My morning reads:

• Do you need a financial adviser? Maybe, and maybe not (USA Today) see also Investment Advice for Gen Y (Above the Market)
• What Company Earnings Are Telling Us About the Global Economy (Moneybeat)
• Emerging economies: Why so gloomy? (The Interpreter)
• Hedge Funds Raise Gold Bets as Goldman Sees Decline (Bloomberg)
• The Most Hated Bull Market Ever (Investing Caffeine)
• What Obama wants from his next Fed chair (Wonkblog)
• The ‘Knowledge Economy’ Will Soon Count As Investment — Making US Economy Look Better (Business Insider)
• Apple’s biggest acquisition (Asymco)
• Golden Age of Paid Content (Medium.com)
• The Best Film Woody Allen’s Ever Made (New Republic)

What are you reading?

 

Earnings Beat Rate by Sector This Season
Chart
Source: Bespoke

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 Monday AM Reads”

  1. Bob is still unemployed   says:

    I was visiting the Russian news website to see what was being written about the main US-Russian news story when I came across this coffee guide. Finally, I know the difference between a Cafe Macchiato and a Latte Macchiato.

  2. Conan says:

    Why Are Some People So Smart?
    http://www.wired.com/wiredscience/2013/07/genetics-of-iq

    Since most of the variation in IQ is heritable, scientists have long searched for genetic differences that might account for it. The reason we haven’t found them, Hsu theorizes, is because there aren’t any single genes or even a handful of genes with a big effect on IQ. Instead, the thinking goes, there are as many as 10,000 different locations in the genome where a mutation can affect IQ. According to Hsu’s rough model, all humans carry a few hundred of those 10,000 possible mutations, and each mutation has a tiny negative cost to IQ, on the order of half an IQ point.

    If this is right, then the difference between a brilliant 150-IQ person and an average 100-IQ person comes down to DNA typos at perhaps 100 of those 10,000 places. Other traits—like height, for example—seem to work the same way, and an ongoing study into the genetics of height has begun to find relevant mutations. Most geneticists who have studied intelligence agree with this theory in broad strokes.

  3. Conan says:

    What Happened to Economic Mobility in America?
    http://www.theatlantic.com/business/archive/2013/07/what-happened-to-economic-mobility-in-america/278142/

    Recent studies have found that economic mobility is stagnating in the United States. Where one grows up and who one’s parents are increasingly determine a child’s economic future. And a smaller percentage of Americans escape poverty than their peers in other wealthy nations, including Canada, Germany, Japan, France and Australia.

    On Wednesday, President Obama again vowed to change all that. In the first of what administration officials say will be a series of speeches about the middle class, Obama repeated a laundry list of economic proposals that are stalled in Congress. House Republicans, meanwhile, vowed to do everything in their power to block Obama and slash government spending.

    Americans, understandably, are tuning out the noise. Washington’s deadlock is likely to continue. Yet the problem is real and global.

    • VennData says:

      Intellectual stratification’s a bitch.

      We started it, now everyone’s catching up, that’s all you’re seeing in the numbers.

  4. VennData says:

    Pope Francis: Who am I to judge gay people?

    http://www.bbc.co.uk/news/world-europe-23489702

    If you’re an anti-abortion crusader, make your reservations for the next Pride Parade now. You’re on board. An so it is written.

  5. WallaWalla says:

    Outrage as Homeowners Prepare for Substantially Higher Flood Insurance Rates
    http://www.nytimes.com/2013/07/29/nyregion/overhaul-and-a-hurricane-have-flood-insurance-rates-set-for-huge-increases.html?

    Should people be receiving subsidies for building or owning property in high risk flood zones? The outrage expressed by property owners stems from a couple issues.

    First, non-primary residential, commercial and industrial properties will have to pay the true insurance rate. This effectively ends subsidies for the bourgeois.

    Second, the flood plain maps used to determine whether a property is at a high, moderate, or low risk of flood damage have been redrawn utilizing new mapping techniques and updated hydraulic data. This generally means more people will be required to purchase flood insurance, and it will be more difficult for real estate developers to build on prime waterfront property.

    We’re stuck in a dilemma: historical development patterns placed urban centers in floodplains, climate change is increasing the frequency of flood events, and continued development in flood plains have increased the costs of potential damages. These factors exacerbate the risks posed by flooding. There’s a very good reason for-profit insurance companies do not cover flood damage in standard homeowner policies.

    This leads to an interesting question. Should the federal government be subsidizing insurance rates for those who live in high risk areas? In my opinion this will be a pivotal social issue of the next generation. As climate change really begins to kick into effect, how can we maintain productivity while minimizing societal costs?

  6. MikeNY says:

    High praise from David Thomson, and I can’t wait to see “Blue Jasmine”, which is blowing away all the critics, it seems. But no mention of “Hannah and Her Sisters”? To me, in the top 10 films I’ve ever seen…