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Scott Nielson
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Scott Nielson

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Google Fiber is considering expanding in Utah. This is fantastic news (even though I don't actually live in Salt Lake City).

http://googlefiberblog.blogspot.com/
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This is awesome news! The most important thing this country needs right now is good central bankers and this guy is one of the best. 

http://www.businessinsider.com/heres-why-people-are-so-excited-about-stanley-fischer-2013-12
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He and Yellen are being called the Fed Dream Team. Hope that's true. 
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This is great
 
Jeez! I got like 8 of these verbatim in my novel! I'm going to have to reword them on the rewrite.

#writing  
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The decline in poverty is good news.

"The amazing decline in American poverty" http://feedproxy.google.com/~r/Themoneyillusion/~3/sw3fwQsl3eA/
But perhaps their most striking result uses data on consumption, rather than data on income, to calculate the change in poverty rates over time. Consumption data comes from a different national survey than does income data (the Current Expenditure Survey rather than the Current Population ...
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I might try it on one of my tents.
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Read the piece by Krugman, then read Steve Landsburg's response (all helpfully linked by Mankiw). This is pretty much standard operating procedure for Krugman. Oh, and you will never EVER hear Krugman acknowledge his mistake. 
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A good rule of thumb: Whatever Krugman says is typically 180 degrees off the truth. 
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Scott Nielson

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So I'm scrolling through my financial feeds today and come across this:
http://www.businessinsider.com/institutional-investors-loving-hedge-funds-2013-12

I'm stunned because all year I've been reading this:
http://www.bloomberg.com/news/2013-12-06/hedge-funds-trail-stocks-by-the-widest-margin-since-2005.html

Why would anyone be happy paying 2 and 20 to make less (A LOT LESS!) than a low cost, highly liquid, ETF, S&P 500 index fund (SPY)? And not just this year, but year after year after year.

If I invested in a hedge fund, I would NOT be happy. What am I paying these guys for? To make sure I consistently lag the overall index?

I've got an idea. I'll start a hedge fund called "U.S. stocks macro opportunities fund," charge 2 and 20, and secretly invest all the money in SPY. I will consistently beat the pants off all the other hedge funds and get filthy rich doing it.
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I've noticed Fidelity advisors offer me investments (usually mutual funds) that earn them the highest commissions with the expectation of a reasonable return, with more weight on the former. Not real comfortable that they are fully committed to maximizing my returns.
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This is an interesting idea.

"How The "1%" Will Escape" http://feedly.com/k/18cOgzl
It seems only apropos the current exuberance that, having been put on hold due to the economic crisis, an ambitious project to build the world's biggest ship and create "a community that offers unique lifestyle opportunities" is back on track and seeking investors. With calls for wealth taxes increasing and "the 1%" becoming increasingly separate from the rest of the world, what better way that the ironically named "Freedom Ship," which as IBTime...
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The more stories I hear like this, the more likely I think it is that Obamacare will collapse.

http://peterlbrandt.com/personal-horror-story-week-navigating-catastrophe-called-obamacare/
  Every horror story you have heard on the news is TRUE — Obamacare is an aboslute disaster   Obama: “If you like your health …
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Yup, that's right.
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I would love to read that. It will go on my list!
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My brother Jake is the guy behind The Innovative Manager. If you have any interest in innovation, I think you will find his posts interesting. Even if you don't care about innovation, I think many of you will find his posts interesting.
Tools, ideas and frameworks for innovative managers
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Thanks Scott! In about a week and a half I'm going to officially blow open the doors on the upcoming website (www.theinnovativemanager.com) as well and start providing in-depth posts on the latest tools for innovators and entrepreneurs. It's fun for me to do this and I hope others enjoy the content as well. 
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Scott Nielson

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Scott Sumner's take on Utah. It's pretty good ... and I think he is right (like usual).
A few years back a paper by Algan and Cahuc argued that Denmark's “flexicurity” labor market (ease of hiring and firing combined with very generous social insurance) only worked because the Danes were so darn honest. When asked; “is it acceptable to take government benefits to which you are not ...
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Have him in circles
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Marie Notis's profile photo
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