How a baccarat binge helped launder the world’s biggest cyberheist; how passive investing is now in danger of devouring capitalism; how credit raters ducked reform; an honest business news update; the Irish Farmers Journal weighs in on what you could buy instead of Neymar; other stuff.
How China’s biggest bank became ensnared in a sprawling money laundering probe; credit spreads and sticker shocks; cracking down on IPOs featuring multiple share classes; Damodaran on crypto; the secret economic lives of animals; weed-weddings; Marmite amnesties; “Thank you for calling the philosophy helpline”; other stuff.
Michael Lewis on the, rather important but neglected, US Dept of Energy; quotes from Mike Ashley on drinking, gambling, napping and making a fortune; the Shkreli trial is wrapping up; innovation thy name is cryptocurrency; “The AP has deleted a tweet about a giraffe being born because it included a photo of the wrong giraffe”; other stuff.
On macaque copyright law ;Krugman on “formerly true” ideas; Tabarrok suggests a Golden Age of Conservative Intellectuals; Shkreli as pied-piper; data as the monopolists tool; robots chat to each other on stage; ATM traps man/man traps himself inside ATM; humans decide to allow swords to be carried openly once more; Brookings Institution think tanker runs aground off Crimea coast; other stuff.
Mark Dow on where we are in the market right now; vinicultural market analysis; Cohn for the Fed; cryptocurrency collapses; Brexit, Dimon, Macron and Piketty; bored traders on Tinder apparently a symptom of Wall St revenue dip; a course catalog for David Brook’s elite sandwich college; other stuff.
Hobby Lobby agrees to forfeit 5,500 artifacts smuggled out of Iraq; sleeping with the enemy can cost a bank a lot of money; yield hunger; the Fed and technocratic illusions; if you want vol wish for war; NYT wedding pages; George RR Martin’s soup obsession; other stuff.