These are the longer form readings that have caught my eye this week, curated for your leisurely weekend reading pleasure:

• The Kobe Assist (Grantland)
• How to Be Disrespectful Respectfully (Psychology Today)
• A gripping history of the 40 years since wealth started falling up (Nieman Reports)
• Banking and The Art World: Gold, Golden, Gilded, Glittering (Believer)
• Beef’s Raw Edges (The Kansas City Star)
• How we read (FT Alphaville)
• Pardis Sabeti, the Rollerblading Rock Star Scientist of Harvard (Smithsonian)
• What Will 2030 Look Like? (Above the Market)
• You Hate “Right To Work” Laws More Than You Know. Here’s Why (NSFWCORP)
• Fortune Interview: Larry Page on Google (Fortune)

What are you reading?

 

International Patent Applications (by country)  

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.

19 Responses to “10 Weekend Reads”

  1. ConscienceofaConservative says:

    Gretchen Tai: possibly the best fund manager you have never heard of

    http://brontecapital.blogspot.com/2012/12/gretchen-tai-possibly-best-fund-manager.html

  2. ancientone says:

    The 40 years of wealth falling up and the right to work columns, while not new information to me, are really depressing. This ignorant country is in big trouble.

  3. econimonium says:

    I would love to know how many union members voted for the clowns that just passed this legislation. I’m betting the percentage is pretty high, and that percentage watches the usual disinformation channels regularly. Frankly, it’s hard for me to fell anything at all but amusement at people who vote directly against their own interests. And let’s face it, the people of the great State of Michigan voted these people in. So, honestly, I hope they get what they voted for good and hard because, honestly, none of this will go away until people stop voting for these wretched teaPublicans.

  4. re..

    • Beef’s Raw Edges (The Kansas City Star)

    you know, there Is a difference between Jim Rome’s “The Jungle”–a, fairly, harmless Sports-blab Talk-fest on ‘the Radio’..

    http://search.yippy.com/search?query=Jim+Rome+The+Jungle&tb=sitesearch-all&v%3Aproject=clusty

    and, Upton Sinclair’s “The Jungle” — a, totally, different Story..

    http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus-ns-aaf&v%3Aproject=clusty&query=Upton+Sinclair+The+Jungle

    as there is a difference between AM Radio, and..
    http://www.meatpoultry.com/Writers/Bryan%20Salvage/Irradiation%20gets%20FDA%20boost.aspx

    from the Article..

    “…A medium-rare steak she ate nine days earlier at an Applebee’s restaurant…”

    “…Mechanically tenderized meat — which usually isn’t labeled — is increasingly found in grocery stores, and a vast amount is sold to family-style restaurants, hotels and group homes…”

    “…the U.S. beef industry is twice as concentrated as it was when President Teddy Roosevelt took on and beat the old Armour, Swift, Cudahy and Morris beef trust in the early 1900s. The big four packers today slaughter 87 percent of all heifers and steers…”

    (really, the whole article is worth reading..)

    http://www.kansascity.com/2012/12/06/v-project_one/3951690/beefs-raw-edges.html

    tags: Regulatory Capture, Fascism 2.0

  5. RW says:

    Dang! Didn’t close that link tag.

  6. Bob is still unemployed   says:

    As I continued to dig into the in-the-living set-top camera and microphone monitoring patent that Verizon filed, I ran across this interesting article about some of the sleaziness that appears to be behind some of the many infographics presented to web surfers.

    Don’t know if you’ve noticed, but 2012 seems to have been the Year of the Infographic. Everyone and their dog is producing impressively designed fact-filled charts and giving them away to bloggers. I’ve published a few myself at TY4NS.

    And, of course, there are dozens of infographics about dogs.

    Why do organizations spend the time and money on these things only to give them away? So they can get backlinks to their sites, raising their SEO profile and giving them lots of Google juice. Sometimes, though, the motives are a little more nefarious….

  7. johnester says:

    RIP shooting victims, and best wishes to the families
    this gun violence needs to stop, and nothing is being done about it
    action is needed ugently

  8. johnester says:

    How Nassim Taleb’s black swan fund could blow up http://www.scribd.com/doc/116827594/Untitled

    A good write-up about AAPL’s stock decline http://www.thereformedbroker.com/2012/12/15/apple-cloverfield/

    The unpolished truth by JA http://www.jamesaltucher.com/2012/12/ten-reasons-i-dont-have-opinions/

  9. Bob is still unemployed   says:

    @johnester – the questions need to go beyond gun violence. I ask, why is the United Stated such a homicidal nation? Why is the homicide rate in the US 5 times that of Western Europe and 10 times that of Japan? Why do we, as an advanced nation, tolerate such a high homicide rate?

    http://chartsbin.com/view/1454

    http://www.unodc.org/unodc/en/data-and-analysis/homicide.html

  10. gkm says:

    That Believer article is great. Thank you BR for identifying it.

    Really brings home some philosophical notions about value in exchange.

  11. VennData says:

    Is taxing the rich “Enough” to bring down the deficit?

    Of course not, does that mean we shouldn’t?

    Of course, not, we should.

    If you’re going to exclude things from the negotiations that don’t completely solve the problem, than you have to exclude Medicare, cutting it won’t solve the deficit completely. The military, cutting it won’t solve the problem completely. So?

    The GOP can’t run with this silly, Romney formula at Obama that imagines getting rid of some un-named deductions will be enough. Romney LOST running on that. More people voted for Democrats in the House running on that…

    http://www.nytimes.com/2012/12/15/us/politics/redistricting-helped-republicans-hold-onto-congress.html

    If the GOP wants to cut spending, announce to the world your spending cuts. Why not? If it’s so’ easy to cut government, cut some, GOP. It’s only the opening round of negotiations. Give us your detailed plan and stop pretending to everyone that someone else will get cut.

    Lay it out.

  12. VennData says:

    Fat-cat GOP donors to see how it feels to be the needy one…

    http://online.wsj.com/article/SB10001424127887324481204578179840800578754.html

    They’ve been coming to New York City in a steady stream during the last year: Republican politicians with palms outstretched, raising money at Upper East Side townhouses and Midtown hotels for campaigns around the country.

    Now, some of the city’s major Republican donors are hoping their checks will give them influence with the GOP as the region’s congressional delegation tries to win passage of a $60.4 billion package to pay for the rebuilding following superstorm Sandy.

    The influence of New York’s donors could help balance the relative paucity of regional members of Congress in the House Republican conference. The GOP-controlled House of Representatives is likely to be the largest hurdle to the passage of an aid package before the end of the year.

    Former Home Depot Chief Executive Kenneth Langone sat next to New York Gov. Andrew Cuomo, a Democrat, at a news conference in Manhattan on Friday morning. Mr. Langone gave millions of dollars to Republicans in the 2012 election. He was also a vocal antagonist of one of Mr. Cuomo’s predecessors, Eliot Spitzer.

    “There’s a time for all of us to pull together, and there’s a time for all my colleagues in business to pick up the phone, and call all those people up and say, ‘OK, now you can do something for us,’” Mr. Langone said. “We’re there for you whenever you need us.”

    The Obama administration has requested $60.4 billion from Congress to pay for a range of rebuilding projects in areas hit hard by Sandy, largely New York and New Jersey. The request has support from both sides of the aisle and a handful of prominent Republican backers, like New Jersey Gov. Chris Christie and Long Island Rep. Peter King.

    But it faces resistance from some Republicans in the House who say they’re being asked to spend too much money too quickly. Supporters of the proposal want it passed before Congress recesses for Christmas, which could happen as soon as the end of next week. The Senate is expected to start considering the proposal on Monday.

    “If we don’t get it done next week and before Christmas, I don’t think its going to get done,” Mr. King said. “And we have to do it now in the full amount. We can’t be stretching this out over a period of years.”

    A group of business executives, labor leaders and politicians met for nearly an hour Friday in Mr. Cuomo’s Midtown office to discuss the effort to pass the bill. The Partnership for New York City, a group of chief executives whose firms are headquartered in New York, sent congressional leaders a letter signed by dozens of executives, many of whom are active contributors to the GOP.

    One of the executives was Dave Barger, the chief executive of JetBlue Airways Corp. JBLU -0.90% and a contributor to House Majority Leader Eric Cantor (R., Va.) and other candidates in both parties. He said he planned to make personal calls to lawmakers.

    “It’s interesting. We fly to 75 cities. We employ close to 15,000 people. We had 88 crew members lose their houses,” Mr. Barger said. “It’s not regional. It’s national, as I think about who we can reach out to. Our brand boxes at a heavyweight in Washington, D.C.—the outreach effort, it really starts today and over the weekend.”

    Gristedes owner John Catsimatidis, a major Republican donor who’s considering running for mayor, said he sent personal emails Friday to Republican congressional leaders and planned to follow up with phone calls. Mr. Catsimatidis gave the maximum contribution to the political action committee controlled by Mr. Cantor, the Republican National Committee. A spokesman for Mr. Cantor didn’t respond to a request for comment.

    “My message to them is it is the holiday time, it is Christmas time, it is Hanukkah time,” Mr. Catsimatidis said. “It is time for all Americans to come together and aid New Yorkers that are in need.”

  13. S Brennan says:

    Susan Rice’s support of the still ongoing genocidal massacre in Congo is what really doomed her ascension to Secretary of State.

    “Susan Rice objected…[when]the United Nations proposed publicly disclosing that the UN report had found strong evidence showing Rwanda’s support for M23, She succeeded in having any direct reference to Rwanda omitted from the report…[the] most damaging part was the revelation that Rwanda under Kagame had been Susan Rice’s client when she worked at a consulting firm.”

    http://www.blackstarnews.com/news/135/ARTICLE/8588/2012-12-14.html

    Chuck Hagel anyone?

    Is it impossible that a guy who served in Viet Nam with honor & distinction as an enlisted man, who’s good service in the Senate and demonstrated competence in foreign affairs be nominated to Secretary of State position?

    In another time… in the USA, such a person would be a shoe in, but in our time, in our state of depravity?

  14. slowkarma says:

    Interesting Washington Post column by Steven Pearlstein: he says (essentially) that the Michigan right-to-work law is irrelevant, and has some interesting comments on the uses of statistics to support various views of right-to-work laws and their effects on state economies…

    http://www.washingtonpost.com/business/a-union-battle-whose-time-has-passed/2012/12/14/dda68652-44c5-11e2-8e70-e1993528222d_story.html

  15. Jojo says:

    Businessweek
    U.S. Manufacturing May Already Be in Recession
    December 13, 2012

    For the last three years, manufacturing has been the hero of the U.S. economic recovery. While housing and consumer spending have been slow to come back, manufacturing activity has outpaced the rest of the economy ever since the recession ended in June 2009. Capital expenditures and exports have contributed close to 75 percent of all gross domestic product growth since then. That’s led to 500,000 new jobs in the last two years. That’s not enough to replace the 1.8 million manufacturing jobs lost since 2007, but it gave President Obama some nice campaign fodder and fueled excitement that a manufacturing renaissance was under way in America.

    The truth is starker. Industry has essentially flat-lined since the end of the first quarter of 2012, and recent data suggest manufacturing may be in a recession. In November, the Institute for Supply Management’s Purchasing Managers Index, a broad measure of manufacturing activity, fell for the fourth time in six months; it’s at its lowest level since the recession ended. Manufacturing has shed 24,000 jobs since July, including 7,000 in November. Exports are falling faster than expected, leading to a record monthly manufacturing trade deficit with China in October, the second record monthly high since July. Even points of strength are starting to weaken: New orders for defense and transportation equipment fell in October. General Motors (GM) may have to cut production to reduce its inventory of unsold trucks, which is double the normal levels.

    “I think it’s pretty clear that we’ve reentered a manufacturing recession,” says Alan Tonelson, a research fellow at the U.S. Business and Industry Council, which represents some 2,000 small and medium-size manufacturers. Businesses, spooked by the fiscal cliff, have been cutting back on investments and reining in hiring as they wait to see if their taxes will rise next year, and if they will still be able to count on government contracts.

    The bottom line: After a strong few years, manufacturing has stalled–and still employs 1.8 million fewer people than in 2008.

    http://www.businessweek.com/articles/2012-12-13/u-dot-s-dot-manufacturing-may-already-be-in-recession

  16. GoBigRed says:

    If you want to avoid e coli. just eat grass fed meat. The meat industry types will tell you it tastes terrible, but it only doesn’t taste all fatty from all the corn feed force fed to steers in feedlots. People have eaten grassfed meat for thousands of years and did just fine. It wasn’t until corn and other grains started being subsidized that Big Ag has been telling us that this is superior. E coli. love the acidity of the cow’s rumen – all the way to the poop shoot – when you feed the cow corn. Humans have always used herbivores meat as a way of converting the sun’s energy saved in grass, which we can not digest, to energy for us. We don’t need animals to feed us corn. Unfortunately for me, I live in a red state controlled by Big Ag and they have gotten laws written where restaurants have to essentially serve burgers well done, it’s all about shifting risk. I asked a local restaurant once to have my burger cooked medium rare and he told me it’s illegal. So to protect the big processors in this state, we have to eat tasteless, well done meat that has relatively little nutrition left in it that slides right thru you. The less meat is cooked, the more calories you burn as it’s more difficult for the body to digest uncooked meat.

    Oh, I’m reading The Story of America: Essays on Origins by Jill Lepore and Priceless Markets: the political economy of credit markets in Paris 1660-1870.

  17. vachon says:

    Zerohedge posted a 2 part research paper from Credit Suisse on HFTs. Haven’t read it all yet but it’s very good so far.

    http://www.zerohedge.com/news/2012-12-15/high-frequency-trading-broken-market-primer-two-parts