10 Thursday AM Reads

Another week, another mass shooting. Plus, our morning train reads:

• Harvard’s Sick of Losing to Yale and Plans to Fix Endowment (Bloombergsee also Hedge Funds Brace for Redemptions (Bloomberg)
• The Good Old Days of the Gold Standard? Not Really, Historians Say (NYT)
• Uncle Sam Loves Active Mutual Funds (A Wealth of Common Sense)
• Credit-Card Rules Have Cut $16 Billion in Fees: Report (WSJ)
• Cultural “fact polarization” trumps cultural “value” polarization — a fragment (Cultural Cognition)


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  1. VennData commented on Dec 3

    Stand tall San Bernadino and celebrate Rupert Murdoch’s American exceptionalism!

    • VennData commented on Dec 3

      Ben Carson today interviewed by Breitbart

      You bring a lot of people here from another culture and what they will tend to do is congregate together, that’s a natural thing, which makes them much easier targets for radicalization. Particularly if you bring them into an environment where a lot people of are resentful of the fact that they are here. That’s just going to create incidents that will increase further the likelihood of radicalization.

      The Onion a month ago

      We absolutely cannot provide a safe haven to these Syrians due to the very real threat that the abusive and hateful conduct of Americans will push the refugees toward radicalization and recruitment by extremist militant groups.

      Look bring on the Syrians. Build them a million houses as part of our infrastructure investment. And pepper them with thousands of snitches to tell on their loony brethren, and GOP be still.

    • VennData commented on Dec 3

      … it sounds like someone’s “Hope” campaign. The sincerest form of flattery.

    • DeDude commented on Dec 3

      There is always the hope that they will change.

  2. A commented on Dec 3

    The sad reality with the gun lunacy is that there are three factors that make any hope of remedy, hopeless:

    – antiquated gun laws
    – a weak president and a strong NRA
    – a corrupt congress that is largely focused only on its re-election

    Sadly, when you hear ‘mass’ in America, it has nothing to do with a church service.

    • rd commented on Dec 3

      Barney Frank touches on this explicitly in his memoir. He says the reason that the NRA controls gun legislation is because it can mobilize its members to contact their legislators at the state and federal level and the gun control lobby doesn’t. He points out that you don’t see big gun rights March on Washington or any of those types of one-off events. It is simply everyday contacting legislators by a lot of people.

    • formerlawyer commented on Dec 3

      I am sorry, how has President Obama been weak? To my understanding he has done all he can to tighten gun regulation – the people to blame are the US Supreme Court and the Republicans. As to gun control, one word: Australia.

    • willid3 commented on Dec 3

      we seem to have the president that is both weak and a tyrant. how that works i dont know.

    • VennData commented on Dec 3

      Obama can’t pass laws and the GOP takes him to court if he does. That doesn’t make him weak, that makes Congress STUPID.

  3. cjb commented on Dec 3

    I think that should be, and other day to mass shootings. Apparently there was one down in Georgia yesterday morning I think that should be, and other day and I’ll talk to mass shootings. Apparently there was one down in Georgia yesterday morning before the San Bernardino episode.

    • cjb commented on Dec 3

      Two; i hate autocorrect

    • cjb commented on Dec 3

      looks like I need to quit posting from my IPhone………

  4. RW commented on Dec 3

    The Credit Markets Are Softening and Funding Is Tightening (ht AR))
    Many have probably heard that high-yield bonds have struggled, but the general narrative …has been that this softness is primarily due to energy credits. This makes sense. The energy sector of the high-yield market, via the Barclays cash credit index, has produced a negative 13.2% year-to-date return. Excluding energy, the high-yield market has fallen 0.37% year to date.

    But dig a little deeper below the surface and a different picture emerges. ….

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