Money Talking host Charlie Herman and regular contributors Joe Nocera of the New York Times and Rana Foroohar with Time magazine tell us what they’re reading this weekend.
Charlie Herman will be reading "Robert Diamond's Next Life" by Andrew Ross Sorkin in this weekend's issue of the New York Times magazine, which is the Money issue. "Bob Diamond was the former CEO of Barclays who basically lost his job over the Libor scandal, and it's a great picture of him taking the subway to work like the rest of us schmoes. And it's a profile of him and sort of what his life is like now, post-losing this sort of pinnacle of British bankerdom."
Rana Foroohar will be reading a recent study from the Brookings Institution on money and well-being. "One of the big pieces of conventional wisdom comes from an economist Richard Easterlin who in the seventies famously came up with this idea that basically once you hit a lower middle class level of income...you actually don't get any happier for making more money....Brookings has done another look at these numbers and they're saying actually, money does buy happiness."
Joe Nocera will be reading "The Hunt for Steve Cohen" by Bethany McLean and Bryan Burrough in the June issue of Vanity Fair. "Bethany McLean has a co-authored piece in the current Vanity Fair about Stevie Cohen and SAC and the government's efforts to nail him for insider trading....I am avidly looking forward to reading this piece out of which I fully expect to finally understand what's going on with the federal government and SAC."