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Wednesday, December 31, 2014

Good News You May Have Missed in 2014 | Bill Gates

Good News You May Have Missed in 2014 | Bill Gates

interfluidity � Surge!

Supply might not be elastic. But Uber tells us so.

"There is no solid case that price-rationing is optimal or even remotely a good idea when dispersion of purchasing power is very large. "

"people have a strong preference for price-predictability over immediate access"

interfluidity � Surge!

Sunday, December 28, 2014

The Tragedy of the American Military - The Atlantic

The Tragedy of the American Military - The Atlantic

The secret to the Uber economy is wealth inequality - Quartz

The secret to the Uber economy is wealth inequality - Quartz

Schooled - The New Yorker

Schooled - The New Yorker

What Executive Assistants Know About Managing Up - HBR

What Executive Assistants Know About Managing Up - HBR

Five Business Goals to Achieve in the New Year | Stanford Graduate School of Business

Five Business Goals to Achieve in the New Year | Stanford Graduate School of Business

Sunk Costs are Sunk: An Application to a Starbuck's Run, David Henderson | EconLog | Library of Economics and Liberty

Sunk Costs are Sunk: An Application to a Starbuck's Run, David Henderson | EconLog | Library of Economics and Liberty

Friday, December 26, 2014

The Stephen Colbert monologue that you'll never be able to forget - Vox

The Stephen Colbert monologue that you'll never be able to forget - Vox

Howard Marks on Oil

http://www.oaktreecapital.com/MemoTree/The%20Lessons%20of%20Oil.pdf

Investment: Loser’s game - FT.com

Investment: Loser’s game - FT.com

A Better Way Out by Marcia Angell | The New York Review of Books

A Better Way Out by Marcia Angell | The New York Review of Books

The Cutlery Chronicles: JAPAN: tsukiji fish market tuna auction - 10 FAQ's answered

The Cutlery Chronicles: JAPAN: tsukiji fish market tuna auction - 10 FAQ's answered

Cold, Cough, Flu: Best Medicines For Your Symptoms - Iodine

Cold, Cough, Flu: Best Medicines For Your Symptoms - Iodine

Thursday, December 11, 2014

How (And Why) Cronyism Works | National Review Online

How (And Why) Cronyism Works | National Review Online

Oil Addiction

Comparing living standards over time

Comparing living standards over time

In Defense of A Troublesome Inheritance�|�Nicholas Wade

In Defense of <i>A Troublesome Inheritance</i>�|�Nicholas Wade:



 "People need not be identical twins to be equal before God, before the law, and in their rights to equality of opportunity.

Senate Report: We Tortured Prisoners, It Didn't Work, and We Lied About It | Mother Jones

Senate Report: We Tortured Prisoners, It Didn't Work, and We Lied About It | Mother Jones

Human Spaceflight (everything is to scale) - Imgur

Human Spaceflight (everything is to scale) - Imgur

The Budget Deal Gives the Pentagon Just As Much Money As It Got During the Iraq War | Mother Jones

The Budget Deal Gives the Pentagon Just As Much Money As It Got During the Iraq War | Mother Jones

Jon Stewart Admits His Error

Admit errors.



Jon Stewart Admits His Error

Sunday, December 07, 2014

China Has Overtaken the U.S. as the World’s Largest Economy | Vanity Fair

China Has Overtaken the U.S. as the World’s Largest Economy | Vanity Fair

How the ISIS war looks from Baghdad - Vox

How the ISIS war looks from Baghdad - Vox

Noahpinion: Five reasons Japan could never have won WW2

Noahpinion: Five reasons Japan could never have won WW2

Mistakes maketh the man - FT.com

Mistakes maketh the man - FT.com

Timken Bows to Activist Investors, and Splits in Two - NYTimes.com

Timken Bows to Activist Investors, and Splits in Two - NYTimes.com

In Los Angeles, a Nimby Battle Pits Millionaires vs. Billionaires - NYTimes.com

Energy Firms in Secretive Alliance With Attorneys General - NYTimes.com

Energy Firms in Secretive Alliance With Attorneys General - NYTimes.com

How Technology Could Help Fight Income Inequality - NYTimes.com

How Technology Could Help Fight Income Inequality - NYTimes.com

More on the Continuing Weakness of the Labor Market | Beat the Press

More on the Continuing Weakness of the Labor Market | Beat the Press

Tuesday, December 02, 2014

My Ferguson Problem - NYTimes.com

My Ferguson Problem - NYTimes.com:



we can afford to undertake reforms to reduce incarceration rates and limit “warrior cop” (and related) excesses, and that conservatives, in particular, have both a moral obligation to take the lead in such reforms (as many conservative-governed states and some national Republican politicians have done) and a political incentive to show minority communities that the G.O.P. is capable of questioning abuses of state power (and unionized overreach!) even when it isn’t a Republican constituency getting the short end of the stick.

Goldman Is Helping Uber Raise Money From Rich People - Bloomberg View

Goldman Is Helping Uber Raise Money From Rich People - Bloomberg View

Technological Obsolescence of Labor | askblog

Technological Obsolescence of Labor | askblog

Monday, December 01, 2014

A Dozen Things I’ve Learned From Bill Murray about Business, Money, Startups, Investing and Life in General | 25iq

Two comedians say profound things today.



A Dozen Things I’ve Learned From Bill Murray about Business, Money, Startups, Investing and Life in General | 25iq

Waving a Magic Wand

Over at the Cato Institute: Waving a Magic Wand for Economic Growth: Daily Focus (Brad DeLong's Grasping Reality...)

PE

On valuations



http://cdn1.valuewalk.com/wp-content/uploads/2014/02/document-805915460.pdf

Chris Rock on Ferguson, Cosby, and Obama -- Vulture

Profound statements on race:

White people were crazy. Now they’re not as crazy. To say that black people have made progress would be to say they deserve what happened to them before.

Chris Rock on Ferguson, Cosby, and Obama -- Vulture

Dr. Ed's Blog: Oil’s Winners & Losers (excerpt)

Dr. Ed's Blog: Oil’s Winners & Losers (excerpt)

Sunday, November 30, 2014

Oath Keepers and the Age of Treason | Mother Jones

Oath Keepers and the Age of Treason | Mother Jones:



Then again, when you're an active-duty soldier contemplating treason, some level of paranoia is probably sensible.

Uranium Ore: Science Lab Radiation Protection Supplies: Amazon.com: Industrial & Scientific

For Cyber Monday



Uranium Ore: Science Lab Radiation Protection Supplies: Amazon.com: Industrial & Scientific

Don’t be that dude: Handy tips for the male academic | Tenure, She Wrote

Don't be that dude.





Don’t be that dude: Handy tips for the male academic | Tenure, She Wrote

CONVERSABLE ECONOMIST: College Studying: 16 Hours Per Week?

CONVERSABLE ECONOMIST: College Studying: 16 Hours Per Week?

A Dozen Things I’ve Learned From Bill Ackman about Value and Activist Investing | 25iq

Japanese Unearth Remains, and Their Nation’s Past, on Guadalcanal - NYTimes.com

Japanese Unearth Remains, and Their Nation’s Past, on Guadalcanal - NYTimes.com

Retirees Turn to Virtual Villages for Mutual Support - NYTimes.com

Retirees Turn to Virtual Villages for Mutual Support - NYTimes.com

On Rooftops of Ferguson, Volunteers — With Guns - NYTimes.com



What could possibly go wrong?



On Rooftops of Ferguson, Volunteers — With Guns - NYTimes.com

Saturday, November 29, 2014

Star Wars: The Force Awakens Official Teaser - YouTube

Star Wars: The Force Awakens Official Teaser - YouTube

What Norway Can Teach Other Oil-Rich Countries - Business Insider

What Norway Can Teach Other Oil-Rich Countries - Business Insider

Hierarchy of human needs | The Incidental Economist

Hierarchy of human needs | The Incidental Economist

Lessons from the Shale Revolution � AEI

Shale grew and grows on government subsidies.



Lessons from the Shale Revolution � AEI

Are kids getting more virtuous? - The Washington Post

Are kids getting more virtuous? - The Washington Post

Why Japan lost its tech edge to Silicon Valley - SFGate

Why Japan lost its tech edge to Silicon Valley - SFGate

Wednesday, November 26, 2014

China Stocks Seen Topping Japan as World No. 2: Chart of the Day - Bloomberg

China Stocks Seen Topping Japan as World No. 2: Chart of the Day - Bloomberg

Ferguson's Grand Jury Problem - Bloomberg View

Ferguson's Grand Jury Problem - Bloomberg View

Levine on Wall Street: Harbingers and Currencies - Bloomberg View

Levine on Wall Street: Harbingers and Currencies - Bloomberg View:

 I have messed up share counts in spreadsheets. Happens to all of us.

Visit Japan without ever leaving home with these eight beautiful�videos | RocketNews24



Ideas for Tokyo trip.



Visit Japan without ever leaving home with these eight beautiful�videos | RocketNews24

The Stimulus Program Was a Smashing Success: It Erased Most Middle Class Income Losses in the Recession | Brookings Institution

The Stimulus Program Was a Smashing Success: It Erased Most Middle Class Income Losses in the Recession | Brookings Institution

Tuesday, November 25, 2014

ROBERT SHILLER: This Is What Finance Actually Is | Business Insider

ROBERT SHILLER: This Is What Finance Actually Is | Business Insider:



There’s an important technology that finance represents, and it is the technology of financing activities…so that people can undertake activities that would have otherwise been too risky for them.

The Senator and the Street - The New Yorker

The Senator and the Street - The New Yorker

CONVERSABLE ECONOMIST: The Origins of the Value of a Statistical Life Concept

CONVERSABLE ECONOMIST: The Origins of the Value of a Statistical Life Concept

Jurassic World - Official Trailer (HD) - YouTube

Jurassic World - Official Trailer (HD) - YouTube

There’s one key difference between kids who excel at math and those who don’t - Quartz

There’s one key difference between kids who excel at math and those who don’t - Quartz

Citi Analysts Thought�Everyone Knew 'Hold' Meant 'Sell' - Bloomberg View

Citi Analysts Thought�Everyone Knew 'Hold' Meant 'Sell' - Bloomberg View

Why Congress Should Not Get Out of the Way of the Postal Service | naked capitalism

Why Congress Should Not Get Out of the Way of the Postal Service | naked capitalism

Mish's Global Economic Trend Analysis: War on Terror: Drones Target 41 but Kill 1,147 Mostly Innocent men, Women, and Children

Mish's Global Economic Trend Analysis: War on Terror: Drones Target 41 but Kill 1,147 Mostly Innocent men, Women, and Children

It Would Take a Lot of Mismanagement to Raise the Cost of Treasury Debt by "Just" 20 Basis Points | Beat the Press

It Would Take a Lot of Mismanagement to Raise the Cost of Treasury Debt by "Just" 20 Basis Points | Beat the Press

長野北部 余震に警戒 土砂災害にも注意を NHKニュース

長野北部 余震に警戒 土砂災害にも注意を NHKニュース

Is Harvard Unfair to Asian-Americans? - NYTimes.com

Is Harvard Unfair to Asian-Americans? - NYTimes.com

Senator Elizabeth Warren's Misplaced Rage at Obama's Treasury Nominee - NYTimes.com

Senator Elizabeth Warren's Misplaced Rage at Obama's Treasury Nominee - NYTimes.com

Thursday, November 20, 2014

A Global Explosion in Ultra High Net Worth Individuals

A Global Explosion in Ultra High Net Worth Individuals

Japan's Demographics Problem GIF - Business Insider

Japan's Demographics Problem GIF - Business Insider

Does index fund investing work for bonds?

Does index fund investing work for bonds?

Money Rolls in for the Money Managers - Bloomberg View

Money Rolls in for the Money Managers - Bloomberg View

The National Museum of Emerging Science and Innovation (Miraikan)

The Uni Cub

http://qz.com/299526/i-rode-the-honda-unicycle-from-that-ok-go-video-and-it-was-surprisingly-awesome/



And where you can rent one"



The National Museum of Emerging Science and Innovation (Miraikan)

Goldman Sachs highlights top 10 themes of 2015 - fastFT: Market-moving news and views, 24 hours a day - FT.com

Goldman Sachs highlights top 10 themes of 2015 - fastFT: Market-moving news and views, 24 hours a day - FT.com

Wednesday, November 12, 2014

Monday, November 10, 2014

Halbig, Statutory Interpretation, and Lessons I Learned in Practice | Ziff Blog

Halbig, Statutory Interpretation, and Lessons I Learned in Practice | Ziff Blog

The real reason corporate tax reform is so hard to pull off is not partisanship. It’s ‘Keep your bipartisan hands off my tax breaks.’ - The Washington Post

The real reason corporate tax reform is so hard to pull off is not partisanship. It’s ‘Keep your bipartisan hands off my tax breaks.’ - The Washington Post

We Are All Confident Idiots - Pacific Standard: The Science of Society

Beware of this behavioral bias: Dunning Kruger effect.



We Are All Confident Idiots - Pacific Standard: The Science of Society

日中首脳 海上連絡メカニズム実施協議で一致 NHKニュース

Here is the video of the meeting. They never smiled.



日中首脳 海上連絡メカニズム実施協議で一致 NHKニュース

Xi and Abe hold landmark summit - FT.com

Interesting choice of photograph.



Xi and Abe hold landmark summit - FT.com

Israel’s One-State Reality

Israel’s One-State Reality

横浜銀 統合で経営効率を高める NHKニュース

横浜銀 統合で経営効率を高める NHKニュース

John V. Shields Jr., Who Turned Trader Joe’s Into National Chain, Dies at 82 - NYTimes.com

John V. Shields Jr., Who Turned Trader Joe’s Into National Chain, Dies at 82 - NYTimes.com

Saturday, November 01, 2014

Demystifying the MOOC - NYTimes.com

Demystifying the MOOC - NYTimes.com

Liveblogging the American Revolution: November 1, 1776: Letter Describing the Battle of Pelham (Brad DeLong's Grasping Reality...)

Liveblogging the American Revolution: November 1, 1776: Letter Describing the Battle of Pelham (Brad DeLong's Grasping Reality...)

Traveling on the Fly With Omar Miller - NYTimes.com

Cool advice on traveling without a plan.



Traveling on the Fly With Omar Miller - NYTimes.com

interfluidity � Rational regret



Go for it. I did



interfluidity � Rational regret

The takeaway from six years of economic troubles? Keynes was right.

The takeaway from six years of economic troubles? Keynes was right.

Your Advisor Should Be Like A Top Doctor | ETF.com

Your Advisor Should Be Like A Top Doctor | ETF.com

Managing Someone Else's Emotions - A Wealth of Common SenseA Wealth of Common Sense

Managing Someone Else's Emotions - A Wealth of Common SenseA Wealth of Common Sense

Monday, October 27, 2014

Fears grow over QE’s toxic legacy - FT.com

Fears grow over QE’s toxic legacy - FT.com

No one, including the Fed, has done the necessary analysis to answer the question re QE and inequality. | Jared Bernstein | On the Economy

No one, not even the Fed, knows the impact of QE



No one, including the Fed, has done the necessary analysis to answer the question re QE and inequality. | Jared Bernstein | On the Economy

AQR - Hedge Funds: The (Somewhat Tepid) Defense

AQR - Hedge Funds: The (Somewhat Tepid) Defense

Is the Affordable Care Act Working? - NYTimes.com

Is the Affordable Care Act Working? - NYTimes.com

Levine on Wall Street: Underwater Stress Tests - Bloomberg View

Levine on Wall Street: Underwater Stress Tests - Bloomberg View:



 because a favorite hobby of really rich people is avoiding taxation.

A Grand Canyon rafting trip went viral – Jordan Fisher Smith – Aeon

A Grand Canyon rafting trip went viral – Jordan Fisher Smith – Aeon

Jared Diamond: ‘150,000 years ago, humans wouldn’t figure on a list of the five most interesting species on Earth’ | Books | The Guardian

Jared Diamond: ‘150,000 years ago, humans wouldn’t figure on a list of the five most interesting species on Earth’ | Books | The Guardian

Saturday, October 18, 2014

The evidence on travel bans for diseases like Ebola is clear: they don't work - Vox

The evidence on travel bans for diseases like Ebola is clear: they don't work - Vox

Bilingual pupils 'outperform their peers in noisy lessons' - Telegraph

Bilingual pupils 'outperform their peers in noisy lessons' - Telegraph

Throw in the towel and give up on failure - FT.com

Throw in the towel and give up on failure - FT.com

SC governor defends Confederate flag at Statehouse: Not ‘a single CEO’ has complained

SC governor defends Confederate flag at Statehouse: Not ‘a single CEO’ has complained

New leak of TPP consolidated text on intellectual property provides details of pandering to drug companies and publishers | Knowledge Ecology International

New leak of TPP consolidated text on intellectual property provides details of pandering to drug companies and publishers | Knowledge Ecology International

The Market Outsmarts Everyone - Bloomberg View

The Market Outsmarts Everyone - Bloomberg View

Bank of America Made $168 Million Last Quarter, More or Less - Bloomberg View

Bank of America Made $168 Million Last Quarter, More or Less - Bloomberg View

Ebola and the Epidemics of the Past - WSJ - WSJ

Ebola and the Epidemics of the Past - WSJ - WSJ

Unable to Meet the Deductible or the Doctor - NYTimes.com

A fundamental misunderstanding. Do we have insurance or universal health care? Right now we have insurance so people have to pay for stuff.





Unable to Meet the Deductible or the Doctor - NYTimes.com