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Monday, December 17, 2012

Business Beast: America's Epic Beer Battle

The Daily Beast
December 17

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Business Beast
5 hot reads on business news and views
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1
TITANS
America's Epic Beer Battle
The 150-year family dynasty that controlled Anheuser-Busch lived in a soap opera as sudsy as their product. Daniel Gross on a new book chronicling their rise and fall.
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2
COOKING THE BOOKS
Assets in Name Only
Pension word games. What's the point? Megan McArdle reports.
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4
RETAIL
Merry Christmas to Me!
There's no shame in the epidemic of self-gifting. By Daniel Gross.
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The federal agency in charge of regulating and supervising credit unions has filed a $3.6 billion lawsuit today against JPMorgan Chase in federal court in Kansas."

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5
WORTH A LOOK
Week's Best Business Reads
From what one journalist learned from 'The Economist' to the dark side of a fondly remembered banker, we pick the best business journalism of the week.
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3
BLING
Big Rocks are Back
What's driving the surge in giant gems? By Lauren Streib.
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The Number: 67
12 Videogame Movie Flops

In response to Assets in Name Only:

The problem with the trust fund accounting is that gives the appearance that SS is fine and needs no alterations until the trust fund is empty on an accounting basis.  People like Drum use it in exactly this manner, and this is the error.  The effect of SS on the general fund is unaltered whether or not you have a trust fund- the payroll taxes collected either pay for all or part of the SS outlays, or they don't.  When they don't, the general fund pays the difference.

— Yancey Ward

In response to Walmart: Fiscal Cliff Loser:

This is such elementary stuff. Most of the one percenters would not even know about their increases in taxes unless their accountants mentioned it.

— karenz20

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