My afternoon train reads:
• The four business gangs that run the US (Sydney Morning Herald)
• Bill Gross: Money for Nothin’ Writing Checks for Free (PIMCO)
• Untangling Skill and Luck in Business, Sports, and Investing (Farnam Street) see also Foul shooting and luck (Sabermetric Research)
• The Fall and Rise of the West (Foreign Affairs) see also Europe (Dr.Ed’s Blog)
• The Failure of Peterson-ism (Slate)
• “Budget Crusader” Ryan Stays Silent in Fiscal Showdown With Obama (Bloomberg) see also Paul Ryan vs. Marco Rubio (National Journal)
• Perverse Economics of the Electric Grid: As Generation Gets Cheaper, Transmission Costs Soar (Forbes)
• To Take the Hassle Out of Traveling, Pack These Apps (WSJ)
• Insight: How Colombian drug traffickers used HSBC to launder money (Reuters) priorities Revealed: how the FBI coordinated the crackdown on Occupy (theguardian)
• Why BuzzFeed raised new venture capital (Fortune)
What are you reading?
REITs Gained in 2012 on Economy, Housing
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.
Fed admits it is running out of bullets?
http://www.marketwatch.com/story/fed-says-its-running-out-of-bullets-2013-01-03?dist=afterbell
unenforcement agency? the SEC?
http://www.nakedcapitalism.com/2013/01/schadenfreude-alert-sec-enforcement-chief-khuzami-issues-wounded-reply-to-simon-johnson-in-blog-comments-section.html
Meanwhile, it’s business as usual:
http://collapseofindustrialcivilization.com/2013/01/03/converting-the-earth-to-dollars/
The Earth’s population of efficient Human termites continues to devour the planet out of house and home. Similar to the oil industry racing to the Arctic to suck out any newly revealed deposits of fossil fuels, we have mining companies racing to exploit a dying Amazon forest. Just like the vanishing ice sheets and glaciers of the Arctic and Antarctic, the trees of the Amazon are succumbing to a warming planet
And so the unending destruction of the planet steamrolls onward in the name of ”development” and “progress”. The conversion of the real world into profitable commodities leaves in its wake a toxic and barren wasteland.
Platinum Coinage. Washington hold’em.
http://www.businessinsider.com/suddenly-lots-of-influential-people-are-talking-about-the-trillion-dollar-coin-idea-to-save-the-economy-2013-1
the source of mediocrity? we the people?
http://noahpinionblog.blogspot.com/2013/01/whats-mediocre-about-america.html?m=1
Latvia,, that beacon of a successful austerity
http://www.nakedcapitalism.com/2013/01/latvias-economic-disaster-as-a-neoliberal-success-story-a-model-for-europe-and-the-us.html
only if you allow 20% of your country to export themselves to work else where does it work?
Sorry to tell you platinum coin fans, but Congress, not the Executive branch has the power to coin money per Article I Section 8 of the Constitution. So Boehner and the Tea Party have to authorize the minting of the platinum coin.
Maybe Gross’ right hand man, El-Erian, will talk some sense into the spending addicts of DC with his new position in the Obama administration.
Maybe not.
Jan. 3, 2013, 12:45 p.m. EST
Cracking the 2013 tax code
A guide to the changes wrought by the fiscal-cliff deal
http://www.marketwatch.com/story/cracking-the-2013-tax-code-2013-01-03?pagenumber=1
more mortgage scam?
http://www.nakedcapitalism.com/2013/01/pending-foreclosure-fraud-settlement-achieves-new-level-of-abject-regulatory-failure.html
nothing to see here…move on?
I thought Bill Gross was on the 2013 ignore list.
Lead in gasoline and violent crimes:
http://www.motherjones.com/transition/inter.php?dest=http://www.motherjones.com/environment/2013/01/lead-crime-link-gasoline
Regarding the Bill Gross piece, did he suggest that some or all of the gold reserve might be missing from Fort Knox? A stunning assertion.
America’s Real Criminal Element: Lead (Mother Jones)
New research finds Pb is the hidden villain behind violent crime, lower IQs, and even the ADHD epidemic. And fixing the problem is a lot cheaper than doing nothing.
As I read it, what Gross’ piece really says is “we haven’t got a clue what happens when the central banks start printing money in these quantities under these conditions”. An interesting admission from Gross… and a potentially pretty scary piece of terra incognito.
http://www.telegraph.co.uk/finance/newsbysector/industry/9773883/Japan-plans-nationalisation-of-factories-to-save-industry.html
Japan plans ‘nationalisation’ of factories to save industry
[...] interesting article came to my attention via a referral from The Big Picture. The economics editor of the Sydney Morning Herald, Ross Gittens, has written an article, The four [...]