Here are my longer form articles for your weekend reading pleasure:

• Dropbox and Uber: Worth Billions, But Still Inches From Disaster (Wired)
• Goodnight. Sleep Clean. (NY Timessee also Sleep is more important than you might think (Boston Globe)
• Shivering Cattle Signal Higher McDonald’s Beef Cost (Bloomberg)
• I Spent Two Hours Talking With NSA’s Big Wigs. Here’s What’s Got Them Mad (Wired)
• An Antidote to the Age of Anxiety: Alan Watts on Happiness and How to Live with Presence (Brain Pickings)
• The reluctant patriot: how George Orwell reconciled himself with England (New Statesman)
• Banished for Questioning the Gospel of Guns (NY Times)
• The “Erin Brockovich” of Revenge Porn (XO Jane)
• The Five Worst U.S. Presidents of All Time (The National Interest)
• Dr. V’s Magical Putter (Grantland)

Whats up for the 3 day weekend?


Stores Confront New World of Reduced Shopper Traffic

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.

16 Responses to “10 Weekend Reads”

  1. hue says:

    2013: The Year ‘the Stream’ Crested (The Atlantic)

    these stories were written before the insider trading investigations …
    How Stevie Cohen Changed My Life (Altucher Confidential)

    Memoirs of a Minyan (Minyanville) Chapters 5-7 deals with Todd’s stint with Galleon. The chapters are about 3 short web pages. The whole thing is awesome.

    • Great links from both you and Barry. The “Stream” article is fantastic, and I love how it played together with Memoirs of a Minyan, especially Chapter 7.

      For me, both of those pieces come down to the importance of legitimacy and trust. The basic paradox of the Stream is that you can’t live in the now without being able to separate the legitimate from the illegitimate, and you can only make such judgments based on historical precedent. You always inform your present intentions with memories of the past. And there is a limit to one’s attention span; one has to deal with that scarcity of time by following those things *more likely* to be trustworthy or legitimate. It’s a central tension that exists in life. It is inescapable, balancing past, present and future.

      And that Chapter 7 was pure gold, especially the quote, “Do you trust them?”

      In my former life as an attorney, that was always my most important question to my clients. Every time I would tell them to step back, forget about what’s in that agreement I just drafted for them. “That’s not important,” I would say. “That document is not going to save you in the end. You have to ask yourself one question. Do you trust them?”

      Just great stuff. Thanks.

  2. farmera1 says:

    Inequality in wealth and income continues to grow. IMHO not good for anyone in the long run and certainly not good in the short or long run for those left behind.

  3. Stock Soup says:

    An Antidote to the Age of Anxiety is a great book, but since it’s from 1951 see also,

    Mindfulness: An Eight-Week Plan for Finding Peace in a Frantic World

    the *latest* scientific research + a practical plan (4.5 stars on amazon, 85 reviews)

    I’ve done the 8 weeks (well I took 8 months), and the results are amazing.

  4. Bob is still unemployed   says:

    A bit of a deep dive, but some interesting details of the malware used to compromise POS terminals.

    17-years-old teenager is the author of BlackPOS/Kaptoxa malware (Target), several other breaches may be revealed soon. (

    “The massive data breach at Target during the 2013 holiday shopping season which the retailer now admits affected 70 million customers used an inexpensive “off the shelf” malware known as BlackPOS. The same malware may have also been involved in the Neiman Marcus attack.

    Security researchers from IntelCrawler, a Los-Angeles based cyber intelligence company, announced that the age of BlackPOS malware author is close to 17 years old and the first sample of it was created in March 2013. The first report on this malware was done in the beginning of spring by Andrew Komarov, IntelCrawler CEO, when he was working in another forensics company….”

  5. Bob is still unemployed   says:

    An excellent explanation of the Polar Vortex.

    Polar Vortex Behind U.S. Big Chill Explained (NASA via youtube, about 2.5 minutes)

  6. > I Spent Two Hours Talking With NSA’s Big Wigs. Here’s What’s Got Them Mad

    “Even while contending they welcome the debate that now engages the nation, they say that they hate the way it was triggered. The NSA has an admittedly insular culture — the officials described it as almost like a family.”

    I don’t believe that for a second . . . and because of the culture and the apologists who oversaw it this debate was never going to take place other than because somebody forced it from the outside.

  7. S Brennan says:

    This is why Milton Friedman’s concept of “unregulated capitalism”, is a “legal” framework that allows criminal activity that damages American security & interests.

    Read how the owner, has made himself a “creditor”, who has first priority…on all assets…on a bankruptcy initiated by the owner.

    “Chemstream Holdings Inc. is the sole owner of Freedom Industries, according to the filing…Chemstream Holdings is owned by >>>J. Clifford Forrest <<>>J. Clifford Forrest<<< , Freedom Industries' owner."

  8. [...] Other than all that, and the deaths of hundreds of thousands, just another politician. Merry also asks whether Obama is destined for ‘worse presidency,’ status, but all he can extract is the fall-out off Obamacare. Murder and financial corruption it ain’t near. (h/t The Big Picture). [...]

  9. Jojo says:

    Goldman Sachs pays employees average of $383,000 after profits rise 5%
    US bank’s 32,900 global employees to hear size of individual bonuses, while fixed-income trading operation had fall in profits

    *, Thursday 16 January 2014 09.48 EST

    Goldman Sachs paid its bankers an average of $383,000 (£233,000) in 2013, after profits for the year rose by 5% to $8bn.

    Putting a fresh focus on the debate over bankers’ pay, Goldman’s 32,900 global employees will be told the size of their individual bonuses on Thursday.

    The bank set aside $2.19bn in the quarter ending December 31 to compensate employees, up 11% from a year earlier but down 8.1% from the previous quarter. Goldman partners were told about their bonuses on Wednesday.

  10. Jojo says:

    Economic Indicators | Jobs and Unemployment
    No Job Openings for More than Three Out of Five Job Seekers
    By Heidi Shierholz | January 17, 2014

    The Job Openings and Labor Turnover Survey (JOLTS) data released this morning by the Bureau of Labor Statistics showed that job openings increased by 70,000 in November, bringing the total number of job openings to 4.0 million. However, there were 10.8 million job seekers in November (unemployment data are from the Current Population Survey and can be found here). That means there were 2.7 job seekers for every job opening in November. In a labor market with strong job opportunities, the ratio would be close to 1-to-1. November’s ratio of 2.7-to-1 means that for more than three out of five job seekers, there simply are no jobs.

    Furthermore, the improvement in the ratio of job seekers to job openings in this recovery (from a peak of 6.7-to-1 in July 2009) overstates the improvement in job opportunities. Most of the decline in the number of job seekers is because roughly 6 million would-be workers are sidelined; they are neither employed nor looking for work due to the weak labor market. These “missing workers” are thus not counted as unemployed, but many will become job seekers when a robust jobs recovery finally begins, so job openings will be needed for them, too.

  11. Tim says:

    Barry, Regarding the sleep articles — How much sleep do you average???? :-))

    • I am happy with 6 1/2 hours each night — I’ve never used an alarm clock, so I get up whenever my body feels like it. I will tell you when I was running, playing beach volleyball or skiing regularly I slept more.

      Fell asleep last night at 11 — dog woke me at 2am to go out (Maximus is an old man) I fell back asleep at 3, woke up at 7 — thats a lot of sleep for me . . .

  12. Yofish says:

    From meeting the NSA bigwigs: “The NSA is clearly, madly, deeply furious at the man whose actions triggered the biggest crisis in its history.” Somewhere in the bowls of NSA is Snowden’s antithesis. Someone who is as calm as he, and sees already another way; someone who is thanking Snowden for the help, as it were, in making it all the more better in the future. Better in that more can be observed and hidden with less effort. I don’t think the intelligence collecting community is just going to roll over on this. For an aging hippie, I find this NSA business more depressing than just about anything that has been revealed in the land of Oz over my 65 years. The need to surveil is directly in proportion to who how many individuals, that comprise countries, that we’ve monkeyed.

  13. Yofish says:

    ‘Banished for Questioning the Gospel of Guns’ hits me hard. I live in Alaska, the state with the second highest per capita percentage of gun owners, though, I bet it is highest in numbers of guns owned per person. I own over 20. I support restrictions on guns. This makes me a high pariah. Though my stance on these matters has been difficult for me, the slings and arrows I have suffered only cost me grief and not the loss of my job or status as a respected authority as it has for Dick Metcalf.

    I support restricting magazine capacity, not looks. Let those who are enchanted by looks be able to own an M&P15, just make it tame. Bill Ruger said it, “No one needs more than ten.” Complete removal of guns will never fly and only would lead to blood shed.

    When I was young, there was nothing but positives surrounding my association with guns. I looked forward to every issue of American Rifleman because it was that – American – and though it roundly supported the second amendment, it was entirely non-partisan. Unfortunately, we now live in a time that cowards like Wayne LaPierre have much sway. Poor throwbacks like Mr. Metcalf, me, and Mr. President Bush 1 (who would agree with us both) are passe dinosaurs and will be silenced at any cost.

  14. VennData says:

    Blogger gets same speech protections as traditional press: U.S. court

    Bloggers are people too.