10 Tuesday AM Reads

Welcome back to a sultry September morn, where things are starting to get very interesting. Our two-for-Tuesday morning train reads:

• Would Seth Klarman Buy His Own Book? (CIO)
• U.S. Labor Day Travelers Save $1 Billion on Gas This Holiday Weekend (WPJsee also Infrastructure debt is hot property right now (FT)
• How Market Volatility Affects Our Brains (Alpha Architect)
• General Scowcraft: The Iran deal: An epochal moment that Congress shouldn’t squander (Washington Post)
• Trump’s War With Palm Beach: For Palm Beachers, watching Trump claw and bluster his way through the Republican primary has a familiar ring. (Politico) see also The Trump of 1856 (BV)

Continues here

 

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Discussions found on the web:
  1. rd commented on Sep 8

    Cheney will be giving a speech today calling the Iran deal “madness”. I assume he is prepared to advise Obama on how the Bush Administration successfully and sanely prevented the other two “Axis of Evil” countries, Iraq and North Korea, from getting nuclear and other weapons of mass destruction. Although, I guess in North Korea’s case, it was really just limiting them to little nuclear weapons (probably just the size of the Hiroshima and Nagasaki bombs, fairly harmless in the big picture of things).

    http://us.cnn.com/2015/09/08/politics/dick-cheney-iran-speech-madness/index.html

    • ilsm commented on Sep 8

      Whether the Iran deal works or not US’ the answer every question is in the weapons areas. It is always more bombs and bombers’ is ready.

      US can produce dozens of Massive Ordnance Penetrators (MOP). 15 tons, two per B-2, GPS guided somewhat likely to find the underground target.

      http://theweek.com/articles/569837/americas-new-megabomb-absolute-terror–but-iran-may-have-last-laugh

      As with Iraghistan, Vietnam, Nov 1950 Korea what could possibly go wrong, like losing a few B-2’s, the weapon failing, the intel failing…………

      While Israel took possession of its 5 diesel submarine capable of deterring Iran.

      Why not rely on Star Wars or its mini me Iron Dome?

    • VennData commented on Sep 8

      So if Israel gets completely destroyed, Cheney will be right.

      Otherwise, not.

    • VennData commented on Sep 8

      Cheney will not be judged by the facts!

      https://twitter.com/TheIranDeal/status/641228477971075072

      But by his anger for hearing how he let Saddam off the hook during the dotcom boom, then coming back after him no matter what the cost.

      Anyone who doesn’t put Cheney’s colossal failures into this perspective has a screw loose.

    • ilsm commented on Sep 8

      2003 Cheney, with less foundation than Iraq:

      PNAC standards of imperial shameful “shameful deal”!

      On to the Yalu otherwise we lose moral status with our aggressor allies: US “strengthens our adversaries, threatens out allies and puts our own security at risk,”. Excuse for Aggression.

      To avoid war is: “an intricately crafted capitulation”. We don’t get another broken nation to rebuild!

      Appeasement: “not an act of peace,”

      I won’t cut and paste any more ranting from Cheney.

      It is Korea, Vietnam, Iraq and Afghanistan all over again.

      The agenda is perpetual war, anything short of massive aggression is appeasement.

      The A word been leading the US into pointless wars since 1950!

    • rd commented on Sep 8

      War is Peace
      Freedom is Slavery
      Ignorance is Strength

  2. VennData commented on Sep 8

    Scott Walker plunges in polls, primary race

    http://www.businessinsider.com/scott-walker-plunges-in-polls-primary-race-2015-9

    VennData would like to think that it is the taint of the Koch Bros. that’s brought Walker low

    “Some of the things that he and other candidates are doing to try to associate themselves with positions being taken by Trump or other more ‘exciting’ candidates are hurting them, though,” said veteran Republican strategist Liz Mair, who briefly worked for Walker’s campaign.

    But let’s be fair, the guy wanted to bold a wall between here and Canada. Do you think The Maple Leaf/Eagle Wall will make it into the GOP platform?

    • intlacct commented on Sep 9

      Whenever this guy opens his mouth someone should be ready with the catatonic graph of GE’s earnings performance under him versus the seismic (honest) fluctuations under Immelt. CNBC never asks about that dichotomy…

  3. whatdoiknow commented on Sep 8

    “50 is the new 42, scientists have concluded, after discovering that the brains of middle-aged people are getting sharper and younger to keep up with the demands of modern technology”

    OK, I’m in. But I need more details on this brilliant finding….
    – Does “50 is the new 42” mean “60 is the new 52” or that “60 is the new (60 * 42/50) = 50yrs5months”?
    – And why is this “sharper and younger” a good thing? Does that mean we should have more 25 yr old CEOs?
    – Is modern technology demanding? If so, then give me the good old days of, say, slash and burn agriculture or amputations without anesthetic and free me of this horrible burden.

    Give me a break…. Oh, but wait. I’m 62! I just don’t understand. Duh. Um. OIC! Now I get it… which I couldn’t if my brain wasn’t really 54 (or 52.08 maybe)!

    • OkieLawyer commented on Sep 8

      Since 50 is the new 42 and 60 is the new 50 and 5 months, the new Social Security minimum retirement age will be 75. (snark, hopefully)

  4. VennData commented on Sep 8

    Defiant Netanyahu Withdraws Vote on Gas Plan Lacking Support – Bloomberg Business

    Oh what a defiant man he is!

    And what a headline writer Mayor Bloomberg hired to support his anti-Iranian deal POV by making loonball Netanyahu look strong, tough, macho, even though Bibi is WITHDRAWING a vote due to his own incompetence.

    http://www.bloomberg.com/news/articles/2015-09-07/netanyahu-faces-test-as-gas-blueprint-goes-to-parliament-debate

    Allow me to rewrite the Headline:

    Netanyahu Wants to be King of the World, World Says No. – VennData Reality

  5. Iamthe50percent commented on Sep 8

    One downside of being retired is that holidays are just like regular weekdays, except there are a lot more people on the road and in the stores.

    • intlacct commented on Sep 9

      And many of them are getting paid.

  6. VennData commented on Sep 8

    “The Internet will not improve with the Noose of Net Neutrality” – the take your pick of right wing big business touts

    Verizon testing 5G in 2016, plans launch in 2017

    “…The future is going to bring more stuff that I can’t really describe,” Gurnani said according to CNET. “We can’t possibly envision the full range of disruptive products and services. But we have some possibilities.”

    http://www.businessinsider.com/verizon-testing-5g-in-2016-plans-launch-in-2017-2015-9

    I guess the entire GOP Media Machine made ANOTHER incorrect prediction.

    You keep on believing them right winger, and keep on following their stock market calls.

  7. rd commented on Sep 8

    Is it possible there could be a correlation between failing schools and poverty? Nah! The federal and state education departments assume that the only possible answer has to be a concentration of poor teachers in badly performing schools.

    http://www.syracuse.com/news/index.ssf/2015/09/syracuse_has_nations_highest_poverty_concentrated_among_blacks_hispanics.html#incart_river

    http://www.syracuse.com/news/index.ssf/2015/02/cuomo_more_than_half_of_syracuse_schools_have_been_failing_kids_for_too_long.html

    http://www.syracuse.com/schools/index.ssf/2015/09/contreras_firing_teachers_at_failing_syracuse_schools_wont_help.html

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