My Big Fat Greek Thursday AM Reads
My big fat Greek morning reads:
• The Fed:
…..-FOMC Keeps Its Finger on Trigger (WSJ)
…..-Bernanke Gives Impetus to New Stimulus (Bloomberg)
• The Chinese Shadow Banking System: Swimming Naked in China (The Diplomat)
• Biggest Public Firms Paid Little U.S. Tax, Study Says (NYT) see also Many companies pay no income taxes, study finds (CNN Money)
• Shale Gas Reserves Could Reignite U.S. Economy (Bloomberg)
• Greece:
…..-Greece: The Debtor that Roared (Naked Capitalism)
…..-Is Greece bluffing? (Fortune)
…..-1998: Joining Euro A Dim Hope For Greece (Crossing Wall Street)
…..-Euro’s Leaders Question Greek Membership (Bloomberg)
• Many Alarms Rang Before MF Global Crashed (DealBook)
• BofA ‘Should Be Worried’ as Customers Mull Defecting, Poll Shows (Bloomberg) see also Court Hits Wells Fargo Over Mortgages (WSJ)
• 8 Things I’d Rather See Apple Do With Their Cash (I Heart Wall Street)
• Could Japan’s economic malaise strike here in U.S.? (USA Today) see also U.S. Firms Pose Hurdle for Yuan (WSJ)
• Your Brain on Politics: The Cognitive Neuroscience of Liberals and Conservatives (Discover Magazine)
What are you reading?
>
Source: Meat Prices Continue Their Bull Run (WSJ)
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November 3rd, 2011 at 10:19 am
Bacon is the most interesting one. The price is way up from 3 years ago. I realize bacon is a fad food right now, but what the heck happened?
November 3rd, 2011 at 10:29 am
Occupy Wall Street, Social Unrest and Income Inequality on Richard Bookstaber’s blog. Very cogent analysis indeed.
http://rick.bookstaber.com/2011/10/occupy-wall-street-social-unrest-and.html
November 3rd, 2011 at 10:29 am
[...] I set about to find out some more info on the subject. The results of that are seen in the reads this morning, but more significantly, the report from the Greenlining Institute, titled Corporate [...]
November 3rd, 2011 at 10:49 am
Bacon is expensive because pigs are pricy. Here’s what I’m reading: Do The Work by Steven Pressfield, Linchpin by Seth Godin and Jeffrey Gitomer’s Little Red Book of Sales Answers. I’m doing a project and these books comprise my mini library to do it!
November 3rd, 2011 at 11:21 am
Meats are up but not as much as peanut butter, others that have gone up are grains (like in cereal and bread), sugar, & coffee just to name a few staples. The fact that peanut butter is up is largely due to the Texas drought from last summer – which also impacted other world food markets:
http://thinkprogress.org/romm/2011/10/31/357683/crippling-5-3-billion-texas-drought-hits-global-cotton-beef-peanut-butter-and-even-pumpkin-market/
Things are getting ugly in Oakland (which may provide a snapshot of how it will go elsewhere):
http://www.msnbc.msn.com/id/45144941/ns/us_news-life/
On the other side of the world, climate change induced flooding is a problem, 43 pix:
http://www.boston.com/bigpicture/2011/10/thailand_flood_reaches_bangkok.html
November 3rd, 2011 at 11:29 am
http://www.bloomberg.com/news/2011-11-02/citigroup-finds-obeying-the-law-is-too-darn-hard-jonathan-weil.html
more of jon’s fine work
just more of mind blowing SEC misfeasance on this case
November 3rd, 2011 at 11:29 am
Nice to see ARSorkin is still carrying water for the “all is well, MF Global is just Corzine gone rogue” posse.
Would hate to think he would do actual journalism instead.
November 3rd, 2011 at 12:27 pm
How is bacon up 34 pct, when pork chops are only up 17 pct?
The barn and the field are sunk cost.
The pigs mostly “make themselves”, each with a fixed number of chops.
The pig food has to be bought, and the farmer decides how much. If feed corn price is driven up, then the variable cost of pig fat goes up.
Chops (bony part) is fixed cost and bacon (fatty part) is variable cost.
November 3rd, 2011 at 1:09 pm
Papandreu out flip-flopping Romney!
Should I stay or should I go?
Gonna be a lot of unhappy greeks I think, still time to rumble in the streets. No professional politician wants to put power in the hands of ordinary people. Greece was in danger of reverting back to true democracy, need to keep it representative type democracy to maintain control and keep feeding the bankers.
November 3rd, 2011 at 1:52 pm
Nov 01 2011
The New Permanent Temp Workforce
In most economic recoveries, the rise in the number of temporary workers is thought to be a sign of better things to come. It shows that, to meet growing demand, companies are dipping their collective toes into the labor market.
This time may be different. Instead of hiring temps in anticipation of growth, more companies are simply changing the nature of their work from long-term to shorter-term projects. At the same time, they are using temporary workers as tryouts for permanent positions which may or may not materialize. The combination could extend the normal amount of time that temporary labor grows as a proportion of the total workforce.
According to data from the Bureau of Labor Statistics, temporary workers accounted for 1.69% of the workforce at the end of last year, up from 1.47% in January 2010. That’s the largest annual increase ever, according to a report from Staffing Industry Analysts, a research and advisory firm focused on staffing and contingent labor.
“Companies are using temporary labor as one of their strategies to manage through the volatility,” said Barry Asin, president of Staffing Industry Analysts.
…
http://it-jobs.fins.com/Articles/SBB0001424052970204528204577009804110210674/The-New-Permanent-Temp-Workforce
November 3rd, 2011 at 3:17 pm
http://www.freakonomics.com/2011/11/03/in-some-elections-second-best-might-be-good-enough/
Portland Maine will elect mayor by ranking the candidates.
http://www.medicaldiscoverynews.com/
“gut” microbiomes
http://www.cbsnews.com/8301-504763_162-20118507-10391704.html?tag=cbsnewsTwoColLowerPromoArea;fd.morenews
chocolate curbs strokes in women (hand me another Hershey bar)
http://www.economist.com/node/21536603
The Republicans: A dangerous game
http://www.lsusports.net//ViewArticle.dbml?DB_OEM_ID=5200&ATCLID=205325126
Weekend event: Geaux Tigers!
November 3rd, 2011 at 3:39 pm
klhoughton,
worry not, about having to do..”Would hate to think he would do actual journalism instead.”, in regard to ARSorkin..
differently, if ‘”Water” needn’t be Carried..”, ARS would be SOL .. Lucky for him..