Some longer form reads to start your weekend off right:

Wherein Nate Silver Schools SCOTUS Chief Justice Roberts on proper use of statistics (538)
• Life of Pi explained (Great Stories)
• How Disney Bought Lucasfilm—and Its Plans for ‘Star Wars’  (BusinessWeek)
Whistleblower: Wells Fargo Fabricated and Altered Mortgage Documents on a Mass Basis (naked capitalism)
• How Dollar Diplomacy Spelled Doom for the British Empire (Echoes)
Lipstick on an Elephant: Deep behind a tangle of denial and rebranding initiatives, a GOP resuscitation plan emerges (New York)
• China’s Richer-Than-Romney Lawmakers Reveal Reform Challenge (Bloomberg)
• Covert Malaysian Campaign Touched A Wide Range Of American Media (BuzzFeed) see also News outlets unearth more Donors Trust recipients (Center for Public Integrity)
• How to Score an Office Wife (GQ)
• Japan Earthquake, 2 Years Later: Before and After (In Focus)

What are you doing this weekend?


Hockey Stick Graph Now Even More Stickish  

Source: Kevin Drum

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.

10 Responses to “10 Weekend Reads”

  1. PeterR says:

    Great article (and illustration) by Frank Rich in New York Magazine — Lipstick on an Elephant.

    Allow me to introduce my nephew, Mordac, preventer of information services.

    2001 — A Space Odyssey

  2. mathman says:

    Have Americans Given Up on Saving for Retirement?

    In the wake of the Great Recession, retirement-minded Americans are feeling an unprecedented amount of futility. They are undersaved and — worse — see little reason to do anything about it.

    That’s the alarming conclusion in a new report from the Deloitte Center for Financial Services, which found that 60% of preretirees believe health care costs will consume their savings no matter how much they save. Similarly, 39% believe investment returns won’t be high enough to provide decent retirement income regardless of how much they manage to put away.

    Deloitte found exasperation at every turn: 58% don’t have a retirement plan; nearly 40% don’t know what an annuity or mutual fund is; and 20% expect to rely purely on Social Security for their retirement needs. More than half don’t trust anyone’s advice.

    . . . and some of you thought the whole Boomer generation was just rollin’ in dough.

  3. rd says:

    What is interesting about the revised hockey stick graph is the steady decline of 1.3 degrees over the past 6,000 years. The period towards the end of that decline included the conditions that Hobbes basically summarized as “life is cold, brutal, and short.”

    We are in a typical condition where it is very hard to make adjustments to big, complex systems and end up with a perfectly balanced system. However, if I had to choose about increasing cold drifting back into continental glaciation versus warming leading to drought etc., I would pick the warming – that gives you a chance whereas 2 mile thick ice sheets rolling over your house don’t.

    We areusing too much energy and putting too much carbon dioxide into the air but like most tragedy of the commons issues, there are generally local self-interests that over-ride global self-interest, so we must figure out how to make our society and infrastructure more flexible and adaptive. The left focusing on global “save the earth” carbon reduction as the only solution and the right simply ignoring the issue in its entirety are clearly both doomed to fail. Somehow we must get to a moderate middle ground that can actually end with useful results. Surprisingly, many of the things that will help to make our country more likely to survive are better land use and agricultural practices, addressing river management and pollution control practices, etc.

  4. louiswi says:

    Lipstick on an Elephant is a great read this weekend. A more descriptive title might have been: “The Pitfalls of Polishing a Turd”.

  5. MidlifeNocrisis says:

    RE: Lipstick-Rebranding the GOP

    I received my voter opinion poll from the Republican National Committee last week. Although the questions are very biased and loaded with innuendo and false assumptions, I did my very best to help out their cause. I told them they need to reduce Gov’t spending by stopping subsidies and bailouts to the TBTF banks, quit fighting settled law with regards to women’s rights, save Social Security by raising the cap on wages subject to the SS tax, and quit trying to keep people from getting married.

    Alas, I’m guessing they will just throw my opinion poll in the trash when they get it. No, I didn’t put my own stamp on the return envelope and instead return mailed it “no postage necessary”. I also didn’t send them any money but I sure appreciated their attempt to solicit my help.

  6. Bob is still unemployed   says:

    Apparently, the large increase in the number of mobile computing devices with still and movie camera capability has challenged those who are purposed to watch over all communication.

  7. S Brennan says:

    A couple of interesting charts on unemployment, clearly labor participation rate dropping is a significant portion of the “good news”…

    …but also notice that the divergence occurs in the spring of 2009. Why? What’s the difference between one Administration to the next? The source is not somebody given to covering for the Bush administration. Given the experience of those living around me, some now disappeared, the “official” numbers have an Orwellian “look & feel”.

  8. RW says:

    Causing recessions

    If a car driver falls asleep at the wheel of his car, do we say they caused the accident that follows? Of course we do …Whatever shocks have caused weak demand in this recession, if monetary policy is constrained, fiscal policy should be trying to offset these shocks. [4] In these situations, the presumption should be that fiscal policy is countercyclical. If it is not …The driver is falling asleep at the wheel.

  9. rd says:


    You are assuming there is a driver and a wheel.

    The best I can tell is that most of the policy makers are more like drunks staggering home after long nights of binge drinking.