Tuesday, March 20, 2012

What We’re Reading, 3/20/2012

Good morning, Tumblr! Every day, we round up the favorite morning reads of the Kiplinger staff. On the list this sunny Tuesday: Budget proposals, Madoff’s prison letters, and what your hair has to do with the economy.

"The GOP Budget and America’s Future," by Paul Ryan (The Wall Street Journal). Budget Chairman Rep. Paul Ryan released the GOP budget proposal this morning to great fanfare. He also penned this hefty WSJ editorial, which lays out the Republicans’ “new Path to Prosperity.” The Washington Post sums it up here.

"U.S. War Game Sees Perils of Israeli Strike Against Iran," by Mark Mazzetti and Thom Shanker (The New York Times). We’re all following the Iran/Israel conflict, but no one more closely than Ken Bazinet, who covers politics for the Letter. “This spells out the perils of an uncertain strike against Iran’s nuclear sites and why the Pentagon isn’t sure an attack will work,” he says. “But there is still a belief that Israel could launch a strike in the next year.”

"The Secret Madoff Prison Letters," by Diana Henriques (Forbes). Madoff’s best-known biographer drops several pages of emails Madoff sent her from jail — his attempt, she says, to rewrite his history.

"Vatican Bank Image Hurt as JP Morgan Closes Account," by Philip Pullella and Lisa Jucca (Reuters). Staff writer Lisa Gerstner sent this link with a note: “Apparently the Holy See is too opaque for JP Morgan Chase, which shut down one of the Vatican’s bank accounts for lack of transparency.” We’ll leave further puns to you.

"Breaking Down the Mortgage Settlement: How Far Does $26 Billion Go?" By Cora Currier (ProPublica). ProPublica lays out the numbers from last week’s settlement over mortgage servicing abuses, with some interesting results. For instance: Only five percent of underwater mortgages will qualify for modification.

"How Do Racial Attitudes Affect Opinions About the Health Care Overhaul?" By Shankar Vedantam (Morning Edition). A new paper by Brown University researcher Michael Tessler suggests that attitudes toward race and health care policy are linked.

And to end on a light note, as we often do: Disney’s John Carter may rank among Hollywood’s biggest flops of all time, costing the studio some $200 million. In better news, beauty salon sales are up, which indicates a growing economy. 

Did we miss anything? Tweet us your links!