Felix Salmon

Bike lane datapoints of the day

Matt Chaban has found a new study from Manhattan borough president Scott Stringer, looking at the amount of misbehavior going on in New York’s bike lanes. I’ve uploaded the study here and embedded it below; many thanks to Stringer for putting together the resources to make it happen. The study’s main finding will come as no surprise to anyone, although it’s good to have in vaguely empirical form:

The cost of being unbanked

Candice Choi has a great first-person story about the cost of not having a bank account. She gave up her account for a month, to experience the inconvenience and expense of being unbanked at first hand.

Strategic default just got a lot more attractive

Has Bank of America’s PR department been taking lessons in gnomic utterances from Alan Greenspan? Here’s their announcement today in full:

Time’s running out for job growth

There’s absolutely nothing to get excited about in the September payrolls report. America has substantially fewer jobs than it did a month ago, in what is meant to be a growing economy. Even the uptick in private-sector employment (+64,000) is pretty pathetic: it’s not enough even to keep up with population growth, let alone to make a dent in the unemployment rate, which stays at 9.6%.


Obama will use a “pocket veto,” which will effectively kill the foreclosure legislation — WaPo

Judging TARP

Warren Olney had a very interesting conversation this afternoon about TARP, as the official disbursements come to an end and the debate begins over whether or not it succeeded.

Where is the foreclosure mess leading?

Yves Smith and 4closureFraud have doing an astonishingly good job of keeping on top of all of the legal matters surrounding mortgage foreclosure. There are lots of them — do you know what phony allonges are? — and they are all very complicated, and they vary from state to state and from bank to bank, with the result that it’s really hard to sum it all up in a simple overview. But it’s impossible to read those sites and not conclude that we’re at the early stages of an absolutely monster legal mess.


The US govt spent $1.15 billion in investment-banking fees in the first 9 months of 2010 — Fortune

Bloomberg’s move into consumer media

Bloomberg CEO Dan Doctoroff wants to become a fully-fledged media mogul, not just in the hermetic space of financial terminals, but in consumer-facing media too. He tells Keith Kelly that the more inescapable Bloomberg’s media properties are, the better the terminals will do: