News: 2014-01-17

North America

Canada’s property boom – FT.com

Best Buy’s holiday sales disappoint – FT.com

This doesn’t mean that GDP growth was poor. It means that margins were bad in retail. “Best Buy saw almost 30 per cent wiped off its market capitalisation on Thursday after the US electronics retailer reported that heavy discounting by its rivals had cut in to holiday sales. “

Prisoners of Profit – The Huffington Post

Consumer prices post largest gain in six months

Econbrowser: Guest Contribution: “Understanding the Potential Effects of QE on Gross Financial Flows to Developing Countries”

Fed’s Williams Questions Whether QE Should Remain in Toolkit – Real Time Economics – WSJ

Bernanke Says QE Works While Posing No Immediate Bubble Risk – Bloomberg

Campaign Finance: Companies Give Millions to Political Nonprofits | TIME.com

 

Bitcoin

Beware the mania for Bitcoin, the tulip of the 21st century – FT.com

Sacramento Kings NBA Team to Accept Bitcoin – WSJ.com

Canada Says Bitcoin Isn’t Legal Tender – Real Time Economics – WSJ

 

Markets

Intel Beats Q4 Revenue Forecasts With Top Line Of $13.8B, Misses On Profit With EPS Of $0.51 | TechCrunch

How to detect a market bubble | Gavyn Davies

Citigroup Earnings Miss as Bond-Trading Slump Slows Turnaround – Bloomberg

BBC News – Goldman Sachs sees big quarterly profits fall

Goldman Sachs plots a way round EU bonus cap | Business | The Guardian

 

Europe

High street sales jump 2.6% in unexpected Christmas surge | Business | theguardian.com

BBC News – How to break up banks

Debunking the Idea that “Structural Reforms” Reduce Unemployment | naked capitalism

Income gap poses biggest threat to global community, warns WEF | Business | The Guardian

Why has Europe’s economy done worse than the US? | Mark Weisbrot | Comment is free | theguardian.com

 

Asia/Australia

China Mobile iPhone Packages Not Cheap – Digits – WSJ

More See Worrying Signs for Australia Economic Growth – Real Time Economics – WSJ

 

Technology

NSA collects millions of text messages daily in ‘untargeted’ global sweep | World news | theguardian.com

Hackers And Spambots Are Going After Your Fridges and Smart TVs Now | TechCrunch

Meet The Malware That Took Down Target | TechCrunch

Looks Like Russians Were Behind the Target Hack

A Closer Look At The Target Malware Part II

Rebooting webOS: how LG rethought the smart TV | The Verge

Confirmed: Yahoo’s Editor-In-Chief Is Out | TechCrunch

Yahoo’s Comeback Is All Smoke and Mirrors

Andreessen Horowitz Invests $20M In Custom Apparel Platform Teespring | TechCrunch

Reuters deeply alarmed by competition in the cellphone industry : Columbia Journalism Review

50 Best Firefox Addons Of 2013

Apple’s iPhone now represents 42% of smartphones owned in the US – NPD

Google executives set to break ground on $82 million private air terminal next month

DoubleTwist’s new Android app records songs played on iTunes Radio (updated)

Hershey, 3D Systems to Develop Printable Foods – WSJ.com

How to Block on Twitter: Blocking in Fight Against Cyberstalking | TIME.com

 

Elsewhere

Can Having Sex Make You Smarter? — PsyBlog

Arnold Schwarzenegger having ballet lessons | Retronaut

When the NFL’s greatest QB rivalry was born, few cared. | SportsonEarth.com : Mike Tanier Article

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