Recent Posts

Recession indicators flash nothing very definitive

No one really knows how to predict recessions. Despite the massive financial returns that would accrue to anyone who had a good way of spotting downturns before they happen, macroeconomic forecasters are unable to do this with any reliability. And if professional forecasters can’t succeed in the high-stakes world of the financial industry, the chances of a pundit such as ...

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Let’s send Facebook some poll observers

Facebook insists that people can trust it to manage its giant social network in a way that doesn’t undermine democracy. I say verify: Let’s send in an army of scientists to study its role in the upcoming 2018 elections. There’s been too little research into how Facebook influenced the last election, even though there’s plenty of reason to think it ...

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Murdoch gets what he wants out of Brexit Britain

The UK government has all but approved Rupert Murdoch’s bid to take full control of Sky Plc. That’s good news for the satellite broadcaster’s shareholders. It’s also a sign that even the most controversial foreign offers for British companies have a fighting chance of success. UK Culture Secretary Matt Hancock said he will clear the bid by Murdoch’s 21st Century ...

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