Felix Salmon

Schwab’s lies

By Felix Salmon
January 14, 2011

Floyd Norris has a great column today taking Charles Schwab to task for its egregious behavior surrounding the ill-fated YieldPlus fund. Charles Schwab lied about the fund to the people who invested in it, and has not apologized for doing so: instead, the company just says that “we regret that fund shareholders lost money in YieldPlus.” Yeah, I’ll bet they do.

Counterparties

By Felix Salmon
January 14, 2011

Why you should never, ever use two spaces after a period — Slate

IBM builds a supercomputer to play Jeopardy — AP

Pharo to offer shares denominated in renminbi — FT

How much would you bid for a piece of paper with a chap’s name on it? — eBay

The US won’t default, even if the debt ceiling stays

By Felix Salmon
January 13, 2011

Greg Ip makes a very important point today, which I haven’t seen made anywhere else*: even if the US debt ceiling isn’t lifted, that doesn’t mean the government will default.

Algorithmic trading and market-structure tail risks

By Felix Salmon
January 13, 2011

I’m on Fresh Air today, talking about the Wired article on algorithmic trading which I wrote with Jon Stokes. Norm Cimon, who wrote a very interesting paper on the limits of financial databases, read it, and emailed with an important point:

The business lobby takes on healthcare reform

By Felix Salmon
January 13, 2011

What business, big or small, doesn’t like a government bailout? That’s what the Obama healthcare bill is, in oversimplified terms, from the point of view of employers: up until now they’ve been struggling with soaring healthcare costs, and now the government is stepping in to relieve some of that burden.

Counterparties

By Felix Salmon
January 13, 2011

The ultimate Steve Jobs fantasy — a truly buttonless device – looks like it’s coming true at Apple — BGR

Dealing with Britain’s overpaid bankers

By Felix Salmon
January 13, 2011

Bagehot has a very odd column about Britain’s overpaid bankers. Part of it is spot on:

The behavioral case for the debt ceiling

By Felix Salmon
January 12, 2011

John Carney takes a stab at answering my question about why we have a debt ceiling, saying that it “helps raise public awareness about the costs of government”:

Algo-powered curation

By Felix Salmon
January 12, 2011

Paul Kedrosky has a great little essay today on the way that curation is set to be the new search, since the utility of the old search is steadily declining.