My morning reads:

• High-Frequency Trading Prospers at Expense of Everyone (Bloomberg)
• Alpha, Beta, and Now … Gamma (Morningstar) see also Don’t Mistake Investing Folklore for Personalized Advice (Bucks)
• Mr. Incompetent, the Economy Wrecker Alan Greenspan, Was Central to the Formation of the Campaign to Fix the Debt (CEPR)
• Distressed Bets Paying Off (WSJ) see also ‘Shadow’ Overhyped as Housing Threat (WSJ)
• Central Banks Can Phase in Nominal GDP Targets without Losing the Inflation Anchor (Jeff Frankels Weblog)
• Google Apps Challenging Microsoft in Business (NYT)
• For Republicans, it’s not about deficit reduction (Wonkblog) see also Weird Turn On Fiscal Cliff: GOP Plan Would Hike Taxes On Working Class So High-Income People Can Pay Less (Forbes)
WTF? David Koch Now Taking Aim at Hurricane Sandy Victims (The Nation)
• How does a traffic cop ticket a driverless car? (New Scientist) see also Google Designing ‘X Phone’ to Rival Apple, Samsung (WSJ)
• Rhinos and elephants: the secret lives of Africa’s giants (BBC Nature)

What are you reading?


Apple vs. Google vs. Facebook vs. Amazon

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.

12 Responses to “10 Wednesday AM Reads”

  1. Iamthe50percent says:

    ” Weird Turn On Fiscal Cliff: GOP Plan Would Hike Taxes On Working Class So High-Income People Can Pay Less ”

    That’s not a weird turn, that’s S.O.P.

  2. RW says:

    Missing The Big Japan Story by Tim Duy (ht MT)

    …Japan might very well be heading toward the end-game of permanent zero interest rate policy: Explicit monetizing of deficit spending. That is the real story here – it goes far beyond just inflation targeting. …

    FreedomWorks tea party group nearly falls apart in fight between old and new guard

    Short version: Dick Armey stages armed coup, gets paid $8 million ransom. Possibly as a courtesy to a former House Majority Leader, gun assault and extortion laws were apparently suspended for the six days it took to complete the transaction.

  3. Mike in Nola says:

    A good point on how the mass media are becoming propaganda conduits in the tech world also. Why work are reporting when someone will write it for you:
    Is Eric Schmidt leading Google over a cliff?

  4. Mike in Nola says:

    An interesting tech tidbit that Ballmer wished he had known about a year ago. Turns out it wasn’t necessary to build a castrated version of Windows to put on tablets. I’ve read that the new Windows 8 Clovertrail tablets were getting surprisingly good battery life (~10 hours), but was skeptical. Apparently they do. You won’t want to run Photoshop on them, but you can run most all of your ordinary Windows apps and get all day battery life.

  5. James Cameron says:

    Ship of fools – scary.


    Then Hassett pivoted to the liberal media. “I actually think that Goebbels was more critical of Hitler than the New York Times is of Obama,” said Hassett, tucking into a piece of strudel. “I was in the middle of the fight against the propaganda, and I have stories like you wouldn’t believe. These people are so evil. They’re basically Fascists. It’s unbelievable.”

    That’s Kevin Hassett, co-author of “Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market.” That was in 1999, when the market was already clearly in bubble mode. The book is listed as non-fiction.

    In addition to that really inane comment above, Hassett offers market advice to fellow ship guests.

    Indeed, ship of fools. Good catch.

  6. James Cameron says:

    Oh, and this:

    “Richard K. Armey, the group’s chairman and a former House majority leader, walked into the group’s Capitol Hill offices with his wife, Susan, and an aide holstering a handgun at his waist. The aim was to seize control of the group and expel Armey’s enemies: The gun-wielding assistant escorted FreedomWorks’ top two employees off the premises, while Armey suspended several others who broke down in sobs at the news.”

    FreedomWorks tea party group nearly falls apart in fight between old and new guard

  7. Jack Damn says:

    - The Hundred Best Lists of All Time

    A list of lists. Here are the top five:

    5. Diagnostic and Statistical Manual of Mental Disorders

    4. The 10 Commandments

    3. Craigslist

    2. The Bill of Rights

    1. The Periodic Table of Elements

  8. Bob is still unemployed   says:

    One of the concerns I keep hearing about for Google Apps is that a lot of companies are still concerned about putting their data in the cloud and out of their direct control.

    I think a nice addition to Google apps would be for Google to sell Google Apps server software that works just like Google Apps in the cloud, but the server portion resides in the company’s data center.

    It would ease software management, as there would not need to be an install of office software on each user’s computer. The users would use a web browser to use Google Apps, the only difference would be that the URL for Google Apps points to a server in the company’s data center and not to a server in Google’s data center.

  9. Mike in Nola says:

    Bob: What you are describing is Windows Server 2012 which can do both a MSFT Cloud, a third party cloud, or an enterprise private cloud where the info doesn’t leave the company. Everyone thinks MSFT is somehow behind the curve in that area when it has been in front. The problem with Google is that they are trying to compete with a multifaceted company using a single model.

    Additionally, Google apps are no longer free to new customers and the pay versions are pretty pale versions and not much cheaper than the cloud apps you can get from MSFT. See