My longer form, Saturday morning, weekend reads:

• How Investors Lose 89 Percent of Gains from Futures Funds (Bloomberg)
The Secrets of Bezos: How Amazon Became the Everything Store (Businessweek)
• Revisiting “Moneyball” with Paul DePodesta (Nautilus)
• All Is Fair in Love and Twitter (NYT Mag)
• Design Quality and Customer Delight as Sustainable Advantages (Daring Fireball)
• In Conversation with Supreme Court Justice Antonin Scalia (New York Magazine)
• Nest Gives the Lowly Smoke Detector a Brain — And a Voice (Wired)
• How do we gain insights (Seeking Wisdom)
• An exclusive excerpt from the book the NFL doesn’t want you to read (Sports Illustrated)
Crisis by Design: A Federal Budget Crisis Months in the Planning (NYT) see also Is U.S. Political Bubble About to Burst? (Bloomberg View)

What are you doing this weekend?


PC Shipments versus PC + Tablet Shipments
Click to enlarge
Source: ASYMCO


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.

11 Responses to “10 Weekend Reads”

  1. ancientone says:

    Concerning the NFL story: the dominant expression of American morality is sociopathic greed.

  2. RW says:

    Why “The Sky Hasn’t Fallen Yet” is a Bad Standard for Judging Policy Choices

    Even if a default is not apocalyptic, that does not mean it would be a good thing. As with sequestration and the government shutdown, the federal government worked to soften the worst blows. Thus the worst case scenarios did not happen. However, just because the worst case scenarios did not arise does not mean Americans are getting good public policy; indeed, quite the opposite. Both the shutdown and sequestration have caused hardships, which will become more pronounced the longer they last.

  3. VennData says:

    No deal.

    ​”…The White House had expressed deep reservations with Boehner’s plan for a debt ceiling increase that would have extended only to November 22 and other demands that would have required a series of negotiations to continue under the threat of default and government shutdown…”–business.html

    What a great idea Boehner​, get us right back into it.

    ​The hilarity of the Fox and WSJ editorial rooms sitting around trying to spin how Obama is a fool not to want to keep this going would be fun to watch. They should do a reality show, “Fl​y on the Wall Street Journal” It’s Obama’s fault for not wanting to keep this going! He’s not leading!!! He’s Weak!

    You hold Firm Mr. President. Lets get the GOP off the diet of screeching about our problems are caused by anyone but their desire to ruin government.

    Sober up Boehner and jettison the Tea Party now, take the hit now for the long term survival of your party.

  4. overanout says:

    concussions do happen in tackle football at the professional level my concern for players is not as high as for those under 18 years of age playing in various tackle football leagues. Our society has numerous laws protecting children but when it comes to playing tackle football nothing much happens. Probably the shoe will drop when high school players sue a school district for concussion related injuries this also will come to pass in the private under 16 leagues.

  5. Molesworth says:

    What are you doing this weekend?
    Prepping for F1 Race in Japan

    music video featuring NBCSN pit reporter Will Buxton and scenes from his adventure this week in the Japanese city of Yokkaichi on the road to the Formula One Japanese Grand Prix at Suzuka.

  6. Jojo says:

    To reiterate – technology advancement [almost?] always destroys more jobs than are created. So as job opportunities available to humans continue to decline, what will we do with the evergrowing mass of perennially unemployed/unemployable human workers???
    Gartner’s dark vision for tech, jobs
    In a world where smart machines do most of the work, expect high unemployment, unrest and tumult

    Patrick Thibodeau
    October 10, 2013 (Computerworld)

    ORLANDO — Science fiction writers have long told of great upheaval as machines replace people. Now, so is research firm Gartner. The difference is that Gartner, which provides technology advice to many of the world’s largest companies, is putting in dates and recommending immediate courses of action.

    The job impacts from innovation are arriving rapidly, according to Gartner. Unemployment, now at about 8%, will get worse. Occupy Wall Street-type protests will arrive as early as next year as machines increasingly replace middle-class workers in high cost, specialized jobs. In businesses, CIOs in particular, will face quandaries as they confront the social impact of their actions.

    Machines have been replacing people since the agricultural revolution, so what’s new here?

    In previous technological leaps, workers could train for a better job and achieve an improvement in their standard of living. But the “Digital Industrial Revolution,” as the analyst firm terms it, is attacking jobs at all levels, not just the lower rung. Smart machines, for example, can automate tasks to the point where they become self-learning systems.

  7. Jojo says:

    Businessweek Opening Remarks
    By Peter Coy October 03, 2013
    What’s Holding American Students Back? The SAT

    University of Wyoming President Robert Sternberg was stupid in elementary school. IQ tests said so. Knowing his scores, his teachers in the 1950s expected him to perform badly, and he agreeably lived down to their expectations. In fourth grade a teacher named Virginia Alexa saw something special in him and conveyed her high expectations. Almost overnight he became an A student. He went on to earn a bachelor’s degree from Yale University and a doctorate in psychology from Stanford, and later served as president of the American Psychological Association. Not so stupid after all. “My entire future trajectory changed as a result of just one teacher,” Sternberg writes in a 2010 book, College Admissions for the 21st Century.

    He worries about “stupid” students who don’t have a Virginia Alexa looking out for them. It’s not only IQ tests that defeat students, he says. It’s also the SAT and ACT, the college-admissions tests that he says are–contrary to their developers’ assertions–”basically IQ tests in disguise.” Sternberg says he thinks college applicants should also be asked to demonstrate their creativity, practical intelligence, and even wisdom, qualities which are in shorter supply than cleverness. “If you look at why this country is so screwed up,” he says, “it’s not because the people running it have low SATs.”

    The U.S. rode to economic supremacy with the world’s highest share of young college grads, but now its percentage of graduates at the typical age of graduation is behind those of Australia, Denmark, Finland, Iceland, Ireland, Japan, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Sweden, and the U.K., the Organisation for Economic Co-operation and Development says.

    • bonzo says:

      That the current edumacation complex makes all but the upper-class scions of the rich stupid and lacking in self-confidence is a FEATURE, not a bug. Ours is a zero-sum society, such that one person’s FAILURE is the foundation for another person’s SUCCESS. Tests and credentials are needed to stratify society into losers at the bottom and winners at the top. Today’s winners get to write the tests and credentialing rules that will determine tomorrow’s winners, and thus they are able to perpetuate themselves. It is in the interests of the winners to keep the losers stupid and lacking in self-confidence so they cannot start a revolution. Nothing will change until society faces a serious crisis (major war or major natural disaster), such that we can no longer afford the current system.

  8. 873450 says:

    Grover Norquist resumes GOP leadership replacing Ted Cruz.

    Stuck on Usual Quarrel: Raising New Revenue

    “even if the current talks soon resolve the immediate impasse, which did not look likely on Saturday, any renewal of negotiations for a long-term fiscal plan will run into the same underlying problem that has doomed efforts for the past three years.

    Republicans refuse to raise additional tax revenue, and until they do, Mr. Obama will not support even his own tentative proposals for reducing spending on fast-growing social benefit programs, chiefly Medicare. During a White House meeting with Senate Republicans on Friday, he reiterated that the two go hand in hand, according to people who were there.”

  9. VennData says:

    Hey “Conservative” anti-government type, you want less regulation? less rules? less “nonsense” out of Washington

    Get rid of the debt ceiling law, they always end up raising it anyway.