Statistics are just like people. Torture them long enough and they’ll confess to anything.

Yesterday’s unemployment figures were treated with a sigh of relief in most financial markets. Yes, unemployment did rise, but so – supposedly – did job creation, to +163,000. It didn’t take long, however, for Zero Hedge to take that apart: In other words, of the 163,000 jobs “added”, 429,000 was based on purely statistical fudging. [...]

The irony of History once again showed that, under capitalism, the equality of inferiors is made possible by the inequalities of the superior.

“I have no issue with those who do something useful, produce value, and make 100 times more money than me.”

When I think about my smartphone – or the bookshelf in the corner of my living room – what story do I believe about how they got where they are?

RICHMOND – Governor Bob McDonnell today announced that Morooka America, under a license agreement with Japan-based Morooka Co., Ltd, a manufacturer of rubber track carriers, will establish [...]

…is Ambassador to the UK.

…because its central bank could certainly use his special attention. Philip Aldrick (Telegraph, UK) has the details on the grilling that Sir Mervyn King (head of the UK’s central bank, [...]

…because its central bank could certainly use his special attention. Philip Aldrick (Telegraph, UK) has the details on the grilling that Sir Mervyn King (head of the UK’s central bank, known as the Bank of England) received at the hands of the House of Commons Treasury Select Committee. Ben Bernake flatly contradicted King’s assertion that [...]

American and British banks are not the only ones under the microscope regarding the LIBOR scandal (Telegraph, UK): The EU investigation into a “shocking” interest-rate rigging scandal in the world’s [...]