Monday Links

1. The Lost Beatles Photos: Rare Shots From 1964-1966.

2. Sales tax receipts rise in metro Chicago, signaling retail revival.

3. There is an active trade for Apple’s latest gadgets in China, and it’s evident in long lines of Chinese camping overnight outside NYC Apple’s stores waiting to buy the products — originally made in China — to send them back to that country for resale. 

  
4. In a blind taste test, most people are unable to distinguish between expensive and cheap wine. 

5.  From a Princeton  University Working Paper: "When we adjust for unobserved student ability by controlling for the average SAT score of the colleges that students applied to, our estimates of the return to attending a highly selective college fall substantially and are generally indistinguishable from zero."

6. Detroit Moves Against Unions: "Detroit Mayor Dave Bing presented a $3.1 billion annual budget to City Council in which he proposed substantial cuts in city workers' health care and pensions to close an estimated $200 million budget gap."

Thanks to Steve Bartin, Paul Kedrosky, Ben Cunningham and Pete Friedlander.