My Sunday morning reads:

• The Global Quest to Save Retirement (Bloomberg) but see Retirees Are Optimistic (or Delusional) About Leaving Inheritances (Bloomberg)
• New Indicator Suggests the Market Is Getting Riskier (Marketwatch)
• Ben Bernanke Continues To Crush It As Most Hedge Funds Underperform: Complete Hedge Fund Performance Update  (Zero Hedge)
• Drivers of financial boom and bust may be all in the mind, study finds (EurekAlert) see also “New Shit Has Come to Light”: Information Seeking Behavior in The Big Lebowski (Wiley Online Library)
• With a Tweet, Twitter Starts a Debate About IPOs (NYT)
• The only uncertainty is why some cannot see facts. (Antonio Fatas on the Global Economy)
• Four Lost Decades: Why American Politics is All Messed Up (Rational Irrationality)
• The Market Failure of First Dates (Priceonomics)
• The $550 iPhone 5C Makes Perfect Sense (stratēchery) see also Retail Therapy: Inside the Apple Store (McSweeney’s)
• 21 Ways Supermarkets Control Your Mind (BuzzFeed)

What’s for brunch?

 

Annual Mass Shooting Casualties
Chart
Source: I Love Charts

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 Sunday Reads”

  1. [...] illustration above came via The Big Picture and can be originally found [...]

  2. denim says:

    The quote by Calvin Coolidge on the supremacy of persistence over talent, genius, and education brought smiles to me. Coolidge reminds me of Sisyphus. He was damned to roll the heavy boulder up to the top of the hill only to have it roll back down to the bottom again. That kind of persistence seemed particularly held by his fellow Republicans and now held by modern day conservatives in either party.

  3. rd says:

    The overally violent crime rates and homicide rates have been plunging nationwide for two decades:

    http://en.wikipedia.org/wiki/File:Violent_crime_rates_by_gender_1973-2003.jpg

    http://en.wikipedia.org/wiki/File:Homicide_victimization_by_race.jpg

    Incarceration rates have been sky-rocketing though (unless you work in the financial sector)
    http://en.wikipedia.org/wiki/File:U.S._incarceration_rates_1925_onwards.png

    We are creating an entire unemployable class of people during a period of dropping violent crime.

  4. RW says:

    Calling For A Data-Driven Approach To Gun Violence

    To study the “epidemiology” of gun-related murders, we designed a new scientific approach in a study recently published in PLOS one. We explore the effect of different gun policies virtually in the computer, and predict what types of policies minimize deaths.

    Because funding from the government was previously unavailable for research into gun violence, only limited amounts of data exist that can be fed into our computations. With the available data, however, we found that gun-induced murders would be minimized if private possession of firearms was banned, much like blanket bans in Britain and Australia. If such a ban is not feasible, as likely is the case here in the U.S., the computations suggest that a partial reduction in gun availability might decrease the number of firearm-induced murders, although this needs to be confirmed by future work.

    NB: Government funding for research was absent because of extensive lobbying against such funding by gun manufacturers and their proxies; e.g., the NRA.

  5. rd says:

    The interesting thing about the household income stagnation in “Four Lost Decades” is the starting point of 1973 for when household income began to stagnate. This also happens to coincide with the rise in the labor force participation rate from 60% to its peak of 67% a few years ago and the rise in single parent households:

    http://data.bls.gov/timeseries/LNS11300000
    http://singleparents.about.com/od/support/a/US-Census-Single-Parent-Statistics.htm

    Single parent households also tend to have higher poverty rates: http://www.theatlantic.com/sexes/archive/2012/11/why-are-so-many-single-parent-families-in-poverty/265078/

    We seem to have a nasty feedback loop of stagnating income leading to family stresses which leads to single-parent households that ;eads to more stagnating income and poverty. Ranting about test results in schools and cutting off food stamps probably won’t solve this problem.

  6. Jojo says:

    Tuesday, September 17, 2013
    An Interactive Map of Rising Sea Levels

    The October issue of National Geographic includes a feature about glacial meltdown. An interactive map of rising sea levels complements the feature. The shows viewers what the coastlines of every continent would like if sea levels were to rise 216 feet. The map has an option to display major cities as reference points for viewers.

    http://www.freetech4teachers.com/2013/09/an-interactive-map-of-rising-sea-levels.html

  7. Jojo says:

    The Best Android Phone, Fall 2013
    September 22, 2013
    Nathan Edwards

    We think the Moto X is the best all-around Android phone for most people. It’s not too big or too small and its software is close to Google’s reference operating system. Plus the additions Motorola did throw in are actually useful.

    http://thewirecutter.com/reviews/the-best-android-phone-fall-2013/

  8. S Brennan says:

    Are you an Al Qaeda terrorist, tiring off the daily grind of being a US minion stuck with heavy lifting of overthrowing regimes like Gaddafi and Assad? Well…take a break, in lovely Somalia!

    http://www.france24.com/en/20120117-somalia-al-shabaab-attracts-seekers-jihadi-tourism-trail-foreign-islamists

  9. RW says:

    The Best, Brightest, and Least Productive?

    Are too many of our most talented people choosing careers in finance – and, more specifically, in trading, speculating, and other allegedly “unproductive” activities?

    Very likely and not a few were in what could not only be termed “unproductive” but negatively productive (subtractive to GDP) sectors the question then being …will that continue to be the case going forward? Therein lies the rub methinks.