Today’s selection of articles includes:
- “Fed sets October end for bond buying“, by Jon Hilsenrath & Pedro Nicolaci da Costa (Wall Street Journal). From the Fed’s minutes:
Low implied volatility in equity, currency and fixed-income markets, as well as signs of increased risk-taking, were viewed as an indication that market participants were not factoring in sufficient uncertainty about the path of the economy and monetary policy.
- “Fed, confident in economy, details end of bond-buying program“, by Binyamin Appelbaum (NY Times). Banks are a-slush with excess reserves from the Fed’s bond-purchase program, so demand for interbank loans is low, muting the effect of the federal funds rate in the short term. The Fed plans to turn to two other monetary levers: the rate it pays banks on excess reserves, and the rate it pays investors for short-term loans.
- “Race is on to profit from rise in urgent care“, by Julie Creswell (NY Times). A “low-margin, high volume” sector, the ability to screen patients, and a rising demand for 24/7 convenience is attracting investors to urgent care.
- “Adidas joins wearable stampede with fitness tracker“, by Nick Wingfield (NY Times). Wingfield warns that Adidas may be out-muscled (or out-nerded) by the likes of Apple, Google, and Microsoft.
- “IBM wants to invent the chips of the future, not make them“, by Steve Lohr (NY Times). Says technology analyst Richard Doherty, “IBM is not giving up on silicon, but it is saying it’s time to place an array of bets, and to move beyond silicon”.
- “Karlie Kloss shares her summertime fitness tips“, by Alainna Lexie Beddie (NY Times).
And, inspired by reading the news online (and noting various forms of URLs):
- “Why do some Web sites include www in the URL while others don’t?” (HowStuffWorks). Ask the network admin. No, this is not a (completely) snarky answer — the admin really does hold the answer.
- “How web servers work“, by Marshall Brain (HowStuffWorks). Cliff’s Notes: Each URL comprises (1) a protocol; (2) a server name, itself comprising a host name (e.g., www), a domain name (e.g., thegraywolff.wordpress), and a top-level domain name (e.g., com); and (3) a file name. Name servers translate the server name into an IP address. The host name (“www” in the preceding example) is determined by the host.