Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
google_ad_section_start By Ju-min Park SEOUL (Reuters) – Resentment has mounted so much in South Korea against what has come to be known as “gabjil”, high-handedness by the rich and powerful, that parliamentarians are proposing legislation to punish some of the worst abuses. A bill to be presented in the national assembly this month is formally…
A bunch of 12-year-old kids had their hearts broken this week. Jackie Robinson West, a team from Chicago’s South Side, won the U.S. title at the 2014 Little League World Series. They achieved their dream in dramatic fashion. I remember watching their pitcher give up the go-ahead homer against Nevada in the title game and…
U.S. import prices recorded their biggest drop in six years in January as prices fell broadly, a sign that domestic inflation pressures could remain muted for a while. The Labor Department said on Friday import prices tumbled 2.8 percent last month, the largest decline since December 2008, after sliding by a revised 1.9 percent in…
Remember how workers were supposed to retire and open up higher positions and jobs for young people to move in to? That’s not happening because retirement is basically dead! Instead we’ll get grayternships, where older workers who would normally have retired now will get transformed in to bankers who I AM SURE will do trustworthy…
It’s a NIRP world and you are either in it, or are determined to lose the currency wars. And hours ago, the world’s oldest central bank, that of Sweden, announced that it too would join its NIRP peers in an attempt to preserve its currency’s fighting power in the global currency wars which make a…
article start Americans saved at the pump last month as gasoline prices fell to levels last seen in 2009. But where did that money go? Thursday’s retail-sales report from the Commerce Department didn’t contain many answers. Overall sales fell in January for the second straight month, largely due to a 9.3% decline in sales at gas stations….
Matt Mullenweg’s WordPress content management platform is one of the most influential pieces of software on the Internet, running more than 19 percent of websites (including VentureBeat). But before Automattic, the parent company of WordPress, was on the path to being a billion-dollar company, Mullenweg was simply an eager coder with a healthy attitude for self-experimentation….
I have a theory about money in this age of financial services and valueless commodities which is essentially that there is one big pile of money on the table and the people who are in charge of things let you move the pile around. Sometimes it stops in front of you for a bit before…
Car buyers are borrowing more money than ever to finance the purchase of new and used vehicles. Borrowing terms are growing longer and credit standards more relaxed. Delinquency rates are rising. More and more capital is being raised on securities markets to lend to borrowers with subprime credit. Is an automotive credit bubble forming, similar…
One of President Obama’s top economic advisers says the rest of the world may have too much faith in the U.S. recovery. “If your economic plan is to count on exports to the U.S. [to produce growth], that’s not a plan that I would support,” said Jason Furman, who heads the President’s Council of Economic…