What We Read Today 21 May 2013
May 21st, 2013
in econ_news, syndication
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list discusses the production (mining) cost of silver ........ and the last article is about Sheila Barr's claim that Dodd-Frank ends taxpayer bailouts.
Coincident Indicator Review: Philly Fed USA Coincident Index Showed Economic Growth in April 2013
May 21st, 2013
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A comparison of US Coincident Index, Aruoba-Diebold-Scotti business conditions index, Conference Board's Coincident Index, ECRI's USCI (U.S. Coincident Index), and Chicago Fed National Activity Index (CFNAI) coincident indicators follows.
Infographic of the Day: The Future Of The Mainframe
May 21st, 2013
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Get the facts from BMC's 6th Annual Mainframe Survey For the 6th year running, BMC has surveyed 1,300 mainframe users worldwide. Why? So we can better understand the world of mainframe through the eyes of the people who use it every day.
Fortune: Criminal Fraud Produces Damaging and Ineffective Generic Drugs
May 21st, 2013
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Econintersect: Katherine Eban, along with reporter associates Doris Burke and Frederik Joelving, have published an excellent investigative journalism story in Fortune. The subtitle for the article tells only part of the story:
"The epic inside story of long-term criminal fraud at Ranbaxy, the Indian drug company that makes generic Lipitor for millions of Americans."
This is not just a story about Lipitor, and not just about Ranbaxy, but also about an entire system of drug approval, oversight and regulation which is seriously flawed, even criminogenic.
Senators: Apple Avoids Billions in Taxes
May 21st, 2013
in econ_news, syndication
Econintersect: The U.S. Senate permanent subcommittee on investigations released a report Monday 
evening 20 May 2013 charging Apple of creating what are essentially shell entities in Ireland to shelter (by special arragement with the Irish government) as much as $74 billion in income from taxation by the U.S. or any other government. Perhaps even $138 billion of income is involved; Econintersect is having trouble adding up all the numbers at this point. One of the techniques that was exercized involved both the use of U.S. tax law loopholes and by claiming they "are not tax residents of any jurisdiction", according to the report. The committee is headed by Carl Levin (D. MI) and John McCain (R, AZ). The committee will commence hearings on the report today, Tuesday 21 March 2013.
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