Newsletter 384

[5]Down To The Wire
Links:
5. http://b.rw/r6d163

Howard Marks | Oaktree Capital | 22 July 2011

Exceptional, politically impartial, backgrounder on current debt crisis for
anyone still feeling remotely confused. Clear analysis of how we reached
present situation, what the true risks are and which outcomes are most
likely [6]Comments
Links:
6. http://thebrowser.com/articles/down-wire

[7]Harmony Of Means And Ends
Links:
7. http://b.rw/mQ5V3P

Cosima Shalizi | Three-Toed Sloth | 25 July 2011

Closely-argued piece set in small type, so by no means an easy read. But
full of brilliant points. Argues that we all have common interests in making
society work, but these are weaker than the class-interests of the very rich
[8]Comments
Links:
8. http://thebrowser.com/articles/harmony-means-and-ends

[9]A Body Fit For A Freaky-Big Brain
Links:
9. http://b.rw/nY77vd

Carl Zimmer | Discover | 26 July 2011

"If big brains are so useful, then why are they relatively rare?"
Fascinating tour of the scientific research that addresses this complex
question and reveals how human biology had to reorganise itself to cope with
larger brains [10]Comments
Links:
10. http://thebrowser.com/articles/body-fit-freaky-big-brain

[11]The Luxury Frontier
Links:
11. http://b.rw/ocb4VC

Maureen Orth | WSJ | 23 July 2011

A trip to Mongolia reveals a nation undergoing a surprising metamorphosis.
Mineral reserves are driving an economic boom. Ulan Bator is now home to
Armani, Louis Vitton and Burberry. But rapid change brings its challenges
too [12]Comments
Links:
12. http://thebrowser.com/articles/luxury-frontier

[13]Rediscovering Machu Picchu
Links:
13. http://b.rw/rdBXd5

Hiram Bingham | National Geographic | 10 March 2011

Hiram Bingham's original report on rediscovery of Machu Picchu on July 24th,
1911. A great adventure described in the language of the day: "He turned out
to be an Indian rather better than the average, but overfond of 'firewater'"
[14]Comments
Links:
14. http://thebrowser.com/articles/rediscovering-machu-picchu

[15]Did Global Imbalances Cause The Financial Crisis?
Links:
15. http://b.rw/nd4hC7

Claudio Borio & Piti Disyatat | Vox | 26 July 2011

On this reading, no. Technical analysis concludes "the trigger for the
crisis, as well as the channel for its propagation, was not a disorderly
unwinding of global imbalances, but dislocations in the chain of global
intermediation" [16]Comments
Links:
16. http://thebrowser.com/articles/did-global-imbalances-cause-financial-crisis

FiveBooks Interview

[17]Dan Ariely on Behavioural Economics
Links:
17. http://thebrowser.com/interviews/dan-ariely-on-behavioural-economics

We can all be more aware of our surroundings and our decision-making
process, says the professor of psychology and behavioural economics. He
recommends five books to help us maximise our prosperity and well-being
[18]Read on
Links:
18. http://thebrowser.com/interviews/dan-ariely-on-behavioural-economics