Afternoon Train Reading:

• How to Spot the Future (Wired)
• Nasdaq-100 Has Biggest Advance in 2012 as Apple Jumps (Bloomberg)
• The businesses looking for the ‘magic middle’ on social networks (BBC News)
• These Are The Prices AT&T, Verizon and Sprint Charge For Cellphone Wiretaps (Forbes)
Gundlach: Quarterly Commentary (DoubleLine)
• Europe Seen Adding Growth to Budget Rules as Focus Shifts (Bloomberg)
• 10 Features Sure to Appear in iPhone 5 (EWeek) see also Sony Sends 15 Million Songs to Cloud to Close iTunes Gap (Bloomberg)
• The ‘Fair’ Question: If We Must Raises Taxes, Where Should We Start? (The Atlantic)
• Music Film Is Delayed by Fees for Songs (NYT)
• Photos Of New York From 100 Years Ago (The Browser)

What are you reading?

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Vital Signs: Gauge of Business Spending Slows


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.

9 Responses to “10 Thursday PM Reads”

  1. AHodge says:

    Charlie Calomiris sat next to at lunch heard him speak on banking reform. He is awesome, my hero.
    Has all kinds of great ideas, and a far better reform speech than I have given, I ll be stealing liberally…
    high cash holding requirements, cyclical reserve requirements,
    automatic Co Co funding and using market cap as trigger, given how awful book accounting is now.
    he agrees that resolution and living wills require a genius regulator,
    that goldman and Morgan are the only big guys who know how to do accounting
    and that they at a disadvantage reportingwise
    as current bank regulation is an encouragement to lie.
    Says he has known Bernanke for 30 years,
    and while he respects him
    says he doesn’t know much about finance and banking “hes a macro economist”
    which fits my view

  2. mathman says:

    Here’s some light reading for you to laugh over:

    http://arctic-news.blogspot.com/p/global-extinction-within-one-human.html

    Global Extinction within one Human Lifetime as a Result of a Spreading Atmospheric Arctic Methane Heat wave and Surface Firestorm

    Abstract

    “Although the sudden high rate Arctic methane increase at Svalbard in late 2010 data set applies to only a short time interval, similar sudden methane concentration peaks also occur at Barrow point and the effects of a major methane build-up has been observed using all the major scientific observation systems. Giant fountains/torches/plumes of methane entering the atmosphere up to 1 km across have been seen on the East Siberian Shelf. This methane eruption data is so consistent and aerially extensive that when combined with methane gas warming potentials, Permian extinction event temperatures and methane lifetime data it paints a frightening picture of the beginning of the now uncontrollable global warming induced destabilization of the subsea Arctic methane hydrates on the shelf and slope which started in late 2010. This process of methane release will accelerate exponentially, release huge quantities of methane into the atmosphere and lead to the demise of all life on earth before the middle of this century.”

  3. Bob A says:

    http://www.engadget.com/2012/04/26/amazon-q1-2012-earnings-net-income-down-sales/

    …android tablets are alive and well and do pretty much everything the ipad does (if not more)
    for half the price (apps cost less too). is reading the NYT or WSJ really that much better on an $800 ipad than on a $200 or 400 android tablet? really???

  4. Jojo says:

    Bloomberg View: Raise the Minimum Wage
    Posted on April 19, 2012

    Congress last approved an increase to the minimum wage in 2007, raising it in stages up to $7.25 an hour in 2009, or $15,080 a year. Adjusted for inflation, that amount is lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the chance to climb out of poverty, let alone afford basic goods and services.

    About 10 states are now considering raising the rate, and Senator Tom Harkin, an Iowa Democrat, is proposing to increase the federal rate in three increments to $9.80 an hour in 2014. Many of the initiatives under consideration would smartly tie the minimum wage to the cost of living, meaning that those workers’ wages would finally keep up with inflation.

    A low-wage bias is creeping into the economy, as Bloomberg economist Joseph Brusuelas recently put it. In many cases, minimum-wage work is all that’s available, which may explain why such workers are older and better-educated than they were three decades ago. In 2010 nearly 44 percent of minimum-wage workers had either attended or graduated from college, up from 25.2 percent in 1979, according to the Center for Economic and Policy Research, a liberal think tank.

    Raising the minimum wage won’t entirely solve the problem of anemic incomes, but it would help. Economists have long found that boosting the minimum wage can raise income levels for those earning just above the minimum. Employers, seeking to protect “wage ladders,” often bump up salaries for slightly higher-paid employees, too. This is one of many reasons that critics, including business groups like the U.S. Chamber of Commerce, the National Restaurant Association, and many Republicans, oppose minimum-wage increases. They point to studies that have found the increases hurt teenagers, because young workers typically get minimum-wage jobs, which become scarce if employers cut jobs to compensate for raising salaries.

    A wave of new economic research that looks at micro-level employment patterns disproves those arguments.

    http://www.businessweek.com/printer/articles/20992-bloomberg-view-raise-the-minimum-wage

  5. Joe Friday says:

    Yet another housing bottom/turnaround call during a report on tonight’s CBS Evening News.

    Somebody’s gonna turn this into a drinking game.

  6. Tezzer says:

    My evening reading- an entry-level overview of HFT
    “A High Frequency Trader’s Apology, Pts 1 and 2″

    http://www.chrisstucchio.com/blog/2012/hft_apology.html

    http://www.chrisstucchio.com/blog/2012/hft_apology2.html

  7. cthwaites says:

    Martin Gilbert, Life of Churhill, vol 5

    Meetings w Churchill, Keynes and Norman, March 1925 re return to gold standard. Change a few phrases and its eerily similar to today.

  8. patfla says:

    I was re-reading this for maybe the 3rd time

    http://www.nobelprize.org/nobel_prizes/chemistry/laureates/1977/prigogine-lecture.html

    Ilya Prigogine’s Nobel Lecture – Chemistry 1977.

    Prigogine didn’t invent the name “complexity theory” but he has to be one of its progenitors. I don’t think though that you’re going to read about him in a James Gleick book (I could be wrong and should probably use the web to double check).

    Basically complex structure in the universe auto-generates or whatever from far-out-of-equilibrium systems. Or, as his most popular book puts it: “Order Out of Chaos.”

    The possibility that entropy is key to the rise of structure in the universe is, um, surprising.

    The lecture, as best I understand it, is somewhat intellectually heteroclite which is part of its appeal.

  9. laBear says:

    http://www.economicpolicyjournal.com/2012/04/my-speech-delivered-at-new-york-federal.html

    My Speech Delivered at the New York Federal Reserve Bank

    Speech given before lunch at NY Fed calls for abolishment of fed…big cajones!