Thursday, December 01, 2011

Money Writing from Businessweek, Bloomberg & Time

Several piece of writing on money I've come across lately that were interesting by themselves... with two downright fascinating when viewed in relation to one another.

From the Nov 28 issue of Time Magazine came the feature Below The Line on living in poverty. Written by Barbara Kiviat, it's a solid piece that looks at the 46 million Americans living on less than an annual income of $22,314 for a family of four. A lot of interesting content there... including how different external events (sickness, injury, car breakdown) can be cataclysmic financially for those barely making ends meet.

A different story on what feels like the opposite end of the financial spectrum was Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress from Bloomberg. Very much made me think of my blog post from a month ago on Boomerang by Michael Lewis as well as Wall Street Isn't Winning – It's Cheating by Matt Taibbi for Rolling Stone.

Also on money, but not in the same curl your stomach vein were two short pieces from the Nov 21 issue of Businessweek. All Those Stock Buybacks: A Bullish Sign? is on the trend of companies feeling valuations low and buying their own stock and James Altucher, Wall Street's Keeper of the Pain on the venture capitalist and author (of both books and his self-titled blog).