- American business is pretty profitable these days, but unemployment remains uncomfortably high. This makes things extremely difficult for Fed Chairman Ben Bernanke, and also the people who don’t have jobs. [Bloomberg]
- Oh, look, it’s a trend piece about conspicuous consumption returning to Wall Street! Welcome back. [NYT]
- All these raids, subpoenas and inquiries about insider trading have some Wall Street analysts wondering whether or not what they do for a living is insider trading. [WSJ]
- For example, is it illegal to spot a bunch of suits in a railyard and then wager that the rail company may be ripe for an acquisition? [AP]
- Oh, yeah, and Ireland is still in horrible shape. The debt-addled nation is expected to slash entitlements and pay taxes to help it meet terms outlined in its massive European Union/IMF-sponsored bailout. [Reuters]
mtaylor [at] observer.com | @mbrookstaylor
