Morning Journal - Carried interest explained

Economics

This week

February factory orders fell 1.0% versus expectations of a 1.6% rise.

The February Institute for Supply Management’s nonmanufacturing index was reported at 57.3 versus estimates of 56.0.
http://scottgrannis.blogspot.com/2012/03/service-sector-continues-to-grow.html

Combining the manufacturing and service indices (short):
http://www.bespokeinvest.com/thinkbig/2012/3/5/combined-ism-manufacturing-and-non-manufacturing-reports.html

Other

A look at carried interest, how it is taxed and why (medium):
http://www.nytimes.com/2012/03/04/business/capital-gains-vs-ordinary-income-economic-view.html?_r=1


Politics
Domestic

International War Against Radical Islam

What to do about Syria? Absoooluuutely nuthin’ (medium):
http://www.nationalreview.com/articles/292496/it-s-pity-somebody-has-win-andrew-c-mccarthy?pg=1

And Afghanistan (medium):
http://www.ocregister.com/opinion/afghanistan-342926-afghan-foreigners.html

Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.