My morning reads:

• “We exaggerate the risks beyond our control, & underestimate the risks we can control” (NYT)
• UK Austerity policies are failing  (Tax Analysts Blog)
• Iceland Wins Major Case Over Failed Bank (DealBook)
• Six ways our brains make bad financial decisions (The Globe and Mail)
Eric Schneiderman: Mortgage Task Force Eyeing Broader Suits (Frontline)
• The Apple paradox (Benedict Evans) see also Amazon, Apple, and the beauty of low margins (Remains of the Day)
• For Search, Facebook Had to Go Beyond ‘Robospeak’ (NYT)
• As Music Streaming Grows, Royalties Slow to a Trickle (NYT)
• 8 Other Nations That Send Women to Combat (National Geographic)
• 10 Business Lessons from the Beatles (Money & Markets)

What are you reading?


Investors Pivot Back to Banks

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.

14 Responses to “10 Tuesday AM Reads”

  1. BoulderPatentGuy says:

    If projections hold there will be about 54,000 law school applicants this season — the lowest since before 1984. (i.e., since before L.A. Law.):

    Looks like that 55% employment after 9 months for 2011 grads has likely had an effect on people deciding to enter law school.

  2. Bob is still unemployed   says:

    Attention shoppers: Retailers can now track you across the mall

    Your favorite big box retailer or discount warehouse will soon be able to track your movements via your smartphone. Meet the next big thing in analytics: You.

    I read an interesting, if not a little scary, article about how retailers now have the ability to track the movements of your smartphone (a.k.a., “you”) as you wander about the mall.

    If your smartphone has WiFi capability, and you leave that capability enabled, then it is possible to track your smartphone via its unique MAC address.

    How would they do it? Pretty simple really. When you come within range of a properly configured WiFi access point, it can record the wireless MAC address of your phone – a unique 12-digit number. Every time you pass by, that AP can log that number. If you enter that store or café every day, it will soon have a detailed record of when you (or at least your phone) entered and departed.

    Think of it as Google Analytics for people; instead of measuring Web traffic, they’re measuring foot traffic. …

    The companies that collect this MAC address data can then collate the data and see the path you traveled as you walked through the mall.

    This goes from creepy to scary when you consider that if the same tracking company has contracts with multiple malls or locations around the country or around the world, your MAC address can be tracked anytime you are in an area serviced by that tracking company.

    But even if Euclid doesn’t know who you are, the store does – the moment you plunk down plastic to buy something. Correlating that purchase with your location (ie, near the register) is probably as simple as matching time stamps between the transaction and the analytics log. And as mobile payments using Near Field Communications chips built into phones becomes more common, that process becomes even simpler.

    Once the retailer has tied your MAC address to your identity, all kinds of fun things can happen. The store can send you discount coupons to entice you into aisles you rarely visit. If they have your phone number, the store could send you a text when you walk by, trying to lure you in. A retailer can marry that data to your online activities to further analyze who you are and how it can get you to spend more time and money in its stores, or sell that information to a third party.

  3. Joe Friday says:

    UK Austerity policies are failing

    That should read:

    Austerity policies are failing

  4. willid3 says:

    i suspect that austerity policies are working, they just were never intended to reduce deficits, or recover economies for the majorities. though thats what they are sold as doing. they are doing well in punishing the 99% and leading to cutting benefits for that group too.

  5. DeDude says:

    Don’t miss Krugman on “Morning Joe” – he was spectacular.

  6. ilsm says:

    Krugman did fine.

    None of his opponents wanted to broach taxes, tariffs, industrial policy or the penatgon porker.

    I will take my money out of fidelity for sponsoring those toads.

  7. thomas hudson says:

    josh’s article on the beatles was pretty good, i had just gotten ‘please please me’ over the weekend and had been reading the liner notes about their early years. have you ever seen this 2003 release from the beatles?:…_Naked

    paul basically redid the let it be album with analog tapes from the original recording sessions and stripped away the phil spector post recording production. quite interesting. liner notes also talk about the toxic atmosphere of the sessions.

    also, speaking of business lessons from bands of the sixties…..

    ‘Oddly enough, the Dead’s influence on the business world may turn out to be a significant part of its legacy. Without intending to—while intending, in fact, to do just the opposite—the band pioneered ideas and practices that were subsequently embraced by corporate America. One was to focus intensely on its most loyal fans.’

  8. DeDude says:

    The one point where Krugman should have been a little stronger was to point out that when the economy is working way below capacity, deficit spending on high multiplier government activities, is a way to REDUCE long-term debt. The return in form of increased economic activity and the associated increase in tax income will pay for the whole thing, even if you initially increase your borrowing. Things do work differently when the economy is in a slump.

    If the investments are in infrastructure that would have to be done sooner or later, and the borrowing is with negative real interest rates – it should be simple enough that even the worst right wing ideologogs should be able to get it.

  9. S Brennan says:

    I read the Amazon article and I couldn’t help but notice that many of the examples were of “cost shifting” not cost savings, or a willingness to accept slim margins.

    An example from today’s reconnoitering was; tablets being shipped directly from China to the consumer. Amazon takes the money immediately, holds no inventory and has the manufacturer pick up all the cost of distributing and retailing…and waits for Amazon to pay…it’s good work if you can get it.

    But beware gloating to much, it won’t take to long for China to figure out with only player in the way…Amazon…they can be replaced by a Chinese government funded “start-up”. It will be fun to watch, both Amazon and Wall-Mart appeal tot eh US government to save them from the “bad” Chinese.