Opinion

Felix Salmon

Counterparties

By Nick Rizzo
September 14, 2011

Greece’s best plan is to “default big,” says former Argentine central bank governor Mario Blejer — Bloomberg Businessweek

Barclays was lucky, Bank of America was stupid — Dealbook

One of Warren Buffett’s successors had a twenty-five year streak of running every day — WSJ

AOL, Microsoft, and Yahoo have formed an ad pact to take on Google — TNW

“The correlations we note among industry sectors are profoundly and dysfunctionally high” — FT Alphaville

Federal prosecutors are investigating whether eBay took confidential information from Craigslist — Reuters

And Donald Trump’s new tenant paid its deposit in gold bars — WSJ

Find all these stories, and many more, on Counterparties.com.

Comments
5 comments so far | RSS Comments RSS

“AOL, Microsoft, and Google have formed an ad pact to take on Google.”

I feel as though AOL and Microsoft are not so scary, but then I saw that Google is in the pact, and I thought, wow, that is a legitimate threat. Google is probably terrified.

Posted by minderbender | Report as abusive
 

@mindbender: And confused as heck. That’s what happens when a company grows too fast.

Posted by Curmudgeon | Report as abusive
 

Default big, yes, but have a plan in mind first as to how you’re going to balance the primary budget after you do.

Posted by dWj | Report as abusive
 

First, I believe it’s supposed to say, “AOL, Microsoft and Yahoo”.

Second, there is a need for clarification here. These are for online display ads, not search ads, and here’s why the distinction matters. According to comScore Q1-2011 US Online Display Ads:

Facebook.com 31.2%
Yahoo! Sites 10.1%
Microsoft Sites 4.8%
AOL, Inc. 3.0%
Google Sites 2.5%

The clicked-thru stories link to IDC’s numbers (for Q1-2011) that are widely different:

Google 14.7%
Yahoo 12.3%
Facebook 8.8%
Microsoft 6.5%

Since I frequently track comScore’s other metrics (search and smartphone market shares), I tend to trust their numbers more.

In either case, the impression most people would have had (if they didn’t pay close attention and click all the the way thru to find the numbers) is that Google dominates online display ads as it does with search ads.

Posted by GRRR | Report as abusive
 

http://www.nationalreview.com/agenda/277 220/megan-mcardle-and-arnold-kling-psych ic-inequality-reihan-salam

Rarely can I stand to read anything from NRO, but this post highlights a key concept. Our economic measures focus on GDP — but for a wealthier country, where the basic essentials cost only a small fraction of the per capita income, it is a poor proxy for what really matters.

How might we even begin to measure “psychic income”? Are there perhaps instances where “psychic wealth” and “material wealth” would drive different policies?

Posted by TFF | Report as abusive
 

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