Good Saturday morning. We once again have (unusually) glorious weather here in the NorthEast, so don’t expect me to be any where near a computer all day. No worries, though — here is my list of the longer form reading I have collected this week to keep you occupied:

• The Man Who Escaped Microsoft and Took a Whole Company With Him (Wired)
• Science of Storytelling: Why Narratives Are the Most Powerful Way to Activate Our Brains (Lifehacker)
Malcolm Gladwell: The Gift of Doubt (New Yorker)
• China’s Great Uprooting: Moving 250 Million Into Cities (NYT)
• Why The Pie Chart is the Worst Chart In The World (Business Insider)
• A Foolproof Approach to Policy For Both Fiscalists + Monetarists (Macro & Other Market Musings)
• What Paintbrush Makers Know About How to Beat China (NYT) see also Portrait of the Artist as a Caveman (New Atlantis)
• Silent War (Vanity Fair) see also The Secret War (Wired)
• The Problem With Psychiatry, the ‘DSM,’ and the Way We Study Mental Illness (Pacific Standard)
• The Rise of the Tick (Outside)

Where are you sailing to today?

 

7 charts that tell the Fed not to taper QE3  
MW-BE258_payrol_20130618122551_MG
Source: Marketwatch

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.

12 Responses to “10 Weekend Reads”

  1. JC in Va says:

    BR—

    You may enjoy the blog on perceptualedge.com based on posting that article on Pie Charts.

  2. DeDude says:

    A pathetic attempt to argue that “1%’ers like me deserve it, because we are so much more productive”

    http://scholar.harvard.edu/files/mankiw/files/defending_the_one_percent_0.pdf

    Yes certainly the amount of effort it takes to wreck the economy makes the bankster bonuses more than earned. Hey we should probably also tax their income at a lower rate – oh good we already do that.

  3. Mike in Nola says:

    Re: housing

    Just got back from a week in Maine. Hit it just the right time. Only one shower, highs in the 70′s. While we were in Bar Harbor we both noticed lots of houses for sale. Ascribed it to the natural tendency to fall in love with a place (Bar Harbor is easy to fall in love with) and want a vacation home there. You later realize the problems of a house in a place that is only useable 4 months per year.

    OTOH, while in Kennebunkport overnight we also saw lots of houses for sale. It seemed to be an even bigger percentage than in Bar Harbor. There was one enormous estate covering a few acres close in to town with buildings looking pretty new for sale. Figured it belonged to one of BR’s acquaintances :)

    Considering that there were so many for sale up there, I was wondering if we are seeing the phase predicted by some that if housing prices did go up we would see a flood of houses for sale where the owners couldn’t afford to sell before because they were underwater.

  4. VennData says:

    “…For two decades, models have been competing with engineers for the 65,000 visas the U.S. allots for skilled workers…”

    http://www.businessweek.com/articles/2013-05-23/fashion-models-vie-with-engineers-for-skilled-worker-visas

    It’s a good thing the GOP wants to keep this system in place and stop immigration reform. The rest of the world just laughs at you GOP voters slowing down America.

  5. VennData says:

    Prospects for Immigration Deal Blur

    “…The House, meanwhile, provided fresh evidence this past week of how easy it will be for the GOP’s most conservative wing to shrug off even commanding support for any legislation emerging from the Senate…”

    http://online.wsj.com/article/SB10001424127887323300004578559892955121704.html

    You go GOP! You Republicans are the problem.

    PS Maybe newatlantis.com can do a story about why a minority of right wingers stopping everything is so good for America by some goof from some bible college.

  6. VennData says:

    We are in thrall to the snakehandlers.

  7. Jojo says:

    Lawyers eye NSA data as treasure trove for evidence in murder, divorce cases
    By Bob Sullivan, Columnist, NBC News

    The National Security Agency has spent years demanding that companies turn over their data. Now, the spy agency finds the shoe is on the other foot. A defendant in a Florida murder trial says telephone records collected by the NSA as part of its surveillance programs hold evidence that would help prove his innocence, and his lawyer has demanded that prosecutors produce those records. On Wednesday, the federal government filed a motion saying it would refuse, citing national security. But experts say the novel legal argument could encourage other lawyers to fight for access to the newly disclosed NSA surveillance database.

    “What’s good for the goose is good for the gander, I guess,” said George Washington University privacy law expert Dan Solove. “In a way, it’s kind of ironic.”

    http://redtape.nbcnews.com/_news/2013/06/20/19061109-lawyers-eye-nsa-data-as-treasure-trove-for-evidence-in-murder-divorce-cases

  8. Jojo says:

    In Ancient Ice, Clues That Scientists Are Underestimating Future Sea Levels
    The cold, hard facts

    By John Mahoney Posted 06.10.2013

    The skies do strange things at the NEEM camp, a remote ice-drilling and research facility on the northern Greenland ice sheet. Midnight sunshine. Low clouds of sparkling ice crystals known as “diamond dust.” But when rain fell instead of snow last summer, complete with a rainbow arcing over the camp, the NEEM scientists couldn’t believe it. “I’ve been all over that ice sheet, and to have it rain that far north–that’s a shock,” says James White, a paleoclimatologist at the University of Colorado who led the American team working alongside those from 13 other countries at NEEM.

    It’s fitting that part of the NEEM study’s fieldwork, which retrieved a two-and-a-half-kilometer shaft of ice, took place during one of the hottest Greenland summers on record. What that ice core has revealed about a warm period 130,000 years ago could be one of the most critical new tools for predicting how our planet will respond to a warmer future.

    http://www.popsci.com/science/article/2013-05/cold-hard-facts

  9. willid3 says:

    corporate profits as a percentage of GDP

    http://pragcap.com/the-most-important-charts

  10. Joe Friday says:

    Wealthy more likely to lie, cheat, flout the law, and take candy from children. More insightful tales from the land of rising inequality:

    Exploring the Psychology of Wealth, ‘Pernicious’ Effects of Economic Inequality