Ritholtz's Reads: Companies Finance Buybacks With Layoffs

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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Welcome back to the show that never ends. Start it right with our morning train reads:

• Companies are wasting money from layoffs on share buybacks (Marketwatch

• Betting Against a Fed Rate Rise: Global economic woes complicate U.S. central bank’s deliberations (WSJsee also U.S. Companies Warn of Slowing Economy (WSJ

• Restaurant openings soar after wage hike (Puget Sound Business Journal

• Why Self-Driving Cars Must Be Programmed to Kill (MIT Technology Review

• Hong Kong Tops Global Cities List as Most Valuable Residential Location in 2015 (World Property Journal

• Jacob J. Lew: Honor our obligations, raise the debt limit (USAT

• Why too much choice is stressing us out (The Guardian

• Donald Trump is destroying Jeb Bush: Why his 9/11 gambit could be the last straw (Salonsee also Jeb Bush Orders Across-the-Board Pay Cuts for Struggling Campaign (Bloomberg

• Take a Bow, Species (NRO

Be sure to check out our Masters in Business interview this weekend with Paul Desmond of Lowry’s Research.

The $3 Trillion ETF 'Boom'

Source: Chief Investment Officer

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net