This week’s collection of longer form journalism, expertly curated for your weekend reading pleasure:

• Paul Volcker: Hard Money Man (Boston Review)
• The Business of Phish (priceonomics)
• Terminal Illness: Readers’ Best and Worst Airports (Freakonomics)
• My Time at Lehman (Thoughts from Brooklyn, NY)
• Does BuzzFeed Know the Secret? (NY Magazine)
• Peeping Toms: A history of real estate voyeurism (New Republic)
• A Point of View: Science, magic, and madness (BBC)
• Tomgram: Engelhardt, The Cathedral of the Enemy (Tom Dispatch)
• Puzzling Behavior (FA Magazine)
• Boomers Push Doctor-Assisted Dying in End-of-Life Revolt (Bloomberg)

Whats up for the weekend?


Poor little rich countries: The wealthy economies are in for a tough year

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.

13 Responses to “10 Weekend Reads”

  1. [...] The business of Phish.  (Priceonomics via Big Picture) [...]

  2. VennData says:

    Big Ten Realignment

    “…The Big Ten’s initial division alignment for the 2011 season was based primarily on competitive balance rather than geography. Teams such as Wisconsin and Illinois were moved in the opposite division from some of their rivals, and several top rivalries, such as Michigan-Ohio State, were protected with crossover games. When the Big Ten announced the Legends and Leaders names in 2010, it received some negative feedback. In January, Big Ten commissioner Jim Delany told ESPN he was a “little surprised” by the backlash received when the division names were announced.​..”​

    ​LOL, they should just call them Channel 1 and Channel 2.​

  3. DeDude says:

    Krugman has for many years argued a simple truth about this crisis and its resulting slump. High unemployment is problem#1 whereas debt/deficits are problem#2, and if we solve the first problem we will be a good part of the way towards solving the second. Furthermore, if we mindlessly hammer at the second problem we will be making the first problem much harder to solve. Reality in the western world has proven him right, yet the right wing has been unrelenting in its demand for austerity. Now he seems to be optimistic that the fiasco of the R&R “cover-story” for the austerity myth may put some sense into the policy making process.

    I hope he is right, but I am not optimistic. The deficit scare story has always just been an excuse for the real goal of cutting the size of government. That is why deficit debate has never really been conducted at a serious intellectual level, backed up by facts. The conclusion was already given as “we must cut the size of government” and the story of “deficit Armageddonists” was simply a powerful argument, because of its simplicity and relations to what had to happen in individual households. R&R were not acting as economic scientists but rather as paid agents for a political agenda they themselves supported. Will they and theirs give up the agenda and become more careful scholars? – maybe, but for how long? In my opinion the willingness to sacrifice truth for agenda is a personality trait and not easily erased (even if temporarily suppressed by embarrassment).

    The “small government” agenda may have been given a setback by this event and by the ever faster shrinking of the projected deficits:

    but it is an ideology – so it will take a lot of facts and fiascos to kill it.

  4. farmera1 says:

    Industries where wages are dropping. Some of the comments point out that this is just part of the picture with participation in the labor force dropping and all of the part time employees, the actual picture is much broader (and overall probably worse) than what is mentioned in this link.

  5. billybob says:

    Now we can add “enemy” to the: military, medical, agricultural, oil, and financial industrial complexes. Ain’t we exceptional?

  6. ilsm says:

    The North Korea (Iran) nukes:

    No missiles, with range.

    No warheads, (small enough).

    Star wars will spend $130B between 2013 and 2017 with no baseline because they defend against fear and the stars war’s object is deploying profits.

    At least the 14 missiles that were to be deployed in east Europe against the Iranian fiction are being diverted to be increase the number of untested interceptors deployed in defensive “fields” in Alaska and California.

    To defend against the fear that Boeing profit from disconnected missiles protecting us against shades.

  7. James Cameron says:

    This piece dates from January (and for all I know it was posted here at the time). Great read.

    Contemplating Obama’s Place in History, Statistically (NYT, Nate Silver)

    George W. Bush is victim of a rush to judgment (WAPO, Stephen F. Knott, professor at the U.S. Naval War College)

    It’s unfathomable to me how Bush will ever be able to pull off a Truman, not with his resume.

  8. hue says:

    Get Back Chechnyans to Where You Once Belong (Salon)
    The Beatles song that became “Get Back” began as an anti-immigrant satire so easily misunderstood it remains in the vaults.

    Play That Funky Music White Boy

  9. RW says:

    Very good but still filed under “I’ll believe it when I see it”

    SEC to Move Past Financial Crisis Cases Under Chairman White

    Mary Jo White, the first former prosecutor to serve as chairman of the U.S. Securities and Exchange Commission, has pledged to run a “bold and unrelenting” enforcement program at the agency charged with regulating Wall Street. …

    Getting Back to Full Employment

    … I know it’s way outside the current political box. But this relatively new gap between employment and productivity will only exacerbate the old gap between income and productivity unless we begin to think and act outside that box on ways to achieve full employment. Direct job creation is part of the answer.

  10. VennData says:

    GOP voter, keep an ear out for how you’re supposed to:

    ​​Cheer the private enterprises that happily sold the White terrorists their bullets, cookery, and detonators

    ​Boo the gov’t thugs that caught them.

    Remember that’s what the GOP media Machine is for.

  11. RW says:

    The Bitcoin Bubble and a Bad Hypothesis

    It beats the classic historical example, produced during the 18th century South Sea Bubble of “a company for carrying out an undertaking of great advantage, but nobody to know what it is.” …Bitcoin also outmatches Ponzi schemes, which rely on the claim that the issuer is undertaking some kind of financial arbitrage …. The closest parallel is the fictitious dotcom company imagined in Garry Trudeau’s Doonesbury, whose only product was its own stock. …

    According to the efficient-markets hypothesis (EMH) …this should be impossible. The EMH states that the market value of an asset is equal to the best available estimate of the value of the services or income flows it will generate. …Since Bitcoins do not generate any actual earnings, they must appreciate in value to ensure that people are willing to hold them. But an endless appreciation, with no flow of earnings or liquidation value, is precisely the kind of bubble the EMH says can’t happen.

  12. VennData says:

    Global Tax-Data Exchange to Be Endorsed

    We must stick together to make sure this doesn’t come to vote! The benefits of bringing capital out into the open and taxing it will not lower your taxes, or your portion of the deficit, like the liberals say, Why? Ask they why will it? Don’t stand for their fuzzy numbers!

    Think about your privacy! You don’t want your tax data share with France, do you?!

    Vote to keep off-shore money off-shore! Take your money off-shore now! Screw Obama’s socialism!