My afternoon Baltic reads:

• Behold, the British establishment, panicked (BBC News) see also Libor, the universe and everything (
• BRICs Priced for Economic Meltdown (Bloomberg)
• We must inject some capitalism into banks (Telegraph) see also Barclays libor scandal: lock ‘em up  (Telegraph)
• How Wall Street Scams Counties Into Bankruptcy (Bloomberg)
• 10 explosive bubbles that will kill capitalism (Market Watch)
• Rich Guys Facing Jail Time Can Still Win a Break (Bloomberg but see also Poor Land in Jail as Companies Add Huge Fees for Probation (NYT)
• How To Track Fluctuating Prices (Maximizing Money)
• Roberts switched views to uphold health care law (CBS News)
You’re Addicted to What? (The Humanist)
• Physicists Find Elusive Particle Seen as Key to Universe (NYT)

What are you reading?


Why Health-Spending Trend Matters

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.

13 Responses to “10 Thursday PM Reads”

  1. willid3 says:

    sipc isn’t on your side. and unlike the fdic, wont help you at all

  2. willid3 says:

    Barclays still doesn’t see a problem. maybe its time banksters get new glasses?

  3. MidlifeNocrisis says:

    Yep. Someone needs to figure out a way to keep healthcare expenses from growing over and above inflation. Preferably growth less than inflation.

  4. stevesliva says:

    Do you really find Paul Farrell’s listicles worth reading?

  5. AndrewBW says:

    These days I try to limit my reading to “Uncle Wiggly,” “Homer Price,” and “Chicken Soup With Rice.” I find it’s much better for my mental health.

  6. leeward says:

    with much at stake, they throw the dead guys under the bus
    but it really is worth watching the Thirteen video done a while back to appreciate how in the age of computerized flight systems/data changed the most fundamental challenge of flying into what happened.

  7. Mike in Nola says:

    Something else for Rick Perry to brag about: Texas is last in health care. I’m sure he’ll blame it on biased studies.

    My experience after a few serious bouts over the past few years is that, if you have good insurance, there’s no better place to be sick than in Houston.

    If you don’t have health insurance, you’re screwed. Go elsewhere, maybe Louisiana where they still have the remnants of the Huey Long’s Charity Hospital system (if Prasesh Jindal hasn’t dismantled it yet) that will treat those who don’t have, or can’t get, insurance but don’t qualify for medicaid.

  8. ottnott says:

    Re: “How To Track Fluctuating Prices”

    I was thrilled to learn about the price tracking service, but I’ve tried it out and give it only a B- grade.

    I’ve manually tracked prices of some items at Amazon for several years (especially classics like Legos and Nerf guns). It is remarkable how often prices change (often multiple times per day) and how much they can change. Price tracking can really be worth it if you can track long enough to recognize if prices are near the high or low end of the range. You need to spot breakthrough lows quickly, as they might last only a few hours to a few days.

    camelcamelcamel’s price graphs supposedly allow one to view historical ranges/spikes/dips for countless products by simply installing a browser extension and clicking an icon. That would be heaven, but I found that the precision of the results was much less than I’d like. The graphs didn’t pick up some of the fluctuations I had seen in my own tracking, and often didn’t match current prices on items.

    One important weakness was an apparent inability to account for shipping costs. Even for small, light items, those costs might range from $0 to $20. Many Amazon vendors have a business model of offering cut-rate prices combined with exorbitant shipping charges. On the plus side, the price graph includes two lines – one for prices offered directly by Amazon and one for prices from 3rd-party vendors. The direct-from-Amazon prices almost always qualify for free shipping if you have Amazon Prime or if you order$25 or more directly from Amazon.

    The failure to pick up some known price fluctuations might be a function of their price-sampling frequency – I haven’t looked into how they obtain the data for their graphs.

    A simple way to see price updates is to leave items in your cart. Each time you view the cart, price and availability changes will appear.

  9. rktbrkr says:

    Amazon has become more like Ebay and Ebay has become more like Amazon – we’ve become a nation of rug merchants but now we haggle electronically. I’ve noticed that Walmart and Sams club very often don’t show their local store prices, they don’t want price comparability.

    True Car used to have an excellent service but they dumbed it down after merchant complaints, they used to provide real actual best prices at 3 localish dealers and I could watch the price spirals downward as the 3 best undercut each other. I knew that wouldn’t last -and it didn’t. Car dealers are still the worst animals out there in the jungle, they’re always inventing new games like nitrogen filled tires on an economy car and supplemental warranty on 100K Hyundai. A Hyundai dealer was hot to sell me a car which had a second sticker loaded with shit like floor mats, nitrogen etc, I told him “I don’t do second stickers”, he said “what do you mean” and I pointed to the second sticker and said “no” – and his head slumped down and he left me alone – it was empowering! I’ve noticed in dealer storage lots that second stickers are the first thing put on the cars – even before the worthless crap listed on the sticker.

    Steecos has excellent prices for NYC metro kitchen type appliances, don’t collect sales tax in jersey or CT, beat Loews by 20%.

  10. mathman says:

    they keep making drones smaller and smaller:

  11. Wexler says:

    “Atomos” once meant “indivisible”…E8 Dude, E8…

  12. Jim67545 says:

    Health care increases: is the law of large numbers taking over?