Dead galaxies in Coma Cluster may be packed with dark matter
Galaxies in a cluster roughly 300 million light years from Earth could contain as much as 100 times more dark matter than visible matter, according to an Australian study. The research, published today, More...
Yale School of Management, Professor Jeffrey Sonnenfeld: CEO exit schedules – A season to stay, a season to go
Cisco CEO John Chambers announced on Monday that he would step down in July after a full 20 years at the helm. While in office, he took revenues at the company from $1.2 billion to over $47 billion with a More...
Former Chairman of Morgan Stanley Asia Stephen Roach: The Lemmings of QE
Predictably, the European Central Bank has joined the world’s other major monetary authorities in the greatest experiment in the history of central banking. By now, the pattern is all too familiar. First, More...
What Happens in Davos Definitely Doesn’t Stay in Davos
Some see the annual Economic Forum at Davos Switzerland as a chance for business and government leaders to get together and brainstorm solutions on how to improve the world, and others see it as a glistening More...
Nobel Laureate Robert Shiller: What Good Are Economists?
Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode – More...
Former Chairman of Morgan Stanley Asia Stephen Roach: The Fed Sets Another Trap
– America’s Federal Reserve is headed down a familiar – and highly dangerous – path. Steeped in denial of its past mistakes, the Fed is pursuing the same incremental approach that helped set More...
Craig Breslow Might Be Returning to Boston
Veteran pitcher Craig Breslow has yet to find a new home and so the free agent is rumored to be considering staying with the Red Sox. This is in spite of the fact that his current team declined to pick up Breslow’s More...
Former Chairman of Morgan Stanley Asia Stephen Roach: China’s Monetary-Policy Surprise
– In economic policy, as in most other areas, actions speak louder than words. By cutting its benchmark policy interest rates, the People’s Bank of China (PBOC) has underscored the tactical More...
Nobel Laureate Robert Shiller: Creativity, Corporatism, and Crowds
– Economic growth, as we learned long ago from the works of economists like MIT’s Robert M. Solow, is largely driven by learning and innovation, not just saving and the accumulation of capital. More...
Former Chairman of Morgan Stanley Asia Stephen Roach: Last Chance for Japan?
– NEW HAVEN – Japan is the petri dish for the struggle against the secular stagnation that is now gripping most major developed economies. And, notwithstanding all of the fanfare surrounding “Abenomics, More...