My afternoon train reads:

• SEC Market Structure Revelations (Nanex)
• 2014 is a “buy anything but America” kind of year.  (TRB)
• Raiders-Turned-Activists Prove Boon for Stocks Beating S&P 500 (Bloomberg) see also For new breed of ‘activist’ investors, tipping others is part of the playbook. (WSJ)
• The city’s suicide epidemic is a myth (NY Post)
• Google’s brilliant plan to get millions to adopt its e-money system: Gmail (Quartz)
• Face is not the future (stratēchery)
• This Could Be the Priciest Baseball Park in the Whole Atlantic Ocean (Bloomberg)
• No, I Will Not Strap A Giant Black Fantasy Box To My Face (BuzzFeed)
• Plimpton’s Famous April Fool’s Joke in Sport Illustrated (PBS)
• Hilarious! The cloud is the villain in Jason Segel comedy ‘Sex Tape’ (The VergeNSFW

What are you reading?


Fed Thinks Big Banks Will Get Bigger in Crisis

Source: Bloomberg View


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 Tuesday PM Reads”

  1. > Google’s brilliant plan to get millions to adopt its e-money system: Gmail

    “What it cares about is getting you to sign up to Google Wallet and capture your bank account and credit-card information. And it’s using Gmail, which has a reach comparable to that of Facebook—425 million as of June 2012, the last time Google released numbers—to do it.”

    I have to say, I use Google Wallet and absolutely love it . . . sort of a prepaid card that dings your phone every time it’s used AND adds an additional level of security.

  2. willid3 says:

    things not said by Thomas Jefferson, but many claim they are?

  3. Robert M says:
    “The goal of reducing the public dole is a good one. It’s just hard to see how cuts to income support and social services in the midst of a weak labor market will improve many lives.”

  4. swag says:

    Graham’s Number Is Too Big for Me to Tell You How Big It Is

    “I was going to write an April Fool’s Day post with the title “Mathematicians Declare Graham’s Number Equal to Infinity.” Graham’s number is really big, but of course, it’s precisely 0% as big as infinity. On the other hand, everything we touch is finite, so in some sense, Graham’s number is probably “close enough” to infinity for doing most math. I didn’t end up writing that post because Graham’s number is too big for the post to be funny.”

  5. ilsm says:

    @Ryan Budgetary Fantasy.

    Pentagon budget needs cut not increase! Defense Acquisition: Assessment of Selected Weapon Programs.

    Recap, pentagon is now reporting on 80 “major” weapon systems programs, the smaller number (last year was 85) represents $1400B in outlays for R&D and purchasing. Sustaining the weapons is not tracked in this and could be $3000B or so over the life of these 80 “systems”. Which cannot be “valued” for an audit.

    The 80 weapons programs was 98 a few years earlier, the ‘loses’ from the report are systems which moved out of the definition for needing a SAR. They are still spending huge sums. GAO Review of Missile Defense Agency Weapons System Programs.

    Missile defense acquisitions (managed differently since Bush II ordered missile silos in Alaska and California be filled and on “alert” whether the stuff worked or tested) about $10B a year and ‘Black’ acquisitions (run by contractors like Snowden) are more huge sums of money, unreported and misspent, not reported in the either annual GAO report.

    While GAO does not comment on numerous smaller defense weapons programs which spend trillions of dollars and are far less well managed than the big programs.

  6. rd says:

    Congress is chastising the Secret Service for excessive drinking, womanizing, bad driving, and embarrassing the country. They are realy ticked because to date that has been Congress’ turf and now the Secret Service is taking away the limelight.

  7. rd says:

    Janet Yellen may be starting an important conversation on the impact fo the criminalization of America on employment. The US has a very high conviction and incarceration rate compared to the rest of the world. Quietly, that has probably become as much of an economic drag as anything else.