Minyanville's daily roundup of some of the best financial commentary from around the Web.
This column highlights the most interesting and useful business and financial commentary from around the Web each day. Feel free to send along your own suggestions for blog content that you've read or written.
"A dispute has broken out between the Cato Institute, a leading libertarian think tank, and two of its longtime backers - David and Charles Koch. The institute is not the usual form of nonprofit but actually a company with shares; the Koch brothers own two of the four shares and are arguing that they have the right to acquire additional shares and thus presumably exert more control. The institute and some of its senior staff members are pushing back." (For related content, see Koch Brothers: You Can't Protest Us, We're a Sizable Employer!)
"The most recent Weekend Investor cover story, "IRAs Get Sexier," reported that many investors disillusioned with a decade of poor returns on stocks, bonds, and funds are now putting alternative assets in their individual retirement accounts.The story cited "explosive" growth recently at firms specializing the custody of alternative assets such as nontraded stock, private partnerships and real estate. Several firms have doubled their alternative assets in the last two or three years." (Also Read Pay Down the Mortgage or Fund an IRA?)
"Apple and five book publishers are facing pressure from the Justice Department over the way they price electronic books, The Wall Street Journal reported on Thursday, citing "people familiar with the matter." The Justice Department has threatened to sue the companies for colluding to keep prices high, the paper said, and some are pursuing settlement talks to avoid a lawsuit." (Also read The New Apple iPad: No Surprises But Still the Best Tablet on Planet Earth.)
"Increasing unemployment disproportionately affects the young. While policymakers have been pre-occupied with sovereign and financial crises, the generation with no actual experience of holding down a job just had to wait. For how long will this spectre haunt economies?"
"You never think about it, and yet every time you attach a photo or a Word document, or practically anything else to an email message, you're using it. It was created by Nathaniel Borenstein, a computer researcher who, 20 years ago, worked for Bellcore, the research arm of the Baby Bell telephone companies."
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