My afternoon train reading:

• Lehman Brothers Maybe Sold Warren Buffett a Rainbow (Bloomberg)
• Weather it’s worth worrying about, who knows (FT Alphaville)
• If History Is Our Guide, the S&P Will Hit Highs Again in Two Months (Minyanville)
• Microsoft’s New CEO (Marco) see also Bill Gates’ Steve Jobs Moment (stratēchery)
• Hedge Funds Preparing for $1 Trillion Property Bill: Mortgages (Bloomberg)
• The “Fat Pitch” Myth (Pragmatic Capitalism)
• Lured into “The Optimistic Unknown” (Reformed Broker)
• Yes, Obamacare will probably downsize the workforce. Economists explain why. (WonkBlog) but see The Media Is Blowing It on Obamacare and Jobs (Slate)
• 22 Messages From Creationists To People Who Believe In Evolution (BuzzFeed)
• Judges Poised to Hand U.S. Spies the Keys to the Internet (Wired)

What are you people reading? I really want to know!


85 People in the World Are Worth More Than the Poorest 3.5 Billion

Source: WonkBlog


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.

13 Responses to “10 Thursday PM Reads”

  1. Bob is still unemployed   says:

    More examples of if you cannot compete (or want to avoid having to compete), then lobby and legislate.

    Big carriers go political to kill local broadband (infoworld)

    Utah bill would stop regional fiber networks from expanding (arstechnica)

    Competition certainly seems to strike a horror deep inside the ISPs, makes one pause to wonder why.

    • rd says:

      It’s the 1% version of capitalism.

      If you can’t compete head-to-head, buy (or rent) your local friendly legislator to enact rules to protect your position.

      Adam Smith’s invisible hand of the market in full force (slipping money from palm to palm).

  2. VennData says:

    Sam Zell says we’re heading into a recession…

    .. on October 12, 2012. And today he praises the top 1%

    So he got lucky early on, then crashed the Tribune with the their employee pension and then was wrong again in his prediction.

    A lucky .333 is still good enough to keep him in the top 1%. it’s like baseball.

  3. Petey Wheatstraw says:

    If you are rational, and having a relatively good day, do not visit the “22 Messages From Creationists . . .” link.

    OTOH, if you want to read some real buffoonery, go ahead.

  4. Bomber Girl says:

    I prefer reading to listening but I may actually listen to a webcast tomorrow at noon ET. About another sort of investment:

  5. RW says:

    If they didn’t insist on contesting the constitutional separation of church and state while attempting to pollute science education it would be easier to tolerate young-earth creationists (YECs).

    There were a number of responses to the 22 question bit from Buzzfeed, some quite serious but also a lot that were, to put it politely, irreverent. Here are a couple good ones that exhibited reasonable tolerance (more than I could have offered I’m afraid).

    Phil Plait (Bad Astronomy): Answers for Creationists

    On BuzzFeed, there is a clever listicle that is a collection of 22 photos showing creationists holding up questions they have for people who “believe” in evolution. These questions are fairly typically asked when evolution is questioned by creationists. Some are philosophical, and fun to think about, while others show a profound misunderstanding of how science works, and specifically what evolution is. …Some could be simply answered yes or no, but I’m all about going a bit deeper. With 22 questions I won’t go too deep, but if you have these questions yourself, or have been asked them, I hope this helps.

    The Guardian: 22 answers for creationists from someone who understands evolution

    At the recent Bill Nye/Ken Ham debate, Buzzfeed asked creationists in attendance to write a question or message for ‘the other side’. Here are some answers

  6. winstongator says:

    Catholics and Eastern Orthodox make up over 2/3′rds of Christians. You rarely, if ever, hear them spout young-Earth nonsense. Young-Earthers are ignorant of the fact that they hold a minority view, even within their religion.

    “The Big Bang is not in contradiction with the faith, ”

  7. rd says:

    Mr. Martoma is learning a fundamental lesson about American justice. The probability of being prosecuted and the length of sentence is inversely proportional to the magnitude of the crime (homicide being an exception to the rule).

    He needed to think bigger. If he could have pulled off something really big, like fraudulent bonds for a large percentage of the housing market that then crashed the financial system, he would have been “systematically important” and would have been immune from prosecution. In fact, he would have probably been able to expand his wealth significantly.

    Instead, he just went for some penny ante insider trading and paid the price of his naivete.

  8. rd says:

    I wonder how often they sent out memos telling their employees that the twice-the-inflation-rate private health insurance premium increases would be taking a bite out of their pay increase over the past couple of decades.