Some longer form reading for your weekend pleasure:

• Wikipedia founder Jimmy Wales Is Not an Internet Billionaire (NYT)
• Enlightenment Engineer (Wired)
• How Woody Allen Sees It (WSJ)
• How low can gold go? (FT Alphaville) see also Don’t Cry For The Gold Bugs: When Gold’s A Good Investment, The Economy Sags (Forbes)
• Hey, MSM: All Journalism is Advocacy Journalism (Taibblog)
• Does life have a purpose? (aeon) see also I Think I Am, I Think I Am: Why Descartes still matters (Slate)
• Did NSA Take a Page From Domesday Book on Data Hoarding? (Echoes) see also The case for a secrecy beat (Columbia Journalism Review)
• What is Science and Why Should We Care? (Logos)
• New York’s Benjamin Lawsky Collects Scalps, Showing Regulators Can *Gasp* Regulate (naked capitalism)
• Futuo! How the Romans Swore (Atlantic)

Whats are you doing this weekend?

 

Wall St boom, Main St bust
Chart
Source: FT Alphaville

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.

9 Responses to “10 Weekend Reads”

  1. chartist says:

    I see gold and silver offering a better return than stocks over the next several months. The monthly MACD for the SPX is still rolling over from a very high level. While a nominal new SPX high is possible, it would yield a MACD divergence so it won’t hold up, imo…..I do like Ford and believe it can trade to $18 this summer before succumbing to gravitational market forces in Q3….But I believe ford can double in 18 to 24 months.

  2. DeDude says:

    Interesting combination of links with Tiabbi’s claim that all journalism is advocacy as well as a link to the arguments for a scientific world view.

    It may just be semantics – and I agree that journalism as currently practiced has a lot of advocacy in it (including Tiabbi’s, which I will admit I often enjoy because it advocacy from “the other side” helps balance the information I can extract from the MSM). However, real high quality journalism is like real high quality science; it never gets a narrative in front of facts and always lay out all relevant facts in a fair and unbiased way. Both science and journalism suffers internal as well as external pressure to move away from this ideal, but that does not mean that we should discard it or make excuses for people moving away from it.

  3. hue says:

    Nick Saban’s $11M Lakefront Property Headed to No-Reserve Auction (JustLux)

    The Price of Loyalty For Alawites in Syria (NYTimes Mag)

  4. VennData says:

    The summer of middle-class rage

    http://www.washingtonpost.com/world/europe/middle-class-rage-sparks-protest-movements-in-turkey-brazil-bulgaria-and-beyond/2013/06/28/9fb91df0-df61-11e2-8cf3-35c1113cfcc5_print.html

    While here in the US the Middle Class has been outraged at Obama’s stimulus (tax cuts on their Social Security payments) outraged over to high corporate tax rates and too high tax rates on the middle class and carried interest.

    What does the US Middle Class not get about the fact they are Middle Class?

  5. Jojo says:

    From the looking to the future file. Some of the comments are pretty funny also…
    ==========
    PayPal to launch inter-planetary payment system
    By Julianne Pepitone
    June 27, 2013

    NEW YORK (CNNMoney)
    PayPal said Thursday it will launch inter-planetary payments — yes, a system for buying things in space.

    It sounds like a PR stunt, but PayPal is dead serious about getting into the burgeoning field of space tourism. With companies like Virgin Galactic and Space X bringing the go-to-Mars dream much closer to reality, PayPal said its goal is simply to start thinking about the complicated issues concerning space commerce.

    “We don’t have all the answers right now, but it’s clear we won’t be using cash when we’re in space,” PayPal president David Marcus told CNNMoney. “We feel it’s time now — not next year, not when [space tourism] starts to happen — to start figuring out what this looks like.”

    ….

    http://money.cnn.com/2013/06/27/technology/enterprise/paypal-galactic/index.html

  6. VennData says:

    CEO pay and perks going up and up.

    http://www.nytimes.com/interactive/2013/06/30/business/executive-compensation-200-slices-of-wealth.html

    The guys that want stock-based comp are complaining that it’s all Fed-induced stock gains. ROFL!

  7. VennData says:

    Rupert Murdock’s WSJ: At Midyear, Market Is More Jittery, Less Optimistic

    http://online.wsj.com/article/SB10001424127887323873904578573392683973574.html

    …​it’s tired, awful, too volatile and downright hard to predict. These are just some of the things some people say​ about this terrible market…

    …even though it was the best performing first half for decades.

    You go on believing Rupert Murdock. He’s got your best interests at heart.