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EUROPE
Leaked Confession:
Cesspool Of Greek-German Corruption – Testosterone
Pit
Happy New Year Euro
Zone. Now Reform. – WSJ
Poverty in Italy has reached its highest level in at least 16 years as
the economic crisis has bitten, driving up unemployment and cutting wages,
according to a report on social cohesion.
UNITED STATES
What Comes After the
Evan's Rule? – Tim
Duy’s Fed Watch
The end of the Evan's rule is fast approaching. The Fed does not have a backup plan other
than talk. Are there new rules
ahead? Or is it all discretion? And could you get a divided Fed to agree to
new dovish rules in any event? They
don't seem eager to change the thresholds.
How much stress will force their hand?
Might be tough times for Fed communications ahead.
Why S&P 500
Profit Margins Will Stay Fatter For A Long Time – BI
MACRO NUMBERS
Case-Shiller: Press Release and Graphs – Calculated
Risk
Chicago PMI Tumbles As
Inventories Collapse Most Since 1977 – ZH
Consumer Confidence Jumps Most In 6 Months As "Hope" Soars – ZH
Consumer Confidence: A December Bounce – dshort
Consumers End 2013 on a Happy Note – WSJ
Vital Signs: Consumers Experience Fewer Labor Pains – WSJ
OTHER
The Best Financial
Advice I Ever Got (or Gave) – WSJ
Wisdom from 22 successful investors.
When it comes to
current account imbalances, one nation stands out – Sober
Look
FINNISH
Lisää säästöjä tai Suomen AAA-luokitus lähtee – Verkkouutiset
Suomen
valtionlainojen parhaan mahdollisen kolmen A:n luottoluottoluokituksen
pitäminen vaatii kahden miljardin euron säästöt kevään kehysriihessä.
Onko olemassa talouspolitiikkaa ilman
rahapolitiikkaa? – Tyhmyri
Eero Heinäluoma yhteisvaluutta eurosta –
ettei kuitenkin liian vähän liian myöhään – Tyhmyri
Suomella meni pitkään liian hyvin – entä nyt? – TalSa
Kotimaan
yhteiskunnallinen keskustelu junnaa pikkuasioissa, ja tulevaisuuden
kohtalonkysymykset jäävät hyvin vähälle huomiolle. Yksi syy Suomen henkiseen
tilaan voi olla se, että täällä meni liian kauan todella hyvin. Kysyimme
kolmelta eri alan vaikuttajalta, mistä Suomessa pitäisi puhua. Jokaisen mukaan
suunnanmuutosta tarvitaan pikaisesti.
OFF-TOPIC
The Moon Hours – The
New Yorker
(1969) Reporters tell
their side of the moon landing story
Cheating at Chess and Other Pastimes – Bloomberg
The high-tech,
high-stakes of cheating.
How Your Data Are
Being Deeply Mined – The
New York Review of Books
Best of Book Bits
2013 (Part II) – Capital
Spectator
Cameron's internet
filter goes far beyond porn - and that was always the plan – New
Statesman
Through secretive negotiations with ISPs, the coalition has divided the
internet into 'acceptable' and 'unacceptable' categories and cut people off
from huge swathes of it at the stroke of a key.
How Iron Maiden
turned piracy into paying customers – Citeworld
The Five Paths To
Being The Best At Anything – Bakadesuyo
Hand signals help
restaurant servers communicate – WaPo
The Greatest Gift of
All (Economically Speaking) – BB
In January 1993, Joel Waldfogel asked 86 undergraduate students whether
they liked their Christmas gifts. But Waldfogel is an economist, so he phrased
the question more precisely, asking them how much they would’ve paid to buy
those items for themselves.
An economist’s guide
to gift-giving – WaPo
In January
1993, Joel Waldfogel asked 86 undergraduate students whether they
liked their Christmas gifts. But Waldfogel is an economist, so he phrased the
question more precisely, asking them how much they would have paid to buy those
items for themselves.
Jesse Willms, the
Dark Lord of the Internet – The
Atlantic
How one of the most notorious alleged hustlers in the history of
e-commerce made a fortune on the Web
Documents Reveal Top
NSA Hacking Unit – Spiegel
The NSA's TAO hacking
unit is considered to be the intelligence agency's top secret weapon. It
maintains its own covert network, infiltrates computers around the world and
even intercepts shipping deliveries to plant back doors in electronics ordered
by those it is targeting.
Shopping for Spy
Gear: Catalog Advertises NSA Toolbox – Spiegel
After years of speculation that electronics can be accessed by
intelligence agencies through a back door, an internal NSA catalog reveals that
such methods already exist for numerous end-user devices.
NSA's Secret Toolbox:
Unit Offers Spy Gadgets for Every Need – Spiegel
The NSA has a secret unit that produces special equipment ranging from
spyware for computers and cell phones to listening posts and USB sticks that
work as bugging devices. Here are some excerpts from the intelligence agency's
own catalog.
In Speed Metal, Fastest Drummers Take a Beating – WSJ
Few Humans Can Keep Up
in Battle With Drum Machines
Computers Jump to the Head of the Class – NYT
If a computer could
ace the entrance exam for a top university, what would that mean for mere
mortals with average intellects?