Sick of celebs — of the non Money Honey neo-P. Keaton variety — yet? Good, cause it's time for finance roundup, that thing we're doing so we don't lose all our neurons to the silicon-silicone vortex. (Get that? Please?) Basically the big news today is that the Fed Chief, who is no longer Alan Greenspan so we really don't trust him, has called a recession "unlikely" despite all the bad news for the housing market, meaning you may actually be able to afford those babydoll dresses and lumberjack flannels along with your rent this time around. But probably not. Because economic health is for rich people.
The WSJ blogs about The New Republic writing about how Freakonomics has ruined Economics. Steven Levitt's response is incredibly thorough and well put — NOT! We'd side with TNR on this one because we hated the 2.7 chapters we read of Freakonomics, but we can't really hate on economists for being "addicted to cleverness" when we're so addicted to... oh yeah, carbohydrates. [WSJ]
Macy's beats out Microsoft for the M ticker symbol on the New York Stock Exchange. This is fucking retarded, as far as we're concerned, namely because Bill Gates is practically Angelina when it comes to giving away money, and Federated Department Stores' name has only been "Macy's" for about five seconds, and well basically because Macys'. Totally. Sucks. [WSJ]
Chick-food hating Burger King does a solid for chicks, proverbial and actual, vowing to buy pork and eggs only from suppliers who vow not to keep their animals in crates and cages. [NYT]