How the Ray Rice scandal unfolded
go.com – 9 hours ago
Outside the Lines: A pattern of misinformation and misdirection was employed by the Baltimore Ravens and the NFL after Ray Rice hit his wife.
@TheStalwart: These two paragraphs from @dvnjr and @KVanValkenburg should bury Goodell [link] [link]
@AntDeRosa: Rice case: purposeful misdirection by team, scant investigation by NFL [link]
@BuzzFeedBen: RT @c_kirkham: How the Ray Rice scandal unfolded: Purposeful misdirection by team, scant investigation by NFL [link]
@lizzieohreally: I’ll just leave this damning @DVNJr joint here: [link]
@grossdm: There goes "ESPN is too cozy with the NFL" Don Van Natta and Kevin Van Valkenburg’s Vantastic reporting [link]
@DavidSchawel: Rice case: purposeful misdirection by team, scant investigation by NFL [link]
Mexico’s oil hedging deal exposed
Financial Times – 15 hours ago
Mexico’s oil hedging programme - a highly secretive deal that is the largest single trade in crude markets - appears to be unfolding in public for the first time, according to traders. The public disclosure of a large options trade on a new...
@pcdunham: RT @munilass: "@Ed_Crooks: Mexico’s oil hedging deal dragged into the spotlight by new US regulations: [link]" cc @pcdunham
@FGoria: Mexico’s oil hedging deal exposed [link]
@creditplumber: "It’s a nightmare. We have reality TV shows. Now we have reality trading. Nothing is confidential anymore." [link] #FT
@munilass: "@Ed_Crooks: Mexico’s oil hedging deal dragged into the spotlight by new US regulations: [link]" cc @pcdunham
@humenm: Mexico’s oil hedging deal exposed - [link] - [link]
How To Tell If You Should Buy Alibaba Stock, In 1 Simple Flowchart
Huffington Post – 12 hours ago
Chinese e-commerce giant Alibaba just went public! Should you, a regular person, buy Alibaba stock? It may seem tempting, what with the stock jumping 35 percent from its $68 initial public offering price on its first day of trading on Fr...
@pkedrosky: RT @AnnieLowrey: Single-stock investing is the new golf: [link]
@AnnieLowrey: Single-stock investing is the new golf: [link]
@mccarthyryanj: How to tell if you should buy Alibaba stock, in 1 simple flowchart [link] by @BenDWalsh
@JacobWolinsky: How To Tell If You Should Buy Alibaba Stock, In 1 Simple Flowchart - Huffington Post [link]
@naufalsanaullah: RT @markgongloff: Should you buy Alibaba? Here’s a flowchart $BABA [link] via @HuffPostBiz [link]
@CardiffGarcia: RT @AnnieLowrey: Single-stock investing is the new golf: [link]
Mikheil Saakashvili, Georgia’s Ex-President, Plots Return From Williamsburg, Brooklyn
New York Times – 17 hours ago
After a steep fall from grace, the former president of Georgia, Mikheil Saakashvili, is planning his life’s next chapter from a tower on the Williamsburg waterfront.
@TheStalwart: RT @TimFernholz: My favorite story today: Exiled Georgian president Mikheil Saakashvili lives in Williamsburg [link]
@MParekh: Where’re they now, #Putin Edition: "Mikheil Saakashvili, #Georgia’s Ex-President, Plots Return From Brooklyn" [link] #Russia
@mccarthyryanj: The former president of Georgia has been exiled to Williamsburg, rides the L train [link]
@samgadjones: RT @ianbateson: Ex-Georgia Pres Saakashvili living in Williamsburg.Complains about money. Becomes hipster [link] http://t.…
@TomLasseter: Not the Onion. Amazing. --> Mikheil Saakashvili, Georgia’s Ex-President, Plots Return From Williamsburg, Brooklyn [link]
@maxabelson: The best @jasondhorowitz so far: Saakashvili in Williamsburg. Future classic: [link]
@jbarro: Mikheil Saakashvili, hipster ex-president of Georgia, has moved to Williamsburg. [link]
@TonyTassell: Great read - Mikhei Saakashvili’s exile in Brooklyn hanging out with the hipsters. H/t @NoreenMalone @sullduggery [link]
@LaurenLaCapra: wtf [link]
New York Fed Takes Aim at Bank Culture
Wall Street Journal – 11 hours ago
Banking regulators have spent much of their post-crisis time focusing on Wall Street balance sheets. Now they’re taking aim at banks’ culture as well.
@MarkThoma: New York Fed Takes Aim at Bank Culture - WSJ [link]
@nasiripour: RT @pdacosta: New York Fed, led by former Goldman Sachs partner, to hold closed-door meeting on bank ethics [link] by @ryan…
@EpicureanDeal: Wall Street knuckle rapping conference set for October 20th: [link] #kulcha
The Grumpy Economist: Capital Language
The Grumpy Economist – 7 hours ago
The political economy of a universal basic income.
interfluidity – 13 hours ago
@TheStalwart: RT @CardiffGarcia: .@interfluidity on the political viability of a universal basic income: [link]
@CardiffGarcia: .@interfluidity on the political viability of a universal basic income: [link]
@EpicureanDeal: Universal Basic Income “is the most feasible of the policies that are genuinely worthwhile.” [link] by @interfluidity
The invasion of corporate news
Financial Times – 19 hours ago
A population of 100,000 is no longer a guarantee that a city like Richmond, California can sustain a thriving daily paper. Readers have drifted from the tactile pleasures of print to the digital gratification of their smartphone screens, an...
@LaurenLaCapra: The invasion of corporate news [link] - on increasingly blurry lines between journalism & PR
@spignal: The media writes about itself too much. It’s often dull. This, by @Edgecliffe, is a notable exception. [link]
@FGoria: The invasion of corporate news [link]
@BuzzFeedBen: RT @sapnam: this piece on the rise of "brand journalism," or reporting produced by companies, is a real must-read [link] by…
@pdacosta: RT @CardiffGarcia: :( RT @FT Journalists rarely admit an important fact: The PRs are winning [link] by @Edgecliffe
@raju: The "PRs are winning" MT @mathewi: The @FT’s @Edgecliffe looks at the "invasion of corporate news" [link]
Scotland’s ‘No’ Vote: A Loss for Pollsters and a Win for Betting Markets
New York Times – 23 hours ago
Prediction markets give much more reliable forecasts than pollsters, as do surveys of what voters expect will happen.
@MParekh: Polling Disruption: #Scotland’s ‘No’ Vote: A Loss for Pollsters and a Win for Betting Markets [link] via @UpshotNYT #Tech
EconLog: Betting Markets, Polls, and the Human Drama: We’re Wasting Resources and Throwing Away Information , by Art Carden
@ATabarrok: RT @JustinWolfers: @ATabarrok You’ll like this: [link]
@TimOBrien: “@JustinWolfers: My quick reaction: Scotland’s ‘No’ Vote: A Loss for Pollsters and a Win for Betting Markets [link]”
@JustinWolfers: RT @NickKristof: Scotland’s ‘No’ Vote: A Loss for Pollsters and a Win for Betting Markets [link]
@INETeconomics: Scotland’s ‘No’ Vote: A Loss for Pollsters and a Win for Betting Markets [link]
@jbarro: In referendum campaigns, "YES" usually underperforms the opinion polls. Scotland included. [link]
Abnormal Returns: Friday links: flexible asset allocations
@jmackin2: RT @JustinWolfers: My quick reaction: Scotland’s ‘No’ Vote: A Loss for Pollsters and a Win for Betting Markets [link]
@davidmwessel: Scotland’s ‘No’ vote is a loss for pollsters, a win for betting markets says @JustinWolfers [link]
@johnpmcdermott: Interesting piece by @JustinWolfers on prediction markets vs opinion polls in the #indyref -- [link]
The Hedge Fund Implode-O-Meter News Pick-ups: Paper: Instead of QE, the Fed Could Have Given $56,000 to Every Household in America
hf-implode.com – 9 hours ago
Fortress Pays Executives for Expenses to Manage Fortunes
Bloomberg – 18 hours ago
Fortress Investment Group LLC gave four of its top executives $63 million in compensation last year. As part of the package, the first publicly traded private- equity and hedge-fund firm is paying to help manage their fortunes.
@pkedrosky: The latest in perksmanship: Fortress pays executives fortunes to manage their fortunes [link]
@SimoneFoxman: Fortress Pays Executives for Expenses to Manage Fortunes [link] via @BloombergNews
Here Is The City: Ex-Deutsche FX trading head in interesting career move
@JacobWolinsky: Interesting article - Fortress Pays Executives for Expenses to Manage Fortunes [link] via @BloombergNews
@nasiripour: RT @ErikSchatzker: It takes cojones to make public shareholders pay the costs of running your private family office [link]
@pdacosta: Fortress Pays Executives for Expenses to Manage Their Private Fortunes [link]
Will US Economy Ever Be As Good As in the ’90s?
New York – 16 hours ago
Doc Martens were on the streets, Mariah was on the radio, and household incomes peaked.
@Noahpinion: Economic things that are better than in the 90s: more tech, much larger houses. That’s about it though. [link]
@AnnieLowrey: We peaked in 1999. [link]
@SconsetCapital: Cut.It.Out.RT @ezraklein: Bad news, America. We peaked in the 90s: [link]
@ezraklein: Bad news, America. We peaked in the 90s: [link]
U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme
Reuters – 14 hours ago
(Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which
@howardlindzon: lovely "@jackdamn: U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme [link] $BCOIN $BTCUSD"
@Techmeme: U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme [link] [link]
@JacobWolinsky: Shocked Bitcoin ponzi... U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme - Reuters [link]
Student Debt Could Reduce Home Sales 8% This Year, Report Says
Wall Street Journal – 14 hours ago
Higher levels of student debt will reduce U.S. home sales by around 8% this year, according to a report released Friday by John Burns Real Estate Consulting, an advisory firm.
Live Blogging Alibaba’s Big Debut
Wall Street Journal – 18 hours ago
Alibaba is set to start trading Friday morning after shares priced Thursday at $68 in one of the world’s largest initial public offerings ever. We’ll chronicle the trading minute-by-minute.
@TheStalwart: RT @ScottThurm: Think your portfolio is doing well today. Check out the move in Alibaba[link] [link]
@MParekh: Alibaba CEO Jack Ma on #NYSE floor: "Can’t leave w/o picture w/ Art Cashin". [link] $BABA
@SconsetCapital: RT @LauricellaTom: At the point on Alibaba, the question is where are the sellers? $92-$93$BABA [link]
@RolfeWinkler: RT @ScottThurm: Think your portfolio is doing well today. Check out the move in Alibaba[link] [link]
American elites have completely failed to understand what the Fed should be doing right now
Washington Post – 14 hours ago
The debate about the Fed is badly biased against full employment. That needs to change.
Dirty Secret of $1 Trillion Loans Is When Do You Get Money Back
Bloomberg – 1 day ago
Imagine a trillion-dollar market that runs on faxes and phone calls while routinely tying up investors’ money for months before they get any return.
@M_C_Klein: Leveraged loans are not very liquid, and run on faxes: [link] by @LisaAbramowicz1
Naked Capitalism: An Accident Waiting to Happen: The $1 Trillion Leveraged Loan Market
Here Is The City: Top firm CEO comments on Warren Buffett’s diet
@LorcanRK: RT @burgessansm: A $1 tln market that still uses fax machines and takes 3 weeks to settle a trade? [link] via @BloombergNews
@nasiripour: RT @burgessansm: A $1 tln market that still uses fax machines and takes 3 weeks to settle a trade? [link] via @BloombergNews
@creditplumber: ‘Brian Marchiony, a JPM spokesman & Zia Ahmed, a spokesman for BoA declined to comment.’ LOL. Via Naked Capitalism. [link]
Abnormal Returns: Friday links: flexible asset allocations
@DavidSchawel: Nice piece on leveraged loans & how they’re probably less liquid than you think by @LisaAbramowicz1 [link]
Merrill asks $2.5 billion team to leave
InvestmentNews – 14 hours ago
Kenny G and the Playmate Stock-Pickers
Bloomberg View – 18 hours ago
Celebrity stock-pickers get lots of attention from the news media, but they probably shouldn’t be taken as an indication that markets have reached a top.
@JacobWolinsky: Kenny G and the Playmate Stock-Pickers [link] via @BV
@TimOBrien: “@BV: “As music sales fall, sax player Kenny G turns to stockpicking.” Uh oh. [link] by @ritholtz [link]”
@TheArmoTrader: Great article by @ritholtz - Anecdotal data of markets tops stay anecdotal. "Kenny G & the Playmate Stock-Pickers" [link]
Mom-and-Dad Banks Step Up Aid to First-Time Home Buyers
Bloomberg – 20 hours ago
The Bank of Mom and Dad is playing a growing role as lender of last resort for a housing recovery struggling to provide more traction for the U.S. economy.
The Scot who kept the Kingdom united
Washington Post – 13 hours ago
A speech from Gordon Brown is said to have turned the tide in Thursday’s referendum.