SEC Majority Wants to Review Exchanges’ Special Status
Bloomberg
A majority of the five-member U.S. Securities and Exchange Commission wants the agency to review whether stock exchanges should continue to have regulatory roles that include overseeing members who may run competing venues.
shared by @JoeSaluzzi, @SimoneFoxman, @ThemisSal
 

Blankfein Says Emerging Markets in Better State Than in ’98
Bloomberg
Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein said emerging markets are better able to weather an investor retreat now than in 1998, when currency turmoil spread and forced international bailouts.
shared by @FGoria, @JohnLothian, Crossing Wall Street
 

Borrowing costs are taking off in China, raising new risks
Wall Street Journal
Borrowing costs for Chinese companies are rising strongly, a shift that could herald weaker corporate profits, slower economic growth and even the first defaults by increasingly indebted corporations.
shared by @JacobWolinsky, FT Alphaville, @prchovanec
 

Fed Researcher Thinks Banks Are Getting Lazier
Bloomberg
Banks are relying on CDS markets to do their credit risk monitoring for them, which is a little awkward.
shared by @JacobWolinsky, Naked Capitalism
 

Ten ways you’re probably leaving money on the table
Wall Street Journal
Tax-advantaged accounts, property-tax appeals, insurance discounts. They’re all there for the taking—but many people don’t.
shared by Reformed Broker, @AlephBlog, @moorehn
 

Frequently Asked Questions About CBO’s Estimates of the Labor Market Effects of the Affordable Care Act
cbo.gov
CBO answers a few questions it has received about last week’s analysis of the labor market effects of the Affordable Care Act.
shared by @CenterOnBudget, @TheStalwart, @markgongloff, @AntDeRosa
 

Courts, voters and the threat of another euro crisis
Financial Times
Two German institutions have now objected to the policies underpinning the euro.
shared by @rodrikdani, @FGoria, Naked Capitalism, @mhewson_CMC
 

Europe or Democracy? What German Court Ruling Means for the Euro
Der Spiegel
Germany’s Constitutional Court ruling last Friday marks a significant escalation in efforts to rein in the European Central Bank. The ruling’s message? Either the European Court of Justice has to stop bond purchases or German justices will.
shared by @ObsoleteDogma, @edwardnh, @EconBrothers, @Pawelmorski, @lucymarcus
 

Be happy that Stan Fischer worked at Citi
Reuters
Fischer is probably the best central banker in the world; it would be completely insane for the Senate to block him. Especially given that he brings some of the actual banking experience that the Fed so desperately needs.
shared by @mark_dow, @ReformedBroker, @MarkThoma, @IvanTheK, FT Alphaville
 

Boomers Turn On, Tune In, Drop Out of U.S. Labor Force
Bloomberg
Labor force participation drops, dependency ratio rises as baby boomers exit labor force.
shared by Abnormal Returns, Naked Capitalism, @TheIntuitInvest, Reformed Broker
 

Justice Department Sued Over $13 Billion JPMorgan Pact
New York Times
In its complaint, the nonprofit group Better Markets argues that the Justice Department violated the constitutional principle of separation of powers when it “unilaterally” struck the deal with JPMorgan Chase without a judge’s blessing.
shared by @JoeSaluzzi, Crossing Wall Street, @moorehn
 

Icahn’s letter to Apple shareholders
shareholderssquaretable.com
shared by @kaylatausche, Business Insider, NYT Dealbook, FT Alphaville, @JacobWolinsky
 

Netflix performance on Verizon and Comcast has been dropping for months
Ars Technica
Latest Netflix data shows some ISPs struggling, while Google Fiber soars.
shared by @howardlindzon, @newsycombinator, @Techmeme
 

Are the UK floods Cameron’s Katrina?
mainly macro
Are the UK floods Cameron’s Katrina?
shared by @ritholtz, @MarkThoma, @TimHarford, @D_Blanchflower
 

How many hours of minimum wage work it takes to earn a beer
Quartz
Throwing back a cold one can be a costly affair—especially if you’re living off the minimum wage in a country like Georgia or Bangladesh. How do we know that? Because we made a Beer Index.
shared by @MichaelKitces, reddit/Economics, @Noahpinion, @JustinWolfers
 

Janet Yellen – Semiannual Monetary Policy Report to the Congress, annotated on Rap Genius
rapgenius.com
shared by @felixsalmon, @BCAppelbaum