Pour a tall cup of joe, settle in to your favorite easy chair, and enjoy our longer-form reads to begin your Saturday:

• How Russian Hackers Stole the Nasdaq (Businessweek)
• Visualizing Algorithms (Mike Bostock)
• The voodoo of lobster economics: Cheap at sea, pricey on the plate (Globe and Mail)
• The secretive billionaire who built Silicon Valley (Fortune)
• Content Used to Be King.  Now It’s the Joker. (Medium)
• Tech’s Most Powerful Snoop (NY Mag)
• Will the rich live to 120 and the poor die at 60? (Aeon) see also Tales from the Genome (Seeking Wisdom)
• 45 Years Ago We Landed Men on the Moon (The Atlantic)
• Has Jeff Koons Become a Pillar of the Art Establishment? (Vanity Fair)
• The Worst Free-Throw Shooter (Pacific Standard)

Whats up for the weekend?

 

S&P 500 P/E Since 1900

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.

12 Responses to “10 Weekend Reads”

  1. hue says:

    Brazil’s Secret History of Southern Hospitality (Narratively) After the American Civil War, some 7,000 Confederates set sail for Brazil. Their Dixie-loving descendants represent one of the most curious cultures in the modern world.

    Britnit is a pop queen. And pop queens don’t need to sing (Vox)

  2. wally says:

    That S&P PE ratio chart is nice, but would be even nicer if it also multiplied by the interest rate at the time; PE by itself is probably not as meaningful as PE adjusted for the environment in which it exists.

  3. RW says:

    The free market is an impossible utopia (ht MT

    …there is no such thing as a free market; there never has been, nor can there ever be. Indeed …the very idea of an economy independent of government and political institutions a “stark utopia”—utopian because it is unrealizable, and the effort to bring it into being is doomed to fail and will inevitably produce dystopian consequences.

  4. RW says:

    Can You Say “Patent Monopoly?” Joe Nocera Can’t

    Okay, this is really getting pathetic. Yet another piece on drug companies charging hundreds of thousands for drugs (wrongly described as their “cost”) which never mentions government granted patent monopolies.

  5. farmera1 says:

    The Bull Case (or at least one take of the Bull Case)

    http://www.businessinsider.com/rich-bernstein-bull-market-to-continue-2014-7

  6. Jojo says:

    9 questions about the Israel-Palestine conflict you were too embarrassed to ask
    Updated by Max Fisher on July 17, 2014

    Everyone has heard of the Israel-Palestine conflict. Everyone knows it’s bad, that it’s been going on for a long time, and that there is a lot of hatred on both sides.

    But you may find yourself less clear on the hows and the whys of the conflict. Why, for example, did Israel begin invading the Palestinian territory of Gaza on Thursday, after 10 days of air strikes that killed at least 235 Palestinians, many of them civilians? Why is the militant Palestinian group Hamas firing rockets into civilian neighborhoods in Israel? How did this latest round of violence start in the first place — and why do they hate one another at all?

    What follows are the most basic answers to your most basic questions. Giant, neon-lit disclaimer: these issues are complicated and contentious, and this is not an exhaustive or definitive account of Israel-Palestine’s history or the conflict today. But it’s a place to start.

    http://www.vox.com/2014/7/17/5902177/9-questions-about-the-israel-palestine-conflict-you-were-too

  7. rd says:

    The moral hazard of not enforcing payment of water bills. At some point in time people begin to view free water supply as a right. Kind of like not enforcing fraud laws with TBTF banks.

    http://www.washingtonpost.com/blogs/wonkblog/wp/2014/07/19/the-terrible-choices-detroit-confronts-as-it-cuts-off-water-to-its-own-residents/

    • Christopher says:

      As normal citizens they must pay what they owe.
      If they were important elites….like Bankers or Athletes….than they should be bailed out by the USG.

      Change you can Believe In!