In one sentence…
“..suffice it to say that ‘low and often non-existent profits’ and ‘monopoly’ are not really concepts that go together.”
Read the rest here: http://www.vox.com/2014/10/10/6954107/amazon-monopoly
Thomas Sowell with a sober perspective:
“What a non-judgmental society amounts to is that common decency is optional — which means that decency is likely to become less common.”
More gems can be found here: http://jewishworldreview.com/cols/sowell093014.php3
Nearly three-quarters of the Airbnb listings in the city violate zoning and other laws, according to a report by the state attorney general, with large-scale commercial operators reaping up more than a third of total rental revenue. Airbnb did not dispute the findings, and a spokesman said: “We need to move forward.”
NOTE: The “family members per house” number is extremely important in today’s inequality discussion. Whenever you hear “median household income has stagnated…” – take what your hear with a grain of salt. Even though the median household income has stagnated, households – the way the data is collected – are now smaller (one person living alone is considered a “household”). This would mean that adjusting for households or instead looking at median individual income, disposable income, or consumption numbers, the median America would most likely have increased – which indeed it has by the aforementioned metrics.
Kyle Bass of Hayman Capital Management explains…
The nation’s unemployment rate as measured by the Labor Department vastly underrepresents the number of Americans actually out of work, hedge fund manager Kyle Bass told CNBC Wednesday.
Earlier this month, the government said the nation’s unemployment rate fell to 6.1 percent in August, while job growth cooled with just 142,000 nonfarm payrolls added.
“Look at unemployment, the way it’s calculated is it’s semi-rigged,” he argued in a “Squawk Box” interview. “It will trend down to the 5 percent range just because people stop looking for a job.”
“If you take everyone that has dropped out of the workforce since the beginning of the financial crisis,” he continued, “the unemployment number would be 11 percent.”
Finish the article here: http://www.cnbc.com/id/102029011