presidential election

A trio of labor economists suggest that effort at work is correlated with race...

As The Economist writes, given the long history of making racial slurs about the efforts of some workers, any study casting black and Hispanic men as lazier than whites and Asians is sure to court controversy.

But, a provocative working paper by economists Daniel Hamermesh, Katie Genadek and Michael Burda sticks a tentative toe into these murky waters.

Last week, special counsel Robert Muller and his team subpoenaed the Trump campaign asking campaign officials to handover Russian-related documents. The subpoena was first reported by the WSJ on Thursday, which the source said, the campaign has already turned over 20,000 documents, and was not clear why the subpoena was issued. Mueller and his team of investigators are probing for any collusion between President Trump and ‘the Russians’ during the 2016 presidential election.

Shortly after Wired first profiled the NSA's new super spycenter in Bluffdale, Utah (one year before Snowden confirmed that much of the agency's activity involved spying on US citizens and soon to be presidents), speculation emerged as to how much data storage capacity this brand new US spy hub would have.

US index futures are unchanged, having recovered virtually all overnight session losses alongside the EURUSD following Merkel's failure to form a government, while European shares rise despite Angela Merkel's failure to form a new government. In the span of just hours, the goalseeked "hot take" consensus was that Germany’s collapsed coalition talks aren’t expected be a deal breaker for European equities due to the "strength of the German economy."

The mainstream media is a fickle beast beholden to the direction of the prevailing political winds. Unfortunately for Facebook, Google and Twitter, those winds have turned about face in recent weeks as the political establishment thrashes about in its misguided efforts to prove that – aided by social media - Russia changed the course of the 2016 presidential election. While Facebook’s share price has suffered very little so far, the mainstream media is going to work on the reputations of Facebook and its billionaire founder.