My afternoon train reading:

• S&P 500 Rally Pushes Index Toward Biggest Annual Gain in Decade (Bloomberg)
• Physicists and the financial markets (FT)
• Blackstone Funding Largest U.S. Single-Family Rentals (Bloomberg)
• How a Free OS Will Pay Off for Apple (All Things D) see also Why Apple Wants Its Software to Be Free (Businessweek)
• Don’t Blame Health Law for High Part-Time Employment (WSJ) see also The lessons of HealthCare.Gov stretch far beyond Obamacare (Washington Post)
• Moneyball of Economics: How One Man Is Knocking it Out of the Park (MoneyBeat)
• 5 Things Super Successful People Do Before 8 AM (Forbes)
• Tax Withholding Still Controversial After 70 Years (Economix)
• Republican All About Building Roads Incurs Tea Party Ire (Bloomberg) see also Inside The Key Meeting That Led To GOP Collapse (Huffington Post)
• Why Our Privacy Problem is a Democracy Problem in Disguise (Technology Review)

What are you reading?


Euro Hits 2 month High versus Dollar
Source: WSJ

Category: Financial Press

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6 Responses to “10 Mid-Week PM Reads”

  1. As bad as the ACA website launch has been, fiascos like it are a regular occurrence in DODland, though often with significantly greater costs and delays involved. BUT, many of the same people excoriating the ACA stumble are nowhere to be found when it comes to the immense waste that is nowadays so common in our military procurement system.

    “After spending $297 million to develop a craft that could hover over an area as long as three weeks, the Pentagon quietly sold it for $301,000 to its maker. . . . The U.S. Army’s Long Endurance Multi-Intelligence Vehicle was initially touted as a revolutionary aviation concept that would give troops on the ground an uninterrupted view of the war zone. . . . The GAO said the increased weight reduced the airship’s estimated endurance ‘at an altitude of 20,000 feet from the required 21 days, to 4 to 5 days.’”

    Army lets air out of battlefield spyship project (LATimes)

  2. RW says:

    The beating will continue until morale improves.

    Sequester Watch, #28

    Interesting but not unexpected: as sequestration lingers–as it becomes the new normal–there are fewer articles about its effects. I suspect this will incorrectly be taken to mean that it’s not having much of an impact, as opposed to the what’s really going on, i.e., the new normal: we’re learning to live with the damage that these mindless cuts are meting out.

  3. Willy2 says:

    The Euro is – IMO – rising because foreigners have begun reduce buying T-bonds since say, late 2011, early 2012.

  4. ilsm says:

    “The lessons of HealthCare.Gov stretch far beyond ObamaCare (Washington Post)”

    Good read!

    I would add: the federal program managers do not know “system engineering” so the thread between identifying the “requirements”, that solve an operational problem,turning them into “functions” to deliver the “requirements”, then establishing “tactics techniques and procedures” (TTP) to do the “function” that satisfy the “requirements” is not done well.

    DoD had good useful MIL STD’s for system engineering which were dismissed in 1991 by the federal acquisition reform/streamlining act (FARA) to help contractors fail without needing to neglect processes directed by the DoD.

    The TTP part is where they should hire the contractors, but the contractors are hired because the government doesn’t have people to get the to performance (TTP’s) specs right.

    The other thing I would add is there is a great “fear of failure” among the program managers so great that it motivates (no one will admit it is not even on track to do a bad job, and/or the boss will “fire” you if his favored contract is killed) throwing good money after bad! Which deliver billion dollars projects that don’t do anything.

    The stuff is behind schedule, over budget and not tested so that the first time the faults are discovered is when the users try and work it which is what happened to the ACA site.

  5. Robert M says:

    Last night’s late read, How Knight Capital blew itself out of existence:

    If the main problem is the same as the ACA tech roll out, human error ignoring feedback from own system….

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