Say what?

• Skilled Work, Without the Worker (NYT)
• Why Is the Price of Gold Falling? (The Atlantic)
• 2013 Could Bring Gas-Tax Hike (regardless of election’s outcome) (Barron’s)
• Facebook Awaits Index ‘Like’ (WSJ) see also Judge Raises New Questions About Facebook Advertising Tactic (Bits)
• You’ll never be Chinese (Prospect Mag)
• 10 Fatal Flaws That Contribute To A Leader’s Failure (Farnam Street)
• Martin Wolf: Paul Ryan’s Plan for America Isn’t Credible (Financial Times)
• Obama: A president ready for a showdown vs Congressional Republicans (FortuneAn attempt to appeal to 2008 supporters? 
• Twenty-Five Rules of Disinformation (Whale)
• Guerillas on London Transport (The Poke)

Whats on your tablet?


QE3: Mixed Bag for Commods  

Source: Barron’s

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.

17 Responses to “10 Sunday Reads”

  1. crutcher says:

    Exceptionally interesting reads, thanks.

  2. Per Kurowski says:

    Oops! Is this why Martin Wolf launches a visceral attack on Paul Ryan?

  3. Conan says:

    I am commenting on the NYT article concerning robots or automation…I am an Industrial Engineer who travels extensively and this is really happening…The first reason I hear in private is exactly what the guy from Foxconn said…Business doesn’t like dealing with workers…..It’s not a question of just cost, dealing with people is just another headache and they find it very disagreeable and a distraction from “business”.. The other reason is just pure cost, I do these calculations all the time, which is better, 3rd world low skilled “cheaper labor” or 1st world automated manufacturing…..The problem is most of this stuff is plug and play and the support function, Engineers, mechanics, etc are cheaper in the 3rd world. So the only thing stopping this is transportation and being close to your market. IF this is sensitive and the money is there..then you will locate close to your customer…If not then you can put your factory basically where eve you want….

    Last remember it is the Apple model to design in the US, build in China and run their profits through tax friendly countries to lower their US Taxes..They are true leaders and innovators that many are trying to copy in more ways than just their products.. I make other consumer products and their model is being discussed from a how to do business point of view.

    This is coming, we all need to figure out how we will deal with it and prosper.

  4. A says:

    Barry: as you develop the ‘new look’ for your site, please don’t change these Daily Read summaries.

    They are informative and educational.

    Thanks for doing this.

  5. willid3 says:

    that robotics story isn’t new. for all of the griping about auto workers in the last years, it ain’t the same as it was in the 60s-70-80s. or even 90s. there is a lot of robots at GM (hint. in the 60s they built several million cars in the US with about 700,000 workers. today they have less than 200,000 workers and make more).
    other than the skilled workers who set up and manage the robots, there are going to be fewer workers in manufacturing
    but that leaves the real economic problem

    where will the jobs come from?

  6. BusSchDean says:

    Then there is this article: “Merchants and Shoppers Sour on Daily Deal Sites.” Here the market seems to be working. Someone comes up with an idea, does a proof of concept, and gets others to buy stock to support the idea. Sometimes these ideas work beautifully and sometimes not. It is a little surprising how some retailers failed to do a bit of # crunching before signing on with firms like Groupon. A few “If, then” scenarios in excel should have caused them some concern.

  7. Jojo says:

    Economix – Explaining the Science of Everyday Life
    August 17, 2012
    Is Simple Demography Behind Weak Economy?

    Economic growth in the United States has been disappointing for more than a decade now. Some of the reasons are complex and hotly debated, and will be the subject of a series of posts here starting next week. But one of the reasons is not mysterious at all. It simply reflects demographic changes.

    The share of Americans who are working age — old enough to be out of school but young enough not to be retired — is no longer growing. Only about 53 percent of the population was between the ages of 25 and 64 last year, unchanged from 2007 and up only slightly from 52 percent in 1997. Between 1967 and 1997, by contrast, the share grew 8 percentage points, to 52 percent from 44 percent. As more baby boomers retire, the share will begin to fall.

    Fewer people of working age means, obviously enough, fewer workers. It also means fewer potential entrepreneurs creating new businesses that hire people.

    And aging isn’t the only demographic weight holding back the economy.

  8. Jojo says:

    Wow! Seems like you have to be pretty rich to live in NYC.
    August 17, 2012
    Rent or Buy?

    BLANCHING at their rent bills, more New Yorkers are being forced to confront that age-old question, should I rent, or does buying make more sense?

    In many cases, the hard numbers point toward the latter. The average Manhattan apartment rented for a record $3,459 in July, according to Citi Habitats, which called the price the highest since it began tracking rents in 2002. And with the vacancy rate hovering around 1 percent, landlords aren’t willing to cut deals.

  9. Jojo says:

    Mars Panorama – Curiosity rover: Martian solar day 2,-8.03,61.5

  10. PeterR says:

    More mud in the eyes for Fa(r)ceBook. Sounds as if the judge may dig deeper? If he forces a recalibration of the “Like” stats, will this adjustment backtrack to lower the estimated value of FB under its bizarre methods of self-valuation?

    Do we smell the possibility of a shareholder revolt/lawsuit in the works?

  11. Joe Friday says:

    Krugman calls out Niall Ferguson for yet ANOTHER of his repeated whoppers:

    Zombie RightWing Propaganda Just Never Dies

  12. VennData says:

    “…Mr. President, you did not kill Osama bin Laden, America did…”

    … and the rich in this once-great nation need further tax cuts.