My Morning reading material:

•  Job Creationism (Matt Harris) see also “Tectonic Shifts” in Employment (Technology Review)
• Private insurers increasingly reliant on government business (Washington Post)
• The end of bazookanomics is the real trend of 2012 (Financial Post)
Taibbi: Goldman’s Latest Boiler-Room Stock: America (Rolling Stone)
• Bond Exotica Gains Favor in Era of Low Rates (Bloomberg)
• Fed Puts Its Reputation on the Line (WSJ) see also Fed Rate Outlook to Bite Traders (WSJ)
• China No Country for Old Men as Government Battles ‘Demographic Tsunami’ (Bloomberg)
• The New American Dream: Rent, Don’t Buy (Fiscal Times) see also The Fed’s Advice on the Housing Crisis (Economix)
• Newspapers, Paywalls, and Core Users (Clay Shirky)
• Top MuckReads of 2011: Domestic Surveillance, Shell Companies and College Sports Corruption (Pro Publica)

What are you reading?

>

The Cat in the Hat Comes to OWS

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.

20 Responses to “10 Thursday AM Reads”

  1. tsouftsaf says:

    I think that the article from Technology Review is one of the few articles that is tying to address a very undereported story: How technological progress and greater productivity affect out society.

    I have recently written an article on this subject – maybe you will find it interesting:
    http://whataboutmarx.blogspot.com/2012/01/greater-productivity-and-eight-hour-day.html

  2. theexpertisin says:

    The article pertaining to “rent, don’t buy” is spot on.

    Pricing power for rents is definitely strong. Although new apartments and single family homes rehabbed out of foreclosure are adding to overall rental stock, there is demand. VERY strong demand. Demographics are changing swiftly in family size and habitation arrangements. We don’t need more 4 bd+/2.5 bath+ 20th century homes. Well managed (even decently managed) multi-family housing presents a positive cash flow almost from the getgo.

    This situation presents an ideal opportunity to revisit the home mortgage deduction and other real estate taxation gifts that are long overdue for overhaul.

  3. Petey Wheatstraw says:

    One of the key mechanisms by which the working class is pushed downward in the economic system is finally getting a little press:

    http://wepartypatriots.com/wp/2011/12/08/misclassification-epidemic/

    and:

    http://www.ksl.com/?nid=148&sid=10934339

    In the meantime, the plan for further enriching the wealthy is being enacted, under the auspices of saving the housing market.

    The Fed thinks the housing market is a continuing drag on the economy. Really?

    Let the great transfer of assets for debt commence!

    http://thehill.com/blogs/on-the-money/1091-housing/202445-bernanke-calls-for-more-action-to-revive-the-housing-sector

    The wheels come off in England:

    http://www.huffingtonpost.co.uk/2012/01/03/payday-loans-one-in-seven-uses-credit_n_1180839.html?1325656504&ref=uk&just_reloaded=1

    Coming soon to a payday lender near you.

  4. farmera1 says:

    Did Psychopaths Take Over Wall Street Asylum?: William D. Cohan from Bloomberg

    http://www.bloomberg.com/news/2012-01-03/did-psychopaths-take-over-wall-street-asylum-commentary-by-william-cohan.html?source=patrick.net

    The answer to the question is yes. Not only Wall Street but to a large extent most of the bigger companies in the US IMHO. Just from personal observations, the prevalence of psychopaths is rather amazing. You name it companies, Wall Street and Congress, most are really led to some level Psychopaths.

    So how do we expect things to get any bettter. Beats me.

  5. willid3 says:

    what is impacting the US economy

    Deleveraging
    Stagnant / lower wages.
    Smaller workforce

    and we don’t have solutions for these.

    http://www.ibtimes.com/articles/277125/20120105/job-growth-jobs-unemployment-gdp-economy.htm

  6. Raleighwood says:

    Corporations are people my friend.

    People maybe, but not patriotic, pledge of allegiance reciting, National Anthem singing citizens.

    We need to indefinitely detain some of these “unpatriotic” corporations. And some unpatriotic politicians.

    http://www.counterpunch.org/2012/01/05/have-the-super-rich-seceded-from-the-united-states/

  7. tagyoureit says:

    #OWS should do the Butter Battle Book next.

  8. http://www.ibtimes.com/articles/275785/20120103/fda-antibiotics-livestock-withdraws-longstanding-petiton-regulate.htm

    The U.S. Food and Drug and Administration announced only days before Christmas that it has decided to back off a 34-year attempt to regulate the use of antibiotics in livestock feed for animals intended for human consumption, despite mounting scientific evidence that has linked the practice to the development of potentially fatal antibiotic-resistant superbugs in humans…”

    “…The practice is often used by large-scale factory farmers, even though scientific literature dating from 1960s has connected it with the emergence of antibiotic-resistant bacteria that is hazardous to human health. The FDA acknowledged that risk in its original 1977 Notice of Opportunity for a Hearing to withdraw penicillin from animal feeds, where it warned that “animals that have received either subtherapeutic and/or therapeutic amounts of antibiotic and sulfonamide drugs in feeds may serve as a reservoir of antibiotic resistant pathogens and non-pathogens. These reservoirs of pathogens can produce human infections.”

    Later that year, the agency submitted an additional NOOH to withdraw the antibiotic tetracycline from animal feeds as well. Those are the notices the FDA withdrew on Dec. 22, after spending more than 30 years in virtual limbo on the issue.

    A combination of opposition from the agricultural industry, lobbying and lack of funding has kept the FDA from following through on its intention to regulate growth-promoting antibiotics in large-scale agriculture, even as scientists report that antibiotic use in animal agriculture has continued to rise.

    Reports of Contaminated Meat Prevalent in 2011

    The consequences are already apparent. A report published in the April 2011 edition of Clinical Infectious Diseases found that nearly half of 136 samples — coming from 80 different brands — of beef, turkey, pork and chicken from grocery stores across the nation were contaminated with multi-drug resistant strains of the bacteria Staphylococcus aureus. The bacteria, according to the report, has been linked with the development of rashes, sepsis, endocarditis and pneumonia…”
    ~~

    That’s some “Change” We can believe in~

    and, “believe” We must, b/c from an empirical perspective…

  9. MikeinMass says:

    Was thumbing through Dealbook and found this gem from 12/29

    Did I just read a Hedgie write “The employees are living breathing people… Someone has to look these people in the eye and tell them they don’t have a job.” ???

    Sears Holdings liquidation sale
    http://brontecapital.blogspot.com/2011/12/sears-holdings-liquidation-sale.html

  10. [...] Technology is changing the jobs market faster than we can adapt.  (Technology Review via Big Picture) [...]

  11. mathman says:

    Wot’s oll this then about Jack Abramov – now out of prison (really?) – finding an ally in the Occupy movement?
    http://news.yahoo.com/blogs/ticket/jack-abramoff-critiques-ows-republicans-media-exposure-yahoo-192044002.html

    And it’s nice to know that Stephen Hawking is actually just one of us typical guys who find women a complete mystery:
    http://news.yahoo.com/women-mystery-british-physicist-hawking-135814776.html

  12. http://search.yippy.com/search?query=cytotoxic+Chemotherapy+drugs+in+drinking+water&tb=sitesearch-all&v%3Aproject=clusty

    http://www.sanedentist.com/effects-of-common-drugs-and-fluoride-content-in-drinking-water-on-dental-health.html

    “… Although the risks may be negligible for healthy adults, more concern may be associated with special subgroup populations, such as pregnant women, their fetuses, and breast-feeding infants, due to their developmental vulnerability…”

    “…Pharmaceuticals and water

    A proportion of the pharmaceuticals that are consumed everyday by the public are excreted unmetabolized, or as conjugates that may subsequently be reactivated, into the sewage treatment system. Sewage treatment plants (STPs) often cannot completely eliminate these compounds entirely [1], and as a result, trace levels are discharged into surface waters. Increasingly, researchers have identified over 100 such compounds contaminating surface and groundwater environments [2–4]. At present, there are no regulatory requirements to monitor pharmaceuticals in the environment or statutory maximum emission levels [5].

    Many researchers have focused on unintended effects that discharged pharmaceuticals may have on wildlife due to their biological mode of action. Previous examples of an impact on wildlife that have been demonstrated include the significant role of ethinylestradiol in the sexual disruption of fish [6]…”
    http://onlinelibrary.wiley.com/doi/10.1897/09-067.1/full

    and, from the bottom of the Page, here..
    http://www.mcall.com/news/local/mc-allentown-pa-firefighters-retire-20120104,0,7856335.story

    Special Sections
    Breast Cancer

  13. beaufou says:

    In keeping with the great lady’s legacy, Margaret Thatcher’s state funeral should be funded and managed by the private sector to offer the best value and choice for end users and other stakeholders. The undersigned believe that the legacy of the former PM deserves nothing less and that offering this unique opportunity is an ideal way to cut government expense and further prove the merits of liberalised economics Baroness Thatcher spearheaded.

    http://epetitions.direct.gov.uk/petitions/18914

  14. willid3 says:

    adventures in lending.
    in Missouri
    even those with long histories with a credit union might end up with a pay day loan. at possible %40
    apr

    http://blogs.reuters.com/felix-salmon/2012/01/05/adventures-with-consumer-lending-missouri-edition/

  15. overanout says:

    Tectonic Shifts” in Employment : The idea that technology creates employment plus generates GDP growth has been a staple of economic thinking but suddenly it has occurred to some that these computer generated programs are replacing more then manufacturing labor in fact computer programs and IT systems are now replacing knowledge workers along with most if not all of the middle workers that we used to refer to as office staff and they are being replaced quickly as Moore’s Law generates faster computer based systems. The idea that new technology is great for employment has that a ring that sounds more like War is Peace.

  16. overanout says:

    Tectonic Shifts” in Employment : The idea that technology creates employment plus generates GDP growth has been a staple of economic thinking but suddenly it has occurred to some that these computer generated programs are replacing more then manufacturing labor in fact computer programs and IT systems are now replacing knowledge workers along with most if not all of the middle workers that we used to refer to as office staff and they are being replaced quickly as Moore’s Law generates faster computer based systems. The idea that new technology is great for employment has that a ring that sounds more like War is Peace.

  17. [...] 2012 should see the end of “bazookanomics.”  (Financial Post via Big Picture) [...]