My afternoon train reading:

• Investors Prepare for Euro Collapse (Spiegel Online)
• China’s neo-capitalism beating U.S. free markets (Market Watch)
• Down With Shareholder Value (NYT)
• A Market Recovery False Dawn (Bloomberg)
• Dividends Matter!: Part 754. (WSJ)
• Money Market Funds Can Lose Money, Just Not Your Money (Dealbreaker) see also Breaking a Buck, Maybe, but Not Taxpayers’ Backs (NYT)
• World shipping crisis threatens German dominance as Greeks win long game (Telegraph)
• The Ryan Pick: Why Romney Changed to Obama’s Game (New York Mag) see also Romney’s Taxes + Ryan’s Budget = Democratic Delight (Bloomberg)
• Developers dish on iCloud’s challenges (Mac World)
•  2012 Presidential Election Fundraising Race (OpenSecrets)

What are you reading?


Euro Zone Economy Shrinks, Darkening Outlook


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.

16 Responses to “10 Tuesday PM Reads”

  1. machinehead says:

    Paul Farrell: ‘In a brutal war for “one-party” control, conservatives fight for total control of the government and a rebirth of the extreme free-market capitalism of Ayn Rand and her disciple Paul Ryan.’

    Wow, caricaturize much?

    Why does this partisan clown write just like Kurgman?

    Doesn’t Farrell realize that he could collect a free Nobel prize with an extra order of shrimp tacos?

  2. Singmaster says:

    University of California has donated $411,386 to Obama?

  3. Singmaster says:

    my bad.
    These tables list the top donors to these candidates in the 2012 election cycle. The organizations themselves did not donate , rather the money came from the organizations’ PACs, their individual members or employees or owners, and those individuals’ immediate families. Organization totals include subsidiaries and affiliates.

    And look at the banks. Wheew. They abandoned O while health loves him. And military loved Paul.

  4. swag says:

    Kaspersky pleads for crypto help to probe Gauss malware

    “The payload is one of the unknowns of Gauss, a sophisticated spying tool uncovered by Kaspersky last week. According to researchers, Gauss monitors financial transactions with Middle Eastern banks and was built by or backed by one or more governments.”

  5. James Cameron says:

    Was it only two weeks ago when this case was being highlighted because, finally, they were going after the crooks?

    Standard Chartered settles Iran money laundering case with NY for $340M, pledges reforms

  6. Bob A says:

    Paul Ryan Voted ‘Biggest Brown-Noser In High School’: Should Mitt Romney Watch His Behind?

    (everybody should watch their behinds)

  7. Oral Hazard says:

    Standard Chartered just settled for $340 mil

  8. DrSandman says:

    Read the Farrell article’s first paragraph. The old fool still thinks that China’s fiscal numbers from the state propaganda organs are to be believed. I don’t know if that’s naivete or if that’s intentional dishonesty, but the guy should go back to his prune juice and yelling at the kids on his lawn.

    Just hopelessly out of touch…. wow.

    He actually thinks DC is a one-party town? Bwa-ha ha ha. There’s the fascists who covet complete control; there’s the banksters; there’s the establishment class; and there’s the idealistic, libertarian-leaning freedom loving conservatives. That’s 4 parties right there, and they (mostly) cross D/R party lines.

    Long live gridlock, lest any of these fools get complete control of the leviathan.

  9. perra says:

    Tobacco plain packaging: cigarette companies lose Australian court case

    Victory for government will force manufacturers to remove branding and sell tobacco products in generic green packets

  10. Jojo says:

    Not only are stores moving to individual prices for each shopper, but I know that Safeway has different prices in the same week for different stores. For instance in one store, cherries were $1.99/lb. In a store a few miles away, they were $2.99/lb. If all stores move to individual pricing, it will throw a wrench in internet comparison engines.
    August 9, 2012
    Shopper Alert: Price May Drop for You Alone

    It used to be that with dedication and a good pair of scissors, one grocery shopper could get the same coupons — and cheap prices — as another.

    Now going to the grocery store is becoming a lot less egalitarian.

    At a Safeway in Denver, a 24-pack of Refreshe bottled water costs $2.71 for Jennie Sanford, a project manager. For Emily Vanek, a blogger, the price is $3.69.

    The difference? The vast shopping data Safeway maintains on both women through its loyalty card program. Ms. Sanford has a history of buying Refreshe brand products, but not its bottled water, while Ms. Vanek, a Smartwater partisan, said she was unlikely to try Refreshe.

    So Ms. Sanford gets the nudge to put another Refreshe product into her grocery cart, with the hope that she will keep buying it, and increase the company’s sales of bottled water. A Safeway Web site shows her the lower price, which is applied when she swipes her loyalty card at checkout.

    Safeway added the personal-ization program to its stores this summer. For now, it is creating personalized offers, but it says it has the capability to adjust prices based on shoppers’ habits and may add that feature.

  11. DiggidyDan says:

    Chinese locals spooked out of their own equities as foreign funds pile in:

    Who’s the “dumb money” on this trade?

  12. Biffah Bacon says:

    Farrell misses a few things on the Chinese side that could prove critical in the future. China’s command economy still operates under threat of state violence; however, this is starting to crack as the peasantry begins to demand more back from corrupt Chinese communist nomenklatura types. Second there is a demographic issue stemming from the one child policy that leaves a surplus of males to females and an overhang of older parents. Next up is the cost of Chinese labor is increasing sufficiently that Foxconn is planning to increase automation where feasible on its manufacturing lines. It will be odd to hear communist party members complaining about high labor costs, won’t it?
    @Machinehead I would suggest that if multiple independent sources are saying the same thing it is perhaps worth further investigation; at least one might learn something, make some money, avoid some pain. It wouldn’t be the first right wing effort to overthrow democracy in America by any stretch.

  13. [...] – Further, further reading. [...]

  14. WhyDoYouSayThat says:

    I don’t understand why Farrell gets so much love in these links.

    “Yes, the communist party has invented its own hybrid ‘state-capitalism.’ Now China’s winning”

    $8,400 GDP per capita is “winning”? Congrats, that’s where the US was in about 1930 (in today’s dollars). Look, China is so close to the bottom, that of course they are experiencing fast growth by simply opening up their economy a bit. Also, when China grows fast, they are “winning” in some sense, but that certainly doesn’t mean that the US is losing. If the US share of global GDP lowers because other countries are growing out of their 3rd world status, that’s great for everyone. That’s a wealthier planet.