Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on the decline in the number of top graduates going to work on Wall Street …….. and the last article is about a Duke University study that identified elevated radiation levels in Pennsylvania attributed to fracking.
- Wall Street Is Losing the Best and Brightest (Terry Duffy, The Wall Street Journal, 29 September 2013) In 2008 Harvard sent 28% of its graduates to financial firms and Yale 26%. By 2010 the numbers had fallen to 17% and 14%, respectively.
- Was tulip mania irrational? (C.W. and A.J.K.D., The Economist)
- Fama Says Markets Were ‘Demonstrably Efficient’ in 2008-09 (Financial Advisor) Fama can only make the argument for efficiency if he takes a long enough timeline. The markets were demonstrably inefficient over periods of many months and several quarters when historic correlations broke down.
- The Top Ten Most Gerrymandered Congressional Districts in the United States (Zombie, PJ Media) The gerrymander below (North Carolina District 12) came in as tenth worst.
- 3 ways Twitter’s IPO won’t be like Facebook’s (Joshua Morgan Brown, Fortune, CNN Money) Read five reasons by David Zeiler at GEI Investing.
- Angela Merkel’s Pyrrhic Victory (George Soros, Project Syndicate)
- Why Hasn’t the Budget Deficit Decline Hurt Corporate Profits More? (Cullen Roche, Pragmatic Capitalism) It is a sign of a healthier economy.
- Extinct tree grows anew from ancient jar of seeds unearthed by archaeologists (Stephen Messenger, treehugger) Hat tip to Russell Huntley.
- 10 surprising economic trends that rule the world (Noah Smith, The Atlantic)
- Duke Study: Fracking Is Leaving Radioactive Pollution In Pennsylvania Rivers (Harrison Jacobs, Business Insider)
