Below you will find the articles on economics, investing, and finance that we found most interesting for the week.
NB: ($) denotes subscription site.
The government aids and abets fiscal irresponsibility by allowing “pension smoothing.” No wonder so many pension plans are underfunded!
Article via Wall Street Journal ($)
Rich Kinder decides his energy infrastructure empire, Kinder Morgan, is too big for the MLP structure. Will there be more C-corp consolidation to come for the MLP industry?
Another reason to always own what your MLP operator owns. The Kinder Morgan deal is going to stick owners of the limited partnerships with a large tax bill while the general partner (KMI) which Rich Kinder owns a significant chunk of will benefit.
Article via New York Times ($)
Shame on you underwriters! Vascular Biogenics IPOs, trades for a couple days, and then says the IPO never happened. This kind of thing happens at market tops doesn’t it?
Apparently, it isn’t just American companies that get bamboozled when doing deals in China. Alibaba announces accounting “irregularities” at a company it recently purchased.