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.
- Paul Krugman to Leave Princeton in 2015 to Take Role at CUNY (Lisa Wolfson and Rich Miller, Bloomberg) This was news in February but has been put in the spotlight again today. (See next article.) Nobel Laureate Paul Krugman is leaving Princeton after 14 years to join the faculty of the Graduate Center of the City University of New York as a professor in the Ph.D. program in economics and to become a scholar at the Luxembourg Income Study Center. He will spend a year as a distinguished scholar, starting this month and assume his faculty role in August 2015.
- Is Paul Krugman Leaving Princeton In Quiet Disgrace? (Ralph Benko, Forbes) A diatribe assembled by one who is apparently (very apparently) not a Krugman fan.
- How a 12-Year-Old Girl’s Science Project Changed the Way Scientists See Lionfish (Crystal Shepeard, Care2) A sixth grade science fair project has totally changed the way the invasive lion fish is being dealt with. Lauren Arrington discovered that the fish could live in fresh water, a question not considered by professional marine scientists. Until now, of course, as they have definitely turned their attention to the risk posed to freshwater habitats as a consequence of her middle school science project.
- Three New JPMorgan IT Deaths Include Alleged Murder-Suicide (Russ Martens and Pam Martens, Wall Street on Parade) The Martens continue to follow the story of multiple premature deaths of JP Morgan employees and executives. They fold this into the estimate that the firm has as much as $180 billion in life insurance on key employees with benefits payable to the bank.
- BlackRock ETFs Near $1 Trillion, But Losing Ground To Vanguard (Reuters, Financial Advisor) Blackrock iShares, with almost 40% of the $1.8 trillion ETF market ($690 billion) has a comfortable lead over second place Vanguard ($370 billion). But Vanguard is growing faster. So far this year Vanguard has added $30.3 net new ETF money compared to Blackrock’s $24.7 billion. Since the end of 2009 Vanguard has increased market share from 11.7% to Blackrock has slipped from 47.7% to 38.9% over the same time period.
- Here’s the new worry that’s consuming Wall Street (Alex Rosenberg, CNBC) Hat tip to Marvin Clark. Can consumer spending continue to support the economy? That’s the big worry for Wall Street.
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