Freakonomics: The Movie Out Today on iTunes Only Freakonomics
Money Can Buy Happiness, Study Finds — But Only Up To $75,000 Associated Press. Even though the Nobel Prize winner Daniel Kahneman was involved in this study, the idea of using survey research to reach this sort of conclusion gives me the willies. However, past studies have found repeatedly that happiness levels quit rising once someone reaches an income level at which he can meet basic needs and have a margin for safety. Thus, the $75,000 figure is also suspect, since it’s a lot cheaper to live in, say, Oklahoma than in San Francisco.
German banks try to fend off Basel III Financial Times
Bankruptcy Court Is Latest Battleground for Traders Wall Street Journal
Happy Fuckin’ Labor Day! Michael Moore (hat tip reader Frank A)
Citi under fire over deferred tax assets Financial Times
Europe’s Bank Stress Tests Minimized Debt Risk Wall Street Journal. Repeat after me: Bank stress tests are PR exercises.
Ultra-Rich in Finance Are Meaner Than Rest of Us Matthew Lynn, Bloomberg
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