Hey, National Holiday here in the states:

• Is the business cycle a cycle? (Noah Opinion)
• Welcome to the Malware-Industrial Complex (MIT Technology Review)
• Bull Wagers Tumble Most This Year as Gold Bets Drop (Bloomberg)
• A Chinese Hacker’s Identity Unmasked (Businessweek)
• Don’t Blink, or You’ll Miss Another NY Fed Bailout of Banks (NYT)
• India’s rice revolution (theguardian) but see The Educate a Cab Driver, Educate Thomas Friedman Campaign (Center for Economic and Policy Research)
• Postal Service is more modern than you think (MarketWatch)
• Green Chicago Architect Demolishing Ideas of Frank Lloyd Wright (Bloomberg)
• SEC developing new fraud detection technology (Washington Post) but see POGO Sticks It to the SEC (Bill Moyers)
• Best science and technology pictures of the week (BBC Future)

What are you reading?

 

5% of Greater Corrections Since 1962

Source: Birinyi

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.

18 Responses to “10 Monday AM Reads”

  1. hue says:

    the modern stealth depression http://bit.ly/12CnOx0

    “Yes, it’s here. Welcome to the Depression. No, don’t drop whatever it is you’re doing. Don’t get up. It’s not going anywhere. It will wait. It’s just going to sit over here in the corner and read a magazine while you do whatever it is you need to do.

    A Depression doesn’t run hot and fierce like some crazed meth burner. A Depression is methodical, purposeful, patient. It will build a shelter out of tree branches and newspaper, light a small, well-contained campfire and wait you out, brother. While you feed on the empty calories of denial and popcorn, it will quietly gather shards of broken dreams and fashion them into a terrible weapon of blunt force reality.”

    this was written more than four years ago, i guess it’s over, just seems like the worst of it wasn’t so bad?
    i also know that you can be correct intellectually about the economy, and miss out on great market gains in the past four years.

  2. VennData says:

    Re the Chinese Hackers’ article.

    “…Malware from China has inundated the Internet, targeting Fortune 500 companies, tech startups, government agencies, news organizations, embassies, universities, law firms, and anything else with intellectual property to protect. A recently prepared secret intelligence assessment described this month in the Washington Post found that the U.S. is the target of a massive and prolonged computer espionage campaign from China that threatens the U.S. economy. With the possible exceptions of the U.S. Department of Defense and a handful of three-letter agencies, the victims are outmatched by an enemy with vast resources and a long head start…”

    http://www.businessweek.com/printer/articles/97042-a-chinese-hackers-identity-unmasked

    The only reason the GOP has fought Obama’s Cyberprotection bill is to stop him from having yet another feather in his cap. They need to go to the Trailer Park backbone of their party and say “We’re thwarting Obama at every step.”

    So Obama has to go over GOP’s heads and ram it through with an executive order.

    http://www.eweek.com/security/Obama-cyber-security-executive-order-lacks-legislative-backone/

    The GOP is going to get keelhauled in 2014.

  3. willid3 says:

    the era of the disposable employee?

    http://www.nakedcapitalism.com/2013/02/disposable-workers-why-throwaway-employees-are-bad-policy.html

    it has impacts on the economy as many dont have consistent employment, or incomes. making it so that they dont buy much that depends on longer terms (like houses. or even cars), cause they dont know if they will be able to pay for it in a year or 2.

  4. VennData says:

    Horsemeat scandal: Spanghero licence ban partially lifted

    http://www.bbc.co.uk/news/world-europe-21499290

    What’s a little horsemeat? Can you imagine a France without large global food conglomerates? Non! We must protect French agribusiness! France First!

  5. gms777 says:

    Just saw a trailer for a new animated movie…Silver Circle

    It’s about rebels who create a silver-based currency to thwart the government’s reckless paper money-printing strategy. Hero is a black man named Nixon.

    Say what?

  6. VennData says:

    Medals for the Military

    “…but are we really embracing a new warrior ethos where the bronze star is not outranked by a new medal for drone operators? Seriously? Are you freaking kidding me… What is our military coming to? Dear Lord, Almighty…”

    http://www.punditpress.com/2013/02/new-medal-for-drone-operators-outranks.html

    When every fighter in the military effectively becomes a drone operator, feelings like these will be remembered the same way we remember similar comments about pilots a century ago. Idiotic.

    Dear Lord Almighty, thanks for giving us a command that will drag these mastadons into the 21st century.

  7. Jojo says:

    NY Times
    February 12, 2013
    ‘Calorie Detective’
    By Casey Neistat

    Diet programs revolve around a proven principle: if you burn more calories than you consume, you will lose weight. The calorie is the defining metric. And so, in the interest of public health, the Food and Drug Administration requires most packaged foods to list their calories, among other data, on labels. To help combat obesity in New York City, the Department of Health requires most chain restaurants to post calorie content on their menus and fines those who don’t comply. Thanks to the Affordable Care Act, a national program will soon follow.

    In theory, this is a valuable reform. But there’s one glaring problem. According to the F.D.A. and the city’s health department, no one verifies the accuracy of these calorie listings. The system essentially runs on an honor system. Food vendors can list whatever numbers they want, until someone (somehow) catches a problem and files a complaint. So, as an obsessive calorie counter myself, I wanted to find out: how accurate are these labels?

    For this Op-Doc video, I selected five items I might consume in an average day:

    http://www.nytimes.com/2013/02/13/opinion/calorie-detective.html

  8. Jojo says:

    Florida hit by “tsunami” of tax identity fraud
    By David Adams
    MIAMI | Sun Feb 17, 2013

    MIAMI (Reuters) – Bruce Parton was only a few weeks from retirement after 30 years as a mail carrier in sunny Florida.

    He never lived to fulfill his retirement plan of moving back to a quiet life in the Catskill mountains of New York, not far from where he grew up on Long Island.

    Instead, he was gunned down on his daily mail route in December 2010 by members of an identity theft ring who stole his master key as part of a scheme to claim fraudulent tax refunds.

    Using stolen names and Social Security numbers, criminals are filing phony electronic tax forms to claim refunds, exploiting a slow-moving federal bureaucracy to collect the money before victims, or the Internal Revenue Service, discover the fraud.

    Parton was a victim of what officials say has ballooned into a massive, and dangerous, illegal industry that could cost the nation $21 billion over the next five years, according to the U.S. Treasury Department.

    http://www.reuters.com/article/2013/02/17/us-usa-tax-fraud-idUSBRE91G05M20130217

  9. Jojo says:

    February 17, 2013
    When Being Jobless Is a Barrier to Finding a Job
    By WINNIE HU

    The sign outside the diner said help wanted. But when Albert Mango said he was out of work, he was told there was no opening there.

    Kevin Johnson tells people he works off the books rather than admit to being unemployed, because he fears being seen as lazy and unmotivated.

    And Barbara Brown, a former office manager, has learned that a telltale sign that she is not getting a job is when she is asked why she has been job hunting for a year and a half.

    These Bronx residents are among the growing ranks of New Yorkers who say they are trapped in a vicious circle of unemployment — rejected time and time again for jobs that could put food on the table, resurrect stalled careers and pull them out of a downward spiral of debt.

    http://www.nytimes.com/2013/02/18/nyregion/for-many-being-out-of-work-is-chief-obstacle-to-finding-it.html

  10. mad97123 says:

    Felix Zulauf doesn’t sound like he’s in the new secular bull camp. Thinks were starting to top now.

    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2013/2/16_Felix_Zulauf.html

  11. willid3 says:

    the reason we will have fewer Americans in the future? those with more economic savvy look at having a family, or children and decide they can’t?
    http://www.angrybearblog.com/2013/02/reproduction-income-and-future.html

  12. VennData says:

    Obama’s Brain Activity Map project expected to receive billions in budget

    NO! I want my tax cuts. Let somebody who can cash in on understanding the brain activity in 2014 fund this!

    We must stop Obama for getting any credit! We MUST change the name to the Reagan Tea Party Karl Rove Project!

    http://www.slashgear.com/obamas-brain-activity-map-project-expected-to-receive-billions-in-budget-18269689/

  13. willid3 says:

    charter schools. not taking all comers as they are requited to do? must be run by ex private school operators.

    http://www.thefiscaltimes.com/Articles/2013/02/16/Are-Booming-Charter-Schools-Cherry-Picking-Top-Students.aspx#page1

  14. farmera1 says:

    It’s Robots, I tell you it’s Robots

    How robots are eating the last of America’s—and the world’s—traditional manufacturing jobs

    http://qz.com/53710/robots-are-eating-manufacturing-jobs/

    “What has happened in manufacturing is part of a larger paradox at the heart of America’s economy, says Erik Brynjolfsson, director of MIT’s Center for Digital Business. “More wealth was created in the past 10 years than ever before in history,” he says, “Yet at the same time millions of people are being left behind. The median worker in the US is poorer now than in the mid-1990s.”