John Carney today writes about what he calls “the deeper problem” behind the Basel III negotiations: “how regulators can assess capital requirements without a functioning market process”.
What on earth is the point of Hewlett-Packard suing Mark Hurd? The mutual mudslinging has been decidedly unedifying to date, and now it’s certain to get much worse — and to take place in open court, to boot. With a market capitalization of over $90 billion, suing its former CEO certainly isn’t going to move the needle financially. And it’s going to take up a large amount of the valuable time not only of HP’s executives but of HP’s board members too.
Anybody remotely attracted by this must be out of their minds:
The world lacks regulation of art securitization and art funds. With an exception of perhaps only India no country of any significant domestic investment market has a well defined regulatory framework for art funds… Well, as of this summer Russia not only has this framework but it already has the first pilot art securitization project on the way.
If you wanted proof that New Yorkers think of bicyclists more as pedestrians than as vehicles, all you need to do is look at this graphic in the NYT, which shows how Broadway is used between 59th Street and 17th Street. The lanes are labeled with only two colors: orange and green. Orange is vehicles: dotted means parked cars, while solid means they’re moving. Green is, well, pedestrians, or that conceptual combination of pedestrians-and-bicyclists: dotted means on foot, while solid means they’re moving, ie they’re on a bicycle.