Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary “reading list” which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number included.
- WhatsApp founder goes from food stamps to billionaire (MSN Money) See also GEI News: WhatsApp Deal Dwarfs Other High-Profile Tech Acquisitions
- Inequality, Productivity, and WhatsApp (Robert Reich, Robert Reich Blog) Hat tip to Rob Carter. Robert Reich has contributed to Global Economic Intersection.
Productivity keeps growing, as do corporate profits. But jobs and wages are not growing. Unless we figure out how to bring all of them back into line – or spread the gains more widely – our economy cannot generate enough demand to sustain itself, and our society cannot maintain enough cohesion to keep us together.
- Obama’s Budget: Can Fiscal Reform Cross the Political Divide? (Dan Ritter, Wall St. Cheat Sheet) Washington exists with “institutionalized incompetence on one hand and corruption on the other” with “Obama administration’s “pro-growth” strategy is at odds with the GOP’s cost-cutting strategy.” And those are some of the more diplomatic parts of the discussion. See also Zachary A, Goldfarb (The Washington Post): With 2015 budget request, Obama will call for an end to era of austerity. More discussion of this ‘behind the wall’.
- Earnings appear on board bullish outlook (Anthony Lazzara, Futures Magazine)
Read 13 more discussions ‘behind the wall’.
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