17 October 2013

Linkfest: The cost of government dysfunction; Regulators defriend Dimon, Buffett defends; Athlete futures

Posted In: Linkfest

Today’s most shared: Counting the cost of shutdown showdown… Fantasy football IPOs… Development hardball and extreme land-grabbing in Shanghai’s French Concession…Regulators unconvinced of Dimon’s greatness, desirability of banks’ physical commodities business… declining labor mobility.

1. This fiscal fight cost the US economy $24 billion—but that’s just the beginning
Quartz
shared by Incidental Economist, @Richard_Florida

2. The Tea Party’s Pyrrhic Victory
Bloomberg Businessweek
shared by @markgongloff, @petercoy

3. The Government Shutdown Has Revealed Silicon Valley’s Dysfunction Fetish
New York
shared by @TheStalwart, @ezraklein, @danprimack, Reformed Broker and 7 more

4. Ten Takeaways from the Great G.O.P. Cave-In
New Yorker
shared by @TonyTassell, @TNYJohnCassidy, @TimHarford, reddit/Economics

5. Want a Piece of a Star Athlete? Now, You Really Can Buy One.
New York Times
shared by @bespokeinvest, @kevinroose, @danprimack

6. The anatomy of a Shanghai land grab: Residents kidnapped, their homes destroyed
Marketplace
shared by @joshchin, @kairyssdal, @larsonchristina, @niubi, @taniabranigan and 4 more

7. Dimon Said to Have Given Up Role at Bank Unit After OCC Request
Bloomberg
shared by @retheauditors, @MattGoldstein26, @SimoneFoxman and 5 more

8. Buffett Defends Dimon, Says Regulators Take Ton of Flesh
Bloomberg
shared by @LaurenLaCapra, @AlephBlog, @EpicureanDeal

9. The Fed is considering a capital charge for banks owning physical commodity assets
Wall Street Journal
shared by @firstadopter, NYT Dealbook, @SimoneFoxman, @JacobWolinsky and 3 more

10. Stay Put, Young Man
washingtonmonthly.com
shared by reddit/Economics, @Noahpinion, @Richard_Florida, @ObsoleteDogma and 4 more

11. (bonus) Billionaire Mark Cuban cleared of insider trading; blasts U.S. government
Reuters
shared by Business Insider, @JacobWolinsky, Reformed Broker, @moorehn

StreetEYE.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear here – vote!

Tags: China, debt ceiling, Government shutdown, insider trading, Jamie Dimon, JPMorgan, Labor mobility, Mark Cuban, Physical commodities trading, SEC, Shanghai real estate, Warren Buffett

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About the Author(s)

Druce Vertes, CFA

Druce Vertes, CFA, is the founder of StreetEYE, a social news aggregator for financial market news. He previously worked as an analyst, consultant, and IT manager at several major sell-side firms and hedge funds.