Satya Nadella – Microsoft’s CEO
microsoft.com
Microsoft introduces its new CEO: Satya Nadella. Biography, Photos and Videos.
shared by @felixsalmon, @counterparties, @AntDeRosa
 

Dude, it’s going to be a bloodbath – 15% layoffs at Dell
ZeroHedge
Curious why Michael Dell was so eager to take the company he founded private? So he could do stuff like this without attracting too much attention.
shared by @TFMkts, reddit/Economics, @SimoneFoxman, @JacobWolinsky
 

A Mis-Leading Labor Market Indicator
New York Fed
The unemployment rate is a popular measure of the condition of the labor market. What other measures are useful to supplement our understanding of the degree of the labor market recovery?
shared by @TheStalwart, @NYFed_news, @M_C_Klein, @BCAppelbaum
 

Demography and Employment (Wonkish)
New York Times
What demographic adjustment does and doesn’t show.
shared by @TheStalwart, @MarkThoma, reddit/Economics, @ObsoleteDogma
 

NY Fed Says Job Market Is Great, Really
Bloomberg
shared by @TheStalwart, reddit/Economics, @delong, @CardiffGarcia
 

Draghi Said to Seek German Support on Bond Sterilization
Bloomberg
European Central Bank President Mario Draghi would only consider ending the sterilization of crisis- era bond purchases if he’s openly backed by the Bundesbank, according to two euro-area central bank officials familiar with the debate.
shared by @YanniKouts, @LorcanRK, @TFMkts, @EfiEfthimiou
 

U.S. companies pinched by pressure to hold down prices, hindering recovery
Wall Street Journal
American companies are struggling with falling prices for a number of their key products amid intense competition and pressure from cost-conscious customers.
shared by @nancefinance, @volatilitysmile
 

Young Bankers Seek ‘Good Yield’ With Their Own Nonprofits
Bloomberg
The founders of the Resolution Project don’t dwell on generosity or charity when they describe why their nonprofit mentors and funds young leaders. They favor the language of finance.
shared by @ryanchittum, @JohnLothian, Crossing Wall Street
 

It’s the hot money, stupid
Financial Times
There is a destabilising force pounding its way through the global economy, generating untold chaos in its wake. You can’t see it, you can’t touch it, and you definitely can’t kill it. At best, you can scare it away (temporarily). Sometimes, if you’re lucky and it serves your interests, you can woo it back as well. What we’re talking about, of course, is idle capital, the sort that greedily seeks out guaranteed returns without any respect for conditionality, commitment or risk. Something also frequently referred to as ‘hot money’.
shared by @ritholtz, Reformed Broker
 

Emerging markets risk repeating eurozone blunder of synchronised tightening
The Telegraph
Where have seen this screenplay before? A string of countries tighten policy at the same time – some drastically – in order to prevent capital flight and show investors how tough they can be. Turkey, South Africa, and India all raised rates last week. Brazil and Indonesia did so before.
shared by @edwardnh, @EconBrothers, Naked Capitalism, @mhewson_CMC
 

How Economics PhDs Took Over the Federal Reserve
HBR
The Fed used to be run by bankers and lawyers. Now the economics professors have taken charge.
shared by @ModeledBehavior, @M_C_Klein, @brianmlucey, reddit/Economics
 

Macro Hedge Funds Suffer Despite Industry Boom
ai-cio.com
Poor performance and outflows began in 2008 and haven’t let up for the once-desirable macro and managed futures strategies, according to eVestment.
shared by @JacobWolinsky, @hedge_funds
 

A Lonely Bet Against Portugal’s Debt
New York Times
David Salanic, the chief executive of the hedge fund Tortus Capital, says he believed that Portugal would soon default on its private sector bonds — in the same way Greece did in 2012.
shared by @TonyTassell, @JacobWolinsky, @hedge_funds, @wonkmonk_, @MattGoldstein26
 

Piketty and the case for land capital
Financial Times
I hesitate – to say the least – to critique the central argument in French economist’s Thomas Piketty’s new book Capital in the 21st Century. The author, an inequality expert, is distinguished. The work is acclaimed. The book’s empirical detail is already the stuff of legend.
shared by Free Exchange, @ModeledBehavior, @Noahpinion, @ryanchittum
 

You Can Thank or Blame Richard Stanger for Writing 401(k)
Bloomberg
We’ve been looking for someone who was involved in actually writing section 401(k) of the U.S. tax code more than 35 years ago, read the e-mail to Richard Stanger. “Yes, that’s me,” he wrote back.
shared by @jasonzweigwsj, @BarbarianCap, @AlephBlog, Abnormal Returns
 

Private equity’s new tax problem
Fortune
A dividend by any other name is still a dividend. And it should be taxed as one. Dear private equity: You may have a new tax problem.
shared by @ObsoleteDogma, @Noahpinion, @EpicureanDeal, Abnormal Returns