Some Friday morning reads to end your week:

• Economists React: What to Expect From Bernanke’s Jackson Hole Speech (WSJ) see also Bernanke’s Dilemma Over His Legacy (WSJ)
• Volatility Analogy (Aleph Blog)
• SEC Study Proves Stock-Picking Should Be Left to the Professionals (New York Mag) see also Research Pinpoints Brain’s ‘Gullibility’ Center (US News)
Chart of the day: Apple vs Microsoft Edition (Felix Salmon)
• 82 Reasons We Love Warren Buffett (
• U.S. Gasoline a Bargain as Drivers Pay 63% Less Than Norway (Bloomberg)
• Everything You Think You Know About China Is Wrong (Foreign Policy) see also China’s Growing Economic Crisis (Bloomberg)
• Thomas Kuhn: the man who changed the way the world looked at science (Guardian)
• Obama Says Amendment May Be Needed to Limit Campaign Finance (Bloomberg)
• GOP Rates Future Contenders (WSJ)

What are you reading?

Majority of New Jobs Pay Low Wages, Study Finds

Source: NYT

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.

23 Responses to “10 Friday AM Reads”

  1. ElSid says:

    On “U.S. Gasoline a Bargain as Drivers Pay 63% Less Than Norway”:

    The “effective” cost of gasoline is much higher here than in Europe. Almost all europeans have access to public transport and most use it on a regular basis (I once lived there for several years, and almost no one I knew had a car). Comparing prices per gallon is only a small part of the story. Miles driven is the rest.

    Also, it’s funny to see that a major oil producing country like Norway (“major”, as in per capita) has a much higher gasoline price than we do. They could cut that price in half tomorrow, if they wanted to, but they don’t even think there is anything wrong with it.

    How would America even think of competing with these other countries, if we paid as high a gasoline bill as they do? We have a “subsidy” that is immeasurable.

  2. 4MYGRANDKIDS says:

    Re:low paying jobs

    Check out the jobs created by Bain under romney. Pretty much all minimum wage jobs.

  3. MojaveMax says:

    “‘Honey Boo Boo’ Ratings Top the Republican National Convention
    The TLC series hits another high in its fourth episode, nearing 3 million viewers and topping cable news and broadcast network coverage of the RNC among adults 18-49. ”

  4. VennData says:

    Romney Promises to ‘Restore’ U.S.

    To halve the stock market; fire those new, net five million workers and bring back bin Laden?

  5. Bob A says:

    Apple Worked A Broken Patent System
    Apple used a dysfunctional U.S. patent system to gain excessive control over technologies it did not invent. If you value innovation, don’t cheer Samsung’s punishment.

  6. mrthinks says:

    @formerlawyers CAFE link:

    If only we could switch over to clean(newer) diesels, they have hybridesque mileage without hybridesque complicated drivetrains.

    That way we can all drive Brinks trucks and still get 30 MPG :)

  7. Bob A says:

    In Japan, a Setback for Apple in Patent Fight
    Published: August 31, 2012
    TOKYO — A Japanese court rejected Friday patent claims made by Apple against Samsung,

  8. VennData says:

    “We’re not going to let our campaign be dictated by fact-checkers,” as Romney pollster Neil Newhouse

    I think that actually might be a good idea, Neil, though you may not win, winning isn’t everything, what’s everything is what’s best for America.

  9. VennData says:

    So… seven Children by five different Women = professional athlete? …no… a Rapper? …no
    … It’s “conservative,” ” traditional-family,” chair-monologuing GOP’er Clint Eastwood.

  10. VennData says:

    Apple Worked A Broken Patent System

    “…Apple used a dysfunctional U.S. patent system to gain excessive control over technologies it did not invent. If you value innovation, don’t cheer Samsung’s punishment…”

  11. VennData says:

    Mr. Romney Reinvents History

    “…Mitt Romney wrapped the most important speech of his life, for Thursday night’s session of his convention, around an extraordinary reinvention of history — that his party rallied behind President Obama when he won in 2008, hoping that he would succeed. “That president was not the choice of our party,” he said. “We are a good and generous people who are united by so much more than divides us.”

    Their Tea Party squawking was in full bloom weeks after the election. Complete, utter nonsense from Romney and the key… To get people to actaully the GOP in any way cooperates with Obama and the democrats is a fantasy.

  12. DeDude says:

    So Romney is proposing the same “tax-cuts for the rich”, “increased security/military spending” and “cut all else” policies that Bush II used to destroy private sector employment, explode the deficit, and blow up the economy with. Insanity indeed, if you would vote for that again.

  13. willid3 says:

    did we see how that plan worked out the last time? and without a new housing bubble we wont even see those jobs back. this decade. and all those tax cuts we gave out that were supposed to create jobs? either we gave them to the wrong people, or they are too wimpy, or both. and that mantra that its the uncertainty that stops them. must also stop them from leaving the house too. and from being in business at all. since none of that has any certainty at all.

  14. farmera1 says:

    Fox article on Ryan’s speech at the convention. Must have been fact challenged if Fox criticizes it.

  15. PeterR says:

    If you can prove “the certainty of hopelessness” you may be able to discharge your student loans in bankruptcy:

    Wow, better open the floodgates for a wave of litigation!

    Have a good weekend, and some fine wine, etc. . . . . .



  16. willid3 says:

    mrthinks, while diesels can get better gas mileage (seems like I saw that their energy efficiency is about 5-10% better than gas), the price difference in fuel is much higher . usually diesel has been about .30 higher (or more). so unless you can get a lot better than than in efficiency, you are loosing out any way. and its not like diesel engines are cheap. they aren’t they are expensive to buy. and you think just because it works in Europe it should work here. Europe gives a tax break on diesel fuel. and they punish high powered cars too. and fuel is a lot higher there. but they don’t have to go far. and they actually have public transit that works. but when you at the geography, you can see why that is

    maybe its time to pull out of mutual funds too? a little to like banks from the 1930s? the ones that collapsed and took the money with them? like in 2008?

  17. Jojo says:

    U.S. Gasoline a Bargain as Drivers Pay 63% Less Than Norway (Bloomberg)
    I wish people would stop with these stupid articles about gas price differences. Norway’s economy is completely different than the economy here. Their tax structure is completely different. Their political system is completely different.

    Trying to compare gas pricing is worse than comparing apples to oranges.

  18. VennData says:

    Facebook Shares Hit New Lows

    Boon: Unbelievable. A new low. I’m so ashamed.

    If fact ‘Animal House’ is a good analogy: A bunch of college goofs pull the wool over the eyes of the establishment.

  19. willid3 says:

    seems like we have been in the same mess before. but last time a ceo took the problem by the horns…and that lead to better solution. but we dont have ceo’s like that any more.

  20. Joe Friday says:

    I see Bloomberg is attempting to make us feel complacent about being price-gouged by our gasoline refineries.

  21. farmera1 says:

    An internet rumor about big trouble at Morgan Stanley.

    Read some of the comments. Who knows what the great cosmic truth is about MS. Generally when you start seeing a lot of this stuff, there is some reason for the smoke, think Enron etc.

    Interesting story about Enron. When the internet was running white hot about Enron being in trouble, I had a local broker try his best to get me to buy Enron. “We’ve had our accountants go over their books and none of the rumors are true. Enron is sound” was his big line. Me being a true skeptic and thinking where there is smoke there is generally a fire didn’t buy. The rest is history…