My afternoon train reading:

• Lobby more, pay less in taxes (Sunlight Foundation)
• In Conversation: Barney Frank (NY Mag)
• What five years of crisis history tells us (FT Alphaville)
• Recidivism amongst stock scammers is surprisingly high (Bronte Capital)
• U.S. Consumers Not Out of Gas (WSJ) see also Frugality Fatigue Spurs Americans to Trade Up (Bloomberg)
• Do Small Businesses Create Jobs? (Economix)
• Google Drive detailed: 5 GB for free, launching next week for Mac, Windows, Android and iOS (The Next Web)
• Is Facebook Making Us Lonely? (The Atlantic) see also LinkedIn Will Outlive Facebook. Here’s Why (Inc.)
• Apptopia gives app developers an exit strategy (Gigaom)
• The Awesomeness Manifesto (Harvard Business Review)

What’s on your tablet?

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U.S. Consumers Not Out of Gas


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.

11 Responses to “10 Tuesday PM Reads”

  1. TheUnrepentantGunner says:

    glad youre linking to bronte capital. John is pretty much one of the 4 or 5 smartest people writing right now period and reading his stuff in 2008 seems especially prescient.

  2. Bill in SF says:

    These aren’t your father’s Streets of San Francisco

    “The law part of the original Law and Order was based in the fictional 27th Precinct, and considering that each Manhattan precinct only covers a few square miles, the fact that they caught more than 500 murderers in their time on air is pretty incredible. The good news for New Yorkers is that crime has gone down dramatically this past decade. I hate to credit Mayor Giuliani, but he was a large part of it, as is Mayor Bloomberg. According to the New York Times, there were 68 homicides in Manhattan in 2007, 62 in 2008, 53 in 2009, 48 in 2001, and 27 in 2011. And I think the number was low in 2011 because Law and Order went off the air in 2010. There are 22 precincts in Manhattan, yet a single fake one caught more than 20 murderers a year. At that rate there’d be more than 400 murders in Manhattan alone per annum.”

    http://thehairpin.com/2012/04/horrible-death-imminent-according-to-tv

  3. gordo365 says:

    I’m interested in reading Google drive terms of service to see if they reserve the right to scan an index all your files – to create more detailed personal profile information they can sell.

    I assume the “If you aren’t paying for the product – you are the product” still applies.

  4. readerOfTeaLeaves says:

    Interesting Tax Day charts from ‘Off the Charts’ at Center on Budget and Policy Priorities (CBPP): http://www.offthechartsblog.org/top-ten-federal-tax-charts/

  5. swag says:

    No real surprise: Tom Friedman wins Eschaton’s “Wanker of the (Eschaton) Decade”

    http://www.eschatonblog.com/2012/04/one-true-wanker-of-decade.html

  6. Lariat1 says:

    Levon Helm is in the final stage of cancer. His wife and daughter have a touching announcement on his website: Levonhelm.com. “he has loved nothing more than to play, to fill the room up with music, lay down the back beat, and make the people dance! He did it every time he took the stage…”.

  7. Mike in Nola says:

    @Gordo: I’m sure eager to put my private info into Google drive. I’m sure Google is even more eager for me to do it. BTW, there are some cloud backup programs that were able to use whatever the predecessor Google service was and they would encrypt the info before sending it up. That might work.

    BTW, you can get 25G free on Skydrive from Microsoft just by opening a Windows Live account or whatever they are calling it these days. It’s been available for years, just wasn’t very easy to access from the desktop. They’ve made a pretty nice web interface and Windows 8 will have built in drag and drop access to Skydrive.

  8. toddie.g says:

    Pulitzer Prize winner David Cay Johnston’s piece, Taxed By The Boss about employee state taxes being diverted directly to corporations ,is what I’m reading. Corporate welfare, socializing losses and privatizing profits.

    money quote:

    “Job piracy” occurs when one state diverts taxes to lure an employer across state lines. AMC Entertainment announced a deal last year to move its corporate headquarters from Kansas City, Mo., to a nearby Kansas suburb. In return, Good Jobs First said, Kansas will let the multiplex chain keep $47 million of state income taxes withheld from its workers’ paychecks, a drain on public finances that did not create any jobs, but does enrich the Wall Street firms that own AMC including arms of J. P. Morgan, Apollo Management, Bain Capital and the Carlyle Group. AMC declined to answer my questions.”

    http://www.reuters.com/article/2012/04/12/us-column-dcjohnston-report-idUSBRE83B0XQ20120412

  9. toddie.g says:

    So now we know one way Mitt Romney made all that money with Bain. Diverting state taxes into his pocket.

  10. VennData says:

    “…Facebook CEO Mark Zuckerberg left his board out of the loop as he personally hammered out a $1bn deal with Instagram for its colour-changing photo software in three days of negotiations in his house in Palo Alto, culminating in the deal on Sunday 8 April, a report in the Wall Street Journal claims. Facebook’s board was only informed of the deal later that day – after it had already been agreed, the source said, stating that the board “was told, not consulted”. The story broke to the media on 9 April…”

    http://online.wsj.com/article_email/SB10001424052702304818404577350191931921290-lMyQjAxMTAyMDEwNzExNDcyWj.html

    Dear Leader don’t need no stinking board.

  11. Greg0658 says:

    VenDa – not sure but .. the way my mind sees things – it was the cash batton pass – if .. me thinks the kid learns fast