The weather outside looks delightful — perfect for the beach, boat or BBQ, Before you head off to your fun in the sun, check out our longer form weekend readings:

• Edward Snowden: The Untold Story (Wired)
• Paul Graham on Money vs. Wealth: How to Get Rich (Brain Pickings)
• This Pope Means Business (Fortune)
• The Rise and Fall and Rise of Virtual Reality (The Verge)
• America’s coal heartland is in economic freefall — but only the most desperate are fleeing (Washington Post) see also David Autor’s guide to labour and the machine (FT Alphaville)
• What happened to Motorola? (Chicago Magazine)
• Back to Baghdad: Life in the City of Doom (Rolling Stone)
• Did Tony die at the end of The Sopranos? (Vox)
• No Complaints: An Interview with Pete Best, the Original Drummer of the Beatles (Pop Matters)
• 40 maps that explain the Roman Empire (Vox)

Whats up for the long holiday weekend?

 

 

Post-Crisis Rally Moved S&P 500 Well Above Its 2000 and 2007 Peaks

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.

6 Responses to “10 Weekend Reads”

  1. VennData says:

    When the GOP tells you to buy guns, buy stocks.

    ​”… One was a fear that the Great Recession would set off a crime wave. Another, related, theory held that Americans were arming themselves in anticipation of a Greek-style debt collapse and the rioting that would ensue. But analysts said the biggest motivator was the fear of a liberal Democratic president taking away everybody’s guns…”

    None of that happened. What did happen was what those wackos predicted wouldn’t happen, recovery, job growth, record corporate profits, record stock prices, US is the biggest energy producer in the world. Remember how they predicted trillion dollar deficits forever? Didn’t happen.

    If you bought a simple S&P500 index you would have tripled your money since the low.

    http://www.businessweek.com/articles/2014-08-28/america-has-hit-peak-gun-and-the-obama-gun-bubble-is-bursting

    You worried about your income GOP voter? You should have bought stocks, not guns.

  2. VennData says:

    Medtronic Will Pay CEO’s $25 Million Tax Bill on Merger

    http://www.bloomberg.com/news/2014-08-29/medtronic-will-pay-ceo-s-25-million-tax-bill-on-merger.html

    Happy Labor Day. ​Are you angry at them yet?

  3. Of course, if you or I did this, say, in a tax return . . .

    “Aguilar pointed out that, per the SEC’s own settlement, ACS had improperly reported about $125 million in revenue that allowed the company to meet its internal revenue growth guidance. Kyser himself knew what ACS was doing, was responsible for false and misleading public filings, highlighted the misleading revenue growth in earnings releases and analyst calls, failed to ensure ACS adequately disclosed the significance of these calls, signed false certifications and received an inflated bonus. . . . This practice often results in individuals who willingly engaged in fraudulent misconduct retaining their ability to appear and practice before the Commission.”

    SEC is ‘weak’ on enforcement — says one of its commissioners (Marketwatch)

    http://goo.gl/m3X858

  4. Jojo says:

    Way cool!
    ==========
    FDA Clears GE’s Revolution CT 256-Slice Scanner
    New 256-slice system offers faster speed, higher definition and lower dose

    April 15, 2014 — The U.S. Food and Drug Administration (FDA) granted 510(k) market clearance for the GE Healthcare Revolution computed tomography (CT) system. The 256-slice CT system offers technology that provides excellent image quality and clinical capabilities through the convergence of coverage, spatial resolution and temporal resolution.
    CT still has challenges with patients that have high heart rate, metallic implants, and non-compliant patients. The Revolution CT is able to address these challenging patients by freezing cardiac motion in one heartbeat, reducing metal artifacts, and offering the potential for sedation-free CT scanning. The system also offers benefits for sensitive patient groups such as pediatric, renal insufficiency, trauma, and stroke.

    http://www.dicardiology.com/article/fda-clears-ge%E2%80%99s-revolution-ct-256-slice-scanner

  5. Jojo says:

    Also way “cool”!
    ===============
    Miracle on Ice: The Chilling Promise of Cryonics
    David Casarett , the mag

    The thirtysomething man sitting next to me in this hotel conference room has tousled brown hair, blocky glasses, and a thin goatee. He looks like an ordinary guy, an impression that’s confirmed when he turns and introduces himself.

    “Hi! I’m John. I’m just an ordinary guy,” he says, nodding vigorously as if he’s trying to reassure me. “Just an ordinary guy,” he repeats, as if maybe he’s trying to reassure himself. “I’m not a paid-up member yet. You know. In the program.”

    “The program” is why John and I and about 300 other people have packed into this auditorium at a resort outside Scottsdale, Arizona. We’re here to learn about the brave science of cryonics.

    It’s the 40th anniversary of the Alcor Life Extension Foundation conference, and the company’s proposition is clear: to use “ultra-cold temperature to preserve human life with the intent of restoring good health when technology becomes available to do so.” They promise to accomplish this by freezing the bodies of recently deceased people in liquid nitrogen at a chilly -196° C. Then, if all goes according to plan, sometime in the next 1,000 years, these bold voyagers–known as “cryonauts”–will be reanimated to join the living once again.

    http://mentalfloss.com/article/58164/miracle-ice-chilling-promise-cryonics

  6. Winchupuata says:

    Great summary of Rome’s rise and fall.