Good Saturday morn — it looks to be a good one, too. Before you go enjoy this gorgeous spring weather, some longer form columns for your reading enjoyment:

• The Taming of the Trading Monster (or, the fund formerly known as SAC) (NY Mag)
• The Popes of Silicon Valley: How Greylock Partners Finds the Next Facebook (Newsweek)
• How to Watch the World Cup Like a True Soccer Nerd (Grantland)
Jimmy Iovine: The Man With the Magic Ears (Rolling Stone)
• Scenes From D-Day, Then and Now (The Atlantic) see also Robert Capa’s Longest Day (Vanity Fair)
• The Robots Running This Way (MIT Technology Review)
• If everyone’s an idiot, guess who’s the jerk?  (Aeon)
• Forget CSI: A Disaster Is Happening in America’s Crime Labs (Business Insider)
• Guardian at the Gate: The Guardian, financed through a trust created by its then owners in the Thirties  may well be the best-funded newspaper in the world (GQ)
• Miami Gardens is Suspect City: Florida City’s ‘Stop & Frisk’ detains 56,922 people — with not a single arrest  (Fusion)

Where are the fish biting?


Inflation-Adjusted Dow Near Six Month High

Source: Chart of the Day

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.

10 Responses to “10 Weekend Reads”

  1. DeDude says:

    That crime lab story is scary stuff.

    “With remuneration provided exclusively for guilty verdicts and pleas, labs have a financial interest in producing results that implicate suspects”

    So these places are worse than bond rating agencies. Furthermore, the quality, even when they know they are being tested, is a disaster.

    “A full 71% made mistakes with blood tests, more than half failed to properly match paint samples, nearly 68% failed a basic hair test, more than 35% screwed up soil tests, and over 28% made errors in firearms IDs”

    And their “fix” to this problem was to have a private organization provide “accreditation” for a fee !!!!

  2. VennData says:

    Snowden is a HERO for stealing govt property and jumping into the protective arms of the Russians.

    Bowe Bergdahl is a traitor for…doing whatever he did.

    It’s so easy to be a Republican if you toss out the principle of having consistent principles.

  3. TDHawk says:

    Anyone who has ever been interested in civil rights or merely someone trying to play down the hate and encourage cooperation would be a considered a jerk in this case. It’s not so much that people are surrounded by idiots, but surrounded by people who have a more loose, friendly, and group thinking ethic which disallows them to confront important issues that they really want solved. But because people are too nice, a commendable quality otherwise, they are unable to discuss sacred topics. Even if the intro into those topics having been upstanding and nice.

  4. RW says:

    The cruefolly of fiscal austerity and avoidance of transparent investigation requisite to robust regulatory reform or prosecutorial referral has consequences. Whatever rationales elites provide for policies persued during the Great Recession must carry little weight in the face of what is widely perceived as moral collapse at the highest levels of leadership; a plague of privilege without responsibility.

    The Great Backlash

    In the 1930’s, the failure to prevent the Great Depression empowered authoritarian regimes in Europe and Asia, eventually leading to World War II. This time, the damage caused by the Great Recession is subjecting most advanced economies to secular stagnation and creating major structural growth challenges for emerging markets.

    This is ideal terrain for economic and political nationalism to take root and flourish. Today’s backlash against trade and globalization should be viewed in the context of what, as we know from experience, could come next.

  5. RW says:

    Is the Recovery Leading to More Job Polarization?

    …the housing bubble was incredibly easy to see. I took arithmetic in third grade, apparently I’m the only economist who remembers it.

    The housing bubble sent construction and consumption demand soaring, hence the relatively strong growth and low unemployment in the years 2004-2007. Then the bubble burst. In addition to all the fun associated with the financial crisis (bankers too dumb to see the bubble, but well-connected enough so that it didn’t matter), the collapse of the bubble meant a huge loss in demand. ….

    This is the cause of the recession and the weak recovery. We lost over $1 trillion in annual demand. What was going to replace it, hot air from politicians? Demand comes from consumption, investment, residential investment, government spending, and net exports.

    That’s it folks — ain’t nowhere else to get demand. So where did we expect the demand to come from to replace what we lost from the collapse of the housing bubble? Were consumers supposed to spend a a larger share of their income after they lost $8 trillion in housing wealth than when they still had that wealth? What have you been smoking?

  6. rd says:

    Drug companies are moving to automated manufacturing lines in India to eliminate human variability. This is their technique to get the quality reliability they need for FDA to approve their products for sale in the US. So, even the low-cost Indians are getting out-sourced to robots.

  7. Jojo says:

    Commencement speech gems? Or not.
    Commencement Speeches 2014: Quotes
    May 29, 2014

    “Don’t wait to be invited to important meetings or … to work on crucial assignments. Instead, do what it takes to ensure that you’re at the middle of your business. Speak up. Volunteer. Show your enthusiasm. Knock on doors.” [Like maybe the CEO's if no one else will listen to your warnings about faulty ignition switches or other parts?]
    –Mary Barra
    CEO, General Motors (GM)
    University of Michigan

    “There is an unfortunate myth that success is mainly determined by something called ability. But research indicates that our best measures of these qualities are unreliable predictors of performance in academics or employment.” [Or as always, it's not WHAT you know, but WHO you know]
    –Janet Yellen
    Federal Reserve Chair
    New York University

    “A great team, great energy, and great hard work will never make up for a bad idea.” [or a bad CEO]
    –Steve Ballmer
    Former CEO, Microsoft (MSFT)
    University of Southern California’s Marshall School of Business (graduate)

  8. Jojo says:

    Birds of Paradise Project

  9. VennData says:

    The Lawless GOP at it again! Impeach the whole party.

    How are all those Obama impeachments going anyway?

  10. VennData says:

    Trump Architect: Building Letters Are in “Poor Taste”

    Rahm Emanuel made a mistake with this one. It looks obnoxious on our understated skyline.