10 Thursday PM Reads
Here is your afternoon train reading
• The Rise of a Euro Doomsayer (NYT)
• Why Not Break Up Citigroup? (Economix)
• Today’s sad WTF headline: European Children More Likely to Outperform Parents Than Americans (Real Time Economics) (PDF)
• Robert X. Cringely On His ‘Lost Interview’ With Steve Jobs (Forbes) see also 5 lessons from Steve Jobs’ “lost” interview (CBS News)
• Insider Trading, Congressional Style (Points and Figures)
• Sean Parker thinks Silicon Valley is in trouble (CNet)
• How the GOP Became the Party of the Rich (Rolling Stone)
• Our Universities: Why Are They Failing? (NY Books)
• Grover and the Giant No-Taxes Pledge (Loyal Opposition) see also New ad shows cozy ties between super PACs and candidates (Washington Post)
• Smackdown! Krassner vs Breitbart (Playboy)
What are you reading?
>
Source: Anthony Freda
Tweet
Facebook
Reddit
Digg this!
November 17th, 2011 at 4:50 pm
I just can’t stop watching Jimmy Fallon as Jim Morrison singing the theme from “Reading Rainbow” –
http://www.latenightwithjimmyfallon.com/blogs/2011/11/the-doors-sing-reading-rainbow-theme/
November 17th, 2011 at 5:30 pm
That Sean Parker interview in Cnet does not give any new information that those who are in the tech start up world don’t know already. But because it is coming from Sean Parker it may be significant.
The situation in the silicon valley is definitely unsustainable and it is becoming quite obvious. Talent acquisition costs of $1 million per engineer just cant last too long….. This time is not different.
November 17th, 2011 at 5:37 pm
BR, thanks for sharing more Anthony Freda. Love his blog – http://anthonyfreda.wordpress.com/
November 17th, 2011 at 5:41 pm
corporate profits and corporate income taxes
http://blogs.reuters.com/felix-salmon/2011/11/17/charts-of-the-day-corporate-income-tax-edition/
a very
rude awakening for some
November 17th, 2011 at 6:20 pm
I take the bus, but i am reading the Jan/Feb issue of Analog Science Fiction and Fact. thank you very much.
November 17th, 2011 at 6:38 pm
OWS live coverage. Not all history is in a book.
http://www.ustream.tv/theother99
November 17th, 2011 at 6:51 pm
Calculated risk had links to some brilliant work from Chicago:
http://www.calculatedriskblog.com/2011/11/research-how-household-debt-contributes.html
When Chicago starts publishing this kind of stuff, then it’s pretty clear; ITS THE DEMAND STUPID. You think Contor could hear that?
November 17th, 2011 at 7:33 pm
Good smackdown between Breitbart and Krassner.
Thanks for bringing this to your list.
November 17th, 2011 at 7:34 pm
What a fantastic message from The police chief who oversaw Seattle’s crackdown on WTO protesters in 1999 – what he learned from the dangers of militarization. His advice for a creating a police force that truly serves and protects communities:
“…More than a decade later, the police response to the Occupy movement, most disturbingly visible in Oakland—where scenes resembled a war zone and where a marine remains in serious condition from a police projectile—brings into sharp relief the acute and chronic problems of American law enforcement. Seattle might have served as a cautionary tale, but instead, US police forces have become increasingly militarized, and it’s showing in cities everywhere: the NYPD “white shirt” coating innocent people with pepper spray, the arrests of two student journalists at Occupy Atlanta, the declaration of public property as off-limits and the arrests of protesters for “trespassing.”
The paramilitary bureaucracy and the culture it engenders—a black-and-white world in which police unions serve above all to protect the brotherhood—is worse today than it was in the 1990s. Such agencies inevitably view protesters as the enemy. And young people, poor people and people of color will forever experience the institution as an abusive, militaristic force—not just during demonstrations but every day, in neighborhoods across the country.
Much of the problem is rooted in a rigid command-and-control hierarchy based on the military model. American police forces are beholden to archaic internal systems of authority whose rules emphasize bureaucratic regulations over conduct on the streets. …..
….Even as police officers help to safeguard the power and profits of the 1 percent, police officers are part of the 99 percent….
Imagine the community and its cops united in the effort to responsibly “police” the Occupy movement.
..Assuming the necessity of radical structural reform, how do we proceed? By building a progressive police organization, created by rank-and-file officers, “civilian” employees and community representatives. Such an effort would include plans to flatten hierarchies; create a true citizen review board with investigative and subpoena powers; and ensure community participation in all operations, including policy-making, program development, priority-setting and crisis management. In short, cops and citizens would forge an authentic partnership in policing the city. And because partners do not act unilaterally, they would be compelled to keep each other informed, and to build trust and mutual respect—qualities sorely missing from the current equation.
It will not be easy. In fact, failure is assured if we lack the political will to win the support of police chiefs and their elected bosses, if we are unable to influence or neutralize police unions, if we don’t have the courage to move beyond the endless justifications for maintaining the status quo. But imagine the community and its cops united in the effort to responsibly “police” the Occupy movement. Picture thousands of people gathered to press grievances against their government and the corporations, under the watchful, sympathetic protection of their partners in blue.
http://www.truth-out.org/lessons-police-chief-militarization-mistake/1321547745
November 17th, 2011 at 9:03 pm
Like the graphic. I think I found a new desktop background :)
November 17th, 2011 at 10:08 pm
King Backs ECB Reluctance to Buy Italian Debt
Although the UK is not in the euro, what the Governor of the Bank of England has to say about the eurozone’s crisis will resonate, simply because he is one of the big global figures in central banking.
http://www.bbc.co.uk/news/business-15757476
November 17th, 2011 at 10:14 pm
If you haven’t seen it yet, this is a great speech pointing out what’s really going on in the EU:
http://www.zerohedge.com/news/watch-nigel-farage-dance-euros-grave
November 17th, 2011 at 10:21 pm
Looks like MF Global acted like MF’s just before filing bankruptcy:
http://www.bloomberg.com/news/2011-11-18/mf-said-to-have-shifted-hundreds-of-millions.html
People need to go to jail in addition to clawbacks from the big boys.
November 17th, 2011 at 10:25 pm
London Stock Exchange becoming a lender “of last resort” for Italian banks? WTF’ingF?
http://dealbook.nytimes.com/2011/11/17/banks-in-italy-find-an-unusual-liquidity-lifeline/?smid=tw-nytimesdealbook&seid=auto
November 17th, 2011 at 10:42 pm
The Krassner vs. Breitbart article is really good. Thanks for sharing it.
November 18th, 2011 at 1:05 am
Jim Wright hits another one out of the park taking on Ayn Rand as an Economist …brilliant work… and damn funny too…
http://www.stonekettle.com/2011/11/who-is-john-galt-that-was-bumper.html
November 18th, 2011 at 6:17 am
“We need a leader not a reader.”
Or
“We need a pitcher not a belly itcher.”
Choose or perish.
November 18th, 2011 at 6:26 am
More Newtgrich exposure by Bllomburg.
Wouldn’t have paid attention were it not for WStJ’s apparent endorsement of this running pig.
Coco Channel herself couldn’t have been hired to pretty up this porcine Repub pontificator
http://www.bloomberg.com/news/2011-11-18/gingrich-running-as-change-agent-profits-from-washington-insider-status.html
November 18th, 2011 at 7:17 am
Latest in n my ChinaWatch file , this expression of Bejing’s *displeasure* over O’Bama committing 2k troops on Aussie soil while ASEAN nations are nervous about Chinese *naval* expansion projecting its rising military power.
This dawn of PLA’s dawn of naval military power hasn’t lost the attention of Japan either which also elicited Beijing’s publically expressed *displeasure*.
Been watching this story ever since it surfaced this week. The Economist noticed as well.
http://online.wsj.com/article/SB10001424052970203537304577028490161890480.html?KEYWORDS=china+on+US+troops+in+australia
But hey , ain’t it always good for investment opportunities when there’s a genuine military buildup flush with juicy contracting. Look at the largesse over-spent on Irag/Afghanistan.
The Haliburton hallelujah crowd just loved Cheney.
Best $20 million ROI Haliburton has spent I would guess since the 1st Gulf War
November 18th, 2011 at 10:02 am
No mention of a balanced budget amendment vote today?
Democrats OWN this issue: Yes Bush and Reagan created deficits – but all of the deceptions of BOTH parties could be avoided by limiting spending to the revenue levels.
This is the second Republican attempt to pass such a bill. Democrats have never pushed such a notion.
And note there are ZERO Democrats in the white house, Senate, or House proposing to raise taxes by 45% to pay for all the goodies they and the liberal Republicans like Bush (and Reagan, too – yes he increased social spending on his watch too) want.
Democrats – show us you want to pay for every benefit. The Republicans will probably all vote for this. Only 25 Democrats are committed. The amendment has the overall support of the so-called Blue Dogs, a 25-member group of fiscally conservative Democrats.
“I think this is long overdue,” Rep. Jason Altmire, D-Pa., told Fox News.
November 18th, 2011 at 11:55 am
I don’t like the graphic at all; it’s crude and beneath your intellect.
The loudest smelliest OWS hippy idiots are not very intelligent and easily led to violence. When the OWS violence breaks out in full — beyond just trying to assassinate the president — are you prepared to accept your role in coarsening the dialogue and fomenting an environment where violence is an acceptable alternative to responsible action in a constitutional republic?