10 Friday Reads
Here are some reads to end your week:
• Tired of Ups and Downs, Investors Say, ‘Let Me Out!’ (WSJ)
• What Is Obama’s Actual Record on Creating Jobs? (Hint: Not very good) (Pro Publica)
• BOE Loses Faith in Europe, Announces Stimulus (Bloomberg)
• Cheat Sheet: Details of the Long-Awaited Volcker Rule (American Banker) see also The Multibillion-Dollar Leak (WSJ)
• With Time Running Short, Jobs Managed His Farewells (NYT) see also Book Business Sees a Bonanza in a Forthcoming Biography (NYT)
• How well do AM Futures correspond with closing prices? (Managed Futures)
• Ghosts Could Be Lurking in Banking Machines (WSJ)
• 7 Top Republicans Who Taxed the Super Rich (The Fiscal Times)
• Is JP Morgan Getting a Good Return on $4.6 Million “Gift” to NYC Police? (Like Special Protection from Occupy WallStreet?) (Naked Capitalism) see also The Case for Using Predator Drone Strikes Against Wall Street Executives (Rude Pundit)
• WTF?! Oral Sex May Cause More Throat Cancer Than Smoking in Men, Researchers Say (Bloomberg)
What are you reading?
>
via the New Yorker
Tweet
Facebook
Reddit
Digg this!
October 7th, 2011 at 10:25 am
“• WTF?! Oral Sex May Cause More Throat Cancer Than Smoking in Men, Researchers Say (Bloomberg)
“…
what is the correlation with sexual orientation of the men studied ??
anyone ??
~~~
BR: Its HPV — cervical — hetero- not homo- sexual
October 7th, 2011 at 10:47 am
Floyd Norris on what Greece departing the Euro would look like – http://www.nytimes.com/2011/10/07/business/global/how-greece-could-escape-the-euro.html?_r=1
China hard landing ?
http://www.macrobusiness.com.au/2011/10/merrill-lynch-china-bust-upon-us/
RMB not acting great, bank deposits fleeing, maybe to black market, but also maybe abroad, if the choice is negative real interest rate in a state-owned bank, or taking big credit risk and legal risk in the black market
http://blogs.ft.com/beyond-brics/2011/10/07/guest-post-chinas-disappearing-bank-deposits/
http://articles.businessinsider.com/2011-10-05/markets/30245518_1_underground-banking-loans-societe-generale
October 7th, 2011 at 10:53 am
The sheeple, we is pissed.
Krugman, of course. Confronting the Malefactors -
http://www.nytimes.com/2011/10/07/opinion/krugman-confronting-the-malefactors.html
Occupy Wall Street: List and map of over 200 U.S. solidarity events and Facebook pages
http://www.dailykos.com/story/2011/10/04/1022722/-Occupy-Wall-Street:-List-and-map-of-over-200-US-solidarity-events-and-Facebook%20pages
Yesterday in Portland, Oregon
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-snc7/309486_285974984765518_123144837715201_1036439_69570863_n.jpg
October 7th, 2011 at 11:21 am
http://baselinescenario.com/2011/10/06/the-4-trillion-euro-fantasy/#more-9366
simon johnson
also Great quote from Michael Lewis
It’s unsustainable behavior, parasites everywhere killing their hosts.
The complete quote
Q You say that when confronted with a dark room filled with money, Americans grabbed as much as we could?
Lewis: The common theme between public employee unions, say, and Wall Street bankers is an excessive focus on the short term and a weird blindness about the long term.
It’s unsustainable behavior, parasites everywhere killing their hosts.
October 7th, 2011 at 11:29 am
”WTF?! Oral Sex May Cause More Throat Cancer Than Smoking in Men, Researchers Say”
Same reaction here.
Who knew that a little harmless muff-munching with the missus would toast your throat?
From now on, I’ll be careful to spit not swallow!
October 7th, 2011 at 11:39 am
AKA IBGYBG baby
three trillion and counting of lessons not learned
October 7th, 2011 at 11:46 am
Gentlemen, time to stock up on dental dams! Too funny.
October 7th, 2011 at 11:59 am
What do you know – the Fed thinks that reform is going swimmingly:
“Reinforced by the supervisory activities undertaken through the horizontal review, the large banking organizations in the review have made significant progress toward enhancing their incentive compensation arrangements in ways that provide appropriately balanced incentives to take risks (as outlined in the interagency guidance) and promote safety and soundness. As described in this report, however, most firms still have significant work to do to achieve full conformance with the interagency guidance.”
http://www.federalreserve.gov/publications/other-reports/files/incentive-compensation-practices-report-201110.pdf
October 7th, 2011 at 12:14 pm
Sorry, just one more: shot of CNN’s bankster cheerleader Erin Burnett from Wednesday. “WE SHOULD ROOT FOR THE BANKS” –
http://tinyurl.com/3hvv57p
Right before that, the chyron read, “BANKS ARE GOOD FOR AMERICA.”
October 7th, 2011 at 12:14 pm
God blress the Rude Pundit…they alone seem to have figured out the obvious solution.
October 7th, 2011 at 1:10 pm
@carleric,
It all depends on who controls the button doesn’t it? :)
How long before the naked occupy wall streeters start? (or have they already?) It seems there is never a protest these days of this sort before these folks want to start taking off their clothes……in protest, of course. Yes, that’s the reason…..really!
October 7th, 2011 at 1:32 pm
with • WTF?! Oral Sex May Cause More Throat Cancer Than Smoking in Men, Researchers Say (Bloomberg)
most likely, part of an ad-Campaign for..
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Gardasil+for+Men
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Medical+Journals%2C+Writers+Paid+
but, you know, it’s a ‘good thing’ the FDA (and the SEC) is ‘protecting’ us..just like “Bag” Holder prosecutes ‘the bad guys’..
~~
http://market-ticker.org/akcs-www?post=195600
“…In a King World News exclusive interview, the man who brought down Bernie Madoff’s $65 billion Ponzi scheme informed KWN, “Bank of New York is going to go down, Eric. Between Bank of New York Mellon and State Street, these two institutions have stolen between $6 to $10 billion from tens of millions of Americans retirement savings accounts. It’s been a hell of a crime spree for the bank, but now they are being brought to justice.”
What’s being talked about here are doing things like giving you the lowest price of the day when you sell, and the highest when you buy. Of course the bank actually transacts at the time you order, and pockets the difference.
If this is true, one has to wonder: How is that legal?
Unless disclosed and agreed to, it probably isn’t.
If Markopolis is correct this is just another scam by which you were robbed – again – by the banksters…”
~~~
http://market-ticker.org/akcs-www?post=195387
“So When Is Eric Holder Indicted?
Yet more perjury….
WASHINGTON – New documents obtained by CBS News show Attorney General Eric Holder was sent briefings on the controversial Fast and Furious operation as far back as July 2010. That directly contradicts his statement to Congress.
On May 3, 2011, Holder told a Judiciary Committee hearing, “I’m not sure of the exact date, but I probably heard about Fast and Furious for the first time over the last few weeks.”…”
~~~
October 7th, 2011 at 1:43 pm
LOL “Its HPV” :-) .. now whos gonna do the multiple sex partners confuses DNA at conception study?
MEH we gotta feed the hightech guns to all sides or we’ll be outta biz soon .. supermarket to the world
October 7th, 2011 at 2:16 pm
Why geezers give the best investment advice — You’re not just getting older, you really are getting better.
So claims the “Age of Reason” study. (Catchy title)
http://www.marketwatch.com/story/why-geezers-give-the-best-investment-advice-2011-10-05
Democrats vs. Republicans: Stars they Won’t Pay to See; Movies They Hate and Love (Poll)
http://www.hollywoodreporter.com/news/politics-box-office-democrats-republicans-244741
October 7th, 2011 at 2:29 pm
common man:
it may have already started:
http://dyn.politico.com/printstory.cfm?uuid=7EE07576-403C-40D0-BA76-2A619FE02B55
death threats rec’d by NY legislature against corporations, utilizing language congruent with the ‘occupy’ movement.
the rude pundit piece is funny, but so is shooting off bottle rockets, until someone gets hurt. i thought we were supposed to elevate the level of political discourse after the gabbie giffords tragedy. i guess it depends on the target.
October 7th, 2011 at 3:53 pm
I am not sure if this has been posted before but the head of JP Morgan Chas, Jamie Dimon launched a tirade at Bank of Canada Governmor Mark Carney claiming the Basel conference reserve requirements (which do not come into effect until as I recall 2018) were “un-american”. The irony of this is inescapable. Mark Carney is a former executive at Goldman Sachs and gave up a huge salary/bonus to work for government and is often touted as the next head of the IMF. Some 48 hours later Mr. Carney lambasted Mr. Dimon at an international conference. The hubris of Mr. Dimon is unfathomable given his role in the last financial crash.
http://business.financialpost.com/2011/09/26/jpmorgan-chief-lashes-out-at-mark-carney-over-bank-reform-ft/
October 7th, 2011 at 6:34 pm
What Is Obama’s Actual Record on Creating Jobs? (Hint: Not very good)
The editorial comment is off base, Barry. The article states that Obama created millions of jobs, but that conservative economists discount that. Well, naturally conservative economists are going to try to downplay the real data. The overwhelming tide of economists say that Obama has a middling record on creating jobs–not enough, but certainly better than “not very good.”
October 7th, 2011 at 7:48 pm
jack:
When you have a nation with very high unemployment (so people have lots of time and nothing to do) and especially of young men, many freshly out of college with no job prospects (& those few that get a job it’s low wages for a long time) combined with easy to obtain firearms of every kind and frustration bordering on “caged animal” level, the conditions are ripe for someone (perhaps many) to take it out on the most obvious targets in this financial mess. It’s just a matter of time. Also – the fact that Obama completely betrayed those who voted for him by going Republican and that the government no longer represents the masses, the “raise the level of discourse” avenue has been closed until further notice.
i hope this movement garners millions of participants and closes schools, disrupts business, closes the TBTF banks, causes corporations and Wall Street to think about what they’ve done, and makes the government take action to reverse the way things are (corporate personhood is just the start, enforcing financial regulations, perp walks for the Mozillos et.al., you get the picture – how about a little justice here). It’s probably too late though. Like with climate change, you can’t wait until the last minute to do something about the gross discrepancies and gaming of the system (in other words i think the big crash will happen sooner rather than much further down the road) and not expect rampant damage and destruction.
just my 2 cents
October 8th, 2011 at 2:34 pm
“Republican Ronald Reagan supported taxing capital gains as ordinary income.”
Cheers to Saint Ronnie! Honestly, these gifts to the wealthy: low capital gains tax rates, low dividend tax rates, should be made progressive, just like income tax rates.
(note to self: only make comments after drinking first cup of morning coffee.)
October 8th, 2011 at 5:16 pm
“What Is Obama’s Actual Record on Creating Jobs? (Hint: Not very good)”
That’s both subjective (as franklin noted), as well as relative.
If I remember correctly, there were more jobs created in (or thru?) 2010, than were created during all 8 years of the previous administration.
October 8th, 2011 at 5:21 pm
EdDunkle,
“Honestly, these gifts to the wealthy: low capital gains tax rates, low dividend tax rates, should be made progressive, just like income tax rates.”
Don’t utter that in public, you might get pepper-sprayed.