Financial Markets and Economy
Here's every stock market crash in the past 60 years (Yahoo! Finance)
Stock market crashes are sudden, scary, and surprisingly common.
Higher-Yield Currencies Boosted as Fed Move Odds Weigh on Dollar (Bloomberg)
Higher-yielding currencies including the Australian dollar headed for a weekly gain as receding odds of the Federal Reserve increasing interest rates any time soon weighed on the greenback.
Asian stocks down, global bonds rally as 'Brexit' vote looms (Business Insider)
Asian shares stepped back on Friday while investors poured funds into safe-haven assets amid festering concerns about a UK referendum that could push Britain out of the European Union.
The Hottest Bond ETF Of 2016 (ETF)
With all the excitement over new and novel ways to access the bond market via smart-beta ETFs, it’s a traditional oldie that’s gathering the most assets in the segment this year: the iShares Core U.S. Aggregate Bond ETF (AGG | A-98).
There's another banking crisis brewing in Europe and terrible mortgages are to blame (Business Insider)
There's another banking crisis brewing in Europe – and it all has to do with Swiss franc-denominated mortgages.
Japanese Stocks Slide as Commodity Producers Retreat on Oil (Bloomberg)
Stocks in Tokyo fell as commodity producers dropped after oil declined, while investors awaited central bank meetings from the U.S. and Japan next week.
REIT Surprise: How Real Estate Crushed the Stock Pickers (Wall Street Journal)
A very boring stock-market event later this summer will provide a surprising answer to a perennial question: Why are most fund managers failures?
Markets may be too complacent over Brexit risk, BlackRock says (Reuters)
Financial markets, particularly equities, may be under-pricing the risk of Britain leaving the European Union, the world's largest asset manager said on Thursday, two weeks before Britons vote in a referendum on EU membership.
Here’s proof President Obama really did reduce inequality (Washington Post)
Income inequality declined abruptly in 2013 after President Obama and Congress negotiated an increase in taxes on the wealthiest Americans, according to new federal data.
A change to Apple’s App Store is going to give monied startups a huge edge (Quartz)
For developers whose apps show up at the top of search results, staying on top is easy. But there are countless others struggling to get their apps noticed.
Most People Just Want a Regular Job (Bloomberg View)
There's been a shift in the U.S. economy over the past decade toward more work being done by independent contractors, on-call workers and others in what the government calls "alternative work arrangements."
Maybe now you can afford a Tesla (USA Today)
Tesla Motors said Thursday it is adding a new lower-priced Model S sedan to its lineup, saying it wants to put the car within reach of more luxury-car buyers.
The secret to investing in hedge funds: avoid almost all of them (Business Insider)
Hedge funds have taken a beating lately, with some of the most prominent managers performing badly.
Learn How to Control Cash Flow (Rich Dad)
This is the third in a series on the new rules of money. I lay the foundation for this series in my post “The Real Reason You Feel (and Are) Poorer.” I highly suggest you read that post in preparation for this and the following posts on the new rules of money.
Shiller Showed That Valuations Matter, the Return Predictor Shows How Much They Matter (Value Walk)
“The P/E10 tool could drastically change how the entire investment industry operates and measures risk.”
Politics
Republicans See Trump as a Racist They Can Work With (Bloomberg View)
Donald Trump is a deplorable racist. I’m supporting him.
This is not hyperbole. After all the hemming, the hawing, and the tugging of double chins, it's the consensus of the elders of the Republican Party, despite Trump’s inability to tamp down his prejudices and his propensity to sound like a drug lord threatening a judge about to break up a murderous cartel.
Bernie Sanders Signals the End (The Atlantic)
Bernie Sanders isn’t ready to back down yet—but the end of his campaign is in sight.
Technology
Welcome to Larry Page’s Secret Flying-Car Factories (Bloomberg)
Three years ago, Silicon Valley developed a fleeting infatuation with a startup called Zee.Aero. The company had set up shop right next to Google’s headquarters in Mountain View, Calif., which was curious, because Google tightly controls most of the land in the area. Then a reporter spotted patent filings showing Zee.Aero was working on a small, all-electric plane that could take off and land vertically—a flying car.
Philips' new location-aware Sonicare Connected toothbrush knows which teeth you're brushing (CNet)
There are connected toothbrushes that track how long you brush. Philips Sonicare's newest model also wants to build a 3D map of your mouth.
The Philips Sonicare Flexcare Platinum Connected toothbrush, announced today, is the company's first adult brush with an app. And it has nearly as many features as its product name has letters. In addition to Bluetooth (of course), the brush adds accelerometer and gyros plus pressure sensors so it can tell what direction and angle the brush is facing, and how hard you're brushing.
Robo Librarian Tracks Down Misplaced Books (Popular Science)
You know you've done it. You grab a library book off the shelf, flip through the pages, then go to put it back and realize you forgot where it came from. So you just glance over your shoulder and take a wild guess. Misplaced library books frustrate patrons and give librarians migraines. The whole system relies on books being precisely in their proper location.
Health and Life Sciences
Extreme cure for MS reboots immune system – but can be fatal (New Scientist)
It’s a terrible dilemma: a treatment that might cure you or kill you.
This is what some people with severe multiple sclerosis now face. A radical approach that wipes out the immune system and then reboots it with stem cells has stopped the devastating disease in its tracks in 70 per cent of the people who have tried it. But of the 24 people taking part in the trial, one died from liver damage and an infection while their immune system was impaired.
Life on the Home Planet
Greenland’s record melt tied to faster Arctic warm-up (Futurity)
Following record-high temperatures and melting records that affected northwest Greenland in summer 2015, a new study offers the first evidence linking melting in Greenland to the anticipated effects of a phenomenon known as Arctic amplification.
Baghdad car bombings leave many dead (The Guardian)
Two suicide attacks in and around the Iraqi capital have killed at least 31 people and wounded dozens more, officials said.
The deadliest attack took place in a commercial area of a majority Shia neighbourhood in Baghdad. At least 19 civilians were killed and 46 wounded, police said.
