FW: More Bubble fears as US stocks break records[infographic]

Source: FT

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FW: Console combat

The battle among video-game machines

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FW: The Ballmer Years

 

Source: WSJ

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Buffet @ powerful women summit 2013

Weekend Links

Excellent reading: Steven Cohen: The Gilded Age revisited - NYT - http://buff.ly/HRPnu4
"Swatch leaves luxury watchmakers in a quandary - Fortune Features" http://rdd.me/0b79zuzu  via @readability
"Master of many trades" http://rdd.me/xbe0gj84  via @readability
How Inbev bush survived prohibition http://bit.ly/1aqkrev 
Why Justin Bieber has no choice but to bang hookers – James Cook – The Kernel http://buff.ly/1hNxmNT
Lifetime appointments don’t make sense anymore. http://buff.ly/1hNxQUe
Discomfort Food: When the Going Gets Tough, Greeks Get Souvlaki http://buff.ly/1hNycKv
The Five Characteristics of Successful Innovators - Tomas Chamorro-Premuzic - Harvard Business Review http://buff.ly/HRQKJf
Apple maps: how Google lost when everyone thought it had won | Technology http://buff.ly/HRRLRs
"Are paper books becoming obsolete in the digital age, or poised to lead a new cultural renaissance?" http://buff.ly/1awPsxn
The Benefits of a 6-Day Water Fast http://buff.ly/18DP50I
The Amazing History Of The To-Do List--And How To Make One That Actually Works | Fast Company | Business + Innovation http://buff.ly/18DShta

Bill Ackman @ Oxford

FW: Race to the top

Ethnic-minority pupils in England are storming ahead IN MUCH of Europe, pupils from many ethnic minorities struggle at school. That used to be true in Britain too—but not any more. Every ethnic-minority group that trails white Britons in GCSE exams, normally taken at age 16, is catching up. Bangladeshis used to perform worse than whites; now they do better. Indians have maintained a huge lead. All this despite the fact that ethnic minorities are poorer than average. Control for that, by looking at pupils who are entitled to free school meals, and all ethnic-minority groups now do well. That is in part because parents are increasingly turning to private tutors. In a survey of 11- to 16-year-olds by the Sutton Trust, an education charity, 45% of Asian children said they received some kind of private tuition compared with 20% of white pupils. See full article.

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FW: The changing income distribution for lawyers (Average is Over)

Feed: Marginal Revolution
Posted on: Wednesday, November 13, 2013 4:00 AM
Author: Tyler Cowen
Subject: The changing income distribution for lawyers (Average is Over)

 

As of 2010, a graph of starting salaries looks like this: As of 1991, it looked like this: That is from Peter Turchin.  Here is a WSJ article by Ben Casselman on the widening job market gap more generally.

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Retailer sq. footage [graphic]

Via: http://avondaleam.com/

FW: Bringing home the Bacon

The most expensive artworks sold at auction "THREE STUDIES OF LUCIAN FREUD", a 1969 painting by Francis Bacon of his friend and fellow artist, was sold at auction in New York on November 12th for $142.4m. Christie's, the auctioneer, said this was a record. Was it? Yes and no. For one thing, an auction record does not equal an overall record: in 2011 the Qatari royal family paid more than $250m for a Cézanne in a private sale. Secondly, our chart shows that although the Bacon triptych sold for the highest auction price in history, surpassing the $119.9m paid last year for Edvard Munch's "The Scream", it is not the most expensive ever auction sale in real terms (ie, accounting for inflation). That title is still held by Van Gogh's 1890 "Portrait du Docteur Gachet". The $82.5m paid for that painting in 1990 is the equivalent of $148.6m at today's prices, enough to acquire a Bacon and still have change to buy a gallery to hang it in.

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