Here are my longer form — more in depth detailed journalism — weekend reads for your Saturday morning pleasure. Pour a cup of coffee and have at it:

• Everything Is Rigged: The Biggest Price-Fixing Scandal Ever (Rolling Stone)
Talkin’ ’bout a revolution: Why Occupy Wall Street Failed (
• Facebook Leans In (Vanity Fair) see also The second coming of Facebook (CNNMoney)
• This Bud’s for You! Legal Pot in the U.S. (
• Bad Directors and Why They Aren’t Thrown Out (NYT)
• The Rise of Big Data (Foreign Affairs) see also A Brief History of Applause, the ‘Big Data’ of the Ancient World (Atlantic)
• David Lee Roth Will Not Go Quietly (BuzzFeed)
• In The Dark: Dark matter is the commonest, most elusive stuff in the universe. Can we grasp this great unsolved problem in physics? (aeon)
• A Different World: How one small college is quitting sports — and might lead a revolution (SB Nation)
• The 50 Machines You Will Need to Rebuild Civilization (should it come to that) (Climateer Investing)

What are you doing this weekend?


Change in Real Wages since Q1 2000

Source: NYT

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:

    Matt Taibbi nails it again:

    “This is corruption at the molecular level of the economy, Space Age stealing – and it’s only just coming into view.”

    2013: A Space Odyssey

  2. DeDude says:

    Another R&R type fallacy building up. “Suspect clammed up after being read Miranda rights”
    The presumption on the right is that he stopped talking BECAUSE he was being reminded that he did not have to talk. Alternative explanations with a much better support from reality are not even considered. All suspects are much more talkative right after an adrenaline pumping chase and capture. It sort of gets them in a state of focusing a lot more on the here and now (forgetting about the future). That is why police always begin questioning captured suspects right away (reading them their rights and then asking them questions on the spot). The big question is whether he immediately after being read his rights asked to get an attorney. The fact that they continued questioning him would suggest that he did not – then the reading of the rights did not make much of a difference.

  3. hue says:

    Yesterday, Taibbi tweeted, “Being inundated with dirty financial stories today — may need a week just to get them all online.” In addition to, “Everything is Rigged,” There is this:
    “While Wronged Homeowners Got $300 Apiece in Foreclosure Settlement, Consultants Who Helped Protect Banks Got $2 Billion” & more (Rolling Stone)

    Twitter Trifecta: Jack Dorsey discussed his two companies, Twitter & Square. Biz Stone & Evan Williams have a conservation about conversation, we have quantity but not quality.

  4. CB says:

    RE: Everything is Rigged – seems to me that access and control of information is the ultimate power and will be exploited at every opportunity. This seems to be the human condition across time, geography and social organization. Technology and increased complexity only seem to magnify it.

  5. Jojo says:

    What Does the Internet Know About You?
    Barbara E. Hernandez, TechNewsDaily Contributor
    April 26 2013 04:00 PM ET

    More of your information is available online than you may realize.

    As Rebecca Martinson knows, there’s no privacy on the Internet. When a profanity-laden rant she emailed to only her Delta Gamma sorority sisters made its way onto Gawker and into viral history, she was publicly mocked and forced to resign from the sorority.. But the Internet is not only a place to be humiliated. It’s also a place for people or companies to pick up even more information about you. That includes your address, gender, date of birth and, with a little sleuthing, your Social Security number and credit history.

    That’s been made clear in a recent spate of “doxing” (document tracing) of celebrities that revealed, for example, that Microsoft CEO Bill Gates had an outstanding debt on his credit card. But none of this information comes from hacking. It’s either already public or accessible by, for example, paying an online people-finding service to get a Social Security number, and then running a credit check.

    Then there’s all the data you pour into social media sites such as Facebook, Twitter, Tumblr, Instagram, Foursquare and others. Now employers can fire workers for expressing opinions they don’t like, strangers can stalk you with mobile apps and college administrators can judge the quality of applicants by the number of drinking photos posted to their account.

    Aleecia L. McDonald, director of privacy for the Center for Internet and Society at Stanford University, said people are grappling with the idea that their information has a secondary use. “The issue isn’t so much that information is out there and people can see it,” she said. “On Facebook, that’s the point. But it’s when that information gets used in a new and different way.” [See also: That's an Order! 10 Facebook Privacy Tips from the Marines]

    Remember that what you post can be seen by others. Be careful of what you say and which photos are posted because it could potentially be seen by millions of people.

    “A lot of data is coming from people directly,” McDonald said. “Lock down [social media] accounts to only friends. Being more mindful is the first step we can take before looking for other solutions.”

  6. hondje says:

    re: Dark Matter, The CDMS (Cryogenic Dark Matter Search) has made some good discoveries recently, they released this paper at the APS conference just a couple weeks ago in Denver:

    summary in Nature

  7. DeDude says:

    Krugman gives us the short curse in economics for 5′th graders.

  8. romerjt says:

    RE Big Data – Read the article, it’s a great summary of the book which was longer than it needed to be. The correlation vs causation point is one I’m still thinking about . . according to the authors, Big Data will produce thousands of interesting, useful and dangerous correlations that will make finding causation seems unnecessary or less necessary. BUT, causation is the bedrock of science, and it would not be a good thing to settle for just the correlations. Maybe this isn’t a real threat but it seemed an interesting point.

    An entertaining read about big data is “Trading Bases” where a former stock trades for Lehman Bros. creates his own version of Sabermetrics (the application of big data to baseball, Michael Lewis and Moneyball), you know the one that created the 100 pitches for starting pitchers rule. Using the data, he creates a mini-hedge fund for his friends and bets on baseball using investment strategies (against Las Vegas) for a year. Very cool stuff. He wins

  9. romerjt says:

    I had no idea . . . understood the value of data from Deming, always been a baseball fan, loved Moneyball but how data analysis has been applied to the sport is amazing. For instance, each player has a numerical rating W.A.R. “wins against (a) replacement” player. – check it out