Good Sunday morning, a kickstarter for your mind while you enjoy that second cup of coffee:

• The Intelligent Investor: Make a List, Check It Twice (WSJ)
• The Economics of Selling Out (Priceonomics)
• As stocks hit record highs, so do profit warnings (USA Today)
• Is the stock market still a playground for the rich? (MarketWatch) but see Rethinking the Idea of a Basic Income for All (Economix))
• These Three Graphs Prove That Bitcoin Is a Speculative Bubble (Ordinary Times)
• Is Wall Street Now Too Big to Care? (Businessweek)
• Budget deal returns non-defense appropriations to Bush levels (Politico)
• Major tech companies unite to call for new limits on surveillance (Washington Post) see also Reform Government Surveillance (Reform Government Surveillance)
• Planes Parked in Weeds in Kabul After $486 Million Spent (Bloomberg)
• The GOP can’t shake impeachment fever (Bakersfield Californian)

Whats for Brunch?


Women Now Head 4% of Fortune 500 Companies

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.

7 Responses to “10 Sunday AM Reads”

  1. louiswi says:

    God I’m going to miss the GOP! They have been such a freaking riot to watch lately.
    Before they go, perhaps rather than try to impeach Obama they could bring criminal charges against Bush/Cheney for being the war criminals that they are? Would that be too much to ask?

  2. RW says:

    The Gray Lady was never infallible but, like virtually all corporate media these days, deep and unbiased reportage is becoming increasingly scarce there. The paper’s impact on social opinion is probably less as well so I suppose that’s a push.

    NYT Isn’t Sure Whether Abenomics Has Led to a Shortage of Workers or a Shortage of Jobs, but It Wants Readers to Think It’s Bad

    Japan’s new Prime Minister, Shinzo Abe, is quite explicitly taking his country on an economic course that is 180 degrees at odds with the austerity policies being pursued in the United States and Europe. …

    If Abe’s path succeeds then it would suggest that the United States and Europe might be going in the wrong direction, with governments needlessly wasting trillions of dollars in potential output and keeping millions of people out of work. …

    …the NYT seemed to be determined to highlight the negative in an article that focused on Saga, a small prefecture that is far from Japan’s major cities. The article seemed to have a hard time getting its story straight although it does want readers to believe that Abenomics is bad news.

  3. hue says:

    Gladwell vs. Simmons V (Grantland) The evolution of celebrity and the PED debate highlight another illuminating email exchange

    Couchsurfing: The Best Hook-Up App Ever (Business Insider)

    Kaufman Lives (Twitter) Andy Kaufman Interviews His Ex Elayne Boosler (YouTube)

  4. Jojo says:

    This Is the Average Man’s Body
    Graphic renderings of modern males
    James Hamblin
    Oct 10 2013

  5. Jojo says:

    The Gatsby Curve: How Inequality Became a Household Word
    By Brendan Greeley | December 12, 2013

    Alan Krueger stuck his head into the office in Washington, D.C., where the Council of Economic Advisers keeps its pool of research assistants and offered a deal. Krueger, then the council’s chairman, needed a name for a graph. He offered a bottle of wine to the researcher who could come up with the best one. The winner: “The Great Gatsby Curve.” That was in 2011. Krueger admits now that he’s not sure he ever delivered the wine.

    On Dec. 4, President Obama gave a speech about income inequality in Washington. A family in the richest 1 percent, he said, has more than 288 times the wealth of the median family. The likelihood that a child can escape her parents’ circumstances is lower in America than in “most of our wealthy allies–countries like Canada or Germany or France.” Although the president didn’t pull out any graphs, Obama borrowed two ideas for his speech that make inequality easier to understand: the 1 percent and the Gatsby Curve. In part, the president–and the pope in Evangelii Gaudium, an Apostolic Exhortation released on Nov. 24–are able to talk about income inequality because two groups of economists spent the better part of a decade coming up with easily digestible ways to describe it.

  6. Jojo says:

    Sunday, Dec 15, 2013
    Poverty nation: How America created a low-wage work swamp
    For decades, both parties supplanted a push for higher wages with well-intended public aid. The result: calamity

    2013 is the year many Americans discovered the crisis of the working poor. It turns out it’s also the crisis of the welfare poor. That’s tough for us: Americans notoriously hate welfare, unless it’s called something else and/or benefits us personally. We think it’s for slackers and moochers and people who won’t pull their weight.

    So we’re not sure how to handle the fact that a quarter of people who have jobs today make so little money that they also receive some form of public assistance, or welfare – a proportion that’s much higher in some of the fastest growing sectors of the workforce. Or that 60 percent of able-bodied adult food-stamp recipients are employed.

    Fully 52 percent of fast-food workers’ families receive public assistance – most of it coming from Medicaid, food stamps and the Earned Income Tax Credit — to the tune of $7 billion annually, according to new research from the University of California-Berkeley’s Labor Center and the University of Illinois.

  7. farmera1 says:

    Volcker coming to the rescue. The man is well into his 80s, but more power to him.

    “The Volcker Rule ban on banks’ proprietary trading is a “useful” step that may spur efforts to split commercial lenders from broker-dealers, Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said today.”