Morning six-pack: What we're reading Thursday
Happy Thursday. The markets are trying to feed their taperworm, but we're all about the suds here with the morning six-pack:
Tired of taper talk, you say? Then let's look behind the scenes at the intensifying battle to fill Ben Bernanke's $3.6 trillion shoes. Larry Summers and Janet Yellen are duking it out, as the WaPo details.
Big business is a cutthroat world where sometimes the only rationale for doing something is to hurt the other guy. That may be the case with Apple's iTunes Radio, which Minyanville thinks is just for "keeping its users from other Internet radio products."
When all was said and done, the prosecution of Bradley Manning for funneling confidential documents to WikiLeaks was "a colossal waste of time," according to Time. Despite the 35-year sentence, Manning, 25, could be in his 30s by the time he gets out of prison, making him ripe to have his own intelligence-leaking reality show.
Well, as if you didn't know: Even with the supposedly anemic inflation level we've seen since the end of the Great Recession, most Americans have less buying power now than they did four years ago.
The Fed's likely reversal of its monetary easing is kicking the heck out of emerging market currencies and economies. Here's what tapering looks like from abroad.
And, finally...If the U.S. seems helpless while Egypt burns, it's because it is. CNBC.com's Ted Kemp explains.
_ By CNBC's Jeff Cox. Follow him @JeffCoxCNBCcom on Twitter.