Counterparties

By Nick Rizzo
August 22, 2011

It appears Muammar Gaddafi’s regime in Libya has more or less fallen. Right now, I’m thinking about Mahdi Ziu (from this great April Times article on the Libyan revolution), and wishing that Tim Hetherington and Chris Hondros were taking pictures in Tripoli today.

Manhattan District Attorney Cy Vance, Jr. will apparently ask a judge to dismiss all charges against former IMF head Dominique Strauss-Kahn.

“Groupon is the invisible hand of capitalism sucker punching good restaurants that deserve to succeed and helping out mediocre venues that deserve to fail.” – Bloomberg critic Ryan Sutton on his new crusade against bad restaurant deals.

Representatives from the Obama administration are said to be pressuring New York Attorney General Eric Schneiderman into settling with major banks over “dubious foreclosure practices.” And Bloomberg reports that the largest banks have received as much as $1.2 trillion in loans from the Fed.

Skype will acquire group messaging startup GroupMe for a reported $85 million. GroupMe’s been around less than eighteen months; angel investors like Lerer Ventures have made quite a bit of money, while Series B leader Khosla has almost tripled its investment in barely nine months. One expects founders Jared Hecht and Steve Martocchi also came out nicely, though still a far cry from Zuckerberg money.

The boy was 13 when a dawn immigration raid abruptly ended his father’s four-year quest for political asylum in Britain. By nightfall of that day in 2005, father and son were hundreds of miles from home, locked in the privately run Yarl’s Wood Immigration Removal Center here, scheduled for deportation to their native Angola in the morning.

Instead, shortly after midnight, the despondent father, Manuel Bravo, 35, walked to a stairwell with a bed sheet and hanged himself. The note he left said why: so that his orphaned boy could stay in Britain.

-Yesterday’s incredible, front page NYT piece on a particularly awful British asylum situation is like a cross between Charles Dickens and Zadie Smith. If you haven’t already, please, please read it.

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