RefBan

Referral Banners

Yashi

Thursday, January 23, 2014

Claman On Call: Icahn buys an additional $500M in Apple stock

Having trouble viewing? See it in your browser.

logo Claman On Call

Daily Market Update with Liz Claman

forward

Featured Segment

Celebrity mug shots
Icahn buys an additional $500M in Apple stock

Claman on Call: FBN's David Asman with an after-hours web-exclusive on the markets, Carl Icahn's comments on Apple and Herbalife and the latest from the World Economic Forum.

On Our Radar: News We're Following

subscribe
manage-subscriptions unsubscribe

©2013 Fox News Network, LLC. All Rights Reserved. Privacy Policy.

Why Knitters Should Run The World

Why wouldn't we want to live in a world with beautiful yarn and all kinds of wonderful things?

and now i'm hungry AND excited to craft

23 Things That Would Happen If Knitters Ran The World

If knitters ran the world, every day would be like one giant celebration of Pinterest. Better yet: It would be paradise.

You might have missed...

From BuzzFeed Video...

This BuzzFeed email was sent to dwyld.kwu.yq4b5l8av2dw7@blogger.com | Unsubscribe

Did a friend forward you this email? Sign up to get BuzzFeed in your inbox

BuzzFeed, Inc. 200 Fifth Ave, 8th Floor, New York, NY 10010

Same ladder, bigger steps

Let’s be happy that it’s not getting harder to climb up America’s economic ladder; let’s be sad that it’s not getting easier. “Children entering the labor market today have the same chances of moving up in the income distribution (relative to their parents) as children born in the 1970s,” the authors of a new, much-discussed study write. They found that American economic mobility has remained stable during the second half of the 20th century.

David Leonhardt says that these findings run counter to a certain type of post-crisis conventional wisdom and arguments recently put forward President Obama and top Republicans. The study’s authors cite 2011 articles by Fareed Zakaria and Rana Foroohar that express worry about America’s ostensibly waning economic mobility.

Jared Bernstein wonders why we think stagnating economic mobility is news: the findings mostly confirm what economists know. Still, the study’s authors and Bernstein say that three decades of rising American income inequality have changed what it means to climb the income ladder. Here’s Bernstein:

It is human nature to assume that stability is what we want, and in this regard, the finding of this paper could be misconstrued. While stable mobility is unquestionably better [than] declining mobility, as the rungs of the ladder become more distant, it takes bigger steps to climb.

Rising inequality, the authors write, means that “the consequences of the ‘birth lottery’ – the parents to whom a child is born – are larger today than in the past.” Jim Pethokoukis writes that the study -- from economist Raj Chetty, Nathaniel Hendren, Patrick Kline, and Emmanuel Saez -- contradicts liberal arguments that income inequality hurts economic mobility. (More on that debate here). Family structure and civic involvement, Pethokoukis points out, may also be key factors. “The fraction of children living in single-parent households is the strongest correlate of upward income mobility,” the study’s authors write.

The study’s authors call the geographic effect on mobility America’s “lands of opportunity” -- San Jose has the highest rates of economic mobility, and Charlotte, North Carolina has the lowest. (The WashPost has a big, cool map here). As a whole, though, America may be relatively lacking in opportunity: it has lower levels of economic mobility than many of its OECD peers, including France, Germany, Sweden, and Canada. -- Ryan McCarthy 

Further reading: Pew's Economic Mobility Project

On to today’s links:

Bold Ideas
Does San Francisco need a land value tax? - Noah Smith

New Normal
American companies that are meeting demand without hiring or investing - WSJ

Davos
Cowardice from global leaders in Davos on LGBT rights - Felix

Wonks
Secular stagnation and the zombie rentier class - Izabella Kaminska 

Must Read
Against the Rage Machine - n+1 

Please Update Your Records
10 things that aren't panaceas - Brad Plumer

So Hot Right Now
"Glass-covered internet machines" - Zach Seward

Fact Check
"Nothing revolves around a planet... except MOONS" - Emma Carmichael

Oxpeckers
"At age 11, Stelter started a fan site dedicated to 'reporting' on Goosebumps" - Noreen Malone
Let's all agree that we should ditch navigation bars, especially sticky ones - Kendra Gaines

Servicey
6 reasons why you should not discuss illegal things with coworkers over email -  Eric Spitznagel

Awesome
On The Fly and Kakfa's The Metamorphosis - David Cronenberg

Interesting
Why Germans love renting their homes - Matt Phillips

Alpha
Paul Singer loves trading derivatives, even if they are "a net negative to society” - Jesse Westbrook

Movin’ Out
Residents of gentrifying neighborhoods move out less frequently - NPR

They’re Just Like Us
CEOs at Davos are worried about wages, healthcare, and underemployment - WSJ

Follow Counterparties on Twitter. And, of course, there are many more links at Counterparties.

 

- 3 Times Square New York, NY 10036 USA © Copyright 2012 Thomson Reuters
Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter facebook Friend us on Facebook Forward this newsletter to a friend Forward to a friend
 

 

Business Today: Wall Street slides on China data, earnings

Click to View in Browser
01/23/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street slides on China data, earnings
NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow Jones industrial average recording its third consecutive day of losses, after disappointing manufacturing data in China and a mixed bag of U.S. corporate earnings.
Microsoft profit up on strong commercial sales, no word on CEO
SEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal second-quarter profit rose 3 percent, as strong sales of its Office software to businesses offset another weak quarter for its flagship Windows system, which is suffering as consumers increasingly favor tablets over personal computers.
Exclusive: FBI warns retailers to expect more credit card breaches
WASHINGTON (Reuters) - The FBI has warned U.S. retailers to prepare for more cyber attacks after discovering about 20 hacking cases in the past year that involved the same kind of malicious software used against Target Corp in the holiday shopping season.
Starbucks' growth cooled in latest quarter
(Reuters) - Starbucks Corp on Thursday reported that sales at established stores in its U.S.-dominated Americas region cooled more than analysts expected in its latest quarter as consumers spent more time holiday shopping online than at physical stores.
Homes sales snap losing streak, jobless claims rise
WASHINGTON (Reuters) - U.S. home resales rose in December after three straight months of declines, showing some resilience in the housing market recovery despite higher mortgage rates.
Lenovo to buy IBM's low-end server unit for $2.3 billion
(Reuters) - Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp's low-end server business for $2.3 billion in what would be China's biggest technology deal.
IMF warns more work is needed to tackle big bank risk
WASHINGTON (Reuters) - Big banks still pose a threat to the world financial system because there is a general assumption that governments will come to their rescue in case of trouble, an International Monetary Fund executive said on Thursday.
Exclusive: Pentagon report faults F-35 on software, reliability
WASHINGTON (Reuters) - A new U.S. Defense Department report warns that ongoing software, maintenance and reliability problems with Lockheed Martin Corp's F-35 stealth fighter could delay the Marine Corps' plans to start using its F-35 jets by mid-2015.
Exclusive: Germany, France attack EU plan to curb big banks
LONDON (Reuters) - Germany and France have attacked European Union plans to curb banks' ability to take market bets with their own money, warning that this could jeopardize a delicate economic recovery, a paper seen by Reuters showed.
New GM chief vows to stay on course and 'accelerate'
DETROIT (Reuters) - General Motors Co's new chief executive, Mary Barra, said on Thursday she has no plans to deviate from predecessor Dan Akerson's strategy as the No. 1 U.S. automaker pushes for profitability everywhere it operates.
Related Video
Breakingviews: BlackRock's next move
McDonald's "challenging year"
Economic News
Homes sales snap losing streak, jobless claims rise
U.S. economic activity gauge edges up in December
SUBSCRIBE TO OTHER REUTERS NEWSLETTERS
Counterparties
A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today  
 Money
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today  
» MORE NEWSLETTERS
- 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters
Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter facebook Friend us on Facebook Forward this newsletter to a friend Forward to a friend

Yashi

Chitika