My afternoon train reading:

• Amid the Gloom, U.S. Economy Quietly Improves (The Daily Beast)
• Reading Fiction Will Make You a Better Investor (Interloping)
• Where Is the Volcker Rule? (Economix) see also SEC Cops Want to Fight U.S. Judge (WSJ)
• Iraq war ends with a $4 trillion IOU (Marketwatch)
• Banks See Their Footprint Downsized in 2011 (Yahoo Finance) see also Europe Strains World’s Banks (WSJ)
• U.S. Shoppers Foot Bill for Soaring Pay in China (WSJ)
• Interview – MIT’s Daron Acemoglu on Inequality (The Browser)
• A Never Before Seen Optical Trick Creates Ultra-Secure Cash (Fast Company)
• The Post Office as State-Business Hybrid (Common Place)
• The disappearance of the elephant caused the rise of modern man 400,000 years ago (Physorg)

What are you reading?

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.

19 Responses to “10 Thursday PM Reads”

  1. Futuredome says:

    Looks like a big part of the US economic “improvement” is capital fleeing Europe AND Asia. Though I would say the latter is more “kicked out” capital as Asia disinflates. The extra capital is helping spur investment and confidence to hire more.

    The real issue nobody is discussing, is whether the US/Asia isn’t trying to legally tie the losses from the global financial crisis to Europe and fence it in. If we see Citi dumping toxic waste into RBA, then I will know the fix is in. Somebody has to take the bill finally.

    If that is the case. Those German bases aren’t going to close anytime soon, we may need to beef them up if you know what I mean.

  2. swag says:

    SOPA sends David Rees back into clip-art cartooning –

  3. bergsten says:

    (I’m sure if I waited, somebody else would post this, but here goes anyway…)

    Does “reading fiction to improve investing skills” include everything fictional from broadcasting, newspapers, magazines, and the Internet?

    “Fictional,” meaning, everything from broadcasting, newspapers, magazines, and the Internet.

  4. willid3 says:

    ceo pay.
    only up a little
    Chief executive pay has roared back after two years of stagnation and decline. America’s top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation….

    This year’s survey shows CEO pay packages have boomed: the top 10 earners took home more than $770m between them in 2010. As stock prices began to recover last year, the increase in CEO pay outstripped the rise in share value. The Russell 3000 measure of US stock prices was up by 16.93% in 2010, but CEO pay went up by 27.19% overall. For S&P 500 CEOs, the largest companies in the sample, total realised compensation – including perks and pensions and stock awards – increased by a median of 36.47%. Total pay at midcap companies, which are slightly smaller than the top firms, rose 40.2%.

    results? not up so much

  5. GoBigRed says:

    I’m reading Burr by Gore Vidal.

  6. ilsm says:

    What price militarism?

    Senator Kyl and Member of Congress McKeon are scrambling to prevent the 15% cuts to the military industrial complex imposed by the failure of the deficit reduction law passed back in August 2011. It is observed that the war budget has risen by 40% in real terms since 2001. Their plan is to freeze federal salaries and benefits, sell off US government assets, and generally sell the government’s seed corn to keep the US war industry plundering the productive economy, and yes kill the New Deal.

    The 10 year reduction is about the 20 year ownership cost of the F-35. So, kill the thing that does not work and has at least 5 major engineering issues which otherwise would demand it being stopped.

    Does the navy need multiple shipyards to build $3 billion a copy tin cans (DDG 1000 for Maine’s shipyard) which can shoot down ICBM’s and launch 155 mm rocket assisted shell 85 miles in land, while being invisible to radar on the Iranian guards’ zodiac………………………

  7. swag says:

    Michelle and Newt repeat the Big Lie back and forth to one another while Newt tries to defend his “historian” fees.

  8. swag says:

    Hitch is dead.

    Me, disagreed and agreed, hated and loved. But whatever. Great prose style and expressed what he believed in.

    “Christopher Hitchens—the incomparable critic, masterful rhetorician, fiery wit, and fearless bon vivant—died today at the age of 62. Hitchens was diagnosed with esophageal cancer in the spring of 2010, just after the publication of his memoir, Hitch-22, and began chemotherapy soon after. His matchless prose has appeared in Vanity Fair since 1992, when he was named contributing editor.”

  9. Greg0658 says:

    a couple dittos:
    “What price militarism?” .. yes .. maybe its real peace / maybe not
    “Christopher Hitchens …. masterful rhetorician” .. and the media will research/publish his end days medical costs ? na thats probably tacky … RIP with 2 Time Person of the Year Covers as blogger & protestor

  10. AHodge says:

    SEC Cops Want to Fight U.S. Judge
    Agency’s Enforcement Unit Expected to Recommend That Commissioners Appeal Citigroup Ruling.

    from the WSJ law blog today khuzami issued a big PR attack on judge Rakoff
    Maybe because he is desperate. it will be up to the 5 SEC commissioners
    to fight judge Rakoff or get in line w him..
    we will see which Commissioners are on the right side of this very big one
    we will see whether Obama white house is on the right side of this VBO

  11. AHodge says:

    khuzami says it would be wrong to “demand” admissions of guilt..
    maybe so
    but since they have done 10,000 of these with ZERO admissions of guilt
    it might be nice to have one…
    its not all or nothing dude

  12. VennData says:

    The physorg article claims “…Unlike other primates, humans’ ability to extract energy from plant fiber and convert protein to energy is limited…”

    There is no citation to support this.

    Furthermore the claim has no meaning. Humans can get more than enough energy from a plant-based diet and to draw conclusions like the authors do is specious.

  13. AHodge says:

    so i was wrong thinking Khuzami under pressure at /SEC
    the commishes immediately same day file to appeal rakoff
    so Khuzami helped out w his PR
    and SEC had the cover of what looked like doin something with fannie freddie