Hi frendz! This weeks music is Celestial Trax.

News!

• Evonomics: Capital’s share of income is way higher than you think. About half of US household income is derived from wealth, and 60% of that wealth is inherited.

  Pretty hard to square this reality with the widely held view of prosperous, hard-working makers vs indolent do-nothing takers. Who's who?

• Kottke: Willpower, wealth, and the marshmallow test.

  The new study finds limited support for the idea that being able to delay gratification leads to better outcomes. Instead, it suggests that the capacity to hold out for a second marshmallow is shaped in large part by a child’s social and economic background — and, in turn, that that background, not the ability to delay gratification, is what’s behind kids’ long-term success.

  The failed replication of the marshmallow test does more than just debunk the earlier notion; it suggests other possible explanations for why poorer kids would be less motivated to wait for that second marshmallow. For them, daily life holds fewer guarantees: There might be food in the pantry today, but there might not be tomorrow, so there is a risk that comes with waiting. And even if their parents promise to buy more of a certain food, sometimes that promise gets broken out of financial necessity.

• [fr/qc] Le Devoir : Magasiner quand on est noir au Canada, une illustration du racisme au quotidien.
• Kottke: Super freaky recently declassified NSA security posters.
• SMBC: Robot frustrated at humans.
• jakelikesonions: Life is full of peaks and valleys.
• Tech:
  • AMPstinction. HN.
  • Marianne Bellotti: The land before binary. HN.