Getting ready to travel for Thanksgiving? Here are some reads to keep you busy

• China Stocks’ Triangle Break Signals Losses: Technical Analysis (Bloomberg)
• Hewlett’s Loss: A Folly Unfolds, by the Numbers (DealBook) see also Lynch as Britain’s Bill Gates Under Attack From HP (Bloomberg)
• Early Dividend for Wal-Mart Is Latest Move in Tax Tactics (NYT)
• Ireland’s Recovery Is the Exception as Europe Falters (Barron’s) see also Europe Fails to Seal Greek Debt-Cut Deal in IMF Clash (Bloomberg)
• Shadow Banking Grows to $67 Trillion Industry, Regulators Say (Bloomberg)
• The Case for Breaking Up the Big Banks (The Fiscal Times) see also Ask A Banker: Are The Banks Still Too Big To Fail? (NPR)
• The Future Question for Storm Victims: Can the Past Be Rebuilt? (WSJ)
• Windows 8 — Disappointing Usability for Both Novice and Power Users (Useit.com) see also Exclusive: Internal Videos Show Why the Microsoft Kin Cratered (Wired)
Todays WTF Headline: Republican-Heavy Counties Eat Up Most Food-Stamp Growth (Bloomberg) see also The Confederacy of Takers (Washington Post)
Life on Mars? Organic molecules are interesting but… (MainlyMartian)

What are you reading?

 

Dow priced in gold

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Source: Chart of the Day

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.

17 Responses to “10 Mid-Week AM Reads”

  1. rekesk says:

    http://www.nakedcapitalism.com/2012/11/the-giant-lie-trotted-out-by-fiscal-conservatives-trying-to-shred-social-security.html

    “Trying to convince the public to cut America’s best-loved and most successful program requires a lot of creativity and persistence. Social Security is fiscally fit, prudently managed and does not add to the deficit because by law it must be completely detached from the federal operating budget. Obviously, it is needed more than ever in a time of increasing job insecurity and disappearing pensions. It helps our economy thrive and boosts the productivity of working Americans. And yet the sharks are in a frenzy to shred it in the upcoming “fiscal cliff” discussions.

    The most popular red herring Social Security hustlers have unleashed into the waters of public discourse has grown into such a massive whale of a lie that liberals frequently subscribe to it. The idea goes like this: We need to somehow “fix” Social Security because people are living longer – “fix” in this context being code for “cut.” Two groups stand to benefit in the short-term from such a scheme: the greedy rich, who do not want to pay their share in taxes, and financiers, who want to move towards privatizing retirement accounts so they can collect fees. As for the masses of hard-working people who have rightfully earned their retirement, the only “fix” is the fix they will be in if already modest benefits are further reduced.”

  2. Bob A says:

    The one good thing about windows 8 is…
    I’ll get back to you on that

  3. Moss says:

    Ah those dark pools and algos. In effect the tools that allow insider traders the ‘cover’ for illicit profits.
    Efficient indeed for those who cheat and steal as a general business practice.

    Reminds me of the Taleb Nassim turkey analogy.

    http://www.businessweek.com/news/2012-11-21/martoma-fund-used-dark-pool-to-keep-inside-trade-quiet-sec-says

  4. theexpertisin says:

    The early dividends portrayed as purely a tax avoidance tactic in the NYT piece above is true from the author’s perspective. However….

    I applaud corporations that are putting their shareholders ahead of feeding the federal beast. Corporations that do not treat shareholders with efforts to maximize total return on investment are not being responsible entities.

    Everyone has the obligation to pay taxes, but not one penny more than required.

  5. Mike in Nola says:

    @theexpertisin:

    I think when you say “corporations” like they are some philanthropic organizations concerned about their middle class shareholders, you obscure the point that dividends are being voted by the rich guys like Steve Wynn or the Waltons who control the corporations and would rather burn the money than see it go to the evil federal government where it might make it’s way into the hands of the 47% leechers.

  6. miker says:

    So, Republican-Heavy Counties Eat Up Most Food-Stamp Growth, and Fox news host Andrea Tantaros mocks them…. http://www.rawstory.com/rs/2012/11/21/fox-news-host-mocks-food-stamps-do-you-know-how-fabulous-id-look-id-be-so-skinny/

  7. rd says:

    Re WTF Headline:

    The food stamp recipients in the Republican counties probably believe that food stamps, along with Medicare and Medicaid, are private industry programs that government needs to stay out of.

  8. Mike in Nola says:

    @rd:

    Still remember a statement by an aged relative during the Obamacare debate in Congress: “I don’t want the federal government controlling my health care.”

  9. kukiniloa says:

    Regarding the bad mergers, it seems like there is a type of company, e.g. Alcatel-Lucent, who are too focused on technologies that become cheap and easy for smaller providers to achieve, as is the case with IP telephony. There’s probably a technical term for this trend.

  10. eliz says:

    Hang on to your copies of Windows 7. The lack of common sense from Microsoft executives is demonstrated once again with Windows 8. Regardless of how individuals take to it, it should be a “big skip” (like Vista) for intelligent organizations. Having spent some time at “the evil empire” (primarily a marketing machine with overt contempt for their retail and small business customers), I am not surprised with the “insanity” of Windows 8.

  11. willid3 says:

    well its been noticed every even number release of windows has problems. of course Mr SOFTEE didnt number all of them. but you can figure what number it was any way

  12. Mike in Nola says:

    willid3: Maybe Win8 will be a flop like Vista and only sell 300 millions copies :)

    XP was widely criticized but MSFT is still trying to get business users to upgrade to Windows 7. There is no expectation that businesses will adopt 8 so MSFT wasn’t particularly concerned about business adoption, although there are many enterprise friendly features, esp. with mobile devices that can be managed through the enterprise network and will eventually be a big selling point as businesses go mobile.

    As to your observation, the big advances come with new features and bugs that are criticized and fixed later. For example, the widely liked and most popular version of Windows was 7 which was not much more than a service pack to Vista. The stuff under the hood was about the same but the interface was polished and it was made to run faster with some optimization. That’s why Sinofsky is less a superman than his reputation or his megalomania indicates Analogously, Windows 8 is a v1.0 but has lots of new technologies and will be the basis for Windows for a much of the next decade whether 8 is received well or not..