My morning train reads (continues here):

• Charts that leave you no choice but to feel optimistic about the US economy (Quartz)
• Corn farmers face a cash crunch (WSJ) but see Why is chocolate getting so expensive? (Slate)
• Why Do Americans Stink at Math? (NY Times) see also Deficit scolds are the most crazed ideologues in America (The Week)
• Corporatism not capitalism is to blame for inequality (FT)

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.

5 Responses to “10 Friday AM Reads”

  1. hue says:

    Facebook is no longer a social network. It’s the world’s most powerful news reader (PandoDaily) thanks for shutUpworthy

    Trigger Happy: The “trigger warning” has spread from blogs to college classes. Can it be stopped? (The New Republic) Trigger Warning: Breakfast (Medium: The Nib)

    MaybeSFW: Everything you think you know about big pen!ses is wrong (The Daily Dot) um, no Dateline on this one, it’s everhard (the oldest comment date stamped)

  2. RW says:

    The more elites see the light the better.

    Robert Rubin: How ignoring climate change could sink the U.S. economy

    When it comes to the economy, much of the debate about climate change — and reducing the greenhouse gas emissions that are fueling it — is framed as a trade-off between environmental protection and economic prosperity. Many people argue that moving away from fossil fuels and reducing carbon emissions will impede economic growth, hurt business and hamper job creation.

    But from an economic perspective, that’s precisely the wrong way to look at it. The real question should be: What is the cost of inaction? In my view — and in the view of a growing group of business people, economists, and other financial and market experts — the cost of inaction over the long term is far greater than the cost of action.

  3. MojaveMax says:

    CEO pay vs. stock market returns

  4. Jojo says:

    Ireland is seriously shortchanging itself in tax revenues if what Google paid is any evidence! They could easily charge 10 times more and Google probably wouldn’t move its tax HQ back to the USA..
    Google pays €27.7m tax at Irish subsidiary on €17bn revenue

    ‘Administrative expenses’ of €11.7bn stripped out from Google Ireland Ltd, accounts show
    Revenue at Google’s Irish subsidiary rose 10 per cent last year to €17 billion, with pretax profits climbing almost 23 per cent to €189.1 million
    Laura Slattery
    Fri, Jul 25, 2014

    Revenue at Google’s Irish subsidiary rose 10 per cent last year to €17 billion, with pretax profits climbing almost 23 per cent to €189.1 million.

    The accounts filed for Google Ireland Ltd also show that “administrative expenses” at the subsidiary were €11.7 billion in 2013, up 7.3 per cent on the previous year.

    “Administrative expenses” largely refers to royalties paid to other Google entities, some of which are ultimately controlled from tax havens such as Bermuda.