The Links:
Paul Krugman doubts knowledge is power. Mostly, he is pointing out that the smart people rarely end up in power or influence those in power. Which lets me use this obligatory image:
But, Krugman's intro to economics textbook fails his own test!
Similarly, Menzie Chinn follows up her post with a quick look at anti-intellectualism in the blogosphere. I love that she's calling out one of her commenters. If the guy doesn't know why you'd use log in a graph, he's not worth responding to. I also don't agree that he's not a troll.
Since we're on the subject, trolls killed the conservative version of Facebook, Reaganbook, pretty much by using pornography and face avatars. Although I doubt the people behind it took adequate precautions to provide a good service. Probably just another stab at the sweet redneck money.
So, if you're a conservative who needs to find a friendly place on the internet, take a logo at Gizmodo's roundup of 7 conservative alternatives to the internet's most popular sites.
In Scary News, the US patient infected with ebola will be coming to Atlanta. While terrifying, it's probably a good opportunity to study the virus in an advanced clinical setting with lots of resources at hand.
Five-thirty-eight urges caution at celebrating the drop in long term unemployed workers that's likely to appear in today's employment report. The number appears to be declining because people are simply dropping out of the workforce altogether and are no longer counted in the employment statistics.
Comparing the US's middle class to that of China. A Tale of Two Middle Classes
Capitalizing on Congress: Informed Trading by Hedge Fund Managers. Yes, it's as corrupt as you'd expect.
This paper examines the hypothesis that hedge fund managers gain an informational advantage in securities trading through their connections with lobbyists. Using datasets on the long-equity holdings and lobbyist connections of hedge funds from 1998 to 2012, we show that hedge funds outperform by 63 to 87 basis points per month on their political holdings when they are connected to lobbyists. Furthermore, the political outperformance of connected funds decreased significantly after the STOCK Act was signed into law. Our study provides evidence on the transmission of private political information in the financial markets and on the value of such information to financial market participants.At Vox, Libby Nelson tries to figure out how most Americans pay for college. Apparently low income families think the burden should fall on the student while high income families think the burden should fall on the parents. About 30% of the money comes from grants and scholarships and another 30% comes from parents. I would like to know more about the kinds of grants and scholarships as well as the SES of the recipients.
Storyline returns to West Virginia to see if last winter's chemical spill has had effects on Whitewater rafting. Yes. It has.
You know, I use a PS2 (the old style) keyboard. Mostly because sometimes I need it for old BIOSes that don't automatically recognize USB inputs. Apparently it keeps me safe from spyware too! Still, it's bad when pretty much the entire universe uses a standard like USB and that standard is compromised.
NPR takes a dive into curated consumption. I'll have to check this out.
And a review of Child of God. I hear the book is better.
Lastly, David Simon is making a new series about the youngest mayor in US history,
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