In praise of oligopoly

Having three major labels in the middle of the music-industry ecosystem is a good thing all round.

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The Not So Special Hundred-Million-Dollar Giacometti

In today’s ultra-luxe art market, recognizability determines a piece’s worth more than uniqueness does.

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End of an Era

Slate Money on Apple CEO Tim Cook and the “glass closet,” the American oil boom, and the Federal Reserve ending a historic stimulus.

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Youthquake 2014: How young Americans can make red states go blue

A relatively small youthquake could easily determine whether it’s the Republicans or the Democrats who form the majority in the Senate for the next two years.

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Trust No One

Slate Money on noncompete clauses, bad statistics in financial economics, and what the Federal Reserve knew in advance about J.P. Morgan’s “London Whale.”

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The “Read These Books” Edition

Slate Money on new and old money-themed reads with special guests John Lanchester and Jake Halpern.

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What’s the punishment for ripping off consumers?

In the US, the typical response seems to be a fine — and, what’s more, a fine which barely covers the rip-off profits.

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Discovering Etienne Courtois

A young rebel winemaker in the Loire Valley

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The “Bad Advice” Episode

Slate Money—with special guest Anil Dash—on tech company breakups, the AIG trial, and where to invest your non-retirement money.

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Broken sapphire

Can GT Advanced Technologies live again?

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Millennial datapoints of the day

Fusion just published the results of its Massive Millennial Poll.

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Building a Bigger Bubble

What does the $24 billion NBA deal mean for the future of TV sports?

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Salmon Roasted

Peter Dorman accuses me of “an embarrassing, high-visibility economics fail”, and a blog-comment conversation ensues.

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If you want find out if a media company is doomed, look at its ambitions

Taking bold strategic risks may indicate a management which sees the writing on the wall

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The “Second Guessing Lehman” Episode

Slate Money on whether we should have let Lehman Brothers fail and the pro-democracy protests in Hong Kong.

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Bond investing isn’t about forecasting

Your big macro outlook is a story, not a strategy.

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Letters: ‘The Shifts and the Shocks’

Martin Wolf responds to my review of his book, and I reply to him.

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Introducing GAVEL, the Auction Calculator

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Should Pimco exit the mutual fund business?

Pimco shouldn’t reach its clients on TV, it should reach them in person.

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Why regulatory capture is here to stay

Replying to Dan Davies’s excellent piece on the Fed tapes.

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The “Fuck It, I Quit” Episode

Slate Money with Marketplace’s Kai Ryssdal on the fall of the “bond king,” Yahoo’s negative stock value, and what happens when you know your co-workers’ salaries.

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Annals of NYT innumeracy, Bank Rossiya edition

Lessons in how not to value a bank

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A Radical Response

‘The Shifts and the Shocks,’ by Martin Wolf

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The Hilton Trade

How a big win for Blackstone’s investors was a big loss for its lenders

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Venezuela’s default has already begun

The more you default on various sovereign obligations, the less of a big deal it becomes if and when you eventually default on your bonds.

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