What We Read Today 03 August 2014

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary “reading list” which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number included.

• One dead, 20 hospitalized from apparent overdoses at Maryland concert (Brendan O’Brien, Reuters) A North Carolina man died and 20 people were hospitalized due to apparent drug overdoses during a pop and dance music festival in Maryland, authorities said on Saturday. The event was traveling concert series known as the Mad Decent Block Party held Saturday 02 August at Columbia, MD, about 20 miles west of Baltimore.

• Guest post by Tara Haelle: If a 12-year-old’s “breakthrough” sounds too good to be true… (Paul Raeburn, Knight Science Journalism at MIT) We listed this story in WWRT discussion some time ago. It concerns a sixth grade science project that was purported to have discovered that lion fish can live in fresh water. It now turns out that the research was not original and, even worse, the students father co-authored a paper that published the research in 2011. A sad story and even sadder that a 12-year old was probably an innocent victim in the matter but may have a lasting “regret” to stay with her for years.

• Disappointing U.S. Jobs Data Fuels EUR/USD Short-covering Rally (James Hyerczyk, FX Empire) The seventh 200,000 plus non-farm payrolls jobs add is no longer considered good enough to satisfy the Fed’s objectives for economic growth. So far this year more than 1.5 million jobs added but that’s not strong enough? Go figure.

• Scientists: Rich People, Poor People May Have Shared Common Ancestor (The Onion) Long time readers of GEI know that we follow anthropology research developments and discoveries but perhaps none is as unbelievable as this one:

According to a study released this week by geneticists at Cornell University, substantial evidence indicates that rich people and poor people-disparate populations long thought to be entirely unrelated-may have once shared a single common ancestor. “After conducting careful DNA analysis, our research team was taken aback to discover that the wealthy and the working class actually have a considerable number of genetic similarities.”                  – Study co-author Kenneth Chang

There are 14 articles discussed today ‘behind the wall’.

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