Recent Posts

China is invading Hollywood! Now you can relax

  Wang Jianlin, China’s richest man, has been on a Hollywood shopping spree. As chief executive of the Wanda Group, he’s acquired Legendary Entertainment, producer of “Jurassic Park,” and is in talks to pay $1 billion for Dick Clark Productions, producer of the Golden Globes and other live television events. An earlier purchase, AMC Entertainment, recently announced plans to buy ...

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Mr Market doesn’t care about your politics

It’s election season, and that means it’s time for partisans to pose as economists and strategists in order to explain how much the markets support their favorite candidate (see this or this or this). It is an exercise fraught with a fundamental misunderstanding of what drives markets at best — or intellectual dishonesty at worst. So let’s get this out ...

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Britain needs fracking, but let’s do it right

  Mark Gilbert The U.K. government has approved the country’s first hydraulic fracturing wells in the north of England, overruling the objections of the local council in Lancashire. It’s the correct decision given the nation’s growing energy needs; but rising opposition to fracking shows the nascent industry in the U.K. needs to do a better job of convincing the public ...

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