Do 1.3 Million People Really Make Their Living Off Ebay?

Daniel Gross thinks the business class is too ideologically deluded to know its own political interests. ... more

This doomsday economic scenario , released by the Center for Automotive Research, says that up to 3 million jobs nationwide could be lost if the Big Three stop all production next year. That might not be in the offing. But the impact on Michigan’s cities, towns, state government, housing values, and public institutions (including resources that the state has built that are national resources, such as its public university system) would suffer grievous harm. Daniel Gross be... more

Host Updates: National Lawyers Guild Calls For Immediate Release of Palestinian Fishermen Prosecutor Indicts Foes, and Cheney and Gonzales Watch: Michael Ratner - Should High Gov’t Officials Be Investigated and Prosecuted? - Quicktime Related New: Five Guantanamo Prisoners Ordered Released Obama’s AG Advocates Mandatory Minimum For Pot Inauguration Crowd Soars To 5 Million Obama To Appoint Monsanto GMO Chief To Head USDA Center For ... more

I don’t think I’ve done this yet, but here’s how the Buy List has performed since I started it in 2006. I had a small Buy List in 2005, but I didn’t formalize the system until the beginning of the 2006. The red line is the Buy List and the black line is the S&P 500. The graph is done as if it was a portfolio starting with $1 million on December 31, 2005 (dividends aren’t included). All told, we’re trailing the S&P 500, 11.70% to 9.27%. The ... more

Shares of Pfizer ( PFE ) closed today at their lowest level since September 1997. The dividends would have given you about a 26% return. For years this was a stock that could do no wrong. ... more

Check out how the American Economic Association structures its investment portfolio . They’re doing pretty well. (Via: Mankiw .) ... more