Felix Salmon

Why I think Reuters won’t buy Breakingviews

By Felix Salmon
July 14, 2009

Cyrus Sanati confirms that my very own employer “is in preliminary discussions” about buying Breakingviews. Needless to say, I have no first-hand, or even second-hand, knowledge of such matters — nobody tells me anything, and nor should they. But I can say that this smells of desperation on the part of Breaking Views, and I will also confidently predict that the deal is not going to happen.

Is Baker-Samwick finally getting traction?

By Felix Salmon
July 14, 2009

Remember the Baker-Samwick proposal which I resuscitated in the Atlantic this month? Well, it seems to have got some traction:

When TALF displaces TARP

By Felix Salmon
July 14, 2009

Dealbook is making a big deal out of the fact that Chrysler Financial has repaid its TARP loan. But read down to the bottom of the press release, and you find this:

Can we hope to abolish debt-related tax incentives?

By Felix Salmon
July 14, 2009

Kevin Drum says that although we should get rid of debt’s tax advantages, we won’t:

The unsustainability of debt-for-equity conversion

By Felix Salmon
July 14, 2009

According to its earnings release today, Goldman Sachs posted a loss of $500 million on its “real estate principal investments”. On the conference call, CFO David Viniar said that was based on a loan book of about $6.4 billion, which is now being marked “in the low 50s”.

DC taxation datapoint of the day

By Felix Salmon
July 14, 2009

Ryan Avent quotes Alice Rivlin:

The CFO’s office estimates that if DC were able to tax non-resident income at its current tax rates it could raise more than $2 billion additional revenue, more than doubling the current yield of the District’s individual income tax of about $1.3 billion.

How to reduce the mountain of debt

By Felix Salmon
July 14, 2009

Nassim Taleb is right that there’s too much debt in the world, and he’s also right that debt=denial:

Monday links get lost

By Felix Salmon
July 14, 2009

In a survey of 12,500 people in 13 countries, almost half of respondents admitted to giving wrong directions on purpose