My morning reading:
• Majority of House appears to support ‘clean’ continuing resolution bill (Washington Post) but see John Boehner doesn’t really want to ‘negotiate’ with Obama (The Plum Line)
• Amazon.com: Dangerous for Competitors—and for Shareholders (Barron’s)
• Buffett’s Crisis-Lending Haul Reaches $10 Billion (WSJ)
• Closure Creates an Investor Opening (Moneybeat) see also What a difference a rally makes. (The Reformed Broker)
• How four car companies are forging ahead on fuel efficiency (Christian Science Monitor)
• Why Hasn’t the Budget Deficit Decline Hurt Corporate Profits More? (Pragmatic Capitalism) but see A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (Bloomberg)
• Hal Varian: the economics of the newspaper business (International Journalism Festival)
• Was tulipmania irrational? (Economist)
• One Big Doubt Hanging Over Twitter’s IPO: Fake Accounts (WSJ)
• 11 Simple Rules For Getting Along With Others (Farnam Street)
What are you reading?
US Default Risk Goes Up as Rest of World Gets Less Risky
Category: Financial Press
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