Today’s reading list:

• Bloggers as the Conscience of Wall Street (Reformed Broker)
• Payroll Tax Cut Idea Joins Debt Talks (WSJ)
• Goldman’s Perjury Distraction (Slate)
Ben Bernanke: Deficit must be cut, but debt limit ‘the wrong tool’ (Christian Science Monitor)
• Home Prices Exploding in Silicon Valley Amid Millionaires  (Bloomberg)
• Apple’s Retail Secret: Full Service Stores (WSJ)
• Google pays 23% more than industry average, and then there’s the perks (
• The Comic Book Crash of 1993 (Weekly Standard)
John Cleese on the Origin of Creativity (Open Culture)
• Outrageous and Courageous: The Myth and Legend of Shecky Greene (WFMU)

What are you reading?

Category: Financial Press

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16 Responses to “Mid-Week Afternoon Reads”

  1. Arequipa01 says:

    I am working on a World Policy paper titled ‘The Water-Energy Nexus’.

    It is making me wonder whether the Brazilians will succeed in building hydro plants in Inambari or if thorium plants will be their future.
    Mickey Fulp on thorium:

  2. klhoughton says:

    Reform Broker’s follow-up post should be Bloggers as the Appendix of Wall Street: the useless ones who perpetuate the myth that everything is “free market.”

    Geographic Adjustments in Medicare Payments:

    In preparation for Erin Strumpf’s piece from the Journal of Health Economics about the effect (none) of Medicaid on Single Women leaving the Labor Force:

  3. beaufou says:

    Collaborative consumption – the notion that we can now share or swap anything from clothes and parking spaces to free time – is an exciting idea. But is it really the answer to rampant consumerism?

  4. Molesworth says:

    Jobs, jobs, jobs.
    Where there are jobs, there is demand.

    From the Bloomberg article:
    “People at startups have a lot of pent-up demand and tend to spend a portion of their new liquidity pretty quickly,” Siciliano said of his newfound competition for residential real estate. “They want to manifest their wealth.”

  5. Frwip says:

    From Reuters yesterday, “Cable worried about poverty, not Netflix”

    Cable companies are feeling the pinch from falling disposable income. Nothing very new here, but I really like a quote from Time Warner Cable CEO, Glenn Britt, talking about his product.

    “There clearly is a growing underclass of people who clearly can’t afford it,” he said. “It would serve us well to worry about that group.”

    Love that world, “underclass”. Coming from a CEO, it’s refreshingly candid. But don’t worry, he’s not worried about there being an underclass per se, just on how to sell stuff to them, even though they are broke.

  6. Mike in Nola says:

    I thought it was ironic that the WSJ video about Apple store service posted yesterday was preceded by an ad for Windows Azure. Now it appears that the iCloud is running on Azure and Amazon servers.
    As Thurrot points out, the infrastructure investment that would be required for Apple to run the iCloud on its own servers would be huge if it’s a hit. It’s probably the smart thing to do financially, rather than buying a zillion servers, hiring thousands more employees and paying for a huge internet pipe. But it might not wear well if it somehow gets through to the faithful that their info is actually sitting on the servers of the company they have been taught is incompetent and increasingly irrelevant, to paraphrase one prominent financial blogger.

  7. formerlawyer says:

    Only 14? The 14 Biggest Ideas of the Year.

  8. JerseyCynic says:

    5-4 in favor of Janus

    Wall St. and Corporate Execs are Above the Law When They Lie to the Investing Public

    I’m not playing this game anymore. Time to take the penalty on early withdrawal of all retirement funds and pay off the mortgage.

  9. DL says:

    Not saying we need a tax cut at this point, but if we’re going to get one, it might as well be the payroll tax that gets cut.

  10. farmera1 says:

    From the Economist we have this article about the US attempting to inflate our way out of the excessive debt (my term that means debt that can never be paid back).

  11. farmera1 says:

    Jersey, and they wonder why gold and silver are ever so popular. Gold and silver/platinum are my insurance against really dumb governmental decisions. This ranks right up there with the dumbest.

    Our transformation to a completely corrupt corporate state is nearly complete. But the bottom 98% of the people still have too much wealth. There is a lot more blood to squeeze out of the people before the conversion to crony capitalism is complete but the rules are assuredly in place. Recent Supreme Court decisions have made it so.

  12. asiankida says:

    that was a good read on comic books. really enjoyed it.

  13. JerseyCynic says:

    A rich man’s world farmera1

  14. AHodge says:

    law blog again, always good for a morning laugh..
    looks like the goldman case…. but substitute for IKB and Paulson…..
    Illinois pension fund and Magnitar, the latter a more effecient predator than paulson.