Monday morning links: Survival still in question

The pain in Spain
The Economist– in places like Spain, an unsackable bureaucracy now co-exists with 40% youth unemployment. That is a recipe for reform or revolt. Half measures will not do the trick.
Not dead yet– In 2009, European countries borrowed more than €800 billion, partly to bail out banks, which in turn then bought public debt that had been driven up by the bail-outs.

The chimera of college brands– The idea implicit in college brands, that every course reflects certain institutional values and standards, is mostly a fraud.
Hard times, bright futures– Many of those who joined the ranks of the self-employed last year will eventually become employer firms, however large or small.
Can a soda tax protect us from ourselves?
NY Times– We sometimes wish for parents to be looking over our shoulders and guiding us to the right decisions. The question is, do you trust the government enough to appoint it your guardian?
Where did all the executives go?– Despite the so-called résumé tsunami, employers looking for managers with all the right soft skills are finding slim pickings.

No need for a drawdown drama– Understanding that market falls of 50%, or more, are normal – if rare – is an important element of a strong investor’s psyche. Unfortunately many understand this without understanding the corollary: when markets collapse weak companies get hammered.
From the oil spill to the financial crisis, why we don’t plan for the worst
Washington Post– There is a natural tendency to postpone preventive action against dangers that are likely to occur at some uncertain point in the future, especially if prevention is expensive, and especially because there is so much else to do in the here and now.
Declining Latin American inequality: Market forces or state action?
Voxeu– Both. The trend is driven by both a decrease in the earnings gap between high-skilled and low-skilled workers, and an increase in government transfers to the poor.

Sweet land of… conformity?– American-style individualism lies in the freedom to choose; American-style collectivism lies in the commitment to the group that freely choosing entails.
Does the Internet make you smarter?
WSJ– The case for digitally-driven stupidity assumes we’ll fail to integrate digital freedoms into society as well as we integrated literacy.
India’s rent-a-womb industry faces new restrictions– India has become the world capital of outsourced pregnancies, whereby surrogates are implanted with foreign embryos and paid to carry the resultant babies to term.
The enemy within – Who’s behind Conficker?– Imagining Conficker’s creators as a skilled group of illicit cyber entrepreneurs remains the prevailing theory.

Reblog this post [with Zemanta]

Comments on this entry are closed.