The Big Picture

Declining Labor Force Participation and Its Implications for Employment Growth
Ancient Lake on Mars
Land and Ocean Temperature Percentiles
10 Christmas Day Reads

Declining Labor Force Participation and Its Implications for Employment Growth

Posted: 26 Dec 2014 02:00 AM PST

Ancient Lake on Mars

Posted: 25 Dec 2014 12:00 PM PST

Source:Vox

Land and Ocean Temperature Percentiles

Posted: 25 Dec 2014 09:00 AM PST

Source: NOAA

10 Christmas Day Reads

Posted: 25 Dec 2014 04:00 AM PST

My Christmas morning reads:

• This Christmas, Be Grateful You Didn’t Put All Your Money in Oil and Gold (B Politics)
• Now that the Dow has hit 18,000, let us remember the worst op-ed in history (Washington Post)
• Mohamed A. El-Erian: Wow! What the Jump in U.S. Growth Means (Bloomberg) see also The Most Encouraging, Least Noticed Economic News of 2014 (TNR)
• One of the Worst Arguments in Finance (A Wealth of Common Sense)
• Never Buy Expensive Stocks. Period. (Alpha Architect)
• Fresh Doubt Over the Bailout of A.I.G. (NYT)
• The Ghost Christmas Past: A Look At the History of Christmas (Farnam Street)
• Is Chinese Takeout Really More Popular on Christmas? An Investigation. (Slate) see also Why American Jews Eat Chinese Food on Christmas (The Atlantic)
• Santa Delivering Drones for Christmas Amid Rising Safety Concern (Bloomberg)
• Why Muslims Love Jesus Too: The virgin birth is mentioned in the…what…gasp…Koran?! It is indeed. So have yourself a merry Muslim Christmas. (Daily Beast)