My afternoon train reading:

• How Investing Turns Nice People Into Psychopaths (The Atlantic)
• Has the Fed Boosted the Stock Market? (Northern Trust) see also The pros and cons of the Fed’s three options (FT Alphaville)
• Companies May Finally Be Starting to Spend That Cash (Businessweek)
• Investors, prepare for tax headache on cost basis (Market Watch)
• Peak Exorbitant Privilege (Fofoa)
• Apple proves two gadgets are better than one (Futurity) see also Google Will Abandon Android (Cek Log)
• States shush corporate critics (Salon)
• These Are The Prices AT&T, Verizon and Sprint Charge For Cellphone Wiretaps (Forbes)
• Beware of Budget Gimmickry (Economix)
• Flickr’s Digital Camera of Choice? iPhone (All Things D)

What are you reading?
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Contrarian Investing

Hat tip Josh

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.

13 Responses to “10 Mid-Week PM Reads”

  1. Jojo says:

    Obamacare’s Benefits Go Far Beyond the Individual Mandate

    If the Supreme Court finds that the individual mandate in the federal health-care law is unconstitutional, the court may also decide the rest of the law is so inextricably tied to it, everything must go. That would bring the nation back to square one on health-care reform.

    Opponents of the law say it would be fine to turn back the clock and start from scratch. In fact, in our polarized political climate, a do-over is unimaginable. What’s more, the Patient Protection and Affordable Care Act contains many specific provisions that would be painful to lose.

    Without the law, insurance companies could keep turning away people with preexisting conditions or charging them higher premiums. They could maintain annual caps and restore lifetime caps on how much they spend on care for an individual policyholder. They could stop paying the full cost of preventive services such as mammograms, flu shots, and well-child visits. And young adults would no longer be guaranteed coverage on their parents’ plan until age 26.

    We couldn’t look forward to state insurance exchanges, those competitive online marketplaces where, starting in 2014, people without coverage from employers should be able to buy health insurance using federal subsidies. And, with no subsidies and no expansion of Medicaid, we’d give up on the promise of insuring 32 million more Americans.

    http://www.businessweek.com/articles/16416-bloomberg-view-the-health-reform-law-should-stand-ireland-deserves-a-break

  2. Jojo says:

    April 4, 2012
    Greek Man Ends Financial Despair With Bullet
    By NIKI KITSANTONIS

    ATHENS — A 77-year-old Greek pensioner distraught over his financial state shot himself in the head in the capital’s busy main square near Parliament on Wednesday morning. “I don’t want to leave debts to my children,” he shouted before pulling the trigger, witnesses said.

    The location, Syntagma Square, is a focal point for frequent public demonstrations and protests. It was full of commuters using the nearby metro station when the man killed himself, around 9 a.m. Shocked witnesses told state television that the man positioned himself under a tree, cried out and fired.

    Local media identified the man as Dimitris Christoulas, a retired pharmacist, and said he left a note saying he could not face the prospect “of scavenging through garbage bins for food and becoming a burden to my child.” The police did not immediately confirm the existence of a note, but identical passages were reproduced in nearly all Greek media.

    The number of suicides reported in Greece over the past three years has risen sharply, a trend experts attribute to repercussions of the debt crisis, including rising unemployment, now at 21 percent, and deepening poverty. Before the crisis, Greece had one of the lowest suicide rates in Europe at 2.8 per 100,000 inhabitants, or a little more than 300 a year. In 2009, the police recorded 507 suicides; in 2010, 622; and last year, 598, and many more were attempted.

    http://www.nytimes.com/2012/04/05/world/europe/greek-man-ends-financial-despair-with-bullet.html

  3. ZedLoch says:

    HEY BR!

    You finally got that triple digit dip you were asking for. Thanks, ya jerk! ;)

    Love,
    Zac

  4. ilsm says:

    Concerning Obama’s kluge, a bone for the insurance companies.

    “What did the uninsured American say to the republican? ‘you’re killing me’”.

    Single payer, medicare for all is the only way to go.

    But that puts the insurance industry who skims off a fraction of 8% of GDP in the dust bin of avarice which is where it belongs.

  5. econimonium says:

    Digital camera of choice the iPhone? Well Captain Obvious, if it’s in my freakin’ pocket and it takes pictures as well as texts, sends email, etc, why wouldn’t we all just whip them out and then post the hilarious candid crap that happens in all our lives that we KNOW everyone just wants to see on Flickr???? Oh right, until HR, the significant other that you told you’d be working late, or your family that doesn’t know about your cross-dressing habits finds the pics and….well, we’ll let people think it’s a good idea to live their life in public.

  6. Mike in Nola says:

    Justice is finally done in the Danziger Bridge shootings which happened in the aftermath of Katrina.
    http://www.nola.com/crime/index.ssf/2012/04/judge_imposes_sentences_on_5_n.html

    Too bad they can’t conving the Chief and Mayor for it. Chief Compass was completely incompetent and providedd no leadership. Ray Nagin had a breakdown during the flooding. He showed signs of being on tranquilizers of some sort. The both left the polic force with no emergency communications. The plan was to use their cell phones as backups. Geniuses. A couple of dozen CB radios that you see in the ads while standing at a urinal in a truck stop would have done wonders. The police were like soldiers in a battle cut off from their command with no idea what was happening: prone to panic and believing rumors, of which there were many. I remember when I was planning to try to drive out the day after the storm and walked to a police station a few blocks away and asked the cops sitting on the steps what was happening and what was the best route out. They had no more idea than I did, maybe less. At least I had am/fm radios with batteries.

  7. Mike in Nola says:

    Oops: meant “convict” and not “conving.”

  8. econimonium,
    It’s very sad that parents take horrific photos of their babies with a phone. A phone’s a phone. Spend a little extra money on a real camera. Memories can only be captured once. Take a bit of extra effort to use a real camera to capture those precious moments.

  9. willid3 says:

    not sure how to square up the GOP conservatives claim to want to protect property rights, and not requiring the proof that a finance company actually has the right to foreclose

  10. Mike in Nola says:

    willid3: It’s only the property rights of the upper classes that need protecting. The little people don’t count.

  11. willid3 says:

    Your probably right. Only the top levels matter, goes along with their tax cuts