Felix Salmon

Friday links get dusty

July 10, 2009

Voided $2 California IOU selling for $20.50 on eBay

Lithwick on Palin: “when the dust settles, the lesson may be that she was simply a woman who made no sense”

TARP mission creep watch, SBA edition

July 10, 2009

I’m beginning to think that the TARP fund is really just an all-purpose slush fund, it has suffered from so much mission-creep at this point. Not only was it used to bail out the automakers, but now David Cho reports that

Notes on blogging for journalists

July 10, 2009

I’m hosting a blogging seminar tomorrow for the South Asian Journalists Association’s annual convention. Here are some notes I’ve made for my opening presentation.

Pedestrians in bike lanes

July 10, 2009


Laura Conaway asks why pedestrians walk in bike lanes, and reprints the photo above, which might well have been taken on Broadway, just south of 42nd Street. I know that stretch well — I bike down it on my way from work — and in general I stick to the road-for-cars, rather than risking life and limb on the bike-path-for-bikes.

People aren’t even renting these days

July 10, 2009

After a decade of Manhattan apartment prices going up, it’s only reasonable to expect them to go down for a few more years at least. That’s one reason to rent rather than buy right now. Another is that renting is still substantially cheaper than buying. So the rental market should be quite hot, right? Not so much:

Consider both backs scratched

July 10, 2009

Jimmy Lee on Rupert Murdoch, after the successful acquisition of Dow Jones:

James B. Lee of JPMorgan Chase & Company, who has represented clients in some of the biggest deals in history, said of Mr. Murdoch, “nobody else I have ever banked could have pulled it off.”

The X-shaped recovery

July 10, 2009

Robert Reich blogs the recovery, and says something very similar to what I said yesterday in San Diego:

Auction all TARP warrants

July 10, 2009

JP Morgan has taken an entirely sensible step with respect to the pricing and sale of its TARP warrants:

Thursday links are more eclectic than usual

July 10, 2009

Fake Alpha

The market’s inflation expectations are hard to find. But possible! http://bit.ly/4lB2lS