My longer form weekend reading:

• Beating the Market has Become Nearly Impossible (Institutional Investor)
• Why the “Maximizing Shareholder Value” Theory of Corporate Governance is Bogus  (Naked Capitalism)
• A Game of Shark and Minnow (NYT)
• Google’s iron grip on Android: Controlling open source by any means necessary (Ars Technica)
• 10 Weird Ways Your Brain Is Tricking You (Listverse)
Arrested Development: Mitch Hurwitz on the Creative Process, Casting Jason Bateman, and Loose Seals (Vulture)
• The bright side of sadness (Science News) see also Why regret is essential to the good life (Aeon)
• The Kevin Bacon Game for Sports: Connect Any Two Athletes That Played in the NBA, NFL, or MLB (Slate)
• The ocean is broken (The Herald)
• Jellyfish are taking over the seas, and it might be too late to stop them (QZ) see also These Robots Hunt Jellyfish–And Then Liquify Them With Rotating Blades Of Death (Fast Co)

What’s up for the weekend?


Abenomics projected stimulus
JPM Japan
Source: SocGen via ZH

Category: Financial Press

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12 Responses to “10 Weekend Reads”

  1. RW says:

    Justin Fox is on the short list of economic writers genuinely worth reading.

    What We’ve Learned from the Financial Crisis

    I’ve been following academic economics and finance as a journalist since the mid-1990s, and I’ve researched academic debates going back much further than that. To me, three shifts in thinking stand out: (1) Macroeconomists are realizing that it was a mistake to pay so little attention to finance. (2) Financial economists are beginning to wrestle with some of the broader consequences of what they’ve learned over the years about market misbehavior. (3) Economists’ extremely influential grip on a key component of the economic world — the corporation — may be loosening.

  2. romerjt says:

    The articles on the oceans are really disturbing. In a related matter I’ve discovered data fro our state that is even more note worthy than the numbers from Albany near where is live.

    The average annual temperature for NOAA Dist. 4 – Long Island – from 1895 to 2012 is 52.3 degrees.

    1998 was the first year the average reached 55 degrees. But in the 15 years since then it’s been 55 or more 7 times including the last 3 years in a row. Since 1998 only 1 year has been below average an only slightly at one tenth of a degree.

    It’s worth noting that the AAT for Long Island is fairly constant, only 5 times in 118 years was it less than 50 degrees and the last time was in 1940. With that in mind its interesting to note that the AAT from 1895 to 1997 was 52. 0 degrees, since then 54.3 degrees. The average for the last 15 years is over 2 degrees higher than for the first 103 years. That’s a lot.

  3. hue says:

    Cocked, Locked, Ready to Rock (The Solid Verbal)

    Norman Ornstein Diagnoses America’s Political Dysfunction (YouTube)

  4. Jojo says:

    Economic Indicators | Jobs and Unemployment
    Missing Workers: The Missing Part of the Unemployment Story
    Press release
    Updated October 22, 2013.

    In a complex economy, conventional measures sometimes fall short.

    In today’s labor market, the unemployment rate drastically understates the weakness of job opportunities. This is due to the existence of a large pool of “missing workers”–potential workers who, because of weak job opportunities, are neither employed nor actively seeking a job. In other words, these are people who would be either working or looking for work if job opportunities were significantly stronger. Because jobless workers are only counted as unemployed if they are actively seeking work, these “missing workers” are not reflected in the unemployment rate.

    As part of its ongoing effort to create the metrics needed to assess how well the economy is working for America’s broad middle class, EPI is introducing its “missing worker” estimates, which will be updated on this page on the first Friday of every month immediately after the Bureau of Labor Statistics releases its jobs numbers. The “missing worker” estimates provide policymakers with a key gauge of the health of the labor market.

    Current “missing worker” estimates at a glance
    Updated October 22, 2013, based on most current data available

    * Total missing workers, September 2013: 5,190,000
    * Unemployment rate if missing workers were looking for work: 10.2%
    * Official unemployment rate: 7.2%

    * Chart: Total number of missing workers
    * Chart: Unemployment rate if missing workers were looking for work
    * Chart: Missing workers by age and gender
    * Methodology

  5. Jojo says:

    Robots, robots and more robots! :)
    Video Friday: Robokind on Kickstarter, Atlas Breaks an Ankle, and FirstLook Gets Armed
    By Evan Ackerman
    Posted 25 Oct 2013

  6. Jojo says:

    Even more robots. No activity/industry is safe. Be very afraid hu-mans. Your future is limited….
    In Focus
    Robots at Work and Play
    Oct 21, 2013

    Advancements in robotics are continually taking place in the fields of space exploration, health care, public safety, entertainment, defense, and more. These machines — some fully autonomous, some requiring human input — extend our grasp, enhance our capabilities, and travel as our surrogates to places too dangerous or difficult for us to go. Gathered here are recent images of robotic technology at the beginning of the 21st century, including robotic insurgents, NASA’s Juno spacecraft on its way to Jupiter, and a machine inside an archaeological dig in Mexico. [32 photos]

  7. Theravadin says:

    That Herald article on the state of the ocean is about as scary as it gets.

  8. from the Herald article..

    “…”I asked them why don’t we push for a fleet to go and clean up the mess,” he said.

    “But they said they’d calculated that the environmental damage from burning the fuel to do that job would be worse than just leaving the debris there.”…”

    that ‘Response’, not to doubt the veracity of the Author, is B*******.

    presumably, from “US academics”, McFadyen does no one (but, himself?) any Favors by leaving them un-named.

    though, here: “…a big fishing boat working a reef in the distance.

    “All day it was there, trawling back and forth. It was a big ship, like a mother-ship,” he said…”

    He hits on the Big Problem. ‘Factory Trawlers’ have, too, long been deep sweeping the ‘Take’-rates, far, above what, even, the Ocean can Produce.

    The next time the DoD-Budget comes up, you shouldn’t listen to those that want to ‘trim’ the USN’s “Blue-Water” Fleets..

    those, said, “US academics” should wake up…their Static Equations are Incorrect.

    We could, readily, fuel the USN’s boats with ‘other than’ “Bunker Fuel” (and, no, not ‘Nukes’), and ‘clean up’ the Land, while cleaning up the Seas..

    the USN could protect the Fisheries, and the USAID could implement Programs to construct:

    “Protein” is Power, no need to go to War over it, nor, continue to, Strip-Mine the Oceans.