Yikes
Bloomberg is already comparing the EU oil trading scandal to Enron
bloomberg.com
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Welcome to Adulthood
Meet the class of 2013, the most indebted ever
blogs.wsj.com
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Investigations
Steve Cohen has been subpoenaed to in the SAC insider trading investigation
dealbook.nytimes.com
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Deals
Yahoo plans to be "hands off" after buying Tumblr for $1.1 billion
allthingsd.com
Discussion
Reuters
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Taxmageddon
The fiscal cliff bill includes subsidies for NASCAR and offshore financing
nakedcapitalism.com
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Taxmageddon
"The end of 2012 will be unlike any other time in memory for the federal government"
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"Revenue neutral" tax reform: an illusion political candidates have no incentive to dispel
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Diamond and Saez: higher tax rates on the 1% will not slow growth
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The "fiscal cliff" coming on Jan. 1, 2013 could mean a 30% drop in the stock market
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The fiscal cliff would put the US economy back into recession
cbo.gov
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Taxmageddon
Moody's: There's a 15% chance the US goes off the fiscal cliff and wrecks the economy
ma.moodys.com
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Taxmageddon
Never underestimate Wall Street's ability to overestimate Washington
capitalgainsandgames.com
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Taxmageddon
America, don't worry: there is a fiscal cliff, but Jamie Dimon and Lloyd Blankfein are ON IT
politico.com
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The River
Primary Sources
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A Senate subcommittee is investigating Apple for tax avoidance
Shocking
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A hospital in Miami will make the prices it charges insurers public
Scoops
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Steve Cohen is considering a deal with authorities that would shut his fund to outside investors
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A rant on why money isn't "easy"
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Time to start worrying about the recovery-less recovery
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The end of the car and the labor force participation rate
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Big rig carrying fruit crashes on 210 Freeway, creates jam
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A law professor is taking on telecom monopolies
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New paper suggests the Fed find some central bankers who understand how the economy works
Wonks
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El-Erian: Gold and the "wedge between financial markets and economic fundamentals"
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1 Sources
No, Greece isn't turning the corner
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CBO compares the Obama and congressional budget plans
Oxpeckers
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"Sponsored Content Pretty Fucking Awesome"
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Why the US and Europe need a tad more inflation
New Normal
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Why the housing market continues to disappoint: supply-side issues
Helpful Reiminders
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Americans say a family of four needs nearly $60,000 per year to get by
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