My afternoon train reading:

• Good news, and bad, from insiders (Market Watch)
• A Conspiracy of Hogs: The McRib as Arbitrage (The Awl)
• Wealth-X Launches the First World Ultra Wealth Report (PR Newswire)
• Return to Levittown: a suburban dream turns 60 (BBC) see also 30-year mortgage falls below 4% again (Market Watch)
• The Return of States’ Rights (Boston Review)
• Confidence Game (Columbia Journalism Review)
• Bill Clinton Lays Out His Prescription for America’s Future (NYT)
• How the 99% and the Tea Party can Occupy (Anil Dash)
I can’t quit you . . . Bloomberg Calls for Ending Bush-Era Tax Cuts (Bloomberg) see also Time to revisit the case of George W. Bush? (Ajjazeera)
• Brian Eno on bizarre instruments (Telegraph)

What are you doing?


• How the 99% and the Tea Party can Occupy (Anil Dash)

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.

10 Responses to “10 Thursday PM Reads”

  1. Joe Friday says:

    Bob Lutz, the former Vice-Chairman of General Motors, former President of Chrysler, former Vice-President of Ford Motors, and former Executive-Vice-President of BMW, on Charlie Rose:

    The sub-prime mortgage meltdown was a product of government. That came out of the 1998 Community Renewal Act, which forced the banks to grant loans to people who couldn’t afford to pay for the houses.

    Is there something hard-wired in the RightWing brain ?

    In the face of all the evidence, how is it possible that an educated individual can still hold this view ?

  2. TheUnrepentantGunner says:

    As a resident about 5 miles from Levittown, the BBC picture, if anything, is too kind.

    If any hardcore TBP commenters/readers are in the area and want a drink, its on me, I’d even give them a tour… i think BR has my contact info.

  3. wunsacon says:

    >> Bill Clinton Lays Out His Prescription for America’s Future

    Could we please ignore this man? I heard him briefly in some interview say that he thought the Obama administration was mostly doing the right things but just not communicating well enough. Sure, I agree with him about the Republican devils. But, c’mon, Bill. As if his passage of “CFMA” and “tax-free gains on housing” wasn’t enough, he’s telling me the Obama administration’s problem is their lack of communication? Go home, Bill.

  4. TheUnrepentantGunner,

    ever ‘Compare, and Contrast’ — America’s ‘journey to “Levittown”‘, with the Soviet Policy of ‘Russification’ ?

    for some ‘starters’..

  5. JerseyCynic says:
    American colleges flooded by Chinese applicants and the application process isn’t always honest. We’ll investigate.

    For American colleges that want to go global a natural place to look for students is China. The Chinese want American college degrees; and American colleges want diversity, not to mention students who can pay their own way.

  6. BR,

    are you serious about that ‘McRib’-Article?

    didn’t this..”… Between 1982 and 1985 pork prices were significantly lower than prices in 1981 and 1986, when pork would reach highs of $17 per pound; during the product’s first run, pork prices were fluctuating between roughly $9 and $13 per pound…”

    at the min., give you cause to pause?

    maybe, some other facets, of the ‘Story’, should be examined..

    “…The most surprising thing about the McRib is that the federal government’s National Pork Board, whose every marketing message must be approved by USDA’s Agricultural Marketing Service, proudly claims to be its creator. See the first page of the Pork Board’s most recent annual report for 2006…”

    “…Time Magazine’s Healthland blog reports that among the McRib’s 70 ingredients are azodicarbonamide, ammonium sulfate and polysorbate 80.

    While the amounts are very small, the blog notes that azodicarbonamide, “a flour-bleaching agent that is most commonly used in the manufacture of foamed plastics like in gym mats and the soles of shoes, is found in the McRib bun.”

    The blog says azodicarbonamide is banned in Europe and Australia as a food additive.

    Read more at Time’s Healthland Blog…”

    “…about the creation and edibility of “restructured meats”:

    Most people would be extremely unhappy if they were served heart or tongue on a plate,” he observed. “But flaked into a restructured product it loses its identity. Such products as tripe, heart, and scalded stomachs are high in protein, completely edible, wholesome, and nutritious, and most are already used in sausage without objection.” Pork patties could be shaped into any form and marketed in restaurants or for airlines, solving a secondary problem of irregular portion size of cuts such as pork chops. In 1981 McDonald’s introduced a boneless pork sandwich of chunked and formed meat called the McRib, developed in part through check-off funds [micro-donations from pork producers] from the NPPC [National Pork Producers Council]. It was not as popular as the McNugget, introduced in 1983, would be, even though both products were composed of unmarketable parts of the animal (skin and dark meat in the McNugget). The McNugget, however, benefited from positive consumer associations with chicken, even though it had none of the “healthy” attributes people associated with poultry.

    Read Ben’s very funny and fact filled story here…”

  7. mathman says:

    MEH: good point! – as Michael Pollan suggests, any food with more than 5 ingredients should be avoided (he advises eating mostly raw foods – fruits, nuts, veggies).

    “Pollan’s discussion of the industrial food chain is in large part a critique of modern agribusiness. According to the book, agribusiness has lost touch with the natural cycles of farming, wherein livestock and crops intertwine in mutually beneficial circles. Pollan’s critique of modern agribusiness focuses on what he describes as the overuse of corn for purposes ranging from fattening cattle to massive production of corn oil, high-fructose corn syrup, and other corn derivatives. He describes what he sees as the inefficiencies and other drawbacks of factory farming and gives his assessment of organic food production and what it’s like to hunt and gather food. He blames those who set the rules (i.e., politicians in Washington, D.C., bureaucrats at the United States Department of Agriculture, Wall Street capitalists, and agricultural conglomerates like Archer Daniels Midland) of what he calls a destructive and precarious agricultural system that has wrought havoc upon the diet, nutrition, and well-being of Americans. Pollan finds hope in Joel Salatin’s Polyface Farm in Virginia, which he sees as a model of sustainability in commercial farming. Pollan appears in the documentary film King Corn (2007).”