The Week’s Best Business Longreads: Business Beast’s Picks for Dec. 30, 2012
High-Speed Traders Race to Fend Off Regulators
Jenny Strasburg and Scott Patterson, The Wall Street Journal
Regulators have been circling the new, high speed wizards of the markets for years. To fend them off, the hyper-traders have brandished academic research showing that they’re a force for good. Research they’ve helped fund.
How One Woman Made Budget Scolding Chic
Noam Scheiber, The New Republic
The story of how an obscure think-tanker manage to unite the Washington and business elite around the cause of “balanced” deficit reduction through the power of dinner parties.
What Turned Jaron Lanier Against the Web?
Ron Rosenbaum, Smithsonian Magazine
Jaron Lanier was one of the creators of the virtual world. Now he’s the leading critic of all things digital.
Signs of Changes Taking Hold in Electronics Factories in China
Keith Bradsher and Charles Duhigg, The New York Times
Largely thanks to the Times, the supply chains of electronics manufacturers has been the biggest labor story of the year. Now, it seems, companies—even Apple—are starting to change.
Chesapeake, McClendon Endure Rocky Year; More Uncertainty Ahead
Brian Grow, Anna Driver and Joshua Schneyer, Reuters
At the beginning of this year, Chesapeake Energy CEO Aubrey McClendon was the head and chairman of the country’s second largest energy company. He was a billionaire. Now, his net-worth has been cut in half, he’s no longer chairman, and he’s using his wine collection as collateral for a personal loan.