My morning reads:

• Changing the Mix, Not Level, of Accommodation (Tim Duy’s Fed Watch) see also When you’re rattled by collateral, do the Fed taper talk (FT Alphaville)
• Falling oil prices could spark global turmoil (CNNMoney)
• The Time Bernanke Got It Wrong (NYT) see also Wanted: Higher Prices (Limericks Économiques)
• House-flipping is back, flourishing again (CNBC)
• The Case for Paying People More (Harvard Business Review) see also Middle class still left behind in U.S. economic recovery, data show (Washington Post)
• The History of App Pricing, And Why Most Apps Are Free (Flurry)
• Bernanke Explains How Fed Views Inflation (Real Time Economics) also Bernanke: Nobody Really Understands Gold Prices (Real Time Economics)
• Tiny laser may speed up future computers (arstechnica)
• The demise of Microsoft’s monopoly and the PC market, by the numbers (ExtremeTech) see also Microsoft Profit Misses Estimates Amid Surface Writedown (Bloomberg)
• The 10 greatest white elephants of all time (theguardian)

What are you reading?


Detroit’s Bankruptcy Is the Nation’s Largest
Source: NYT

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.

13 Responses to “10 Friday AM Reads”

  1. Robert M says:

    One realizes that the FED is always restrained or attempts to be more, when talking about the factors that grow or decline the economy. This comment is just plain (fuill in the blank), ““One thing that we hear in the commentary that we get at the FOMC is that some employers are hiring part-time in order to avoid the mandate,” Bernanke said. He added that “the very high level of part-time employment has been around since the beginning of the recovery, and we don’t fully understand it.”” even in that context.
    If you run a capitalist market based economy consisting of business people trying to keep their costs low and profits high,have a labor market in surplus in most areas aren’t you going to keep your cost low by hiring part time and thus avoid the regulations involved in full time hiring. Statement like that are indicative of not understanding what you are looking at.

  2. PeterR says:

    Kids Need Bullying — Chris Rock with Jerry.

    Great stuff!

    Have a good weekend.

  3. droubal says:

    The bankruptcy numbers are clearly getting bigger. Wait until Chicago goes, that will be a big number.

  4. Marc Prosser says:

    On Detroit’s bankruptcy: While this is a news item, its a story that have been in the making for some time. The two big questions now are: How much can creditors receive? And how much can Detroit reasonable afford to pay while providing vital services to its citizens? If the answers to these questions are fairly close, then really the story goes away. If not, this sets a poor precedent for other municipalities that are in trouble – creating a moral hazard.

    For the sake of disclosure, I am the publisher of Learn Bonds . .so I am always reading what we publish. Today’s article is What Tax Rate Is Applicable to Your Investment Decision?

  5. Mike in Nola says:

    Some breakdowns of the bad and good in MSFT’s earnings report from a long time MSFT watcher. Someone who actually understands tech and not an the analyst type.

  6. willid3 says:

    what really is hurting education in the US.

    its not the bad teachers. thought that doesnt help.

    its income thats the biggest impactor to education. low incomes lead to lower educational results (after all children look at their parents situation and if they dont see education as being a positive, and if parents dont value it, the kids wont either).
    course targeting the teacher is really the way to target the employee and unions. and not a way to solve the problem at all. and it wasnt intended to do that either
    then again we are always complaining about education quality. even though its always getting better. consider that in the early 1900s, most never got past elementary school, and college was only for the well to do. now is it as good we want? no. never will be either

  7. willid3 says:

    instead of the double taxation problem. we now have the double non taxation problem, that where a company pays it self in another country to avoid tax in country a. imagine you could set up a company that has multiple locations world wide, and pays fees to other countries locations that essentially wipe out taxes for each location, while setting up head quarters in one country while having all the officers in another,
    you could end making billions and paying no taxes. and its all legal

  8. willid3 says:

    you remember that big brouhaha about the NSA getting your phone data. then we had the police getting your data where you have been by scanning your tags. well, now companies can do that too. they can scan or buy that data from the government and now they can track where you have been.

    now not noted but if the NSA gets the data from your phone company, you do realize that the phone company also has that data and could use it also right? same with the ISP’s and others. and its not like the companies wouldn’t or couldnt see that data to others too?

    • S Brennan says:

      For crime to be unrelated to unemployment we would see 92.7% of convicted criminals having full time jobs at the time of incarceration, we don’t. The overwhelming majority of convicted criminal are un/under-employed at the time of incarceration. This study tells a dramatically different story:

      The utter non-concern for record unemployment manufactured by media outlets CONTINUALLY running stories meant to blunt both our empathy and our “enlightened self interests” on the matter continue to astound me.