The week is coming to end. Celebrate it with these quality reads:

• Jeremy Grantham on Tesla, Fertilizer Wars (GMO letter)
• Bill Gates’ Steve Jobs Moment (stratechery) see also Bill Gates Emulating Jobs’s Return Carries No Guarantee (Bloomberg)
• Apple Yanks World’s Most Popular Bitcoin Wallet From App Store (Wired)
• Big guns roll out to defend securities class actions (Alison Frankel)

Continues here

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.

6 Responses to “10 Friday AM Reads”

  1. hue says:

    Janet Yellen: Bubble Spotter Extraordinaire (Sense on Cents)

    America is headed for an economic golden age — and that should terrify us (The Week) Beware of the resource curse.
    Quakes can’t shake railroad commissioner candidates’ stances on fracking (Dallas Morning News)

    In 1992, 29,000 rubber ducks fell off a cargo ship in the Pacific Ocean. This is where they landed (Amazon Maps: Twitter)

  2. Bob is still unemployed   says:

    Face recognition app for google glass identifies strangers as you walk.

    Through a Face Scanner Darkly (newyorker)

    …According to the app’s creator, Kevin Alan Tussy, to build the database, the company is “targeting those with the largest online profiles first, like celebrities, business people, and public figures. But we eventually plan on having everyone with a public social-media profile included in NameTag.” At the moment, the app’s expanding network includes about two million entries, and three hundred testers have already started using it. When the app is officially released to a general audience, sometime before the end of March, you will have to opt out of the database if you don’t want to be listed [emphasis mine]….

  3. Jojo says:

    Economic Indicators | Jobs and Unemployment
    Missing Workers: The Missing Part of the Unemployment Story
    February 7, 2014

    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 February 7, 2014, based on most current data available

    * Total missing workers, January 2014: 5,730,000
    * Unemployment rate if missing workers were looking for work: 9.9%
    * Official unemployment rate: 6.6%

  4. Conan says:

    This is a very novel explanation for the income inequality at the household level!

    Assortative mating
    Sex, brains and inequality
    How sexual equality increases the gap between rich and poor households

  5. couragesd says:

    Stock price movements are predictable during a short window
    February 3, 2014
    University of Iowa
    A new study shows evidence that stock price movements are, in fact, predictable for up to 30 minutes after the stock leaves the confines of its bid-ask spread.