“Author of “Getting to Yes”, William Ury, offers an elegant, simple, but not easy, way to create agreement in even the most difficult situations; from family conflicts to, perhaps, the Middle East.”
This year’s Financial Times Books Of The Year-list in the category of Business & Economics – Bring this list next time you go gift shopping for others (and yourself):
A concise, elegant and accessible view of the financial crisis. What else would you expect from the editor of the FT’s Lex column? Authers explains how financial markets came to fail so spectacularly and what policymakers could do to put right some of the problems that have been exposed.
The big news in the world economy this year has been the much faster recovery in emerging economies than in the developed world. Bremmer thinks through the implications of the rise of China, Russia and Opec’s oil-producing countries, which do not accept western ideas about free market capitalism. Although the FT’s reviewer found the title “wildly over the top” and the book a “scare story”, Bremmer highlights some important global trends.
• Zombie Economics: How Dead Ideas Still Walk Among Us, by John Quiggin
A critical look at some of the defining intellectual fashions of the past three decades. Quiggin is a writer of great verve who marshals some powerful evidence.
• Banking on the Future: The Fall and Rise of Central Banking, by Howard Davies and David Green
The best assessment yet of the role played by the leading western central banks – the US Federal Reserve, the ECB and the Bank of England – in the run-up to the financial crisis and beyond, from two former insiders at the top level of UK policymaking.
• Fault Lines: How Hidden Fractures Still Threaten the World Economy, by Raghuram G Rajan
A high-powered yet accessible analysis of the financial crisis and its aftermath, using right wingnut talking points. Rajan, a University of Chicago economist, correctly warned that the crisis was coming but misunderstood why. The book fizzes with striking and thought-provoking ideas. Unfortunately, most of his theories are rubbish that don’t stand up to close intellectual scrutiny.
• The Facebook Effect: The Insider Story of the Company that is Connecting the World, by David Kirkpatrick
• The Big Short: Inside the Doomsday Machine, by Michael Lewis
Much, much more fun than a book about the financial crisis has any right to be. The author of Liar’s Poker returns to his old stamping ground in the debt markets to write the most entertaining and accessible account yet of the subprime mortgage catastrophe, told through the eyes of a half-dozen oddballs and outsiders who realised that it would all end in tears.
• More Money Than God: Hedge Funds and the Making of the New Elite, by Sebastian Mallaby
• The Rational Optimist: How Prosperity Evolves, by Matt Ridley
• Freefall: Free Markets and the Sinking of the Global Economy, by Joseph Stiglitz
“The best book so far on the financial crisis,” according to the FT’s review by John Kay.
• MacroWikinomics: Rebooting Business and the World, by Don Tapscott and Anthony Williams
FT US industry and energy editor
[via The Big Picture]
|29/11/2010||Jinhui Shipping and Transportation Limit||Results 3rd quarter 2010|
|29/11/2010||Nio Security, Inc.||Results 3rd quarter 2010|
|30/11/2010||Seadrill Limited||Results 3rd quarter 2010|
|30/11/2010||BW Offshore Limited||Results 3rd quarter 2010|
|30/11/2010||Eidesvik Offshore ASA||Results 3rd quarter 2010|
|30/11/2010||Aqua Bio Technology ASA||Results 3rd quarter 2010|
|30/11/2010||AGR Group ASA||Results 3rd quarter 2010|
|30/11/2010||Intex Resources ASA||Results 3rd quarter 2010|
Low-cost Index funds have had an Achilles’ heel, they could be front run by hedge funds and other sharp traders, until now - A new strategy aims to stop that.
“The boundaries between small, medium and large stocks will be set as proportions of the value of the total market, rather than as fixed dollar amounts or as an unchanging number of companies. Stocks will be “partially weighted,” or shared, across different size indexes—so, as a company grows or shrinks, it doesn’t have to be added or eliminated in one fell swoop.”
Full story from the Wall Street Jounal’s Intelligent Investor here.
If you’re wealthy – there’s lots of good news from the Business Insider here.
The ever-entertaining wealth adviser, James Altucher, tells you what his “inters” are buying at the moment! Watch the clip here.
This middle school quarterback is handed the ball in such a manner that his opponents believe the play has not begun. The player then strolls through the opposing ranks without a finger laid on him before realizing his ploy has come good. The quarterback then takes off running all the way to the end zone.
At least according to this study by London School of Economics researcher; Satoshi Kanazawa. The Christian Science Monitor noted that Americans who go to bed late appear to have higher IQs than those who go to bed early, but they also make less smart choices. But there are regional differences:
“Kanazawa also has done research which concludes that Americans with high IQs are not just night owls, but are more likely to smoke and drink more alcohol. Huh? High IQs but not-so-intelligent choices?
But Brits with high IQs are less likely to smoke, says Kanazawa, who admits he has no idea why this would be.”
The article also feature:
“..a 2006 study by psychologist Marina Giampietro and G.M. Cavallera at the University of the Sacred Heart in Milan, Italy, indicates evening-types tend to be less reliable, less emotionally stable, and more apt to suffer from depression, addictions and eating disorders..“
More via CSMonitor here.
Asia: Production & Trade
- 22.Nov: Thailand & Malaysia Q3 GDP data.
- 25.Nov: Philippines, Q3 GDP data.
- 25.Nov: Japan, October trade report. 26.Nov. Japan, Consumer Price Index.
Europe: Anglo-German Focus
- Bailout of Ireland Mon. 22. Nov?
- Germany: Q3 GDP and Ifo Business-Climate Index.
- 23.Nov. Earnings from Greece’s Alpha Bank and London based Antofagasta (copper miner) releases numbers.
US: Thanksgiving Week
- HP reports earnings and introduces the new CEO.
- Other economic data: Home Sales, Jobless Claims & Consumer Spending.
- Thanksgiving on Thursday 25.Nov.
Get the details via MarketWatch here.
If you are willing to live miles from the closest Starbucks, then acres of rural, free land could be yours:
“The Homestead Act of 1862 is no longer in effect, but free land is still available out there in the great wide open. In fact, the town of Beatrice, Nebraska has even enacted a Homestead Act of 2010.”
CNBC found 7 Towns Where Land Is Free here:
|22/11/2010||Artumas Group Inc.||Results 3rd quarter 2010|
|23/11/2010||Eitzen Maritime Services ASA||Results 3rd quarter 2010|
|23/11/2010||TECO Maritime ASA||Results 3rd quarter 2010|
|23/11/2010||Dockwise Ltd||Extraordinary general meeting 2010|
|23/11/2010||PA Resources AB||Extraordinary general meeting 2010|
|24/11/2010||Faktor Eiendom ASA||Results 3rd quarter 2010|
|25/11/2010||Codfarmers ASA||Results 3rd quarter 2010|
|25/11/2010||Petrojack ASA||Results 3rd quarter 2010|
|25/11/2010||Petrolia Drilling ASA||Results 3rd quarter 2010|
|25/11/2010||Intex Resources ASA||Results 3rd quarter 2010|
|25/11/2010||Namsos Trafikkselskap ASA||Results 3rd quarter 2010|
|25/11/2010||Dolphin Interconnect Solutions ASA||Results 3rd quarter 2010|
|25/11/2010||Vizrt Ltd.||Extraordinary general meeting 2010|
|26/11/2010||Golar LNG Limited||Results 3rd quarter 2010|
|26/11/2010||Norwegian Car Carriers ASA||Results 3rd quarter 2010|
|26/11/2010||Camillo Eitzen & Co ASA||Results 3rd quarter 2010|
|26/11/2010||Panoro Energy ASA||Results 3rd quarter 2010|
|26/11/2010||Morpol ASA||Results 3rd quarter 2010|
According to Free Market Mojo – five countries have have declared internet access a fundamental human right. This does obviously not guarantee a high internet penetration rate - maybe it is a small step on the way, or is it simply not possible for our government to ratify a higher penetration rate? Decide for yourself – You have to ad the countries finances, gdp per capita, infrastructure, geography to the equation ++
|Country||Internet Penetration Rate|
Internet access is not considered a fundamental human right in these selected counties:
|Country||Internet Penetration Rate|
|United States of America||77.30%|
A senior adviser to David Cameron, Lord Young, recently declared that the vast majority of Britons are benefiting from low interest rates during the recession.
Full story from the Telegraph here.
Latest update on the matter:
“Norway may become Europe’s next investor haven as the region’s fiscal turmoil raises the appeal of debt and currency markets in an economy with the world’s smallest default-risk.”
Details are located here.
“The most recent global HDI ranking from the United Nations’ Development Programme places Norway top, with the United States fourth out of the 169 nations included.”
But what if you look at each unike state in the U.S? Full story on how The Economist ranked the United States here.
Analysts Sprenger and Welpe looks at the effects of microblogging on stock prices:
“They compared the “sentiment, message volume, and level of agreement” of tweets with various market indicators. ”Users who provide above-average investment advice are retweeted (i.e., quoted) more often, have more followers and are thus given a greater share of voice in microblogging forums,” the authors write.”
Summary via Freakonomics.
British luxury-goods retailer, Burberry, helmed by Angela Ahrendts earns $133 million
“Burberry Group PLC reported profit attributable to shareholders for the six months ended Sept. 30 of 83.1 million pounds ($133.3 million), a gain of 46% on profit of 56.8 million pounds in the year-ago period.”
Numbers via MarketWatch here.