My early morning reads:

• In the picture: a short history of nationalisations (FT) see also Nationalization in Argentina: We’ve seen this movie before (Setty’s Notebook)
• Volcker Rule Gets Murky Treatment (DealBook)
• Are you confused About Stocks? You are not alone. (A Dash of Insight)
• A Day In The Life: Investment Banking Associate (Businessweek) Gets up at — WTF? — 7:00 am?!?
• Looking at pay scales:
…..-Workers’ Pay Divide Persists (WSJ)
…..-Income of Rulers vs. the Ruled (Economix)
• Forecasting the Great Recession: DSGE vs. Blue Chip (Fed New York)
• That’s Governor Zhou to you (Alphaville)
• Bank of America Faces Bad Home-Equity Loans: Mortgages (Bloomberg)
• The Lost Steve Jobs Tapes (Fast Company)
• John Cleese on the 5 Factors to Make Your Life More Creative (Brain Pickings)

What are you reading?

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Workers’ Pay Divide Persists $$

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.

14 Responses to “10 Thursday AM Reads”

  1. ConscienceofaConservative says:

    Sequoia fund’s letter protesting James Johnson serving on Goldman’s board over his role in Fannie Mae lobbying to underwrite riskier mortgages

    http://www.sequoiafund.com/images/rcg.pdf

    Washington Post writing how Joseph Smith jr being the only foreclosure monitor banks did not object to and not interstingly enough one that is relying on minimal staff and bank self reporting their abuses per the requirement in the mortgage foreclosure accord.

    http://www.washingtonpost.com/business/economy/as-monitor-of-banks-after-the-mortgage-settlement-joseph-smith-jr-faces-a-daunting-task/2012/04/18/gIQAbr3hPT_story.html

  2. DeDude says:

    A nice comment on higher education. You really don’t want the sheeple edumacated if you want to be able to control them and have them believe whatever your corporate media feeds them.

    http://michaelperelman.wordpress.com/2012/04/18/the-tragedy-of-higher-education-in-the-united-states/

    The debate on this piece over at “Economist View” is almost better than the paper itself

    http://economistsview.typepad.com/economistsview/2012/04/the-demise-of-higher-education-in-the-united-states.html

  3. DeDude says:

    Interesting to see that the 5 factors for creativity that John Cleese is listing are the exact same things that the bean counters and “efficiency” wizards are destroying in the name of making corporations and organizations more “productive”. The bean counters have become the masters of the world and their demand for “bean countable” productivity is destroying creativity and innovation.

  4. thomas hudson says:

    levon helm is in his final days:

    http://blogs.wsj.com/speakeasy/2012/04/18/the-bands-levon-helm-in-final-stages-of-cancer/?mod=google_news_blog

    an american musical treasure, and i will sorely miss him. if you haven’t listened to his ‘ramble at the ryman’ release, consider checking it out.

  5. hopeImwrong says:

    I read “capitalism is dead…” http://www.marketwatch.com/story/capitalism-is-dead-credit-new-king-says-duncan-2012-04-18

    I don’t quite know what to make of this. It seems so wrong and unsustainable. But, it is kind of what we have been doing.

  6. Roundup Herbicide Linked To Parkinson’s-Related Brain Damage
    Sayer Ji, Contributor
    Activist Post

    Alarming new research published in the journal Neurotoxicology and Teratology supports the emerging connection between glyphosate, the active ingredient in Roundup herbicide, and neurodegenerative conditions such as Parkinson’s disease and Parkinsonian disorders.

    Published this month (April, 2012), the new study entitled “Glyphosate induced cell death through apoptotic and authophagic mechanisms,” investigated the potential brain-damaging effects of herbicides, which the authors stated “have been recognized as the main environmental factor associated with neurodegenerative disorders, such as Parkinson’s disease.” …”
    http://www.activistpost.com/2012/04/roundup-herbicide-linked-to-parkinsons.html

    MON should go to -0- ..

  7. VennData says:

    1)If margins are too high, then for them to correct means companies will hire. That will result in more revenue growth.
    2)The inevitable bond price drops will not be so bad since so much of the bond ownership is financial institutions buyng spread with their central bank money. This unwind will mean liquidity gets drained as Cent. Bank balance sheets contract.
    3)Housing is a regional market and regional within regions. The upper income growth is happening, while the gross housing figures include a lot of lower income housing that will be a drag for a long, long time.

  8. Jojo says:

    The Flight Deck of Space Shuttle Endeavour
    http://apod.nasa.gov/apod/ap120418.html

  9. mad97123 says:

    So Doug Kass is building personal his wall of worry, while in “Are you confused About Stocks” we’re told to ignore the wall of worry and buy stocks. Problem with the “Wall of Worry” theory is there is no sell signal, it’s always “bad is good” when some time bad is bad.

    In 2007 there was a wall of worry, for good reason we now know. Bears are often a bit early (Barry on housing), but it better to have your seat chosen well before the Herd wakes up and the stampedes away from that wall of materialized worry.

    http://articles.marketwatch.com/2007-02-13/research/30731060_1_stock-market-newsletter-sentiment-contrarians

  10. VennData says:

    How to beat a patent troll.

    “How about nothing!?”

    http://www.ted.com/talks/drew_curtis_how_i_beat_a_patent_troll.html

    Apple, Microsoft, …and Oracle will be beat this way too. How about nothing Larry Elison? Ballmer, Cook?

  11. Blamed for Bee Collapse, Monsanto Buys Leading Bee Research Firm
    April 19th, 2012

    Via: Natural Society:

    Monsanto, the massive biotechnology company being blamed for contributing to the dwindling bee population, has bought up one of the leading bee collapse research organizations. Recently banned from Poland with one of the primary reasons being that the company’s genetically modified corn may be devastating the dying bee population, it is evident that Monsanto is under serious fire for their role in the downfall of the vital insects. It is therefore quite apparent why Monsanto bought one of the largest bee research firms on the planet.

    It can be found in public company reports hosted on mainstream media that Monsanto scooped up the Beeologics firm back in September 2011. During this time the correlation between Monsanto’s GM crops and the bee decline was not explored in the mainstream, and in fact it was hardly touched upon until Polish officials addressed the serious concern amid the monumental ban. Owning a major organization that focuses heavily on the bee collapse and is recognized by the USDA for their mission statement of “restoring bee health and protecting the future of insect pollination” could be very advantageous for Monsanto.

    Posted in Dictatorship, Economy, Elite, Environment, Food, Genetic Engineering, Health, Perception Management
    http://cryptogon.com/?p=28675

  12. ‘Factor in taxes, transportation costs, clothing and lunch — what is the true net that you bring home after salary?”
    April 18th, 2012

    Radical Homemakers: Reclaiming Domesticity from a Consumer Culture by Shannon Hayes

    Making It: Radical Home Ec for a Post-Consumer World by Kelly Coyne

    “What if the millions of so-called dropouts are onto something?”

    Via: CNN:

    After factoring in the rising cost of child care, the daily commute and other work-related expenses, a growing number of mothers are figuring out that having a job just doesn’t pay.

    “It comes down to a cost analysis and I have several clients that have taken the route of quitting,” said Anna Behnam, a financial advisor at Ameriprise Financial in Rockville, Md. “Factor in taxes, transportation costs, clothing and lunch — what is the true net that you bring home after salary?”
    http://cryptogon.com/?p=28653

  13. rd says:

    Re: A Dash of Insight

    I get the argument about high P/Es being suitable in a low interest rate period (although I would generally assume that a low interest rate environment is signaling a low growth period).

    However, the point of the Shiller CAPE is to average out the high and low P/Es over a ten year period. Simply stating that there are abnormal write-offs in 2008 and 2009 and therefore it should be ignored misses the point: the banks were atrociously run so their previous few years of earnings clearly had a significant amount of fiction in them. In fact, many likely would have gone out of business entirely if the US government and Fed had not gone to extraordinary measures.

    Could the arguments in A Dash of Insight be signaling a market top?