Here are some of my favorite longer reads, saved for your weekend pleasure:

• Sears – where America shopped (Chicago Business)
• Shift Happens: The Structure of Scientific Revolutions (The Chronicle)
• The Corruption Law That Scares the Bejesus Out of Corporate America (The Atlantic)
Chris Whalen: U.S. Debt Culture and the Dollar’s Fate (National Interest)
• The Ayatollah Under the Bed(sheets) (Foreign Policy)
• An Assembly of the Discontented (Bloomberg)
Egyptology: Tomb raiders (FT.com)
• Sugar Daddies: The old, white, rich men who are buying this election  (New York Mag)
• Christopher Columbus: The First Global Man (Foreign Affairs)
• The Man Who Hacked Hollywood (GQ)

What are you doing this weekend?

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Sleepless in America

Source: Economist

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.

13 Responses to “10 Weekend Reads”

  1. mathman says:

    Did anyone else hear this news from about 5 days ago? A depleted uranium processing site EXPLODED in Japan and that giant cloud of radioactivity is now floating over the ocean toward Hawaii and our West Coast. We’re already being bathed in some amount of this stuff from the Fukushima disaster, and now this ADDS to it.

    http://www.youtube.com/watch?v=-vc8Z4oV4Fk&list=UUHE92x768p8h-fMrqhsnE1Q&index=2&feature=plcp

  2. ConscienceofaConservative says:

    China, Hugh Hendry and the effect of over-investment and negative real interest rates.

    http://www.ft.com/intl/cms/s/0/965c4744-8fb4-11e1-98b1-00144feab49a.html#axzz1t82osKzK

  3. Petey Wheatstraw says:

    RE: Chris Whalen: U.S. Debt Culture and the Dollar’s Fate:

    Two statements from the conclusion of his analysis:

    “IF AMERICA can restrain its libertine impulses and get its fiscal house in order, the reality of an open, free-market, democratic system will continue to make the dollar among the most desirable asset classes in the world. But perhaps the real question is whether America will remain a free, open and democratic society in an environment of lower economic growth and expectations.”

    and;

    “. . . if Americans gradually deal with the explosion of government in the post–New Deal era and steer the economic course back toward a more responsible fiscal formulation focused on individual rights and responsibilities, our future is quite bright.”
    __________________

    The idea that “America,” or “Americans,” are at the heart of the libertine impulses Whalen complains of is flawed in it’s attribution of that characteristic to the free-market, democratic system that serves as the foundation of our Constitutional Republic. Nothing could be further from the manifest reality we currently face.

    Individual rights have become over-concentrated among those at the top of the incestuous governmental/financial ruling class, while individual responsibilities (in the form of individual production of actual “wealth”), have been consigned to the hoi polloi. The first group is privileged with the creation of money at will, in the form of debt-based fiat currency — essentially free to them (and without the burden of producing anything of real value), for the purpose of lending, at unregulated interest rates, to the remainder. The the second group, on the other hand, is somehow saddled with the responsibility of somehow repaying that debt-currency plus the interest attached to it by creating value that exceeds the debt and usury interest attached to it. The contradiction inherent in this system results in an economic reality that cannot be maintained without first removing the principles of democracy and free markets.

    There is no “bright future” in store for any system that preaches free-market, democratic participation, while allowing a privileged class to game the system by placing themselves above the rule of statute or even mathematical law. There can be no democracy and there can be no free market in a system ruled by overlords exacting tribute from the producing class.

    We might as well be ants.

  4. Petey Wheatstraw says:

    BR:

    Please remove my comment from oblivion.

  5. The junk science behind the ‘Twitter Hedge Fund’: The greatest quantitative strategy ever discovered, if it was real.
    http://sellthenews.tumblr.com/post/21067996377/noitdoesnot

    ~~~

    BR: I share your feelings — the time period used in the study was rather atypical . . .

  6. formerlawyer says:

    I am not sure this has been posted but I found it interesting – particularly the third comment, I am not sure how to take this.
    http://blogs.scientificamerican.com/guest-blog/2012/04/27/the-irrationality-of-irrationality-the-paradox-of-popular-psychology/

  7. VennData says:

    Obama Trumpets Killing of Bin Laden, and Critics Pounce

    “Obama has made a concerted, if to some indecorous, effort to trumpet the killing as perhaps the central accomplishment of his presidency. … No doubt, the raid on a house in Abbottabad, Pakistan, a year ago Tuesday is a more favorable story for the president politically than the latest report showing slowing economic growth. With the general election effectively under way, it is part of an effort by both sides to define Mr. Obama’s presidency.”

    Yeah… right… never a “Mission Accomplished” And at this point in Bush’s reelection, the GOP Media Machine was stating tat Bush had protected us from terrorists… by killing them etc.

  8. farmera1 says:

    3D Printing, really cool stuff. Got to have one. Starting to see a lot of info on this stuff.

    http://www.businessweek.com/articles/2012-04-26/3d-printers-make-whatever-you-want

    Maybe the next industrial revolution.

  9. VennData says:

    Chris Whalen claims, Anti-Obama-Chamber-of-Commerce-like, that “… Roosevelt launched a campaign of vilification and intimidation against private business, a terrible but probably deliberate blunder that worsened the Depression and drove the formation of private debt capital in the United States to zero by the mid-1930s…”but the fact is the economy grew until 1937, and only these GOP historical revisionists like Powell, Folsom et al who instead of missing the rally like Whalen are paid stooges of the Koch Brothers.

  10. Jojo says:

    Uh oh. Here we go again….
    ————-
    U.S. Amasses Stealth-Jet Armada Near Iran

    * By David Axe
    * April 27, 2012 |

    The U.S. Air Force is quietly assembling the world’s most powerful air-to-air fighting team at bases near Iran. Stealthy F-22 Raptors on their first front-line deployment have joined a potent mix of active-duty and Air National Guard F-15 Eagles, including some fitted with the latest advanced radars. The Raptor-Eagle team has been honing special tactics for clearing the air of Iranian fighters in the event of war.

    The fighters join a growing naval armada that includes Navy carriers, submarines, cruisers and destroyers plus patrol boats and minesweepers enhanced with the latest close-in weaponry.

    It’s been years since the Air Force has maintained a significant dogfighting presence in the Middle East.

    ……..

    http://www.wired.com/dangerroom/2012/04/armada-masses-near-iran/

  11. Bokolis says:

    They used to say, six for men; seven for women; eight for fools. I say, sleep when your dead, for sleep is the cousin of death.

    As a guy who worked overnight in various jobs for 8 years, I can say that the night-owl life was far more preferable to the current rat race (and I drive in to work, which is infinitely more preferable than mass transit).

    You get so much more done, both at work and at home/personal/errands, because there aren’t any people around to bother you. I’d spend my summers on the beach, the relaxation negating the need for vacations.

    The drawbacks are that you miss out on the after work fun with friends and the nights out chasing (either overly shy or overly chatty) yuppie birds. I did that stuff when I was 22; except for the rare occasions when a bird would do a bump off of your hramm, it’s overrated. The relative lack of benders- I never went to work hung over- offset whatever years the night-owl life has allegedly taken off the back of my life. Besides, the time to be in bars is at 7AM & 3PM with the REAL drunks.

    Ultimately, the best gauge was the ex-ol’ lady, who would constantly bemoan that I had it too good. Once I switched to the rat race life, albeit at significanly more scratch, she, not knowing what it was like in Billyburg from 2005-2007, was satisfied that a suitable amount of misery was injected into my life.

    That’s when I REALLY had it good.