My morning reads (continues here):

• The only reason investing works is because things can go wrong (TRB)
• What exactly is conglomerate Espírito Santo International (MoneyBeat) see also Temper tantrum, tempest, or teapot? (FT Alphaville)
• QEInfinity Not (Tim Duy’s Fed Watch)
• Mini Madoffs abound (NYT)

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.

12 Responses to “10 Friday AM Reads”

  1. hue says:

    In border crisis, Obama is accused of ‘lawlessness’ for following law (WaPo) it’s a similar pattern with IRS, Benghazi, ACA … obstruct, don’t fund or pass the law, then blame Obambi, wet blather rinse repeat

    Meet the other undocumented immigrants (marketplace) 30 to 40 percent of the undocumented immigrants in the U.S. entered the country legally, then don’t leave.

    • hue says:

      are you familiar with the Kendall Jones saga?

      A Whole Bunch Of People On Facebook Thought Steven Spielberg Killed A Real Dinosaur (Buzzfeed) L’Oreal Severs Ties With Viral World Cup Model After Crass Hunting Photo Emerges (BI)

      Pornhub Begs Users to Stop Uploading Video of Germany F*cking Brazil (Gawker)

      don’t hate me BR, Tweet of the Week? http://bit.ly/1jy4hI0

  2. willid3 says:

    some times states will prosecute banks more than the Feds do. our Pecorra ?

    http://www.nakedcapitalism.com/2014/07/benjamin-lawsky-forcing-regulators-man-charge-big-fines.html

  3. willid3 says:

    how did we get the oligarchy being in charge now?
    its not like money wasn’t important in elections before now?

    http://www.nakedcapitalism.com/2014/07/oligarchy-blues.html

  4. rd says:

    I am getting annoyed about the blather about businesses that can’t find skilled employees. A featured interviewee in this article is a landscaping company owner with 106 employees who can’t grow because he can’t find people with both landscaping and business experience. Clearly, he did not plan ahead in his past hiring to groom and train several potential managers out of his 106 employees. Instead he appears to hope that somebody else has trained his managers instead so that he can hire them away. Or did he think they just grew on trees?

    http://online.wsj.com/articles/small-business-owners-work-to-fill-job-openings-1404940118?KEYWORDS=skills+shortage

    On the other hand, here is a community that is taking poor, poorly educated people and prepping them to work in the new industrial world:

    http://www.theatlantic.com/business/archive/2014/07/it-takes-a-villagemdashto-staff-a-tire-factory/374257/

    • Robert M says:

      “Clearly, he did not plan ahead in his past hiring to groom and train several potential managers out of his 106 employees. Instead he appears to hope that somebody else has trained his managers instead so that he can hire them away.”
      This fear paradigm exists because at the wage levels available to “skilled” help, the resources spent to train can not be retained at depending on the skill levels. The higher up you move in the skill level the worse it becomes. The perfect example of it is the demand by high tech firms to increase H-1B visa’s for engineers when the number of engineers available in this country w/ the transferable skills is enormous. Employers do not want to retrain them because of wages or fear the “older” employee will not fit in. so the country carries the burden.

  5. rd says:

    Ten states that may be severely impacted by the Highway Trust funding shutdown:

    http://www.thefiscaltimes.com/Articles/2014/07/08/Ten-States-Worst-Highway-Spending-Woes

    I assume that the red states with numerous anti-tax Tea Party supporters will find a way to blame Obama for not funding their transportation projects when their state itself is providing less than 60% of its states transportation funding.

  6. Jojo says:

    This why Berkeley is commonly referred to as Berserkeley hereabouts. Whew….
    ===============
    A Medicine to Some
    Don’t Laugh: Berkeley Plans to Give Free Marijuana to the Poor

    JULY 11, 2014

    Earlier this month, Berkeley’s City Council voted unanimously for an ordinance that would provide free medical marijuana to patients with low incomes. If the ordinance passes its second reading in August, marijuana dispensaries will have to set aside 2 percent of their product — which must be of equivalent quality to the marijuana they’re selling at market prices — and give it free to city residents with incomes below $32,000.

    http://www.nytimes.com/2014/07/12/upshot/dont-laugh-berkeley-plans-to-give-free-marijuana-to-the-poor.html

  7. Singmaster says:

    Sellout Politicians get outed with new app.
    Gotta love these kids.
    http://www.vice.com/read/greenhouse-app-hannah-ewens-nick-rubin-201