Some lively reads to start your morning:

• The Warren Buffett Haters Club (Businessweek) see also Buffett’s shareholder letter dangles clues (MarketPlace)
• Research: Wealthy More Likely to Lie, Cheat (Bloomberg)
• World Bank warns: China is a ticking time bomb (Market Watch)
• Is This Stock Market Rally for Real? (Time)
• Robosigning 2.0: Coming to a Foreclosure Review Near You (Credit Slips) see also The Broken Regulatory State (FDL)
• Detroit automakers race to keep up with sales (US News)
• Ben Bernanke and the zero bound (Vox) see also A U.S. Boon in Low-Cost Borrowing (NYT)
• To Innovate, You Have To Stop Being A Slave To Data (FastCo Design)
• Yahoo threatens Facebook as patent war looms (Reuters)
• Stratfor: Osama bin Laden ‘was in routine contact with Pakistan’s spy agency’ (Telegraph)

What are you reading?

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‘Senior’ Debt’s New Appeal

Source: WSJ

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.

16 Responses to “10 Tuesday AM Reads”

  1. theexpertisin says:

    The UC Berkeley study on the 1% lying more than the ROW is a perfect example of why the cost of higher education continues to skyrocket.

    There is some serious fat that needs to be cut out of Big Education.

  2. willid3 says:

    why do white collar criminals whine as opposed to those who commit other crimes?
    http://www.latimes.com/news/opinion/commentary/la-oe-goldman-honor-among-thieves-20120228,0,1062223.story

  3. AHodge says:

    Ah Stratfor
    i had signed up with them
    my govt security system wizards determined they had been massively hacked by someone
    incl all the subscriber list and data, and i was asked to drop
    theres our wizzard security for you,
    we have the worst superpower human spy service since — say– the Ottomans
    but even they–maybe with private sector help– are finally figuring out the Paks are not our buddies, and look more to china
    not to mention their taliban thing

  4. jbay says:

    I’m going to go ahead with my patent of the english alphabet and sue anyone who uses it. This is your only warning!

  5. Greg0658 says:

    just wondered if this song was online – now a good slideshow too – who said video killed the radio star
    Lake ‘Time Bomb’
    http://www.youtube.com/watch?v=swtFzfywtAI

    ahodge checkout 2m45s

  6. crutcher says:

    “The Texas-based subscription-based publisher providing political, economic and military analysis to help customers reduce risk.”

    This sentence in the Telegraph is missing a main verb. I suspect it was sloppily cut and pasted from the company website. And from a journalistic point of view, instead of being a bald declarative sentence, it should read:

    The Texas-based subscription-based publisher claims to provide “political, economic and military analysis to help customers reduce risk.”

  7. willid3 says:

    the meritocracy scam?
    we really don’t have one. even after trying to create one for 100 years

    http://www.nakedcapitalism.com/2012/02/adam-davidson-praises-economic-exploitation.html

  8. VennData says:

    The Possum Republicans

    http://www.nytimes.com/2012/02/28/opinion/brooks-the-possum-republicans.htm

    “…All across the nation, there are mainstream Republicans lamenting how the party has grown more and more insular, more and more rigid. This year, they have an excellent chance to defeat President Obama, yet the wingers have trashed the party’s reputation by swinging from one embarrassing and unelectable option to the next: Bachmann, Trump, Cain, Perry, Gingrich, Santorum. But where have these party leaders been over the past five years, when all the forces that distort the G.O.P. were metastasizing? Where were they during the rise of Sarah Palin and Glenn Beck? Where were they when Arizona passed its beyond-the-fringe immigration law? Where were they in the summer of 2011 when the House Republicans rejected even the possibility of budget compromise? They were lying low, hoping the unpleasantness would pass…”

    No… No Mr. Brooks, you’re wrong again. No the GOP elites were FINANCING it.

    They were FINANCING the “Kenyan” “Muslim” “Socialist” “anti-business…” It was the freaking Chamber of Commerce calling the President “anti-business.” They coordinate, manage, tet out the messages. It’s MARKETING. And they do it all cycle long. Don’t you get that?

    Furthermore Unbeknownst to Brooks, the GOP Media Machine has been doing this for years, for decades. In the Presidential year they focus their advertising onto the chosen one and enough of the lemmings they’ve conned pull to the middle. And, Mr. Brooks, don’t worry they will do it again.

    They have already knocked the rising Santorum back,a s they have all the others. you don’t think Obama wanted Cain out of the race, do you? Bachmann? Are you kidding? Romney will get the nomination, that is always how it works.

    They infuse the dull with vitriol and whisper the “tax cuts pay for themselves” sophistry. And when the election comes, that’s all there’s left. And the effective tax rates for the rich go down, again.

    They are no different from Trump, timing his announcements to promote his TV show. Trump figured it out and is aping the GOP Media Machine, instead of tax cuts for the rich, he wants to keep his show going.

    Don’t you see that?

  9. atswimtwobirds says:

    Anybody interested in US health care reform or indeed the budgetary process in general should be all over the report on cardiac stents.
    http://www.nytimes.com/2012/02/28/health/stents-show-no-extra-benefits-for-coronary-artery-disease.html?ref=science
    The key paragraph
    “In many hospitals, the cardiac service line generates 40 percent of the total hospital revenue, so there’s incredible pressure to do more procedures,” he said.

    “When you put in a stent, everyone is happy — the hospital is making more money, the doctor is making more money — everybody is happier except the health care system as a whole, which is paying more money for no better results.”

  10. VennData says:

    Romney Admits Mistakes as Michigan Votes in Crucial Primary

    I admit some mistakes, I can afford to. Heck, I can afford anything.

    http://www.nytimes.com/2012/02/29/us/politics/romney-admits-mistakes-as-michigan-votes-in-crucial-primary.html

  11. AHodge says:

    http://dealbook.nytimes.com/2012/02/27/bending-the-tax-code-and-lifting-a-i-g-s-profit/
    sent by a fellow profits expert
    AIG reports $19.8 bio 4Q after tax (the usual way)
    Including a $17.7 bio PLUS on the tax line
    a benefit specially granted by the Treasury…

  12. rd says:

    On data and innovation.

    I have two simple data rules that I train juniorengineers in when they work for me. They usually just stare at me at first.

    Rule 1: Always trust your data; and
    Rule 2: Never trust your data.

    Rule 1 exists because frequently anomolous data points are there for a reason. They are often indicating something that means you don’t understand the system you are analyzing.

    Rule 2 is there because even consistent data can be wrong, in some cases because of a systematic data collection error. Sometimes, you are even simply measuring the wrong thing.

    So, in the end you need ot look hard at what the data is supposed to represent, how it is collected, how it is analyzed, and if there are altenative explanations for it.