My Wednesday afternoon train reading:

• Labour markets: On “bullshit jobs”  (Economist)
• Housing market gets more buyer friendly (USA Todaysee also Recovering economy needs investors prepared to take a property risk (Telegraph)
•  Is the shale forecast curve hyperbolic, or exponential? (FT Alphaville)
• Two proposals for dealing with the robot revolution (the next wave of automation) (Fabius Maximus) see also Robotic-Task Economics  (Economix)
• Carl Richards on The Beauty of Limits (NYT)
• Conspiracy to commit journalism (Press Think) see also David Miranda, schedule 7 and the danger that all reporters now face (theguardian)
• Disruptive: The most pernicious cliché of our time  (TNR)
• iTunes Radio to Debut in September With McDonald’s, Nissan, P&G, Pepsi   (Ad Age)
• Capturing magical moments inside the tube (Waves of Hawaii)
• Speaking to… Ed Yong (Speaking of Science)

What are you reading?


Post financial crisis international stock market indices retracements
Source: Chart of the Day

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 Mid-Week PM Reads”

  1. swag says:

    This kind of think is why I’m a proud member of the Freedom from Religion Foundation:

  2. Drip, drip, drip . . .

    NSA gathered thousands of Americans’ e-mails before court struck down program (WAPO)

    “The National Security Agency unlawfully gathered as many as tens of thousands of e-mails and other electronic communications between Americans as part of a now-discontinued collection program, according to a 2011 secret court opinion. . . . In the opinion, Bates also expressed deep frustration with the government, saying that it had ‘disclosed a substantial misrepresentation regarding the scope of a major collection program” three times in less than three years.’”

  3. leeward says:

    I guess if you handle 70mm comments/yr then this is really a big deal

  4. The story above, “NSA gathered thousands of American’s e-mails . . . ,” should have this link:

  5. rd says:

    I believe that the “bullshit jobs” issue was previously solved mathematically over 50 years ago by C.N. Parkinson in The Economist using the equation:

    “Work expands so as to fill the time available for its completion”

  6. rd says:

    Regarding the shale gas plays, it is also potential that the forecast curve is being calculated using a hyperbole function instead of hyperbolic or exponential. This has been known to be the dominant equation periodically in the natural resource sector.

  7. VennData says:

    Texas Ted Cruz better pay back the Canadian Health Care system for his delivery or he will be forever tainted with the filth of Original State Health Care.

  8. jball says:

    As a surfer for 50+ yrs, I have to say that the tube photos, while beautiful, are sort of old hat. a photog named Darrell Jones was famous for equally stunning wave photos a couple decades ago…Having said that, I think it’s great that these pics are exposed (no pun intended) to an audience as widespread as yours.
    And for great photography and some real ocean insight, check out “The Surfer’s Journal” Worthwhile reading!

    • You have the right idea — I like bringing things to people they haven’t seen.

      You & I live on the coast, spend lots of time by the Ocean — we are in the small % of folks who are familiar with these. Most readers arent

  9. rd says:

    A very interesting article by Robert Powell here on the current state of retirement income and its reliance on Social Security (with lots of links back to source documents):

    Other than the headline about how important Social Security is to most retired folks, two things jumped out of the article to me:

    1. It is clear that the post-war years lead to a pension bubble where recipients went from 18% of the population in 1962 to almost 50% today. I expect that we will see this figure dropping back towards 20% in coming decades since so many corporations and even government entities have been dropping their pension plans over the past 20 years.

    2. Assets (savings, 401ks, IRAs, etc.) currently only provide 11% of total retirement income. The various recent articles about the poor state of retirement savings today for unretired people indicates that asset accumulation is still pretty low for much of the population while the ability to get a decent pension has also been declining.

    All in all, if the Koch Brothers and many in the GOP get their wish of gutting Social Security and Medicare, it looks like 70% or so of the population will end up with very miserable retirements, if they can retire at all. I think this will be the defining discussion of the next decade in Washington.