Aeroplane Reading
Here is what I will be reading on my flight across the pond:
• More On Lowry’s 90-90 Signal (Trader’s Narrative)
• Obesity, Aging Cause Ballooning Health Care Costs (Miller McCune)
• Get Ready: Here Comes the Yuan (WSJ)
• The Fine Print of Goldman’s Subprime Bet (Deal Book)
• The ECB’s stealth bailout (Vox)
• Twelve Corporations Pay Effective Tax Rate of Negative 1.5% on $171 Billion in Profits; Reap $62.4 Billion in Tax Subsidies (Tax Justice)
• 20 Facts About U.S. Inequality that Everyone Should Know (Standford Center)
• Today’s Hawks Are Tearing the Right Apart (Atlantic)
• Dear Me: Letters by Luminaries to Their 16-Year-Old Selves (Brain Pickings)
• Power User Guide for the iPhone, Droid or Other Smart Phone … and Computer (WSJ)
That my list — what are you reading?
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June 7th, 2011 at 5:42 pm
You’re traveling? SELL!
June 7th, 2011 at 5:45 pm
Last bullet point link (WSJ re Power User Guide) is NG. Have a good trip, and thanks for a great site!
Peter
June 7th, 2011 at 6:30 pm
You are leaving the country!!!!!! Is it that bad !!!!! SELLLLLL !!!!!
June 7th, 2011 at 6:35 pm
Plus Bernanke said no double dip at marketwatch.com.
Sell!
June 7th, 2011 at 7:14 pm
Yo!~, BR, is that, really, the ‘Alpha’ and ‘Omega’ of “Here is what I will be reading on my flight across the pond” ?
?? hmm ??
June 7th, 2011 at 8:16 pm
Someone cut class the day they were teaching subtlety.
http://www.bloomberg.com/news/2011-06-07/temple-inland-option-trader-may-have-scored-267-payday-after-hostile-bid.html
June 7th, 2011 at 9:04 pm
I found the link to traders Narrative blog amusing.
He had a post entitled “Is It All Over For Gold?”… posted last year.
June 7th, 2011 at 9:08 pm
what ever you do go to Florida. and don’t walk any where there if you do
http://www.thecarconnection.com/news/1061106_kill-two-pedestrians-go-to-jail-not-in-florida
June 7th, 2011 at 10:14 pm
Are you worried yet?
http://arstechnica.com/science/news/2011/06/current-carbon-emissions-dwarf-those-of-past-climate-event.ars?comments=1#comments-bar
June 7th, 2011 at 11:11 pm
I absolutely agree with formerlawyer; we must start altering our behavior if we care about our grandchildren. Try Cradle to Cradle: Remaking the Way We Make Things by Michael Braungart. Can someone explain why there aren’t more companies making ethanol from the waste entering our landfills? Is it because of corn subsidies for farmers? BlueFire Ethanol is the only company I’m aware of trying to produce ethanol from lawn garbage.
June 8th, 2011 at 1:53 am
Florida couple “forecloses” on Bank of America:
http://www.npr.org/blogs/thetwo-way/2011/06/06/137002727/sweet-justice-a-florida-couple-forecloses-on-bank-of-america
There’s an AP story out there somewhere as well.
June 8th, 2011 at 3:11 am
[...] – Further, further reading. [...]
June 8th, 2011 at 7:38 am
Re balloning healthcare costs due to obesity, Japan weighs their senior citizens and prescribes weight loss for some as part of their national health care which results in longer lifespans at half the cost of the “superior” US system (whatever it is)
So many grossly overweight people rolling around Walmart, DisneyWorld etc. These motor chairs facilitate obesity to the point of immobility, once you stop maving you’re heading towards the big dirt nap
June 8th, 2011 at 8:35 am
@rktbrkr
But what if they double up?
At least they’re saving energy…right?
Observe:
http://www.youtube.com/watch?v=WQ4aY7ml_HI
June 8th, 2011 at 8:44 am
From 20 “Facts”
> Child Poverty:Relative Poverty Rates in Twenty-One Rich Nations at the Turn of the Century for Children
> In the United States, 21.9 percent of all children are in poverty, a poverty rate second only to that of Mexico’s (among rich nations).
Kind of meaningless to leave out the definition of “poverty.”
June 8th, 2011 at 9:44 am
If Carson Block, who founded the hedge-fund research firm, Muddy Waters, is right (listen to link below), then the Chinese economy isn’t as fraud-free as many like to think it is. The irony in this is that he is betting big time against Sino-Forest, the Chinese-based company that the billionaire hedge-funder John Paulson is heavily invested in. I’m not one to engage in schadenfreude, but I would take great pleasure in seeing the man, who was able to amass more wealth than anyone else by betting big time against the subprime market, take a nontrivial haircut for a change.
http://www.bloomberg.com/video/70530586/
Perhaps I’m wrong, but I doubt that Carson Block is doing anything illegal by shorting Sino-Forest. And as far as I can tell, there’s nothing illegal about him making claims that this Chinese-based company is engaging in a Ponzi scheme of sorts. Just think, if we had an outspoken short seller like Carson Block around to inform us that many players in the mortgage market were engaging in a Ponzi scheme, the housing bubble wouldn’t have grown to the size that it did, nor would the fallout from it been as great.
Let me close by saying that the Chinese are known for being brilliant at copycatting America. But if they are trying to copycat the great American Ponzi scheme, masterminded by the likes of Goldman Sachs, then look to see the entire global economy crash and burn in the not-so-distant future.
June 8th, 2011 at 12:24 pm
Taibbi’s response to Andrew Ross Sorkin’s Goldman defense:
http://www.rollingstone.com/politics/blogs/taibblog/andrew-ross-sorkin-gives-goldman-a-rubdown-20110607