10 Friday AM Reads

That was fun! Here are my morning, post GOP debate reads:

• Are Pension Funds Getting What They Pay For or Not? (WOCS)
• Where’s the Evidence?  (Evidence Investor)
• Hedge Fund Losses From Commodity Slump Sparking Investor Exodus: Investors are demanding their money back as losses mount (Bloomberg)
• Debt markets: After the binge (FT)
• Taylor Swift Reveals How She Stood Up to Apple (Vanity Fair)
• These are the secret code words that let you criticize the Chinese government (Washington Post)
• Iran is weak (Noahpinion)
• Jon Stewart, Sarcastic Critic of Politics and Media, Is Signing Off (NYT) see also All The Careers Launched By ‘The Daily Show’ In One Video (Digg)
• Man vs. Bugs: Who’s Winning? In mankind’s age-old battle against bugs, we’ve come up with some pretty madcap measures (WSJ)
• “Hell is Empty and All the Devils Are Here”: A Shakespearean guide to the Republican primaries. (McSweeney’s)

Be sure to check out our Masters in Business interview this weekend with author and advisor’s advisor Nick Murray.



Chinese Retail Investors Flee Plunging Markets

Source: WSJ



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Discussions found on the web:
  1. faulkner commented on Aug 7

    The influence of stories, and the desire to make them, in everything, including science.

    What lies beneath
    “bad science makes for good stories … And bad science is good for business. More important, it’s tempting to assign ourselves a larger role in the grand narrative of history, just as it’s tempting to go hunting for ancient proof of our most dearly held convictions.”

  2. VennData commented on Aug 7

    The World’s on Fire! Obama’s tax hikes on the rich will wreck the economy.

    “…In July, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $24.99. Over the year, average hourly earnings have risen by 2.1 percent.” Weekly hours increased slightly in July…”

    “…Total employment increased 215,000 from June to July and is now 3.7 million above the previous peak. Total employment is up 12.4 million from the employment recession low…”


    Now the barrage out of the GOP media machine is that the economy isn’t growing fast enough, like it did under Bush that led to a Housing bubble and banking bailout or under Reagan and the equaling devastating S&L bubble and banking bailout.

    We need to grow like China who has no problems whatsoever!

    Who buys this GOP nonsense?

  3. Jojo commented on Aug 7

    MIT Technology Review magazine
    July/August 2015
    Who Will Own the Robots?

    We’re in the midst of a jobs crisis, and rapid advances in AI and other technologies may be one culprit. How can we get better at sharing the wealth that technology creates?

    Editor’s note: This is the third in a series of articles about the effects of software and automation on the economy. You can read the other stories here and here.

    The way Hod Lipson describes his Creative Machines Lab captures his ambitions: “We are interested in robots that create and are creative.” Lipson, an engineering professor at Cornell University (this July he’s moving his lab to Columbia University), is one of the world’s leading experts on artificial intelligence and robotics. His research projects provide a peek into the intriguing possibilities of machines and automation, from robots that “evolve” to ones that assemble themselves out of basic building blocks. (His Cornell colleagues are building robots that can serve as baristas and kitchen help.) A few years ago, Lipson demonstrated an algorithm that explained experimental data by formulating new scientific laws, which were consistent with ones known to be true. He had automated scientific discovery.

    Lipson’s vision of the future is one in which machines and software possess abilities that were unthinkable until recently. But he has begun worrying about something else that would have been unimaginable to him a few years ago. Could the rapid advances in automation and digital technology provoke social upheaval by eliminating the livelihoods of many people, even as they produce great wealth for others?


  4. VennData commented on Aug 7

    Seahawks’ Michael Bennett on Seahawks cap issues

    “…That’s what people don’t understand, people talk about Tony McDaniel like ‘Oh, he’s just another guy,’ but think about, how does a Bobby Wagner make those tackles?”

    “These are the workers. It’s like the clothing line. You see the people who own the clothing line, but you don’t see the people who work and make the clothes. The middle man is always needed for success in this league.”


    Those guy has no idea. It’s all about the job creators! Tax cuts and more money for the rich!

    More us not enough!

  5. hue commented on Aug 7

    mcsweeney’s lol didn’t even have to read the story

  6. ilsm commented on Aug 7

    noahpinion on Iran.

    Trajan did take his legions to Basra, but soon left having out done Crassus, Julius, and Antonius. So Iran has been down for a bit shy of 2000 years.

    Yes Iran is dumb as US only Iran uses proxies and ain’t so good killing innocents.

    The tilt is Shi’a v Sunni.

    Geography and their view north and east lean for Iran v Sunni nutcasedom in Kuwait, Dubai, Doha, Riyadh axis of Sunni beheaders.

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