Good Saturday morning! Pour yourself a stiff cup of Joe, and get for our long form weekend reads:

• Opposable thumbs, upright posture, big brains, sophisticated language: What most effectively sets humans apart from other species? Our addiction to stories (Edge)
• .@HiddenCash Revealed: Making Generosity Go Viral  (TechCrunch)
• SCOTUS: The Anti-Court Court (New York Review of Books)
• What Do Chinese Dumplings Have to Do With Global Warming? (NY Times)
• We All Got Trolled (Medium)
• Windhorst: LeBron’s mighty memory (ESPN) see also Playground basketball is dying (ESPN)
• The Miraculous Face Transplant of Richard Norris (GQ)
• Washington’s Economic Boom, Financed by You (NY Times)
• This is a spider’s brain on drugs (Priceonomics)
• Our 25 Favorite Unlocked New Yorker Articles (Longform)

What’s up for the weekend?


With Jobs, It’s the Taking Part That Counts  
Source: (WSJ)


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.

11 Responses to “10 Weekend Reads”

  1. VennData says:

    Do big light vehicle sales now mean Cash for Clunkers worked?

    The gripe was it took sales from the future, well that’s now…

    Remember how declining gas consumption kept you out of the market in 2009, ’10?

    And that we only saved some gasoline and some emmisions.

    It looks good to me. No Fox News mea culpas? Wow, that’s odd.

  2. VennData says:

    An old-time varient strain of sexism, the Ebola of movie viruses.

  3. VennData says:

    House GOP pushes last-minute border funding bill

    Who has their “eye off the ball: again?

    Who is wasting time, resources, government tax money?

    Who is abusing power? Who’s fault are these quickly cobbled together bills no one reads?

    I know, I know, Obama bussed illegal immigrants from polling lace to polling place to win the election, He’s from Kenya, He’s a communist, Islamic, and gay. OK, GOP voter, you’re right again.

    • VennData says:

      If all of the GOP House members read everything they passed yesterday, does he Halbig decision keep the courts busy for a few more year$$$?

      Why doesn’t the GOP House pass a bill that makes any legislation that is not read completely by every member void, doesn’t pass, oh and make it retroactive.

      There’s a quiz tomorrow, in the Rose Garden.

      And why don’t they pass a bill that makes Irish citizenship mandatory for Mitt Romney and his corporate brethren? Retroactive and in purpituity? That way we can get money into the hands of the jobs creators. Tax refunds going back to the day Reagan allowed corporations to “live” offshore?

      Oh Reagan again, what a President he was, eh?

  4. RW says:

    Liquidated: An Ethnography of Wall Street

    Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy.

  5. hue says:

    The American Room: Behind the nation’s closed doors, with YouTube. (Medium 12 )

    The Geographical Pattern of Ebola Outbreaks: Since 1976 Ebola virus has hopscotched its way around Central Africa. What’s going on? (Medium 8)

    A Eulogy for Twitter (The Atlantic)

  6. RW says:

    Elementary Philosophy of Probability and the War on Nate Silver

    Of all the weird things that have happened in the American public sphere in my life, the most weird was the War on Nate Silver–launched in the fall of 2012 by David Brooks, Joe Scarborough, Dylan Byers, and a remarkably large company.

    The underlying argument appeared to be that Nate Silver was doing something wrong and unfair by using… evidence. By… counting things. By… using statistics. By… estimating probabilities…

    NB: See On the Certainty of the Bayesian Fortune-Teller.

  7. VennData says:

    Beatles mock anti-immigrant rage…

    “…Get Back” to their own countries. It was meant to mock Britain’s anti-immigrant proponents…”

    Every generation of democracies create these idiots and Ted Cruz types who take advantage of it to maintain power to use to help the elites get lower taxes.

  8. RW says:

    Larry Kotlikoff Tells Us Why We Should Not Use Infinite Horizon Budget Accounting

    In a New York Times column, Boston University economist Larry Kotlikoff told readers why we should not use infinite horizon budget accounting. Kotlikoff showed how this accounting could be used to scare people to promote a political agenda, while providing no information whatsoever. ….

    Kotlikoff’s budget accounting is a way to produce really big numbers to scare people so as to advance an agenda for cutting Social Security and Medicare. It is not a way to inform people, which should be the main purpose of our accounting. The public has to decide the balance of spending and taxes on various programs. They can only make decisions that reflect their concerns and values if they know what is at stake. Kotlokoff’s accounting takes them in the opposite direction.

    Shorter version: Kotlikoff is doing exactly what he accuses others of doing; i.e, he is using accounting to scare people in order to promote a political agenda which in his particular case clearly involves cutting the social safety new and gutting what remains of the New Deal.

    NB: Many logical fallacies begin in the statement or terms of the argument; at their very beginning in other words. If you are going to argue in terms of bankruptcy then you ought to use a balance sheet framework; assets vs liabilities and so forth. And if you are going to do that for a government in control of laws, vast assets and its own currency, (all of which logically require a flow of funds framework) you are going to have to do some very clever maneuvering that necessarily involves dubious or invalid assumptions.

    Alternatively you could, as most nattering nabobs of negativity do, just skip all that and leap to an unsuitable framework that none-the-less intuitively satisfies your audience because it is familiar to them — household or business budgets for example — and then you are going to ignore most of the asset or income producing side of the sheet so you can play with really big liability numbers (which would be dwarfed by the asset side) and proceed to bamboozle your audience with bullshit.

  9. Jojo says:

    This time, Gaza fighting is ‘proxy war’ for entire Mideast
    By Josh Levs, CNN
    updated 1:48 PM EDT, Fri August 1, 2014


    * The Gaza conflict is a proxy war for the Middle East, analysts say
    * Egypt, Jordan, and Saudi Arabia are seen as supporting Israel’s crackdown on Hamas
    * Turkey and Qatar support Hamas
    * Hamas is an extension of the Muslim Brotherhood, which threatens some governments

    (CNN) — The conflict raging in Gaza is different this time.

    While Hamas’ rocket attacks and Israel’s military actions may look familiar, they’re taking place against a whole new backdrop.

    “This is unprecedented in the history of the Arab-Israeli conflict,” says CNN’s Ali Younes, an analyst who has covered the region for decades. “Most Arab states are actively supporting Israel against the Palestinians — and not even shy about it or doing it discreetly.”

    It’s a “joint Arab-Israeli war consisting of Egypt, Jordan, Saudi Arabia against other Arabs — the Palestinians as represented by Hamas.”

    As the New York Times put it, “Arab leaders, viewing Hamas as worse than Israel, stay silent.”

    One of the outcomes of the fighting will likely be “the end of the old Arab alliance system that has, even nominally, supported the Palestinians and their goal of establishing a Palestinian state,” Younes says.