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Tuesday, March 29, 2016

Video: Bates men's lacrosse makes history | Athletics | Bates College

Reshoring and FDI boost US manufacturing jobs — FT.com

Real Investment Adviser Sold Some Fake Investments - Bloomberg View

Real Investment Adviser Sold Some Fake Investments - Bloomberg View

A Son of Wall Street Privilege Faces Fraud Charges - WSJ

He served in Iraq and Afghanistan longer than virtually any other American. Now he’s trying to restart his life at home. | The Washington Post

Tuesday, March 15, 2016

Xavier’s Basketball Newsletter Leaves Program Without Secrets - The New York Times

Xavier’s Basketball Newsletter Leaves Program Without Secrets - The New York Times

A King in His Castle: How Donald Trump Lives, From His Longtime Butler - The New York Times

A King in His Castle: How Donald Trump Lives, From His Longtime Butler - The New York Times

C.D.C. Painkiller Guidelines Aim to Reduce Addiction Risk - The New York Times

C.D.C. Painkiller Guidelines Aim to Reduce Addiction Risk - The New York Times

Noahpinion: America is separating into peasants and scholar-gentry

Noahpinion: America is separating into peasants and scholar-gentry

Ackman letter on Valeant - Business Insider

Ackman letter on Valeant - Business Insider:



"We continue to believe that the value of the underlying business franchises that comprise Valeant are worth multiples of the current market price,"

How To Be Wrong As An Investor

How To Be Wrong As An Investor

Globalization and Growth - The New York Times

Adding more higher valued exports does not necessarily increase relative GDP



Globalization and Growth - The New York Times

Monday, March 14, 2016

Is the Econ Ph.D. a Free Lunch?, Bryan Caplan | EconLog | Library of Economics and Liberty

Is the Econ Ph.D. a Free Lunch?, Bryan Caplan | EconLog | Library of Economics and Liberty

Mental Games and Libor Blame - Bloomberg View

Matt  Levine knows  Warren Buffet. You are no  Warren Buffet:



Mental Games and Libor Blame - Bloomberg View



MR. BONDI: Okay. What kind of due diligence did you and your staff do when you first purchased Dun and Bradstreet in 1999 and then again in 2000? 
MR. BUFFETT: Yes. There is no staff. I make all the investment decisions, and I do all my own analysis. And basically it was an evaluation of both Dun and Bradstreet and Moody’s, but of the economics of their business. And I never met with anybody.
Dun and Bradstreet had a very good business, and Moody’s had an even better business. And basically, the single-most important decision in evaluating a business is pricing power. If you’ve got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you’ve got a terrible business. I’ve been in both, and I know the difference.
I think a lot about the advantages that investors get by meeting with management teams, and surely any management team would be happy to show Warren Buffett around. But, nah.  He reads the annual reports, thinks about the business, applies a folksy aphorism, and he's in, no meeting -- and certainly no investing staff -- required.

Ban Drug Ads on TV? Some Positive Outcomes Would Be Lost - The New York Times

Disagree. Seems to be very little  merit in ads. Like ads for financial advice.



Ban Drug Ads on TV? Some Positive Outcomes Would Be Lost - The New York Times

mainly macro: Does public investment have to pay for itself?

mainly macro: Does public investment have to pay for itself?

What Is a University For? - WSJ

What Is a University For? - WSJ

Sunday, March 13, 2016

Reverse Voxsplaining: Prison and Mental Illness | Slate Star Codex

Reverse Voxsplaining: Prison and Mental Illness | Slate Star Codex

How Donald Trump happened: Racism against Barack Obama.

How Donald Trump happened: Racism against Barack Obama.

Kids Prefer Cheese: Thank you Donald Trump

Kids Prefer Cheese: Thank you Donald Trump

EIA - Electricity Data

In 2015 the total US generation was 4,087,381 MW hours 
Coal generated 1,356,057 MW hours 
Gas Generated 1,335,068 MW hours 
Nuclear generated 797,178 MW hours 
Wind generated 190,927 MW hours 
Solar 38,614 MW hours. 
In other words, 
Coal 33% 
Gas 32.6% 
Nuclear 19.5% 
Wind 4.6% 
All Solar 0.9%. 
Yep, the 40% growth in 2015 really put solar on the top of the heap. If it keeps going at that rate, it might generate 1% of all the electricity in 3 or 4 years.



EIA - Electricity Data

Stocks For The Long Run?

Stocks For The Long Run?

Campaign 2016 is on a dangerous descent - The Washington Post

Campaign 2016 is on a dangerous descent - The Washington Post

The Republican Party Is Shattering - WSJ

GOP RIP



The Republican Party Is Shattering - WSJ

On the fight against HIV and AIDS—and on the people who really started the conversation. — Medium

On the fight against HIV and AIDS—and on the people who really started the conversation. — Medium

Thursday, March 10, 2016

An Economics Lab Where Theories Go to Die - Bloomberg View

An Economics Lab Where Theories Go to Die - Bloomberg View

Stop laughing, Democrats! As the GOP goes down in flames, your post-Bernie civil war is almost here - Salon.com

Stop laughing, Democrats! As the GOP goes down in flames, your post-Bernie civil war is almost here - Salon.com

Twilight of the neoconservatives - Vox

Twilight of the neoconservatives - Vox

ECB cuts rates to new low and expands QE — FT.com

ECB cuts rates to new low and expands QE — FT.com

Reflections On the End of the GOP | Skunk Works

Reflections On the End of the GOP | Skunk Works:



 The modern GOP as a political construct has principally been an alliance between two interest groups: urban economic elites and rural social conservatives. The reason the party is disintegrating is that it has over-delivered to the former, and completely failed the latter.

President Obama’s Interview With Jeffrey Goldberg on Syria and Foreign Policy - The Atlantic

President Obama’s Interview With Jeffrey Goldberg on Syria and Foreign Policy - The Atlantic