Happy Saturday! Start your weekend out right, with these longer form weekend reads:

• How U.S. Courts Are Radically Upending International Finance (Foreign Affairs)
• A Disruptive Cab Ride to Riches: The Uber Payoff (Musing on Markets)
• Geithner: Does He Pass the Test? by Paul Krugman (NY Review of Books)
• Ebooks vs Paper (FT)
• Why You Hate Work (NY Times)
• Four myths about the Great War of 1914-1918 (Vox EU)
• The Ego and the Universe: Alan Watts on Becoming Who You Really Are (Brain Pickings)
• What’s God Got to Do with Religion? (American Interest)
• The Rise of a the A**hole Sports Dad (And How to Avoid Turning into One) (GQ)
• Boogie Nights gave Burt Reynolds a comeback that didn’t stick (The Dissolve)

Whats up this weekend?



Americans Have Less Opportunity Than They Did in 1970

Source: WonkBlog

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.

4 Responses to “10 Weekend Reads”

  1. Jojo says:

    Re: Four myths about the Great War of 1914-1918 (Vox EU)
    Businessweek had an article on parallels between then and now last issue:
    Opening Remarks
    The Sarajevo Syndrome
    By Peter Coy
    June 19, 2014

    On June 28, 1914, the motorcade carrying Austro-Hungarian Archduke Franz Ferdinand and his wife, Sophie, made a wrong turn on the streets of Sarajevo. His car had no reverse gear, so the engine was disengaged and the car pushed back onto the main road. That gave Gavrilo Princip all the time he needed. The 19-year-old Bosnian Serb stepped up to the car and fired twice at point-blank range, fatally wounding both Franz Ferdinand and his wife. “Sophie, Sophie, don’t die. Stay alive for our children,” the heir to the empire said as his helmet, plumed with green ostrich feathers, slipped from his head.

    The cataclysmic chain of events that ensued has troubled political and military thinkers to this day. Austria-Hungary made severe demands of Serbia, which it correctly suspected of involvement in the assassinations. Serbia rejected the ultimatum. When Austria-Hungary declared war on Serbia, a web of alliances began to ensnare the entire continent. Russia, as an ally of Serbia, declared it was fully mobilizing its armed forces. Germany, an ally of Austria-Hungary, preemptively declared war first on Russia, then on France, Russia’s ally. The guns of August began to sound. By the time World War I ended in 1918, roughly 17 million combatants and civilians had? died, with nothing to show for their loss.

    Change 1914 to 2014, and Sarajevo to Homs or Mosul or Donetsk or Kashmir or Panmunjom or the Senkaku Islands or the Spratlys or name-your-own conflict zone. Now as then, fights over small places whose names belong on a quiz show threaten to embroil the world’s most powerful armies. The powder kegs are in place, waiting for a Gavrilo Princip to light the fuse.


  2. Jojo says:

    Elon Musk is worried that AI research could produce a real-life Terminator
    By Chris Welch
    June 18, 2014

    Elon Musk is seemingly obsessed with innovation and breaking new ground in key areas of technology. Tesla is trying to advance the cause of electric vehicles, SpaceX is attempting to reinvent space transport, and SolarCity wants to establish the United States as the central hub of solar power. But there’s one thing that has Musk a little leery: the world’s desire to constantly make artificial intelligence smarter and more capable. Appearing on CNBC yesterday, Musk explained that he’s invested in more than one AI research company not in hopes of an eventual payoff, but mostly to give himself the best possible vantage point on new advancements. “It’s really, I like to just keep an eye on what’s going on with artificial intelligence. I think there is a potential dangerous outcome there,” he told host Kelly Evans.


  3. Jojo says:

    I’d be surprised if other well-financed hackers and government agencies haven’t been building fake websites (Sting sites?) for a long time. It seems like a great approach for capturing logon info and inserting trojans.
    Iran hackers set up fake news site, personas to steal U.S. secrets
    The ‘Newscaster’ scheme targeted over 2,000 high-level individuals and went undetected for at least 3 years

    May 29, 2014
    by Michael Pizzi @michaelwpizzi

    A team of Iranian hackers operated a fake news website and cultivated more than a dozen online personas – complete with family photos, mundane status updates, and personal blogs – in a sophisticated plot to steal the credentials of more than 2,000 high-level U.S. and Israeli government officials, according to a report by a cyber intelligence group.

    Security experts said the hackers painstakingly cultivated at least fourteen fake personas to befriend high-level targets across the gamut of social media platforms, especially Facebook and LinkedIn. Once they had successfully connected with their targets, the hackers used “spear-phishing” attacks to steal their email passwords or planted malware on the victims’ computers.



  4. VennData says:

    Marc Andreeson thinks that fewer, earlier IPOs are “bad.”. Here’s his grip:

    “…The second thing that happened is Regulation Fair Disclosure. The idea is that as a company officer, you are not, under extreme penalties, permitted to give one shareholder information that another does not have. It has really curtailed the ability of companies to communicate with shareholders. It puts everything under more scrutiny with a lot more risk…”

    Now what situation is good for the human race where you tell one shareholder one thing early. He doesn’t say, other than he likes to get info others don’t.