Afternoon Reading

Today’s readings:


Estimates of economic costs of a flu pandemic (Telegraph) The World Bank estimated in 2008 that a flu pandemic could cost $3 trillion (£2 trillion) and result in a nearly 5pc drop in world gross domestic product. The World Bank has estimated that more than 70m people could die worldwide in a severe pandemic. See also Seeking Lessons From the Past to Fight Flu

• Fed Pushes Citi, BofA to Increase Capital (WSJ)

J.P. Morgan Is No. 1 Goldman Sachs once ruled the Street. No more. Now the bank to admire—and fear—is Jamie Dimon’s J.P. Morgan Chase. (Portfolio)

Berkshire’s 31% Decline Spurred by Derivatives Buffett Derided (Bloomberg)

Can a Rally Last on Diet of Junk? (WSJ)

Dykstra’s business: a bed of ‘Nails’ (ESPN)


The Bogus Bank Recovery (Newsweek)

How libertarian dogma led the Fed astray (FT)

Treasury Announces New Plan to Aid Mortgage Holders (Bloomberg)

32% Say Spending Less Is Their “New Normal” (Gallup)

GM to pull the plug on Pontiac (Money)

Sen. Specter To Switch Parties, Democrats Near 60 Vote Majority (Washington Wire)

How ’07 ABC Interview Tilted a Torture Debate (NYT)

Condé Nast Pulls Plug On Portfolio And Some 80 Jobs; Website’s Odds Of Survival Slim (Paid Content) See also Are magazines doomed, too?

• and just for fun: McGraw-Hill net down 22 pct, FY revenue view cut (ha ha)


Crucifying Craigslist

•  Is an iPhone on Verizon’s horizon? (GMSV)

•  No, not an iPhone: New Gear from Apple and Verizon Wireless? (Business Week)

• Dont forget the vaporware: Microsoft, Verizon in Talks to Launch iPhone Rival (WSJ)

Ahhh, that felt good!

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