Good morning — here are 10 interesting reads for you to enjoy at the beach this gorgeous Saturday!

• Analysis: High-Frequency Trade Sparks Commodity Flash Fires (NYT/Reuters)
• The Big Business of Synthetic Highs (BusinessWeek)
• How to fix crumbling U.S. roads, rails and airways. (Marketwatch)
Falling tax revenue is hurting U.S. shipping and prosperity; here’s how to fix it.
• Mohamed El-Erian: America’s Dangerous Debt Ceiling Debate (Project Syndicate)
• Soft Patch 2 Is Main Influence on U.S. Rates (Bloomberg)
• Why Real-Estate Prices Spike in Places Like Manhattan (Atlantic)
• Spam clogging Amazon’s Kindle self-publishing (Reuters)
• The Humpty-Dumpty Problem (American Scientist)
• Grumpus Maximus (NYT Magazine) See also Questions for Louis C.K. (Slate)
• Dormice, sea urchins and fresh figs: the Roman diet revealed (The Telegraph)

What’s on your beach blanket?

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.

15 Responses to “Weekend Reads!”

  1. beaufou says:

    You might want to read this before you get on that beach towel:

    Sunscreen’s Shady Label Claims
    http://motherjones.com/blue-marble/2011/06/fdas-new-rules-sunscreen-labeling

  2. rktbrkr says:

    I’m a little surprised the mobility of the internet hasn’t reduced the economic advantages of central locations. I guess the benefits of rubbing elbows with the rainmakers outweighs other things.

  3. craig.r.jackson says:

    I’d like to comment on the article concerning infrastructure maintenance. The way to solve the problem is to not use the highways. There should be a public mandate to allow all workers than can do so work from home … telecommuting. This will reduce the load on roads and extend maintenance times. Telecommuting reduces traffic jams, makes for happier employeess, reduces employee and employer expenses, and reduces fuel costs for everyone. It’s about time for such an obvious fix to the economy that woud reduce the two major aspects of the trade deficit, oil and auto. Too obvious to me.

  4. beaufou says:

    I love those RSA animations:

    The Internet in Society: Empowering or Censoring Citizens?
    http://www.youtube.com/watch?v=Uk8x3V-sUgU&feature=relmfu

  5. farmera1 says:

    European Bank Leverage

    http://earlywarn.blogspot.com/2011/06/european-bank-leverage.html#more

    Looks like European banks have a lot more leverage than the US banks according to this article.

  6. farmera1 says:

    Oh, oh guess who holds billions in Greece, Portugal and Ireland’s debt. That’s right all those big banks in Germany and France. See how Germany and France can’t let Greece et al go down.

    Greece, IReland and Portugal; Who holds the debt?

    http://blogs.wsj.com/marketbeat/2011/06/15/greece-ireland-portugal-who-holds-the-debt/

  7. Re: The Humpty-Dumpty Problem

    I am a biologist who once worked on ‘reductionist’ approaches–because that was pretty much all we had 15 years ago. I now work on network analysis of genomes–because we can, given the advances in technology since then fueled in large part by ‘reductionism.’ The expectation of many of us was always that we would turn to more holistic analyses once some very conquerable obstacles were overcome, e.g. genome sequence(s).

    The tone of that article was a bit annoying to me, and it seemed to be overly concerned with setting up a false dichotomy. Then I saw it was written by Rob Dorit, a (former) faculty member in the department where I got my PhD. Nice guy, but…he hardly ever showed up, didn’t understand his grad students’ work and left them to fend for themselves, didn’t appreciate the groundbreaking work of others that has led to the current state of affairs and hasn’t published squat in 10+ years. Nice to hear from you Rob. Writing for non-scientists suits you…

  8. Someone may have posted this:

    CIA’s “Facebook” Program Dramatically Cut Agency’s Costs

    http://lifeinthekeyofc.waterforlife.ws/index.php/archives/1306

    Looks like the era of ‘We are not going to do that anymore’ is passed before it even started

    Barack Obama campaign donors ‘rewarded with government jobs’

    http://www.telegraph.co.uk/news/worldnews/barackobama/8578546/Barack-Obama-campaign-donors-rewarded-with-government-jobs.html

    How I Learned the Truth about the State – Stefano R. Mugnaini – Mises Daily

    http://mises.org/daily/5376/How-I-Learned-the-Truth-about-the-State

  9. Mike in Nola says:

    Seems like we must have only lost our taste for mice in the last couple of hundred years. Sometime in the past year, the FT had an article in the FT Weekend (generally very entertaining read) about old cookbooks; one had a recipe for dormice. It was from the 1500′s.
    http://www.ft.com/intl/cms/s/2/f57da304-8ae7-11df-bead-00144feab49a.html

    During the past year I read all of the Patrick O’Brian’s Jack Aubrey books (includes Master and Commander) and mice seemed to be a staple of the cadets when they didn’t get to eat with the officers.

    Just Binged dormice and, as I should have known, there’s a Wikipedia entry. Apparently not all of us have lost our taste for them. It says they are still eaten in Slovenia.
    http://en.wikipedia.org/wiki/Dormouse

  10. Mike in Nola says:

    Advice for Weiner from an experienced hand.
    http://blog.chron.com/nickanderson/files/2011/06/and061711b2.jpg

  11. gms777 says:

    This ATF scandal looks like it could be Obama’s Watergate. Letting suspected smugglers buy US firearms to ship to Mexican drug cartels.

    “Senator Charles Grassley, who has been working closely with Rep. Issa, pointed out that officials from the Justice Department have been stonewalling the investigation for months. Attorney General Eric Holder has said he is unaware of who ordered the operation.

    “On October 26, 2009, emails indicate that there was a meeting of senior law enforcement officials at the Justice Department. It appears to have included the heads every law enforcement component of the Department, including directors of the FBI, the DEA and the ATF. It also included the U.S. Attorneys for all the Southwest border states, the Director of the Organized Crime Drug Enforcement Task Force and the Chair of the Attorney General’s Advisory Committee,” Grassley testified.”

    Sure, and no one told Holder….

    http://townhall.com/columnists/katiepavlich/2011/06/15/blood_on_their_hands_giving_guns_to_criminals_was_the_plan_all_along

    Sounds like a lot of people knew what was going on. You have think Eric Holder knew. And if Holder knew, then you can bet the President did. Well do I remember so many Republicans denying that Nixon could never have had any knowledge of the Watergate burglaries or their cover up.

  12. willid3 says:

    maybe we will stop being scammed into selling current infrastructure that we have already paid for? http://www.nakedcapitalism.com/2011/06/durbin-bill-designed-to-throw-wrench-in-wall-street-infrastructure-heist.html
    fixing SS isn’t hard http://www.nakedcapitalism.com/2011/06/durbin-bill-designed-to-throw-wrench-in-wall-street-infrastructure-heist.html
    unless you don’t care to have a retirement of course

  13. inthewoods says:

    @gms777 “This ATF scandal looks like it could be Obama’s Watergate.”

    Uh, no. It doesn’t look anything like Obama’s Watergate.

  14. gms777,

    reading..”….On Saturday, in a speech to the Mexican-American community in San Jose, California, President Felipe Calderon lashed out at the U.S. weapons industry.

    “I accuse the U.S. weapons industry of (responsibility for) the deaths of thousands of people that are occurring in Mexico,” Calderon said. “It is for profit, for the profits that it makes for the weapons industry.”

    The report, issued by Sen. Dianne Feinstein of California and two other senators, recommended background checks for sales at gun shows, a ban on the import of nonsporting weapons and the reinstatement of the assault weapons ban in force in the United States until 2004.

    Calderon endorsed calls for reinstating the ban on domestic sales of assault rifles, saying its expiration in 2004 may have played a roll in the increase of drug violence in Mexico.

    “You can clearly see how the violence began to grow in 2005, and of course it has gone on an upward spiral in the last six years,” Calderon said…”
    updated 6/14/2011 4:22:57 AM ET 2011-06-14T08:22:57
    http://www.msnbc.msn.com/id/43389915/ns/world_news-americas/

    it doesn’t take much to understand the *Real intent of such “Reporting”..