Five Reads for October
Government funded battery plant doesn’t have enough work for employees
Workers at LG Chem, a $300 million lithium-ion battery plant heavily funded by taxpayers, tell Target 8 that they have so little work to do that they spend hours playing cards and board games, reading magazines or watching movies
"The Perils of the Fiscal Cliff" by John Mauldin
How does one go about comparing the financial crisis in one country to that of another? The International Monetary Fund tried to do just that, setting off a rather torrid debate in economic circles. And while we will look today at their analysis, the upshot is that the economic models used to guide monetary and fiscal policy may not be working as they did in the past
College Is Dead. Long Live College-Time Magazine
On Sept. 17, the Pakistani government shut down access to YouTube. The purported reason was to block the anti-Muslim film trailer that was inciting protests around the world.
If Smart Is the Norm, Stupidity Gets More Interesting-New York Times
Few of us are as smart as we’d like to be. You’re sharper than Jim (maybe) but dull next to Jane. Human intelligence varies. And this matters, because smarter people generally earn more money, enjoy better health, raise smarter children, feel happier and, just to rub it in, live longer as well.
Inside the Dow’s 885 Point Rally This Year
The Dow is up 885 points year to date. While there are 30 stocks in the Index, only five really matter to this 7.3% advance on the year. They are Home Depot (164 points), Wal-Mart (107 points), Disney (103 points), Travelers (100 points) and JP Morgan Chase (58 points).