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Links for 07-05-15

No, Puerto Rico Isn't Greece - Paul Krugman Greece and the political capture of the IMF - mainly macro The Inevitable, Indispensable Property Tax - The New York Times The something for nothing culture - Chris Dillow Greece vs Puerto Rico and...



Jeb next...

Jeb next...(Third column, 8th story, link)Related stories:Romney hosts Christies, Rubios at New Hampshire home... ...



Just Because You Seek Does not Mean You Find: NYT Hypes Scare Stories on Obamacare

The NYT headlined a front page piece, "health insurance companies seek big rate increases for 2016." The piece told readers insurance companies "are seeking rate increases of 20 percent to 40 percent or more, saying their new customers...



'Stability of a Market Economy'

"The macroeconomy is inherently unstable and ... booms and busts arise endogenously as the results of market incentives": Stability of a market economy, by Paul Beaudry, Dana Galizia, and Franck Portier, Vox EU: There are two polar...



USA stockpiles powerful bunker-buster bombs in case talks fail...

USA stockpiles powerful bunker-buster bombs in case talks fail...(Second column, 3rd story, link)Related stories:Iran nuclear talks in endgame, negotiators push on sticking points... ...



Parts Of Social-Sharing Site Reddit Go Dark In Apparent User Revolt

After the firing of a key figure at the website, moderators of many of Reddit's most popular sections have gone private in apparent protest.» E-Mail...



Greek banks are down to their final 500 million euros (GREK)

Greek banks are down to their 500 million euros.  Writing in The Telegraph on Thursday, Ambrose Evans-Pritchard cites the head of the Hellenic Chambers of Commerce, who told The Telegraph that, "We are reliably informed that the cash...



These Are The 10 Cities With The Most Adultery

Marriage, which for many is the sign of a loving and intimate relationship, is now a constitutional right of all U.S. citizens. In his widely read dissent, Justice Antonin Scalia asserted that if anything, “freedom of intimacy is abridged rather...



I.M.F. Says Greece Needs Debt Relief, but Blames Government Lapses

A report by the fund amounted to an indictment of the way Prime Minister Alexis Tsipras has governed the country since taking office in...



Thursday assorted links

1. Paul Krugman on Puerto Rico. 2. Dan Klein reviews Arthur Melzer on esoteric writing. 3. Lyft vs. Uber. 4. Trade between guards and prisoners. 5. The world’s tallest cow dies after a lifetime of Photoshop accusations (recommended). 6....



Netflix, Amazon Option Straddles Before Earnings A Win-Win

Netflix and Amazon are a good trade and will pay off if they rise or fall post-earnings, according to Goldman Sachs. The firm is advising its clients to aggressively trade both firms' shares ahead of their earnings reports, says a report from Online...



10 Thursday AM Reads

My “start off your 4 day weekend” morning reads: • Major Asset Classes Performance for 1st half of 2015 (Capital Spectator) • 12 charts and maps that explain the Greek crisis (Vox) see also A...



Camp Alphaville videos: Transhumanism

For those who couldn’t join the FT Alphaville team in the sweltering heat on Wednesday at Camp Alphaville, here’s a recap courtesy of the FT video team. Cardiff Garcia starts by asking Zoltan Istvan — writer, futurist,...



Investors Take Shelter As Greek Referendum Nears

Investors Take Shelter As Greek Referendum Nears by Frank Holmes American industrialist J. Paul Getty once said: “If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s...



The wisdom of Thomas Sowell

Mark Perry today posts a great collection of quotes from Thomas Sowell that demonstrate how the force of logic can pierce the veil of politicians' rhetoric, especially when it comes to Obamacare.Here's just one of the 10 quotes. Read the whole...



ADP: Private Employment increased 237,000 in June

From ADP: Private sector employment increased by 237,000 jobs from May to June according to the June ADP National Employment Report®. ... The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private...



Apple: Analyzing It With Owner Earnings And Free Cash Flow

Apple: Analyzing It With Owner Earnings And Free Cash Flow by Old School Value [klarman] (This post is republished with permission by Peter George Psaras, portfolio manager of Conservative Equity Investment Advisors.) On February 27, 1987 Mr. Warren...



Facebook Offers Option of Paying for Video Ads After 10 Seconds

Does 10 seconds sound like a lot of time? It is when it comes to viewing video ads on Facebook. The Wall Street Journal’s CMO Today blog reported that the social network introduced a new pricing option for advertisers, giving them the...



The world is defenceless against the next financial crisis, warns BIS

The world is defenseless against the next financial crisis, warns BIS - Telegraph http://t.co/2EwFlMGP3b — moneyscience (@moneyscience) June 28,...



MannKind's Afrezza Lags Behind Biggest Failure in Inhaled Insulin

BOSTON (TheStreet) -- The number of prescriptions written for MannKind's inhaled insulin Afrezza are barely making a dent in the diabetes market five months since partner Sanofi launched the product. Afrezza is even under-performing Exubera,...



Facebook Pages See Organic Likes Rise 0.2% in May (Report)

A total of 43.36 percent of Facebook pages advertised on the social network in May, according to the latest research from social analytics and reporting firm Locowise. Locowise also found that: Facebook pages saw organic likes growth...



A guide to the villains and heroes in Greece's financial crisis

Greece has officially said that it won’t pay back the money it owes to the International Monetary Fund by the midnight deadline, and the pressure and scare of a financial crisis is setting in Though Greece has made its piece with a default,...



Fannie Mae, Freddie Mac: Ted Olson’s Appeal Filed

Fannie Mae, Freddie Mac: Ted Olson's Appeal Filed by Todd Sullivan, ValuePlays Ted Olson filed his appeal in the Perry v FHFA/Treasury yesterday. It is 104 pages and goes into stunning detail but below is the cliff note argument for those who...



Chelsea Clinton demands $65,000 for 10-minute speech...

Chelsea Clinton demands $65,000 for 10-minute speech...(Second column, 2nd story, link) ...



Uber Is Operating At A Half A Billion Dollar Loss, Report Claims

Uber is reportedly losing close to half a billion dollars as the company continues to expand its national and global reach. News of the loss arrives after Bloomberg examined a bond prospectus and found the following information. Uber is reportedly...



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Links for 07-05-15

No, Puerto Rico Isn't Greece - Paul Krugman Greece and the political capture of the IMF - mainly macro The Inevitable, Indispensable Property Tax - The New York Times The something for nothing culture - Chris Dillow Greece vs Puerto Rico and...



USA stockpiles powerful bunker-buster bombs in case talks fail...

USA stockpiles powerful bunker-buster bombs in case talks fail...(Second column, 3rd story, link)Related stories:Iran nuclear talks in endgame, negotiators push on sticking points... ...



Jeb next...

Jeb next...(Third column, 8th story, link)Related stories:Romney hosts Christies, Rubios at New Hampshire home... ...



Just Because You Seek Does not Mean You Find: NYT Hypes Scare Stories on Obamacare

The NYT headlined a front page piece, "health insurance companies seek big rate increases for 2016." The piece told readers insurance companies "are seeking rate increases of 20 percent to 40 percent or more, saying their new customers...



'Stability of a Market Economy'

"The macroeconomy is inherently unstable and ... booms and busts arise endogenously as the results of market incentives": Stability of a market economy, by Paul Beaudry, Dana Galizia, and Franck Portier, Vox EU: There are two polar...



ITALIAN HEDGE FUNDER: 'Never, ever marry an American woman'

Italian hedge fund star Davide Serra told a married female New York Times reporter that the advice he gives to his friends is to "never, ever marry an American woman."  According to the NYTimes, Serra finds that American women are too...



Are Grantham And Hussman Correct About S&P 500 Valuations?

Are Grantham and Hussman Correct About S&P 500 Valuations? June 16, 2015 by Larry Swedroe PDF | Page 2 The definition of floccinaucinihilipilification is the estimation of something as valueless. It is rarely used (for obvious reasons) and...



E3 2015: Bethesda Unveils New Apps for The Elder Scrolls, Fallout 4

At its E3 2015 showcase event, game developer Bethesda greatly embraced mobile platforms, announcing three new titles for both smartphones and tablets. On top of the announcement and release of Fallout Shelter on iOS devices, Bethesda...



The Stimulative Effect of Redistribution

The idea of taking from the rich and giving to the poor goes back long before the legend of Robin Hood. This kind of redistribution sounds desirable out of a sense of fairness. However, economists often judge a policy less on whether it is fair, and more...



Businesses Worry About Shouldering Burden of Greek Debt

With Greece virtually broke, the government is looking to raise taxes on businesses to fill its financial...