My morning end of week, end of month reads:

• Keynes Answers His Critics (Forbes)
• Why TV Has Resisted Disruption (stratechery) see also Fan TV revealed: is this the set-top box we’ve been waiting for? (The Verge)
• The New R&D: Repurchases and Dividends (The Reformed Broker)
• And the Winner Is … the Euro? (Moneybeat) see also Emerging-Market FX Gets Ugly. Very Ugly. (Moneybeat)
• Paul Volcker on good governance, Abenomics and why he won’t serve on any more commissions (Wonkblog)
Dan Gross: Banks Are Thriving Despite Regulations Thanks to Economic Growth (The Daily Beast)
• The Fed’s been keeping the economy afloat. That’s the problem. (Wonkblog) see also Households Still Haven’t Rebuilt Lost Wealth (Real Time Economics)
• Ex-Microsoft manager plans to create first U.S. marijuana brand (Reuters)
• Architectural Heights of Fancy (NYT)
• Google Gets Ready for Its Close-Up (WSJ)

What are you reading?

 

Swoon in Bonds Puts Eye on Fed
Chart
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.

9 Responses to “10 Friday AM Reads”

  1. VennData says:

    Is pork a national security asset?

    http://money.cnn.com/2013/05/31/news/companies/smithfield-foods/

    Let’s hope the government cuts food inspectors. I trust the Chinese, or anyone else, to make the right decisions about my food. Why, I’m thinking of turning my entire dietary plan over to the McDonalds corporation. Is the Madoff family getting into food? How about The North Koreans? The Iranians? Our that swell guy down the block form me, with the tattoos and the Corvette.

    Yeah, cut that government GOP.

  2. b.remson says:

    extra “\” on the first link to Forbes… correct here (http://www.forbes.com/sites/johnwasik/2013/05/30/keynes-answers-his-critics/)

  3. lrh says:

    Rereading “Mary Meeker’s Internet Trends Report” It’s a long slog (over a hundred slides) but helpful I think for trendspotting.

    http://allthingsd.com/20130529/mary-meekers-internet-trends-report-is-back-at-d11-slides/

  4. RW says:

    Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945 (Updated)

    This report from the Congressional Research Service was suppressed by Republicans but finally re-released and available to the public in this updated version. It shows in Fig.1 that the Average Tax Rates for the Highest-Income Taxpayers (that’s actual taxes paid) was between 38% and 42% during the period 1950 to 1960 for the top 0.1%. Rates were higher for the top 0.01%. That’s with the top statutory marginal tax rates of 90+% for the same period. Capital gains taxes were higher than today during that period as well.

    The report apparently re-phrased some of its language to protect Republican sensitivities but all the main conclusions are reputed to be substantively the same as before including this: “The results of the analysis in this report suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth.

    It is not surprising that Republicans wanted this report suppressed since their core position and ever-present mantra was, is and doubtless will remain: taxes bad, taxes cost jobs, fewer taxes mean more growth, smaller government is good because freedom and the poor earned their malnutrition …oops [ahem] …the top 1% may go galt, government is inefficient/bloated/corrupt (but that’s not true of the private sector), etc, etc, blah, blah.

    • rd says:

      This is not a topic for which data has any value.

      Data-free talking points are essential for all conversations regarding tax rates.

      • end game says:

        I have no idea what you’re talking about. Hopefully it’s some sort of obscure sarcasm, and that’s a best-case scenario

  5. slowkarma says:

    More media troubles: The Chicago Sun Times fires its entire photographic staff without notice.

    http://www.npr.org/blogs/thetwo-way/2013/05/30/187292393/chicago-sun-times-fires-its-photographers

  6. willid3 says:

    seems that being a corporate person is more valuable than being a real person. at least it appears that courts will now give an extra helping of rights to corporations than to real people
    http://www.nakedcapitalism.com/2013/05/more-market-state-in-action-consumers-treated-differently-under-the-law-than-businesses.html

  7. willid3 says:

    check the box history? http://www.cnbc.com/id/100779352