it was true at all.

» Read More
  Wednesday, 2 Mar 2011 | 3:23 PM ET

Roubini Points Out the Uncanny Resemblance Between Gaddafi and Galliano

Posted By: Cadie Thompson

I guess I can kind of see it.

»Read more
  Wednesday, 2 Mar 2011 | 2:47 PM ET

Nouriel Roubini's Firm Says Muni Defaults Could Reach $100 Billion

Posted By: Ash Bennington
Nouriel Roubini
CNBC.com
Nouriel Roubini

Municipal bond defaults could hit the $100 billion market over the next five years, according to a new estimate from Roubini Global Economics.

This comes just after Moody's chief economist Mark Zandi estimated the chance of significant defaults to be zero.

Although $100 billion of defaults spread over five years would be much higher than the estimates of the muni optimists, his firm's figures would appear to be less cataclysmic than those suggested by Meredith Whitney.

» Read More
  Wednesday, 2 Mar 2011 | 1:49 PM ET

Will ‘Inflation Effect’ Overcome the ‘Wealth Effect’?

Posted By: Jeff Cox
Deborah Harrison | Getty Images

As each day passes, with oil, gold and other commodities scaling either multi-year or historic highs, the denials of inflation become harder to maintain.

Call it the “inflation effect,”—the antithesis of Fed Chairman Ben Bernanke’s “wealth effect” that helped convince Americans rising stock prices equated to greater wealth even while employment and housing lagged far behind.

In the case of inflation, some of the more conventional measures insist the phenomenon of too much money chasing too few goods has not taken hold. Government indicators for personal and producer prices remain tame, while there appears to be little of the wage pressure that also is a typical partner to rising inflation.

» Read More

About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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