These are the articles I have open on my laptop for in-flight reading:

• Is this bull market almost over, or will it thrive for years? (USA Today)

• BRICs Losing for Second Time in Decade as America Takes Over (Bloomberg)

• U.S. Pushes “Cramdown” Mortgage Deal (WSJ)

• BofA’s legal woes from Countrywide worse than expected (LATimes) see also Legacy Countrywide mortgage investors rally against potential settlement with Bank of America (

• Market Crash 2011: It will hit by Christmas (Marketwatch)

• Farmers Can’t Meet Demand as Corn Stocks Drop to 1974 Low (Bloomberg)

• It’s the Inequality, Stupid (Mother Jones) see also Soak the Super-Rich (Balloon-Juice)

• Political Unrest in North Africa and the Middle East (NYT)

• The Billion Dollar Lost-Laptop Study (Intel)

• Google Forecloses On Content Farms With “Farmer” Algorithm Update (SearchEngineLand)

• Less Virtual Keypad for the iPhone (Gadgetwise)

Anything else worth reading when I land?

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

27 Responses to “Aeroplane Reading”

  1. jeff in indy says:

    when r u going on vaca? just wonderin’…

  2. Arequipa01 says:

    If you like general interest long form journalism, you might take a peak at:

    And it probably wouldn’t hurt to read OPXT’s recent 8-K.

  3. Cdale_dog says:

    What is the best way to play high/rising oil prices???? USO? DIG??

  4. joinvestor says:

    Why the Fed Is Likely to Start Tightening in the Third Quarter, Prieur du Plessis Feb 24, 2011 9:15 am

  5. louis says:

    Important piece of American History if you follow the arts.

  6. Arequipa01 says:

    Here’s something from Bloomberg:

    And here’s a quick, short lesson in Quechua: Yanacocha- black pond/lagoon. Long Newmont? Ok, going from tajo abierto to subterráneo, hmmm? That sounds ‘genial’.

    El condor pasa…el cojudo cava…jajaja

  7. willid3 says:

    only low paying jobs being created? how wil that play out in an economy dependent on consumer spending???

  8. jeffsket says:

    I clicked on your link for “Market Crash 2011: It will hit by Christmas ” on your recommendation to read.

    Then I saw it was written by Paul B. Farrell.

    I closed that browser window as soon as I saw that. He is the personification of the stopped clock that is only right twice a day. He’s been one of the worst perma-bears I’ve ever seen and stopped reading him long ago.

  9. Space_Cowboy_NW says:

    Cautionary tale of large scale ‘what not to do’ in outsourcing….Boeing 787

    I doubt the B-schools will draw upon a ” ‘ya get what ‘ya paid for” case study format
    given Alan Mulally was passed over (in favor of Jim McNerney) for BA’s CEO and
    ‘picked up’ by Ford.

  10. Arequipa01 says:

    Yeah, Gaddafi is such a monster.

    “A few minutes and a few bullets were enough to turn Abdullah from an 11th grade student with dreams of becoming a translator to the despairing head of a family of more than a dozen.

    His father and oldest brother were shot dead last August at the start of a midnight assault by NATO-led troops on their house in Afghanistan’s east. Abdullah himself was hooded, handcuffed and flown to prison, where he was detained for questioning and then released.”

  11. TripleB says:

    “The survey found that the 329 organizations polled had collectively lost more than 86,000 laptops worth a staggering $2.1 billion”

    Wow – that’s over $24k per laptop. Hard to fathom.

  12. VennData says:

    China blocks access to LinkedIn

    We don’t need this LinkedIn. If you member of The Party in good standing, you will make a nice business.

  13. VennData says:

    What We Pay for…

    …Rush and Hannity are “right,” if we just cut foreign aid… LOL…

  14. VennData says:

    Wisconsin Assembly’s GOP Leaders Leave after Vote Under Police Protection…

    … unionized Police protection.

  15. DeDude says:

    Here is a great study including some actual numbers on total compensation in public vs. private sector to kill the myth about overcompensated public employees.

  16. TripleB says:

    Interesting data point – a little “inside baseball,” as I follow the San Francisco real estate market …

    Yes, over $500k in equity taken out of a Below Market Rate unit during the bubble years. Wells Fargo.

  17. February 24th, 2011


    Via: Wired:

    The Air Force’s new stealth bomber might do more than just drop bombs, top generals said in recent days. The so-called “Long-Range Strike” plane — likely to be designated B-3 — could also carry bunker-busting, rocket-boosted munitions, high-powered lasers for self-defense and datalinks, and consoles for controlling radar-evading drones.

    These add-ons, described by Air Force generals Philip Breedlove, William Fraser and David Scott, are meant to make the new bomber more lethal and harder to shoot down, even in the face of rapidly-modernizing air defenses such as China’s. “The purpose of this aircraft is to survive in an Anti-Access Area Denial environment,”Scott said, using the latest Pentagon term for defended airspace.

    To that end, the bomber’s lasers might zap incoming missiles and fighters; the drones could fly ahead to scout and disable air-defense radars; the bunker-busters should ensure the bomber can actually destroy the enemy’s facilities once it breaks through the defenses…
    This item: The Raw Milk Revolution: Behind America’s Emerging Battle Over Food Rights by David E. Gumpert Paperback $13.57

    The Untold Story of Milk, Revised and Updated: The History, Politics and Science of Nature’s Perfect Food: Raw Milk from Pasture-Fed Cows by Ron Schmid Paperback $16.50

    Devil in the Milk: Illness, Health and the Politics of A1 and A2 Milk by Keith Woodford Paperback $16.47

  18. rktbrkr says:

    Too sleazy to fail?

    Black Rock, PIMCO ,NY Fed & Freddie deliberately half step their put back case against BAC? Black Rock is conflicted by it’s BAC equity holding, PIMCO is conflicted by it’s PPIP booty, NY Fed & Freddie have been running interference for all the big banks.

    Apparently they were stunned to see the magnitude of malfeasance by the self dealing BAC that they blinked at the prospects of putting the nation’s biggest bank back into another Sunday evening bailout scenario. If BAC is “saved” by this giveaway then who gets destroyed?

  19. formerlawyer says:

    I cannot recall if this has been posted before but this interview of Adam Gelman on statistics had some interesting comments.

  20. re: Search

    Measuring Bias in “Organic” Web Search
    Benjamin Edelman and Benjamin Lockwood
    By comparing results between leading search engines, we identify patterns in their algorithmic search listings. We find that each search engine favors its own services in that each search engine links to its own services more often than other search engines do so. But some search engines promote their own services significantly more than others. We examine patterns in these differences, and we flag keywords where the problem is particularly widespread. Even excluding “rich results” (whereby search engines feature their own images, videos, maps, etc.), we find that Google’s algorithmic search results link to Google’s own services more than three times as often as other search engines link to Google’s services. For selected keywords, biased results advance search engines’ interests at users’ expense: We demonstrate that lower-ranked listings for other sites sometimes manage to obtain more clicks than Google and Yahoo’s own-site listings, even when Google and Yahoo put their own links first.


    In general, it is difficult to assess the bias of a search engine. Who can say whether a search engine shows the “right” listings for a given search term? If listings reflect a search engine’s “subjective opinion,” as search engines have claimed in litigation, then there is no way to ever argue — not to mention prove — that listings are in some way improper. But in certain circumstances, we believe an inference of bias is amply supported by analysis of search results and, especially, comparisons between search engines.

    Our work follows a series of others also concerned about search engine bias. In general, their analyses are grounded in change over time, typically combined with incentives for bias (for example, a search engine’s possible desire to suppress potential competitors or to claim new sectors for itself). We credit their approach, which we examine and discuss at length in appendix 1, Others’ Concerns about Search Engine Bias. Our project seeks to extend their analyses by invoking other sources of data, including cross-checking results from multiple search engines as well as analyzing click-through rates.

    Although we analyze the degree of bias across each of the top five search engines, we are particularly interested in the extent of bias at Google. We focus on Google for two reasons. First, Google widely claims that its algorithmic results are “algorithmically-generated”, “objective”, and “never manipulated”; other search engines make such claims rarely or never. Second, Google’s dominant market share (66% of U.S. core searches, and 95%+ in many European countries) means that any bias at Google has a much larger impact than bias at another search engine….



  21. VennData says:

    Why I Was Wrong About ‘Dow 36,000′

    … he blames it on Liberals; I guess there weren’t any rabbis to blame…

    …and I guess this puts to bed Michael Lind’s nutty idea about not bashing Glenn Beck.

    … the fact that Rupert Murdock keeps him on says a lot about Rupert Murdock and Fox. …but you go on following Fox News and nodding when they speak.

  22. beaufou says:

    The Zorros have arrived, three decades late and ignoring the fact that they could very well be forced down also.

    “It’s clear that Colonel Qaddafi has lost the confidence of his people,”
    So, if he hadn’t, being a dictator would be just fine, that’s the flaw in our societies, just plain dishonest and opportunistic.
    They hate us because of our freedom…no…they hate us because we are two-faced douche bags.

  23. laBear says:

    10 unusual things i didnt know about steve jobs….quick, quirky read

  24. rktbrkr says:

    The drama continues at the TBTF. Still fighting a 2 front war – the questionable foreclosure practices on the front end the swindled investors on the back end.

  25. rktbrkr says:

    TBW execs starting to plea, they were doubling and completely making up mortgages. I thought MERS unique identifier code for mortgages was supposed to prevent this. Remember way back in 2007 when they were supposed to be finding mortgage duplications?

    Anybody think TBW was the only one doing this scam?

  26. Greg0658 says:

    I saw this in printed form at my eye docs office today .. the cover pic caught my eye .. the online freeware version is missing an 8000 year timeline graphic and a couple other shots

    2045: The Year Man Becomes Immortal
    By Lev Grossman Thursday, Feb. 10, 2011,8599,2048138-1,00.html

  27. JerseyCynic says:

    China blocks linkedin –

    shutdown follows days of calls for a “Jasmine Revolution” in China, on the model of the Tunisian and Egyptian revolutions…”If the disruption for LinkedIn is permanent in China, it could hurt the company’s prospects at an IPO as a ban would exclude the company from the world’s largest Internet market–about 450 million users and growing.”