Samantha Bee explores the devastating economic effects of raising the minimum wage to the poverty level. In one corner there was Peter Schiff, in the other, Barry Ritholtz
. Sure, I know The Daily Show edits the video and shapes the story in a way they want, but wouldn't Schiff know what he was getting himself into and try not to say anything idiotic. I mean come on, he had to know what The Daily Show
was going to do...
And, really, would it kill some of these bigger companies like McDonald's to pay a higher wage and have the executives earn
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While the week isn't even over yet, we're calling this one early and giving Doug Kass the tweet, or tweets of the week, for these four tweets that pretty much sum up what's been said on the financial news shows the past week as the stock market plummets from its all time highs.
Tom Perkins, co-founder of Kleiner Perkins Caulfield & Byers, came on Bloomberg to apologize for comments he made comparing the attacks on the wealthy 1% in San Francisco to the Nazis attacking Jews during the Kristallnacht.
But Perkins only seems to dig a deeper whole for himself as he wore an incredibly expensive watch and just seem to not understand what he was saying about the "attacks" on the rich 1%. At one point he even said he was only a multimillionaire and not a billionaire, although he said he helped create plenty of billionaires - making that fact clear.
A killer whale held captive at SeaWorld had this to say about the Oscar snub and SeaWorld's stock rise today:
"Well, really, we're not surprised. But it's just really sad. It's a clusterf#ck if I can speak frankly, but we were prepared for disappointment. The Blackfish documentary about us just wasn't promoted enough to the right people. Heck, even Robert Redford was snubbed by the Oscars."
"However, this is our life, this isn't some movie. This is real. We live in these small tanks that just don't fit us and can't swim out in the open ocean like we're used to.
People deserve second chances, there's no doubt about that. And there's no doubt Henry Blodget
deserves all his recent success. But I do doubt a little bit Blodget's remarks on why he disparaged stocks in emails when he was touting them in public research reports for Merrill Lynch during the dot-com frenzy.
Blodget says it was like the sidelines of a football game, players talking smack about the other team for instance, just making jokes or comments. He says he never wrote a word in a research report that he didn't believe and only wishes he could have called the
Usually, if a study stops early that's not a good thing, but when a study is stopped early because it's doing so GOOD it's already met its targets, then that's a very GOOD thing.
And that's what happened with Intercept Pharmaceuticals
(ICPT) new drug to fight liver disease, or non-alcoholic steatohepatitis (NASH), the study met it's trial targets and the testing was stopped. What happened to Intercept Pharmaceuticals stock, it skyrocketed higher, going from around $70 a share to well over $400. At one point the stock traded to almost $500. That's almost a 600% gain in less than a
For our inaugural financial tweet of the past week, we've selected Morgan Housel's tweet about how the media really likes to make things out to be soooooo disastrous all the time.
If you're a contrarian investor looking for some stocks to buy, then the most likely candidates are gold miners, coals stocks, or the emerging markets, since they all struggled this past year. However, maybe you should take a look at a few other stocks that took their lumps this past year instead.
Take First Niagara
(FNFG) for example, which operates retail and commercial banks in the New York area. Its stock was hammered when they named a new CEO. They took the interim label off Gary M. Crosby, and named him president and CEO but Wall Street was expecting someone from
How many times is the F word said in The Wolf on Wall Street? Well, here's the video and according to Slate.com
, the F word was said a record 506 times! Take a look. NSFW of course.
There's one stock I just won't buy based on principal. Actually, you can borrow shares in this company and short it if you like, but owning shares in this company and hoping the stock goes higher, that just doesn't seem right. The stock isn't involved in the military or gun manufacturing or even tobacco, it's actually in the entertainment sector, focusing on trying to delight families and specifically, kids.
Sometimes these types of stocks, gambling or tobacco companies, are called sin or vice stocks, and actually steady when the economy is doing poorly, because people won't stop purchasing the products