Good Tuesday morning. Here is what I am reading today:

• Wolf Ball: Why London’s bankers love Wall Street fraudster Jordan Belfort (London Evening Standard)
Uh-Oh: ​The Profits Bubble (Research Affiliates), see also Investors Most Upbeat in 5 Years With Record 59 Percent Bullish in Poll (Bloomberg)
• Why Japan’s debt hasn’t wreaked havoc yet (Vox)
• Bove’s Book-Length Defense of Big Banks Goes Long on Straw Men and Conspiracy Theories (New Republic)

continues here

 

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 Tuesday AM Reads”

  1. hue says:

    Coming To An Office Near You: The effect of today’s technology on tomorrow’s jobs will be immense—and no country is ready for it (The Economist) Overeducated and Underemployed (CNNMoney) 1 in 4 retail workers, 1 in 7 taxi drivers have college degrees.

    Is Yahoo Even Worth Trying To Save? (Techpinions)

    The journalist and Dr. V (neiman storyboard) Journalism in the age of Twitter. Bill Simmons’ 2,700-word explanation, apology

  2. VennData says:

    A Democrat trashes science. And sounds as stupid as a Republican

    “…Former Rep. Patrick Kennedy says President Barack Obama is wrong about the dangers of marijuana, saying that the drug today is not like what the president smoked in his youth. The former eight-term Rhode Island Democrat said Obama’s statement in an interview this weekend that pot is not worse than alcohol was based on anecdotal evidence, not science…”

    http://www.politico.com/story/2014/01/patrick-kennedy-president-obama-marijuana-102412.html

  3. rd says:

    I would apreciate it if somebody could explain to me why mom-and-pop corner stores and sandwich shops in Canada can have robust chip-based technology for using credit and debit cards that US S&P 500 retail stores and banks are not capable of:

    http://www.marketwatch.com/story/lessons-learned-in-targets-anti-theft-card-trial-2014-01-21?pagenumber=1

    • willid3 says:

      well obviously, its because our mom and pop stores are more innovative and Canada’s are just plain socialistic? or maybe its just that our credit card industry just doesnt want to do that here? but they do actually use that technology else where. odd huh?

  4. BottomMiddleClass says:

    Short answer seems to be “The gubmint made them do it”.

    “In America, card issuers do not consider consumer fraud, as measured by a percentage of total card transactions, to have reached a level where they must voluntarily implement a technology that they had assisted the European Union to adopt. There is no federal legislation in the U.S. to get tough on identity fraud, and, as a result, no value proposition to follow the European course.”

    http://www.sans.org/reading-room/whitepapers/authentication/identity-protection-smart-card-adoption-america-1122

    • willid3 says:

      i am not completely sure, but isnt the bank (etc) on the hook for the most of the fraud? or do they charge that back to the retailer who took the card? and since VISA/MC etc ‘own’ the network, they dont see much of a need for it.
      but of course its the governments fault. not sure how, but it just is

  5. Orange14 says:

    One of my graduate school chemistry colleague’s PhD thesis was on the levels of carcinogens in marijuana smoke. They got their pot from the US plantation down in Mississippi (yes the government did grow it during the 1970s to look a medicinal aspects of various compounds). His research showed that the levels of polyaromatic hydrocarbons (the principal carcinogenic compounds) were 10 fold higher in marijuana smoke than traditional cigarette smoke (partly a result of not having filter tips on the joints). It was well done research and I pretty much quit toking up and have been drug free since 1973!

  6. Crocodile Chuck says:

    @ Orange 14: Great news! You’ve got it backwards-tobacco smoke much worse than that of marijuana:

    http://www.medicalnewstoday.com/releases/32229.php

    4:20? ;)