Friday, May 9, 2014

Fw: The Big Picture

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From: Barry Ritholtz <newsletter.ritholtz@gmail.com>
Sender: "Barry Ritholtz" <newsletter.ritholtz=gmail.com@mail346.us3.mcdlv.net>
Date: Fri, 9 May 2014 22:52:54 +0000
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ReplyTo: Barry Ritholtz <newsletter.ritholtz@gmail.com>
Subject: The Big Picture

The latest from The Big Picture
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The Big Picture

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

In the 05/09/2014 edition:

Excerpts:

Succinct Summations of Week's Events 5.9.14

Succinct Summations of the week ending 5.9.14:   Positives: 1. Despite some trouble in select areas of the market, the Dow made new all-time highs this week. 2. Initial jobless claims came in at 319k, less than expected and down from last week. 3. Total exports increased 2.1% m/o/m in March, up from a 1.3%...Read More
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How Millionaires Want Fix Inequality


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American Tax Burden to Other Developed Nations

Source: Yahoo Finance
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HGTV Won't Flip My Big Gay House . . .

Once upon a time, there was a group of folks known as home flippers. They bought houses that needed some TLC, fixed them up, then sold them for a profit. The real-estate equivalent of day traders, they mostly went extinct during the housing crash. Except on television. Please bear with me as I somehow try...Read More
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10 Friday AM Reads

You’ve reached Friday.  You may now rejoice! • Adaptive Genius of Rigged Markets (Salient Partners) • As the Fed Tapers Its Treasury Purchases, Other Central Banks Step In (Institutional Investor) • Hedge funds, fortunes and merit (FT Alphaville) • Documents contradict Blackstone CEO’s boasts about high-fee alternative investments (Pando Daily) see also Docs obtained by Pando show...Read More
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Guest Hosting: Bloomberg Radio 8-10 am

> I am back again for another bout with Tom: If you are anywhere near a radio this mornings, I will be the guest hosting "Bloomberg Surveillance" with Tom Keene from 8:00 – 10 am. You can catch it live, or via podcast at Bloomberg or at iTunes. Always lots of fun . . .
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2014 BMW i8: High Performance Plug-in Hybrid

This scissor-doored beastie is enough to make a man want to give up internal combustion engines. Here is the L.A Times: The 2014 BMW i8 plug-in hybrid and the all-electric i3 are the first offerings from the automaker’s new i subbrand. Equal parts sex appeal and efficiency, the cars combine electrification with lightweight construction and...Read More
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Spreading Sunshine in Private Equity

Spreading Sunshine in Private Equity Andrew J. Bowden, Director, Office of Compliance Inspections and Examinations Private Equity International (PEI), Private Fund Compliance Forum 2014 New York, NY May 6, 2014   Andrew J. Bowden is the Securities and Exchange Commission's Director of Office of Compliance Inspections and Examinations (OCIE) and will lead its National Exam...Read More
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Big Banks = Key Players In the Drug Trade

Big Banks Started Laundering Massive Sums of Drug Money In the 1980s … And Are Still Doing It Today. It has become mainstream news that at least some of the big banks are  laundering staggering sums of drug money.  See this, this, this, this, this, this and and this. But you may not know the...Read More
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xkcd: Randall Munroe asks "what if?"

Web cartoonist Randall Munroe answers simple what-if questions (“what if you hit a baseball moving at the speed of light?”) using math, physics, logic and deadpan humor. In this charming talk, a reader's question about Google’s data warehouse leads Munroe down a circuitous path to a hilariously over-detailed answer — in which, shhh, you might...Read More
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Fw: Forget Those Big Headphones. Apple Could Turn Beats Into a Streaming Kingpin

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From: "Businessweek Daily" <Businessweek_Daily@newsletters.businessweek.com>
Date: Fri, 09 May 2014 17:43:00 -0400
To: Robert E Sefcik<mainandwall@comcast.net>
ReplyTo: "Bloomberg Businessweek" <wdsk.bwcom@bloomberg.net>
Subject: Forget Those Big Headphones. Apple Could Turn Beats Into a Streaming Kingpin

The United States of Dark Leafy Greens

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Forget Those Big Headphones. Apple Could Turn Beats Into a Streaming Kingpin

Buying the music service also gives Apple an alternative to the increasingly old-fashioned iTunes. Ironic, writes Devin Leonard, considering that Beats founders Dr. Dre and Jimmy Iovine were early iTunes enthusiasts. And is it possible that Beats could fetch more than $3.2 billion?

How Seattle Agreed to a $15 Minimum Wage Without a Fight

Mayor Ed Murray told business leaders, union bosses and community advocates to figure out how to raise the minimum wage-or else.

Big Pharma's Favorite Prescription: Higher Prices

Since October 2007, prices have doubled for dozens of established drugs. Also in Health Care Is Expensive: New Obamacare enrollees might have sticker shock. (The price of drugs for that has doubled too.)

Boom Times for Farmers in the United States of Kale

Kale production is up 60 percent since 2007, but it still can't hold a floret to broccoli.

Toyota's Hottest Car Is a Subaru

The Japanese company owns 16.5 percent of Subaru, which has seen global sales grow 21 percent for the 12 months ending in March.

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From Condé Nast Traveler this Week

How Google Earth Led to the Discovery of a Long-Lost Forest
Amazing Drone Video of NYC From Above
Airline Rolls out New "Flying Apartments"
Apps That Make You Feel Like a Local Anywhere

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Thursday, May 8, 2014

Fw: Popular on FT.com

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From: Financial Times readers' group <groups-noreply@linkedin.com>
Date: Thu, 8 May 2014 16:35:58 +0000 (UTC)
To: Bob Sefcik<mainandwall@gmail.com>
Subject: Popular on FT.com

LinkedIn Groups

  • Group: Financial Times readers' group
  • Subject: Popular on FT.com

Here is a round up of the most popular articles on FT.com this week:

Wipe out rentiers with cheap money, by Martin Wolf
http://on.ft.com/1nrJkMS

Switzerland pledges to lift veil on tax secrecy, by Vanessa Houlder
http://on.ft.com/1uFCdVs

The NBA's racism drama is more about money than morals, by Christopher Caldwell
http://on.ft.com/1fYVw85

Uncertainty, not China, is replacing US power, by Edward Luce
http://on.ft.com/1kOPEvm

Eurosceptics: Beyond the fringe, by Kiran Stacey and Jim Pickard
http://on.ft.com/1irAmOI

We recently launched author alerts - allowing you to get a daily update from your favourite FT columnists direct to your inbox. Details here:
http://on.ft.com/1gerw19

Best

Edward Maughan
FT readers' group manager

Posted By Edward Maughan

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This email was intended for Bob Sefcik (President, Main & Wall Financial). Learn why we included this. © 2014, LinkedIn Corporation. 2029 Stierlin Ct. Mountain View, CA 94043, USA
 

Fw: Don't let your brain miss out: last day to save 30%

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From: Lumosity <newsletter@email.lumosity.com>
Date: Thu, 8 May 2014 10:47:06 +0000 (GMT)
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Subject: Don't let your brain miss out: last day to save 30%

How mindfulness training can impact your brain, according to this study:...
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Mindfulness meditation helps control response to sadness
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Scientists at the University of Toronto may have found a training method to help people control their responses to sadness, according to a 2010 study from the journal Emotion. fMRI brain scans revealed that people who used this mindfulness training responded differently at a neural level — another instance of how the brain’s neuroplasticity can be harnessed positively.
Mindfulness training: why it could work
A number of past studies have found that the more metacognitive awareness people have of their emotional states, the better they can control those emotions. Metacognition is the ability to think about your own thinking — to step back and realize when you’re being angry, or upset, or overjoyed, and to rationally consider your own mental state.

Given this knowledge, these University of Toronto researchers hypothesized that mindfulness training might help people regulate their responses to negative emotions without compromising the full experience of that emotion. Mindfulness isn’t about suppressing emotional pain; it teaches the calm acceptance of any negative sensations and positive ones, recognizing these as perfectly normal fluctuations.

In the past, mindfulness training has also been effective for patients suffering from physical pain — a promising finding, given that physical and emotional pain have shared roots in the brain.
8-weeks of mindfulness training to help reduce stress
Researchers recruited 36 participants already enrolled in a stress-reduction program at a Toronto health center. These participants answered 3 questionnaires about their levels of depression, anxiety, and other symptoms. Scores revealed that participants were moderately depressed — unsurprising given their enrollment in the stress-reduction program.

Half of the participants were put in the control group, where they went through their standard stress-reduction program at the health center for the next 8 weeks.

The other participants went through additional in-person mindfulness training taught through lying, sitting, walking, eating, or yoga. On their own time, these trainees were also given computer-based mindfulness “homework” that instructed them to pay attention to their feelings and bodily sensations. All mindfulness training encouraged them to cultivate an acceptance of all experiences, facing difficulties and discomfort face-on by developing their metacognitive awareness.

Several times over these 8 weeks, both the control and training groups were called in for emotional evaluations. They lay in an fMRI brain scanner and watched either neutral or sad film clips. Afterwards, they rated how sad they felt in response to what they’d just watched.
Mindfulness training changes symptoms and brain patterns
After 8 weeks, all participants answered the same 3 questionnaires from the beginning of the study. Mindfulness trainees reported feeling significantly less depressed. What’s more, fMRI brains scans supported these findings: mindfulness trainees exhibited different brain activity than the control group when watching sad films. Training seemed to have changed how their brains expressed sadness.

But crucially, both the control and training groups rated the films they watched as equally sad. Training didn’t seem to desensitize participants to emotional pain; they were simply better at maintaining their mental composure afterwards.

This study opens the door to some exciting new uses for mindfulness training that bear further research. Emotional control, depression, and anxiety are conditions that millions of people experience, and mindfulness may represent a simple intervention method that preserves the full range of emotional experience. While we watch the study of mindfulness develop, you can always try adopting the practice of acceptance and awareness into your own life.
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Fw: Gundlach: Golden Age of Housing Is Over

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Date: Thu, 08 May 2014 08:00:00 -0400
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Subject: Gundlach: Golden Age of Housing Is Over

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MORNING BRIEFING

May 8, 2014
Gundlach: Golden Age of Housing Is Over

CEO Jeffrey Gundlach of DoubleLine says the fundamentals of the housing market are weak and that the recession has scarred a generation of home buyers. Read more

Top 10 Richest Prep Schools for 2014: Biggest Endowments

The Andovers and Exeters of the world use huge funds to pay for operations and tuition. Read more

 

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