German public broadcaster Hessischer Rundfunk reports that police and prosecutors are searching the headquarters of Deutsche Bank in Frankfurt in connection — Read on http://www.latimes.com/sns-bc-eu–germany-deutsche-bank-20181129-story.html
Oh sh-. It’s on now motherfucker. Federal investigators on Monday searched the office, home and Manhattan hotel room of President Donald Trump’s longtime lawyer, Michael Cohen, seizing communications between the lawyer and his clients that cover topics including payments to the former porn actress known as Stormy Daniels, according to a person familiar with the… Read More Agents Raid Office of Trump Lawyer Michael Cohen in Connection With Stormy Daniels Payments – WSJ
Interesting… HFT has proven to be singularly destructive. Despite the claims of it defenders, it does not increase market liquidity; it merely increases trading volumes without improving ease of execution. 60% of US stock market trading volume comes from HFT. HFT has undermined how markets operate. Institutional investors have diverted some of their trades to… Read More A Novel Approach to High Frequency Trading
Makes our bailouts look strong a virile.
I would have never seen this coming. I’d previously believed Facebook would not be a good long-term hold, but I had no idea the IPO could come unraveled to such a degree. It’s quite a confidence-shaker, don’t you think? Facebook’s founder, Mark Zuckerberg, has gone from hero to zero as the stockmarket flotation of the… Read More Fadebook? Hilarious.
I hate saying, “I told you so,” but … http://gawker.com/5862363/the-tech-bubble-just-popped
Hey everybody! There’s still some Kool-Aid in the punch bowl! I mean, they’re backed by Goldman Sachs. What could go wrong? It’s not like they’ve ever deceived their own clients. Oh, wait. I remember when Groupon was getting ready to get bough by Google. But, their finance guy blabbed about it and Google pulled… Read More “To Serve Man”
I remember where I was when I first heard Greece was in deep doo doo (at a depth not seen since The Treaty of Versailles). It was a Sunday. I was at the original DuPar’s at Third and Fairfax. I’d brought my NY Times. The front page said it all: Greece was behind with… Read More Musical Comedy
In 2008, a teenager was killed by Greek police and it lead to a riot that lasted longer than a week. Today, a middle-aged man died. Anarchist rumor has it that the trade unionist, Dimitris Kotsaridis, fell from the glass awnings over Syntagma Square and had a heart attack. The word inside the square was… Read More People Are Burning Alive on the Streets of Athens
Revealed – the capitalist network that runs the world – physics-math – 19 October 2011 – New Scientist
QuantumTom 