By Felix Salmon
January 10, 2011

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Peter Lattman on the market in “so-called gourmet cupcake shops” — NYT

The income of the top 1% of the US population = the total annual expenditures of the US government — Quiggin

We’re too quick to use “mental illness” as an explanation for violence — Slate

Matt Miller’s massive unpublished profile of Gene Sperling from 1999 — Miller

Larry Summers is the keynote speaker at the 17th Annual Global Hedge Fund Summit in Bermuda — Marhedge


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The Fed turned an $81B profit for 2010 on its bloated balance sheet, greater than the entire banking sector put together. Most of that, of course, is remitted to the Treasury.

If that sounds too good to be true, then you aren’t seeing the other half of the picture.

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My grandmother said, “everybody is their own kind of crazy”

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