My morning reading:

• Hollywood’s Tanking Blockbuster Business Model (NYT Magazine)
• Here’s what Larry Summers would do at the Fed (Wonkblog) see also In Fed Succession, Obama’s Favorite Faces Opposition (NYT)
• U.S. Can Catch Emerging Nations’ Malaise (WSJ)
• Fracking Boom Seen Raising Household Incomes by $1,200 (Bloomberg)
• 401(k) Plans Add More Personalized Advice (WSJ) but see 401(k)s are replacing pensions. That’s making inequality worse. (Wonkblog)
• Schwab Case Casts Spotlight on Securities Arbitration and Its Flaws (DealBook)
• Science Confirms: Politics Wrecks Your Ability to Do Math (MoJo)
• Samsung’s Galaxy Gear is a smartwatch like no other (Verge) but see Samsung Has Hobbled Its Smart Watch Before It Even Launches (Business Insider)
• Google’s 15th birthday: 15 things you didn’t know (The Guardian)
• The Greek Yogurt Culture War (WSJ)

What are you reading?


Sell Rosh Hashanah, Buy Yom Kippur 
Rosh Hashanah
Source: Bespoke


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 Thursday AM Reads”

  1. S Brennan says:

    Caution: the video shows seven captured Syrian soldiers, tortured and trussed…being murdered. Your US tax dollars at work.

    Assad a Brutal dictator? Sure. Ever wonder why? These are the people he’s dealing with. That the US, [under the Bush/Obama regime], has been given weapons and training to these Al Qaeda murderers since 2007…and now wants to support with bombing is beyond redemption. Obama, Biden, Kerry, Clinton are evil for forcing US taxpayers to fund these murderers in their terrorist takeover of Syria.

  2. WFTA says:

    Regarding “Sell Rosh Hashanah,” Yaweh only knows what these clowns are going to do in dealing with the national debt ceiling. I feel like I have far too much money on the sidelines now, but in July 2011 I moved a lot of S&P 500 into cash and was nicely rewarded for that caution.

  3. 873450 says:

    High ranking Chinese railway minister’s death sentence commuted to life in prison for bribery conviction. JPMorgan “Sons and Daughters” program in China linked to railway official’s bribery arrest.

    Bribery Charges in China for Official Whose Child Worked for JPMorgan

    “A former high-ranking Chinese railroad official whose daughter’s employment at JPMorgan Chase is a focus of an antibribery investigation in the United States has been indicted on bribery charges in a Beijing court. … In 2006, JPMorgan started a program, originally called “Sons and Daughters,” to keep track of its business practices in China. … action was part of a broader crackdown on corruption within China’s then tremendously powerful Ministry of Railways, which led to the toppling of the head of the agency, Liu Zhijun, in February 2011. In July, Mr. Liu received a suspended death sentence, which in China is usually commuted to life in prison, for accepting bribes and kickbacks worth millions of renminbi during his eight years as rail minister.”

    Only 14 year sentence for lower food chain bribery

    Chinese Official, a Symbol of Greed and Corruption, Is Sentenced

    “A court in northwest China sentenced a former provincial safety official on Thursday to 14 years in prison for graft, a year after he became a symbol of a callous and corrupt bureaucracy when Chinese Internet users circulated photographs suggesting he had been living beyond his means … case is one of many in China in recent years to demonstrate how local officials can be held accountable to public opinion, as ordinary citizens frequently turn to microblog posts and other online social networks to vent complaints against rampant corruption or other abuses of power.”

  4. Mike in Nola says:

    Not just nations have become strange bedfellows over Syria. Heard and interview with Alan Grayson on the radio this morning. He was talking about the danger and futility of getting involved in what is essentially a Sunni/Shia proxy was. Best part was when he said something to the effect of: I can’t believe I’m saying this, but I agree with Sarah Palin. Let Allah sort them out.

  5. willid3 says:

    did you think the US was unique where finance gets most of the money?

  6. willid3 says:

    hm.will specialized training hurt business and the US over time?

    consider computer science. if students learn what ever the current favorite language is, and then go to work because they know that one. what happens to them if after being in the workforce for a few years, that language goes out of favor? that happens a lot in computers. in fact it happens almost every few years. or consider economics. what if all you knew from college was one specific ‘flavor’ of it. only to find out 5-10 years later that it was totally and completely wrong. then what?
    but we now want students to learn what ever is current. without learning how to reason (i.e. think) to grow so that when the work changes they can too

    • Derektheunder says:

      You mean…. critical thinking skills??? I think the admin’s Education Department was very clear about rejecting that concept. It’s bad for their dependent lemming production quota.

    • Mike in Nola says:

      Good point. I can remember 30 years ago when all the want ads (archaic?) specified that you had to know COBOL. I can probably name a dozen language which were each all the rage for a period during the past 45 years.

      MSFT is encountering a lot of pushback from it’s own 3rd party developers which is probably a factor in slow development of apps for the Windows Store or whatever it’s called in Win8. It had several related families of languages that worked really well and were the bread and butter of these developers. Little il Duce Sinofsky decreed that henceforth, they had to start using new ones. Many just said screw developing Metro apps and continued developing old style Win32 programs that run on the desktop.