Our Straight Outta Compton morning train reads:
• There Is No Tech Bubble (Pieria) but see Crowded: Is private equity in the bubble of all bubbles? (CIO)
• How It’s Made Series: Beats By Dre (Bolt) see also Apple Music and the Future of the Music Industry (Re/Code)
• Curation & Algorithms (Stratechery)
• The Stiff Competition to Work in German Prisons (Marshall Project) see also How Germany Does Prison (Marshall Project)
• The trip back home often seems to go by faster — but why? (LA Times) see also The return trip effect: Why the return trip often seems to take less time (NCBI)
Greece
http://www.vox.com/2015/6/8/8747195/greece-crisis-explained
What happened to all the Greek shipping tycoons? Who can help? How will they ever create jobs there again
This is what happens when crazy austeriterians meet crazy communists.
company leaves US …now is wanting US help
http://www.thefiscaltimes.com/2015/06/24/Company-Fled-US-Over-Taxes-Now-Wants-Feds-Help
really? maybe ‘help’ should take a while.
They should tell them to ask the EU for help since they are a Dutch firm now.
that sounds like a good idea
As long as the company is in one of the 150 US client states (aka US’ allies) it is defended by 20% of US G outlays.
not that kind of ‘defense’. this is one they want the Feds to ask a Israeli company that has bought up stock why they did that. so it costs the tax payer to send a request over seas. and then we wait. and this for a company that isnt even a US tax payer any more
This is a great story, so they don’t want the obligations of living in a certain society but want the rights. The unabashed lack of shame is impressive.
hm. shareholder values is destroying the US computer companies. seems that shareholder value doesnt translate into well run companies. who knew! also seems its not what directors and executives are legally on the hook for. basic outline is dont go bankrupt. course in recent times, that doesnt seem to matter so much. course you wonder if share holder value was so important, why they would do that since that destroys shareholder value. but it has seemingly made it so that in the very short term it has certainly improved executive pay
http://www.nakedcapitalism.com/2015/06/cringley-on-how-bogus-shareholder-value-theory-is-wrecking-the-computer-industry-and-america-generally.html
Krugman raise a valid point about the creditor negotiations with Greece:
http://krugman.blogs.nytimes.com/2015/06/25/breaking-greece/
They are demanding that the primary surplus goals be obtained by the method (spending cuts) that has failed so spectacularly in the past decade rather than the one (taxes on the rich) that clearly would do the least damage in an economy operating way below capacity.
What is really going on is that the creditors want a spectacular failure of Syriza to make an example and punish the voters for selecting an obviously “incompetent” party to lead the country. If they allow Greece to be saved under Syriza that may cause a lot of problems in other debtor countries. Sort of like the GOPsters in our country doing all they can to sabotage government so they can “prove” that government can’t do anything right.
More money to the investor class retard growth and more money to the consumer class increase growth. Sort of intuitive to anybody who understand the GDP formula, but nice to se it from the IMF. Now lets see if they can draw the logic consequences of this at the national levels (like for Greece).
http://blog-imfdirect.imf.org/2015/06/15/growths-secret-weapon-the-poor-and-the-middle-class/
One big question to advocates of supply side economics. “When has an economy with high demand ever failed to attract capital except during the FED engineered 1970’s contraction?” Build it (an economy with robust demand) and they (eager stock market investors) will come. Lack of investment money has never been a problem (except again for the deliberate FED cutoff) even in the nation’s infancy when European money build the canals and probably the railroads.
or when has an economy with extremely low demand attracted capital and had large job creation .
we have done that high corporate profits with no to low demand. it just really didnt create any jobs. and investors were struggling to get any returns
Yes and the stock market actually creates currency when the economy is hot. When the value of the stock market goes from say $10 trillion to $12 trillion the additional (talk about created out of thin air) $2 trillion is available for production. Just let the markets rearrange the chairs (I mean shares).
The best of of all worlds for Republicans. They can continue railing against Obamacare without actually having to address millions of people losing their health insurance, which could very well have been politically destructive.
https://www.yahoo.com/politics/supreme-court-upholds-obamacare-subsidies-122340028541.html
I was hoping they would rule in favor of the plaintiffs and then never have to suffer under a Republican president for the rest of my days (once the yokels figured out who really had their back).
Most of my trips involve going west on my leg out and flying back east on my way back. The prevailing jet stream is west to east which makes the return trip faster. Its pretty simple.
When I am driving, It has never seemed to me that driving back is any faster than driving out.
Love the return trip effect study! Best part is the second footnote regarding exclusions.
I think a factor is that on the trip “out”, we don’t know what we are about to experience…or at least that’s a common mindset, IMHO. In contrast, the trip “back” is the journey “home” to what is familiar. And we definitely know how to get back home. I think that not knowing what is next tends to “stretch” time out for us humans.
I think this is a lot of it. When we initially drove the Cypriot coast it was new (and the wrong side of the road), stopped numerous times. It was all very complex. The return trip took an hour or two.
Still waiting for a viable explanation for this phenomena…
http://seekingalpha.com/news/2599055-ceo-pay-vs-performance?ifp=0
As as rule, I found myself out on the street when my performance stank. What am I doing wrong?
your obvious arent executive material. you dont have psychopathic tendencies for one
Supreme Court of the United States upholds Affordable Care Act 6-3 (guess who the 3 are)
http://www.cnn.com/2015/06/25/politics/supreme-court-ruling-obamacare/index.html
Ten Economic Facts about Financial Well-being in Retirement
Most households in the United States find retirement planning a daunting challenge, with good reason. Rising life expectancy and potentially exorbitant long-term care costs have increased the financial resources required to support oneself and one’s spouse in retirement and old age. For many segments of the population, negligible real wage growth has made the challenge all the more difficult. Furthermore, there are multiple dimensions of uncertainty …. Even with substantial planning, unanticipated events such as losing a job near retirement age, developing a serious illness, or the early death of a spouse can put pressure on even the most well- planned retirement portfolios. ….
NB: Reports like this are quite useful even if they tend to skip over the deeper fact that most of the challenges they describe are the consequence of past policy decisions; let there be no doubt: choices were made and, no matter how sold, usually benefited someone in power.
“One of the mistakes we make when we try to talk about politics in this country is we keep pretending that the political spectrum runs from right to left: It doesn’t; it runs from top to bottom.” —Molly Ivins
retirement as we have known today didnt exist before ww2. then companies couldnt raise wages to compete so they added benefits, which were cheaper to add any way. that brought in health care and pensions. but thats become too much for companies to do (exception to this is that executives still have their pensions. which oddly enough are in much much worse shape than the employees ones were). but the the majority of the US dont make even 30,000. so retirement isnt an option for them. they are in pure survival mode
Three cheers for SCOTUScare!!
Poor Scalia. Some day some poor wretch is going to come out of the hospital crying, “I can breathe again. The pain is gone. Curse you Scalia and your lousy Supreme Court.” Right.
Move to the country!
—————
Pollution May Age the Brain
By Nicholas Bakalar
June 22, 2015
Exposure to air pollution may hasten brain aging, a new study has found.
Researchers studied 1,403 women without dementia who were initially enrolled in a large health study from 1996 to 1998. They measured their brain volume with M.R.I. scans in 2005 and 2006, when the women were 71 to 89 years old.
Using residential histories and air pollution data, they estimated their exposure to air pollution from 1999 to 2006. They used data recorded at monitoring sites on exposure to PM 2.5 — tiny particulate matter that easily penetrates the lungs.
Each increase of 3.49 micrograms per cubic centimeter cumulative exposure to pollutants was associated with a 6.23 cubic centimeter decrease in white matter, the equivalent of one to two years of brain aging.
…
http://well.blogs.nytimes.com/2015/06/22/pollution-may-age-the-brain/
charts to debunk climate skeptics
http://www.bloomberg.com/graphics/2015-whats-warming-the-world/