More than one in six men ages 25 to 54, prime working years, don’t have jobs.
Wall Street Journal
Technology and Globalization Transform Employment Amid Slow Economic Recovery
shared by @MattGoldstein26, @BCAppelbaum, @GTCost, Naked Capitalism, @Noahpinion, @bobivry
 

Lawsky Said to Open Currency Probe of Over Dozen Banks
Bloomberg
Benjamin Lawsky, New York’s top financial regulator, has asked more than a dozen banks including Goldman Sachs Group Inc. and Deutsche Bank AG for documents related to their currency trading practices.
shared by @davidenrich, @JamesGRickards, @JohnLothian, @nasiripour, @NicTrades
 

Currency Market Unsettled by Trader Exits on Lawsky Probe
Bloomberg
The foreign-exchange trading business was in upheaval across Wall Street as senior executives resigned and others were fired amid an expanding probe of possible currency manipulation.
shared by @StockJockey, Here Is The City, @BarbarianCap
 

Shadow banks step out to fund mid-market corporate America
Financial Times
More than a quarter of the loans extended last year to middle-market US companies – the beating heart of corporate America – were issued by shadow banks that fall outside the realm of traditional finance.
shared by NYT Dealbook, @nasiripour
 

Dutch Bankers Swear to God as Trust in Lenders Slumps
Bloomberg
“I swear that I will do my utmost to preserve and enhance confidence in the financial-services industry. So help me God.”
shared by @davidenrich, @nasiripour, @EfiEfthimiou
 

Puerto Rico needs to prepare for its default
Reuters
Ryan McCarthy has a good round-up of Puerto Rico’s debt problems, which have now been exacerbated by S&P downgrading the island’s bonds to junk status.
shared by NYT Dealbook, @TimHarford, Marginal Revolution, @munilass
 

Is The New Abnormal Threatening A Comeback?
The Capital Spectator
shared by Abnormal Returns, Reformed Broker, @JacobWolinsky
 

Free Trade Disagreement
New York Times
Are globalization and transparency in government in conflict?
shared by @ryanchittum, Naked Capitalism, @nasiripour, @vali_nasr
 

Bitcoin is far more than a currency for speculators
Financial Times
Bitcoin is being forced to grow up fast. The arrest last week on money laundering charges of Charlie Shrem, a leading Bitcoin champion, coincided with a regulatory hearing in New York to consider what on earth it is.
shared by @ryanchittum, @FGoria, @IvanTheK, @M_C_Klein
 

Apple Yanks World’s Most Popular Bitcoin Wallet From App Store
Wired
Apple has pulled Blockchain — a popular bitcoin wallet app — from its App Store.
shared by @Techmeme, @ReformedBroker, @Alea_, Reformed Broker, @Kiffmeister
 

Maintaining Ethics in the Move From Regulator to Regulated
New York Times
Life is fraught for financial watchdogs who switch to the private sector, especially if they try to have standards, writes Jesse Eisinger in The Trade column.
shared by @LaurenLaCapra, @mccarthyryanj, Naked Capitalism, @ryanchittum
 

Buffett widens lead in $1 million hedge fund bet
Fortune
Results are in for the sixth year of the competition sometimes called the $1 million bet, In year six of ten-year performance wager, index fund wallops hedge funds.
shared by @hedge_funds, @ReformedBroker, Reformed Broker
 

Solow responds to Mankiw on the 1%
aeaweb.org
shared by Marginal Revolution, @M_C_Klein, reddit/Economics, @delong