Ritholtz's Reads: Yes, Machines Are Supposed to Replace People

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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It's coming up on a three-day weekend and the unofficial last day of summer. Finish the season strong with our morning beach reads:

• Machines do replace humans. In fact, replacing humans is often the point (Atlantic

• The Unlikely STEM Cities That Will Power the U.S. Economy (Bloomberg

• Hedge Funds Faced a Test in August, and Faltered (NYT

• What to Expect When You’re Expecting an Apple Car (WSJsee also Ways to think about cars (Benedict Evans

• The Stingiest State in the Union: Alaska has more than $50 billion of oil money in the bank. Why can’t it pay its bills? (Atlantic

• Home Builders Say Loans Are No Longer Scarce (Real Time Economicssee also Underwater-Home Recovery Reaches Struggling Neighborhoods (Real Time Economics

• The network’s the thing (Remains of the Day

• Donald Trump isn’t rich because he’s a great investor. He’s rich because his dad was rich. (Voxsee also The 1 Easy Way Donald Trump Could Have Been Even Richer: Doing Nothing (National Journal

• No Joke: Comedians Fill Giant Stadiums. Thanks to stand-up’s popularity, comedians from Jim Gaffigan to Kevin Hart and Louis CK are drawing rock-star audiences to huge venues (WSJ

• Which of These Watches Will Be Named Best of 2015? (Bloombergsee also iMore survey shows ultra-high levels of Apple Watch usage (iMore)

Be sure to check out our Masters in Business interview this weekend with Harry Shearer of "This Is Spinal Tap," "Saturday Night Live" and "The Simpsons." 

How Energy Consumption Has Changed Since 1776

 Source: MIT Technology Review

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net