Some Sunday morning brunch reading:

• In This Sell-Off, No One Pressed the Panic Button (NYT)
• Who killed the Twinkie? (MarketWatch)
• Why the Odds Are So Great Against RIM and Nokia  (Barron’s)
• Soros Buying Gold as Record Prices Seen on Stimulus (Bloomberg)
• Don’t Bank on Retail Stocks Now, But Later… (MarketBeat)
• After Silicon Valley, Tel Aviv Ranks Best for Tech Startups (Bloomberg)
• Globalism goes backward (Fortunesee also Disaster capitalism doesn’t work (Salon)
• Mary Miller vs. Neil Barofsky For The S.E.C (Baseline Scenario)
• Greg Kyte on Your New Tax Rates (The Reformed Broker)
• How Partisans Fool Themselves Into Believing Their Own Spin (The Atlanticsee also Asian-Americans and the Politics of Fairness (Bloomberg)

Whatcha eatin’ for Sunday Brunch?

 

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Is it Value’s Turn to Shine?

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.

16 Responses to “10 Sunday Reads”

  1. call me ahab says:

    “Last year, for the first time, sales of adult diapers in Japan exceeded those for babies”

    h/t – Tyler Cowen’s Marginal Revolution

    another interesting nugget from the linked article:

    In 1989, Tokyo-listed shares represented nearly half the planet’s equity value, while the land beneath the city’s royal palace was worth more than all of California

    nothing like a RE bust and demographic nightmare to keep a country shuffling along in the world

  2. call me ahab says:

    BR’s QOTD is priceless:

    “Capitalism without failure is like religion without sin—it just doesn’t work.”

  3. Mike in Nola says:

    The fine distinctions between wind and flood damage.

    http://www.nydailynews.com/new-york/insurers-sandy-victims-covered-hurricanes-floods-article-1.1206785

    This was a huge issue after Katrina since much of the damage was caused by water coming in after levees collapsed. Actual wind damage was not all that great in most areas, other than most everyone needing new roofs. Even though the ultimate cause was the winds of the hurricane pushing the water up against the levees, flood damage was not covered by ordinary homeowners insurance, only by federal flood insurance. Many engineering firms made a good living issuing reports about how much damage happened before the water hit.

    Many businesses in the downtown area got caught by this. You figure if you are on the 14th floor you don’t need flood insurance. In fact, there was very little wind damage downtown. But, if the building’s infrastructure in the basement flooded and building couldn’t reopen, tough.

  4. Jim67545 says:

    The Hostess thing illustrates the difficulty in perceiving a corporation as a “person”, as it is legally (and in Citizens United.) A human is motivated by its brain. At best one can say that the Board of Directors is the corporation’s brain yet it is more a representative of the parts. It’s sort of like one’s liver, spleen and heart getting together to run your body.
    In Hostess the parts apparently were working against one another and the corporate “person” died. Had the corporate “person” possessed an actual brain it probably would not have chosen to self destruct.

  5. RW says:

    Skills Don’t Pay the Bills
    There is virtually no structural unemployment, there are mainly employers who are not willing to pay for the skills they demand from employees; in fact they continue to insist on grossly underpaying. Not surprisingly, prospective workers are neither beating down the doors of these employers and are eager to leave at the slightest opportunity. (ht CJ)

  6. call me ahab says:

    last post (scout’s honor)- Bourdain’s observation regarding brunch:

    “Brunch menus are an open invitation to the cost-conscious chef, a dumping ground for the odd bits left over from Friday and Saturday nights. How about hollandaise sauce? Not for me. Bacteria love hollandaise. And nobody I know has ever made hollandaise to order. And how long has that Canadian bacon been festering in the walk-in? Remember, brunch is only served once a week – on the weekends. Cooks hate brunch. Brunch is punishment block for the B-Team cooks, or where the farm team of recent dishwashers learn their chops.”

    and here’s a quote from Bourdain himself that is deserving QOTD:

    “No one understands and appreciates the American Dream of hard work leading to material rewards better than a non-American. ”

  7. Jim67545 says:

    This article is pretty thought provoking:
    http://finance.fortune.cnn.com/2012/11/20/global-economy-backward/

    ~~~

    BR: Yes, that’s why I linked to it!

  8. VennData says:

    “There’s a similar pattern in the House, where 10 of the 24 Democratic Blue Dogs lost, are retiring or, in the case of Rep. Joe Donnelly, R-Ind., are moving to the Senate. That will further slash a centrist group that just a few years ago had more than 50 members, though some new freshmen might join. Among Republicans, moderates like Reps. Judy Biggert of Illinois and New Hampshire’s Charles Bass were defeated … ‘Congress seems to be going in the opposite direction of the country … ,’ said Democratic strategist Phil Singer. …

    http://news.yahoo.com/congress-fewer-moderates-deals-harder-092942465–politics.html

    You can thank GOP 2010 redistricting for that. Of course the GOP media machine won’t tell you that more people voted for Democrats in the House than Republicans, but because of the GOP’s amoeba-like re-districting, there are actually more Republicans in the House. That’s gov’t by the People, right there for you folks.

    Keep those tax cuts for the rich at all costs. Thanks GOP.

  9. trainreq says:

    The Twinkie article should have a warning, contains intellectual nutrition equal to the the dietary nutrition of the confection itself.

  10. metphd23 says:

    Eating an egg white omelet while finishing Joe Romm’s new book, “Language Intelligence: Lessons on Persuasion from Jesus, Shakespeare, Lincoln, and Lady Gaga.”

  11. Jojo says:

    Do Coal Plants Really Kill People?
    Why Romney was right.

    By Amanda Schaffer|Posted Monday, Nov. 19, 2012

    During the presidential campaign, any whiff of anti-coal sentiment was considered an election-year liability. In 2003, Gov. Romney went after a coal plant in Massachusetts for spewing air pollution and announced: “I will not create jobs or hold jobs that kill people. And that plant, that plant kills people.” President Obama tried to stick it to him with that quote in an ad in coal-friendly Ohio. Romney, in turn, tried to bash Obama with remarks that Joe Biden made in 2007 about coal as a potential killer.

    But while politicians have been busy obscuring their views on coal, public health researchers have been accumulating ever clearer data. Emissions from coal-fired power plants and other coal-burning sources have been linked to neurological and developmental deficits in children, a worsening of asthma, and cardiovascular disease and other health woes. Coal-burning is bad, bad, bad for your health–and looking ahead, the best we can hope for is that it will get marginally better.

    http://www.slate.com/articles/health_and_science/coal/2012/11/coal_epidemiology_burning_coal_harms_children_and_worsens_asthma_and_heart.html

  12. Jojo says:

    Every guy’s question :)
    ———–
    Machine Gun Jetpack
    “Is it possible to build a jetpack using downward firing machine guns?”

    –Rob B

    http://what-if.xkcd.com/21/

  13. theexpertisin says:

    In beautiful Wilmington NC, we enjoyed a brunch at one of the local restaurants near Wrightsville Beach.

    Custom omelets (spinach,feta and mushroom for me), fresh steamed seafood with rice or grits, eggs benedict, sausage gravy over toasted homemade bagels, potatoes with sauteed veggies, cheese blintz(s), roasted pork loin, smoked salmon and the fixings w/bagels, croissants, pastries and assorted smoked sausages and pork cuts.

    It was a nice send off for the kids and grand kids as they head home.

  14. S Brennan says:

    On “Skills don’t pay the Bills” with the US corporations and body shops bringing hundreds of thousands of Engineers into the US every year, I actively discourage young impressionable minds from wasting their talents in a profession that is being systematically wiped out by US policy.

    On “Globalism goes backward”; every paragraph sings of revisionist history. The Smoot–Hawley Tariff Act was signed into law on June 17, 1930 and was preceded by a far larger drop in trade…by the numbers, at most Smoot–Hawley Tariff Act accounts for a 6% drop in US trade, with Canada taking the full brunt. It’s sickening the way this pernicious lie keeps being repeated, trade dropped because…wait for it…demand dropped. A similar drop in world trade occurred during the great recession..because…wait for it…demand dropped, not some new regime of tariffs. That noted, China recently convince numerous car companies to build plants in China, by telling them..IN ADVANCE..that they were going to impose a tariff on cars/parts.

    On Coal Plants, they are they are the largest source of radioactivity in the environment and also the largest source of mercury in the environment. Want to hold an anti nuclear protest…go to a coal fired plant.

  15. Moopheus says:

    Whitehouse.gov petition for Barofsky here:

    http://wh.gov/Xn6n