While you wait for the family to wake up, here are some reads to keep you busy:

• Websites Vary Prices, Deals Based on Users’ Information (WSJ)
• Why Malls Are Getting Mauled (Jeff Jordan)
• American Dream Fades for Generation Y Professionals (Bloomberg) see also Another look at US household formation, and why it matters (FT Alphaville)
• The Era Of ‘Macro’ May Finally Be Coming To An End (Business Insider)
• Norway Looks to Spread Wealth to U.S. (WSJ)
• Swaps ‘Armageddon’ Lingers as New Rules Concentrate Risk (Bloomberg)
• No Sales Pop for a New Version of Windows (NYT)
• Restless Genes (National Geographic) see also The End of the Map (WSJ)
• How can Republicans change their minds? (The Economist)
• The real Brothers Grimm were stranger than fiction (The Christian Science Monitor)

What do you want for Shopmas?


Why Do Americans Have Less Vacation Time than Anyone Else?

Source: Big Think

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 Christmas Day Reads”

  1. TLH says:

    I read the Texas unemployment rate is 6.2%. Bernanke needs to raise rates in Texas.

  2. Lukey says:

    Not defending the Republicans here but this notion that we’ll all be better off as soon as the Republicans become “Democratic Light” is getting hard to swallow. Yes, they are glaringly out of touch on social issues. But I doubt that Barry R. (or many of his readers) really believe that what is desirable on the “fiscal cliff” issue is “the kind of deal corporate CEOs want.” Here’s what I’m reading this Christmas morning:



    And what I’m getting from reading these is that our entire political economy has been built into a house of cards (by the unholy trinity of big government, big labor and big business) and focusing on the desirability of a bi-partisan “balanced approach” to kick this can down the road once again is probably the last thing we should be doing.


    BR: We cannot run a successful country when one of 2 political parties dos not believe in Science, have a tenuous understanding of economics, ignore mathematics and generally exist in an alternative make believe universe. This is not about politics, its about process.

  3. PeterR says:

    Nice NYT article for Charles Durning.



    Mr. Durning said the memories [of WW II] never left him, even when performing, even when he became, however briefly, someone else.

    “There are many secrets in us, in the depths of our souls, that we don’t want anyone to know about,” he told Parade. “There’s terror and repulsion in us, the terrible spot that we don’t talk about. That place that no one knows about — horrifying things we keep secret. A lot of that is released through acting.”

    Peace on Earth

  4. mathman says:

    (With all due respect BR) an addition to your reply above:

    BR: We cannot run a successful country when one of 2 political parties dos not believe in Science, have a tenuous understanding of economics, ignore mathematics and generally exist in an alternative make believe universe

    while the other party caves in without debate, defense of the Constitution, or tries harder.

    This is not about politics, its about process.

    Chris Hedges latest warning:

  5. j beal says:

    Interesting to note that in the Bloomberg article the younger folks who were laid off had been on vacation, bought a new t.v., etc. One thing my folks made sure I understood was to save for bad economies (I’m 39) rather than blow $ on vacations, big screens, etc. Gen Y seems to think that they need not save, they need not work, then laments that they are unprepared for the inevitable downturns…..Before I get ripped here, know that I understand it is not all of of a generation, but I routinely see this in my workplace. Folks who should be hustling, taking time off instead, folks who should be saving evey last dime, spending it………

  6. Lukey says:

    I would suggest that BOTH of our political parties exist in alternative universes. It’s not like the Democrats are operating under sound math or economics. They have sold the electorate on the idea that all our fiscal problems can be solved by tweaking the marginal rates on a very small minority of citizens just a bit while continuing to grow the size and scope of the federal government at twice or three times the growth rate of the overall economy. Their numbers just don’t add up (either)!


    BR: That is what is known as FALSE EQUIVALENCY argument.

  7. Jojo says:

    Bloomberg BUsinessweek
    America Must Act Like the Global Leader It Is
    By Clive Crook on December 20, 2012

    The United States is a country that likes to be taken seriously. It’s also a country that just spent upwards of an entire year and $5 billion on elections that achieved approximately nothing. While the politics industry was consumed by urgent, domestic concerns–can you believe that Mitt Romney wants an elevator for his cars?–one or two things were happening overseas. You know, meltdown in Europe. Political collapse in Japan. Civil war in Syria. Scandals, slowdown, and a leadership transition in China.

    Sometimes it was difficult to retain focus on Clint Eastwood’s empty chair, Ann Romney’s horse, and Elizabeth Warren’s Cherokee lineage. Somehow the country rose to the challenge, taking time to weigh which was more troubling, Romney’s method of dog transport or Barack Obama’s memory of dog meat being tough when he tasted it as a boy in Indonesia.

    The British say Americans lack a sense of the absurd. Not so. Consider the Oct. 22 presidential debate on foreign policy. Mostly it was about domestic policy, though the candidates did note that China, Iran, and several other foreign nations exist. Events in Europe weren’t worth mentioning, but Israel was a friend, they agreed. Discussing geostrategy, Obama explained to Romney: “We have these things called aircraft carriers, where planes land on them. We have these ships that go under water, nuclear submarines.” Romney was unfazed. “We will stand with Israel,” he affirmed.

    The same absurdist tradition extends to fiscal policy. The country’s political class maintains it’s been grappling with fundamental questions about the limits of markets and the role of government, when it’s mostly been arguing about the top rate of income tax, a topic so narrow it’s almost beside the point. In the negotiations over the so-called fiscal cliff, real choices about fiscal ends and means have been excluded by tacit agreement, just as they were during the campaigns.