My morning reads:

• Family Offices Chasing Wealthy’s $46 Trillion in Assets (Bloomberg)
• This fund tracks 36 bubbles—and 33 have completely popped (Quartz)
• Turning water into gold (BBC)
• Big banks warming to small businesses (Washington Post)
• Credit-Crisis Oracle Rajan to Head India’s Central Bank: Rajan’s prescient 2005 warning of financial crisis was described as “Luddite” by former Treasury Secretary Larry Summers (Bloomberg)
• Dethroning King Coal (Project-Syndicate) see also Is Anything Stopping a Truly Massive Build-Out of Desert Solar Power? (Scientific American)
• Gasparino: A record of failure The Keystone Kop of Wall St. Is Wall St getting nervous about Spitzer’s prospects? (NY Post)
• While We’re Trying To Follow His Game Of Checkers, Jeff Bezos Is Playing Chess (Tech Crunch) see also Bezos Paid a ‘Friendship Premium’ for the Washington Post (Bloomberg)
• The rich really are different: Their bodies contain unique chemical pollutants (Quartz)
• Your Dog Will Not Like DogTV  (Slate)

What are you reading?


Home-ownership rates are at their lowest since 1995
Source: Economist

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.

14 Responses to “10 Midweek AM Reads”

  1. VennData says:

    Wouldn’t it be great if BR got control of one of these great US dailies?

    I know JB is going to have to pour $50M a year into it just to tread water, but that aside.

  2. denim says:

    Re your link to “Is Anything Stopping a Truly Massive Build-Out of Desert Solar Power? (Scientific American).”
    Why is it so hard to understand that transmission of electricity can be via batteries hauled by ship, rail, and truck? Discharged, then returned for recharging over and over. The shipping of charged batteries to Europe has already been publicly proposed for Iceland’s geothermal electricity. It does not take a genus system engineer to figure this works for solar and windmill electricity. Tesla and GE already make suitable batteries.
    Windturbine energy storage batteries by GE:

    • denim says:

      In addition, the worry of cleaning the panels and wasting water is another no brainer. Every use a rug doctor? It sprays and vacuums the water back into a holding tank. Very little water is used and the solar panel won’t hold water like a rug. Recycling the water in the holding tank is just filtration.

      And more. “At Ivanpah, on-site wells supply the plant with water, but that solution won’t always be feasible. “I can’t think of any technical way around that unless a dry cooling technology that’s effective and affordable is developed,” Darling says. “No one has really come up with a way to do that.”” Automobiles have solved that cooling problem for decades. It is called a water and antifreeze filled radiator and a fan. No water loss.

  3. GeorgeBurnsWasRight says:

    I’d assume that at some point, home ownership, like percentage of Americans working, will decline based on demographic trends.

    But at the moment I’d guess the decline is based more upon the inability of many young people to find decent-paying jobs combined with their student debts.

  4. rd says:

    Here is a fascinating little analysis on one of the reasons why the labor participation rate is dropping:

    Apparently much of the difference can be explained by young women attending college instead of going out into the labor force immediately after high school. This pairs up nicely with the observation that women attendance at colleges and universities has risen sharply over the past couple of decades.

    Maybe the world is not coming to an end after all.

  5. willid3 says:

    even after the recovery, people some times dont go back to their previous ways
    is the airline business representative of the US now? seem so, they have spent big on first and business class, why shrinking coach

  6. hue says:

    Seeing Narcissists Everywhere (NYTimes) Mirror mirror on the wall …

    As Twitter Expands Reach Abuse Policy Get Added Scrutiny (npr)

  7. swag says:

    New song from Merle Hazard – “The Great Unwind”

  8. S Brennan says:

    “We don’t have a domestic spying program…we do have is some mechanisms that can track a phone number or an email address that is connected to a terrorist attack”

    In the not too distant past, the communist leaning left made a conscious decision to ignore Stalin’s atrocities in the 1930′s…long after the evidence became overwhelming..and this led to their marginalization as a political force for progressive change. The continued support of Obama, long after a plethora of criminal activities have become well known through whistleblowers who have faced a Stasi-like response, will marginalize Obama’s strident supporters similarly. Oddly, many of those supporters come from groups that have been the most abused by Obama’s supine fluffing of corrupt financial entities engaged in ongoing crimes.

    Obama’s payout will far in excess of 30 pieces of silver, but his non-elite supporters will face years of marginalization heaped upon their economic ruined economic fortunes.

    • willid3 says:

      not sure it would matter. does any one really believe that once Pandora’s box of spying was opened that any president was really going to not do it? of course not, if they didnt do it, and we had another 911 (never mind that the clues were all there and in governments hands at the time of 911) they would be blamed (unless they could figure out how to avoid that by saying, nobody ever thought of that before. even if they had. that worked once. probably wont work again ). course we can also blame business for a) having the data and B) having claimed it was theirs. thus nullifying the 4th amendment,. because its not your data. it belongs to some one else

      • S Brennan says:

        So willid3, you realize you are saying that Obama is no different [or perhaps worse] than Bush the 2nd…and that you..and Obama’s supporters, are good with that.

        Frankly, I agree, I think Bush/Obama forms one indivisible administration…

        But pardon me for noticing…what pathetic a defense that is

      • willid3 says:

        actually i am saying it matters little who is in charge any more. if Romney had won, he would be doing the same thing. If McCain had we would have the same result. if Ron Paul had won the result would be the same. what i am saying is once the we have pushed back privacy, its done for all times. till some thing pushes us to change it. but it wont happen with the politicians we have now. nor in the future, it will take almost all voters to come to the conclusion that either we want freedom (and that requires privacy) or we want security. considering we are at ‘war’ not with a country but an idea, it will be very had to provide security and keep privacy too. course getting pricey would also require that business not be collecting the info now. and that wont happen

  9. rd says:

    Links to Quartz articles:

    At the bottom of each Quartz article is a “Share This” box that gives the specific link to the article. Simply linking to the location at the top of the browser just takes you to the general Qurtz homepage with its latest story.