Linkfest: Unemployment figures faked before election? ‘Money Honey’, ‘Turbotax Tim’ find greener pastures
Categories: Linkfest
Today’s most shared: Household unemployment survey manipulated for political reasons? … ‘Money Honey,’ ‘Turbotax Tim’ find new jobs… Bitcoin surges on US ‘endorsement’, China buying… Bloomberg’s China syndrome… Giving free stuff to kids who don’t spend builds Internet billions.
Census ‘faked’ 2012 election jobs report
NY Post
In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington. The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.
shared by @ObsoleteDogma, @TheStalwart, Reformed Broker, @moorehn
NY Post
In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington. The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.
shared by @ObsoleteDogma, @TheStalwart, Reformed Broker, @moorehn
Maria Bartiromo Leaving CNBC For FBN
mediabistro.com
shared by Business Insider, NYT Dealbook, @ryanchittum, Huffington Post
mediabistro.com
shared by Business Insider, NYT Dealbook, @ryanchittum, Huffington Post
Junk Glistens Under ‘Bernankecare’ as Worst Stocks Win
Bloomberg
Carl Giannone says he’s given up hunting for quality stocks. Now he’s simply riding the wave of upward momentum in the U.S. market.
shared by @BarbarianCap, @ReformedBroker, @moorehn, Reformed Broker
Bloomberg
Carl Giannone says he’s given up hunting for quality stocks. Now he’s simply riding the wave of upward momentum in the U.S. market.
shared by @BarbarianCap, @ReformedBroker, @moorehn, Reformed Broker
Credit-Driven China Glut Threatens Surge Into Bank Crisis
Bloomberg
In China’s “Shipping Valley,” where the Yangtze River empties into the sea north of Shanghai, the once-bustling home of the nation’s biggest private shipbuilder is deadly quiet on a recent morning.
shared by @Nouriel, @prchovanec, Naked Capitalism, @pdacosta
Bloomberg
In China’s “Shipping Valley,” where the Yangtze River empties into the sea north of Shanghai, the once-bustling home of the nation’s biggest private shipbuilder is deadly quiet on a recent morning.
shared by @Nouriel, @prchovanec, Naked Capitalism, @pdacosta
Forbes investor doesn’t think it’s worth $400 million
Fortune
Forbes Media may sell for $400 million. But its largest outside shareholder thinks it’s worth much less.
shared by @retheauditors, @niubi, @PreetaTweets
Fortune
Forbes Media may sell for $400 million. But its largest outside shareholder thinks it’s worth much less.
shared by @retheauditors, @niubi, @PreetaTweets
How MF Global’s ’missing’ $1.5 billion was lost — and found
Fortune
Last week a trustee won a court order that will likely lead to a complete recovery of the $1.5 billion shortfall left in customer accounts after Jon Corzine’s MF Global crashed and burned in October 2011. So, was the money never really missing in the first place? And is Corzine off the hook?
shared by @finansakrobat, @ritholtz, @retheauditors, Here Is The City, @IvanTheK
Fortune
Last week a trustee won a court order that will likely lead to a complete recovery of the $1.5 billion shortfall left in customer accounts after Jon Corzine’s MF Global crashed and burned in October 2011. So, was the money never really missing in the first place? And is Corzine off the hook?
shared by @finansakrobat, @ritholtz, @retheauditors, Here Is The City, @IvanTheK
Geithner Joins Warburg in Shift to Buyouts From Bailouts
Bloomberg
As Treasury secretary, Timothy Geithner oversaw the bailouts of the country’s biggest banks, brought down by hundreds of billions of mortgage securities the lenders had bought to boost profit.
shared by @bclund, Here Is The City, Crossing Wall Street, @HamzeiAnalytics, @TimOBrien
Bloomberg
As Treasury secretary, Timothy Geithner oversaw the bailouts of the country’s biggest banks, brought down by hundreds of billions of mortgage securities the lenders had bought to boost profit.
shared by @bclund, Here Is The City, Crossing Wall Street, @HamzeiAnalytics, @TimOBrien
Why No Bankers Go to Jail
Bloomberg
So, what explains the hesitance to bring to justice those who contributed to the worst economic crisis since the Great Depression?
shared by @AmerBanker, @ritholtz, Naked Capitalism, reddit/Economics
Bloomberg
So, what explains the hesitance to bring to justice those who contributed to the worst economic crisis since the Great Depression?
shared by @AmerBanker, @ritholtz, Naked Capitalism, reddit/Economics
U.S. Agencies to say Bitcoins Offer Legitimate Benefits
Bloomberg
The Department of Justice said Bitcoins can be “legal means of exchange” at a U.S. Senate committee hearing, boosting prospects for wider acceptance of the virtual currency.
shared by @Alea_, @planetmoney, @louisestory, @MattGoldstein26
Bloomberg
The Department of Justice said Bitcoins can be “legal means of exchange” at a U.S. Senate committee hearing, boosting prospects for wider acceptance of the virtual currency.
shared by @Alea_, @planetmoney, @louisestory, @MattGoldstein26
Valuing the Free Digital Economy
New Yorker
Ever since Netscape made the decision to give away its browser, free has been more the rule on the Net than the exception. A huge chunk of the time we spend online is spent consuming stuff that we don’t pay for. Economically, this makes for an odd situation: digital goods and services are everywhere you look, but their impact is hard to see in economic statistics.
shared by @izakaminska, reddit/Economics, @ezraklein, @MarkThoma
New Yorker
Ever since Netscape made the decision to give away its browser, free has been more the rule on the Net than the exception. A huge chunk of the time we spend online is spent consuming stuff that we don’t pay for. Economically, this makes for an odd situation: digital goods and services are everywhere you look, but their impact is hard to see in economic statistics.
shared by @izakaminska, reddit/Economics, @ezraklein, @MarkThoma
Japan’s Banks Find It Hard to Lend Easy Money
Wall Street Journal
The dearth of borrowers illustrates the reality behind Japan’s economic-policy experiment: It is easier to increase the money supply than to get people to put the cash to work.
shared by @LaurenLaCapra, NYT Dealbook, Naked Capitalism, reddit/Economics
Wall Street Journal
The dearth of borrowers illustrates the reality behind Japan’s economic-policy experiment: It is easier to increase the money supply than to get people to put the cash to work.
shared by @LaurenLaCapra, NYT Dealbook, Naked Capitalism, reddit/Economics
Young people aren’t reliable predictors of tech trends. So where does that leave Snapchat?
Wall Street Journal
We all tend to assume that young people are on the technological vanguard, knowing what "the next big thing" will be. But they are often wrong.
shared by @johnpmcdermott, @LSPollack, @BuzzFeedBen, @ezraklein
Wall Street Journal
We all tend to assume that young people are on the technological vanguard, knowing what "the next big thing" will be. But they are often wrong.
shared by @johnpmcdermott, @LSPollack, @BuzzFeedBen, @ezraklein
Reporter on Unpublished Bloomberg Article Is Suspended
New York Times
After disputing reports that top editors had killed an article on China for political reasons, Bloomberg News suspended the reporter Michael Forsythe.
shared by @TheStalwart, @AntDeRosa, @prchovanec, @newsycombinator
New York Times
After disputing reports that top editors had killed an article on China for political reasons, Bloomberg News suspended the reporter Michael Forsythe.
shared by @TheStalwart, @AntDeRosa, @prchovanec, @newsycombinator
Bloomberg’s alleged spiking of China story gets Taiwanese animation treatment
YouTube
shared by @joshchin, FT Alphaville, @niubi, @taniabranigan, @felixsalmon
YouTube
shared by @joshchin, FT Alphaville, @niubi, @taniabranigan, @felixsalmon
Federal Reserve considering a delay to Volcker rule
Financial Times
The Federal Reserve is considering a delay in the compliance date for the highly anticipated Volcker regulation, giving banks additional time to conform with its provisions, according to people familiar with the matter.
shared by @LaurenLaCapra, @MarkThoma, @sdebevec1, @ToddSullivan
Financial Times
The Federal Reserve is considering a delay in the compliance date for the highly anticipated Volcker regulation, giving banks additional time to conform with its provisions, according to people familiar with the matter.
shared by @LaurenLaCapra, @MarkThoma, @sdebevec1, @ToddSullivan
Secular Stagnation, Coalmines, Bubbles, and Larry Summers
New York Times
Virtue as vice: The new normal?
shared by @izakaminska, @prchovanec, Naked Capitalism, @ObsoleteDogma
New York Times
Virtue as vice: The new normal?
shared by @izakaminska, @prchovanec, Naked Capitalism, @ObsoleteDogma
Caught in Unemployment’s Revolving Door
New York Times
Some economists fear that the long-term unemployment crisis affecting millions of Americans might be a permanent change, with far-reaching and damaging consequences.
shared by @LaurenLaCapra, @kevinroose, @tomkeene, @unsocialmedium
New York Times
Some economists fear that the long-term unemployment crisis affecting millions of Americans might be a permanent change, with far-reaching and damaging consequences.
shared by @LaurenLaCapra, @kevinroose, @tomkeene, @unsocialmedium
Crystal meth shame of UK bank chief
Mail Online
The Rev Paul Flowers, a Methodist minister, was filmed buying the substances just days after he was grilled by MPs on the Treasury Select Committee over the bank’s disastrous performance.
shared by @AnjuliDavies, @spignal, @davidenrich, @BBC_Joe_Lynam
Mail Online
The Rev Paul Flowers, a Methodist minister, was filmed buying the substances just days after he was grilled by MPs on the Treasury Select Committee over the bank’s disastrous performance.
shared by @AnjuliDavies, @spignal, @davidenrich, @BBC_Joe_Lynam
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