The Best Longreads in Business and Finance for the Week of February 24
From the science of addictive junk food to why our medical bills are so high, The Daily Beast brings you the best business and finance longreads from this week.
Photos clockwise from top left: Paul Edmondson/Getty; Terry J Alcorn/Getty; Juanmonino/Getty
The U.S.'s $4.4 Billion Trade Surplus With China
Mina Kimes, Fortune
Once a ubiquitous sight in every world tourist destination, Chinese tour groups have been allowed in the U.S. only since 2007. More than 1 million Chinese tourists come every year. How many polo shirts can they buy?
Bitter Pill: Why Medical Bills Are Killing Us
Steven Brill, Time
It runs 36 pages in print, but the insanely high prices doctors and hospitals charge for medical care deserves every outraged word.
A Phoenix Housing Boom Forms, in Hint of U.S. Recovery
Susan Berfield, Bloomberg Businessweek
The housing sector is back, and has been for more than a year. Could it be strongest in, of all places, ground zero of the housing bust?
Content Economics, Part 1: Advertising
Felix Salmon, Reuters
Why are print and TV still the gold standard for the advertising industry? The answer can tell us why no one (besides Google and Facebook) has figured out how to make money selling ads on the internet.
The Extraordinary Science of Addictive Junk Food
Michael Moss, The New York Times Magazine
“What I found, over four years of research and reporting, was a conscious effort—taking place in labs and marketing meetings and grocery-store aisles—to get people hooked on foods that are convenient and inexpensive.”
U.S. Banks Bigger Than GDP as Accounting Rift Masks Risk
Yalman Onaran, Bloomberg News
How big are American banks? How risky are they? The answers to these seemingly simple questions depend on a years-long accounting dispute between the U.S. and Europe that isn’t much closer to being resolved.
Stories We Like
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International Business Times
Biting The Apple: Senators To Grill Tech Giant On Its Tax Avoidance
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Rolling Stone
It's Hip to be Huey Lewis
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Huffington Post Tech
The Problem That May Plague Driverless Cars
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Ask Men
10 Aging Myths You Probably Believed Were True
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International Business Times
How To Get The Most Out Of The Sharing Economy
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Huffington Post Politics
Paul Ryan Backtracks on Harsh Obama Charge
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International Business Times
Drones: Which Countries Have Them For Surveillance And Military Operations? (
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Mental Floss
5 Other Sites Yahoo Bought
Colbert Rips 'Spreadsheet Error' in Austerity Supporting Harvard Study
After a University of Massachusetts student found significant errors in a study beloved by budget cutters world over by Harvard economists Kenneth Rogoff and Carmen Reinhart, Stephen Colbert does what he does best -- leaves them in the dust.
Writers We Like
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James D. Hamilton and Menzie Chinn
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Mark Thoma – Economist’s View
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Barry Ritholtz – The Big Picture
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Tyler Cowen/Alex Tabarrok – Marginal Revolution
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Greg Mankiw
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Peter Boone, Simon Johnson, and James Kwak
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Brad De Long
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Nouriel Roubini
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Calculated Risk
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Dealbreaker
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Eddy Elfenbein — Crossing Wall Street
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Zero Hedge
Business
Daniel Gross
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Tesla Goes to War
Don’t get me wrong: the electric-car startup is a success and has every right to boast.... More
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Offshore Grilling
CEOS pursue lower taxes and then—surprise!—the public gets mad. More
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You’re Doing It Wrong!
The Federal Reserve chairman has been working like a dog to keep the economy moving, he... More
Asymmetrical Information
Megan McArdle
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A WWI Vet Who Wasn’t
Richard Rubin tracked down all of the WWI veterans still living, but the story of Merlyn Krueger didn’t seem right.




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