For cannabis financiers, the industry's growth potential outshines the political risk.
Researcher Richard Heede says the people to blame for our planet's environmental demise "could all fit on a Greyhound bus or two"; Jeremy Scahill proves time and time again he is not the White House's favorite journalist; meanwhile, exposure to the arts does have a positive effect on intelligence after all. These discoveries and more after the jump.
The Federal Reserve will continue to buy bonds at a rate of $85 billion a month, but Chairman Ben Bernanke said better economic indicators mean the central bank could end its quantitative easing policy in 2014.
Traditionally, the holiday season brings good tidings for the stock market, too. There's even something called "the Santa rally," we learned from this Wall Street Journal article. Neat! But this year, with trouble on the European front and the ongoing recession (yes, that reads "recession") at home, there may be less to look forward to, or so market forecasters fear.
On Thursday, 23 people were reported killed and at least 82 wounded in a series of three bombs that detonated in a crowded market in south Baghdad, according to the BBC.
At long last, a little good news from the real estate market: The National Association of Realtors reported a 10 percent rise in existing home sales in September, but buyers are still skittish about foreclosures and the country's job problems figure into the long-term prognosis as well.
This year's Nobel Prize in economics goes to a triumvirate of researchers -- MIT's Peter Diamond, Northwestern University's Dale Mortensen and Christopher Pissarides of the London School of Economics -- whose work focuses on a subject that's all too apropos these days: unemployment.
Remember that crazy time back in May when the Dow Jones unexpectedly dropped by almost 1,000 points in only half an hour? Well, the SEC has finally worked in some protection against such sudden plunges by expanding the number of stocks subject to its current “circuit-breaker rule.”
Apple fan-boys and -girls, rejoice. The iCorporation is now worth more than the dreaded Microsoft. But don't get too excited: Bill Gates' gang has a few ideas to get back in the game, and some bloggers claim that Google, whose Android is outselling the iPhone, "has leapfrogged" Apple in terms of innovation. (continued)