3D printers can pay for themselves in under a year ComputerWorld. Bogus assumption. Would you really have gone out and bought the stuff you’d print? It’s only a “saving” if these were expenditures you would have made otherwise.
Working in the Shed Matt Gemmell. Funny I don’t have this problem for the most part. My big time waster is getting involved in the comments section, and that’s not like going and looking at celebrity websites or Facebook.
Keystone XL’s Goose is Cooked OilPrice
Commodity supercycle in rude health despite shale Ambrose Evans-Pritchard, Telegraph
What’s Behind the New Chinese Crackdown? New York Review of Books
$11bn hole found in Greek finances Guardian
Big Brother is Watching You Watch:
I am Alan Rusbridger, editor in chief of the Guardian – the news org that broke the story of NSA surveillance of US citizens Reddit (Deontos). An online Q&A
Revealed: NSA program collects ‘nearly everything a user does on the internet’ Guardian. The big news yesterday.
US spying comes under fresh attack Financial Times. And more ripple effects.
With Grand Bargain 2.0 coming, Grand Bargain 1.0 talks still going Daily Kos (lydia)
Obama and GOP Speak Same Language: Corporate Tax Cuts = Jobs Glen Ford (diane)
Tax Repatriation to Pay for One Time Investment in Infrastructure Jon Walker, Firedoglake. I need to shred this proposal, such as it is, but Obama has been talking about this for a while. This is old wine poured in one big new bottle.
Wildcatting: A Stripper’s Guide to the Modern American Boomtown Buzzfeed (lydia)
Larry Summers and the End of Political Shame TripleCrisis
Fed views economic growth as ‘modest’ Financial Times. Stocks ended down a little. Even though the Fed actually mentioned labor participation (!), I suspect the impact of the rate rise on mortgage rates and the housing recovery is a bigger worry. If they can get mortgage rates down a bit more, or housing looks not too badly impacted, I suspect they won’t change course.
The US student loan problem – facts, charts, thoughts Walter Kurtz. A good one-stop shopping post, mainly charts
Obama defends Larry Summers against charges he is unfit to be Fed chairman The Hill. One of my buddies claims that the Summers boomlet has just about peaked, that Obama has done this sort of thing (defend someone before he abandons them) before. But I think the real pissiness is that the set up is for Geithner or some other Rubinite to come in as the “see it’s not Summers” option, when it’s clear that Yellen is the best candidate save that she’s not a finance toady, and being a finance toady is all Obama cares about.
Morgan Stanley predicts buy-to-rent boom Housing Wire
Fortunes favour the old MacroBusiness. The housing boom as a wealth transfer to the older generation.
Petition to McDonald’s against forcing employees to use payroll cards SumOfUs. I’d rather see a petition agains their low wages, but this will help workers too. Please sign.
Judge Rejects Fed’s Cap on Debit Card Fees New York Times
What Would You Have the President Do? Part I, Necessary First Moves, What Would You Have the President Do? Part II, Getting to Full Employment, and What Would You Have the President Do? Part III, Doing Some Economic and Social Justice Joe Firestone, New Economic Perspectives. This is a really good series following on to the Michael Hudson posts on the horrific Obama kickoff speech on how he was finally going to do something – really! – for what is left of the American middle class. A lot to chew on but very much worth your time.
The housing “recovery” is a total sham Dave Dayen, Salon
Michael Lewis: Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer? Vanity Fair. OMG, if you have any doubt that Goldman was insanely over the top in its behavior, this should clear it up. Plus Aleynikov sealed his fate by talking to the FBI. Please if you have not seen this video Don’t Talk to the Police, please watch it and circulate it.
Antidote du jour (martha r):