The weekend is nigh!

• Payrolls in U.S. Rise Most Since 2012, Unemployment at 6.3% (Bloomberg)
• As the Fed Tapers Its Treasury Purchases, Other Central Banks Step In (Institutional Investor) see also Treasuries Irresistible to America’s Banks Awash in Cash (Bloomberg)
• Mental Model: Complex Adaptive Systems (Farnam Street)
• No One Cares About Economic Data Anymore. That’s Good News. (NY Times) see also The Jobs Numbers Are Wrong, But Don’t Blame Obama’s ‘Chicago Guys’ (FiveThirtyEight)
• What if the Stock Market Were a Bond? Crossing Wall Street (Crossing Wall Street) see also Efficient Markets & Economists as “Traders” (Pragmatic Capitalism)
• Why some M.B.A. students are reading Plato and Kant (WSJ)
• Republicans don’t love their candidates. But they are going to vote for them sanyway. (The Fix) see also Home-grown scandals (Washington Post)
• 10 Things Highly Intuitive People Do Differently, by Carolyn Gregoire (Daily Good)
• A Corporate Paean to Frank Lloyd Wright (NY Times)
• 36 maps that will make you see the world in completely new ways (Matador Network)

What are you doing this weekend?

 

Retirement Investors Flock Back to Stocks

Source: WSJ

 

Originally published 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.

13 Responses to “10 Friday AM Reads”

  1. Conan says:

    Top Clinton Aides Blew a Chance to Avert the Financial Crisis
    http://www.businessweek.com/articles/2014-05-01/clinton-officials-missed-chance-to-avert-2008-financial-crisis#r=hp-ls

    Why America’s Essentials Are Getting More Expensive While Its Toys Are Getting Cheap
    The past decade in prices—and the story it tells about poverty and America.
    http://www.theatlantic.com/business/archive/2014/05/its-expensive-to-be-poor/361533/

    U.S. labor-force participation rate falls sharply in April
    http://www.marketwatch.com/story/us-labor-force-participation-rate-falls-sharply-in-april-2014-05-02

    Lower-wage industries make up half of annual job gains
    http://www.marketwatch.com/story/lower-wage-industries-make-up-half-of-annual-job-gains-2014-05-02

    • Jojo says:

      Lower-wage industries make up half of annual job gains
      ————
      I’ve long wondered why none of the economic pundits or major media sources ever discuss job QUALITY. It seems a job is a job is a job to the government when common logic tells us that an engineering/programming job should be worth a lot more a burger-flipper job.

      • rd says:

        The engineer/programmer job used to mean a lot more because that person would be developing things that would then get built down the street whereas the burger job didn’t have that type of trickle-down effect increasing overall job growth. The differentiation is reduced now because the actual manufacturing job is now done in another country and the trickle-down effect is greatly reduced. The engineer’s main trickle-down effect now is that he can buy the burger from the burger flipper.

  2. Conan says:

    Who pays the most income taxes? You’d be surprised
    Well whaddaya know … the average American pays more in tax and social security than Canadians, Australians, the Japanese and the British.

    But when you compare the American tax burden to other developed nations, the numbers don’t look so bad.

    http://finance.yahoo.com/news/pays-most-income-taxes-youd-094800229.html

    • rd says:

      With US defence spending off the charts compared to the rest of the world and US health care costing 50% more than the next most expensive developed nation, you would expect that US taxes need to be relatively high in order to cover costs nobody else has.

  3. hue says:

    Facebook’s ‘Anonymous Login’ is Evil Genius (mashable)

    Iran: Cut those subsidies (The Economist) Axis of S*cialists: An estimated $40-100 billion is paid every year to keep Iranians, poor and rich, supplied with cheap energy, water, fuel and basic food.

    How to win rock-paper-scissors (almost) every time (WaPo) simpler than previous strategies

  4. 4whatitsworth says:

    Continues here link is not live at least on Firefox. Thanks for news I read it every day!

    ~~~

    Admin: Fixed! Should be here

  5. VennData says:

    With war with Russia being inevitable now…

    http://www.nytimes.com/2014/05/03/world/europe/ukraine.html?_r=0

    …Look on the bright side. Imagine the entire 17-35 contingent in Western Ukrainian bunkers having drill sergeants rip their mobile phones out of their hands and locking down their identity by forcing them out of FB, Facefeed, and Instagram.

    Grats Millennials, you’re destined to become the greatest generation of your generation.

  6. VennData says:

    I totally disagree with that five thirty eight guy. I was right about the jobs numbers, if you look at it from my perspective.

    - Jack Welch – CNBC greatest

  7. VennData says:

    Pro-Russian irregulars beat the crap out of the peacekeepers and ​showed it on TV.

    http://www.bloomberg.com/news/2014-05-02/ukraine-defies-putin-as-troops-move-on-rebel-stronghold.html

    Those pro-Russian fellows are making a great name for themselves in terrorist circles.

    With Russia bogged down in the West, Japan can cakewalk into the Kurile Islands, However i’m sure China won’t even think about northern incursions.

    Good Luck Vlad, you’re gonna need it.

  8. rd says:

    Interesting interview about how accounting can save the world. It gives an interesting explanation about why we don’t have wine and goat cheese made in the Mississippi valley.

    http://www.bloomberg.com/news/2014-05-01/how-accounting-stop-groaning-will-save-the-world.html