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Tuesday, April 29, 2014

Is there a funny video that explains all this in a few minutes? - Everything you need to know about Narendra Modi's rise - Vox

Is there a funny video that explains all this in a few minutes? - Everything you need to know about Narendra Modi's rise - Vox

Scrapping the Social Security Payroll Tax Cap: Who Would Pay More? | Reports

Raise the cap.



Scrapping the Social Security Payroll Tax Cap: Who Would Pay More? | Reports

Some Things You Will Never Hear From a Portfolio Manager | PRAGMATIC CAPITALISM

Some Things You Will Never Hear From a Portfolio Manager | PRAGMATIC CAPITALISM

As You Start Your Career, Focus on People Skills - Sylvia Ann Hewlett - Harvard Business Review

As You Start Your Career, Focus on People Skills - Sylvia Ann Hewlett - Harvard Business Review

Start the day well by taking on a big task - FT.com

Start the day well by taking on a big task - FT.com

Smart Beta versus Smart Alpha by Bruce I. Jacobs, Ph.D., Kenneth N. Levy :: SSRN

Smart Beta is just an attempt at alpha



Smart Beta versus Smart Alpha by Bruce I. Jacobs, Ph.D., Kenneth N. Levy :: SSRN

Pfizer Proposes a Marriage With AstraZeneca, Easing Taxes in a Move to Britain - NYTimes.com - NYTimes.com

More corporate tax avoidance.



Pfizer Proposes a Marriage With AstraZeneca, Easing Taxes in a Move to Britain - NYTimes.com - NYTimes.com

Sunday, April 27, 2014

Why Your Next Employee Should Be A Former Student Athlete | Fast Company | Business Innovation

Why Your Next Employee Should Be A Former Student Athlete | Fast Company | Business Innovation

A risk-free childhood is a bad start to life - FT.com

A risk-free childhood is a bad start to life - FT.com

The Ultimate Cheat Sheet For Investing All of Your Money Altucher Confidential

The Ultimate Cheat Sheet For Investing All of Your Money Altucher Confidential

Outlandish CEO Pay Is a Matter Between Friends | Beat the Press

Outlandish CEO Pay Is a Matter Between Friends | Beat the Press

Eating Alone by Design: An Entire Restaurant With Tables for One - Businessweek

Eating Alone by Design: An Entire Restaurant With Tables for One - Businessweek

EconoSpeak: Piketty for Dummies

EconoSpeak: Piketty for Dummies

Worthwhile Canadian Initiative: Meritocracy, mobility, and optimal taxation

The important distinction between merit and rent extraction skill. Tax and regulate more of the latter.

"Suppose individuals differ both by "merit" and by "rent extraction skill", where "rent extraction skill" means "ability to transfer income from others to themselves". So an individual's income depends on his "total ability", which is the sum of "merit" plus "rent extraction skill"."

Worthwhile Canadian Initiative: Meritocracy, mobility, and optimal taxation

Saturday, April 26, 2014

The Truth About Japan’s Economic Decline - Carnegie Endowment for International Peace

The Truth About Japan’s Economic Decline - Carnegie Endowment for International Peace

One Startup’s Struggle to Survive the Silicon Valley Gold Rush | Business | WIRED

One Startup’s Struggle to Survive the Silicon Valley Gold Rush | Business | WIRED

The Doctor Who Coaches Athletes on Sleep - Danielle Elliot - The Atlantic

The Doctor Who Coaches Athletes on Sleep - Danielle Elliot - The Atlantic

Noahpinion: What is right with modernity?

Noahpinion: What is right with modernity?

CONVERSABLE ECONOMIST: Grocery Shopping in France, the UK, and the US

CONVERSABLE ECONOMIST: Grocery Shopping in France, the UK, and the US

A Walmart Fortune, Spreading Charter Schools - NYTimes.com

A Walmart Fortune, Spreading Charter Schools - NYTimes.com

Thursday, April 24, 2014

Signs of the Times - Harvard Business Review

Strict Cost-Cutters Who Want to Spend $45 Billion on a Takeover - NYTimes.com - NYTimes.com

Cost cutting for thee, but not for me.



Strict Cost-Cutters Who Want to Spend $45 Billion on a Takeover - NYTimes.com - NYTimes.com:



Mr. Pearson gets there in style, however. He, and at times his family, travel on the company’s private jet.

Talking to Mark Krikorian, Bryan Caplan | EconLog | Library of Economics and Liberty

Talking to Mark Krikorian, Bryan Caplan | EconLog | Library of Economics and Liberty

Obama Says Pact Obliges U.S. to Protect Japan in Islands Fight - NYTimes.com

Obama Says Pact Obliges U.S. to Protect Japan in Islands Fight - NYTimes.com

On Whiteboards, in Black Ink, Grim Descriptions of Those Lost as Ferry Sank - NYTimes.com

On Whiteboards, in Black Ink, Grim Descriptions of Those Lost as Ferry Sank - NYTimes.com

F.C.C., in a Shift, Backs Fast Lanes for Web Traffic - NYTimes.com

F.C.C., in a Shift, Backs Fast Lanes for Web Traffic - NYTimes.com

Wednesday, April 23, 2014

In Allergan Bid, a Question of Insider Trading - NYTimes.com - NYTimes.com

If not illegal then unethical.



In Allergan Bid, a Question of Insider Trading - NYTimes.com - NYTimes.com

The top dozen federal government programs in history.

The top dozen federal government programs in history.

'Capital in the Twenty-First Century' by Thomas Piketty, reviewed | New Republic

'Capital in the Twenty-First Century' by Thomas Piketty, reviewed | New Republic

Starbucks Map - Business Insider

Starbucks Map - Business Insider

A more equal society will not hinder growth - FT.com

A more equal society will not hinder growth - FT.com

Class-Ridden America - NYTimes.com - NYTimes.com

Class-Ridden America - NYTimes.com - NYTimes.com

Friday, April 18, 2014

The Forgotten Giant Arrows that Guide you Across America | Messy Nessy Chic

The Forgotten Giant Arrows that Guide you Across America | Messy Nessy Chic

The Importance of Being Focused - David Papineau

The Importance of Being Focused - David Papineau

xkcd: Free Speech

xkcd: Free Speech

The complete guide to structuring your ideal work day - Quartz

The complete guide to structuring your ideal work day - Quartz

Thomas Sargent Shortest Graduation Speech - Business Insider

Thomas Sargent Shortest Graduation Speech - Business Insider

Lunch with the FT: Jagdish Bhagwati - FT.com

Lunch with the FT: Jagdish Bhagwati - FT.com

Cost of Treatment May Influence Doctors - NYTimes.com

 I have never understood why some doctors do not care about costs.





Cost of Treatment May Influence Doctors - NYTimes.com

Wednesday, April 16, 2014

Bundy Ranch Standoff: Meet Jerry DeLemus - Business Insider

Larry Summers is persuasive, Scott Sumner | EconLog | Library of Economics and Liberty

Larry Summers is persuasive, Scott Sumner | EconLog | Library of Economics and Liberty

‘Capital in the Twenty-First Century’, by Thomas Piketty - FT.com

‘Capital in the Twenty-First Century’, by Thomas Piketty - FT.com

Jill Lepore: Reading Elizabeth Warren : The New Yorker

Jill Lepore: Reading Elizabeth Warren : The New Yorker

The Confidence Gap - The Atlantic

The Confidence Gap - The Atlantic

What do SAT and IQ tests measure? General intelligence predicts school and life success.

What do SAT and IQ tests measure? General intelligence predicts school and life success.

Try Harder or Do Something Easier?, Bryan Caplan | EconLog | Library of Economics and Liberty

Try Harder or Do Something Easier?, Bryan Caplan | EconLog | Library of Economics and Liberty

Bloomberg Plans a $50 Million Challenge to the N.R.A. - NYTimes.com

Bloomberg Plans a $50 Million Challenge to the N.R.A. - NYTimes.com:



Least surprising line ever written about MB:



And he seemed unaware of, or unwilling to acknowledge, the ways in which his own persona — of a billionaire, Big Gulp-banning former mayor of New York — could undercut his efforts, especially in rural, conservative states.

Sunday, April 13, 2014

Better Insurance Against Inequality - NYTimes.com

Better Insurance Against Inequality - NYTimes.com

Why America's only Sriracha factory could soon get shut down - Vox

Why America's only Sriracha factory could soon get shut down - Vox

Washington Equitable Center for Growth | Something I Do Not Understand About the Defenders of High-Frequency Trading in the Debate Over HFT: Friday Focus: April 11, 2014

Washington Equitable Center for Growth | Something I Do Not Understand About the Defenders of High-Frequency Trading in the Debate Over HFT: Friday Focus: April 11, 2014

Streetwise Professor � Yes, Brad, It’s Just You (And Others Who Oversimplify and Ignore Salient Facts)

Streetwise Professor � Yes, Brad, It’s Just You (And Others Who Oversimplify and Ignore Salient Facts)

Saturday Art: Tokyo Reverse | MyFDL

Saturday Art: Tokyo Reverse | MyFDL

Friday, April 11, 2014

Stumbling and Mumbling: In praise of brevity

Stumbling and Mumbling: In praise of brevity

Idle workers Low interest rates = Time to rebuild infrastructure - Opinion - The Boston Globe

Idle workers Low interest rates = Time to rebuild infrastructure - Opinion - The Boston Globe

xkcd: Heartbleed Explanation

xkcd: Heartbleed Explanation

Forget Obamacare: Vermont wants to bring single payer to America - Vox

So in 2009, when he was serving as President Pro Tempore of the Vermont Senate, he got in touch with William Hsiao, an internationally renowned expert who has worked with 10 countries building such systems. Shumlin invited him to Montpelier to discuss his experiences. Hsiao — who helped Taiwan build its single-payer system to cover 23 million people — politely declined.


Forget Obamacare: Vermont wants to bring single payer to America - Vox

The utility of switching lanes | Felix Salmon

The utility of switching lanes | Felix Salmon

21 times Stephen Colbert has dropped his act and been himself - Vox

21 times Stephen Colbert has dropped his act and been himself - Vox

I have one dinner in San Francisco

I have one dinner in San Francisco

A Private Equity Titan With a Narrow Focus and Broad Aims - NYTimes.com - NYTimes.com

Lights dim for Japan’s pachinko parlours - FT.com

Not a day too soon.

They always reminded me of the bad version of the future in "Back to the Future".



Lights dim for Japan’s pachinko parlours - FT.com

Thursday, April 10, 2014

Howard Marks "Dare to be Great"

http://www.oaktreecapital.com/MemoTree/Dare%20to%20Be%20Great%20II.pdf

Another Study Shows Charters Do No Better Than Public Schools | Common Dreams

Another Study Shows Charters Do No Better Than Public Schools | Common Dreams

Ryan Lizza: Crossing Chris Christie : The New Yorker

Ryan Lizza: Crossing Chris Christie : The New Yorker

There's More to Life Than Being Happy - Emily Esfahani Smith - The Atlantic

There's More to Life Than Being Happy - Emily Esfahani Smith - The Atlantic

Pimco's Bill Gross Recovers After Mohamed El-Erian's Departure - Businessweek

Pimco's Bill Gross Recovers After Mohamed El-Erian's Departure - Businessweek

Why We’re in a New Gilded Age by Paul Krugman | The New York Review of Books

Why We’re in a New Gilded Age by Paul Krugman | The New York Review of Books

Tuesday, April 08, 2014

The depth of the problem - The Washington Post

The depth of the problem - The Washington Post

Are Safer Cars Worth the Money? - Bloomberg View

Sometimes you cannot count everything that counts.



Are Safer Cars Worth the Money? - Bloomberg View:



 Second, the department noted that in some cases, drivers have been the direct cause of their own children’s death -- an unimaginably horrific outcome that “is not fully or adequately captured in the traditional measure of the value of a statistical life.”

Monday, April 07, 2014

Donald Rumsfeld documentary: Talking to Errol Morris about The Unknown Known.

Donald Rumsfeld documentary: Talking to Errol Morris about The Unknown Known.

Why Race Has Been the Real Story of Obama's Presidency All Along -- New York Magazine

Why Race Has Been the Real Story of Obama's Presidency All Along -- New York Magazine

Michael Lewis: shilling for the buyside | Locklin on science

Michael Lewis: shilling for the buyside | Locklin on science

How politics makes us stupid - Vox

Individuals resist factual information that threatens their defining values.



How politics makes us stupid - Vox

This Is Brad DeLong's Grasping Reality...: Daniel Luzer Watches Janet Napolitano Speak Truth About Education to Jerry Brown: Live from The Roasterie CXXXV: April 7, 2014

This Is Brad DeLong's Grasping Reality...: Daniel Luzer Watches Janet Napolitano Speak Truth About Education to Jerry Brown: Live from The Roasterie CXXXV: April 7, 2014

Catholic Schools in U.S. Court China’s Youth, and Their Cash - NYTimes.com

Catholic Schools in U.S. Court China’s Youth, and Their Cash - NYTimes.com

Sunday, April 06, 2014

The Unknown Known | RADiUS-TWC

Brilliant.



The Unknown Known | RADiUS-TWC

The World’s Biggest Tetris Game - Video - NYTimes.com

The World’s Biggest Tetris Game - Video - NYTimes.com

I ran the CIA interrogation program. No matter what the Senate report says, I know it worked. - The Washington Post

Reminds me of the great line from The Fugitive: " I don't care".

It does not matter whether torture works or not, we are a lesser country because of it.



I ran the CIA interrogation program. No matter what the Senate report says, I know it worked. - The Washington Post

Noahpinion: No one really knows if HFT is good or bad

Noahpinion: No one really knows if HFT is good or bad

Calculated Risk: WSJ Employment Graph ignores Demographics, Needs Correction

Calculated Risk: WSJ Employment Graph ignores Demographics, Needs Correction

Friday, April 04, 2014

How To Ship A Whale (And Other Advice From A FedEx Guru) | Popular Science

How To Ship A Whale (And Other Advice From A FedEx Guru) | Popular Science

A Pivotal Financial Crisis Case, Ending With a Whimper - NYTimes.com

Burying the lede. Top lawyer for BOA now runs SEC





A Pivotal Financial Crisis Case, Ending With a Whimper - NYTimes.com

Drivers at Thomas Jefferson Houses in East Harlem hit by 353% parking rate hike - NY Daily News

People like their stuff to be free, part II



Drivers at Thomas Jefferson Houses in East Harlem hit by 353% parking rate hike - NY Daily News

Switching Names to Save on Taxes - NYTimes.com

Switching Names to Save on Taxes - NYTimes.com

The Idiots Guide to High Frequency Trading | blog maverick

The Idiots Guide to High Frequency Trading | blog maverick

What's a Doctor to Do?, David Henderson | EconLog | Library of Economics and Liberty

What's a Doctor to Do?, David Henderson | EconLog | Library of Economics and Liberty

Streetwise Professor � Michael Lewis’s HFT Book: More of a Dark Market Than a Lit One

Streetwise Professor � Michael Lewis’s HFT Book: More of a Dark Market Than a Lit One

Critics Say Zip Line Will Hurt, Not Help, Lake George Tourism - NYTimes.com



Scenic qualities of RV park?



Critics Say Zip Line Will Hurt, Not Help, Lake George Tourism - NYTimes.com:





“Our concern is that the zip line would detract from the scenic qualities that draw people to Lake George RV Park more than any benefit they would derive,”

Agreement on Interstate Repair Needs, but Not on How to Pay for Them - NYTimes.com

People like their stuff to be free.



Agreement on Interstate Repair Needs, but Not on How to Pay for Them - NYTimes.com

Thursday, April 03, 2014

What kind of doctor should I become?

Some thoughts on career choices, most important point is the final one.



What kind of doctor should I become?

How to Explain Bitcoin to Your Mom! - NYTimes.com

How to Explain Bitcoin to Your Mom! - NYTimes.com

A high-speed retreat keeps Goldman out of a tangle - FT.com

A high-speed retreat keeps Goldman out of a tangle - FT.com:



Classic British understatement:



 Goldman could be acting purely on principle, having had a Damascene conversion about the error of its ways. Without being rude, however, I think we can dismiss this possibility.

TheMoneyIllusion � Let’s play 1960s-era Fed

TheMoneyIllusion � Let’s play 1960s-era Fed

My painful, sweaty, scary life as a mover - Lifestyle - The Boston Globe

My original vocation.



My painful, sweaty, scary life as a mover - Lifestyle - The Boston Globe

High-Frequency Trading May Be Too Efficient - Bloomberg View

High-Frequency Trading May Be Too Efficient - Bloomberg View

High-Frequency Hyperbole - WSJ.com

High-Frequency Hyperbole - WSJ.com

Supreme Court Ends Overall Limit on Political Donations - WSJ.com

Supreme Court Ends Overall Limit on Political Donations - WSJ.com:



644 individuals give the max even now. So this is a limited problem, although it seems bad.

Wednesday, April 02, 2014

High-Speed Trading Used to Mean Carrier Pigeons - Bloomberg View

High-Speed Trading Used to Mean Carrier Pigeons - Bloomberg View

The Economist explains: Why homeopathy is nonsense | The Economist

The Economist explains: Why homeopathy is nonsense | The Economist

The trading units that once generated massive profits for banks are being brought down to earth – Quartz

The trading units that once generated massive profits for banks are being brought down to earth – Quartz

平成二六年 六代目山口組 初詣 - YouTube

平成二六年 六代目山口組 初詣 - YouTube

Debt troubles within the Great Wall - FT.com

Debt troubles within the Great Wall - FT.com

What’s the difference between tax evasion and tax avoidance? Ask Caterpillar.

A room full of tax lawyers.



What’s the difference between tax evasion and tax avoidance? Ask Caterpillar.

High-Frequency Hyperbole - WSJ.com

High-Frequency Hyperbole - WSJ.com