My morning reads:
• How to Lose $3 Million in 1 Second (Scientific American) see also The Real, and Simple, Equation That Killed Wall Street (Scientific American)
• Fourth Down? We’re Going for It! How advanced statistics could transform the NFL (New Republic)
• Critical Warning No. 7: Banks crash economy again (MarketWatch) but see Dow 20,000 May Be ‘4 Years Away:’ JPMorgan (Yahoo Finance)
• Cannabis Farming Has Kentucky Republicans Seeing Economic Boost (Bloomberg)
• LOL Headline: Banks’ Risk Measurements Rarely Off By Much More Than A Factor Of Ten (Dealbreaker) see also ‘London Whale’ Sounded an Alarm on Risky Bets (WSJ)
• Lunch with the FT: Robert B Silvers (FT.com)
• The Real Reason for the Decline of American Unions (Echoes)
• There’s More to Life Than Being Happy (The Atlantic)
• Why the GDP Drop is No Big Deal (The Daily Beast) but see The Idiocy of Sequestration (Slate)
• Doubt Is Cast on Firms Hired to Help Banks (DealBook)
What are you reading?
Early Payouts of Dividends, Bonuses Spur a Windfall
Source: WSJ
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