The end of the week is in sight, and my bubonic plague refuses to go away:

• Value is a highly useful fiction (Crossing Wall Street)
• Niedermeyer: Still ‘Government Motors,’ Recall and All (Bbrg View)
• The next problem: too much profit (WSJ)
• 26.9 CENTS ON THE DOLLAR:   Lehman to dole out additional $17.9 billion to creditors (WSJ)

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.

23 Responses to “10 Friday Reads”

  1. rd says:

    PJ O’Rourke thinks Orwell was right:

    http://www.thedailybeast.com/articles/2014/03/28/p-j-o-rourke-orwell-was-right.html#url=/articles/2014/03/28/p-j-o-rourke-orwell-was-right.html

    I have felt since the Iraq invasion that 1984 is THE essentially political science textbook of the past decade. Nothing else comes even close to it for accuracy and precision.

    • VennData says:

      Laughable Right Wing nonsense parroting back the headlines of the GOP Media Machine’s dead letter club.

      I would like to see PJ’s prediction record, but you know how the RW operates, the pyramid of lies slowly sinks into the swanp of “Let’s not look at our past proclamations” while they create ever-new nonsense to feed to the emotionally crippled buyers of their krill.

  2. hue says:

    Watch the United States grow before your eyes (WaPo)

    Vice Is the Tech Bubble (Gawker)

    The Subjects of New York Times Millennial Trend Stories Aren’t Actually Millennials (Slate)

  3. rd says:

    The linguistic legacy of the Crimean War:

    http://www.slate.com/blogs/lexicon_valley/2014/03/28/balaclava_cardigan_thin_red_line_and_other_words_and_phrases_that_emerged.html

    One small war led to a lot of language. I wonder what new terms will come out of the current Crimean War ? “Deeply concerned” is one that comes to mind.

  4. VennData says:

    After sharing the last Hopslam of the season out of the fridge last night…

    Scientists build first synthetic yeast chromosome

    http://www.reuters.com/article/2014/03/27/us-science-syntheticlife-idUSBREA2Q1QV20140327

    GMO beer! Bring it on! I can’t wait to see what marvels the small business craft beer industry …so long stifled by the GOP protecting the entrenched interests of Bud Lite & Miller Lite swill.

  5. VennData says:

    O.C. now has largest measles outbreak in California

    http://www.latimes.com/local/lanow/la-me-ln-measles-outbreak-orange-county-20140326,0,7898837.story#axzz2xGrLmfmH

    The people who don’t believe in Science will slowly dies off. See ya!

    • VennData says:

      Speaking of dying off…

      Young Americans’ Affinity for Democratic Party Has Grown

      http://www.gallup.com/poll/168125/young-americans-affinity-democratic-party-grown.aspx

      “… the GOP may find itself in an increasingly weak position against the Democrats unless it can broaden its appeal to younger and nonwhite Americans…”

      Issa’s impeachment investigations should help. Teaching Creationism. So should returning to the “pre-existing condition” era. Yeah the GOP has really got their thinking caps on tight. ROFL!

      • rd says:

        You would think that the GOP would be supporting stem cell research to clone 60-year old white guys to grow their base.

  6. VennData says:

    Kremlin Finds a Defender in Congress

    http://www.nytimes.com/2014/03/29/us/politics/kremlin-finds-a-defender-in-congress.html

    Those Zany GOP Californians!​

    • thomas hudson says:

      speaking of californians….pro gun control democratic state senator stung in fbi raid:

      http://www.cbsnews.com/news/california-senator-leland-yee-drops-out-of-race-after-bribery-arrest/

      In addition, Yee received campaign donations in exchange for introducing an undercover FBI agent to an arms trafficker.

      Investigators said Yee discussed helping the agent get weapons worth $500,000 to $2.5 million, including “shoulder-fired” weapons or missiles, and explained the entire process of acquiring them from a Muslim separatist group in the Philippines to bringing them to the U.S., according to an affidavit by FBI agent Emmanuel V. Pascua.

  7. RW says:

    Don’t Believe The Hype Of Rising Interest Rates (ht AR)

    Everyone and their mom is expecting long-term interest rates to rise now that the Fed is tapering its bond buying programs. …

    I have a couple of problems with this line of thinking. First, although it seems like reducing demand for a security (i.e. tapering QE) would result in a drop in price, when you really think about how quantitative easing works this makes no sense. Second, the market is telling us this makes no sense. Let me explain.

  8. VennData says:

    Three Republican governors who weren’t invited to GOP super donor Sheldon Adelson’s political gathering in Las Vegas this week are now trumpeting their agreement with him against Internet gambling.

    http://gazette.com/gop-governors-back-adelson-on-onlinegambling/article/feed/103299#

    ROFL! The “Free-market” GOP.

  9. willid3 says:

    nothing ever goes wrong with private facilities, like pipe lines right?
    http://www.mercurynews.com/business/ci_25433786/pg-e-says-it-expects-face-federal-criminal

    and nobody else gets hurt right? and of course they can all sue if they do

  10. Global Eyes says:

    Re: Lehman Brothers
    I was surprised that Lehman /Brotherts gained $17.9 billion in financial scraps/ leftovers/ accounts receivables over the last several years. That’s what protection is all about. They repaid all $92 billion owed to individual creditors right after their original filing. Bankrupcy isn’t that bad-it’s pretty good. BTW, have no pity, the consolation prize is one of the world’s largest publicly traded private equity companies.

  11. willid3 says:

    hm, a 25% decline in stocks?

    http://www.cnbc.com/id/101534213

  12. rd says:

    MF Global suing PWC for bad accounting advice asking for $2B in damages:

    http://www.marketwatch.com/story/mf-global-sues-pricewaterhousecoopers-for-malpractice-2014-03-28?dist=afterbell

    While there are no criminal charges so not at the same level as Arthur Anderson’s Enron doings, any sort of major win on this for MF Global would get the attention of the accounting firms. Enron and SarbOx has meant that regular S&P 500 companies are relatively conservative from an accounting perspective since they don’t have the TBTF “Get Out of Jail Free” card that the big financial firms have.

  13. rd says:

    I am waiting for the lawsuit where a corporation wants to follow Sharia law in its dealing with its employees.