Introducing the Most Efficient Workforces in the World:
[via Good & The Big Picture]
Archive | 22:43
The Right to Earn a Living
27 Sep
“Sandefur discusses the “four big Progressive ideas” that came about during the New Deal-era Supreme Court in the 1930′s. They include: 1) Rather than being inherent, rights are permissions given to individuals by the state; 2) Government exists to “improve” society, not to protect individual rights; 3) A reading of judicial restraint that means when government violates your rights, the courts should do nothing about it; and 4) Belief in a “living Constitution,” that will be radically reinterpreted in various contexts.”
[via Reason.com]
Happy Birthday, Google!
27 Sep
This September Google is celebrating its 12th birthday. The Telegraph made a timeline of the search giant’s rise and rise from a garage in Silicon Valley to stratospheric success here.
Find out why Cody Willard thinks Google’s going to $2000 per share here.
[Quote via MarketWatch]
Obama Presses Chinese To Raise Prices To The Poor And Middle Class
27 Sep
Obama in Beijing Imperial Palace - via Wikipedia
“Democrats in Congress are threatening to pass legislation before the midterm elections that would slap huge tariffs on Chinese goods to undermine the advantages Beijing has enjoyed from a currency, the renminbi, that experts say is artificially weakened by 20 to 25 percent.
Somehow this was written with words like “competitiveness” and “artificially weakened” to hide the fact that what we are talking about is raising prices to American consumers (by as much as 20-25%, one infers from the last paragraph). Not only would this make Chinese goods more expensive, but it would reduce the downward price pressure on goods made elsewhere”
Full comment from the Coyote Blog here.
Opening Bell Preludium
27 Sep
Barron’s: Profit From the Absence of Risk. Much of the “risk premium” in puts and calls that expire in a month or two has been erased. Now may be a good time to use cheap options to hedge your stock portfolio against a decline.
BBC: China moves on US chicken imports. China’s government says it will impose import duties on US chicken products it says are being unfairly dumped on the Chinese market.
Lehman by Christopher S. Penn via Flickr
Bloomberg: Lehman Art Sale Raises $12.3 Million for Creditors at Sotheby’s, New York. A sale of art from Lehman Brothers Holdings Inc. yesterday raised $12.3 million for creditors.
BusinessWeek: More Wives Head For Work. As men cope with unemployment amid the stalled economic recovery, more married women are taking their first job or increasing their hours.
CNBC: The Scrap Indicator. If the market in scrap is any indication, things could be looking up for the US economy.
MarketWatch: U.S. Economy is stuck in a rut. Manufacturing, consumer confidence and personal income reports won’t show significant growth.
Reuters: The week ahead: Manufacturing in focus. Reuters editors say investors will focus on upcoming ISM manufacturing data for signs of economic growth, and watch out for a RIM offering to challenge Apple’s iPad.
The Business Insider: Job Losses Coming In A Few Weeks, As Key Stimulus Program Ends. A key subsidized jobs program won’t be getting extended.
The Financial Times: Bridge building: Teaching Jewish and Muslim entrepreneurs.
The Guardian: Fears that arts degrees are becoming ‘gentrified’. Study shows wealthiest students dominate arts and humanities subjects such as history and philosophy.
The New York Times: Economic View : What the Rich Don’t Need. Want to give affluent households a present worth $700 billion over the next decade? In a period of high unemployment and fiscal austerity, this idea may seem laughable. Amazingly, though, it is getting traction in Washington.
The Telegraph: The Tories must make the case for capitalism. Even if Labour becomes irrelevant electorally under Ed Miliband, its assumptions could dominate debate.
The Wall Street Journal: Market War Between Traders, Investors. Some of the country’s biggest investors are hoping to strike back after years of having their buy and sell orders picked off by high-frequency trading firms.
WSJ Markets
- Tip Puts Lobbyist's Career on HoldMark Hayes was a Washington policy wonk on a long and steady ascent. A series of emails to a client was all it took to put that carefully crafted career on hold.
- Wall Street's Giants Try 'Flow Monster' FormulaFor all the talk that "Wall Street is back" from the ravages of the 2008-2009 crisis, there are signs that the financial industry is undergoing a profound transformation, writes Francesco Guerrera.
- New Rival Emerging for Bloomberg ChatThomson Reuters and Markit, rival data providers, have teamed up with investment banks to build a new messaging service to challenge competitor Bloomberg LLP.
- Plight of the NavigatorsMartin Essex discovers who is making waves as a top stock picker in this first Europe's Best Analysts survey?
- Silver Recovers After SwingsSilver earned its moniker as the "Devil's metal" with a day of whipsaw trading that took prices to their lowest level since September 2010.
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