More of today’s favorite reads:

• Fed Officials Divided on Further Stimulus (Bloomberg)
• They Are Day Traders. Hear them Roar. (Marketplace)
• Where Have America’s Jobs Gone? (WSJ)
• Social Networking Gone Wild: Foreclosure via Facebook (Moneyland)
• Are We About to Repeat the Mistakes of 1937? (Economix)
• Debt musings and misconceptions (Scott Grannis)
• Murdoch Goes From Darling to Pariah (Bloomberg)
• Kinect Hackers Are Changing the Future of Robotics (Wired)
• America’s new culinary renaissance (Christian Science Monitor)
• An Eye-Opening Adventure in Socialized Medicine (Neuro Tribes)

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.

16 Responses to “10 Afternoon Reads”

  1. rktbrkr says:

    Begorrah – there’s junk in the trunk!
    Moody’s downgrades Ireland credit rating to junk status.

  2. tradeking13 says:

    The Unemployed Worker’s New Friend: Outsourcers [WSJ]

  3. Greg0658 says:

    Afgan Pres Karzai’s half-brother shot dead by bodyguard .. here’s a link .. pick your feed ..
    http://www.npr.org/2011/07/12/137797071/death-of-karzais-brother-creates-afghan-power-gap

  4. streeteye says:

    Trading video is a textbook case of optimism effect / overconfidence bias. Never ceases to amaze me how many people think the market owes them an outsize return in exchange for big risk. I guess that’s what built all those big Vegas hotels.

    An alternate view – http://www.condoroptions.com/index.php/more-to-life/on-eating-what-we-kill/

    A game – help Timmy Geithner decide which bills to pay in August -
    http://about.bgov.com/2011/07/12/august-invoices-show-u-s-treasury%E2%80%99s-limited-choices/

  5. JimRino says:

    When is Toll Bros. going to build ZERO ENERGY HOMES !!!
    Have they not seen fuel prices, heard of peak oil, climate change, electric price deregulation and T. Boone Pickens pushing natural gas trucking fleet, all of which will raise energy prices.

    Why should Americans buy homes with a 100 YEAR Energy Bill!

  6. mathman says:

    This caught my eye, you might enjoy it:

    http://www.businessinsider.com/behind-the-dismal-employment-numbers-rogue-wave-coming-2011-7

    While we’re enjoying a relatively “beautiful” spring and summer, many of the southern states are (and have been since March) in real trouble:

    http://www.businessinsider.com/the-great-drought-of-2011-14-states-suffering-us-south-2011-7

  7. Petey Wheatstraw says:

    Greece as a dress rehearsal for the US:

    http://www.theprogressivemind.info/

    Note that public assets are being sold to bankers (debt holders), turning debt held into real assets, in the world’s biggest foreclosure/liquidation sale. I don’t hate to say that I told y’all so. Strong dollars (fiat dollars, at that), are coming home (or out of sequestration), to buy our country out from under us.

    We will rue the day we allowed criminality without consequence.

    I’ll hedge by saying I could be wrong (but the writing is on the wall, and it ain’t gibberish).

  8. EdDunkle says:

    I never tire of these socialized medicine horror stories. It’s so much better here in the U.S. where large corporations make money by denying care to patients.

  9. EdDunkle,

    note..

    “The beginning of wisdom is to call things by the right names.” Chinese Proverb

    + see some of.. http://www.whale.to/a/allopathy_h.html
    http://www.thefreedictionary.com/allopathy
    ~~~

    Holder Lied: DOJ News Release Shows Obama Admin Approved ATF Mexico Weapons Smuggling

    Tim King Salem-News.com

    Eric Holder gave false info. to a Congressional Committee last May about ATF operations tied to the deaths of two U.S. Agents; we have the proof.

    (SALEM, Ore.) – New information indicates that U.S. Attorney General Eric Holder’s actions are squarely behind the ATF (Bureau of Alcohol, Tobacco and Firearms) operation known as “Fast and Furious”, which orchestrated the delivery of almost 2,000 weapons to Mexican drug cartels[1].

    Holder openly proclaimed his connection to the operation in April 2009 during a publicized speech in Mexico, then told a Congressional Committee in May 2011, “I probably heard of Fast and Furious the first time in the last few weeks.”[2]
    http://www.salem-news.com/articles/july092011/holder-atf-death-tk.php

    (h/t http://dailybail.com/home/lawsuit-claims-banks-manipulated-libor-leading-to-billions-f.html )

  10. M says:

    Where does that “ideal” 85-15 Cuts:Revenue split come from? Fitting the data to the theory it seems… Again…
    http://www.economist.com/blogs/freeexchange/2011/07/america%E2%80%99s-debt-ceiling?fsrc=scn/tw/te/bl/findingtherepublicanssgoldenratio

    ~~~

    BR: Great, Kevin “Dow 36,000″ Hassett is right in the middle of that

  11. JimRino says:

    Well, we didn’t raise a War Tax, so now they’ve got to cut Social Security, Medicare and Education.
    Because, being number one in a Nice Country is so FDR.

  12. VennData says:

    This Scott Grannis is a piece of work,

    “…Many unproductive retirees may need to go back to work…”

    Oh, but that’s not all! Guess who commented “Excellent, Scott. I agree 100% in your analysis”

    Brian Wesbury, he of the “Bush Miracle”

    I can’t wait to see those snow bird Tea Partiers back to work under the Palin/Bachmann Administration.

  13. VennData says:

    McConnell Proposal Gives Obama Power to Increase Debt Limit

    “…The Senate Republican leader, Mitch McConnell of Kentucky, said Tuesday that a bipartisan budget deal with President Obama was probably out of reach, and he proposed a plan under which the president could increase the federal debt limit without Congressional approval for offsetting spending cuts…”

    http://thecaucus.blogs.nytimes.com/2011/07/12/mcconnell-proposal-gives-obama-power-to-increase-debt-limit/?partner=rss&emc=rss

    ANTYHING, to avoid slightly higher tax rates on the rich. McConnell would approve Rachel Maddow as head of the Joint Chiefs rather that raise taxes on the uber wealthy. McConnell would approve manditory gay studies in the classroom, abortion on demand, a “Turn in your guns Now” program rather than raise taxes on the uber wealthy.

    Independent voter, you watching this?

  14. Mike in Nola says:

    Entertaining watching the hearings over on the BBC today where the cops who bungled the hacking investigation are being raked over the coals. This one is of the guy who was directly in charge, called it off prematurely and then interviewed with various newspapers, including Murdoch’s, for a job as a columnist. I thought the MP’s rather colorful language was pretty good.

    http://www.youtube.com/watch?v=BOKe7RJRlYI

    BTW, the chairman of the committee is MP Paz. Came to Britain from Yemen as a child. Wouldn’t know it only hearing him talk. Here he’d be considered suspect.

    I hoe there is more tomorrow. I recollect that they knocked off early afternoon our time.

  15. mathman says:

    Like the Gulf oil “spill”, nobody wants to look back at what actually happened on 9-11, especially “our” government:

    http://www.washingtonsblog.com/2011/07/co-chair-of-911-inquiry-american.html

  16. oldcanuck says:

    Just finished reading Vol.1 of JOHN MAYNARD KEYNES, HOPES BETRAYED 1883-1920, by Robert Skidelsky. It is difficult to imagine how tough economics (and everything else) was during WW1. Great portrayal of Keynes trying to be a moderator between Wilson, George and Clemenceau, on the issue of war reparations. Need someone like him wrt debt ceiling…but might not help…who listens.