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☆ Inside the Rent Inflation Measure That Economics Nerds Love to Hate
▼ + stars: | 2024-05-15 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

There’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.”It stands for owner’s equivalent rent, and it has been used to measure American housing inflation since the 1980s. As its name suggests, it uses a combination of surveys and market data to estimate how much it would cost homeowners to rent the house they live in. But three years into America’s price pop, it has become almost cliché for economists to hate on the housing measure. The most intense haters insist that it is giving a false impression about where inflation stands. “It’s just not adding anything to our understanding of inflation,” said Mark Zandi, chief economist of Moody’s Analytics and a frequent adviser to the Biden administration.

Persons: There’s, “ It’s, ”, Mark Zandi, Biden, Zandi, grousing, “ Organizations: New York Times

☆ Live Updates: Inflation Expected to Cool Slightly
▼ + stars: | 2024-05-15 | by ( Ben Casselman | ) www.nytimes.com time to read: +9 min

Housing Inflation Remains Stubbornly High Economists had expected two measures of rental inflation to fade in 2023 and 2024, but that process is taking time to play out. There are two main measures of inflation in America, the Consumer Price Index and the Personal Consumption Expenditures index. Consumer Price Index Inflation Remains Hotter The Consumer Price Index is climbing faster than the Personal Consumption Expenditures index, in large part because it weights housing more heavily. With housing, Consumer Price Index inflation totaled 3.5 percent in March. But the convergence between new and existing rent inflation is taking a lot longer than expected.

Persons: There’s, “ It’s, ”, Mark Zandi, Biden, Zandi, grousing, “, O.E.R, We’re, would’ve, Mark Franceski, I’ve, Ernie Tedeschi, Tedeschi Organizations: New York Times, Federal Reserve, Index, Housing, Zelman, Associates, White House Council, Economic Advisers Locations: America, bam, Europe

☆ Biden vs. Trump is set. What are the alternatives?
▼ + stars: | 2024-03-06 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —The Joe Biden vs. Donald Trump rematch is a presumptive reality after the president and former president both dominated Republican and Democratic primaries on Super Tuesday. Independent candidates. When Kennedy, West and the Green Party’s Stein were added into the question, things changed. Trump was still on top with 42%, Biden got 39%, Kennedy had 15%, West had 3% and Stein had 2%. Buzzy independent candidates have a tendency to lose support as Election Day nears.

Persons: Joe Biden, Donald Trump, Biden, Gary Johnson, Jill Stein, Hillary Clinton, Ralph Nader, Kanye West, Robert F, Kennedy Jr, Cornel West, Sen, Joe Manchin, Ryan Clancy, Abby Phillip, you’ll, ” Clancy, Kennedy, Kanye, Trump, Here’s, ► He’s, Cornel West’s, Party’s Stein, Stein, Ariel Edwards, Levy, that’s, Ross Perot, Bill Clinton, Eva McKend’s, CNN Kennedy, Kennedy –, –, ” Matt Welch, CNN’s Michael Smerconish, Welch, Jake Tapper’s, CNN’s Kasie Hunt, Hunt debunks Organizations: CNN, Republican, Democratic, Super, Trump, Libertarian Party, Green Party, New, New Mexico Gov, Libertarian, Marquette University, West, Democrats, Biden, Democrat, White, Black, RFK Jr, “, of Columbia, Hunt debunks RFK Jr Locations: New Mexico, Florida, West Virginia, West, Wisconsin, ► Nevada, New Hampshire, Hawaii, Arizona, Georgia, Utah, Alaska , Oregon, South Carolina, New York, California

☆ Here's how I see the Fed's rate-cut dilemma playing out — and 5 more themes for 2024
▼ + stars: | 2024-02-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Here's why: The conversion from three or four cuts to two to one to no cuts won't happen overnight. It won't be a headlong rush out of the stock market. As long as enough people think rate cuts are going to occur, there won't be torrent of money going to the sidelines. What else could influence our thinking for 2024 besides this rate-cut dilemma? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Nixon, Goldwater, John Ellis, Steve Schwarzman, Blackstone, There's, we're, It's, Estee Lauder, Eaton, Ingersoll Rand, Nucor, Eli Lilly, —, Zepbound, aren't, Jim Cramer, Jim Organizations: CNBC, Club, Fed, Federal Reserve, U.S, Army, U.S . Army, Republican, Federal Trade Commission, Microsoft, Activision, Wynn Resorts, Apple, Palo Alto Networks, Nvidia, GOP, That's, Caterpillar, it's Novo Nordisk, Jim Cramer's Charitable Locations: Vietnam, Wisconsin , Michigan, Pennsylvania, North Carolina , Georgia, Arizona, Nevada, China

☆ The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons
▼ + stars: | 2024-02-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.

Persons: Morgan, Marko Kolanovic, —, Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif

He said he would ask Congress on Friday for a combined security funding package – described at being around $100 billion for Ukraine, Israel, Taiwan and the U.S.-Mexico border – to help Ukraine and Israel defend themselves. Biden warned that Putin would not stop there, perhaps moving to Poland or another NATO nation and escalating the conflict. NATO's charter says that if one member nation is attacked, all of NATO will come to that member's aid. Biden called for unity in the United States, including an intolerance for both antisemitism and Islamophobia in the wake of the Hamas attack. But he said it was imperative that the United States take the lead during the separate crises he said were related by the common theme of defending democracy and the dignity of people.

Persons: Joe Biden, Biden, Vladimir Putin's, ” Biden, Israel –, – Biden, Putin, Israel, grousing Organizations: NATO, West Bank, Hill, Israel, Republicans Locations: United States, U.S, Ukraine, Israel, America, Taiwan, Mexico, Poland, Gaza, Hamas

☆ Law and Medical Schools Quit U.S. News Rankings. Why Did Few Colleges Follow?
▼ + stars: | 2023-09-16 | by ( Alan Blinder | More About Alan Blinder | ) www.nytimes.com time to read: +1 min

Yale Law School started the exodus last November: Dozens of law and medical schools, many among America’s most elite, vowed not to cooperate with the U.S. News & World Report rankings juggernaut. Critics of the rankings dared to hope that undergraduate programs at the same universities would defect, too. Yale, Harvard and dozens of other universities continued to submit data for U.S. News’s annual undergraduate rankings, the 2024 edition of which will be released on Monday. That the rebellion went only so far, for now, has underscored the psychic hold that the rankings have on American higher education, even for the country’s most renowned schools. The rankings remain a front door, an easy way to reach and enchant possible applicants.

Persons: “ It’s, ”, Eric J, Gertler Organizations: Yale Law School, U.S . News, Yale, Harvard

But coupled with the anticipated path of inflation, those projections actually indicate monetary policy will grow more restrictive through 2024 on a "real" or inflation-adjusted basis. It's a nuance undergirding why the Fed sees inflation continuing to fall through next year and unemployment rise despite expected lower interest rates. And in fact, that seems to be what many on the Fed intend: A real policy rate of interest that gradually tightens next year even as the "nominal" rate printed in its policy statement declines. Reuters Graphics Reuters GraphicsREAL VS NOMINALUnder the median projections provided this week, monetary policy actually grows slightly more restrictive next year. By the end of 2024 that spread actually widens to 2%, as the interest rate declines but the rate of inflation falls more sharply.

Persons: Jerome Powell nodded, We're, Howard Schneider, Dan Burns, Andrea Ricci Organizations: . Federal, U.S, Reuters Graphics Reuters, Silicon Valley Bank, Thomson Locations: Silicon

☆ How Gen Z and the Great Resignation created a wave of overinflated job titles
▼ + stars: | 2023-02-07 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

Way back in 1993, the Financial Times ran a column bemoaning the grandiose job titles that were popping up in the US and the UK. Compared with enticements like higher pay and better benefits, tacking an extra "senior" onto somebody's job title is free. Some are mashing together a bunch of old words, resulting in monstrosities like "senior executive vice president" — not to be confused with senior vice presidents and executive vice presidents. Still, despite the downsides of title inflation, I think there are some redeeming qualities to the state of things today. It goes to show how our job titles aren't just a summary of our day-to-day responsibilities or an indicator of our place in the org chart.

☆ Microsoft Services Back Online After Morning Outages
▼ + stars: | 2023-01-25 | by ( Daniel Victor | ) www.nytimes.com time to read: +1 min

Microsoft restored access to its email and video conferencing tools on Wednesday after thousands of users were unable to connect to the services for hours. The outage, which affected Microsoft 365 products including Outlook and Microsoft Teams, began shortly after 2 a.m. Eastern time. The company said on Twitter around 5 a.m. Eastern time that it had “isolated the problem to a networking configuration issue.”At 7:45 a.m., the company said all of its services were available. The programs are crucial for many businesses, who were temporarily left without key communication services. The company did not say how many users were affected, but thousands of people reported outages, with some people grousing on social media.

Others have ground to a halt, sending companies back to technology that is less sci-fi, but can be deployed more quickly and cost-effectively. Some companies are satisfied their robots are doing the job. The perils of the outdoors are a big problem for delivery robots, in particular. Some people have also raised concerns that delivery robots could block wheelchair access on sidewalks or otherwise get in the way of humans, leading local authorities to limit or prohibit their use. Toronto, for example, last December banned delivery robots.

☆ 'House of the Dragon' season finale review: 'The Black Queen' soars into the battle to come
▼ + stars: | 2022-10-24 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

Editor’s Note: This story contains spoilers about the “House of the Dragon” season finale. CNN —The two giant fantasy series that premiered within weeks of each other shared massive scope and scale. The “Dragon” season finale that premiered October 23, subtitled “The Black Queen,” in a sense brought this first season – at times uneven, but always interesting – full circle. Although it wasn’t a direct competition between “Dragon” and “Rings,” the parallels between them and the timing of their release made comparisons virtually inevitable. But based on its opening salvo, score “House of the Dragon” as a victory for the old guard.

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