Just briefly, in case you need a lunchtime laugh — Sadie, the big winner at the Westminster Kennel Club, rang the NYSE opening bell today:

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As is customary, all the other lesser Nobel prizes are awarded first as a sort of opening act for the real star of the show, the Economics prize (which, it is often pointed out, isn’t a real Nobel prize, but that’s just the talk of sore losers). This year, instead of going to Paul Krugman [...]

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From Bloomberg, a shocking – shocking – tale of cocaine usage among bankers. I had no idea! The story here is not so much the blow as it is the sudden cessation thereof, as the finance-minded do the math and realize how much their eightball budget has been cut back as of late. Professionals in [...]

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Insurance is really a fantastic racket, right up until the point where your customers have to actually use your service. Paying claims is a bummer, as any insurer will tell you. Why can’t the customers just send us a check every month and never ask us to pay them back, they would say (off the [...]

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In a NY Times Magazine column, straight thug economist Paul Krugman states that many economists are doodyheads, and may not be incorrect on this point. The column itself may verge on the tl;dr for many who do not enjoy torturing themselves with dry reading about economics, but it’s an interesting condensed history of macroeconomics since [...]

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