Best of the Blogs: Mr. Hastings (Netflix CEO) Goes to Washington
Minyanville's daily roundup of some of the best financial commentary from around the Web.
All Things D
"Facebook’s “frictionless sharing” system means you end up telling your friends about everything you’re doing, whether they want to know or not. Netflix wants to tie this into its streaming service, but can’t, because of a U.S. privacy law. Netflix CEO Reed Hastings, who is also a Facebook board member, is backing a bill that would change the law. Right now, it’s tied up in the Senate. But if it passes, don’t expect Netflix subscribers to thank him. They have absolutely no desire to learn what their Facebook pals are watching."
Link: America’s Fossil-Fuels Jobs Boom
Capital Gains and Games
Link: GOP Going Back On Budget Deal Is Ridiculous, Infuriating
"My column from today's Roll Call explains why "ridiculous' and "infuriating" are two of the milder words you might want to use when you think about the latest House GOP plans to abandon the deal it agreed to in August and try to use the fiscal 2013 budget resolution to cut appropriations even more. In case you're wondering, This and they are not going to come even close to being successful."
China Real Time Report
"U.S. basketball star Jeremy Lin is in talks with Chinese-owned Volvo to endorse the Swedish car brand in China, according to a person familiar with the matter. If the talks lead to an agreement, it would mark one of the first major corporate deals for the 23-year-old New York Knicks starter since his ascent to basketball stardom earlier this year." (Also Read: Minyanville Presents: The Jeremy Lin-dex.)
Link: The New iPad Is Already Scarce
"If you haven’t ordered the new iPad already online and you don’t plan to brave the lines likely to form later this week when it goes on sale in stores, don’t expect to get your hands on the device anytime soon." (Also read Apple iPad Sellouts, TI Shortfall Raise Stakes for Android in the Tablet Game.)
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