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What sets these self-driving vehicles really apart is the lack of controls that have been part of every car produced since the dawn of the horseless carriage

Self-driving cars

Handless carriage

Jun 2nd 2014, 11:28 by P.E. | DETROIT

IT HAS long been the stuff of science fiction, but autonomous driving is about to steer a lot closer to reality when Google begins testing a fleet of self-driving cars later this year. The move positions Google as one of the leaders in the field, but virtually every big car maker is now working on similar technology. Last year, for instance, Nissan announced it wants to put its first fully autonomous vehicle into production by 2020. Yet most of the incumbents take a more incremental approach than Google. Read more of this post

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An international liquefied natural gas market is developing. Buyers will gain more than sellers

An international gas market is developing. Buyers will gain more than sellers

May 31st 2014 | From the print edition

SQUEEZING and cooling gas until it becomes a liquid, and then shipping it by tanker, is inherently costlier than sending it down a pipeline. But 50 years since the first shipment left Algeria, liquefied natural gas (LNG) is no longer exotic, complicated or marginal. For the past two years the global LNG trade has been in a flat spot, with little new supply. But on May 25th Exxon Mobil said it had shipped its first cargo from a $19 billion project in Papua New Guinea (pictured on the next page), the first in a wave of new LNG supplies that are about to come to market. Read more of this post

25 Books Billionaire Charlie Munger Thinks Everyone Should Read

25 Books Billionaire Charlie Munger Thinks Everyone Should Read

FARNAM STREET STRATEGY  JUN. 3, 2014, 12:46 AM

“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none. Zero. You’d be amazed at how much Warren reads — and how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”

That comment is what really kickstarted my own reading habits. While my 161 books last year pales in comparison to the quality of Munger’s reading habits, it’s a start. Read more of this post

High-dividend-paying stocks tend to outperform all other equities during long time horizons, but they are the worst performers when interest rates increase

Dividends Great for Long Term, but Beware Rising Rates

High-dividend-paying stocks tend to outperform all other equities during long time horizons, but they are the worst performers when interest rates increase.

By Timothy Strauts | 05-29-2014 10:00 AM

Tim Strauts: Today we’re going to look at how dividend stocks have performed in different interest-rate periods. In this chart, you can see we’ve broken up the equity universe into four buckets. The highest 30% bucket is the 30% of stocks with the highest dividend yield, going all the way down to the no-dividend bucket of companies that pay no dividends. Read more of this post

Scientists Have Discovered A Planet They Thought Was Impossible

Scientists Have Discovered A Planet They Thought Was Impossible

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LESLIE BAEHR SCIENCE  JUN. 3, 2014, 9:04 AM

The “Godzilla of Earths!” is in the foreground. Behind it is the smaller ‘lava world’. Their sun, in the back, appears to have been created only 3 billion years after the Big Bang.

Based on what we know about how solar systems form, researchers thought that a giant rocky planet could not exist. But they just found one that’s 17 times Earth’s mass. They’ve dubbed it the “Mega-Earth.” Read more of this post

Indonesia: A True Tiger?

Indonesia: A True Tiger?

CONTRIBUTOR YOUR SAY  JUN. 3, 2014, 10:40 AM

The complexity of Indonesia’s culture is perhaps only outmatched by its economic and political workings.  This is a country and people with a history of battling colonialism, erupting in constant turmoil and political unrest.  Its democracy is a fairly young 15 years.  While Indonesia portrays itself to have a stable democracy, the tenseness surrounding the presidential elections this year tells a widely different story.  Political and economic “games” erupt, for which corruption is the most common explanation.  Corruption almost seems to be a way of life here in Jakarta, as it is acknowledged constantly in conflicts, with heads nodding in understanding and then dismissal, as “that is just the way it is.” Read more of this post

Malcolm Gladwell Explains What Everyone Gets Wrong About His Famous ‘10,000 Hour Rule’; natural ability requires a huge investment of time in order to be made manifest

Malcolm Gladwell Explains What Everyone Gets Wrong About His Famous ’10,000 Hour Rule’

DRAKE BAER STRATEGY  JUN. 3, 2014, 1:00 PM

In his 2008 book “Outliers,” Malcolm Gladwell wrote that “ten thousand hours is the magic number of greatness.”

His examples included:

Bill Gates, who was able to start coding as a teen since he attended a progressive Seattle high school

the Beatles, who played eight-hour gigs in German clubs long before they invaded America Read more of this post

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