Wake up sleepyheads! Start your Sunday morning with some reading material:

• Fed Exit Plan May Be Redrawn as Assets Near $3 Trillion  (Bloomberg)
• Inside The Koch Empire: How The Brothers Plan To Reshape America (Forbes)
• The ‘Mad Men’ Economic Miracle (NYT)
• Pencils Down? French Plan Would End Homework (NPR)
• Speed Up the Band: School Bands in the Age of the Hurry-Up Offense (Grantland)
• Americans Most Likely to Say They Belong to the Middle Class (Gallup)
• Big Money Bets on a Housing Rebound (NYT)
• Why are spem counts falling worldwide? (Economist)
• Google’s Lost Social Network (BuzzFeed)
Froomkin: How the Mainstream Press Bungled the Single Biggest Story of the 2012 Campaign  (HuffPo)

What are you reading on this drizzly Sunday morning?


Mortgage Rates Make a New Lows

Source: BeSpoke

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. PeterR says:

    And a hearty Sunday “Amen” to Froomkin’s piece in HuffPo:

    ” . . . campaign coverage in 2012 was a particularly calamitous failure, almost entirely missing the single biggest story of the race: Namely, the radical right-wing, off-the-rails lurch of the Republican Party, both in terms of its agenda and its relationship to the truth.”

    Now say all-together, “AMEN!”

    When the Fourth Estate gets this lost, our most precious compass fails to point North, and our constitutional democracy is threatened.

    Now for the next term of the Supreme Court, speaking of moral compasses at risk . . .


    [A September 29th overview, including questions about a possible change in the Court's internal dynamic occasioned by Chief Justice Roberts' recent opinions. Fascinating stuff!]

  2. ilsm says:

    From Economistsview: http://www.bloomberg.com/news/2012-12-07/when-the-army-invaded-montgomery-ward.html

    Now, a drone strike!

    The corporatist libertarians ought to forg all those war profits.

  3. Overseas American says:

    I’m reading
    and liking it:

    “A new government led by Johanna Sigurdardottir embarked on a campaign to hold accountable the so-called neo-Viking bankers at the center of Iceland’s crisis. Instead of picking a prosecutor from law firms in Reykjavik, which had depended on the banks for business, the government drafted an investigator from a remote village. Although a number of bankers fled the country to avoid prosecution, the former chiefs of two of the three biggest banks have been indicted and are standing trial.”

  4. CSF says:

    What do the following have in common?
    – Temporary Military Facilities (U.S. Overseas Bases)
    – The War on Terror
    – Fed Exit Plan

  5. sellstop says:

    When not reading the insightful commentary of Mr. Ritholtz or the links to engaging and provocative ideas at his wonderful site, I am spending this cold (35 degrees is cold here) Sunday morning reading Nassim Taleb’s latest, “Antifragile”.

  6. VennData says:

    How Obama’s data scientists built a volunteer army on Facebook


    Just pray and we will beat them! Rubio, “I am not a scientist” is going to need a lot of prayer to beat the Democart who gets a hold of these Democrat scientists.

  7. Jack Damn says:


    - How Calorie Restriction Influences Longevity
    - http://www.sciencedaily.com/releases/2012/12/121206142025.htm

    In the latest issue of the journal Science, available online December 6, Dr. Verdin and his team examined the role of the compound β-hydroxybutyrate (βOHB), a so-called “ketone body” that is produced during a prolonged low-calorie or ketogenic diet. While ketone bodies such as βOHB can be toxic when present at very high concentrations in people with diseases such as Type I diabetes, Dr. Verdin and colleagues found that at lower concentrations, βOHB helps protect cells from “oxidative stress” — which occurs as certain molecules build to toxic levels in the body and contributes to the aging process.

    - Why We Get Fat
    - http://www.sciencebasedmedicine.org/index.php/why-we-get-fat/

    Has Gary Taubes destroyed the old low-fat myth only to create his own new low-carb myth? Rather than jumping on the low-carb bandwagon before his ideas are properly tested, the precautionary principle suggests that it might be more reasonable to follow a moderate diet like the Mediterranean diet (or to follow Michael Pollan‘s stunningly simple advice to “Eat food. Not too much. Mostly plants.”), to limit “empty calories” from simple carbohydrates like sugar, to eat a variety of vegetables and fruits, to choose low calorie density foods that are more filling, to limit meat intake, to limit salt, and to keep looking for behavioral and environmental ways to change our calories-in/calories-out balance.


    BR: Radical Calorie Restriction? Sure you live longer, but who wants to live that way?

  8. rd says:

    Article about 30 years of ignoring warnings about NYC vulnerability to major storms. We have lost significant chunks of a couple of major US metropolitan areas due to storms as well as other inland areas due to river flooding over the past decade. One would think that the biggest single priority for budgets and actions is preservation of the city itself:


  9. James Cameron says:

    “The bribed tipsters were watching for bankers who ‘were coming in and out of Teterboro Airport,’ agent David Makol wrote in a summary of Slaine’s Aug. 18, 2007, conversation with the Federal Bureau of Investigation, one of more than 200 they had with him. ‘All the major players involved in the pharmaceutical industry would come in and out of that airport.’”

    Dream Insider Informant Led FBI From Galleon to SAC


  10. BR: Radical Calorie Restriction? Sure you live longer, but who wants to live that way?


    yes, it’s a Good Question..though, see it through this ‘Lens’..

    The Untold Story of Milk: Green Pastures, Contented Cows and Raw Dairy Products
    Death by Supermarket: The Fattening, Dumbing Down, and Poisoning of America

    remember that which you remind us of, frequently (and, correctly..(to be clear..)), about ~our Monkey Brains..

    those *same/similar “WetWare” *Hardwirings are Alive, and Well, down to our Toes..

    obviously, that has Import for our Physical Diet(s), as well as our Meta-Physical ones (what We ‘See’/Read/Think..)

    with.. http://search.yippy.com/search?query=Whole+Foods+Whole+Fraud&tb=sitesearch-all&v%3Aproject=clusty

    to begin with..there’s a Difference, and it’s crucial to One’s Health & Well-Being..


    “…The biggest obstacle to health today may be the notable lack of scientific information on diet and nutrition. Most people now get their dietary information from the massive advertising campaigns of the food-processing corporations, with little awareness of what good nutrition comprises. With the publication of Naturopathic Nutrition, that obstacle is removed. Abram Hoffer is well-known as the founding father of clinical nutrition and orthomolecular medicine (the therapeutic use of optimum concentrations of nutritional supplements to treat disease), and Dr. Prousky teaches clinical nutrition at the Canadian College of Naturopathic Medicine. The naturopathic emphasis on diet as the basis of good health, while presenting scientific analyses of nutrients, makes this book unique…”


    Hippocrates Said “Thy Food Shall Be Thy Medicine”

  11. Joe Friday says:

    slowkarma posted:

    From the WSJ, the ‘Fantasy of a 91% income tax rate’.

    Just two things you need to know in regards to the article. It was written by Peter Schiff, and it appeared in the Wall Street Journal.

    Peter Schiff has been continuously wrong for years. Just since 2008:

    * He was WRONG about hyperinflation

    * He was WRONG about the dollar

    * He was WRONG about all foreign equities

    * He was WRONG on US treasuries

    * He was WRONG on interest rates, both foreign and domestic

    The track record of the Wall Street Journal is embarrassing.

    It’s quite clear where the “fantasy” resides.

  12. craig.r.jackson says:

    “• Big Money Bets on a Housing Rebound (NYT)”

    You know what happens when the small houses go to renters…

  13. Joe Friday says:

    Jack Damn posted:

    How Calorie Restriction Influences Longevity

    Ah, but it’s not the calorie restriction that increases longevity, it merely convinces the body that you’re slowly dying which causes your physiology to supercharge your immunity system, and that is what increases longevity.

    So, once they figure out how to flip that genetic switch without resorting to eating cardboard, or are able to synthesize a concentrated version of resveratrol, we’ll all be able to live to 150+ while still eating sweet potato fries deep-fried in duck fat.

  14. ffnposter says:

    If you really need funny financial news, funnyfinancialnews.com. Pretty awesome site folks :-)

  15. RW says:

    Trillion dollar platinum coin. “Although Congress has prescribed limits on the Treasury’s ability to print currency or mint coins of copper, nickel, silver, or gold, the law specifically says …that there are no restrictions on what kind of platinum coins might be issued.” Too bad Obama doesn’t have the stones of a Lincoln or Roosevelt or we’d be done with debt limit hostage taking stupidity tomorrow.

    @Joe Friday WRT immune system: In Girl’s Last Hope, Altered Immune Cells Beat Leukemia. I’m not particularly surprised they found a medical use for lentivirus (HIV) — accessing and reprogramming immune cells would be an important technology on multiple fronts — but I’m genuinely surprised its already found its way into treatment.

  16. VennData says:

    The GOP apostates, Mann and Ornstein, have a point about the level of GOP lies. The main issue is how the GOP policies caused the financial crisis. The faithful will listen to anything and everything to justify their feelings of anger at how they did this to us.

    So once the floodgates opened, the sluice of nonsense has spread through like there’s nothing to stop it, except the majority vote.