Felix Salmon

Counterparties

By Felix Salmon
October 16, 2009

CFPA, RIP: NYT > WSJ — CJR

Error-riddled “Superfreakonomics” — Climate Progress. The complaints ring true to me.

Dow 10,000 in rhyme

By Felix Salmon
October 16, 2009

Bill Radke is some kind of genius. Whose bright idea was it that news should be delivered in prose, anyway? This poetry thing is seriously disruptive technology.

Is Russ Feingold joining the war on vulture funds?

By Felix Salmon
October 16, 2009

Remember the silly war on vulture funds being waged in the UK and, in the US, by Congresswoman Maxine Waters? Well, I have good news and bad news. The bad news is that it’s making its way into the US Senate: Russ Feingold, the chairman of the Subcommittee on African Affairs, is thinking of introducing legislation of his own. The good news is that his staffers are reaching out to people like me, and seem genuinely interested in trying to understand the issues and the potential negative consequences of any legislation.

Ken Lewis’s symbolic pay cut

By Felix Salmon
October 16, 2009

I love the fact that Kenneth Feinberg has made his largely symbolic cut to Ken Lewis’s 2009 payout:

Dow 10,000: It’s do-over time!

By Felix Salmon
October 15, 2009

Remember the grim days of March? You should. Millions of small investors across the country were staring aghast at their brokerage statements, with one thought going through their heads: “I should never have invested in the stock market”. They’d done so on the advice of people who had assured them that stocks always go up over the long term, and then they’d seen their holdings decimated. In hindsight, they decided, they had less of a risk appetite than they needed to have that kind of exposure to the stock market. But selling at the bottom and capitulating to the bear felt impossible.

Great moments in punditry, Lenin edition

By Felix Salmon
October 15, 2009

Jim Cramer has decided that people upset at Wall Street bonuses are in fact revolutionary Marxist-Leninists, intent on “stringing up guys like John Mack and feeling great about it”. A brief edited transcript, if you can’t bear to watch the whole thing:

Bicycling paradise of the day

By Felix Salmon
October 15, 2009

Copenhagen:

The morning and afternoon commute in Copenhagen is a spectacle involving tens of thousands of cyclists roaring down dedicated lanes in tight packs, past cars moving at half the speed, if at all…

How securitization works

By Felix Salmon
October 15, 2009

It seems so obvious: of course John Bird and John Fortune should simply appear directly on FT.com. Go watch their latest George Parr interview, it’s fantastic:

Too-big-to-fail datapoint of the day

By Felix Salmon
October 15, 2009

Good luck to any mere mortal trying to make sense of Citi’s earning announcement today. Here’s the company’s own headline: