My afternoon train reading:

• The Face Behind Bitcoin (Newsweek)
• So Russia is going to abandon the dollar as a reserve currency? Good luck with that one (Telegraph)
• Why is American internet so slow? (The Week)
• How to Predict the Next Revolution (Bloomberg View)
• Americans Shut Out of Home Market Threaten Recovery (Bloomberg)
• London, Not New York, Is World’s Greatest City (Daily Beast)
• The First Lesson of Marriage 101: There Are No Soul Mates (The Atlantic) see also What if the purpose of love is to get us out of relationships, not into them? (Quartz)
• Cost to Operate the Chevy Volt (Snopes) see also Why car & energy companies have a hard time experimenting like Google does (Giga Om)
• New Website Tracks Deforestation in Near Real-Time (Yahoo)
• Is It Possible to Degrade and Exploit Your At-Home Sexbot? (Pacific Standard)

What are you reading?

 

Some Companies Alter the Bonus Playbook

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.

5 Responses to “10 Thursday PM Reads”

  1. drveen says:

    What made New York great in its cultural heyday was not having yet more examples of the 0.001 percent of millionaires. It was a thick middle class, a prosperous working class, and a lot of artists in relatively cheap, highly available real estate.

    What exactly is the point of articles hinting that treating our city with the respect it deserves will make us loses a non-existent contest? How exactly does the author of that article benefit? Surely Mr. Hines is not making commission on sales of $30M condos here and trolling for custom…

  2. willid3 says:

    having owned a Volt for about 2 years now, I can say that it works just fine. we have been able to drive a lot further than the battery pack would allow, and we dont have that long battery recharge until we want to. the ranger battery does seem to vary a good deal with weather, but then so does a gas powered car, since both essentially use chemical processes to move.

  3. RW says:

    It is one thing when some jackass loudly proclaims inflation is coming “any day now” — been hearing that for six years and counting (they usually don’t know how inflation is defined either) — but it is quite another when that jackass is on the FOMC and apparently isn’t alone in the opinion.

    No cushion needed, apparently

    So you’re on the FOMC. You have plenty of recent, bitter experience with this important assymetry: nominal interest rates can rise as high as they need to in order to combat inflation, but they can only fall to zero before monetary policy becomes much less responsive to economic weakness. How do your views evolve? Not at all, it would seem, if you are Mr Williams, who appears to be suggesting that any risk of overshooting is intolerable. Better to put the current recovery at risk and court future disaster than treat the inflation target symetrically.

    “They have learned nothing and forgotten nothing.” -Talleyrand

  4. ch says:

    RE: Russia leaving the dollar – the horse has already left the barn…it was announced over 3 years ago, but it has now increased enough that it is hurting…hence the recent vilification of Russia, China:

    http://www.marketwatch.com/story/china-russia-to-drop-dollar-in-bilateral-trade-2010-11-23

    What do Russia & China need from the US? Answer: Nothing. The have food, oil, gas…all the essentials. What are they going to settle trade in, if neither one has a big bond market & neither are very trustworthy? Google “Russia China gold purchases.”

  5. koolie62 says:

    Edward Tufte on “… over-detecting patterns, believing too quickly and under-detecting bullshit.”

    http://hardwoodparoxysm.com/2014/03/04/beauty-at-a-smaller-dimension/