You can watch this unfold in real time as I edit it Done!:

• Lonely CEOs flee hostile world for self-help group (FT.com)

• The 10 Most Profitable Companies Over 2011 (The Atlantic)

• Eat-What-You-Kill Brokers Starved as Banks Gorge on Bailout Cash (Bloomberg)

• Robert Shiller on Human Traits Essential to Capitalism (The Browser)

• Commodities Prices Are Hitting Your Wallet (WSJ)

• The market won’t fix states’ woes (Boston Globe)

• The West Wing, Season II  (New York)

• John Gapper: The forger’s story (FT.com)

• Weedmart: Marijuana Superstores. IPOs. Reality TV.  (Mother Jones)

• Ricky Gervais interviewed on Piers Morgan Tonight is brilliant (Video)

What are you reading?

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

13 Responses to “Monday Long Reads”

  1. formerlawyer says:

    An interesting analysis of the constitutionality of the health care mandate:

    http://blogs.forbes.com/rickungar/2011/01/17/congress-passes-socialized-medicine-and-mandates-health-insurance-in-1798/

    The comments suggest that the constitutionality of a single payer system may be even better:

    http://voices.washingtonpost.com/plum-line/2011/01/founding_fathers_favored_gover.html

    This of course goes back to the current Scotus infatuation with “originalism”.

    http://www.newyorker.com/arts/critics/atlarge/2011/01/17/110117crat_atlarge_lepore?currentPage=all

    (re-cite of the New Yorker Article)

  2. rip says:

    I am reading lots of articles about how shortages are driving commodities prices up. One of those popular topics for all the talking heads. And pundits.

    But they have no real proof. And don’t want any. As in $14o dollar oil. How firm was that shortage? And how long did the price hold up.

    Let the billionaire speculators have their day at the trough as they have been doing at the CFTC for decades. Anybody ever wonder about the price of cheese? And how one person controls it?

    I suppose in earlier times it was called a King’s Ransom. And even though rumor has it we are more civilized, not sure we aren’t regressing.

  3. WILMINGTON, Delaware (Reuters) – A U.S. bankruptcy judge temporarily blocked bankrupt subprime lender Mortgage Lenders Network USA from destroying 18,000 boxes of original loan files after federal prosecutors said documents in them may be needed as evidence in more than 50 criminal investigations.

    In a hearing Monday before U.S. Bankruptcy Judge Peter J. Walsh, a representative from the Delaware U.S. Attorneys’ Office said she did not know details of any of the investigations.

    But she said prosecutors and FBI offices around the country had requested time to access to the boxes and assess whether the contents contain needed evidence before the judge permits any destruction.

    [ For complete coverage of politics and policy, go to Yahoo! Politics ]

    Walsh granted a 30-day delay, and said he would hold another hearing on Mortgage Lenders’ request.

    A series of recent court rulings have increased the importance of original loan documents, holding that they are essential for investors to prove ownership of mortgages and to have the right to foreclose.

    Connecticut-based Mortgage Lenders Network closed down and filed for bankruptcy protection in February 2007, and now is being liquidated.

    Dozens of subprime lenders went out of business in 2007 with the collapse of the housing market. There is increasing tension as trustees for several of these defunct lenders seek to destroy documents to save storage costs…”
    http://news.yahoo.com/s/nm/20110124/pl_nm/us_usa_foreclosures_documents
    ~~~
    Posted by Kristen Mack, David Heinzmann and Hal Dardick; last updated at 3:51 p.m. with Carol Moseley Braun quote

    Rahm Emanuel should not appear on the Feb. 22 mayoral ballot, according to a ruling issued by a state appellate court today.

    At a news conference, Emanuel said he would appeal the decision to the Illinois Supreme Court and ask the state’s highest court for an injunction so that his name will appear on the mayoral ballot.

    “I have no doubt at the end we’ll prevail in this effort,” Emanuel said. “We’ll now go to the next level to get clarity.”

    “I still own a home here, (I) look forward to moving into it one day, vote from here, pay property taxes here. I do believe the people of the city of Chicago deserve a right to make a decision about who they want to be their next mayor,” Emanuel said.

    In a 2-1 ruling, the appellate panel said Emanuel does not meet the residency requirement of having lived in Chicago for a year prior to the election. The judges reversed a decision by the Chicago Board of Election Commissioners, which had unanimously agreed that Emanuel was eligible to run for mayor…”
    http://newsblogs.chicagotribune.com/clout_st/2011/01/appellate-court-says-emanuel-should-be-removed-from-ballot.html
    ~~~
    http://www.msnbc.msn.com/id/41197483/ns/local_news-tampa_fl/
    ~~~
    http://www.dailymail.co.uk/news/article-388051/Scientists-fear-MMR-link-autism.html

  4. formerlawyer says:

    Sorry, another article on health care reform as to how it “might” be declare unconstitutional and the potential consequences:

    http://www.tnr.com/article/politics/81708/repeal-health-care-reform-repercussions?page=0,0

  5. The population timebomb is a myth

    The doom-sayers are becoming more fashionable just as experts are coming to the view it has all been one giant false alarm.

    http://www.independent.co.uk/opinion/commentators/dominic-lawson/dominic-lawson-the-population-timebomb-is-a-myth-2186968.html

    This is a good youtube on the current state of the gold market and why gold bull are bullish. It is quick and easy to understand for the most economically illiterate person out there

    GoldNomics – Cash or Gold Bullion?

    http://www.youtube.com/watch?v=-HaqwFJj4ZY

    Monty Python- The Annoying Peasant

    Not sure if this is the past or the future

    http://www.youtube.com/watch?v=rAaWvVFERVA

  6. willid3 says:

    the end of the demand economy. i guess some don’t understand demand is capitalism
    http://krugman.blogs.nytimes.com/2011/01/24/the-war-on-demand/

  7. Fred C Dobbs says:

    I read the Schiller interview, as you suggest. He says most people don’t save enough for their retirement. How can anyone save enough for retirement if one’s country destroys the purchasing power of the currency one saves for retirement in. Pick any starting point, and show me how one could possibly save enough to retire on. If I started work in the early ’60s, and I made a very good wage, say $10,000, and I saved 10% or $1,000 per year, and I continued to enjoy wage increases and saved 10% per year from the increased wages, how could I possibly saved enough to retire on? Hasn’t inflation increased faster and higher than my return on my savings over the past 50 years?

  8. willid3 says:

    it used to be inflation and wages went up. but in last decade or so wages stopped going up, but prices didn’t. you would think at some point that would fail to work, up till a few years ago, people made it up with debt. but thats gone now. so that will cause a huge problem for business and wall street as they need growth

  9. Mike in Nola says:

    Here’s a pretty subversive video linked to by Chinageeks Blog. Pretty brutal with hard-to-miss references.
    http://feedproxy.google.com/~r/Chinageeks/~3/S0JIViaKofM/

    The original link is blocked. Just go straight to Youtube. I bet the Chinese gov’t is howling at Google:
    http://www.youtube.com/watch?v=rnw5BvxSDmM&feature=youtu.be

    formerlawyer: We already have one single payer system that’s been running since the 60′s. We should just add to that and eliminate the middlemen who skim somewhere between 15-25% off the top off all healthcare dollars. But then they wouldn’t have money for political contributions.

    Fred C Dobbs: It’s not really inflation that’s the problem, it’s just that most people don’t make enough to accumulate a large retirement if they have the normal family demands most American’s have. Unless they have a Mexican gold mine :)
    The other part of this argument that gripes me is the push for 401k’s in place of defined benefit packages. Yes, the defined benefit packages are often too costly. But creating the fiction that employees can accumulate anything approaching such a package using a 401k is unconscionable. Real returns after all those 12b1 fees and the periodic market crashes are pitiful.

  10. [...] – Further, further reading. [...]

  11. rktbrkr says:

    I spy
    Over half of Apple apps can be used to spy on users without informing them or obtaining their permission, but if you wanted to spy on someone why would you want to inform them?

    http://www.technologyreview.com/computing/27128/?nlid=4040&a=f

  12. rktbrkr says:

    I spy
    The artichis le states that in conjunction with facebook it can be used to create an entire personal profile, sweet!

    Remember when people would get upset when merchants would ask personal info at the cash register, this is 100X more invasive and don’t secretively