Felix Salmon

Wednesday links go underwater

July 16, 2009

But who would win a fight between Giant Octopus and Vampire Squid?

Google calls bullshit on newspapers who say they don’t want to be indexed

Judge dismisses Donald Trump’s lawsuit against the NYT’s Tim O’Brien

“Once again, Ben Stein distinguishes himself by how many things he can get seriously wrong in a short column”

How a CDO is like a rectangular bathtub

July 15, 2009

J, at This is the Green Room, is in the middle of a series entitled “Deconstructing the Gaussian copula”. Part 1 was here, Part 3 is on its way, and Part 2 features a really good explanation of CDOs and default correlation:

Tax banks to make them smaller

July 15, 2009

When the WSJ editorial page proposes any kind of new tax, it’s worth paying attention to:

How journalism school is like overdraft fees

July 15, 2009

Overdraft fees and lottery tickets are both in their own way taxes on ignorance, or at least a lack of sophistication — which is one reason why both should be carefully regulated. Richard Sine, today, adds another item to the list: J-school tuition fees. He has a clear message for deans of journalism schools around the country:

The Chinese stock-market crash: July 22

July 15, 2009

Josh and Tyler have found a piece of ever-so-scientific research which calculates that the Shanghai stock market will crash somewhere between July 17 and July 27. Which is convenient for me, since I’ll be there personally from July 19 through 25; I should have a front-row seat!

Chart of the day: Goldman VaR

July 15, 2009

Remember September, when Goldman Sachs and Morgan Stanley became bank holding companies? The WSJ reported at the time that the banks were “taking steps to reduce their leverage”:

Baker-Samwick does allow rental properties to be sold

July 15, 2009

John Carney thinks that the Baker-Samwick plan would create “havoc” in securitized mortgages, and points to Tom Lindmark:

MBA datapoint of the day, Harvard edition

July 15, 2009

This year’s class size at Harvard Business School — 942 students — is a new record, up from 900 last year. Most of HBS’s costs are fixed, of course, so a marginal increase in enrollment is likely to drop straight to the bottom line — something Harvard’s in desperate need of these days.

Tuesday links work for peanuts

July 14, 2009

Someone is hiring writers and paying $10 for 600 words

Eliot Spitzer on Matt Taibbi’s Goldman Sachs piece: “good journalism, and good reading”