Good Saturday morning. Pour yourself a tall cup of hot black, settle into your favorite chair, and enjoy an especially robust set of hand curated longer form weekend reads:

• The Making of Vladimir Putin (Politico)
• Profits Without Prosperity: Post Great Recession, corporate profits and market have recovered booming. The resy of America has not (Harvard Business Review)
The Soft-Kill Solution: New frontiers in crowd compliance (Harper’s)
• Sources of American Political Dysfunction: Institutions in Decay (Foreign Affairs)
• Saving Horatio Alger: Equality, Opportunity, and the American Dream (Brookings)
• The Hedge Fund and the Despot: Mugabe and Och-Ziff Capital Management (Businessweek)
• Evaporated in Syria, the World’s Most Dangerous Place for Journalists (Vanity Fair) see also James Foley and the Disappearance of Journalism in Syria (The Atlantic)
• Wrecking an Economy Means Never Having to Say You’re Sorry (New Republic)
• A History of This^, #This, and This (Medium)
• Lorne Again (Grantland) see also ‘SNL’ Political Secrets Revealed: Hillary’s “Entitlement,” the Sketch Obama Killed and the Show’s “Karl Rove” (Hollywood Reporter)

Whats up for the 2nd to last Summer weekend?


Interest-Rate Fears Trample Gold

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.

14 Responses to “10 Weekend Reads”

  1. VennData says:

    China continues to bump US planes.

    So much for Russia being our number one enemy. They aren’t bumping our planes, Romney was wrong. As wrong as the GOP and Hillary all were that we “should” have invaded Syria and wiped out ISIS’s enemy Assad.

    How wrong the GOP is in their predictions and counterfactual.

    • ilsm says:

      Trouble would be to have China as a real “enemy”.

      In 2002 a Chinese fighter “thumped” a USN P-3, the 4 engine turbo prop predecessor of the B737 based 2 jet engine P-8.

      The P-3′s prop was damaged and the crew emergency landed at a Chinese base.

      P-8/B737 is not a prop job, but it is less useful with 1 engine than a P-3 with 3!

      Sadly, the USN gives the US’ enemies targets (Littoral Combat Ship, Zumwalt, Big Flattops….) that get weaker, and more expensive rather than better.

      • VennData says:

        F-35 will dominate for a generation, to the point of de-industrializing our friendly platform competitors.

        Littoral’s a challenge. Another failure of the Bush era military transformation (though not quite ownership society for the USN with enemies that are with landlock, Afghanistan, or nearly, Iraq giving as a easy bar to jump.)

        Systems design with the demise of NCW should be taken right out of the !annual, platforms must be flexible. You can assure a neocon future of forced overthrow to build cell towers.

        In addition we are about to see if the Gates doctrine of drone based assault will work on ISIL. They are as primitive as hell and use money, weapons, communications and logistics the way no neocon predicted.

        Every year puts one more year between us and the neocon nightmare Cheney fanned.

  2. ilsm says:

    Meritocarcy is part of the national religion, and like in all religions US national religion is based on faith and disregard for conditions.

    While Ferguson shows that Jim Crow remains a big part of the US national religion’s liturgy.

    In US religion one needs the right spiritual medium………………..

  3. RW says:

    The boys of summer’s end need …

    A Masterclass in Helping Kids Deal with Disappointment

    The famous developmental psychologist Urie Brofenbrenner said that in order to thrive, every kid needs at least one adult in their life who has an “irrational emotional attachment” to them. ….

    How do you let a kid know that you are still crazy about them when they feel they have failed? Ask Cumberland Little League coach David Belisle, who made this speech to the weeping boys who had just lost a heartbreakingly close game and been eliminated from the Little League World Series.

  4. tigerlilac says:

    Of course the justice department’s wall street settlement deals are shameful (on the part of the government, not wall street). The last time a government official went after a big name individual (Eliot Spitzer v. Hank Greenberg) it was the regulator who had his career and name ruined, not the oligarch. The nation was smart enough to increase Bill Clinton’s popularity rating when the right tried to take him out of his elected-office over sex (not malfeasance or incompetence). Alas, when Spitzer, a guy who actually put fear into the bankers that run wall street was targeted for sex the nation yelled: “Give us Barabbas”. I guess it is okay to – - – - the country but not a hooker.

  5. Jojo says:

    Very cool how they build bridges out of natural trees still growing.
    In Focus
    Meghalaya: The Wettest Place on Earth
    Aug 22, 2014

    Photographer Amos Chapple returns to our site once once again, bringing amazing images from the state of Meghalaya, India, reportedly the rainiest spot on Earth. The village of Mawsynram in Meghalaya receives 467 inches of rain per year. Laborers who work outdoors often wear full-body umbrellas made from bamboo and banana leaf. One of the most fascinating and beautiful features in the region are the “living bridges” spanning rain-soaked valleys. For centuries, locals have been training the roots of rubber trees to grow into natural bridges, far outlasting man-made wooden structures that rot in just a few years. The bridges are self-strengthening, becoming more substantial over time, as the root systems grow. Chapple has previously showed us St. Petersburg From Above, a view of Stalin’s Rope Roads, and took us on a trip to Turkmenistan. [18 photos]

  6. Jojo says:

    So where are the people parading against actions like this by Hamas? Where are the calls to cut off international monies to Hamas? Where was the media coverage? There is a double standard in effect.
    Hamas kills at least 17 people suspected of collaborating with Israel
    Executions come a day after three Hamas military commanders were killed; meanwhile Israeli child dies in mortar attack

    August 22, 2014 8:15AM ET

    Hamas gunmen have executed at least 17 suspected informants for Israel in Gaza City, Al Jazeera confirmed on Friday. The killings come a day after Israel killed three of the group’s top military commanders in an airstrike on a house in the southern Gaza Strip.

    A Gaza security official said 11 people were killed early on Friday at the Gaza City police headquarters. At least six more were killed later in the day in a public execution in a central Gaza square, according to a Hamas website and witnesses cited by Reuters. The victims, their heads covered and hands tied, were shot dead by masked gunmen dressed in black in front of a crowd of worshippers outside a mosque after prayers, witnesses and al-Majd, a pro-Hamas website, said.


  7. Jojo says:

    Nice story on Bloomberg’s progress in giving away his billions.

    In case you have an idea and want to ask for funding, here is the link to submit a grant request:
    International Business
    Michael Bloomberg’s Harder Sell
    AUG. 23, 2014

    Michael R. Bloomberg’s foundation has many causes on its plate, including an antismoking campaign in Turkey. Credit Ivor Prickett for The New York Times
    On a sweltering Saturday in June in Istanbul’s old city, Michael R. Bloomberg, power-dressed in a dark blue suit, monogrammed white shirt and cuff links, sat down to a late-morning breakfast with local antismoking activists on a rooftop overlooking the glittering Sea of Marmara.
    The group, which included Turkish doctors and public health officials, had gathered to celebrate the surprising success of a campaign to persuade Turks, notorious for their love of tobacco, to smoke fewer cigarettes. It was a campaign formulated and funded by Bloomberg Philanthropies, the charitable foundation of Mr. Bloomberg, the former mayor of New York.

  8. Jojo says:

    The Growing Blue-State Diaspora
    AUG. 23, 2014

    Californians have moved to Colorado and Nevada. Massachusetts natives have moved to New Hampshire. New Yorkers have moved to North Carolina and Virginia — and, of course, have continued moving to Florida.

    Over the last few decades, residents of many traditionally liberal states have moved to states that were once more conservative. And this pattern has played an important role in helping the Democratic Party win the last two presidential elections and four of the last six. The growth of the Latino population and the social liberalism of the millennial generation may receive more attention, but the growing diaspora of blue-state America matters as well.

    The blue diaspora has helped offset the fact that many of the nation’s fastest-growing states are traditionally Republican. You can think of it as a kind of race: Population growth in these Republican states is reducing the share of the Electoral College held by traditionally Democratic states. But Democratic migration has been fast enough, so far, to allow the party to overcome the fact that the Northeast and industrial Midwest contain a smaller portion of the country’s population than they once did.

    • Christopher says:

      It is going to be a lot of fun watching the GOP take over the Senate this fall…..wailing and gnashing galore!

  9. VennData says:

    Fukuyama’s “Institutions in Decay”states:

    “…For example, in the United States, many working-class voters support candidates promising to lower taxes on the wealthy, despite the fact that such tax cuts will arguably deprive them of important government services…”

    So voters who should vote in their self interest don’t. Hmm… Sounds like the free market of ideas has a catch, like the GOP lie machine maybe?

  10. Robert M says:

    HBR article; “As a result, the very people we rely on to make investments in the productive capabilities that will increase our shared prosperity are instead devoting most of their companies’ profits to uses that will increase their own prosperity—with unsurprising results. Even when adjusted for inflation, the compensation of top U.S. executives has doubled or tripled since the first half of the 1990s, when it was already widely viewed as excessive. Meanwhile, overall U.S. economic performance has faltered.”

    Forrest Gump strikes, “Stupid is as stupid does.”