10 Weekend Reads

Good Saturday morning. Pour yourself a hot mug of Kenya AA coffee‎, and enjoy our longer form weekend reads:

• Deconstructing ShadowStats. Why is it so Loved by its Followers but Scorned by Economists? (EconoMonitor)
• How tech billionaires are using money and data to solve for death (Washington Post)
• The Secret Sauce: How Buffalo Wild Wings Turned the Sports Bar Into a $1.5 Billion Juggernaut (Bloomberg)
• How Athletes Get Great: Just train for 10,000 hours, right? Not quite. Top-shelf athletic performance may be a more complicated formula than we’ve recently come to believe. (Outside)
• Satirized for Your Consumption (The Baffler)
• How a bee sting saved my life: poison as medicine (Mosaic)
• Inside the Kremlin’s hall of mirrors: Fake news stories. Doctored photographs. Staged TV clips. Armies of paid trolls. Has Putin’s Russia developed a new kind of information warfare – fought in the ‘psychosphere’ rather than on the battlefield? Or is it all just a giant bluff? (The Guardian)
• The Pentagon’s $10-billion bet gone bad (LA Times)
• How To Be Alone: Musicians Confront Solitude (NPR)
• The True Story of Pretty Woman’s Original Dark Ending (Vanity Fair)

Be sure to check out this week’s Masters in Business podcast with Rick Ferri of Portfolio Solutions.


Why the CA Drought Will Be Worse Than Everybody Thinks

Source: MarketWatch

Category: Financial Press

Does College Matter?

Category: Think Tank

Succinct Summation of Week’s Events 4.10.15

Succinct Summations (for the light) week ending April 10th: Positives: 1. The Nikkei Index broke 20,000 for the first time in 15 years 2. Initial jobless claims 4-week moving average is at the lowest levels since 2000. 3. Markit service PMI rose to 59.2, versus the 58.6 expected. 4. U.S. equities had a nice week…Read More

Category: Markets

Reform of NYC Pension May Follow CALPER’s Script

People seem to be genuinely shocked by a new report out of New York City’s Comptrollers Office. The report found that the city’s public employee retirement fund pays big fees to Wall Street but gets little in return. However much anyone is shocked, they really shouldn’t be. That’s because the high cost of hiring outside…Read More

Category: Hedge Funds, Investing, Venture Capital

Jobless in Seattle? Not Yet, Anyway. Part 2

@TBPInvictus On Wednesday, I threw in my $0.02 about the controversy surrounding the increase in Seattle’s minimum wage. Unlike any of those who have been decrying the new law and its impact, I used some data to demonstrate the absence (as yet) of any ill effects. Specifically, I looked at restaurant permit issuance and found…Read More

Category: Current Affairs, Data Analysis, Economy, Employment, Really, really bad calls

10 Friday AM Reads

The week’s over already – how did that happen? Finish strong with our hand curated morning train reads: • Did you miss the stock market rally? You’re not alone (Bankrate) • You’ve Never Heard of the Bull Market’s Best Stock Pickers (Bloomberg) • QOTD: Jamie Dimon Addresses His Critics (TRB) but see The unflattering chart that Jamie Dimon forgot to…Read More

Category: Financial Press

1965 Ford GT 40

Source: Classic Driver

Category: Weekend

Behind the Slow Pace of Wage Growth

Behind the Slow Pace of Wage Growth Filippo Occhino Federal Reserve Bank of Cleveland, 04.09.2015 Despite continued progress in the labor market, wages have been rising slowly. In 2014, total nonfarm payroll employment rose by 3.1 million and the unemployment rate declined by 1.1 percentage points to 5.6 percent, indicating that the labor market was…Read More

Category: Think Tank, Wages & Income

How Big Is The Milky Way?

From Universe Today: The numbers are pretty astounding. NASA estimates the galaxy at 100,000 light-years across. Since one light year is about 9.5 x 1012km, so the diameter of the Milky Way galaxy is about 9.5 x 1017 km in diameter. The thickness of the galaxy ranges depending on how close you are to the…Read More

Category: Science

Presidential job approval ratings from Ike to Obama

I cant say exactly why, but I find this to be an intriguing and amazing dataset:   Source: Pew Research   Reagan and Clinton are the only two who didn’t see their numbers fall off a cliff; Ike and Obama seem only fell of modestly.

Category: Digital Media, Politics