--Claire Messud, talking about anger, the books she loves, and oh, yeah, her latest, The Woman Upstairs.
“It is hard to discern the oak in the acorn, or a temple like St. Paul's in the first stone which is laid . . .”
― Marilyn Monroe
17 Oligarchs Who Are Shaping Eastern Europe OstPol. They seem nice
Power Failure: How utilities across the U.S. changed the rules to make big bets with your money Post and Courier
Bitcoin on track to topple global economy in five months Macrobusiness. Useful aggregation. “If something cannot go on forever, it will stop.”
Sustainable Investment
In Bashman news from Australia: Josh Blackman may no longer be in Australia, but in his wake some Bashman news has arisen.
Taylah Strano of 97.3 Coast FM in Mandurah, Western Australia reports that "Fake Police bash man near Pinjarra."
Is Email Broken? November 30, 2017 – “Ways to communicate now with clients and collegues have grown tremendously since the days of just using the telephone, faxing a letter and even Emailing. If Email no longer gets the job done, what are our alternatives? Our Panelists Dennis Kennedy (DK), Steve Embry (SE), William Goren (WG), Brooke Moore (BM), and Robert Young (RY).”
How to Deal With Colleagues Who Deny Reality | Psychology Today
On Jerusalem: Denying Reality & The Absence Of 'Palestine'
Law on the Market? Abnormal Stock Returns and Supreme Court Decision-Making. Daniel Martin Katz, Michael J. Bommarito II, Tyler Soellinger, James Ming Chen. Illinois Institute of Technology – Chicago Kent College of Law, CodeX – The Stanford Center for Legal Informatics. Michigan State University College of Law. May 16, 2017.
“What happens when the Supreme Court of the United States decides a case impacting one or more publicly-traded firms? While many have observed anecdotal evidence linking decisions or oral arguments to abnormal stock returns, few have rigorously or systematically investigated the behavior of equities around Supreme Court actions. In this research, we present the first comprehensive, longitudinal study on the topic, spanning over 15 years and hundreds of cases and firms. Using both intra- and interday data around decisions and oral arguments, we evaluate the frequency and magnitude of statistically-significant abnormal return events after Supreme Court action. On a per-term basis, we find 5.3 cases and 7.8 stocks that exhibit abnormal returns after decision. In total, across the cases we examined, we find 79 out of the 211 cases (37%) exhibit an average abnormal return of 4.4% over a two-session window with an average |t|-statistic of 2.9. Finally, we observe that abnormal returns following Supreme Court decisions materialize over the span of hours and days, not minutes, yielding strong implications for market efficiency in this context. While we cannot causally separate substantive legal impact from mere revision of beliefs, we do find strong evidence that there is indeed a “law on the market” effect as measured by the frequency of abnormal return events, and that these abnormal returns are not immediately incorporated into prices.”
Trump’s campaign: Big Macs, screaming fits and constant rivalries.
“Sooner or later, everybody who works for Donald Trump will see a side of him that makes you wonder why you took a job with him in the first place"
Soul of a Woman
“What happens when the Supreme Court of the United States decides a case impacting one or more publicly-traded firms? While many have observed anecdotal evidence linking decisions or oral arguments to abnormal stock returns, few have rigorously or systematically investigated the behavior of equities around Supreme Court actions. In this research, we present the first comprehensive, longitudinal study on the topic, spanning over 15 years and hundreds of cases and firms. Using both intra- and interday data around decisions and oral arguments, we evaluate the frequency and magnitude of statistically-significant abnormal return events after Supreme Court action. On a per-term basis, we find 5.3 cases and 7.8 stocks that exhibit abnormal returns after decision. In total, across the cases we examined, we find 79 out of the 211 cases (37%) exhibit an average abnormal return of 4.4% over a two-session window with an average |t|-statistic of 2.9. Finally, we observe that abnormal returns following Supreme Court decisions materialize over the span of hours and days, not minutes, yielding strong implications for market efficiency in this context. While we cannot causally separate substantive legal impact from mere revision of beliefs, we do find strong evidence that there is indeed a “law on the market” effect as measured by the frequency of abnormal return events, and that these abnormal returns are not immediately incorporated into prices.”
Trump’s campaign: Big Macs, screaming fits and constant rivalries.
“Sooner or later, everybody who works for Donald Trump will see a side of him that makes you wonder why you took a job with him in the first place"
The ‘Psychedelic Dream Homes’ Of El Alto, Bolivia…
A Times 360 video tour of the exuberant architecture of Freddy Mamani Silvestre, a Bolivian architect whose house designs for the world's highest city (El Alto, at 14,000 feet, sits on a plateau above La Paz) incorporate visual motifs and colors from the indigenous Aymara culture. … [Read More]
Soul of a Woman
