Economics

  • News

    Feeling Good About The Economy? Prove It With A Resignation Letter

    A few months back, Janet Yellen suggested that more Americans do their patriotic duty and quit their jobs, the better to demonstrate confidence in their ability to find another one because they economy is doing oh-so well. As in previous times of national crisis, her countrymen are listening to such exhortations.

    / Nov 14, 2014 at 4:20 PM
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    News

    Donald Sterling’s Reasons For Demanding More Than $2 Billion For Clippers Purely Economical: Donald Sterling

    Donald Sterling told a judge his fight to block the $2 billion sale of the Los Angeles Clippers to former Microsoft Corp. Chief Executive Officer Steve Ballmer is about economics, not ego. “You think I’m doing this for ego?” Sterling asked a lawyer for his wife, Shelly Sterling, during one of many testy exchanges on […]

    / Jul 9, 2014 at 4:46 PM
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    get literate

    Charlie Gasparino Left His Heart In Throggs Neck And, More Specifically, His Stomach In Pastosa Ravioli

    “I wonder where Charlie Gasparino does his grocery shopping” is a question many people have surely asked themselves. Lucky for them, today finally brings an answer. The Fox Business reporter was interviewed by “Bronx Times” about his very early boyhood days in the borough, which apparently made a lasting impression on him, despite having moved to Westchester when he was six.

    / Jan 14, 2013 at 5:23 PM
  • News

    Bloomberg TV: So You’re Thinking About Banging A College Kid

    If you want to make things easy on yourself, go after an economics major, says Bloomberg TV, which cautions people to avoid philosophy, education, and earth science concentrators, who make up “the least promiscuous majors.” Just don’t get too excited about your odds, though, warns anchor Scarlet Fu, noting that “we are far from the […]

    / Sep 28, 2012 at 6:02 PM
  • News

    That’s Dr. Fab Tourre To You!

    Goldman Sachs’s former resident of fabulousness is going back to school.

    The Securities and Exchange Commission alleged in a 2010 complaint that Goldman Sachs and Fabrice Tourre, 33, who is on unpaid leave, defrauded investors in a collateralized debt obligation known as Abacus 2007-AC1. The regulator identified Tourre as a “resident of Kigali, Rwanda,” in court papers filed March 21 in Manhattan federal court. Tourre had been in the African nation’s capital working for a non-governmental organization before beginning his studies at the University of Chicago, according to a person familiar with his travels who declined to be identified because the matter isn’t public. “Tourre is a U.S. resident studying for a Ph.D. in economics at the University of Chicago,” his lawyer, Pamela Rogers Chepiga, said in a statement March 21. Steve Koppes, a university spokesman, said Tourre has been enrolled in the program since September.

    [Bloomberg]

    / Mar 23, 2012 at 2:17 PM
  • News

    Today in Statistics: People Have Stuff (Had, Anyway)

    The Atlantic points out a chart in Bernanke’s report to Congress showing the mean ratio of Americans’ net worth to annual income. After bouncing around 5x for much of the early ’90s, it went well above 6x during the tech boom, dipped briefly, and then soared to 6.3x-ish in 2007 before plummeting to around 5x […]

    / Jul 15, 2011 at 1:02 PM
  • News

    Former Morgan Stanley Investment Banker Founds Weed ‘Cultivating’ Company With Plans For IPO

    Derek Peterson spent nearly a decade working as an investment banker, most recently at Morgan Stanely. Peterson “always wanted to take a company public” but never found the right one. Then one day it hit him, like the sort of epiphany one gets when they’re really, really stoned– he would get into the business of […]

    / Mar 10, 2011 at 11:55 AM
  • News

    New Book Encourages Married Couples To Use Game Theory In The Bedroom

    Howard would come home so stressed out that he’d go ballistic about tricycles in the driveway and toys on the floor, write Paula Szuchman and Jenny Anderson in “Spousonomics,” a geeky guide to finding marital bliss through economics. His tantrums had to go, as Howard always recognized after he calmed down. So he and his […]

    / Feb 14, 2011 at 4:45 PM
  • News

    What Was The Thought Process Behind Eliot Spitzer Go-To Hooker Supplier Kristin Davis’s Decision To Leave Her Job At A Hedge Fund To Become A Madam?

    “It was a business decision. The economics of sex were appealing. I worked in the back office of a hedge fund, making six figures but I was always taking crap from everyone. I put together a market analysis on the sex industry and it looked to be a lucrative appealing endeavor.”

    / Aug 3, 2010 at 2:59 PM

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