My afternoon train reading:

Felix Salmon: Charts of the day, equity volume edition (Reuters)
• How we read, not what we read, may be contributing to our information overload (Nieman Journalism Lab)
• How Political Campaign Spending Brought Down the Roman Republic (Slate)
Cate Long: Sallie Krawcheck should not run the SEC (Reuters)
• Two Interesting Pieces About Real Estate Economics (Green Economics) see also Empty Quarter: Boston’s Financial District is hollowing out. That’s a big problem—but may also be an opportunity. (Boston Magazine)
Jesse Eisinger: New Financial Overseer Looks for Advice in All the Wrong Places (ProPublica)
• Where even the earth is melting (SMH) see also The Glacier National Park may soon have to change its name: How global warming has taken its toll on America’s wilderness (Daily Mail)
• Is Our Debt Burden Really $100 Trillion? (The Atlantic)
• Human Evolution Enters an Exciting New Phase (Wired)
• Even Newt Gingrich knows the “fiscal cliff” is a scam (Digbys Blog) see also Fiscal Cliff Showing Many GOP Budget Beliefs To Be Myths (Capital Gains and Games)

What are you reading?


An undemanding recovery

Source: The Economist

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 Thursday PM Reads”

  1. VennData says:

    Third-Quarter GDP Growth Revised Upward to 2.7%

    LIES! Know why they’re lying now? Impeachphobia. Secessionphobia. Bengazigate. I’d go on, but you can only fit so much corruption onto one tweet.

    – Jack Welch

  2. ellwood2011 says:

    What I am reading is this amazing short review by Deidre McCloskey of Richard Sandel’s book, “What Money Can’t Buy”

  3. 4whatitsworth says:

    Remember when the .com revolution changed everything check out the chart begining in Y2K?

    Corporate Profits Vs. Total Wages

  4. Jack Damn says:

    You probably already posted this, but I’m just reading it now:

    President Barack Obama made an opening bid in budget talks with Republicans that calls for a $1.6 trillion tax increase, a $50 billion economic-stimulus program and new power to raise the federal debt limit without congressional approval, a broad set of demands Republicans viewed as a step back in talks to avoid looming tax increases and spending cuts.

    [The presidents' proposal] also calls for increasing tax rates on incomes over $250,000, a one-year postponement of looming spending cuts in defense and domestic programs, and some $400 billion in savings over 10 years from Medicare and other entitlement programs.


  5. VennData says:

    Strauss-Kahn Said to Reach Deal to Settle With Hotel Housekeeper

    The deal is: Strauss Kahn gets to avoid the top seventy-five percent marginal rate, she has to pay her all of her health care and he gets to do her one more time.

  6. 873450 says:

    Skyrocketing flood insurance and construction costs will push middle class away from coastal areas.

  7. metphd23 says:

    On a lighter note…Viewing rather than reading…Flex Mex…geometry with your food.

  8. vachon says:

    I’m reading about China’s dubious local loans:

    Indebted Dragon
    The Risky Strategy Behind China’s Construction Economy

    Does anyone have a link to the`”leaked” report from yesterday about the criminality found at Kabul Bank?

  9. algernon says:

    The Atlantic article is remiss in not acknowledging that $86 trillion is the PRESENT VALUE of the unfunded liabilities.

    And that it is seriously understated because we presently have artificially very low interest rates–as in negative real rates. When market rates re-assert themselves in the fullness of time, the costs of debt will explode.


    BR: Sadly, no. You seemed to have missed the entire point of that article.

  10. rd says:

    Regarding climate change:

    This wweb-page is a very interesting compendium of the research in how the vegetation in North america changed over the past 30,000 years as the continental glaciation peaked and then receded into today’s condition.

    Soem of the climate change debate is classic recency bias where the most recent conditions are assumed to be normal or optimum. In reality, the “average” or “normal” condition for the past million years in North America would have two miles of ice sitting on most of Canada and a significant chunk of the northern US. Much of the mid-west would be tundra, the south-west had a temperate climate and our current north-east forests were limited to the south-east. The oceans would be 200 to 400 feet lower than today. We are currently in what is termed an “inter-glacial” period where anthropogenic global warming has the potential to break the cycle of new continental glaciation restarting for the first time in over 1 million years.

    Our real focus needs to be on designing and building resilient societies and infrastructure so that we can survive whatever Mother Nature sends us over the next century. Hurricane Sandy is just another example of how we are locking fragile and brittle systems into place that can’t resist events that have occurred in the past, nevermind what might come in the future.