Counterparties

By Felix Salmon
July 13, 2010
Spiegel

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Merkel’s Rules for Bankruptcy: Berlin Club as ‘International Guarantor’ — Spiegel

Adventures in bank PR doublespeak, BofA edition — ProPublica

Wherein the Daily Telegraph calculates that £20 placed on a 3,000-to-1 bet will pay out at £6,000 — Telegraph

Box-office futures, RIP: Cantor fires most of its HSX staff — The Wrap

Consumer Reports Says It Doesn’t Recommend Apple’s iPhone 4 — Bloomberg

William Poundstone’s new book sounds like a great addition for your behavioral-economy shelf — Aleph Blog

3 comments

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I’m assuming you’re making fun of the inability to do 4th grade math, wherein 20 x 3k is 60k, not 6k? :)

Posted by REDruin | Report as abusive

4th grade? Where are you from? that’s 2nd grade here… :p

Posted by CDNrebel | Report as abusive

it’s the extra 000′s and that British lb. sign…add in it’s a story problem and it’s 4th grade, right? :)

although I wonder if the odds makers blew it, too…I thought the odds were 2^7, which is 256, not 300, and not 3000. SO they not only failed basic math, but probability!

Posted by REDruin | Report as abusive