a12345The creator of the VIX says the market is looking at volatility all wrong (from Business Insider)

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or the lack thereof - has been a hot-button topic on Wall Street of late. With the CBOE Volatility Index, or VIX, stuck near record lows for months, traders and market pundits alike have been twisting themselves into knots trying to explain why. The more pessimistic crowd says that the lack of price swings indicates that complacency has crept into the market, setting it up for a painful unwind should a shock occur. Others blame the rapid rise of passive investment, arguing that exchange-traded funds and their kin have homogenized the market to an unprecedented extent. ... [Read More]
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In light of the recent social media #MeToo campaign, which has brought to light the deplorable pervasiveness of sexual harassment and abuse, some are questioning common practices that may cross similar, inappropriate lines. It turns out, it is not appropriate for adolescent and teen youth to sit in a room with a male ecclesiastical leader with the door closed and be expected to answer questions about sexual history, inclinations or desires. Salt Lake Tribune reporter Peggy Fletcher Stack recently reported on the questionable nature of the prominent practice of the "bishop interview" within The Church of Jesus Christ... [Read More]
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NBC is currently searching for a regional manager of Dunder-Mifflin's Scranton branch for 'The Office' revival. [Read More]
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A new Amtrak 501 train derailed in Pierce County on Monday morning. [Read More]
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Officials confirmed three people were killed today after an Amtrak train with at least 78 people on board derailed onto a busy interstate near Seattle. Earlier, they reported as many as six deaths. [Read More]
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An Amtrak train making the first-ever run along a faster new route hurtled off an overpass Monday near Tacoma and spilled some of its cars onto the highway below, killing at least three people, authorities said. [Read More]
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Vice President Mike Pence is postponing his trip to Egypt and Israel until the middle of January, citing an upcoming vote in the Senate to overhaul the nation's tax system. [Read More]
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An inaugural ride on a new line meant to speed train service in Washington state turned deadly Monday after an Amtrak train carrying more than 80 people derailed outside of Tacoma — causing several train cars to tumble from a highway overpass and killing at least three people, officials said. [Read More]
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Alaska Airlines announced Monday that it will dropping its fares between Seattle and Portland for two days in response to the deadly train crash and the closure of southbound I-5. "We have dropped all fares for today and tomorrow," Alaska Airlines said in a tweet. [Read More]
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