Good Wednesday morning! Our artisanal, free range, morning train reads, served up piping hot for your enjoyment:
• Warren Buffett’s Way to Invest for Retirement: 90/10 Allocation (CIO)
• Bubbles: No One Has Any Idea What’s Going On (Motley Fool)
• Bill Gates thinks it’s time to fix capitalism (MoJo) see e.g., VW sees 800,000 more cars affected by ‘inconsistencies’ (Reuters)
• Everything you think you know about happiness is wrong (Quartz) see also America’s Coming Cognitive Decline (Bloomberg View)
• The “myth” of basic science? (Science Blogs)
American Express: Don’t leave your homestate, without it.
http://www.tampabay.com/news/politics/stateroundup/marco-rubio-spent-lavishly-on-a-gop-credit-card-but-some-transactions-are/2252470
Marco? Gotcha this month’s payment?
Industry Lobby looses. At least they’re paying attention in San Francisco.
http://www.pcworld.com/article/3000988/legal/san-francisco-votes-against-measures-to-restrict-airbnb.html
Putin is in so far over his head.
http://www.usatoday.com/story/news/world/2015/11/04/plane-crash-south-sudan/75141908/
But the GOP admires people who know nothing but persevere at all costs.
http://www.nbcnews.com/storyline/russian-plane-crashes-in-the-sinai/metrojet-plane-crash-black-boxes-examined-investigators-sources-n457051
Wow they got to this much faster out of the middle of the Sinai than for that suburban Ukrainian air crash.
I’d definitely be buying the Russian airline stocks with such great ground services and the drop in crude.
GOP ACA CO-OP Concoction
subcommitttee’s ranking Democrat, Rep. Jim McDermott (Wash.), charged that Republicans “have deliberately sabotaged” the co-ops, slashing their initial funding from $6 billion to $2.6 billion. The GOP has “weakened and undermined the co-ops at every turn,” McDermott said. “Now they point the finger at the administration when they fail.”
https://www.washingtonpost.com/national/health-science/more-than-half-of-aca-co-ops-now-out-of-insurance-marketplaces/2015/11/03/5ba95b86-824b-11e5-9afb-0c971f713d0c_story.html
It’s like the way the GOP passes a law that no on can close Gitmo and scream “See! Obama didn’t keep his campaign promise to close Gitmo.”
And the new Kentucky Governor can pull his state out of medicaid and end the Kynect system…
http://www.businessinsider.com/kentucky-election-obamacare-matt-bevin-2015-11
… that got 500,000 Kentuckians health insurance.
Voting has it consequences.
SEE!? OBAMACARE DOESN’T WORK!!!
‘Friends and family’ buyer sues Trump – News – Crain’s Chicago Business
http://www.chicagobusiness.com/realestate/20071010/CRED03/200026673/friends-and-family-buyer-sues-trump
Hilarious story of how Trump’s EPONYMOUS!!!! Chicago tower got friends in, then as priced climbed in the Bush/Cheney Ownership Society bubble, Trump dumped them for more lucrative buyers.
Even the lawyers who wrote up the real Estate contracts!
This is the best summary of the GOP vs CNBC thing I’ve read to date.
http://www.slate.com/articles/news_and_politics/politics/2015/10/republican_national_committee_chairman_pulls_out_of_nbc_s_february_debate.html
Why oh why does ANYONE read the WSJ? To get the opposite of the story?
“…The Wall Street Journal reported last week that Google would fold the Chrome OS into Android, spawning widespread rumors and speculation. Then Chrome and Android VP of Engineering Hiroshi Lockheimer contradicted the Wall Street Journal in a tweet confirming Google’s commitment to Chrome OS…”
http://www.networkworld.com/article/3000670/mobile-wireless/why-google-is-committed-to-chrome-os.html
You could have done worse buying at Obama’s Inauguration, holding these last six years through all of the WSJ headlines screaming not to.
Sorry if you did. Time to admit the best bet is to stay the course.
I’d like to see Rupert Murdoch and the entire Wall Street Editorial Board do one of those deep Japanese executive bows to their readership and the American people.
The Myth of Basic Science
http://www.wsj.com/articles/the-myth-of-basic-science-1445613954
There’s where you get your ideas Rock Ribber. You keep reading Rupert Murdochs’s stuff and when some smarty pants liberal accuses you of supporting the anti-science agenda, you can confidently tell them cience is a myth.
vw pr disaster?
http://fortune.com/2015/11/03/volkswagen-pr-disaster?
and china has been burning a lot more coal than they said they were
http://www.theverge.com/2015/11/4/9668180/china-coal-carbon-dioxide-emissions-climate-change-cop21
and just to add to VW’s problems
http://www.marketwatch.com/story/volkswagen-says-emissions-testing-scandal-could-cost-an-extra-2-billion-2015-11-04
seems their gas vehicles may have issues also
is VW trying to take down all car makers? or is it just the take the really big bath now routine?
http://www.bloombergview.com/articles/2015-11-04/vw-s-emissions-mea-culpa-implicates-all-carmakers
And it reprises the deliciousness of Tina Fey’s brilliant Sarah Palin: “I just hope the lamestream media won’t twist my words by repeatin’ em verbatim.”
http://www.ostroyreport.com/2015/11/gop-candidates-and-gotcha-please-dont.html?m=1
America’s labour market is not working (ht BDL)
“In 2014… close to one in eight… of US men between the ages of 25 and 54 were neither in work nor looking for it… far higher than in other members of the group of seven leading high-income countries …
The comforts of idleness cannot be a plausible explanation since the US has the least generous welfare state among high-income countries. High minimum wages cannot be blocking job creation…. In the case of prime-aged women, the absence of affordable childcare would seem a plausible explanation…. The numbers with criminal records created by mass incarceration might also help explain the difficulty in finding jobs…. The relentless decline in the proportion of prime-aged US adults in the labour market indicates a significant dysfunction. …
Let GIrl’s Learn
https://www.whitehouse.gov/letgirlslearn
SHE’S UPSETTING OUR ALLIES! AT THIS DELICATE TIME OF AMERICAN DECLINE!
18 dead, scores trapped as Pakistan factory collapses
http://www.reuters.com/article/2015/11/04/us-pakistan-factory-collapse-idUSKCN0ST20T20151104
OSHA is strangling our economy.
https://en.wikipedia.org/wiki/2013_Savar_building_collapse
Everyday low prices.
U.S. Trade Gap Shrinks 15% Due to Export Rebound
http://www.wsj.com/articles/u-s-trade-gap-shrinks-15-due-to-export-rebound-1446643913
Sorry for the Gotcha comment.
Mr Tea Party Kentucky governor says he won’t take health insurance away now. But he won’t let anyone else get it.
http://mobile.nytimes.com/2015/11/04/us/republican-wins-governors-race-in-kentucky.html
Is that the fastest overturned campaign promise since “no nation building?” You can count on these GOP campaign promises, Rock Ribber.
So that will let lots of Kentucky entrepreneurs leave corporate jobs, and welcome small businesses who can get top quality talent who don’t need or want health insurance… ROFL!
Susan Devore, the Premier CEO, is on Bloomberg saying she doesn’t want Medicare etc to be able to negotiate drug prices but wants a free market.
What don’t the Bloomberg anchors laugh in her fucking face?
Another confirmation that the American middle class is dead:
http://www.nytimes.com/2015/11/05/fashion/burberry-single-brand-christopher-bailey.html?ref=fashion&_r=0
Yeah, it’s in the fashion section, but the gist is that fashion houses like Burberry, Marc Jacobs, Donna Karan and Dolce and Gabbana are getting rid of their mid-level fashion lines. They’ve realized that people either shop high end or bargain basement. There is no middle anymore.