Must Read Financial Blogs: 350,000 Textbooks Downloaded From Apple's iBooks in Three Days
Minyanville's daily roundup of some of the best financial commentary from around the Web.
All Things D
Link: 350,000 Textbooks Downloaded From Apple's iBooks in Three Days
"Though nascent and unproven, Apple's new textbook initiative appears to be gaining lots of momentum - and quickly, too. Within days of its debut, Apple's iBooks textbook store had already racked up a significant number of downloads.According to Global Equities Research, which monitors Apple's iBook sales via a proprietary tracking system it doesn't much care to discuss, more than 350,000 textbooks were downloaded from the company's iBooks Store within the first three days of availability. And there were some 90,000 downloads of iBooks Author, Apple's free textbook-creation tool, during the same time. If those numbers are accurate, Apple's textbook effort would seem to be off to a good start. Which is good news for everyone involved - particularly textbook publishers, who stand to make more money on books sold through iBooks than those sold at retail." (For related content, see Apple Destroys the Textbook, and Thank Heavens for That.)
Link: The Best States to Grow Up In
Newborn children can't choose the states in which they grow up any more than they can choose the size of their parents' bank accounts. But voters in every state choose how much to spend on public programs benefiting children, with telling results. The Foundation for Child Development's new report on state-level differences in the Index of Child Well-Being – a broad quality-of-life indicator based on 25 indicators – shows enormous variation, as does another set of indicators known as Kids Count, developed by the Annie E. Casey Foundation. In states near the top of the list, like Connecticut, New Jersey and Utah, the successes have been celebrated. States in the South and Southwest generally rank lower, with New Mexico, Mississippi, Louisiana, Nevada and Arizona at the bottom. Those, like Newt Gingrich, who believe, that less fortunate children lack a work ethic might point to regional differences in moral character. But evidence suggests that regional differences in willingness to pay taxes, sometimes called "tax morale," are at work.
Real Time Economics
Link: OECD Urges Tax Changes to Boost Growth, Reduce Inequality
Governments should eliminate tax relief on mortgage interest payments and pension contributions, and tax capital gains from the sale of residential property in order to boost growth and reduce inequality, the Organization for Economic Cooperation and Development said Monday. In a chapter from its annual "Going for Growth" report, the OECD said that while economists don't agree on the link between inequality and growth, there are some policies that are clearly "win-win" options, which both boost growth and reduce income inequality.
Dr. Housing Bubble
Link: Baby Boomers and the 4 Million Seriously Delinquent Loans
The prospects of a housing recovery in 2012 seem unlikely as continued weak momentum carries over from the second half of 2011. Globally, housing bubbles are entering into peak mania phases as hot money seeks a safe harbor for the short-term. Back here in the United States, we can look at the cold hard reality that 2011 saw a record low number of single family completions. The positive news is that this aids in lowering the overall housing stock and provides a stronger buffer for shadow inventory that will leak out into the market over the next few years. A strong variable that is hard to factor in is this; we have 10,000 or so baby boomers that retire per day for the next 19 years and many will look to downsize. It should come as no surprise that the Case-Shiller prices are now at post-bubble lows. What does 2012 have in store for the housing market? (Also Read Four Homebuilders Emerging From the Rubble.)
Link: Euro Races Higher
The euro is racing higher after initially gapping lower in Asia on indications that the private sector involvement in Greece had hit another stumbling block ahead of today's EU finance minister summit. It has moved above the $1.30 area in the European morning, for the first time since January 4. There are a few consideration prompting the continuation of the short-covering advance that began last week. For related content, see How Europe Should Tackle Its Three Main Problems.)
Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter