Axios

Measuring the extent of global counterfeiting is one of the hardest jobs in economics.

Up until a few years ago, it had never been seriously attempted: In 2005, I wrote a 3,000-word blog post titled "All counterfeiting statistics are bullshit." Back then, it was generally accepted that counterfeiting accounted for about 6% of global trade, although no one had a clue where that number came from.

It's rare to see Wall Street fees come down — but when it comes to fund managers, that's exactly what's happening, at a quite astonishing pace.

Rolling Stone's Matt Taibbi posts an emergency chapter of "Hate Inc.: How, And Why, The Press Makes Us Hate One Another," which he calls a "serial book, delivered by email."

His provocative thesis: "WMD damaged the media’s reputation. Russiagate may have destroyed it."