Lots of good stuff to fill your brain pan with:

• Goldman lobbying hard to weaken Volcker rule (Baltimore Sun)
• Jim Rogers: Commodities to outperform equities (Economic Times)
• World’s Millionaire Ranks Seen Soaring Through 2020 (Reuters)
• Kenneth Rogoff: Bernanke Meets the Press (Project Syndicate)
• Top Five Reasons that MBS Lawsuits Are Just Beginning (Subprime Shakeout)
• Apocalypse: What Disasters Reveal (Boston Review)
• Surveillance, Not Waterboarding, Led to bin Laden (Danger Room)
• Human Cartography: Maps That Define the Mind (The Atlantic)
• In baseball, ‘dead money’ lives on to haunt teams that continue to pay players no longer on their rosters; ‘Sunk costs,’ are a key part of game’s economics. (LA Times)
• 5 Guides to Life from Cultural Luminaries (Brain Pickings)

What are you reading?

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.

9 Responses to “Late Week Reads”

  1. KJ Foehr says:

    Headline of the day –from Huffpo:

    “Woman Gets Oral Surgery, Wakes Up With Irish Accent”


    “At any street corner the feeling of absurdity can strike any man in the face. “
    — Albert Camus

  2. New FBI Documents Provide Details on Government’s Surveillance Spyware
    Commentary by Jennifer Lynch
    EFF recently received documents from the FBI that reveal details about the depth of the agency’s electronic surveillance capabilities and call into question the FBI’s controversial effort to push Congress to expand the Communications Assistance to Law Enforcement Act (CALEA) for greater access to communications data. The documents we received were sent to us in response to a Freedom of Information Act (FOIA) request we filed back in 2007 after Wired reported on evidence that the FBI was able to use “secret spyware” to track the source of e-mailed bomb threats against a Washington state high school. The documents discuss a tool called a “web bug” or a “Computer and Internet Protocol Address Verifier” (CIPAV),1 which seems to have been in use since at least 2001.2…

    “…Essén and Professor Emeritus at Uppsala University Sven Kullander, also chairman of the Royal Swedish Academy of Sciences’ Energy Committee, both participated on 29 March as observers at a new trial in Bologna of the so-called ‘energy catalyzer’, which could be based on cold fusion, or LENR, Low Energy Nuclear Reaction.

    Participants included the inventor of the device, Andrea Rossi, his scientific advisor Professor Sergio Focardi, and physicists Dr. David Bianchini and Dr. Giuseppe Levi from Bologna University who both supervised the first public demonstration of the E-cat on 14 January 2011 in Bologna, Italy.

    The new trial was conducted in much the same way as the trial in January, and lasted for nearly six hours. According to observations by Kullander and Essén, a total energy of about 25 kWh was generated.

    In a detailed report (download here), they write:

    “Any chemical process should be ruled out for producing 25 kWh from whatever is in a 50 cubic centimeter container. The only alternative explanation is that there is some kind of a nuclear process that gives rise to the measured energy production.”

    The power output was estimated to about 4.4 kW. It’s barely half the power compared with the two previous documented experiments in January and February 2011, because the trial was made with a new and smaller version of the energy catalyzer.

    The new trial was the first officially documented with the smaller version which, according to Rossi, is more stable.

    “With the smaller version we avoid the power peaks that occurred at ignition and switching off,” Andrea Rossi told Ny Teknik…”

    but, hey, “There are No new drivers for ‘Economic’ Growth …”

  3. NeutralObserver says:

    Thanks Barry for your brief comments on The Madelaine Brand show this AM regarding the Flash Crash. Your comment that this program trading is going to send long term investors out of the equities market is too true and I especially agree with you that we need a transaction tax to take the profit out of this useless trading.

  4. [...] ever, Barry’s list of readings intrigues and broadens the mind.  And look what I found [...]

  5. DrungoHazewood says:

    As a longtime Orioles fan, I could see for years that GMs in both leagues were tying more and more dead weight to their team’s future financial performance. This is one reason the miserly (relatively) Orioles’ owner Peter Angelos refused to play this game. He went along for a few years ’96-’98, and when the Os didn’t win the World Series, he said ‘screw it, I want to make money, not win’. And that’s exactly what he did. In spades. I think this ties in with what was happening in the larger economy. Anyone with a brain cell knew it was insane for the Dodgers to sign Kevin Brown to a $100 million dollar contract. Then when he hurt his arm and performed poorly, I thought ah-ha, they’ve learned a valuable lesson. Nope. It was I who had yet to learn the real lesson. If something came a cropper, just throw more money at it. Everyone’s doing it and we can’t let them be more insane that we are. After the reserve clause was struck down, teams in smaller markets couldn’t play the big money game, but as the insanity spread, they too took the plunge. It was unsettling to watch the growing monetary madness. But as BR has pointed out, one has to be careful. Was the only reason I was pissed because the Os refused to play the game? It is indeed an arduous journey to free your mind and requires constant vigilance. I know deep down, I am nowhere near. Damn! Damn the Devil to Hell!

  6. Lebowski says:

    I know you are a fan of music BR., so if you haven’t already watched this presentation by David Byrne it is quite interesting. we posted it on our site earlier. Here is the link if you are interested:

  7. swag says:

    When a candidate registers the .com, but not the .net, or the .org, or the …


  8. Samurai slices 200mph pellet with katana sword

    No joke


    The Skin Gun

    Spray on skin! This will revolutionize burn care


    Dominoes Techno Chicken

    Very funny video. Who knew the chickens had it in them? John Travolta is jealous.


  9. Lariat1 says:

    Not a read but live cam red tail hawk with hatchling ; http://nyulocal.com/on-campus/2011/04/06/watch-violet-and-bobby-the-bobst-red-tailed-hawks-live-on-camera/ Boy am I hooked!