Its the weekend, and you now what means: Our longer form, extended play versions of your favorite hits! Settle in for the best curated reads of the week:

• Meet the Banking Caucus, Wall Street’s secret weapon in Washington (Public Integrity)
• How Movies Forge Great Art, Legally (Vanity Fair)
• White-Collar World: What the office 
has done 
to American life (Chronicle of Higher Education)
• The Rise of Corporate Impunity (ProPublica)
• Serious Newspaper Journalism Is Not Over (Vanity Fair) but see Rumor, Gossip, Nonsense: How the news became a nightmare (Salon)
• The Invention of the Chilean Sea Bass (Priceonomics)
• Should a Chimp Be Able to Sue Its Owner? (NY Times)
• Five Stunning Facts About America’s Prison System You Haven’t Heard (Sean Kerrigan)
• The First Look at How Google’s Self-Driving Car Handles City Streets (The Atlantic Cities) see also How America’s Leading Science Fiction Authors Are Shaping Your Future (Smithsonian Magazine)
• The Inventor of Everything: fascinating look at a weird scammer (The Verge)

Whats up for the weekend?

 

Austerity’s Legacy: GDP Is Far Below Potential

Source: EPI

 

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 Weekend Reads”

  1. RW says:

    The Reckoning: Financial Accountability and the Rise and Fall of Nations

    In The Reckoning, historian and MacArthur “Genius” Award-winner Jacob Soll presents a sweeping history of accounting, drawing on a wealth of examples from over a millennia of human history to reveal how accounting has shaped kingdoms, empires, and entire civilizations. The Medici family of 15th century Florence used the double-entry method to win the loyalty of their clients, but eventually began to misrepresent their accounts, ultimately contributing to the economic decline of the Florentine state itself. In the 17th and 18th centuries, European rulers shunned honest accounting, understanding that accurate bookkeeping would constrain their spending and throw their legitimacy into question. And in fact, when King Louis XVI’s director of finances published the crown’s accounts in 1781, his revelations provoked a public outcry that helped to fuel the French Revolution. When transparent accounting finally took hold in the 19th Century, the practice helped England establish a global empire. But both inept and willfully misused accounting persist, as the catastrophic Stock Market Crash of 1929 and the Great Recession of 2008 have made all too clear.

    Number of Missing Workers Jumps to All-Time High

    There is currently an all-time-high of 6.2 million missing workers (potential workers who are neither working nor actively seeking work due to the weak labor market). Almost a quarter of them (1.4 million) are under age 25. The figure below shows that the unemployment rate for young workers would be 18.4 percent instead of 12.8 percent if the missing young workers were in the labor force looking for work and thus counted as unemployed.

  2. VennData says:

    Rutgers students decry Rice as commencement speaker

    http://www.usatoday.com/story/news/politics/2014/04/30/rutgers-condoleezza-rice-protest/8508397/

    Just torture those damn kids, Condo.

  3. RW says:

    It’s expensive to be poor.

    Why America’s Essentials Are Getting More Expensive While Its Toys Are Getting Cheap

    The past decade in prices—and the story it tells about poverty and America.

    WRT the invention of the Chilean Sea Bass,’ the Toothfish is being overfished just as other great fisheries were before it so it is more costly to make quota and the price is going up as a result; it ain’t just marketing although that game is very widespread at this point; e.g., I’ve seen toothfish marketed as ‘White Fish,’ ‘Antarctic Haddock,’ and a couple others I can’t recall at the moment.

  4. hue says:

    Why whites don’t see racism: Reagan Democrats are Stephen Colbert Democrats now (Salon)

    How Piketty’s Bombshell Book Blows Up Libertarian Fantasies (Bill Moyers)

    Steve Jobs Defied Convention, and Perhaps the Law (NYTimes) If Jobs were alive today, should he be in jail?

  5. VennData says:

    Why the Housing Market Is Still Stalling the Economy

    http://mobile.nytimes.com/2014/04/27/upshot/the-housing-market-is-still-holding-back-the-economy-heres-why.html

    Americans dont want to live in the ‘burbs. That is a good thing. The educated wotker wants to live in an urban scene.

    • VennData says:

      “..The housing market in Roanoke, Va., is a good place to see what’s happening…”

      No. No it’s not. It’is the OPPOSITE of a good place to see what’s happening in US housing.

      Did Maureen Dowd write this?

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