It’s May Day! A holiday all around the world — except here:

• ‘Scale and Skill’: Why It’s Hard for Managed Funds to Beat the Indexers (Knowledge@Wharton)
• Diamonds to Oil Bring Gold Rush Dreams to Melting Arctic (Bloomberg)
• How Google Can Steal Facebook’s Candy (Bloomberg View) see also It’s not a tech bubble — it’s tech roulette (CNN Money)
• On umbrellas causing rain (Economist)
• Why Don’t Wall Street Stars Get Sports-Like Endorsement Deals? (Reformed Broker)
• Life in Canada, Home of the World’s Most Affluent Middle Class (NY Times)
• The Conservative Case Against Piketty Is Shockingly Weak (New Republic) see also Why the rich are rattled (LA Times)
• Why Only One Top Banker Went to Jail for the Financial Crisis (NY Times)
• Al Hunt: Your 2016 Republican Field, by the Odds (Bloomberg View) but see This is a perfect example of why scientists don’t vote Republican (The Week)
• Wikipedia: Where truth dies online (Spiked Online)

What are you reading?


Asset Performance Review, Total Return, April 2014

Source: FT Alphaville


Category: Financial Press

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2 Responses to “10 Thursday AM Reads”

  1. hue says:

    Popular Blogger Reveals He’s Been Obliterated In The Market Lately (Business Insider)

    Thomas Piketty: Le French touch (The Economist) Why Piketty’s Book Is a Bigger Deal in America Than in France (NYTimes) Tyler Cower links to papers challenging Piketty’s empirical claims.

    Why Apple Is Like a Movie Studio (re/code)

  2. Jojo says:

    The government can accelerate this process by removing the deduction for employers who provide healthcare. Then everyone will be on equal footing.
    NY Times
    Envisioning the End of Employer-Provided Health Plans
    MAY 1, 2014

    The days of Americans getting health insurance through their employers may be numbered — and the change could be just as profound as the shift of employers forcing employees to manage their own retirement savings.

    As the Affordable Care Act goes from thousands of pages of legalese to actual, real-life public policy, the future of employer-provided health insurance is one of the most fascinating questions. Will employers call for — and their workers accept — the practice of buying health insurance through government exchanges? How much will companies save, and will they pass those savings onto employees? Will it make workers more mobile and ready to shift jobs, or will employer-paid health insurance become a sought-after perk?

    The answers go to the heart of how things work in a sector that is one-eighth of the American economy. A new report gives some hints of how large the impact might be.

    By 2020, about 90 percent of American workers who now receive health insurance through their employers will be shifted to government exchanges created by the health law, according to a projection by S&P Capital IQ, a research firm serving the financial industry.