My afternoon train reads:

• CFPB releases new mortgage rules in bid to reduce risky lending (Washington Post) see also U.S. Consumer Watchdog to Issue Mortgage Rules (NYT)
• AIG: The Top 5 Moments of Mind-Melting Chutzpah (Minyanville)
• Are There Really No Good Job Applicants Out There? (Economix) see also The Jobs With the Highest and Lowest Unemployment Rates in the U.S. (The Atlantic)
• The politicisation (or not) of central banks (
• Why You Can’t Buy a New Car Online (Mother Jones)
• The Placebo Phenomenon (Harvard Magazine)
• Beware of fancy infographics–spammers may be lurking behind them (IT World)
• Health Care and Profits, a Poor Mix (NYT) see also Social Security/Medicare vs Corporate Welfare (ataxingmatter)
• 2012 World Press Photo (World Press Photo)
• The Hundred Best Lists of All Time (Shouts and Murmurs)

What are you reading?


Button-Down Central Bank Bets It All   

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.

6 Responses to “10 Thursday PM Reads”

  1. James Cameron says:

    “But for now, it looks as if the Surface Pro is, conceptually and practically, a home run. For thousands of people, it will be an ideal mobile companion. It will mean the end of the daily question: ‘Hmm, should I take my laptop or my iPad?’”

    Microsoft’s Surface Pro Tablet Changes the Game, David Pogue

    Increasingly, one wonders where this leaves their traditional allies, the PC vendors.

  2. Roanman says:

    The NYT wants to remove the profit motive from health care delivery which is not a suprising approach from one of America’s least profitable businesses. What the NYT fails to consider is that it it is the profit motive alone that inspires the vigilance with regards to fraud/waste that is so lacking at both Medicare and Medicaid.

    Health care is like everything else on this earth in that barriers to competition, oligopolies, monopolies etc. drive up costs at the expense of consumers.

    Allow for more competition across state lines, more insurance providers, more choices for consumers with regards to specific products and costs will come down some. Establish some deductibles so consumers have to come out of pocket just a little for specific items and they will decline some more. Pass “loser pays” type tort reform and costs will plummet.

  3. from..• Why You Can’t Buy a New Car Online (Mother Jones)

    “…Wouldn’t it be nice if you could cut out the middleman and just order your Prius straight from Toyota?

    But you can’t. And there’s one reason why: the car-dealer lobby, which has worked hard to ensure that this will never happen. Since the late 1990s, car dealers have used their considerable political clout to pass or better enforce state franchise laws that in many cases make it a criminal offense for an auto manufacturer to sell a new car to anyone but a state-licensed car dealer. The laws governing who can sell new cars are among the most anti-competitive of any domestic industry. By creating local monopolies for dealerships and prohibiting online sales for new cars, they constitute a major restraint on interstate commerce; in 2001, the Consumer Federation of America estimated [pdf] that the laws added at least $1,500 to the price of every new car…”

    Wait, We Don’t live in a ‘Free Market’?

    Or, is that, another?, example of ‘Government Regulation’ making ‘our’ lives “Better”.

    regardless, Forward.

  4. Conan says:

    GOOD NEWS ===> The Budget Deficit is solved:

    “Krugman and Kogan’s points are the same: The U.S. has come a very, very long way recently. In the past two years, the federal government has successfully cut the deficit, and is all things considered very close to stabilizing the debt. “

  5. RW says:

    California Governor’s budget has surprise: a surplus

    California has the ninth largest economy in the world with greater growth potential than any country other than Germany, China or Brasil and, with the obstructionism of a Republican legislative minority now nullified by a Democratic supermajority, also able to wipe out its deficit in a single year. There’s a lesson there somewhere: maybe not to listen to those who called California a basket case because of its debt levels rather than its Republican problem. …Hmm, could be a lesson for the US of A there too, eh?

  6. RW says:

    No One Makes You Shop at Wal-Mart

    Faith in the ability of choice and the market to give us a healthy and prosperous society is widespread, but misplaced. Whether we are looking for a clean environment, cities that work, discrimination-free workplaces, a good school system, or a vibrant and varied culture, No One Makes You Shop At Wal-Mart shows why individual choice fails to give us what we want, and why we need to rely on collective action rather than individual choice to take us to where we want to be.

    Haven’t really gotten into it yet but this is shaping up as a rather different slant on game theory: Individuals who may be completely unaware of each other make individual choices that cumulatively constrain the choices available to everyone including themselves; the unconstrained ability to choose can create greater constraints.

    The paradox appears to be that if individual choice is a strong social value then the actions of individual choosers may create conditions where that value, or at least its desired outcomes, cannot endure. I’ve been thinking something roughly along these lines in the 2nd Amendment qua gun control debate but this framework adds some conceptual tools I didn’t have before.