My morning reads:

• Tim Cook’s Freshman Year: The Apple CEO Speaks (Businessweek)
• Deutsche hid up to $12bn losses, say staff (FT Alphaville)
• China and the U.S., Capitalism’s Odd Couple (Bloomberg)
• Tax the Traders! It Would Solve Economic Crisis and Stop Reckless Trading. (Slate)
• The Infrastructure Cliff: Why the U.S. Desperately Needs a $2.5 Trillion Upgrade (The Atlantic)
• Republicans wave the white flag (The Washington Post) see also Obama Lesson on Debt Talks Is Standing Firm on Tax Rates (Bloomberg)
• Chevy Volt drivers top 100 million miles driven (Christian Science Monitor)
• Why New York’s Transit System Fared So Well During Sandy (The Atlantic Cities)
• Twitter’s Fight With Instagram (Wired)
• Is there some secret iMac assembly plant in the US? (9To5Mac)

What are you reading?


Fund Managers Lift Results With Timely Trading Sprees

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.

10 Responses to “10 Thursday AM Weeks”

  1. DSS10 says:

    Grover Norquist’s Dirty Little Secret:

    “Norquist has already articulated a flexible standard for those who want to play with wolves but stay in the fold. As long as Republicans don’t have their “fingerprints on the murder weapon” — that is, as long as they aren’t the architects of any plan for new taxes — he will judge them to have kept their pledge. They would then be free to “run against the Obama tax hike” without Norquistian interference in 2014.

    That argues for a New Year’s Eve scenario whereby the Bush tax cuts expire and are then restored — fully for the middle class and partially for the wealthy — moments after the champagne corks are popped. Republicans can say they delivered a tax cut to everyone, including the top 2 percent, and Obama and the Democrats can say they cut taxes for the middle class and raised them on the wealthy.

    In other words, everyone gets what he needs. Especially Grover Norquist.”

  2. Oral Hazard says:

    Cool conversation between a couple of heavy-hitters, Daniel Kahneman (Nobel laureate) and Philip Tetlock of UPenn, about a study Tetlock is conducting on human’s ability to forecast and whether they can learn to be better forecasters.

  3. willid3 says:

    i actually have a Volt. we got it back in April. we might have bought 4 or 5 tanks of gas since (and that tanks isn’t really big, about 8 gallons) . mostly when we took it on a trip. around home the only time the engine runs is when it has to to keep the engine from freezing up

  4. rd says:

    Geithner-Obama vs Boehner on the top rate of ordinary income is the biggest politcal smoke screen fight this town has seen in years.

    The real money for the top 2% is in the capital gains and dividends 15% rates, as well as the carried interest loophole for performance fees. Mitt Romney didn’t pay 13.8% taxes last year because the marginal on ordinary income hadn’t risen to 39.6%. He paid 13.8% because he had been able to convert his fee income from ordinary income into capital gains through the carried interest loophole and then was taxed at the outrageously low 15% capital gains rate. Right now, working for a living is taxed at over double the rate of not working for a living.

    The fight shouldn’t be over the tax rates on ordinary income – the Bush tax rates on ordinary income are high enough for the time being (may need to rise in the future if both the Republicans and Democrats can’t control their deficit spending). It should be over raising the capital gains rate and dividend rate up to 25% or higher(with the option of using the ordinary income marginal rate if lower). These guys know this. It is all political theater.

  5. VennData says:

    DeMint to leave Senate.

    Walking away like Palin, like Armey. No place for them in Boehner’s party of compromise and consensus.

  6. willid3 says:

    the best explanation of the ‘fiscal’ cliff

  7. • Is there some secret iMac assembly plant in the US? (9To5Mac)

    Apple’s CEO to Bring Production Back to US

    Cook said one line of Mac computers will be made exclusively in the United States, but did not say which one, nor did he say where the manufacturing would be done.

    Dec. 6, 2012 | 9:36am — Agence France-Presse

    NEW YORK –Apple (IW 500/9) plans to bring some manufacturing of its computers from China to the United States next year, chief executive Tim Cook said, in a move which may help spark more domestic high-tech production.

    Cook, in two interviews released Thursday, said one line of Mac computers will be made exclusively in the United States, but did not say which one, nor did he say where the manufacturing would be done.

    The interviews with NBC News, to air later Thursday, and with Bloomberg Businessweek, were the first since Cook took the reins at Apple from Steve Jobs, who died last year from cancer.

    “Next year we’re going to bring some production to the U.S.,” Cook told Businessweek.

    “This doesn’t mean that Apple will do it ourselves, but we’ll be working with people and we’ll be investing our money.”

    Cook told NBC one of the existing Mac lines will be manufactured exclusively in the United States, which appeared to confirm rumors on some Apple-monitoring blogs saying people had seen iMacs inscribed with “Assembled in USA.”

    “We’ve been working for years on doing more and more in the United States,” Cook told NBC….”

  8. willid3 says:

    jobs are just so over ratted according a billionaire