September 2017

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Giving every adult in the United States a $1,000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to anew study on universal basic income. The report was released in August by the left-leaning Roosevelt Institute. Roosevelt research director Marshall Steinbaum, Michalis Nikiforos at Bard College's Levy Institute, and Gennaro Zezza at the University of Cassino and Southern Lazio in Italy co-authored the study.

$1,000 per month cash handout would grow the economy by $2.5 trillion

The earnings recession is over. S&P 500 operating earnings per share were eclipsed by the energy recession from Q4-2014 through Q2-2016, when the Thomson Reuters (TR) measure was flat to down on a y/y basis. Growth resumed during the second half of 2016 and first half of 2017. The TR measure of earnings rose 10.1% y/y during Q2-2017 to a new record high, while revenues rose 5.7% y/y. That put the S&P 500 operating profit margin (based on TR data) at a record high of 10.8%. “Ouch” is the sound you just heard from all those reversion-to-the-mean bears, who can go back to sleep.

Dr. Ed's Blog: S&P 500 Earnings: The Shining

Emerging markets will start to dominate rankings of the world's top economies by 2030, according to a report published earlier this year. The report, published by PricewaterhouseCoopers, finds that emerging markets such as India and Brazil will increasingly challenge the economic dominance of the USA and China, while others slip behind.

PwC predicts the most powerful economies by 2030 - Business Insider

Just two weeks after Hurricane Katrina ripped through New Orleans in 2005, economist Cary Leahey of Decision Economics Inc. sat down and wrote a report to his clients estimating that total damages would total $125 billion, making the storm the nation’s largest natural disaster ever. A dozen years later, Leahey’s estimate stands the test of time. In fact, the official government estimate of the cost of the storm is $125 billion in nominal terms, according to the National Oceanic and Atmospheric Administration or NOAA. Leahey now thinks that the damage from Hurricane Harvey could be “mind boggling” and rival or even exceed Katrina. Estimates he has seen from some major Wall Street banks are too timid, he said.

Economist who nailed the cost of Katrina thinks the final bill for Harvey could be larger - MarketWatch

Moore’s Law owed its success to the fact that as transistors were made smaller, they became simultaneously cheaper, faster, and more energy efficient. The ­payoff from this win-win-win scenario enabled reinvestment in semi­conductor fabrication technology that could make even smaller, more densely packed transistors. And so this ­virtuous ­circle continued, decade after decade. Now though, experts in industry, academia, and government laboratories anticipate that semiconductor miniaturization won’t continue much longer—maybe 5 or 10 years. Making transistors smaller no longer yields the improvements it used to. The physical characteristics of small transistors caused clock speeds to stagnate more than a decade ago, which drove the industry to start building chips with multiple cores. But even multicore architectures must contend with increasing amounts of “dark silicon,” areas of the chip that must be powered off

The Future of Computing Depends on Making It Reversible - IEEE Spectrum

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The Rio Olympics continue to be an example of why more and more cities are wary of hosting the games. Rio 2016 has essentially become a financial disaster, with the games costing $13 billion in a mix of private and public money, according to a June Associated Press report. Much of the Olympic infrastructure is abandoned or underused, including the $700 million athletes village that was supposed to be turned into luxury condos once the games were over. Stephen Wade of the Associated Press recently reported via Twitter that the athletes village was "shuttered" and that only 7% of the condos had been sold.

AP says Rio Olympics' $700 million athletes village is mostly vacant - Business Insider

Nine factors that contribute to the risk of dementia Mid-life hearing loss - responsible for 9% of the risk Failing to complete secondary education - 8% Smoking - 5% Failing to seek early treatment for depression - 4% Physical inactivity - 3% Social isolation - 2% High blood pressure - 2% Obesity - 1% Type 2 diabetes - 1%

Nine lifestyle changes can reduce dementia risk, study says - BBC News

Joyous news for those who love gym chic, but don't actually want to sweat even a drop. A study by researchers at Stanford University, and published by the American Psychological Association found that people who considered themselves to be less active than others, had a higher risk of mortality. It suggests that comparing yourself to gym bunnies and finding yourself to be lacking, is bad for your health. The meta-analysis looked at data from 60,000 people who had participated in two large health surveys. In what sounds like a horrible curse, the mental stress of feeling like you're not working out enough can have adverse health effects. The bad effects of this negative thinking occurred regardless of BMI or health status. Equally, earlier studies cited in the paper, suggested that an individual's perception about their level of physical activity can be influenced positively. Making a person aware of the amount of physical exercise in which they already engage, results in significant physiological improvements such as reductions in weight, body fat, and blood pressure. Adopting a more positive, less self critical attitude has both physical and mental health benefits.

Thinking about exercise can make you live longer, according to a study | indy100

In Run, Spot, Run, Pierce reports that, in 1877, the city of New York rounded up 762 stray dogs and drowned them in the East River, shoving them into iron crates and lifting the crates by crane into the water. Veterinarian turned philosopher Bernard Rollin recalls pet owners in the 1960s putting their dog to sleep before going on holiday, reasoning that it was cheaper to get a new dog when they returned than to board the one they had.

Should we stop keeping pets? Why more and more ethicists say yes | Life and style | The Guardian

She’s a 793? Swipe right!  It turns out credit scores are statistical shorthand for a whole lot more than the likelihood you'll repay a loan, according to a number of consumer surveys and academic studies. One study, released two years ago, looked at consumer credit data over 15 years and found that the higher the year-end credit score, the likelier the person was to form a romantic relationship over the next year. Now comes a survey from Discover Financial Services and Match Media Group, parent of Tinder and other dating sites, that shows just how appealing a good credit score can be. Financial responsibility was ranked as a very or extremely important quality in a potential mate by 69 percent of the 2,000 online daters surveyed. That placed it ahead of sense of humor (67 percent), attractiveness (51 percent), ambition (50 percent), courage (42 percent), and modesty (39 percent). A good credit score was associated with being responsible, trustworthy, and smart.  That’s right. These amorous respondents effectively put credit score 18 points ahead of cute.

A High Credit Score Can Make You Look Sexy on Dating Apps - Bloomberg

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Speaking at Société Générale's annual global strategy presentation, entitled Are investors in denial or do fiscal fireworks mark yet another 'new era'?, Edwards told investors a recession is highly likely this year due to large corporate debt loads in the US. Furthermore, the strategist, who is known for his bearish views, said the economic decline could be just as bad as that witnessed during the 2008 financial crisis... He added: "I personally expect the S&P to fall to a new low. The Federal Reserve is also likely to tighten much more than the market expects because of rapid wage inflation and we could have a very traditional end of cycle." Edwards said the real risk for investors is the Fed tightening interest rates, adding now is the "wrong time for major fiscal stimulus".

SocGen's Albert Edwards: Turmoil this year could be as bad as 2008 financial crisis

The NASDAQ recorded its best week of the year despite what most observers would deem as worrisome geo-political developments, a less-than-stellar US jobs report, and a devastating hurricane that, in addition to tragically claiming many victims, wiped out significant physical wealth.

El-Erian: Why the stock market had such strong week

Another option is to buy the Global X Lithium and Battery Tech ETF LIT, +1.36% Some 6.8% of the ETF’s assets are in Tesla stock. Global X Lithium and Battery Tech not only provides diversification, but it gives exposure to stocks that don’t trade in the United States. However, this ETF has often lagged behind in performance compared with individual stock picking.

Tesla stock too expensive? Try these alternatives - MarketWatch

The X-Spect is a portable device that detects fabric composition, scans stains and figures out what your food is composed of. As pictured above, it looks a lot like a TV remote, and it features a tiny screen and capacitive touch buttons that let you browse through menus. Right now Bosch is demoing the X-Spect, which weighs a mere 200 grams (less than half a pound) alongside one of its WiFi washers to deliver "optimal" cycle recommendations.

Bosch's stain scanner knows what you spilled on your shirt last night

Pricing has come down and technology has matured to the point that you’ve finally convinced your significant other to let you buy that shiny new 4K TV you’ve been lusting over for months. Admittedly, it looks great as the centerpiece in your living room or man cave. You’re the envy of all your friends and family… everyone except Sharp, who insists the set is yesterday’s news. It’s a conclusion that you’ll also likely reach after having a look at their latest offering. The 70-inch Sharp Aquos 8K TV boasts a resolution of 7,680 x 4,320 pixels which is 16 times the resolution afforded by a standard Full HD set.

Sharp announces 70-inch 8K TV, thoroughly outdating your new 4K set - TechSpot

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Financial whiz Bill Ackman’s YouTube presentation, “Everything you need to know about finance and investing in under an hour,” turns five years old later this year. Think of it like “Investing for Dummies,” as explained by the smartest guy in the room. To commemorate the occasion, we decided to revisit the popular tutorial, which recently topped an impressive 2 million views, to see if it’s really worth 44 minutes of your time in today’s market climate.

Is this YouTube video the best investing class on the internet? - MarketWatch

Five percent decline in European stocks driven by the 10 percent appreciation in the euro may appear justified The euro is currently trading at $1.19 against the dollar, after hitting a two-and-a-half year high on the back of a weaker dollar and on political risks easing in the euro zone. With the market already up around 4 percent this year, the Euro Stoxx 600 target suggests a further 6 percent potential upside for the index.

Euro strength makes Europe a buying opportunity for investors, Barclays says

There are many today who believe the vertigo-inducing rise in value of bitcoin — up 643 per cent in the past 12 months and more than 4,000 per cent over five years — represents the greatest parabolic bubble of modern times, and one that is primed to suddenly and violently pop. At the same time, next to none of these cryptocurrency sceptics are foolhardy enough to put their money where their mouths are and actually make a bet against the value of bitcoin. That is because attempting to time a market is ill-advised, and never more so than when betting against a bubble.

Betting against bitcoin

"So if you think that higher oil correlates with economic growth, then you're most likely to set up a basket of stocks that does well when the economy is accelerating, and you can buy that basket every time oil goes higher," Cramer said. Cramer suggested that basket of stocks could include airline stocks, which perform well when the economy is strong and people have more disposable income as a result. Then the complexity of this "algorithmic investing" comes into play, because when oil rises, airline costs rise, meaning airline stocks should fall under pressure, but they don't, Cramer said And the downside sees the same result. When oil goes down, airlines go down, but not as much as they should since cheap oil is a plus for those stocks.

Cramer explains the key to understanding market declines

Even if Hurricane Irma doesn’t make landfall in the contiguous United States, its impact could be felt nonetheless. Hurricanes cause an increase in international migration to the U.S., according to a new working paper from researchers at the University of Michigan distributed by the National Bureau of Economic Research this week. To produce their analysis, researchers used immigration-related data from the U.S. Census Bureau and the Department of Homeland Security along with information on hurricane tracks from the National Oceanic and Atmospheric Administration’s Tropical Prediction Center and the Joint Typhoon Warning Center.

One way Hurricane Irma could affect the U.S. — even if it misses Florida - MarketWatch

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When the head of major financial institution voices his or her concerns over the market, investors tend to sit up and listen. More often than not the signs have been there all along, but in today's increasing frenetic society it takes a "voice from on high" to catch people's attention. That's what happened earlier this week when speaking at a conference in Germany, Goldman Sachs (GS - Get Report) CEO Lloyd Blankfein shared that he was "unnerved" by things going on in stock market. The comment, which came at the end of the question and answer session of his presentation, amounted to the following: "Things have been going up for too long," he told attendees at a Handelsblatt business conference in Frankfurt. "When yields on corporate bonds are lower than dividends on stocks? That unnerves me."

8 Reasons Goldman Sachs CEO Has Every Reason to Be Terrified of Stock Market - TheStreet

The big question for market players this morning is whether the news flow is going to increase market volatility in the S&P 500 ETF, SPDR Dow Jones Industrial Average and the PowerShares Nasdaq ETF. The biggest trading challenge recently has been the limited reaction to news events. Despite the North Korean situation, two major hurricanes, political chaos in Washington, central banker rumination and seasonal weakness, the indices remain quite sedate. The pattern for a while has been a one-day selloff followed by a quick recovery and then very limited volatility. The dips create some hope that we will finally see increased volatility, but it dries up quickly and we end up with action such as Thursday when the indices barely budged and breadth was dead flat. The bears use this action to predict that the market is set up for the long-awaited correction, but they keep waiting for it to come to fruition. The market keeps shrugging off the bearish arguments and the computer algorithms continue to operate with a bullish bias.

Robots Might Be Biggest Obstacle for Stock Market Bears - TheStreet

The Bitcoin Investment Trust Shares have increased 10-fold in value in the last twelve months, gaining more than 80 percent in the last three months alone. Meanwhile, SPDR Gold shares are down 0.68 percent in the last twelve months and up 3.19 percent in the last three months.

Bitcoin Is The New 'Gold'

Try Hamburg. For years, locals celebrated Amsterdam’s moniker: “the Venice of the North.” Now they see it as a warning cry. The city of 850,000 welcomed 17 million visitors last year, and politicians have halted hotel development (and put strict regulations on Airbnb, while also slashing the tourism office’s marketing budget) to limit noisy, beer-guzzling tourists and maintain quality of life for residents.  The port city of Hamburg, meanwhile, is just starting to register for global travelers. Like Amsterdam, its old city flanks a series of mirror-like canals, its character-packed buildings have brick facades and patinated copper roofs, and narrow bridges are traversed by cars and bikes alike. This historic city core has its undeniable charms, but the more industrial HafenCity area is the new heartbeat of Hamburg: It’s where you’ll find the modern Elbphilharmonie performing arts complex, a handful of concept shops and indie brand flagships, and some of the city’s top tables. Also a good choice: Stockholm, for its Baroque seaside buildings, laid out along a string of picturesque islands.

Want to Avoid Other Tourists When You Travel? Here's Where to Go - Bloomberg

They had a name for it: Merckxissimo. They called him, not affectionately, the Cannibal. When the 24 year old Belgian reached the Velodrome de Vincennes in Paris after 4,118 kms of hard fought racing they gave him the Yellow Jersey – and the Green points jersey, the White combination jersey and the title of King of the Mountains. The red and white jerseys of his Faema team dominated the team classification with their leader winning seven stages on all types of terrain, from the flatlands of the North to the mountains of the South  He was over 17 minutes ahead of the two Frenchmen who shared the podium. He was Merckx the Magnificent who won every long time trial in the race; Merckx the Munificent who allowed Pingeon to win the stage to Chamonix; Merckx the Merciless who rode for 140kms alone through the Pyrenees, over the Soulor and the Aubisque, even though he had the overall victory firmly in his pocket. “The idea that the Tour is never won until it reaches Paris is finished – Merckx has shattered that legend” eulogised Jacques Goddet. In his Tour de France debut, the Belgian did not disappoint.

1969: The Birth of Merckxissimo at the Tour of Flanders | 100 Tours 100 Tales

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At the start of the year, we were surprised when SocGen's Albert "Ice Age" Edwards, the biggest perma-deflationist on Wall Street, flipped his outlook on the US economy, and said he now expected a fast spike in inflation driven by wage growth, which in turn would prompt an even more accelerated tightening cycle by the Fed. We did not see it, and said so, pointing out that the bulk of US job growth in recent years has been among industries that have little to no wage power. More than half a year later, and several months after a puzzled Edwards asked "Where Is The Wage Inflation?", the SocGen strategist has finally thrown in the towel, and in a note released this morning, admits he was wrong, or as he puts it "I was too optimistic", to wit: At this point in the US economic cycle a tight labour market would normally be producing a notable upturn in wage and CPI inflation. This would usually prompt the Fed into a tightening cycle that would typically end in a surprise recession. This is exactly what I expected to occur at the start of this year and I thought it would be that recession that would tip the US into outright deflation ? but I was wrong. I was too optimistic!

"I Was Wrong": Albert Edwards Finds Something That Has Never Happened Before | Zero Hedge

ICOs, or Initial Coin Offerings, are an alternative, unregulated way of fundraising enabled by blockchain technology. Investors are sold digital “tokens” in exchange for their financial contributions, which can then varyingly be used to allow access to the finished product, act as a kind of voting power, or for other purposes.   Once esoteric, they’re currently one of the hottest tickets in tech circles. And that billboard was, at the time, one of the most visible examples yet of how even the most arcane aspects of the cryptocurrency craze are now bleeding into the “real” world — accompanying a wave of interest in more “mainstream” digital currencies like bitcoin.   ICOs are booming — repeatedly raising hundreds of millions of dollars and overtaking mainstream funding sources. Digital currencies like Bitcoin and Ethereum are soaring in value, increasing tenfold in a little over a year.

The bear case for crypto – Preston Byrne

What is sustaining copper on its seemingly inexorable march toward $7,000 a metric ton? It's worryingly hard to say. The metal has gained 48 percent over the past year, a standout performance that's the best by some margin of the London Metal Exchange's main industrial metals. Bulls seem to think it has further to go: Investment funds' net long position in Comex copper was a record 125,000 contracts as of Aug. 22, according to regulatory data released Friday.

There's No Copper Bottom to This Inexplicable Rally - Bloomberg

Schools in 45 states have pushed their start times back to fall in line with research that looks at the biological clock of adolescents. Administrators have found short-term roadblocks but long-term rewards for students, parents, and teachers. A greater appreciation for the benefits, not the downsides, of starting school later could help more schools help their students.

School start times are finally getting pushed back — and it's working - Business Insider

This is a guy who knows a guy, a middleman in the black market for Instagram verification, where anyone from a seasoned publicist to a 22-year-old digital marketer will offer to verify an account—for a price. The fee is anywhere from a bottle of wine to $15,000, according to a dozen sources who have sold verification, bought verification for someone else, or directly know someone who has done one or the other. "These guys pay all their bills from one to two blue checks a month," another message from the middleman added later. The product for sale isn't a good or a service. It's a little blue check designated for public figures, celebrities, and brands on Instagram. It grants users a prime spot in search as well as access to special features.  More importantly, it's a status symbol.

Inside the black market where people pay thousands of dollars for Instagram verification

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Still, Goldman says fear not, for a couple of key factors are still working in favor of a prolonged stock market expansion. The first is a lack of investor euphoria — the type of unabashed confidence that has historically left bull markets vulnerable to sharp downturns. Goldman cites cash positions of 3.2% for mutual funds, which is in line with the historical average. If there were an overabundance of confidence, this measure would be far lower, with more capital in play. "Investors today are situated between skepticism and optimism," a group of Goldman strategists led by David Kostin wrote in a client note. "Few are euphoric as 27% of core managers are beating their benchmark. 'Tormented bulls' best describes investor mentality." A second factor that should keep the stock market afloat is persistent US economic expansion, Goldman says. The firm specifically cites strong monthly job growth, rising wages, confidence at its highest level since 2001, and household balance sheets that are their strongest since 1980.

GOLDMAN SACHS: 2 big reasons stock market is safe from correction - Business Insider

The global economy is running on all six cylinders. It may not be a global synchronized boom, but it is the most synchronized expansion of economic activity that the global economy has had since the recovery from the 2008/2009 recession. The direction of change can be seen in the titles of the past four issues of the International Monetary Fund’s World Economic Outlook: “Subdued Demand: Symptoms and Remedies” (Oct. 2016), “A Shifting Global Economic Landscape” (Jan. 2017), “Gaining Momentum?” (Apr. 2017), and “A Firming Recovery” (Jul. 2017). Why is this happening now?

Dr. Ed's Blog: Global Synchronized Growth: Why Now?

“Why did it take me so long to update my beliefs in the presence of repeated disconfirmation? I had a thesis: that the elevated corporate profit margins I was seeing in 2011 would fall back down to past averages. Reality told me that this thesis might be wrong in 2012, when the prediction failed to come true. Then it told me again in 2013. Then it told me again in 2014, and again in 2015, and again in 2016, and again in 2017. Was all of this repetition really necessary? Could I have been more receptive of the message the first time it was presented?” Winning in the investing game isn’t simply about having true prior beliefs about the world. It’s also about efficiently updating those beliefs in response to feedback from reality.

Profit Margins, Bayes’ Theorem, and the Dangers of Overconfidence | PHILOSOPHICAL ECONOMICS

Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply.

Hong Kong Finance Chief Warns Again of Property Risk as Fed Acts - Bloomberg

Investing is a forward-looking endeavor. Investors need to build a portfolio for the economy that lies ahead, not the one in the rearview mirror. Unfortunately, the view of the road before us is murky at best. History is not very helpful either, as the global quantitative-easing experiment has never been attempted at its current magnitude. How can investors prepare for the consequences of such engineered, inorganic growth? To paraphrase Warren Buffett, “To finish first, first you need to finish.”

This should be your No. 1 criterion when buying stocks now - MarketWatch

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Shares of retailers are on track for the best month in more than a year as investors return to a sector that has been cast into the bargain bin on fears that traditional bricks-and-mortar stores are destined to disappear. Experts have long been warning that online shopping would ultimately replace physical stores but concern over this trend accelerated this year with the stock of ecommerce behemoth Amazon surpassing $1,000 while shares tied to traditional retailers sold off.

Traditional retailers outperform Amazon this month

But there are a few serious hurdles standing in the way of passing tax reform right now, whatever the pace. The biggest obstacle may be time: The House and Senate are scheduled to be in joint session for less than 50 days for the rest of the year. Here are five of the major problems facing Congress in the near term that will make it hard to satisfy Trump's call for a speedy execution of tax reform this year:

5 reasons why Trump's speedy tax reform won't happen - Business Insider

A magnet is pulling Apple’s stock price to $200 — and beyond. The strong pull consists of fundamentals, technicals and market mechanics. Let’s explore that, starting with a chart. The chart Please click here to see an annotated monthly chart of Apple’s stock AAPL, -0.75% For the sake of transparency, this is the same chart that The Arora Report provided a day before Apple’s new iPhone launch event held Tuesday.

These three catalysts will push Apple’s stock to over $200 - MarketWatch

J.P. Morgan Chase & Co. boss Jamie Dimon just leveled one of the harshest criticisms about bitcoin and the broader digital-currency sector to date. Speaking at a banking industry conference organized by Barclays BCS, +3.16% Dimon compared the rapid ascent of bitcoin BTCUSD, -1.44%   with the 17th century mania over tulip bulbs — viewed as a classic, textbook bubble — and predicted that things may end just as badly for investors in the decentralized currency, which has been surging over the past year. “Bitcoin will eventually blow up. It’s a fraud. It’s worse than tulip bulbs and won’t end well,” Dimon said.

Dimon calls bitcoin ‘a fraud’ and may have delivered the biggest blow to the digital currency - MarketWatch

Few issues in central banking are more likely to provoke anxiety than the fear of losing control of one’s currency. The past few days have provided another perfect illustration of this point. On Monday the Chinese central bank banned initial coin offerings of bitcoin-type currencies, leading to a fall in the value of some cryptocurrencies of as much as 20 per cent.

The penny drops for central banks on cryptocurrencies

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Called Bodega, this startup installs unmanned pantry boxes in apartments, offices, dorms, and gyms. It promises convenience, but also represents competition for many mom-and-pop stores.

Two Ex-Googlers Want To Make Bodegas And Mom-And-Pop Corner Stores Obsolete

Grayscale’s Bitcoin Investment Trust, a closed-end bitcoin fund, has lost nearly half of its value over the past two weeks, after falling a further 8% on Thursday amid a precipitous plunge in the value of its underlying asset. The 48% dive in the fund so far in September comes as bitcoin has shed about a third of its value, as the digital-currency market convulses lower on a spate of negative news.

One bitcoin-linked fund has lost half its value in just 2 weeks - MarketWatch

Until recently, policymakers had not worried too much about cryptocurrencies — they provided few benefits as a currency, apart from to those simply trying to hide their tracks. They are not a “store of value”, as Monday’s move showed. They are not widely enough accepted to be a useful medium of exchange. And digital currencies have failed to be as secure as promoted — they have been successfully hacked several times in the past 12 months.

The penny drops for central banks on cryptocurrencies

In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that research effort is rising substantially while research productivity is declining sharply. A good example is Moore's Law. The number of researchers required today to achieve the famous doubling every two years of the density of computer chips is more than 18 times larger than the number required in the early 1970s. Across a broad range of case studies at various levels of (dis)aggregation, we find that ideas — and in particular the exponential growth they imply — are getting harder and harder to find. Exponential growth results from the large increases in research effort that offset its declining productivity.

Are Ideas Getting Harder to Find?

The idea sketched out on that humble white board (pictured left) still remains the core of the Tiber Health project. Lenihan’s thesis is twofold. The first is that medical schools are looking at the wrong signals to determine who they accept. And once accepted, university resources are misallocated by focusing on having professors lecturing to students instead of providing more interactive and practical examples of lessons in the classroom.   Lenihan first began changing admissions guidelines and teaching practices at Touro. He expanded the number of students admitted to the medical school and told teachers to start recording their lectures and distributing them before class.

Tiber Health wants to solve the world’s doctor shortage | TechCrunch

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Much of the optimism driven by stronger growth in Europe, reduced political risks and a hawkish ECB has already been priced in. The dollar weakness partly fueled by the lack of progress with President Donald Trump’s fiscal policies and weak inflation data may start to turn as the Federal Reserve takes the lead in tightening before its European counterpart. “Euro-funded carry trades make sense at this juncture,” said Guillermo Felices, senior investment strategist for multi-asset solutions in London at BNP Paribas Asset, which manages the equivalent of $675 billion. “We have now reached a point where both policy actions and macro data could start surprising to the upside. The risk of a lower euro versus the dollar in the next six to 12 months is material and that favors euro as a funding currency.”

Pain Trade to Turn to Joy for EM Investors Calling Euro Top - Bloomberg

"This market's rotating into what's been left behind of late. That's healthy. Hey, you know what? It's health care. That's right, health care's catching up. How can you spot these rotations? It's simple. Let me give you my No. 1 rule of thumb for spotting rotations," the "Mad Money" host said. "First, you look up what stocks are rallying the most. You can look at percentage gains or big [basis] point gains. Then you see if there's any news or research behind the particular move that you're seeing. If there's nothing to it, if there's no obvious reason, then you know what you're witnessing? The beginning of a rotation."

Cramer's No. 1 rule for spotting stock market rotations

Year-to-date, Apple has outgained Amazon (AMZN) (32.32%), Alphabet (GOOGL) (18.64%), Microsoft (MSFT) (20.33%), and Walmart (WMT) (15.28%). With the major indices near all-time highs and Apple introducing several new products in time for the holiday shopping season, the stock has plenty of time to add to its gains.

Apple Critics Are Totally Missing the Point

A growth spurt of 26% in 2015 was branded “leprechaun economics”: large multinationals seeking to protect their profits moved intellectual property into Ireland, with no change in the real economy. Ireland’s exchequer remains highly dependent on a few large companies, leaving the economy in a vulnerable position.

Weakest eurozone economies on long road to recovery | Business | The Guardian

We have identified 20 rapidly growing companies that have also become more profitable. And the surprise is that they can reasonably be considered growth stocks. MarketWatch’s Mark Hulbert pointed out that value stocks are cheaper relative to growth stocks than they have ever been, except for the internet bubble of 2000. Also see: These four fund managers’ secret to success: Don’t go with your gut on stocks To start, what is a value stock? It’s generally considered to be one that trades low relative to book value. John Buckingham, the editor of the Prudent Speculator newsletter (which recently had a No. 1 ranking for performance since its inception 40 years ago from the Hulbert Financial Digest), simply divides all stocks in half. The cheaper half, based on price-to-book ratios, are deemed value stocks.

These 20 value stocks are disguised as growth stocks - MarketWatch