Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list discusses a growing fast food workers strike in some parts of the country (and an article which describes how much higher wages would raise the cost of a Big Mac) …….. and the last article is about the CBO report concluding that sequestration will cost 1.6 million jobs if it remains in effect until the end of next year.
- Fast food strikes intensify in seven cities (Josh Eidelson, Salon) Hat tip to Roger Erickson. If you think McDonald’s can’t remain competitive if labor costs rose, read this at Forbes. Hat tip to Will Konlensky, Newsana.
- RBI duels with forex market to keep rupee off record low (Reuters, The Economic Times) Hat tip to Sanjeev Kulkarni.
- China’s new leaders crack down (Geoff Raby, Business Spectator)
- Investors, Analysts See End of Commodity ‘Supercycle’ (Christian Berthelsen, The Wall Street Journal)
- The Blip (Benjamin Wallace-Wells, New York Magazine) “What if everything we’ve come to think of as American is predicated on a freak coincidence of economic history? And what if that coincidence has run its course?“
- America’s Main street economy versus the Wall Street (Duane Catlett, Helena Independent Record) Hat tips to Roger Erickson and L. Randall Wray, Economonitor.
- U.S. Health Spending: One of These Things Not Like Others (Shirley S. Wang, Real Time Economics, The Wall Street Journal)
- The Last Days of Big Law. You can’t imagine the terror when the money dries up. (Noam Scheiber, New Republic) “There are many, many more high-priced lawyers today than there is high-priced legal work.”
- Big Baby: Astronomers Zoom In on Birth of Very Massive Star (John Matson, Scientific American) A new telescope array reveals a gas cloud forming a star perhaps 100 times as massive as the sun.
- Why I’m Draining My Savings to Stimulate the Economy (Rick Newman, Yahoo! Finance)
- Sequestration Will Prevent Creation Of Up To 1.6 Million Jobs In Next Year, CBO Concludes (Sam Stein, Huffington Post)
