10 Wednesday AM Reads

Gear up for another busy day, barely halfway though the week, with our superpac morning train reads:

• Hedge Funds Gear Up for Another Big Short (WSJ)
• 5 biggest takeaways of Apple’s Q3 2015 quarterly earnings (MacWorldsee also Apple Watch Revenues almost $1 billion dollars (AP)
• Forget gold, the sugar price collapse is far more dramatic (Telegraph)
• Price stickiness is not a mystery, and it is not psychology (Interfluidity)
• Confidential Documents: Red Cross Itself May Not Know How Millions Donated for Haiti Were Spent (ProPublica)

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    • rd commented on Jul 22

      Apparently smoking a cigarette in a car is now grounds for arrest in Texas. Another petty crime to fill the jails with. Who needs to have the US Army invade Texas in a Jade Helm operation when your local police force is more than willing to trample all over your rights as a free citizen?

      I don’t think many police forces have fully understood the implications of today’s ability to have audio and video recordings of their activities. Once lawsuits worth millions of dollars work their way through the courts, they will start to fully understand (unfortunately only money really talks).

      This was a tragedy that never needed to occur. Most people are irritated and annoyed when they get ticketed. Clearly this officer did not comprehend that and it led to tragedy. His bullying approach to this driver is more of a police state mentality than a defender of the peace. Unfortunately, another person needlessly ended up dead.

    • willid3 commented on Jul 22

      while i suspect he was having a bad day, and she was too. but he is the professional. who didnt act professionally. its pat of the job to deal with public. dont want too? dont get in the job then

    • intlacct commented on Jul 23

      I think the original issue was a failure to signal. Something I, and the cop who passed me did numerous times today… So it went from trivial to microscopic….

  1. CD4P commented on Jul 22

    From the reader comments portion of The Washington Post review:

    “Radiation King
    7/21/2015 7:37 PM CST
    Sharknado 3 is a test for humanity. If enough people watch it, space aliens will exterminate mankind to free up real estate for more promising species.”

    I guess “Sharknado 4: Sharks versus Sorority Girls”, needs to reinvigorate the franchise STAT!!!

  2. rd commented on Jul 22

    Re: Hackers remotely kill a Jeep on the highway

    There is a big move afoot to try to wire every aspect of our lives. However, it is clear that Corporate American and the government have failed to take even the most basic precautionary steps to secure their data and Internet connections. I basically refuse to purchase things like in dash navigation systems, Nest home appliance controls etc. as it is clear that all they do is make you a target for hackers, for fun or for profit. It takes a lot of effort to do this one person at a time, but companies and governments have shown little regard for the sanctity of their primary databases, so once a hacker breaks into a database of users at one of these companies, they could simply program their computers to start sending signals out en masse to the users.

    At present, they are largely just assaulting our credit cards but cars and homes will likely be popping up as their targets next. For example, they could track a vehicle and then inform the burglars that it has left the house. If garage door openers etc. are programmed through the vehicles and home security systems, they could easily just open up the door for them.

    I also fail to see why I would want to allow a bored teenager in Russia to turn off my furnace in January.

    • willid3 commented on Jul 22

      true. seems that as i recall when i worked at a finance company it was much interested in making the sale than if those they made the sale to were who they said they were. this lack of interest has cost them some, but its also basically exposed all of us. and that has also exposed the government systems, since any one can get you data and use it. plus they have the same basic mind set.

  3. Jojo commented on Jul 22

    Very cool idea!
    Samsung “The Safety Truck”
    Published on Jun 9, 2015

    This initiative was created by Leo Burnett / Buenos Aires for Samsung’s Argentinian corporate office to promote road safety.


  4. Jojo commented on Jul 22

    City living is bad for your mental health
    How Walking in Nature Changes the Brain
    By Gretchen Reynolds
    July 22, 2015

    A walk in the park may soothe the mind and, in the process, change the workings of our brains in ways that improve our mental health, according to an interesting new study of the physical effects on the brain of visiting nature.

    Most of us today live in cities and spend far less time outside in green, natural spaces than people did several generations ago.

    City dwellers also have a higher risk for anxiety, depression and other mental illnesses than people living outside urban centers, studies show.

    These developments seem to be linked to some extent, according to a growing body of research. Various studies have found that urban dwellers with little access to green spaces have a higher incidence of psychological problems than people living near parks and that city dwellers who visit natural environments have lower levels of stress hormones immediately afterward than people who have not recently been outside.


  5. catclub commented on Jul 22

    I could be wrong, but it seems to me that the headline “Hedge funds line up to short mortgage bubble and its derivatives” never happened in 2006-2008. And that is my point. They are planning on fighting something like the last war. “The Big Short” reported (well after the fact) on the one guy who had a hard time finding financing for his bet against sub-prime.

    The fact that all these hedge funds are doing it out in the open suggests that they will not have the same kind of profits in the coming reckoning. The next one will be different. I do not know how, but not the same as the multiple hedge funds see it now.

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