Obama finds some reason.
Obama Will Seek Congressional Vote on Syria - NYTimes.com
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Saturday, August 31, 2013
Friday, August 30, 2013
Everbright fined as probe finds group exploited market spike - FT.com
This is how securities market regulation should work. Compare this to action taken against GS in US.
Everbright fined as probe finds group exploited market spike - FT.com
Everbright fined as probe finds group exploited market spike - FT.com
China Regulator Fines Everbright Securities for Trading Error - WSJ.com
How China deals with trading errors.
China Regulator Fines Everbright Securities for Trading Error - WSJ.com
China Regulator Fines Everbright Securities for Trading Error - WSJ.com
Thursday, August 29, 2013
The risk of taking on Syria - latimes.com
The risk is high, potential gains a minimal. What is Obama thinking?
The risk of taking on Syria - latimes.com
The risk of taking on Syria - latimes.com
Donald Rumsfeld is against attacking Syria
U.S. Facing Test on Data to Back Action on Syria - NYTimes.com:
Donald Rumsfeld, who was defense secretary at the time, said Wednesday that “there really hasn’t been any indication from the administration as to what our national interest is with respect to this particular situation.”
Donald Rumsfeld, who was defense secretary at the time, said Wednesday that “there really hasn’t been any indication from the administration as to what our national interest is with respect to this particular situation.”
Wednesday, August 28, 2013
Tommy Haas video: What we can learn about sports psychology by watching a German tennis star berate himself. - Slate Magazine
"Ellis’s list illustrates many of the dysfunctional cognitive patterns in athletes, psychotherapy patients, and really everyone. These include catastrophizing (“If I lose, it will end my career”), basing self-worth on achievement (“If I don’t win, I’m not a real man”), personalization (“my missed free throw caused the team to lose”), blaming (“his missed free throw caused the team to lose”), black-and-white thinking (“I’m a loser.” “He’s unbeatable.”), and generalizations (“I always choke when I go for that passing shot.”)"
Tommy Haas video: What we can learn about sports psychology by watching a German tennis star berate himself. - Slate Magazine
Tommy Haas video: What we can learn about sports psychology by watching a German tennis star berate himself. - Slate Magazine
Tuesday, August 27, 2013
Experts Point To Long, Glorious History Of Successful U.S. Bombing Campaigns | The Onion - America's Finest News Source
Bombing didn't work in Korean War, arguably failed against Germany, leaving Japan as the only "success" story.
Experts Point To Long, Glorious History Of Successful U.S. Bombing Campaigns | The Onion - America's Finest News Source
Experts Point To Long, Glorious History Of Successful U.S. Bombing Campaigns | The Onion - America's Finest News Source
At Charter Schools, Short Careers by Choice - NYTimes.com
The problem with charter schools. Great experience for the teachers, maybe. Not so good for kids.
In what other fields would you trust someone with two years of experience a job with a lot of responsibility?
At Charter Schools, Short Careers by Choice - NYTimes.com
In what other fields would you trust someone with two years of experience a job with a lot of responsibility?
At Charter Schools, Short Careers by Choice - NYTimes.com
Monday, August 26, 2013
How Technology Wrecks the Middle Class - NYTimes.com
No. No. No. Productivity growth is a good thing and has the potential to help the middle class. It is much more about the structure of corporations and the relative strength of management and labor that has caused the growth of inequality.
How Technology Wrecks the Middle Class - NYTimes.com
How Technology Wrecks the Middle Class - NYTimes.com
Sunday, August 25, 2013
Jeff Bezos' Newspaper Runs Joke Front Page Story on Deficit | Beat the Press
Newspapers are generally innumerate.
Jeff Bezos' Newspaper Runs Joke Front Page Story on Deficit | Beat the Press
Jeff Bezos' Newspaper Runs Joke Front Page Story on Deficit | Beat the Press
Friday, August 23, 2013
Thursday, August 22, 2013
Meatpacking Plant Offers Clues to the Impact of Immigration on Jobs - WSJ.com
Meatpacking Plant Offers Clues to the Impact of Immigration on Jobs - WSJ.com:
Any article about how hard it is to find workers with this phrase in it should be ignored:
"One thing JBS didn't do was to sharply raise pay"
The problem with US manufacturing: higher productivity and lower worker pay. It doesn't have to be that way.
"Still, wages have fallen in meatpacking plants over time, as plants relocated to rural areas, unions weakened and jobs grew more mechanized. Production workers in meatpacking earned more than $13 an hour in June. In the 1980s, the pay was more than $19 an hour, adjusted for inflation."
Any article about how hard it is to find workers with this phrase in it should be ignored:
"One thing JBS didn't do was to sharply raise pay"
The problem with US manufacturing: higher productivity and lower worker pay. It doesn't have to be that way.
"Still, wages have fallen in meatpacking plants over time, as plants relocated to rural areas, unions weakened and jobs grew more mechanized. Production workers in meatpacking earned more than $13 an hour in June. In the 1980s, the pay was more than $19 an hour, adjusted for inflation."
Labor shortage or surplus?
#End
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Wednesday, August 21, 2013
How the Coffee Cup Sleeve Was Invented | Design Decoded
How the Coffee Cup Sleeve Was Invented | Design Decoded:
“I think we’re just on this train until the tracks come to an end,” Sorensen says.
“I think we’re just on this train until the tracks come to an end,” Sorensen says.
Tuesday, August 20, 2013
Empty Prison in Chelsea Is Now a Valuable Piece of Real Estate - NYTimes.com
Empty Prison in Chelsea Is Now a Valuable Piece of Real Estate - NYTimes.com:
Exactly what the state should do.
“There is concern in the community that the property will be sold to the highest bidder"
Exactly what the state should do.
“There is concern in the community that the property will be sold to the highest bidder"
Monday, August 19, 2013
Sunday, August 18, 2013
Jamaica Fights to Break Grip of Violent Past - NYTimes.com
Good news on Jamaica
Jamaica Fights to Break Grip of Violent Past - NYTimes.com:
Not a bad idea for the US. We should do this with our politicians. Results would shock.
"Forensic audits became required annually, for senior officials and beat officers alike. And laws have been toughened so that those found with suspicious windfalls must prove how they obtained the money or else be fired or prosecuted."
Jamaica Fights to Break Grip of Violent Past - NYTimes.com:
Not a bad idea for the US. We should do this with our politicians. Results would shock.
"Forensic audits became required annually, for senior officials and beat officers alike. And laws have been toughened so that those found with suspicious windfalls must prove how they obtained the money or else be fired or prosecuted."
Saturday, August 17, 2013
Money and Power Corrupt
#End
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Mark O'Friel
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Friday, August 16, 2013
Thursday, August 15, 2013
Wednesday, August 14, 2013
Dalio Patched All Weather’s Rate Risk as U.S. Bonds Fell - Bloomberg
Dalio Patched All Weather’s Rate Risk as U.S. Bonds Fell - Bloomberg:
So how did they lose 8.4 percent in three months?
"The passively run All Weather, which doesn’t make directional bets on or against markets, has grown faster in recent years, quadrupling to about $80 billion in assets since the end of 2009."
So how did they lose 8.4 percent in three months?
"The passively run All Weather, which doesn’t make directional bets on or against markets, has grown faster in recent years, quadrupling to about $80 billion in assets since the end of 2009."
Tuesday, August 13, 2013
A photojournalist’s unrestricted access to the Ku Klux Klan (PHOTOS).
Evidence that there might be different species of men.
Anthony S. Karen: A photojournalist’s unrestricted access to the Ku Klux Klan (PHOTOS).
Anthony S. Karen: A photojournalist’s unrestricted access to the Ku Klux Klan (PHOTOS).
Merchants of Meth: How Big Pharma Keeps the Cooks in Business | Mother Jones
Big Pharma contributes to the drug war.
Merchants of Meth: How Big Pharma Keeps the Cooks in Business | Mother Jones
Merchants of Meth: How Big Pharma Keeps the Cooks in Business | Mother Jones
Monday, August 12, 2013
Bill Ackman, Dan Loeb, Carl Icahn, and Herbalife: The Big Short War | Vanity Fair
Bill Ackman, Dan Loeb, Carl Icahn, and Herbalife: The Big Short War | Vanity Fair:
As the old Wall Street saw goes, “he who sells what isn’t his’n must buy it back or go to pris’n.
As the old Wall Street saw goes, “he who sells what isn’t his’n must buy it back or go to pris’n.
Sunday, August 11, 2013
In rural Maine, rise of the machines pushes out migrant pickers | Reuters
The direction of US agriculture. Corn and soybeans mechanized decades ago. Machines will move into the more delicate fruits and vegetables. This will make much of the immigration debate moot.
In rural Maine, rise of the machines pushes out migrant pickers | Reuters
In rural Maine, rise of the machines pushes out migrant pickers | Reuters
Saturday, August 10, 2013
Friday, August 09, 2013
Thursday, August 08, 2013
SEC Wants J.P. Morgan to Admit Wrongdoing in Any 'London Whale' Settlement - WSJ.com
This is another sign of a new strategy at the SEC. Companies can no longer get away with just a fine.
SEC Wants J.P. Morgan to Admit Wrongdoing in Any 'London Whale' Settlement - WSJ.com
SEC Wants J.P. Morgan to Admit Wrongdoing in Any 'London Whale' Settlement - WSJ.com
Buying American
An old article. I wonder how much things have changed. And how many of the US companies are still in business.
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Mark O'Friel
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Wednesday, August 07, 2013
Saturday, August 03, 2013
Mish's Global Economic Trend Analysis: Farm Robots to Make Migrant Worker Vegetable Pickers Obsolete; Welcome the "Lettuce Bot", the "Grape Bot", the "Strawberry Bot"
Two Predictions
Mish's Global Economic Trend Analysis: Farm Robots to Make Migrant Worker Vegetable Pickers Obsolete; Welcome the "Lettuce Bot", the "Grape Bot", the "Strawberry Bot"
- Technology will improve much faster than currently estimated
- By the time Congress addresses the illegal immigrant problem, the nature of the problem will have radically changed
Mish's Global Economic Trend Analysis: Farm Robots to Make Migrant Worker Vegetable Pickers Obsolete; Welcome the "Lettuce Bot", the "Grape Bot", the "Strawberry Bot"