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Tuesday, March 11, 2014

Mom? Dad?

Turns out, your parents have done a lot of strange stuff without you realizing.

Bedtime story? Ugh, fine.

27 Things Every Parent Secretly Does

Your parents totally never did anything weird behind your back, right? Um...turns out, parents keep a lot of secrets.

You might have missed...

From BuzzFeed Video...

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What Kind Of Investor Are You?

Only one way to find out: Take this important, scientifically semi-accurate quiz!

What Kind Of Investor Are You?

— by Matthew Zeitlin

WHAT'S MAKING HEADLINES...

The Most Powerful Woman In Hollywood Is Leaving Her Job

Clothing Company Uses Female Ph.D.s Instead Of Regular Models

Investment Firm Creates “Cannabis Screen” To Track Performance Of Hot Pot Stocks

IN OTHER NEWS...

• Chelsea Clinton: I Taught My Parents How To Text

• 32 Workout Tees If You’re The Worst Person Ever

• 27 Things Every Parent Secretly Does

THE BIG NUMBER...

The time it took Men's Wearhouse to complete its takeover of Jos. A. Bank. And one hedge fund will make $14 million off the deal.

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“A political economy theory of everything”



The hosannas for Thomas Piketty’s new book, “Capital in the Twenty-First Century”, have started to roll in. Published in French last year and out in English this month, Piketty’s book, Buttonwood says, “might turn out to be one of the most significant economics books that have been produced since 2000”. The World Bank’s Branko Milanovic goes further, saying it might be “one of the watershed books in economic thinking”.

In the first of a series of posts on the book, Ryan Avent says, “like Marx, Mr Piketty aims to provide a political economy theory of everything.” That theory in a very basic nutshell: economic inequality is a feature, not a bug of modern capitalism. Piketty’s work, Kathleen Geier writes, takes on Simon Kuznets’s notion of a natural curve of inequality that declines as economies mature: “As Piketty demonstrates, Kuznets’s inequality theory was based on fatally incomplete data—he only dealt with one country (the United States), from the years 1913 to 1948.” Piketty’s data is broader and is cross-country; you can see much of it at his World Top Incomes Database.

The key to Piketty’s analysis, Geier writes, is the relationship between the rate of return on capital and economic growth.  History has shown that the rate of of return on capital has consistently been higher than economic growth -- check out Piketty’s chart here. When this happens, inequality naturally begins to build on itself through what Milanovic calls “positive feedback loops”. In short, the rich get richer, aided by their own richness. This, the argument goes, is what’s been happening in many economies for the last 30 years or so.

The six-decade period between 1914 and 1973, Thomas Edsall writes, was a historical exception: economic growth rates exceeded the return on capital. But Piketty chalks this up to the impact of two world wars and the Great Depression.

Jacob Hacker and Paul Pierson think the book is a kind of reverse de Tocqueville: where the 19th century French scribe found widespread social equality in America, Piketty, also a Frenchman, finds “a new patrimonial elite”.

Dean Baker writes that “capitalism is far more dynamic and flexible than the way Piketty presents it in this book”.  Much of today’s record corporate profit “hinges on rules and regulations that could in principle be altered.” Piketty, it’s worth noting, suggests that things like a “progressive wealth tax at the global scale” can help slow the growth of income inequality. MIT’s Daron Acemoglu wonders if technology and globalization might have been driving inequality of late, rather than it being an inherent quality of capitalism.

If things don’t change, Geier writes, Europe and America could see “rates of inequality and wealth concentration that will not only match but exceed their nineteenth-century peaks”. -- Ryan McCarthy

On to today’s links:

Yikes
Moving to wealthier neighborhoods gives young boys PTSD - Sarah Sloat

UGH
Why is US infrastructure so expensive? "Our greedy and opaque political culture" - Ryan Cooper

Wonks
How aid to the poor is also an investment - Jared Bernstein
The US is two and a half years away from full employment - Matt Busigin 

Primary Sources
Jolts: more jobs data, more of the same, consistently muted recovery - BLS

Reminders
There's no such thing as "easy money" - Josh Brown

FWIW
It's hard to measure internet innovation in GDP statistics - Joe Stiglitz

Alpha
Hedge fund investors now have to use passwords, aren't pleased - Reuters

Equals
Women may be hurting their earning potential by avoiding tougher majors - Catherine Rampell

Oxpeckers
Explainers, explained - The Awl

Pivots
SAC Capital has a new name - DealBook

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Follow Counterparties on Twitter. And, of course, there are many more links at Counterparties.


 

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Liga Champions Barcelona vs Manchester City 13 Maret 2014

Liga Champions Barcelona vs Manchester City 13 Maret 2014 – Pada tengah pekan nanti akan berlangsung kembali lanjutan Liga Champions di babak 16 besar. Akan saling bertemu kembali pertandingan yang cukup seru dan tidak kalah dengan pertandingan lainnya dimana pertemuan antara Prediksi Bola Barcelona vs Manchester City pada leg kedua tengah pekan nanti. Dimana pada leg pertama lalu saat bermain di Etihard stadium Manchester City harus menyerah di tangan tim kuat Barcelona dengan skor 0-2 lewat gol pinalty dari Lionel Messi dan Dani Alves.

Prediksi Barcelona vs Man City

Prediksi Barcelona vs Man City - Hal yang kurang memuaskan di dapatkan kedua tim di akhir pekan lalu Taruhan Bola dalam lanjutan kompetisi di negaranya tersebut. Dalam lanjutan Liga Spanyol dimana Barcelona harus bertekuk lutut di markas Real Valladolid dengan skor tipis 1-0 akhir pekan lalu. Sedangkan Manchester City saat menjamu tamunya juga harus menyerah dan tersingkir di tangan tim kasta kedua Liga Inggris Wigan Athletic di akhir pekan lalu dengan skor 1-2 dalam lanjutan Piala FA. Tentunya dengan mudah Barcelona bisa memanfaatkan leg kedua ini karena bermain di stadium Camp Nou — Barcelona.

Dimana pertandingan leg kedua yang mempertemukan kedua tim akan tersaji pada tengah pekan nanti Maret 13, 2014 2:45 AM WIB. Di atas kertas tentunya anak asuh Mauele Pellegrini harus bisa mencetak minimal dua gol apabila ingin lolos ke babak selanjutnya dengan adu pinalty demi menentukan siapa yang layak untuk lolos. Prediksi PSG vs Bayer Leverkusen Sedangkan Barcelona dengan permainan tiki takanya dari Tata Martino untuk bermain menyerang, akan tetapi hanya membutuhkan raihan hasil seri saja sudah cukup mengantarkan Barcelona lolos ke babak perempat final Liga Champions musim ini.

Head To Head Barcelona vs Manchester City :

19-02-2014 Manchester City 0 – Barcelona 2
20-08-2009 Barcelona 0 – Manchester City 1

Lima Pertandingan Terakhir Barcelona :

8-03-2014 Real Valladolid 1 – Barcelona 0
3-03-2014 Barcelona 4 – Almeria 1
23-02-2014 Real Sociedad 3 – Barcelona 1
19-02-2014 Manchester City 0 – Barcelona 2
16-02-2014 Barcelona 6 – Rayo Vallecano 0

Lima Pertandingan Terakhir Manchester City :

9-03-2014 Manchester City 1 – Wigan Athletic 2
2-03-2014 Manchester City 3 – Sunderland 1
22-02-2014 Manchester City 1 – Stoke City 0
19-02-2014 Manchester City 0 – Barcelona 2
16-02-2014 Manchester City 2 – Chelsea 0

BURSA TARUHAN : 0 : 1 ¼

PREDIKSI SKOR PERTANDINGAN : Barcelona 1 vs 2 Manchester City

On The Other Side Of The Camera

After 15 years as Olivia Benson, Mariska Hargitay is finally stepping behind the camera.

Mariska and Alec

Inside Mariska Hargitay’s "SVU" Directorial Debut

Check out 11 exclusive photos of Hargitay’s episode, her first behind the camera on "SVU."

— by Jarett Wieselman

The 43 Most Badass TV Heroines

— by Arianna Rebolini

Elsewhere in Entertainment

"The Goonies" turns 30 next year. But you've never seen these behind-the-scenes photos before.

What does Billy Eichner think about John Travolta? Or Meryl Streep? Here, he tells all.

Love "House of Cards"? Make sure you put these books on your reading list.

Neil deGrasse Tyson didn't love "Gravity." But he does approve of these films.

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Business Today: Wall Street falls on profit-taking

Click to View in Browser
03/11/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street falls on profit-taking
NEW YORK (Reuters) - U.S. stocks fell on Tuesday, with selling picking up late in the session, as investors cashed in some of the recent market gains after the S&P 500 set a record high last week.
Fed set to ditch 'threshold' guidance under Yellen
NEW YORK/SAN FRANCISCO (Reuters) - Janet Yellen's first policy-setting meeting as chair of the U.S. Federal Reserve will focus on how to finesse a rewriting of the central bank's promise to keep interest rates low without roiling financial markets.
U.S. Congress probe of deadly defect in GM cars expands
WASHINGTON (Reuters) - Congress's investigation of a deadly defect in some General Motors cars widened on Tuesday, and a House committee ordered the automaker and a federal regulator to provide details on steps they took to get unsafe cars off the road.
Men's Wearhouse stitches up deal to buy Jos. A. Bank
(Reuters) - Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival.
SoftBank CEO says Sprint could shake up U.S. 'oligopoly'
WASHINGTON (Reuters) - The chief executive of Japan's SoftBank Corp on Tuesday called the U.S. wireless market an oligopoly plagued by slow speeds and high prices and said his company's Sprint Corp could shake up the competition, but it would require a scale that Sprint cannot reach alone.
Senate banking leaders sketch out Fannie, Freddie bill
WASHINGTON (Reuters) - The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.
Beware Bitcoin: U.S. brokerage regulator
(Reuters) - Bitcoin can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to the virtual currency's significant risks, a brokerage industry watchdog warned on Tuesday.
Bank of England announces shake-up as it probes FX case
LONDON (Reuters) - The Bank of England announced an overhaul of the way it works with banks and financial markets on Tuesday as it faced growing criticism of its response to possible manipulation of foreign exchange rates.
Fox executive raises questions on Comcast-Time Warner Cable merger
(Reuters) - One of the top executives of Twenty-First Century Fox Inc has raised questions about Comcast's potential dominance of the U.S. broadband Internet market if regulators allow its $45.2 billion merger with Time Warner Cable to be completed.
Ecobank board removes CEO following months of turmoil
ACCRA (Reuters) - The board of Ecobank removed its chief executive, Thierry Tanoh, on Tuesday following months of turmoil at one of the biggest financial institutions in sub-Saharan Africa.
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