Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.» Read More
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.
Famously outspoken shoemaker Kenneth Cole says he writes all the tweets signed "KC" that come from the @KennethCole Twitter account.
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.
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.
College students are barely civilized barbarians who are fundamentally lacking in the basic skills required to succeed as human beings.
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.
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.
Today's theme is chaos.
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.
Violence in Egypt increasing: Gunfire breaks out in Tahrir Square. [Wall Street Journal]
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]
Now that the constitutionality of the individual mandate under the Commerce Clause has come under fire, proponents of Obamacare are attempting to shift the debate onto what they view as friendlier ground—the broader power of Congress to impose taxes.
Ezra Klein sums up this line of argument pretty well :
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.
Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.
Investors may be warming up to the stock market, but they're taking the safe way in.
Here are the five best Wall Street movie villains of all time—and what they'd say about Yellen and the Fed if they were at Jackson Hole this week.