10 Weekend Reads

Its the weekend! Pour yourself a mug of Jamaican Blue Mountain, settle into your favorite chair (where are my reading glasses?) and enjoy our reads:

• Welcome to the Failure Age! (NY Times)
• Google’s Larry Page: The most ambitious CEO in the universe (Fortune)
• Martin Wolf asks Why Weren’t Alarm Bells Ringing?  (NYRoB)
• The Smartest Bro in the Room: Travis Kalanick created Uber in his own image, and the results have not always been flattering. But wow, what a company. (Modern Luxury)
• The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare (Rolling Stone)
• Man and Uber Man: Uber, Travis Kalanick’s smartphone-based car service, has been valued at $18.2 billion, but its C.E.O. still spends a lot of his time on the warpath. (Vanity Fair) see also Does Uber Need a Grown-Up? (Bloomberg)
• Mr. Miller Doesn’t Go to Washington: A candidate’s memoir. (Politico)
• Wale and Jerry Seinfeld: Nothing Really Matters (Complex)
• Out of the Birdcage: How Mike Nichols Made Gay Culture Mainstream (Daily Beast) see also “When in Doubt, Seduce”: Mike Nichols has always had a knack (NY Mag)
• The Hummingbird Effect: How Galileo Invented Time and Gave Rise to the Modern Tyranny of the Clock (Brain Pickings)

Don’t miss Bob Shiller on Masters in Business this weekend! (full archive here).

 

The World’s Wisest Consumers of Energy

Source: Bloomberg

Category: Financial Press

Category: Employment, Think Tank

Where Band Members Stand

From Flip Flop Flyin’: The colours and letters should be obvious, but just in case: S = singer, G = guitar, B = bass, D = drums, K = keyboards of various sorts, inc. computers or mixing equipments, T = turntables. If the singer regularly plays an instrument, they get a pink ring around the…Read More

Category: Digital Media, Music, Weekend

Succinct Summations of Weeks Events 11.21.14

Succinct Summations week ending November 21st: Positives: 1. The Philly fed came in at 40.8, vs expectations of 20.7. This was the best reading since 1993! 2. The S&P 500 and Dow Jones both made new all-time highs, the third consecutive week both did so. 3. Headline CPI was flat m/o/m and is up 1.7%…Read More

Category: Markets

Why is the United States in a Constant State of Emergency?

click for full article Source: WonkBlog

Category: Digital Media, Politics, Really, really bad calls

Your Brain Can’t Handle Green on the Screen

We have said a good deal in this space about the futility of trying to time short-term market moves (see e.g., this, this and this). No one has demonstrated the ability to do this consistently over time. While it is possible to avoid the very largest of collapses over long periods of time using a…Read More

Category: Cognitive Foibles, Psychology, Really, really bad calls

10 Friday AM Reads

Is it Friday already? Big green on the screen as yesterday’s intraday reversal from the gap down was the strongest since the October lows — then China cuts rates. And train reads: • What Is Russell Investments? Lured by the indexing business, the London Stock Exchange got a consultancy and asset manager in the bargain….Read More

Category: Financial Press

2015 Design of the Year: Mercedes-Benz S Coupe

Many years ago, I had a 1983 MB 380 SEC. It was the coupé version of the W126 S-Class — it was a giant rear drive 2 door version of the S class, chock full of technological advance of the day, including a seat belt presenter (really). At highway speed, it would lower itself. It wasn’t fast off the line, but it was an autobahn cruiser. I drove it to Virginia and back several times and it would lope — at 90mph, it was practically idling, running at 2200 rpm. (I never pressed it to see what the top end was). I was rear ended in it by a Volvo, whose front end was destroyed; The big Benz never got so much as a scratch on it. It was solid as a bank vault.

The new most up to date version of the S coupe is out, and the it is Twin-Turbo 4.7L V8, 449 HP / 516 LB-FT, 7-Speed Auto, All-Wheel Drive S550 4MATIC Coupe  was just named Automobile Magazine‘s Design of the Year. My current lease (Infiniti M) is up in March 2016, and this would make a lovely replacement (if I could get Mrs. Big Picture to say yes to it!):

 

 

Source: Mercedes Benz, Automobile Magazine

 

 

 

 

More photos after the jump

 

 

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Category: Weekend

The Effect of Oil Price Declines on Consumer Prices

The Effect of Oil Price Declines on Consumer Prices Ben Craig and Sara Millington 11.19.14       Oil prices have declined significantly in recent weeks, reaching levels not seen in several years.  At the same time, the year-over-year percent change in the most widely known measure of inflation, the Consumer Price Index (CPI), came…Read More

Category: Consumer Spending, Energy, Think Tank

2014 On Pace for Hottest Year

This is very impressive:

Category: Science, Video