Today Stocks Were Way Up Because the Stock Market Is Pure Fantasy

After the biggest drop since the Great Recession on Monday, U.S. stocks today posted their biggest gain in four years, because the stock market is driven mainly by bullshit. http://gawker.com/is-the-stock-m… What happened between Monday morning—when investors around the world were selling stocks as fast as possible—and today, when investors around the world were buying so…

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Efficiencies Sought – The Awl

FKA Capital New York reports: At the behest of chief financial officer David Geithner, starting this Wednesday, sources familiar with the matter told POLITICO, the global business advisory firm FTI Consulting will begin meeting with Condé Nast employees to help assess things like editorial workflow, processes and productivity across the company’s nearly two dozen titles,…

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The Creative Apocalypse That Wasn’t – The New York Times

On July 11, 2000, in one of the more unlikely moments in the history of the Senate Judiciary Committee, Senator Orrin Hatch handed the microphone to Metallica’s drummer, Lars Ulrich, to hear his thoughts on art in the age of digital reproduction. Ulrich’s primary concern was a new online service called Napster, which had debuted…

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Charts: This may be the start of the world’s next financial crisis – Quartz

China’s stock markets continued a seemingly uncontrolled drop on Monday, pulling everything from Asia stock exchanges to commodities down further with them. Despite a huge amount of government stimulus, investors have lost faith in China’s stocks and are now focused on an impossible to answer question: how bad will China’s economic slowdown be? The Shanghai…

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