Good morning. Before you head out to play in the sunshine, here are some longer form weekend readings to kick off your Saturday:

• Arrogance Is Good: In Defense of Silicon Valley (Businessweek)
• Who Stole the Four-Hour Workday? (Vice)
• Has the ‘Libertarian Moment’ Finally Arrived? (NY Times)
• I Want It, and I Want It Now — It’s Time for Instant Gratification (Re/Code)
• Amazon, a Friendly Giant as Long as It’s Fed (NY Times)
• Gladwell: The Gangster’s Guide to Upward Mobility (New Yorker)
• The Most Fascinating Profile You’ll Ever Read About a Guy and His Boring Startup (Wired)
• What Happens When You Enter the Witness Protection Program? (Priceonomics)
• Did Texas Execute an Innocent Man? (The Marshall Project)
• Wax and Wane: The Tough Realities Behind Vinyl’s Comeback (Pitchfork)

Whats up this weekend?

 
Stocks End Week With a Wild Ride 
BF-AH969_PANMKT_G_20140808183904
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.

12 Responses to “10 Weekend Reads”

  1. VennData says:

    I wonder if this guy watches Fox?

    http://www.mycentraljersey.com/story/news/local/middlesex-county/2014/08/07/nj-cop-obama-rant-resigns-video-goes-viral/13728599/

    Slight change of subject: I feel so much better when we’re bombing somebody. As a matter of course, a few hundred bi-annual sorties against humanity’s worst scourge is cathartic, medicinal even.

    http://www.slate.com/articles/news_and_politics/frame_game/2014/08/airstrikes_in_iraq_10_reasons_why_our_intervention_won_t_escalate_into_war.html

    But I can’t help but wonder why American streets aren’t filled with pro-war groups like they were before battle-hardened vet George W. Bush’s launch in Iraq? C’mon right wingers! Get out there and support Obama’s muscular attacks to save lives and protect American interests. Is this an example of how many of you are going to show up to the polls in November to support your beloved re-treads re-joining Congress you hate even more than the Commander-in-Chief?

    http://www.politico.com/story/2014/08/poll-congress-approval-rating-low-109721.html

    But I thought you LIKED that Congress stopped anything and everything Barrack H. Obama wants to do.

    What gives out there in talk radio land?

  2. VennData says:

    Argentina Sues U.S. in International Court of Justice Over Debt Dispute

    http://online.wsj.com/articles/argentina-sues-u-s-in-international-court-of-justice-over-debt-dispute-1407431003

    Did Ted Cruz work out this strategy?

    It’s a great idea, the next time the rock-ribbed, patriotic, all-arguments-end-at-the-coastline Republican from that sober, reflective, thoughtful state of Texas decides to shut down government rather than give Obama another couple billion for the Ex-IM bank,, the unambitious Senator can SUE the US. Which is us. And if he loses? (Which you won’t because the GOP is always right in their predictions of the dire consequences of America for Obama’s policies) He can do a personal inversion and leave America for France! or back to Canada? Maybe become a French=Canadian! Go Ted Cruz!

    Or maybe just sue the president! What a great bunch of guys the GOP are. Is that their health care plan? Sue people? GOP voter, you are smart, very knowledgeable, and really aware of what’s happening out there.

  3. DeDude says:

    For those who like to put data behind their view of the worlds big issues, the NSDIC website has a great chart function with Arctic and Antarctic sea ice levels since 1979. http://nsidc.org/arcticseaicenews/charctic-interactive-sea-ice-graph/

    It is true that the Antarctic sea ice levels have increased in the past few years but one should note that this in no way means that the melting in the north is compensated by freezing in the south (as certain agenda driven people want you to believe). For global warming the important issue is the area covered by sea ice during the summer season (when the lack of ice means that solar energy is absorbed rather than reflected). The relevant comparison is how much sea ice areas are above or below the 30-years average at that time (when the sun is high and reflective surface matters). A high level of sea ice in the black night of polar winters is irrelevant.

    When you look at the minimum sea ice coverage in the polar summers over the past 10 years and compare them to the 30-year average you find something interesting and relevant to the global warming multiplier effects of melting sea ice. In the Antarctic we had 4 years that were above and 6 years that were below average. Yes 3 of them were in the past 3 years and averaging all 10 out you get an increase (of about 160,000 sq Km). On the other side the Arctic sea ice minimum were below the 30 year average every single year in the past 10 (8 of those years by over a million sq Km and 2 by over 2 million sq Km).

    Although the evidence is fairly weak at this time I have no problem believing that a minor trend is building with larger sea ice coverage in the Antarctic; although I do find it funny that many of the same people who point with great confidence to the data from the south are questioning the much stronger data from the north. But how should we interpret the data from the south, if indeed it turns out that sea ice area is increasing? There are reasons to believe that the phenomenon is equivalent to what you observe if you take a hard frozen scoop of ice cream and place it on a table. As it melts, it gets soft and flattens out at the edges. So even as the volume of actual ice gets lower the surface area covered gets slightly bigger. Unfortunately in Antarctica, where most of the ice is on a surface above sea level, loss of ice volume is a (or the) big deal.

  4. “The bureau’s suit, filed July 14, alleges that Hanna churns out hundreds of lawsuits each day — many against consumers who don’t owe money or owe a different amount. Hanna’s lawyers violated the law by filing suits throughout Georgia without verifying facts, the bureau alleges, relying instead on an automated system and hundreds of non-lawyer staff.”

    Firm Suing 270 Debtors Daily Accused of High-Speed Errors (Bloomberg)

    http://goo.gl/2rp7mz

  5. I imagine Texas and other states have executed many innocent people . . . these stories involving prosecutorial misconduct or overreach, corrupt cops, less than expert expert witnesses, flawed forensic techniques, etc. are virtually commonplace. See:

    “Nearly every criminal case reviewed by the FBI and the Justice Department as part of a massive investigation started in 2012 of problems at the FBI lab has included flawed forensic testimony from the agency, government officials said.”

    Federal review stalled after finding forensic errors by FBI lab unit spanned two decades (WAPO)

    http://goo.gl/aKgIds

  6. RW says:

    Corporate America Hasn’t Been Disrupted

    Talk to anyone in Silicon Valley these days, and it’s hard to go more than two minutes without hearing about “disruption.” Uber is disrupting the taxi business. Airbnb is disrupting the hotel business. Apple’s iTunes disrupted the music industry, but now risks being disrupted by Spotify. Listen long enough, and it’s hard not to conclude that existing companies, no matter how big and powerful, are all but doomed, marking time until their inevitable overthrow by hoodie-wearing innovators.

    In fact, the opposite is true. By a wide range of measures, the advantages of incumbency in corporate America have never been greater. ….

    NB: Consider this the flipside of the inequality debate: Corporations and capital have wrung so much advantage out of the political system they are closing the circle; as sclerotic as if they were state-owned.

    • Mbuna says:

      Consider this the flipside of your flipside- corporations and capital have so much control over the government that you might as well (actually you should) consider them (corporations and government) functionally to be 2 different arms of the same entity. So instead of terming them “sclerotic as if they were state owned” I would term them so politically powerful that they own the state. I think it is a very big misconception to think that they only want to ring advantage out of the system. Ultimately they do indeed want to control the system because it simply makes “business” sense to do so. In fact, I am certain there are many who say it is their fiduciary responsibility to do so. Such is the state of the present corporate/capitalist religion.

  7. barbacoa666 says:

    This weekend I’m going to try to get ahead on my work. A couple of interesting articles:
    HDEV Experiment: Real-Time HD video of Earth from International Space Station, via TDRS and the NASA Human Space Flight Network – http://eol.jsc.nasa.gov/hdev/
    New IBM chip architected to function in a manner similar to the human brain – http://www.technologyreview.com/news/529691/ibm-chip-processes-data-similar-to-the-way-your-brain-does

  8. VennData says:

    Obama on getting things done…

    ​”…[Obama] blame[s] the rise of the Republican far right for extinguishing so many potential compromises, Obama also acknowledged that gerrymandering, the Balkanization of the news media and uncontrolled money in politics – the guts of our political system today – are sapping our ability to face big challenges together, more than any foreign enemy. ‘Increasingly politicians are rewarded for taking the most extreme maximalist positions,’ he said, ‘and sooner or later, that catches up with you…”​

    http://www.nytimes.com/2014/08/09/opinion/president-obama-thomas-l-friedman-iraq-and-world-affairs.html

    The logical thing to do is to ​NOT reward the GOP for their intransigence. Reject interafdtion with GOP lobbyists, fundraisers, etc.

    Shovel money, time, effort, to Democrats and tell the GOP that until they jettison the obstructionism, and disavow the shut-down-the-government nonsense, you are not supporting them.

    This is unarguable.

  9. VennData says:

    The 7 Worst Mistakes People Make In Their 30s

    Read more: http://www.businessinsider.com/worst-mistakes-people-make-in-their-30s-2014-8#ixzz39uvqjcW1

    I’ll summarize you should have kids, focus on your family, hold onto your dreams, work hard, save money, be healthy and party.

    ROFL!

  10. Concerned Neighbour says:

    In principle I think the idea of a shorter work-week is a good one, but we’ve erected a global economic system that makes it totally impractical. Business are totally mobile, whereas labor isn’t. Unless all jurisdictions agree, or we get inventive with new policy, the competitive disadvantage would be substantial.

    Also, there are practical issues around high-skilled work. If someone studies 10-years to become a health specialist, do we want to limit them to four hours of work per day? Would they? In such cases, isn’t it safe to say that person enjoys what they’re doing. That is, isn’t being compelled to do it by their employer?

  11. Joe says:

    Re; Vinyl. I.E Stax o’ wax, Licorice platters, etc .

    Back inna when CD’s were sweeping records into the dust bin of history, the first part of the vinyl industry to collapse was the suppliers of lacquer mastering discs. Once you had the tape master mixed, you took it to a mastering lab where they “cut a record” The tape was listened to and an eq schedule for cutting and a pitch schedule were created. The tape was played over a “reverse record player.” The tape was played through a control desk into 500 watts of stereo amplifier that drove a diamond cutting head that cut a groove in a lacquer disk on a turntable.

    Even when the industry was healthy, quality lacquer disk were hard to come by. It was pretty much two suppliers, one with the ability to ship but inconsistent quality and one with excellent quality and the inability to ship product for a month or two or longer depending.

    Do analog LP’s still sound better than CD’s or the high rate digital sources? Depends as much on the individual sources as the format… What lacquers? How good was the mastering engineer? What shape was the cutter set up in? Did the plating job go well?