Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on sixth billionaire created by buy and hold of Berkshire Hathaway stock …….. and the last article discusses the divergence of employee wages as a share of GDP (falling) from the rising share of corporate profit.
- Buffett’s Berkshire Mints Sixth Billionaire (Bloomberg News)
- SEC Charges Former Qualcomm Executive and His Financial Advisor With Insider Trading Through Secret Offshore Accounts (SEC Press Release) Here is what can happen when a company is not TBTF.
- Hemp Flag To Be Flown At Vermont Statehouse On Constitution Day (Mollie Reilly, The Huffington Post) Betsy Ross’ flag was also made of hemp.
- Weekly Update: Existing Home Inventory is up 21.1% year-to-date on Sept 16th (Bill McBride, Calculated Risk) Are we back to 2010 for the housing market?
Click on graph for larger image.
- Florida bans navigators from county health offices (Kelli Kenedy, Life Health Pro) More obstructionism from the state that left 1 million uninsured by refusing to accept expanded medicaid.
- Study points to vast shale oilfields (Ed Crooks, Financial Times) Massive amounts of shale oil may be expensive to extract.
“Shale oilfields in countries such as Argentina, Russia and Algeria hold larger reserves than the regions at the heart of the US energy boom, and have the potential to make a significant contribution to global crude supplies in the next decade, according to new research.”
- The Deficit Is Plunging! And Nobody Cares! (Derek Thompson, The Atlantic)
- Now is the Time to Cast Off Delusion… (Michael Hoexter, New Economic Perspectives) Michael Hoexter has contributed to Global Economic Intersection. Eleven popular delusions are described.
- Neighborhood Watch Programs Needed Everywhere, To Protect Citizens And Whole Communities From Rampant WhiteCollar Crime (Roger Erickson, Mike Norman Economics) Roger Erickson contributes to Global Economic Intersection.
- Your Household Lost Seven Thousand Dollars Last Year. Where Did It Go? (Richard Eskow, The Huffington Post)