A few late breaking items that missed the deadline for the linkfest:
• Secret Document: U.S. Fears Terror ‘Spectacular’ Planned Official Cites Resemblance to Warnings and Intelligence Before 9/11 (ABC)
• Apple’s IPhone Sells Out at Most AT&T Stores, Swamping Network (Bloomberg)
• The new age of ignorance (Guardian)
• The Homes May Be Solid, but the Loans Look Shaky (NYT)
• Incomes Stagnate Amid Rising Expenses (WSJ)
• General points finger at Iranian force (Associated Press)
• Machine Is a Dream. Wait Is a Nightmare. (NYT)
• Universal Music declines long-term iTunes deal: source (Reuters)
Why does the IVV differ from the SPX? For example as I write this, the real-time feed shows the SPX at +0.74% for the day, while the IVV indicates +0.65% for the day. What gives?
Oil anyone? USO, PEO – you know -OIL!!
Let’s explain the 10 yr..
‘There have been a lot of convincing studies recently about the loss of productivity in the Western male. It may be that entertainment culture now is so engaging that it keeps people satisfied. We didn’t have that. Science was much more fun than listening to the radio. When you are 16 or 17 and in that inherently semi-lonely period when you are deciding whether to be an intellectual, many now don’t bother.’
– James Watson on declining interest in science, in Barry’s Guardian link
Doesn’t this probably also explain the ignorance in civics, history, and world affairs? Maybe we should just embrace the trend. Maybe our future is less “Star Trek” and more “Brazil”.