Wednesday 10.11.17

"Where do new ideas come from? The answer is simple: differences. Creativity comes from unlikely juxtapositions."
Nicholas Negroponte 


Bull market reaches "epic proportions" - Morgan Stanley  "We say this not as hyperbole, but based on a quantitative perspective," says the team at Morgan Stanley. "Dispersions in valuations and growth rates are among the lowest in the last 40 years; stocks are at their most idiosyncratic since 2001; and equity hedge fund beta is at its highest since March 2008.” - Market Watch

Navy fires two officers over USS McCain collision, says deadly accident was ‘preventable’  Cmdr. Alfredo J. Sanchez, the McCain’s commander, and Cmdr. Jessie L. Sanchez, its executive officer, were relieved of their duties and reassigned, Navy officials announced in a statement. Both were fired because of a lack of confidence, officials said. - Washington Post

Amazon considering deliveries inside homes, into car trunks  In an effort to reduce the theft of unattended packages sitting on porches or stoops, Amazon is exploring creative ways to get packages to consumers by delivering to car trunks or the inside of houses. The company is in advanced talks to forge a partnership with Phrame, a maker of smart license plates that allow items to be delivered to a car's trunk. - CNBC

California Fires Burn Out of Control; 17 Are Dead  The fires ravaging California’s wine country since Sunday night — part of an outbreak of blazes stretching almost the entire length of the state — continued to burn out of control Tuesday, as the toll rose to at least 17 people confirmed dead, hundreds hospitalized, and an estimated 2,000 buildings destroyed or damaged. - New York Times

USA Misses World Cup as Doomsday Scenario Plays Out Across CONCACAF  On the most surreal and embarrassing night in U.S. soccer history, the U.S. men’s national team lost 2-1 to Trinidad and Tobago (the worst team in the CONCACAF Hexagonal) and was eliminated from contention for World Cup 2018. - Sports Illustrated

Puerto Ricans leave for US mainland as storm woes linger  With conditions still grim back home — about 85 percent lacking electricity and 40 percent without running water — tens of thousands have fled to the U.S. mainland. - Associated Press

Predicting the Death of the Mall, One J.C. Penney at a Time  A big-data startup, System2, has mapped almost 200 shops likely to close. How does System2 know? Its computers say so. Founder Matei Zatreanu threw aside a hedge fund career to test a simple theory: that crunching mobile phone pings, demographic information, credit-card bills and other unconventional data yields a better way to invest in real estate and other areas. - Bloomberg

For Time Inc.’s Magazines, Fewer Copies Is the Way Forward  Time Inc is cutting back on the circulation and frequency of some of its biggest titles, part of a far-reaching cost-reduction and restructuring program meant to ensure the profitability of its core brands. - Wall Street Journal

  How a Pair of Orange Scissors Made Design History

The iconic tool turns 50 this year–here’s the story behind its immense popularity.

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