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18 сентября, 00:21

Пугающая идентификация

За прошлую неделю еврооблигации Russian Standard с погашением в 2022 г. резко подешевели: по данным Bloomberg, 8 сентября на открытии они стоили 56% от номинала, а 15 сентября – 29,7%. Доходность к погашению выросла с 35,5 до 65% годовых. Бумаг в обращении, по данным Bloomberg, на $544 млн.

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18 сентября, 00:21

Инвесторы Russian Standard опасаются повторной реструктуризации евробондов

За прошлую неделю еврооблигации Russian Standard с погашением в 2022 г. резко подешевели: по данным Bloomberg, 8 сентября на открытии они стоили 56% от номинала, а 15 сентября – 29,7%. Доходность к погашению выросла с 35,5 до 65% годовых. Бумаг в обращении, по данным Bloomberg, на $544 млн.

17 сентября, 19:01

Made-in-China buses popularized on quality

Europeans are chasing a new fashion to take China-designed new energy coaches as a fresh means of transportation as Europe strengthens its efforts to fight gas emission. Amid fierce competition, Chinese

17 сентября, 18:03

‘I Want to Explode’ — A Roger Ailes Protégé Bares His Soul

Joe Lindsley was as close to the late Fox News chairman as anybody. Now, for the first time, he’s giving his account of their dramatic split.

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17 сентября, 17:37

Press regulator censures Mail on Sunday for global warming claims

Mail on Sunday criticised by Ipso for article claiming global warming data had been exaggerated to win Paris climate change agreementClaims in the Mail on Sunday that global warming data had been exaggerated in order to secure the Paris climate change agreement have been criticised by the UK’s press regulator.The Independent Press Standards Organisation censured the newspaper for publishing a story in early February that was flawed in key aspects. The news story suggested that data from the US National Oceanic and Atmospheric Administration (NOAA), one of the world’s gold-standard sources of weather and climate research, had been treated in such a way as to suggest greater warming than had really occurred. Continue reading...

17 сентября, 17:12

Рейтинг России остался на «мусорном» уровне

Международное рейтинговое агентство Standard & Poor's (S&P) оставило без изменений долгосрочные рейтинги Российской Федерации по обязательствам в иностранной валюте («BB+») и в национальной валюте («BBB-»)

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17 сентября, 15:00

ESPECIALLY SINCE AMERICANS ARE GETTING LARGER AS THE SEATS ARE GETTING SMALLER: Coach seating on ai…

ESPECIALLY SINCE AMERICANS ARE GETTING LARGER AS THE SEATS ARE GETTING SMALLER: Coach seating on airplanes is a ‘Titanic waiting to happen.’ A recent investigation from the Daily Beast seems to confirm nearly every airline passenger’s worst fear: Coach seating “could be a death trap.” The site has reportedly examined “over 900 pages” of documents […]

17 сентября, 14:34

Teaching English in the Age of Trump

The guardians of America's young minds are rethinking the high school canon—and how they teach it.

17 сентября, 05:30

Innovation helps cities master growth vertically

Urbanization raises many new questions. It is changing the face of our world: By the end of this century, 70 percent of the world population will be city-dwellers. Shanghai’s population is expected to

17 сентября, 05:30

Toward a low-carbon, green and livable city

AS the human society reaches a reasonable consensus on joining force to combat climate change, and digital technologies evolve at faster paces, “Low-carbon, Green, Smart and Livable” will become the key

17 сентября, 05:30

Stable steps forward in finance, technology

SHANGHAI has kept stable economic growth this year with structure improving as the city deepens pursuit of excellence in financial services and technology innovation. Latest available data showed the

17 сентября, 03:22

Bonus Quotation of the Day…

(Don Boudreaux) Tweet… is from my late colleague Jim Buchanan’s 1986 Nobel Prize lecture, “The Constitution of Economic Policy“: Many critics of the “economic theory of politics” base their criticisms on the presumption that such theory necessarily embodies the hypothesis of net wealth maximization, an hypothesis that they observe to be falsified in many situations.  Overly zealous […]

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17 сентября, 03:19

'NBA 2K18' Review: If This Game Was A Player, It Would Be LeBron James

NBA 2K18 has set a new standard in sports gaming...again.

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17 сентября, 02:13

Why The iPhone X Will Force Apple To Choose Between Good Or Evil

On the surface Apple is simply being a good member of the community as it finally embraces Qi charging, but Cupertino has already announced plans to extend wireless charging beyond the current Qi standard. What happens next?

17 сентября, 01:09

White House denies backtracking on Paris pact withdrawal

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The White House denied Saturday that the administration was backtracking on its long-held plans to withdraw from the Paris climate deal."There has been no change in the United States' position on the Paris agreement. As the President has made abundantly clear, the United States is withdrawing unless we can re-enter on terms that are more favorable to our country,” said White House Press Secretary Sarah Sanders, in a statement.The denial came after the Wall Street Journal reported that a White House senior official, Everett Eissenstat, had told people at a meeting of energy ministers in Montreal that the administration may revise or craft a new climate deal and emissions standards rather than pull out altogether, according to a top European energy official cited by the Journal.As recently as early August, the White House signaled its intent to continue the process of withdrawal by delivering an official notice to the United Nations vis-à-vis the State Department.President Donald Trump announced his intentions to withdraw the U.S. from the agreement in June during a speech in the Rose Garden – though under the terms of the original deal, the U.S. cannot fully withdraw until Nov. 4, 2020.The president also indicated at that time that he would be open to re-entering the climate pact if he believed the United States could get out of it what Trump deemed a better deal.The State Department announced last month that the U.S. would continue participating in international climate change negotiations, including talks aimed at implementing the Paris pact, "to protect U.S. interests and ensure all future policy options remain open to the administration."Since then, the international community has largely been left in the dark about the United States' plans. Foreign diplomats have long suspected that the U.S. will ultimately remain in the agreement, while weakening former President Barack Obama's pledge to cut domestic emissions 26 percent to 28 percent below 2005 levels by 2025. Diplomats have been buzzing about this weekend's climate meeting in Montreal, where energy ministers were set to discuss the climate deal. An international official familiar with the meeting told POLITICO earlier Saturday that Eissenstat, the No. 2 official on the National Economic Council, told diplomats during a closed-door meeting that the U.S. was mulling plans to remain in the Paris deal and to rethink Obama's climate pledge. But White House officials strongly denied that. Another White House official said Saturday diplomats were mischaracterizing Eissenstat's comments. The news comes as National Economic Council Director Gary Cohn is set to meet with foreign officials in New York City on Monday to discuss climate and energy issues ahead of the United Nations general assembly.

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17 сентября, 00:00

Irma and Our Age of Standardized Disaster

Amy Davidson Sorkin, The New Yorker

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17 сентября, 00:00

A Lack of Ideas Has Consequences

James Ceaser, The Weekly StandardSomething has gone missing from American politics. Since the beginning of the new administration in January, public debate focused on general ideas has largely disappeared. Yes, President Trump has a few issues he consistently supports, such as limitations on immigration and lower taxes; and yes, some members of Congress remain strongly wedded to a general theoretical position, which they sometimes promote at the tail end of news shows. But the existence of an integrated set of ideas stemming from a single principle, what some used to call ideology, is absent. In its place is the daily run of...

16 сентября, 21:32

Why do Swedes support their far-right parties?

This is from a job market paper at Stockholm University, by Sirus Dehdari: This paper studies the effects of economic distress on support for far-right parties. Using Swedish election data, I show that shocks to unemployment risk among unskilled native-born workers account for 5 to 7 percent of the increased vote share for the Swedish […] The post Why do Swedes support their far-right parties? appeared first on Marginal REVOLUTION.

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16 сентября, 18:21

There is a hot hand after all

This paper, “The Hot-Hand Fallacy: Cognitive Mistakes or Equilibrium Adjustments? Evidence from Major League Baseball,” delivers on both the theory and the empirics: We test for a “hot hand” (i.e., short-term predictability in performance) in Major League Baseball using panel data. We find strong evidence for its existence in all 10 statistical categories we consider. […] The post There is a hot hand after all appeared first on Marginal REVOLUTION.