10 Sunday Reads

May 10, 2015 7:30am by

Good Sunday morn; some brunch reads to round out your weekend:

• The Asshole Factory: Our economy doesn’t make stuff anymore. So what does it make? (Medium)
• Fees on Mutual Funds Fall. Thank Yourself. (NYT) see also 6 ways Vanguard has changed the way people invest (MarketWatch)
• Unless You Are Spock, Irrelevant Things Matter in Economic Behavior (Upshot)
• An App That Helps Uber/Lyft Drivers Track How Much They Do — and Don’t — Earn (NYT) see also Uber Fund-Raising Points to $50 Billion Valuation (NYT)
• The Bullshit Hypocrisy of “All-Natural” Foods (Gawker)
• Sugar Becomes Enemy No. 1 (Bloomberg View)
• Housel: Unsolicited Advice for Everyone About to Graduate College (Fool) see also College Majors Figure Big in Earnings (WSJ)
• Most US voters, including Republicans, support Obama immigration plan (CS Monitor)
• One day they’ll understand Apple (Ken Segall) but see Discoveryd Clusterfuck (Furbo)
• Baltimore’s Toxic Legacy Of Lead Paint (FiveThirtyEight)

What are you reading?

 

How 17 Million People Gained Insurance Under Obamacare

Source: Bloomberg

 

 

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What's been said:

Discussions found on the web:
    • rd commented on May 10

      We are still paying the price of the corruption and institutionalized organized crime that arose from Prohibition almost a century ago. I think we will be seeing similar repercussions form the War on Drugs for a similar time frame.

    • thegonch commented on May 11

      I think you mean Teapot Dome.

    • reedsch commented on May 11

      Puritans suck!

  2. RW commented on May 10

    Social Costs of the Financial Sector

    While there is no doubt that a developed economy needs a sophisticated financial sector, at the current state of knowledge there is no theoretical reason or empirical evidence to support the notion that all the growth of the financial sector in the last forty years has been beneficial to society. In fact, we have both theoretical reasons and empirical evidence to claim that a component has been pure rent seeking. …

    I am not aware of any evidence that the creation and growth of the junk bond market, the option and futures market, or the development of over-the-counter derivatives are positively correlated with economic growth. …

  3. VennData commented on May 10

    Pope Francis inspires Cuba’s Raul Castro towards Church

    http://www.bbc.com/news/world-europe-32679290

    Marco Rubio Must put a halt to this! He must find 47 senators to sign a letter to the Pope saying any Sunday visits by ANY Castro will be viewed as unofficial and Get Governor Mike Pence to sign a bill to help Catholics prevent anyone from the Cuban regime to getting in line for communion with regular white people.

  6. Jojo commented on May 10

    Re: The Asshole Factory

    This is merely an attempt to standardize and optimize human retail sales performance. It is one of the beginning steps on the path to the eventual replacement of human workers with machines.

  7. Iamthe50percent commented on May 10

    I wonder what Mara’s two degrees are. Probably something no employer wants, like Art History or Engineering. Now Law or Finance ….

    • reedsch commented on May 11

      “I must study politics and war that my sons may have liberty to study mathematics and philosophy. My sons ought to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce, and agriculture, in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry, and porcelain.”
      John Adams

  8. Winchupuata commented on May 10

    Gawker is garbage but even there you can find good articles like the ones about food by Yvette d’Entremont

  9. VennData commented on May 10

    All the fuss about “liquidity.”

    If the banks made money providing liquidity, then someone else will take the business they have been kicked out of because tax payers should not be on the hook I’d they screw up, again.

    So if you are an entrepreneur start a liquidity business.

    If you are a highlynleveraged and “have” to sell, is the the US taxpayer’s problem?

    If providing liquidity is NOT a profitable business then the profit will be created if there is a need.

  10. reedsch commented on May 11

    A respectable random sample of assholiness can be taken by driving at the speed limit and observing your rear-view mirror.

    And dare I say that I perceive a slight but noteworthy leftward tilt in not only our main protagonists’s posting, but also that of the responders? As has been observed, the facts tend to have a distinctly liberal bias, and methinks the more conservative observers are quick to decamp the debating fields for the more hospitable environs of their similarly-inclined fellows (“You can’t talk to a Liberal” Indeed, why bother trying?) No fingers being pointed here, just sayin’.

    • thegonch commented on May 11

      Maybe you should ask yourself why you think facts have a liberal bias…

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