What happens when investors become passive and the Fed trusts markets over models? As Conor Sen warns, we're about to find out.
The Riddle of Wall Street Brain Drain
Top college graduates are still flocking to Wall Street, even though Silicon Valley has stolen some of its luster. But does the Ivy-League-to-finance pipeline leave other industries begging for skilled workers? Noah Smith investigates (and finds reason to be worried).
Clinton's Powerful, Unreliable Coalition
It's been a grueling few weeks for Donald Trump in the polls, and Hillary Clinton is probably feeling buoyant. But Francis Wilkinson says that even if Clinton wins the election in a landslide, she won't get much done unless her coalition can turn Congress blue. Maybe she'll get a boost from winning the battle of the surrogates: Albert R. Hunt notes that Democratic celebrities are hitting the stump, while Republican heavyweights are staying home.
What John Kerry Should Do to Divide Iran and Russia
Iran's constitution forbids foreign forces on its soil, but Russian warplanes are using an Iranian air base anyway. Eli Lake says that's an opportunity for tough diplomacy from the U.S. secretary of state.
China's Emptying Oceans
Seafood, once a culinary luxury in China, has become commonplace; the country is now the world's largest consumer of seafood. But that's come at a price: There are almost no fish left in the East China Sea. Adam Minter says that if China wants to rebuild its maritime reputation, reining in an out-of-control fishing fleet is a good place to start.
- Hosting the Olympics is a terrible investment (FiveThirtyEight)
- The top 20 CEOs with even bigger golden parachutes than Marissa Mayer's (Bloomberg)
- Your political Facebook posts aren't changing how your friends think (Quartz)
- Cisco cuts now now to avoid more pain later
- Chipotle doesn't even know if free burritos are working
- Carl Icahn has a Pablo Escobar joke for you.