Thursday AM Reads
The latest adds to my Instapaper this morning:
• Layoffs Deepen Gloom (WSJ) see also Chokehold on wages (Washington Post)
• WTF? Banks Pay Back TARP Funds by. . . .Borrowing from Treasury (Yahoo Finance)
• Worst. Congress. Ever. (Foreign Policy) see also Does ‘Gang of Six’ Raise or Cut Taxes? (WSJ)
• China’s fake Apple stores (Bird Abroad)
• Friedman: Can Greeks Become Germans? (NYT) see also USA, Euro: Crunch time (BBC News)
• Current account dilemma (China Financial Markets)
• Banks continue robo-signing (Fidelity) see also Wells Fargo’s big mortgage ripoff (CNNMoney)
• 5 Reasons Borders Went Out of Business (and What Will Take Its Place) (Moneyland)
• Sizzle Factor for a Restless Climate (NYT)
• Utterly Hilarious: Damn You, Auto Correct! (DYAC)
What are you reading?
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July 21st, 2011 at 7:49 am
Nader’s solution to the debt crisis (so of course it’ll never happen):
http://www.democracynow.org/2011/7/19/ralph_naders_solution_to_debt_crisis
other ideas:
http://thinkprogress.org/romm/2011/07/20/274529/poll-59-of-americans-support-repealing-fossil-energy-subsidies-to-reduce-deficit/
July 21st, 2011 at 7:53 am
BR offered:
Utterly Hilarious: Damn You, Auto Correct! (DYAC)
reply:
———–
Wait until you get a little older and the sharp edge leaves your hearing. What you think you heard is as entertaining as the posts in the article. Sometimes more.
July 21st, 2011 at 8:16 am
Unreal-looking picture of the Shuttle landing:
http://blog.chron.com/finalmission/files/2011/07/20110721_STS_135_Landing_SNP_05.jpg
July 21st, 2011 at 8:24 am
I am totally mystified as to why the WSJ article “Layoffs Deepen Gloom” should come as any surprise to anyone. Anybody who has spent one picosecond inside a large corporation knows how the planning cycle goes for those enterprises and what the typical executive response will be to unfolding events during the course of the year. Everybody’s buoyant at the start of the year, especially if the forecasts are good after coming off an up year. However, should Q1 and Q2 start to come in a little shaky, the contingency plans come out, in order to make the numbers. Weak Q3 numbers really rattle the C-level cages, because that starts to imply bonuses might be a little light this year. If the Q4 forecasts start coming much weaker than forecast just a mere six months earlier, the executive survival plans start being implemented. That means layoffs for everyone else. Well, that’s the year we’ve seen so far and the empty suits are following the script to the letter. This story has been told so often it’s dog-eared.
July 21st, 2011 at 9:10 am
DYAC – those are hilarious! I could never understand the strange expressions I occasionally saw here and elsewhere – unti I got an iPad!
July 21st, 2011 at 9:51 am
Thank you for the autocorrect link. I laughed so hard I started crying.
July 21st, 2011 at 10:21 am
ss for beginners
http://baselinescenario.com/2011/07/20/social-security-for-beginners/
http://www.theatlantic.com/business/archive/2011/07/what-do-you-mean-government-is-too-big/242093/
July 21st, 2011 at 11:34 am
You may have posted this. It is hard keeping up to instapaper death march Ritholtz these days
Never thought I’d see this day:
Role reversal: Latin America taunts US on debt woes
http://www.reuters.com/article/2011/07/20/latinamerica-usa-idUSN1E76J09H20110720
July 21st, 2011 at 1:00 pm
DYAC is indeed hilarious! I needed the laughs this morning so thank you Barry.
The site has plenty of tabs/links to other equally funny stuff.
Ah, laughter . . . . . .
July 21st, 2011 at 1:41 pm
Taibbi asking where the rage is regarding potential corporate tax holiday
http://www.rollingstone.com/politics/blogs/taibblog/holiday-in-scambodia-20110720
July 21st, 2011 at 2:11 pm
Wall Street’s Euthanasia of Industry: http://michael-hudson.com/2011/07/the-euthanasia-of-industry/
July 21st, 2011 at 3:48 pm
Wow – great bunch of links people!
i’ll sprinkle a little “business as usual”:
Koch and Exxon Pay to Write State Legislation Repealing Climate Change Laws
http://thinkprogress.org/romm/2011/07/21/275206/koch-exxon-state-legislation-climate-change-laws/
But i found this surprising tidbit too:
Mayor Bloomberg Gives $50 Million to Sierra Club Anti-Coal Campaign Because Coal Plants Kill People and Harm Our Kids
http://thinkprogress.org/romm/2011/07/21/275378/mayor-bloomberg-sierra-coal-plants-kill-people-and-harm-our-kids/
i wonder if the co-founder of Greenpeace, Patrick Moore, ever changed his mind regarding nuclear energy in light of Fukushima?
(This is from 2008 i think): http://blog.chron.com/sciguy/2006/04/greenpeace-founder-i-was-wrong-about-nuclear-power/
July 21st, 2011 at 4:44 pm
DYAC. Thx for the link. Side splitting.