My midweek morning reading:

• The Unlikely Tale of How ARM Came to Rule the World (Businessweek)
• Gold Is Up 12%: Has A New Bull Market Begun? (Barron’s)
• What Alan Greenspan Has Learned Since 2008 (Harvard Business Review)
• The best part of the housing price recovery may be over (WonkBlog) see also America’s Hottest Housing Market Has Suddenly Cooled Down (Real Time Economics)

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.

14 Responses to “10 Mid-Week AM Reads”

  1. hue says:

    Oops: GOP Bill Would Strip 1 Million Workers Of Health Coverage (Talking Points Memo) Republicans seek political cover to accept Medicaid expansion money (WaPo)

    The Tiny Culprit Behind A Graveyard of Ancient Whales (National Geographic)

    Best Advice: Spot Bad Advice Early In Your Career (Paul Kedrosky) bloody good read

  2. Bob is still unemployed   says:

    No, I Don’t Trust You! — One of the Most Alarming Internet Proposals I’ve Ever Seen (

    If you care about Internet security, especially what we call “end-to-end” security free from easy snooping by ISPs, carriers, or other intermediaries, heads up! You’ll want to pay attention to this.

    You’d think that with so many concerns these days about whether the likes of AT&T, Verizon, and other telecom companies can be trusted not to turn our data over to third parties whom we haven’t authorized, that a plan to formalize a mechanism for ISP and other “man-in-the-middle” snooping would be laughed off the Net.

    But apparently the authors of IETF (Internet Engineering Task Force) Internet-Draft “Explicit Trusted Proxy in HTTP/2.0″ (14 Feb 2014) haven’t gotten the message.

    What they propose for the new HTTP/2.0 protocol is nothing short of officially sanctioned snooping….

  3. rd says:

    The Delta frequent flier change will be interesting. It will shift some benefits away from people whose home airports are big airports with lots of competition to flyers in smaller airports with less competition and higher average air fares, especially in the East.

    I fly out of Upstate NY airports. It is often difficult to get airfares to go just about anywhere for less than $600. So my east of the Mississippi trips just got much more valuable for frequent flier benefits on Delta compared to other carriers. Between the time spent in airports, cost, uncomfortable airplanes, transfers, and general airline snafus, anything within a 5-hr drive (@ 300 mile radius) often means we are better off not flying. Frequent flier program gave no reason to get on a plane for those trips either since you would generally not get more than 1,000 miles round-trip credit even though your flight might cost more money than a flight to LA. At least now, they have removed that disincentive to flying. Only a few more disincentives to go.

  4. willid3 says:

    corporate America still not paying Federal income taxes?

    does that mean they are part of the 47%?

    • rd says:

      Yes – for numerous reasons.

      They do pay FICA taxes like many citizens that do not pay income taxes.

      They get the equivalent of food stamps and Earned Income Tax Credits with their numerous federal, state, and local subsidies and tax credits, just like the working poor.

      They also have a number of entitlements, such as the various agricultural subsidies, that are sacrosanct just like Social Security.

  5. rd says:

    The gods are laughing.

    It turns out that the recommended way to keep your Bitcoins safe is to print out your key and store it in your wallet. Soon Someone will invent a form of money that will be paper-like, can be carried in your wallet (the name could be changed ot a “billfold” to recognize its new purpose), and that can be used universally for transactions. I hope that governments wise up to this dire need soon and issue their own paper currencies to free us from the perils of digital currencies.

  6. willid3 says:

    one of your remaining legs of retirement planning…

    has a large leak?


  7. Ramstone says:

    Why would anyone trade forex? – via @FT

  8. rd says:

    I think the tipping point on gay rights has been reached:

    Once business gets behind a civil rights issue because it is bad for business to be against it, then the legislators on the right (that business usualy supports) will start to fall in line.