Our problem is not that we don’t have enough stuff — it’s that we don’t have enough ways for people to work and prove that they deserve this stuff. Douglas Rushkoff — Are Jobs Obsolete? via Daniel
Why S. & P.‘s Ratings Are Substandard and Porous. Fascinating read from Nate Silver about the S. & P. and the ways in which it’s broken as a means of investment guidance.
As we’ve made it easier for ideas to spread digitally, we’ve actually amplified the gap between free and paid. It turns out that there’s a huge cohort that’s just not going to pay for anything if they can possibly avoid it. Seth Godin — The game theory of discovery and the…
The Mill apartments, Ballisodare. Incredible photos of an abandoned apartment building. Each photo is contrasted with descriptions from the brochure pitching the place in 2006. (via Kevin Conboy)
Attention Economy. “If everyone has everyone’s attention the value of attention is nullified.” This is why we should save, invest, and be conscientious of the attention we give things.
Recession and homelessness: Et in Arcadia ego. Unemployment and poverty rates are rising the fastest in some unlikely places. It’s no longer cities like Detroit that are facing the largest jumps in unemployment.
Back to the Future. Peter Thiel believes education is the next bubble to pop and that college serves as a way to defer thinking about your life.
Cavaliers At Nets? Priceless (Almost). Want to treat 21 friends to an NBA game? Tonight’s game between the Cleveland Cavaliers and New Jersey Nets would have set you back a whole $2.42…for 22 tickets! (via Dave Winer)
You’ll want Instapaper for the full article, but this comes from a lengthy piece about the economy, globalization, and market trends at The Hoover Institute. Those investors who limit themselves to what seems normal and reasonable in light of human history are unprepared for the age of miracle and wonder…