What We’re Reading, 4/11/12
Every morning, we poll the staff and round up their favorite economic, financial and political reads of the day. What we’re reading on an overcast Wednesday: Santorum, subprime loans, and an economic theory for finding good food.
"Rick Santorum’s 10 Best Quotes," by Tim Mak (Politico). Rick Santorum dropped out of the Republican primary yesterday, making Mitt Romney the de facto GOP nominee. To celebrate, Politico rounded up 10 of Santorum’s more memorable moments. (In more serious news, they also have stories on what the Romney and Obama campaigns should do next.)
"Mitt Romney Can’t Leave Women Voters to His Wife," by Ruth Marcus (The Washington Post). Women, Hispanics, and low-income voters are among Romney’s biggest hurdles in the general election. But thus far, Romney has outsourced much of the women’s outreach to his wife. “Women are not a foreign country,” Marcus point out. “You don’t need an interpreter to talk to us.”
"Lenders Again Dealing Credit to Risky Clients," by Jessica Silver-Greenberg and Tara Siegel Bernard (The New York Times). So much for lesson learned: As banks and creditors recover from their recession-era losses, they’re once again reaching out to clients with less-than-impressive credit. “Even I wouldn’t make a loan to me at this point,” says one bankrupt woman with piles of credit card offers.
"Fannie, Freddie Weigh Mortgage Write-Downs," by Chris Arnold (NPR). Yesterday the mortgage giants came one step closer to reducing the principal on thousands of mortgages. But depending on whom you ask, the move won’t actually help.
"The Creepiness Factor: How Obama and Romney Are Getting to Know You," by Terrence McCoy (The Atlantic). If you’re reading this, then high-tech campaign strategists already know everything about you — from most visited websites to “which soda’s in the fridge.” Digital data-mining allows strategists an unprecedentedly clear picture of how voters act and think.
"Unemployment Falls Fast in U.S. If Men Get College Degree," by Craig Torres (Bloomberg). Men lag behind women in terms of educational attainment. Closing that gap could lower unemployment, jumpstart marriage rates — and staunch the growing number of men leaving the labor force entirely.
"Gilt Groupe: Big IPO Looms for the Amazon of Luxury," by Nancy Hass (Newsweek). The woman who brought you the flash sale is about to watch her game-changing fashion company go public.
"Economic Theory Plots a Course for Good Food," by Damon Darlin (The New York Times). A George Mason economist thinks he’s solved the puzzle of picking a good restaurant — and it has nothing to do with Yelp. Among his tips: “Avoid restaurants with beautiful women, hipsters and smiling and laughing people.” (At this point, you might as well eat at home.)
And finally, some more fun fare: all phones will be smartphones within five years (and we can all post our Instagrams to Facebook!), your friendly curator’s job ranks at the very bottom of this ranking of best and worst jobs, and a Dunkin’ Donuts ad in South Korea sprays coffee scent on city busses.
What are you reading?