Here are my longer form weekend readings:

• The Rise and Fall of BlackBerry: An Oral History (Businessweek)
• The Man Who Would Teach Machines to Think (Atlantic)
• The Search for a Blockbuster Insomnia Drug (New Yorker)
• The Economics of Infomercials (Priceonomics)
• Netflix Has a Plan to Rewire our Entire Culture (New Republic)
• Rumsfeld’s War and Its Consequences Now(New York Review of Books) see also Pentagon’s bosses thwart accurate audit of DOD’s main accounting office (McClatchy)
• The Anti-Reactionary FAQ (Slate Star Codex)
• Forging an Art Market in China (NY Times)
• Statistically, Who’s the Greatest Person in History? (New Republic)
• How To Waste Time Properly (Nautilus) speaking of which: The 80 Most Powerful Photos of 2013 (The Roosevelts)

What are you up to this weekend?

 

Central Banks Warn of Bitcoin Risks

Source: WSJ

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 Weekend Reads”

  1. WTF? It will take all weekend to read the headlines!

    Lot’s of good stuff but, man, it’s hard to give me too much input but this about does it…

    Have a good weekend,

    - Phil

  2. Bob is still unemployed   says:

    Going after those last remaining milliseconds…

    Firms race to transmit Wall Street data at nearly light speed (LATimes)

    “NEW YORK — Ari Rubenstein, a “Star Trek” fan who counts physics as a hobby, wants to boldly go where Wall Street has never gone before: the speed of light.

    Rubenstein heads Strike Technologies, a New York company that’s part of a budding cottage industry racing to build networks of ultra-fast microwave radio transmitters linking the world’s financial hubs….”

  3. ilsm says:

    “A cynic is a man who knows the price of everything, and the value of nothing.” -Oscar Wilde

    There are no cynics in the Military Industry Congress Complex; they do not know the price much less the lack of value of what DFAS pays out.

    An army of forensic accountants working with a new skill: forensic engineers are needed to unravel the waste in the pentagon trough.

    DFAS only pays the bills, which are “certified” by the real culprits. Trillions of dollars in new systems are ordered with no knowledge (perrennial GAO complaint) that the performance specifications (while one of the few remaining MIL STD is ignored) on contract will be delivered, and even less knowledge that the specifications on contract deliver operationally useful equipment.

    The “chain of intellectual custody” from a general’s whim and actually spending money to give him/her their dream is corrupt. The pentagon has been asking empowered program officials, but getting nowhere with initiatives to establish “military equipment valuations”(MEV), but to do that would require forensic engineers, who are going to find out how bad the contractors’ troughs are.

    At the working level people who complain about this are destroyed using whistleblower retaliation usually fired for some charge like “disloyalty” to the corrupt boss.

    Too much warfare welfare money filling K St.

    • ilsm says:

      While the US is not worried about a trillion dollar cost to operate the F-35, Canada is quietly debating leaving the F-35 for more F-18′s with much lower costs to operate.

      http://blogs.wsj.com/washwire/2013/12/05/f-35-debate-the-playground-version/?mod=yahoo_hs

      See the video.

      “if you can not afford tires, or to fly it you do not need the latest stealth, overwieght under performing Ferrari …….”

      While the US DoD plans to keep the sustaining costs below a trillion bucks by not flying it, <10% of paltry "available" training in Harrier mode and accepting "mission capable" rates not better than the space shuttle.

  4. hue says:

    How to Burst the Filter Bubble that Protects Us from Opposing Views (MIT Tech Review) The Daily We (Boston Review) Is the Internet, allowing us to self-select channels and filter out new ideas, really a blessing for democracy?

    They’re Watching You at Work (The Atlantic) What happens when Big Data meets human resources? “People analytics”

    Snowden and Greenwald: The Men Who Leaked the Secrets (Rolling Stone) How two alienated, angry geeks broke the story of the year.

  5. rd says:

    Apparently the Age of Brownie is not yet past:

    http://www.propublica.org/article/federal-flood-maps-left-new-york-unprepared-for-sandy-and-fema-knew-it

    FEMA decisions from the mid-2000s on not getting and allocating enough funds to properly update flood maps means that land use planning in flood prone areas is woefully misdirected.

    However, the problems are only somewhat better under the Obama Administration as some of the lessons have still not been properly internalized and reacted to. This is classic penny-wise, pound-foolish thinking that appears to have dominated the Beltway over the past decade as millions of dollars in better data acquisition and analysis could save billions of dollars in damages.

  6. 4whatitsworth says:

    http://www.usatoday.com/story/money/business/2013/12/06/rising-riches-1-in-5-in-us-reaches-affluence/3894929/

    It looks like the American dream is alive and well! 20% find a way to the top through education, hard work, and managing their money well. Interesting that this article sees this as a problem. Apparently the “new rich” enjoy luxury and don’t see bigger government and higher taxes as the answer to income inequality.

  7. RW says:

    Bitcoin appears to be more (unstable) asset than currency, and probably in a bubble to boot (as defined by Asness), however …

    Why the Chinese can’t get enough of Bitcoin

    Bitcoin trading is still high in China, even with new regulations banning banks from using the digital currency.

    Mundus vult decipi, ergo decipiatur.

  8. jp1776 says:

    I read the whole article on “The Search for a Blockbuster Insomnia Drug” and started getting very sleepy toward the end. I’ll keep that article around…

  9. rd says:

    Funny but sad article and link to Daily Show story about Blackstone loaning money to Codere with the proviso that they would technically default on debt so that Blackstone could collect on CDS’s:

    http://www.minyanville.com/sectors/media/articles/A-Sketchy-Blackstone-Deal-Has-the/12/5/2013/id/52932?refresh=1

    The primary focus of the Daily Show coverage is how the financial media views this as a dog bites man story since this is viewed as a perfectly normal day on Wall Street.