Chinese Textile Mills Are Now Hiring in Places Where Cotton Was King
New York Times – 2 hours ago
Chinese textile manufacturers drawn by cheap cotton, falling labor costs and government incentives are helping revive depressed mill towns in the American South.
@conorsen: High-cost Chinese manufacturers moving production to the low-cost American Sun Belt: [link]
@ATabarrok: RT @UpdatedPriors: Americans stealing Chinese jobs !!11!!!!! [link]
@Noahpinion: "They’re quick learners", a Chinese manager says of American workers. Chinese companies opening factories here: [link]
@interfluidity: #TPP free trade: “negoti8rs…pushing…rules…require apparel makers…use yarn from…trade zone to enjoy tariff reductions” [link]
@cate_long: “I never thought the Chinese would be the ones bringing [US] textile jobs back” [link] Amazing story re shifts in trade.
@moorehn: Apparently Chinese textile mills realize they can people less by moving to the American South. [link]
Small Pool of Rich Donors Dominates Election Giving
New York Times – 22 hours ago
Presidential candidates have grown deeply dependent on the contributions of a tiny slice of the richest Americans as “super PACs” have raised money much more quickly than hopefuls could have on their own.
@MParekh: New records: "Small Pool of Rich Donors Dominates Election Giving" #Politics #SuperPACs #SCOTUS $$ [link]
@mims: Just 400 American families are responsible for half the presidential campaign donations (so far) [link]
@cafreeland: RT @nickconfessore: How inequality and the courts beget a New Gilded Age: Just 400 families in America are paying for half the campaign. ht…
@reddy: Just 130 families & their businesses provided more than half the money raised so far by GOP candidates & super PACs. [link]
@blakehounshell: RT @tripgabriel: Astonishing & unprecedented: Fewer than 400 families gave nearly half of the $$$ raised in presidential race [link]…
@memeorandum: Small Pool of Rich Donors Dominates Election Giving (New York Times) [link] [link]
@ianbremmer: Less than 400 Families50% of all 2016 US Campaign Funds [link]
@pdacosta: “The question is whether we are in a new Gilded Age or well beyond it — to a Platinum Age.” [link]
Channel 4’s Paul Mason reveals his formula for a ’gift’ economy
The Independent – 9 hours ago
Paul Mason wants to replace capitalism with a "gift economy". As if to explain, I am greeted at the door of his Victorian cottage in Kennington, south London, by Lottie, his 11-month-old puppy. She brings me a pink toy rabbit. I take it pol...
@MadameButcher: Paul Mason; "My interests are classic petit bourgeois." [link]
@RobinWigg: RT @katie_martin_fx: An interesting aside here on impartiality, from Paul Mason, who calls Greeks who don’t agree with him Nazis. http://t…
@paulmasonnews: RT @JohnRentoul: "I’m not setting myself up as the new Marx." My interview with @paulmasonnews for @IndyOnSunday New Review [link]…
@peter_tl: RT @JohnRentoul: "I’m not setting myself up as the new Marx." My interview with @paulmasonnews for @IndyOnSunday New Review [link]…
@katie_martin_FX: An interesting aside here on impartiality, from Paul Mason, who calls Greeks who don’t agree with him Nazis. [link]
Biden considers his future amid pressure to make a bid for president
Washington Post – 14 hours ago
Along with sympathy, encouragement in the wake of his son’s death, the vice president is hearing calls to run.
@NKingofDC: RT @GlennThrush: This excellent @pkcapitol @danbalz @ktumulty seems closest to the mark on Biden to me: He’s under a lot of pressure. http:…
@morningmoneyben: RT @GlennThrush: This excellent @pkcapitol @danbalz @ktumulty seems closest to the mark on Biden to me: He’s under a lot of pressure. http:…
@JohnJHarwood: RT @ktumulty: More, um, *nuanced* version of what’s going on with Joe Biden. With @danbalz @pkcapitol [link]
@brianstelter: RT @ktumulty: More, um, *nuanced* version of what’s going on with Joe Biden. With @danbalz @pkcapitol [link]
@meganmurp: RT @stevenjay: our Biden story: "no indication he has taken any serious steps toward launching what would be a challenging campaign" http:/…
@lrozen: RT @laurameckler: Kudos to WaPo for noting my @WSJ colleagues’ reporting in June on Biden sons pushing VP to run. [link]
We’re Making Life Too Hard for Millennials
New York Times – 1 day ago
Blame the baby boomers for the dangerous combination of burdensome debt and thin paychecks.
reddit/Economics: We’re Making Life Too Hard for Millennials
@kairyssdal: RT @dellavolpe: "Let’s at least start w/ greater acknowledgement of plight..." > [link] NYTimes: We’re Making Life Too Hard…
@LaurenYoung: We’re Making Life Too Hard for Millennials [link]
@memeorandum: We’re Making Life Too Hard for Millennials (Steven Rattner / New York Times) [link] [link]
@elerianm: .@NYTimes @SteveRattner re #millennials :“most educated generation in history is on track tobecoming less prosperous” [link]
@jposhaughnessy: We’re Making Life Too Hard for Millennials [link]
After Deal, Europeans Are Eager to Do Business in Iran
New York Times – 13 hours ago
The rush to restart trade with Iran could make it more complicated to renew sanctions if the nuclear deal brokered by the United States falls apart.
@vali_nasr: After Deal, Europeans Are Eager to Do Business in #Iran [link]
@lrozen: RT @MohsenMilani: After #IranDeal, Europeans Are Eager to Do Business in Iran. "When can we go to Iran," lots of American clients ask.http…
@HotlineJosh: RT @mdubowitz: Phil Gordon clarifies what many of us have said on how grandfather clause undercuts snapbacks. [link] http:/…
Joe Biden Said to Be Taking New Look at Presidential Run
New York Times – 21 hours ago
The vice president’s advisers are reaching out to Democrats who have not yet committed to Hillary Rodham Clinton or are concerned she is vulnerable.
@ModeledBehavior: If you cut out the useless boring crap about Tom Brady, an actually interest Dowd column on whether Biden will run [link]
@cate_long: RT @caribnews: BREAKING -- Sources: Vice President Joe Biden is beginning to explore a presidential campaign for 2016 - @nytimes http://t.c…
@blakehounshell: Popcorn.gif RT @dylanlscott: oh boy [link]
@memeorandum: Joe Biden Said to Be Taking New Look at Presidential Run (@amychozick / New York Times) [link] [link]
@morningmoneyben: The Biden strategy, wait and see if Clinton melts down and the party needs a savior, makes sense. via @nytimes [link]
@HotlineJosh: RT @BreakingNews: Sources: Vice President Joe Biden is beginning to explore a presidential campaign for 2016 - @nytimes [link]…
@DougKass: VP Biden is considering a challenge to Hilary Clinton.[link]
@brianstelter: First @NYTimesDowd’s column, now this by @amychozick: "Joe Biden is said to be taking new look at presidential run" [link]
@jyarow: RT @amychozick: Joe Biden Said to Be Taking New Look at Presidential Run [link] [link]
@ThemisSal: RT @DougKass: VP Biden is considering a challenge to Hilary Clinton.[link]
@savitz: Run, Joe, run! [link]
@DavidClinchNews: RT @joshpetri: ([link]) [link]
@lrozen: RT @nytimes: Exclusive: Joe Biden is said to be taking new look at presidential run[link]
In conversation with El Pais (Claudi Pérez), the complete (long) transcript
Yanis Varoufakis – 3 hours ago
Claudi Pérez, of El Pais, inteviewed me in our Athens apartment last week. Here is the article that emerged recently in El Pais. The complete, unedited, transcript (in English) follows:
Low oil prices are lasting a lot longer than petro-rulers thought they would
Quartz – 13 hours ago
The extended plunge makes life a lot less comfortable for leaders who rely on oil to rule.
Weighing the Week Ahead: Will Soft Economic Data Confirm the Commodity Price Message?
dashofinsight.com – 10 hours ago
Recent weeks have emphasized markets (especially declining commodity prices) as a read on the economy. This week’s full slate of data will provide a reality check on that interpretation. The punditry will be asking: Will July economic data ...
Day of losses seen ahead for reopened Greek stock market
Reuters – 4 hours ago
Greek traders said on Sunday theyexpected a torrid day of losses when the Athens stock marketopens after being shuttered for five weeks as part of attemptsto stop Greece’s financial collapse.A
Hey, investment cranks: The Internet never forgets
Washington Post – 1 day ago
Most financial forecasts and predictions online are junk. Intelligent investors, ignore the noise.
@ritholtz: Today, any idiot with an ETrade account has instant access to a megaphone to broadcast his own imbecility [link]
@Noahpinion: RT @michaelsderby: Wash Post: Last few years have been bad for the economic perma-bears, dollar doomsayers and hyperinflation worries. http…
The Big Picture: How to sort through garbage online investment advice
@jposhaughnessy: Hey, investment cranks: The Internet never forgets [link]
Abnormal Returns: Sunday links: why traders struggle
@michaelsderby: The last few years have been pretty bad for the economic prema-bears, dollar doomsayers and hyperinflation worries. [link]
@pmarca: RT @michaelsderby: Wash Post: Last few years have been bad for the economic perma-bears, dollar doomsayers and hyperinflation worries. http…
Monetary policy at the zero lower bound
VOX – 11 hours ago
@MarkThoma: Monetary policy at the zero lower bound - Vox EU [link]
@lindayueh: Since early 2009, the Bank of England’s key policy rate has been 0.5% & average real Bank rate has been negative 2.2% [link]
Economist's View: Links for 08-02-15
@firoozye: Monetary policy at the zero lower bound [link]
As Fed Rate Rise Nears, Traders Obsess Over Data
Wall Street Journal – 5 hours ago
Traders are scouring once-overlooked economic data for clues to the timing of the Federal Reserve’s first interest rate rise in years.
With solid results in hand, Third Point defends activism
CNBC – 18 hours ago
In a newly-released investor letter, Third Point’s chief Dan Loeb defended modern-day activist techniques.
10 Quick Topics to Brighten Your Summer -- The Motley Fool
fool.com – 1 day ago
A little optimism.
@Jesse_Livermore: RT @TMFHousel: Ten quick topics to brighten your summer [link]
@ritholtz: 10 Quick Topics to Brighten Your Summer -- The Motley Fool [link]
@abnormalreturns: How dare you @TMFHousel!?! Ten things to be optimistic about: [link] $$
The Big Picture: 10 Sunday Reads
@jposhaughnessy: 10 things to brighten your day from @TMFHousel [link]
@EddyElfenbein: RT @TMFHousel: Ten quick topics to brighten your summer [link]
Abnormal Returns: Sunday links: why traders struggle
Is Big Data the answer to all our problems?
orderstatistic.wordpress.com – 11 hours ago
Noah Smith recently commented on a Malcom Gladwell talk in which he (Gladwell) expressed doubts about the promise of “Big Data.” When people use the term “Big Data” they are often referring to dat...
Revealed: sport’s dirtiest secret
thesundaytimes.co.uk – 19 hours ago
@MalcolmMoore: RT @thesundaytimes: Tomorrow’s front page - Revealed: sport’s dirtiest secret [link] #dopingscandal [link]
@AnjuliDavies: RT @thesundaytimes: Tomorrow’s front page - Revealed: sport’s dirtiest secret [link] #dopingscandal [link]
@raju: RT @thesundaytimes: Tomorrow’s front page - Revealed: sport’s dirtiest secret [link] #dopingscandal [link]
The Slow Death of American Entrepreneurship
fivethirtyeight.com – 17 hours ago
Mark Zuckerberg was a billionaire before age 30 and investors are fretting over the prospect of an another tech bubble, but according to the data, U.S. entrepreneurship is on the decline. Americans…
Myths about millennials
The Economist – 2 days ago
ONE of the perks of getting old is that you are allowed to talk nonsense about the young. Plato was said to have complained that young people “disrespect their...
Elon Musk’s Most Impressive Company Isn’t Tesla or SpaceX. It’s SolarCity.
Slate – 16 hours ago
There’s a huge, ongoing, and justifiable obsession with Elon Musk and his ventures—chiefly Tesla, the electric car manufacturer, and SpaceX, his private spacecraft business. It’s not surprising a biography of the man was a best-seller this ...