Felix Salmon

Counterparties: This time is entirely normal

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The problems with measuring traffic congestion

Back in July, I gave a cautious welcome to TomTom’s congestion indices. The amount of congestion in any given city at any given time does have a certain randomness to it, but more data, and more public data, is always a good thing.

Give Corbat some time

Peter Eavis has the most dramatic of the second-day pieces on the shake-up at the top of Citigroup:

Counterparties: Pandefenestration

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When bank boards flex their muscles

Vikram Pandit’s resignation might have come as a surprise to just about everybody, but the bank’s website seems to be fully updated: go to the board of directors page, and there’s Mike Corbat, CEO.

Padraic Fallon, 1946-2012

Padraic Fallon died on Saturday night, age 66. The news came as a shock to me, not least because I was pretty sure that Fallon was 66 years old back in 1995, when I first met him. Euromoney, naturally, is the place to turn for a characteristically warm and spicy remembrance, but you can be sure that across London — and large swaths of Ireland, too — there are thousands more such remembrances being retold tonight, always with an alcoholic accompaniment.

Counterparties: Economists who did good

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Why there’s less high-frequency trading

Nathaniel Popper arrives today with something that looks like good news on the high-frequency trading front: there’s less of it!

Chart of the day, pumpkin edition

pumpkin.jpg

I have a short piece about pumpkin in the latest issue of New York magazine, trying to work out why has started to become almost as ubiquitous as bacon at this time of year. After all, bacon is delicious; pumpkin, not so much.