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Daily Reads

Is This the New Standard? Earnings High, But Revenue Low

Market
November 16, 2009 – 9:07 am

Welcome to the new reality: “A record number of U.S. companies beat earnings expectations in the third quarter, but a big portion of their profits came from cost-cutting, disappointing investors who were hoping for boosts in revenue.” Will this hold through Christmas? We’ll see.

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Can You Believe It? Drug Makers Raising Prices Before Reform Passes

Market
November 16, 2009 – 8:53 am

How dare they maximize profit: “Harvard health economist, Joseph P. Newhouse, said he found a similar pattern of unusual price increases after Congress added drug benefits to Medicare a few years ago… Just as the program was taking effect in 2006, the drug industry raised prices by the widest margin in a half-dozen years.”

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CIT’s Bankruptcy Raises New Questions

Market
November 16, 2009 – 8:51 am

“Today, CIT is in bankruptcy court, and the taxpayers’ investment is on the brink of being wiped out. It would be the largest loss so far from the government’s massive rescue of the financial system, but it isn’t likely to be the last… Analysts expect more bailed-out firms to fail in the months ahead.”

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NASA Took an iPhone and Made the World’s First Tricorder

Tech
November 13, 2009 – 12:25 pm

Admit it, when you were a kid, you wanted a Star Trek style Tricorder. Well, NASA made one, and fashioned it out of what else, an iPhone. No word yet on a transporter or replicator, but give the geeks in Houston a little more time, and they might just do it.

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Studies Confirm: Jesus Was Special

Edge
November 13, 2009 – 12:13 pm

Did you have kings from the East visit you when you were born, or a star that shone particularly bright that evening directly overhead? No. Malcolm Gladwell explains, and studies confirm, Jesus was one special dude.

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Obamacare: Snake Oil at it’s Finest

Politics
November 13, 2009 – 12:04 pm

“Despite the president’s “Don’t worry, trust me” assurances that the reforms will deliver universal coverage with superior care and at a lower cost without disrupting current coverage, more than half of Americans aren’t buying. They know what snake oil smells like.”

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Palin’s Book Details Skirmishes with McCain Camp, Leaves Out Levi

Politics
November 13, 2009 – 12:01 pm

Sarah Palin’s book, which hits the shelves on Tuesday, details her struggles with the McCain campaign, her unease with the fancy duds they dressed her in, and the anti-debate prep she received before facing off with Biden. Absent from the book - Levi the soon-to-be Playgirl model.

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US Seeks to Seize Mosques, Tower Tied to Iranian Government Funds

Politics
November 13, 2009 – 10:34 am

“In what could be one of the biggest counterterrorism seizures in U.S. history, federal prosecutors sought to take over four U.S. mosques and a New York City skyscraper owned by a Muslim organization suspected of being controlled by the Iranian government.” Seizing houses of worship should spark reactions.

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Stupak: “There Will be Hell to Pay” When Abortion Amendment is Removed

Politics
November 13, 2009 – 10:27 am

Stupak maintains pro-life Democrats have spines when his language is removed: “There will be hell to pay. I don’t say it as a threat, but if they double-cross us, there will be 40 people who won’t vote with them the next time they need us—and that could be the final version of this bill.”

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A.Q. Khan: Pakistan Fully Stocked its Uranium Supply From China 27 Years Ago

Politics
November 13, 2009 – 10:24 am

“The uranium transfer in five stainless-steel boxes was part of a broad-ranging, secret nuclear deal approved years earlier by Mao Zedong and Prime Minister Zulfiqar Ali Bhutto that culminated in an exceptional, deliberate act of proliferation by a nuclear power, according to the accounts by Khan, who is under house arrest in Pakistan.”

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- November 21, 2009 -

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