Good Saturday morning. Pour yourself a cup of Joe, and enjoy these longer form, interesting reads I have accumulated over the past week:

• Using Chaos Theory to Predict and Prevent Catastrophic ‘Dragon King’ Events (Wired)
How General Motors Was Really Saved: The Untold True Story Of The Most Important Bankruptcy In U.S. History (Forbes)
Takedown: Meet Dave Ramsey, America’s Personal Finance Guru (Pacific Standard)
• Dan Loeb’s Skeletons: Did He Hit a Young Cuban Kid in a 2002 Car Accident? (Vanity Fair) see also Bill Erbey Made $2.3B Off Your Underwater Mortgage (The Street)
• Why Is America Turning To Shit? (The Awl)
• The Snowden Leaks and the Public (NY Books)
• The Nuclear Fusion Arms Race Is Underway (Vice
• Why I Quit Major League Baseball (New Yorker)
• The Secrets of Bezos: How Amazon Became the Everything Store (Business Week)
• The Decline of Wikipedia: Even As More People Than Ever Rely on It, Fewer People Create It (Technology Review)

Whats up or the weekend?

 

Analyzing State Tax Reciepts
SDI_9-13
Source: Liscio Report

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.

18 Responses to “10 Weekend Reads”

  1. Bob is still unemployed   says:

    Sometimes things are not as they appear. (youtube, about a minute and a half)

  2. ilsm says:

    Fusion Energy: for FY 2014 OMB estimates “atomic energy defense activities” will obligate ~$20,8B.

  3. atswimtwobirds says:

    Thank you for link to essay on sh*t. Best thing I’ve read in a longtime

  4. swag says:

    This Jimi Hendrix documentary airs Tuesday on PBS.

    http://www.youtube.com/watch?v=cLd67GwzJW4

    The trailer kind of sucks, but I bet the film will be good.

  5. RW says:

    Another note WRT Fama’s latest faux pas.

    Of Course Monetary Policy is an Asset Swap — But that Doesn’t Make it Any Less Useful

    Monetary theory is peculiar because it contradicts a lot of basic microeconomic intuitions. As such, you often see very smart people (Nobel prize winners included) make smart-sounding arguments that are ultimately false. So for as much as I respect the work Professor Fama has done in the field of empirical finance, I disagree with his description of QE. It’s not some neutral event, and to think so distracts from the urgent task of monetary reform.

    NB: Macroeconomics is often “peculiar” in this way generally — what is good for individuals is not necessarily good for all in the aggregate and vice versa; e.g., the paradox of thrift.

    • RW says:

      A longish, wonkish post to underscore the point that cogent macroeconomic analysis can often challenge intuition.

      A study in the dynamics of international flows… #4

      The World…. the world is awash in excess savings because of falling labor share in emerging countries, like China and India. Moreover, in comparative terms, the US is not awash in savings. …The rest of the world has a comparative advantage in national savings by grace of much lower labor share rates.

      NB: the economic definition of “savings” itself is rather counterintuitive.

  6. hue says:

    What’s Bugging the Head of the NSA? (Newsweek) “Around the CIA’s executive suites a few years ago, General Keith Alexander was known as ‘The Weasel.’ Not a weasel, The Weasel.”

    The Failure To Factcheck ‘You Can Keep It’ (Columbia Journalism Review) Bill Maher: Obama’s ‘Read My Lips, No New Taxes’ Moment? (Raw Story)

    Avocados Should Be Extinct! (Salon)

  7. lh374 says:

    Barry, there are a few EM dividend ETFs. EDIV seems to offer higher yield, more liquidity than DVYE with similar cost. Your thoughts?

    • EDIV is Large Cap, DVYE is Mid Cap

      EDIV charges 0.61% vs DVYE’s 0.49%

      EDIV holdings turns over 134% per year vs 41% for DVYE

      EDIV down -9.29% YTD vs -1.55% for DVYE

  8. Jojo says:

    Doug DeMuro
    Record Runs |10/30/13

    Meet The Guy Who Drove Across The U.S. In A Record 28 Hours 50 Minutes

    He’s a tall, lanky Southerner with a penchant for cars, and, of all things, lizards. He teaches Sunday school with his wife. Ed Bolian is the kind of guy you might meet on an airplane and forget before you picked up your bags – with one exception: he claims he’s the fastest man ever to drive across the United States.

    That’s right: Alex Roy’s familiar cross-country driving record, set in his now-famous LeMans Blue 2000 BMW M5 during the fall of 2006, no longer stands. It was allegedly broken by a three-man team consisting of Ed, a co-driver, and a passenger, in a 2004 Mercedes-Benz CL55 AMG.

    But we’ll get to all that.

    http://jalopnik.com/meet-the-guy-who-drove-across-the-u-s-in-a-record-28-h-1454092837

  9. Jojo says:

    Funny!
    ———-
    What Healthcare.gov Would Look Like if It Were Built by Facebook, Google, or Microsoft

    http://www.slate.com/articles/technology/low_concept/2013/10/how_google_facebook_or_microsoft_might_fix_the_obamacare_website.html

  10. Jojo says:

    Great idea here!
    ===========
    ‘Ghost’ road barrier tricks drivers into stopping
    Laservision’s Softstop is a projection that aims to stop drivers from ignoring stop signs by giving the illusion of a physical barrier across the road.

    While the majority of drivers obey road signs, there are some that will dangerously ignore a stop sign if they’re in a rush. Australia’s Laservision has now created the Softstop, a projected sign that gives the illusion of a physical barrier across the road.

    http://www.springwise.com/ghost-road-barrier-tricks-drivers-stopping/

  11. S Brennan says:

    Amongst all the blackness that surrounds our state of affairs and the bleakness of a stasi backed, corporate governance that beckons in our dystopian future…a tiny ray of pure sunlight pierces the caverns darkness.

    What will those who have prospered so long in the eternal shadows of hydrocarbons poisonous soot do? Will we be allowed to chisel away at the light, or will our dark masters have us seal the opening with mortar and stone to prevent their flesh from being seared by daylight?

    Thanks for the fusion article Barry, very hopeful, my day just got better with the news that an economic eruption is underfoot…now where did I put that precious ring of mine?

  12. S Brennan says:

    Oh yeah, my turn for news:

    File under: The Kids are Alright.

    Lockheed Martin believes it has the answer. “The Skunk Works has been working with Aerojet Rocketdyne for the past seven years to develop a method to integrate an off-the-shelf turbine with a scramjet to power the aircraft from standstill to Mach 6 plus”

    http://www.aviationweek.com/Article.aspx?id=%2Farticle-xml%2Fawx_11_01_2013_p0-632731.xml

  13. >atswimtwobirds .. thank you for the point-out..

    from that, this:

    “…“Soon, one city will be drinking the sewage of another.”

    This did come to pass. The reality is that Detroit and Chicago, for instance, are in essence swilling each other’s shit and garbage in shared water. The reality is also that your water gets more or less cleaned based on who you are and where you live. Chicago is famous for its lakeshore—most of it is artificial, and if you live on the north side as I do, you get to enjoy the view and the cooler temperatures for a good portion of the year. (Chicagoans are masters of denial and refuse to acknowledge that the lake is really much too cold for nearly nine months of the year, but that’s another story). But the south side of the city, populated mostly by African Americans and marked by the kind of economic devastation that’s never referenced in our pretty postcards, frequently has its shores shut down because of bacterial infestation.

    Population densities in urban areas have polluted parts of the world’s seas and lakes. Sewer systems are overwhelmed: in New York City, about 30 billion gallons of untreated sewage and storm water overflows the current system each year. The solution so far has been to treat drinking water with chemicals; a good minority of Americans receive chloramine-treated water, which is fine, unless you want to fill a fish tank. In this context, it makes sense to think about toilets differently.

    Measures like cloth napkins or diaper-less child-raising or composting toilets fail to take into account the structural elements at play. The problem is not that people are using flush toilets. The problem is that we exist in a system that willfully exploits particular people and environments, compelling them to move to areas of high concentration. The resulting problems are compounded by systemic economic exploitation which refuses to allow specific groups of people access to the basics of life. Those basics include flush toilets and basic sanitation…”

    is, at least, one thing that ‘Caines should be aware of..

    and, really, if they’d care to wonder, it is about “Centralization”–here, of Water Distribution, and ‘Waste-Water’”Treatment”..

    needless to say “Centralization”, where-ever found, is seldom the Best Solution, and, oft-times, leads to worse ones..

    some Clues:
    https://www.google.com/search?q=Ozone+vs.+Chlorine+waste-water+treatment&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

    https://www.google.com/search?q=ZLD+decentralized+water+facilities&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

  14. y a couple of others..

    https://www.google.com/search?q=ZLD+on-site+composting+bio-remediation+anaerobic+digesters&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
    ~~~
    “…Market research organizations have predicted significant worldwide growth for microfiltration products ever since their popular growth in the 1990s. Predictions for the future show continued growth of about 9 percent per year for MF in all drinking water sectors: Municipal, POU and POE. This growth is far larger than general GDP growth. Growth of UF and RO membrane categories are predicted to be even faster than MF.

    Some of the MF growth will actually be misidentified as UF products. There is an unfortunate popular misuse of the term UF that classifies all membrane products with any microbiological protection as UF. Admittedly, there is room for some overlap of the particle size ranges addressed by the two classifications. Yet, most cases of misuse originate as a superlative as in the following statement: “The standard filter is good and the ultrafilter is even better.”

    Countless products labeled as ultrafilters have specifications indicating a minimum pore size of 0.1 µm. It is my preference to classify microfiltration and ultrafiltration for the drinking water industry as “rejects all bacteria” and “rejects all viruses.”

    Related to drinking water purification, this definition is appropriate in that few viruses are rejected at 0.1 µm while all viruses should be rejected by a membrane with an absolute cutoff at 0.01 µm. This classification also corresponds with the performance requirements for a Purifier in the EPA Guide Standard and Protocol for Testing Microbiological Purifiers…”
    http://www.watertechonline.com/articles/150434

  15. denim says:

    Chaos theory and quantum mechanics. The sound of one hand clapping or one electron interfering with itself. Mysteries. Great picture:

    http://www.hitachi.com/rd/portal/research/em/doubleslit.html