Jon Stewart Goes Live From Chicago on the Last Night of the D.N.C.
Welcome to Best of Late Night, a rundown of the previous night’s highlights that lets you sleep — and lets us get paid to watch comedy. Here are the 50…
South Korea Battery Plant Rushed Production Before Deadly Fire, Police Say
The fire at a lithium battery plant in South Korea that killed 23 workers in June broke out after the factory’s operator rushed production, ignored signs of danger and provided…
5 Takeaways From the Democratic Convention
A month and a day after Democrats made a change, Kamala Harris has the party faithful believing. The vice president’s speech on Thursday capped an ebullient four-day convention in Chicago…
Why Jackson Hole Is the Fed’s Biggest Shindig
Anyone who has flipped through newspapers or business television channels this week might have noticed two words on repeat: Jackson Hole. They refer to the premier central banking conference of…
A Turbulent Month Shows Markets Are Fickle. So Be Patient.
The stock market not only has recovered from its tantrum of early August, it is behaving as though that downturn never happened. Stocks have been rallying joyfully. With the political…
Harris Promises to Chart ‘New Way Forward’ as She Accepts Nomination
Vice President Kamala Harris used her acceptance speech at the Democratic National Convention on Thursday to present herself as a pragmatic leader who could unite all Americans behind a “new…
The Death of the Engineer CEO: Evidence that Short-Termism and Financialization Had Become Ascendant | naked capitalism
Marko Jukic, in a Twitter threat flagged by reader dk, advances a theory that is neat, plausible, and wrong. He correctly points out how the installation of CEOs coming out…
“No One Has a Right to Limited Liability” | naked capitalism
Yves here. While this Richard Murphy post correctly fingers the considerable cost of the limited liability regime, omnipresent in modern commerce, he doesn’t suggest a way out. And that’s because…
Oprah, ‘cat ladies’ and other key takeaways from DNC’s third night
Tim Walz was formally nominated as the Democratic candidate for vice-president at the party’s convention in Chicago on Wednesday night – where delegates also delighted in a surprise speech about…
Guatemala Arrests 7 Over 2022 Deaths of 53 Migrants in Texas
The Guatemalan police on Wednesday arrested seven people in connection with a June 2022 human smuggling operation that caused the deaths of 53 people, including children, in one of the…