How a student took on eminent economists on debt issue – and won

From Yahoo! News: By Edward Krudy NEW YORK (Reuters) – When Thomas Herndon, a student at the University of Massachusetts Amherst’s doctoral program in economics, spotted possible errors made by two eminent Harvard economists in an influential research paper, he called his girlfriend over for a second look. As they poured over the spreadsheets Herndon had requested from Harvard’s Carmen Reinhart and Kenneth Rogoff, which formed the basis for a widely quoted 2010 study, they spotted what they believed were glaring errors….   Original post on yahoo.com    Comments on reddit.com   

How not to Excel: Austerity economics paper is coding-flawed

(Phys.org) —Required reading for those examining the cause and effect of bread lines: Two papers, one published in 2010 and the other published just this month, poking holes into the 2010 study and inciting a global wave of publicity. The 2010 paper, by Harvard economists Carmen Reinhart and Kenneth…   Original post on phys.org    Comments on reddit.com   

Fatty Acid Metabolite Shows Promise Against Cancer in Mice: Health: Headlines – Global News

A team of UC Davis scientists has found that a product resulting from a metabolized omega-3 fatty acid helps combat cancer by cutting off the supply of oxygen and nutrients that fuel tumor growth and spread of the disease.   Original post on hngn.com    Comments on reddit.com   

Hello 2013: a demographic dividend is not a one-way bet – beyondbrics

beyondbrics, from the Financial Times, brings news and comment from more than 40 emerging economies, headed by China, India, Brazil, Russia, Mexico, Indonesia and South Africa. We cover politics and economics, finance and business – everything that makes markets move.   Original post on ft.com    Comments on reddit.com   

CIBC: Canada’s job market mismatch puts economy at risk – Productive Conversations

Canada’s economic prosperity is at risk due to a labour market split that sees high-demand positions go unfilled while lower-skilled workers languish in unemployment, warn CIBC economists   Original post on financialpost.com    Comments on reddit.com   

AT&T revenue, subscriber growth miss Wall Street view

From Yahoo! News: (Reuters) – AT&T Inc posted third-quarter revenue below estimates as it added fewer customers than expected, citing a shortage of the latest Apple Inc iPhone. The company’s profit beat Wall Street expectations and it raised its target for free cash flow for the year as slower customer growth likely helped keep costs in check. The No. 2 U.S. mobile service provider said it had only 151,000 net new subscribers in the quarter, compared with the average expectation for 358,000, according to five analysts contacted by Reuters….   Original post on yahoo.com    Comments on reddit.com   

Breast Milk Promotes a Different Gut Flora Growth Than Infant Formulas

The benefits of breast milk have long been appreciated, but now scientists at Duke University Medical Center have described a unique property that makes mother’s milk better than infant formula in protecting infants from infections and illnesses.   Original post on dukehealth.org    Comments on reddit.com   

Chemotherapy can backfire and boost cancer growth: study – Yahoo! News Canada

From Yahoo! News Canada: Cancer-busting chemotherapy can cause damage to healthy cells which triggers them to secrete a protein that sustains tumour growth and resistance to further treatment, a study said Sunday.   Original post on yahoo.com    Comments on reddit.com   

Zynga hit by twin lawsuits after stock carnage – Reuters

SAN FRANCISCO (Reuters) – Zynga Inc was hit by a pair of lawsuits from shareholders accusing the FarmVille creator of failing to warn about declines in user and revenue growth before disastrous results   Original post on reuters.com    Comments on reddit.com   

Facebook’s value slides by $10 billion; outlook unclear – Reuters

(Reuters) – Investors wiped $10 billion off the value of Facebook Inc on Friday, taking the recently listed shares to a new low, after the social network offered no forecast and analysts said mobile investments   Original post on reuters.com    Comments on digg.com   

The Slow Agony of the Obama Recovery – Jim Tankersley – NationalJournal.com

Under President Obama, America is experiencing one of its weakest recoveries from recession in the modern statistical era. This is the indisputable conclusion from the last three years of job-creation and economic expansion data, reinforced by Friday’s Commerce Department estimate that gross domestic product grew by just 1.5 percent in the second quarter of this year.   Original post on al.com    Comments on digg.com