Having worked in the banking sector and having seen up-close how tightly regulated the industry is, I’m somewhat surprised that this sort of thing can happen at a retail bank. On Friday, Roku, the TV streaming company, said in a filing that roughly $487 million of its $1.9 billion in cash was tied up with… Read More Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times
It was truly not pretty. At $200 a head, I would have expected better service. The food truly was immaculate. And the wine pairing was amazing. But I found the help to be a bit far too familiar. If I were Michelin in Los Angeles, I’d think twice about renewing their one macaroon rating. The… Read More Pasjoli? C’etait Vraiment Pas Jolie
“Google tells employees to share desks as it looks to cut costs” – TechSpot TechSpot reports it has seen an internal memo announcing a company-wide cost-saving measure in the form of sharing desk space areas. My first reaction was “WTF”, so I was pleased to see that the article began with this very exclamation as… Read More Alphabet Tests WeWork Business Model
I can’t say that I’m surprised. I mean, the one here on Abbot Kinney took over a year to remodel its interior. And the lockdown followed just as it opened. MedMen’s empire is on the verge of financial failure Source: MedMen, California’s ‘Apple Store of weed,’ is about to fail
Well that escalated quickly. It is obvious that Washington is purposefully trying to inflict a strategic defeat on us. It took just one day for the Russian government to call foul after the U.S. announced it was considering sending American main battle tanks to help Ukraine defend itself from its invasion. I realize it’s highly… Read More “Not fair, is potato” – Russia, responds to US tanks heading to Ukraine
Looks like actual tank battles lie ahead. And in Europe, too. It’s unknown how many tanks would be approved. That’s a big step forward. I guess the U.S. is not going to wait for Germany to figure out what they want to do. That’s too bad too, because I was curious to see how the… Read More Abrams Tanks May Be Heading for Ukraine
Didn’t even know this was a thing. The $80 trillion-plus “hidden” debt estimate exceeds the stocks of dollar Treasury bills, repo and commercial paper combined, the BIS said, while the churn of deals was almost $5 trillion per day in April, two thirds of daily global FX turnover. Source: BIS warns of $80 trillion of… Read More BIS warns of $80 trillion of hidden FX swap debt | Reuters
Finally, some good news. On Aug. 3, the U.S. Navy successfully recovered the F/A-18E Super Hornet aircraft assigned to Carrier Air Wing (CVW 1), embarked aboard USS Harry S. Truman (CVN 75) that blew overboard due to unexpected heavy weather in the Mediterranean Sea July 8, 2022. Source: U.S. Navy Recovers F/A-18E from Mediterranean Sea… Read More U.S. Navy Recovers F/A-18E from Mediterranean Sea > U.S. Naval Forces Europe and Africa / U.S. Sixth Fleet > News
Deeply saddening. So much for “safety in numbers” I guess. Two cyclists were killed and three were injured Saturday morning when an SUV crossed over the center line while trying to pass another vehicle, Michigan authorities said. Source: 2 cyclists killed and 3 injured by an SUV that crossed over the center line, authorities say… Read More Two cyclists killed and 3 injured by an SUV
QuantumTom 