Looks like a glorious day is on tap. Grab your tablet and a cup of coffee, and settle in to enjoy these longer form weekend reads:

• Genome Surgery: Genome Editing Tools Boost Medical Research and Gene Therapy’s Reach (MIT Technology Review)
• Silicon Valley’s Youth Problem (NYT Mag)
• The new market space: billionaire investors look beyond Earth (FT)
• Why we love repetition in music (Aeon)
• The Dismal Art: Economic forecasting has become much more sophisticated in the decades since its invention. So why are we still so bad at it? (Democracy Journal)
• Is Amazon Bad for Books? (New Yorker)
• The man who destroyed America’s ego: How a rebel psychologist challenged one of the 20th century’s biggest—and most dangerous—ideas (Medium)
• How We Built the Ghettos (Daily Beast)
• Facebook’s Plan to Conquer the World — With Crappy Phones and Bad Networks (Wired) see also The War Nerd: Google’s Big New Dog (Pando Daily)
• A vast hidden surveillance network runs across America, powered by the repo industry (BetaBoston)

Whats up for the weekend?


Mutual funds that aim to copy hedge-fund strategies are proliferating.
Source: WSJ


Category: Financial Press

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9 Responses to “10 Weekend Reads”

  1. VennData says:

    I Was Putin’s Pawn

    “…I’d been a correspondent for RT — the English-language international cable network funded by the Russian government — for about two and a half years. I’d looked the other way as the network smeared America for the sake of making the Kremlin look better by comparison, while it sugarcoated atrocities by one brutal dictator after another. … Occupy was our lead story for weeks and then months, even as the number of protesters dwindled and tents cleared out. We sucked that story completely dry. Eventually, it was accepted that a revolution was not upon us.

    “In RT’s eyes, only one [2012] candidate mattered : Ron Paul. I don’t remember Paul ever speaking to RT during campaign season, but that didn’t stop our obsessive coverage of the ‘rock star’ candidate. … Something tells me it wasn’t his message of freedom and liberty but his non-interventionist stance and consistent criticism of U.S. foreign policy. His message fit RT’s narrative — that the United States is a huge bully. … As for my ‘self-promotional publicity stunt,’ if telling truth leads to better opportunities, some of my faith in humanity will be restored.” Elizabeth Wahl is … based in Washington … with no plans of visiting Russia in the near future. She is interested in rejoining the labor force with a news organization dedicated to reporting the truth.


    And Rand Paul, and Snowden… More bitches of the Soviet Union

    Go Rand Paul, lead us down the road to serfdom.

  2. RW says:

    The “new normal” of inequality, underemployment and tepid growth is not some fundamental property of the economic universe nor is its growing persistence inevitable: This environment is built from choices made and nowhere is that more clearly limned than the sole dissent to the latest Fed pronouncement.

    Kocherlakota’s Dissent

    Kocherlakota has to come up with something he can sell to the rest of the FOMC. It says something about the rest of the FOMC that the most he thinks he can sell is a meager 25bp bump above the Federal Reserve inflation target. …Regardless of whether this is Kocherlakota’s max or the best he thinks he can get, it tells you that 2% is really a ceiling, not a target [emphasis mine]. …

    …In short, if you believe that the Fed will not use monetary policy to address financial stability concerns, I think you might not be paying attention. They are already using monetary policy to address those concerns by not taking more aggressive action. …

    NB: Timid Analysis and Working for the Owners.

  3. hue says:

    There is no meritocracy: It’s just the 1 percent, and the game is rigged (Salon)

    The Lost Boys of California are (Literally) Dying to Pick Your Fruit (Vice)

    Sex, Ducks, and The Founding Feud (Radiolab)

  4. VennData says:

    Creationists demand equal airtime on Neil deGrasse Tyson’s ‘Cosmos’ to provide ‘balance’


    ​Hey, go out and get a job and buy time on Fox, produce a show, and air it. The Right demanded we get rid of the Fairness Doctrine.​ Pay back’s a bitch you GOP hipsters.


    Oh and how about equal tax treatment for science? The Churches are totally tax exempt.


  5. faulkner says:

    How NBA Teams Fool Themselves Into Betting Too Much on the Draft
    In which NBA coaches and fans prove themselves as human (and fallible) as fund managers and investors. http://www.theatlantic.com/magazine/archive/2014/04/hoop-dreams/358627/

  6. farmera1 says:

    As they say globalization raises (or levels) all boats. Pretty clear US workers are a big looser.


  7. Jojo says:

    Car Dealers Are Terrified of Tesla’s Plan to Eliminate Oil Changes
    By Marcus Wohlsen

    Car dealers fear Tesla. In states across the country, powerful car dealer associations have lobbied to ensure the electric car maker and its direct-sales model are kept out. This movement claimed another victory this week when New Jersey banned Tesla stores in the state.

    On the surface, the fear is hard to fathom. In New Jersey, for instance, sales of Tesla’s $70,000 Model S reportedly number in the hundreds. But if you dig a little deeper, it becomes obvious why dealers are worried. They don’t just fear Tesla’s cars. They fear Tesla’s plan to create a world where you never have to bring your car into the shop again.


  8. Jojo says:

    NY Times
    N.S.A. Breached Chinese Servers Seen as Security Threat
    MARCH 22, 2014

    WASHINGTON — American officials have long considered Huawei, the Chinese telecommunications giant, a security threat, blocking it from business deals in the United States for fear that the company would create “back doors” in its equipment that could allow the Chinese military or Beijing-backed hackers to steal corporate and government secrets.

    But even as the United States made a public case about the dangers of buying from Huawei, classified documents show that the National Security Agency was creating its own back doors — directly into Huawei’s networks.

    The agency pried its way into the servers in Huawei’s sealed headquarters in Shenzhen, China’s industrial heart, according to N.S.A. documents provided by the former contractor Edward J. Snowden. It obtained information about the workings of the giant routers and complex digital switches that Huawei boasts connect a third of the world’s population, and monitored communications of the company’s top executives.

    And as China strove to make its own inroads on the web, officials said another group of private hackers infiltrated Google, Adobe and dozens of other global technology companies in 2010. Lately, the officials said, that group and its counterparts are also going after security firms, banks, chemical companies, automakers and even nongovernment organizations.

    “China does more in terms of cyberespionage than all other countries put together,” said James A. Lewis, a computer security expert at the Center for Strategic and International Studies in Washington.

    “The question is no longer which industries China is hacking into,” he added. “It’s which industries they aren’t hacking into.”