10 Monday PM Reads
By Barry Ritholtz - November 21st, 2011, 4:30PM
Here’s my afternoon train reading:
• Michele Bachmann says Bush, GOP embraced ‘bailout socialism’ (LA Times)
• Can China Defeat America? (NYT)
• Foreign Banks Double Deposits at Fed (Bloomberg)
• Repeating history (NY Post)
• U.S. Billionaires Avoid Reporting Cash to IRS (Bloomberg)
• Krugman: Dangerous Romanticism of Dubious Economic analysis (NYT)
• An Edge in Science Among the Foreign-Born (Economix)
• Volcker & Ravitch, Senior Advisers: Two Old Friends Talk Fishing and Finance (WSJ)
• The most important living psychologist? (The Psychologist) see also Report: 1 in 5 of US adults on behavioral meds (Yahoo)
• How I ended up leaving Poynter (Jim Romenesko)
What are you reading?
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November 21st, 2011 at 5:13 pm
Bill Gates testifies in Utah for WordPerfect maker’s $1B antitrust lawsuit against Microsoft
http://www.washingtonpost.com/business/bill-gates-to-testify-in-1b-antitrust-lawsuit-against-microsoft-in-utah/2011/11/21/gIQA3Gn6gN_story.html?wpisrc=nl_tech
http://www.foxnews.com/scitech/2011/11/21/bill-gates-to-testify-in-1b-lawsuit-against-microsoft/
No WStJ reportage , though Rupert’s Fox news thought it newsworthy enough.
Anyway Google the headline and read the version that you’re most comfortable with.
As an *Independent* I wish to read both sides of a debate and , with cross-checking and weighing arguments,
make up my *own* mind what happened. That’s about as good a beginning to a working definition of an Independent thinker as any and that’s why CSpan reportage was always the source of choice on issues since I began watching in 1991.
November 21st, 2011 at 5:22 pm
Here’s a prime idea. I keep hoping Obama will see the light and give up on a 2nd term. He would really make a much better lobbyist that a president.
———
Pollsters call on Obama to step aside, make way for Clinton
By Kim Geiger Washington Bureau
November 21, 2011, 11:56 a.m.
Reviving an idea they floated last year with an op-ed urging President Obama not to seek a second term, pollsters Patrick H. Caddell and Douglas E. Schoen are out Monday with a new op-ed drafting Secretary of State Hillary Clinton to be the Democrats’ 2012 nominee.
…….
http://www.latimes.com/news/politics/la-pn-pollsters-clinton-20111121,0,6798616.story
November 21st, 2011 at 5:31 pm
@jojo:
Europe and Wall Street are trying hard to make your idea a reality.
If the financial markets follow a trajectory similar to late 2008 over the next 3-4 months with evidence of a recession re-starting, then he may be forced to do an LBJ and step aside.
November 21st, 2011 at 5:45 pm
caeteris paribus, floating HRC would be a masterstroke..similar, in many respects, to giving ol’ #44 the nod in ’008..
though, might be more difficult to convince Michelle, than Barack..
~~~
thought it *funny that, even(?), Bloomberg Radio was in full-throat–’blaming’ today’s sell-off on the SuperCommittee…
instead of..
“…Last week, Citi Group’s Willem Buiter said (on Bloomberg TV) that time is running out for Europe. “I think we have maybe a few months – it could be weeks, it could be days – before there is a material risk of a fundamentally unnecessary default by a country like Spain or Italy which would be a financial catastrophe dragging the European banking system and North America with it.” According to Buiter, the European financial system is determined to respond to the crisis “with both hands tied behind its back.” There is a lack of preparation, of underpinning. The most likely solution, he suggested, will probably spell the “end of the euro zone.”…”
http://www.financialsense.com/contributors/jr-nquist/2011/11/21/a-world-on-the-brink-of-change
“…A long-term global recession is certain to happen and China must focus on domestic problems, Chinese Vice Premier Wang Qishan has said.
“The one thing that we can be certain of, among all the uncertainties, is that the global economic recession caused by the international financial crisis will be chronic,” Wang was quoted by the official Xinhua news agency as saying at the weekend.
Wang’s comments were the most bearish forecast ever by a top Chinese decision-maker about the world economy, and Beijing’s worry about a worsening global environment could translate into an impetus for pro-growth policies at home.
Why this Astonishing Admission?…”
http://globaleconomicanalysis.blogspot.com/2011/11/chinas-vice-premier-sees-chronic-global.html
November 21st, 2011 at 5:58 pm
where does wall streen and TBTF find so many folks to support them? must be the pay
November 21st, 2011 at 6:11 pm
@Jojo
Why does Obama have to voluntarily step aside? I think if Hillary wants to be the next president she should step forward and announce her running regardless of how/what Obama does.
November 21st, 2011 at 8:30 pm
@Robespierre – It’s not that I am necessarily for Hillary (although she has conducted herself well as Sec of State), I am just disgusted with Obama’s total failure as president. He has turned out to be a wimp who reneged on his campaign promises and all in all, seems to be a better Republican than Democrat. Obama has to quit because no Democrat is going to challenge him otherwise. That is just how politics is played these days.
November 21st, 2011 at 9:32 pm
Can Democrat’s ever be happy with a sitting Democrat President?
http://nymag.com/print/?/news/politics/liberals-jonathan-chait-2011-11/
What is going on with the Republicans?
http://nymag.com/print/?/news/politics/conservatives-david-frum-2011-11/
November 21st, 2011 at 9:58 pm
Oops missed the Frum piece on Republicans earlier in the day.
November 22nd, 2011 at 2:36 am
http://www.nytimes.com/2011/11/22/business/madoff-associate-says-fraud-went-back-to-1970s.html?_r=1
November 22nd, 2011 at 7:30 am
Pepper spray is food! Vegetable, presumably.
http://gawker.com/5861688/its-a-food-product-essentially-fox-news-starts-spinning-pepper-spray-cops
http://knowyourmeme.com/memes/casually-pepper-spray-everything-cop/photos
If your tastes run to money:
http://xkcd.com/980/