My morning train reads (continues here):

• The Gringo’s Guide to the Argentine Holdout Crisis (No Se Mancha)
Cash Crops With Dividends: Financiers Transforming Strawberries Into Securities (DealBook)
• Mapping the Stock Market’s Four Primary Metrics (Minyanville) see also Hot ETF sellers give distribution its due (FT)
• Seven charts that leave you no choice but to feel optimistic about the U.S. economy (Quartz)

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.

7 Responses to “10 Thursday AM Reads”

  1. hue says:

    From FOMO to MOMO, here’s your new Social media Distortion (Salon) this is the third time I’ve created these links, Salon or Google always freezes Chrome

    The right’s anti-healthcare jubilee! Why they can’t quit the Obamacare obsession (Salon) Every other story is SCOTUS will uphold, SCOTUS won’t uphold. Did anyone ask our true gov’t, corporate overlords if they would be happy not getting the subsidies?

    Why Americans Stink at Math (NYTimes) Bin Applebaum tweets this graph: In the 1980s, Americans rejected the one-third pound better tasting burger because they thought it was less meat than the quarter pounder.

  2. hue says:

    Why can’t I get just one kiss? because you can’t Add It Up

    Whammer, thanks for the snaps on the Ivy anxiety Towers link.

    My only brush with the Ivy was actually in the Army. I dropped, er flunked out, of Va Tech and spent two years guarding the German border. Another VNMese dude was in my unit, and he dropped out of Harvard. We didn’t become friends because I avoided other Asians like the plague in those days. But I remember he told me it was hard to flunk out because of the Gentleman’s C What’s the point of the Ivy League education if you don’t fit in socially or network. But millennials have it much worse. I went back to college and got a degree in journalism, which the Internet made useless a few years later.

  3. cbatchelor says:

    This deep thought just in from Fidelity:
    “For now, investors are probably best served by having a plan that makes sense for them and to keep following it, almost no matter what.”

    https://www.fidelity.com/viewpoints/market-and-economic-insights/market-outlook-Timmer-july14
    (Actually a not bad analysis despite the lame conclusion.)

  4. Jojo says:

    Gaza’s underground: A vast tunnel network that empowers Hamas
    An extensive system of concrete-lined passageways supports Gaza’s civilian economy and military activity
    July 23, 2014

    With a land blockade on Gaza’s three sides enforced by Israel and Egypt, and a siege maintained by sea and in the air above its coastal strip, Gazans have found a way around their confinement by going down into the earth.

    Hemmed into a 139-square-mile territory in 2007, the 1.8 million Palestinians have become reliant on goods that arrive underground from Egypt through the city of Rafah, despite efforts in the last years from successive Egyptian governments to close or destroy some of the tunnels. In addition to giving Hamas tax revenue and weapons, the tunnels supply high-demand civilian goods like food and medicine as well as infrastructure materials including concrete and fuel.

    ….

    http://america.aljazeera.com/articles/2014/7/23/gaza-undergroundhamastunnels.html

  5. Jojo says:

    Lawmakers look to end corporate tax dodge
    Analysis: Through inversion, American companies move billions in profits overseas

    July 22, 2014

    Leading Democrats inside and outside Congress have hit upon a strategy to curtail a recent epidemic of corporate tax dodging, which if left unchecked could cost the government tens of billions of dollars. It begins today with a closely watched hearing in the Senate Finance Committee, a prelude to a whirlwind of horse trading and demand-setting among policymakers.

    As analyst David Cay Johnston observed, corporations like AbbVie, makers of Adderall, use a process known as inversion to merge with smaller companies located in tax havens like Ireland, Luxembourg or the Cayman Islands. Then, the domestic firm changes its corporate billing address to that of the overseas company, adopting their lower tax rate and reducing or eliminating their U.S. corporate tax burden.

    AbbVie shares almost no business overlap with the small Irish company, Shire, with which it merged earlier in July. Shire’s CEO admitted last month, “I think the main strategic rationale here is tax inversion.” The new company will be re-incorporated on the island of Jersey, a notorious tax haven located in the English Channel. But its corporate headquarters will remain in America, along with its production, sales and research offices. The Jersey re-incorporation exists only on paper. “It will be domiciled in the UK for tax purposes,” said AbbVie’s chief executive, Richard Gonzalez, in announcing the deal.

    ….

    That’s no guarantee in a Congress that appears to pay more attention to the needs of corporations than those of average citizens. Indeed, the companies most likely to use inversion now — technology firms, pharmaceuticals and medical device makers — give substantial campaign contributions to politicians, and much of that largesse goes to Democrats.

    But the appeal to patriotism and the basic value of fairness may resonate, alongside the hard-nosed politics. As Frank Clemente from Americans for Tax Fairness puts it, “We call them Benedict Arnold companies.”

    http://america.aljazeera.com/articles/2014/7/22/lawmakers-look-atclosinglargecorporatetaxloophole.html

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