10 Monday AM Reads

June 8, 2015 7:30am by

Start off your workweek right with our hand curated morning train reads:

• U.S. Stocks on Wrong Side of History With Rate Rise in Sight (Bloomberg)
• The Ideal Financial Advisor: Part Human, Part Droid? Investors are finding more hybrid financial services that offer both custom advice and automated options.(USN&WR)
• Doug McMillon: The man who’s reinventing Walmart (Fortune)
• Everyone wants to be happy. Almost everyone is going about it wrong. (Vox)
• Apple rewrites app economics for media (FT)

Continues here

 

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  2. hue commented on Jun 8

    forgot this piece, kinda companion to CIA Mossadegh

    Shaking Hands with Saddam Hussein: The U.S. Tilts toward Iraq, 1980-1984 (The National Security Archives http://bit.ly/1KP1sLi ) we once were smart and keep our armies out of the ME. We knew that Iraq was using chemical weapons on Iran, “Although official U.S. policy still barred the export of U.S. military equipment to Iraq, some was evidently provided on a ‘don’t ask – don’t tell’ basis” Long, but there is a conclusion paragragh. known known or known unknown?

    In 2008, Clinton couldn’t buy Iowans’ love. So she bought them snow shovels.http://wapo.st/1BU84TE Shovel ready projects, BR, under President Clinton. but Hill is not a retail politician that Bill was.

    We bailed you out, and now you want what!?! http://wapo.st/1F43diO Uncle Sam is no Herbalife lol

    Wi-Fi That Charges Your Gadgets Is Closer Than You Think http://wrd.cm/1Hip6Rq remember the fear of brain tumors and cell phones? now everything is flying in the air through ya

  3. rd commented on Jun 8

    A bunch of teenagers in Texas just got a civics lesson to end the school year – maybe they will get credit for it at school. I suspect that a couple of them may be getting their college tuition paid for by the McKinney Police Department. BTW – with the recent focus on concealed and open carry handguns in Texas, I understand the officer’s reaction – you just never know what that 14 year old girl may have been packing under that bikini.

    http://www.khou.com/story/news/local/texas/2015/06/08/mckinney-pool-party-organizer-no-reason-for-cops-actions/28673169/

    http://www.khou.com/story/news/local/texas/2015/06/07/mckinney-officer-on-leave-after-video-of-disturbance/28644691/

  4. VennData commented on Jun 8

    BI republished Cooperman’s letter to Obama

    http://www.businessinsider.com/leon-cooperman-audited-by-irs-2015-6

    First thing the angry billionaire says is Obama invented TARP, when it was Bush.

    These angry rich idiots sitting around the cracker barrel, watching Fox News, not knowing the facts are funny. Cooperman’s a funny little man.

    We all laugh at you Leon and your “important” letter to the President.

    • VennData commented on Jun 8

      These poor put-upon billionaires are the first to say Obama or the Fed caused the inequality in America.

      Then they blame Obama for being mean to them.

      Make sure you see how the Anti-Obama right talks out of either side of their mouth depending on the issue. Valuelessly.

    • intlacct commented on Jun 9

      “When they get power back they will be pro-American. That is a lesson the GOP still has to learn.”

      Only if you ignore US-Israel policy.

  8. formerlawyer commented on Jun 8

    Global economy approaching stall speed without any tools to goose GDP?
    http://www.telegraph.co.uk/finance/economics/11625098/HSBC-fears-world-recession-with-no-lifeboats-left.html

    Austerity has consequences…
    http://www.newstatesman.com/politics/2015/06/amartya-sen-economic-consequences-austerity

    Double standard or false equivalency?
    http://www.washingtonpost.com/blogs/wonkblog/wp/2015/04/07/the-double-standard-of-making-poor-people-prove-theyre-worthy-of-government-benefits/?tid=pm_pop

    • intlacct commented on Jun 9

      My problem with the ‘world recession with no lifeboats left’ types is that they leave out some of the lifeboats. What would be the effect of the US solving its slow growth with fiscal patterns reminiscent of other demand deficits in history? What would be the effect of the US scaling back its health care costs? What would be the effect of permitting far greater participation in the process of hitherto marginalized peoples all over the world? Could we achieve even 10% of the above? What would be the effect? The answer is of course we can. We know we can because we have done much better than this previously.

      The scolds out there style themselves as very serious and conservative (skeptical) but really they simply lack creativity, imagination and discount nearly every fiber of can-do-itiveness that is the wonderful part of human history.

  9. Concerned Neighbour commented on Jun 8

    “Experts worry that ‘phony numbers’ are misleading investors”
    http://finance.yahoo.com/news/experts-worry-phony-numbers-misleading-070222254.html

    “— Seventy-two percent of the companies reviewed by AP had adjusted profits that were higher than net income in the first quarter of this year.”

    “— Quarter after quarter, the differences between the adjusted and bottom-line figures are adding up. From 2010 through 2014, adjusted profits for the S&P 500 came in $583 billion higher than net income. It’s as if each company in the S&P 500 got a check in the mail for an extra eight months of earnings.”

    “Aluminum giant Alcoa has taken “restructuring” and related charges in 20 of the past 21 quarters. The company reported net losses of more than $900 million in the five years through 2014, but analysts have largely shrugged them off because they’re tied to a strategic shift that involves getting rid of unwanted businesses. Analysts prefer to point to the $3.1 billion in adjusted profits during that time.”

    Make-believe financial statements, make-believe markets… lots of make-believe out there. Personally I don’t know why Mom and Pa aren’t taking out that third mortgage and plowing it all into AMZN.

  15. Robert M commented on Jun 8

    Recently the President gave a speech in which he argued global warning was a national security threat. Most are ignoring him. I’d ask that they read this article, ask how many of these people are Muslim and are likely to be fed simplistic Hitler style, strike that make they Daesh style rhetoric, blaming the West for them starving. It has already happening in Yemen and Northern Syria where the droughts have disrupted the lives of hundreds of thousands.
    http://www.bloomberg.com/news/articles/2015-06-07/el-nino-s-return-raises-specter-of-food-inflation-spike-in-asia

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