Monday, May 7, 2012

What We’re Reading, 5/7/12

Every morning, we poll the staff and round up their favorite economic, financial and political reads of the day. On our agendas this morning: The austerity backlash, Mark Zuckerberg, and Warren Buffett playing ping-pong. 

"Challenge to Austerity, and Germany, Is Sharpened," by Matthew Karnitschnig and William Boston (Wall Street Journal). Voters in Greece and France really shook things up this weekend — the French elected Socialist candidate Francois Hollande, and the Greeks voted up a number of fringe parties. Translation: Both countries are sick of strict austerity measures. But even the big elections may not be enough to change those policies.

"Markets Could Stumble After France, Greece Votes," by Daniel Wagner (AP). All this political uncertainty is startling the markets — CNN Money also has a telling chart

"Battleground Poll: Obama, Romney in Dead Heat," by James Hohmann (Politico). Six months until the presidential election and the numbers look “extremely fluid” and incredibly close. The latest poll puts 48 percent of likely voters in Romney’s camp, and 47 percent in Obama’s.

"The Maturation of the Billionaire Boy-Man," by Henry Blodget (New York). A fascinating profile of Facebook’s semi-infamous CEO, only weeks before the social network’s highly hyped public offering. From the dek: “Incredibly, Mark Zuckerberg has grown up to become an ace CEO — one whose way of thinking might drive Wall Street nuts.”

"The Frequent Fliers Who Flew Too Much," by Ken Bensinger (LA Times). Steven Rothstein has flown more than 30 million miles in his lifetime. That makes him a bit fanatical, extremely well-traveled — and part of the reason American Airlines no longer offers an unlimited travel pass.

And in other news: Vanilla Ice feels good about the housing market, you could theoretically buy the White House for $110 million, and one brilliant Wall Street reporter is collecting photos of Warren Buffett “doing folksy things.”

Happy reading, Tumblers!


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