Shane's Feed
Mar 25, 2014
via Counterparties

Discovering pyramids

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The hedge-fund equivalent of Stalingrad grinds on. Two weeks ago, the Federal Trade Commission launched a formal investigation into Herbalife, asking whether the company is set up as an illegal pyramid scheme — a process that could take 12-18 months. The move, which is “not an indication of wrongdoing”, nevertheless caused Herbalife’s stock to drop from more than $66 a share on March 10 to $53 today. On Saturday, with the stock at $49, Bloomberg reported that Bill Ackman is near breaking even on the $1 billion short he’s had against the company since December 2012. (Ackman was down as much as $500 million near the end of last year.)

Mar 25, 2014
via Counterparties

Discovering pyramids

Welcome to the Counterparties email. The sign-up page is here. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

The hedge-fund equivalent of Stalingrad grinds on. Two weeks ago, the Federal Trade Commission launched a formal investigation into Herbalife, asking whether the company is set up as an illegal pyramid scheme — a process that could take 12-18 months. The move, which is “not an indication of wrongdoing”, nevertheless caused Herbalife’s stock to drop from more than $66 a share on March 10 to $53 today. On Saturday, with the stock at $49, Bloomberg reported that Bill Ackman is near breaking even on the $1 billion short he’s had against the company since December 2012. (Ackman was down as much as $500 million near the end of last year.)

Mar 24, 2014
via Counterparties

Crimea punishment

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Last Thursday, after Russia voted to annex Crimea, the US announced another round of economic sanctions against Russian officials. The new list includes twenty people and Bank Rossiya, in addition to the eleven already sanctioned earlier last week. On Thursday, Russia responded by putting out its own list of banned American politicians, including Senators John McCain and Harry Reid.

Mar 24, 2014
via Counterparties

Crimea punishment

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

Last Thursday, after Russia voted to annex Crimea, the US announced another round of economic sanctions against Russian officials. The new list includes twenty people and Bank Rossiya, in addition to the eleven already sanctioned earlier last week. On Thursday, Russia responded by putting out its own list of banned American politicians, including Senators John McCain and Harry Reid.

Mar 21, 2014
via Data Dive

Why you should start saving for retirement at 25

JP Morgan reminds the world this morning that compound interest is a beautiful thing. The bank recently released its 2014 guide to retirement. One of the slides shows the benefits of starting saving early:

Sam Ro at Business Insider explains:

Intuitively, it makes sense that Chris would end up with the most money. But the amount he has saved is astronomically largely than the amounts saved by Susan or Bill.

Mar 21, 2014
via Data Dive

Why you should start saving for retirement at 25

JP Morgan reminds the world this morning that compound interest is a beautiful thing. The bank recently released its 2014 guide to retirement. One of the slides shows the benefits of starting saving early:

Sam Ro at Business Insider explains:

Intuitively, it makes sense that Chris would end up with the most money. But the amount he has saved is astronomically largely than the amounts saved by Susan or Bill.

Mar 20, 2014
via Counterparties

Fixing the forex fix

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The scandal that could be more serious than Liebor involves an equally arcane and fundamental component of international finance: London’s daily foreign exchange fixes. These are the rates that traders give to clients, and they are set – “fixed” – at specific times throughout the day. The most important fix is at 4 pm London time. The FT reports that the investigation involves a dozen different regulators in Europe, the US, and Asia, as well as more than 15 commercial banks, and the UK’s central bank.

Mar 20, 2014
via Counterparties

Fixing the forex fix

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

The scandal that could be more serious than Liebor involves an equally arcane and fundamental component of international finance: London’s daily foreign exchange fixes. These are the rates that traders give to clients, and they are set – “fixed” – at specific times throughout the day. The most important fix is at 4 pm London time. The FT reports that the investigation involves a dozen different regulators in Europe, the US, and Asia, as well as more than 15 commercial banks, and the UK’s central bank.

Mar 20, 2014
via Equals

Is there a gender gap in tech salaries?

Recently, Cynthia Than wrote a piece for Quartz entitled “There is no gender gap in tech salaries,” which concluded just that. The truth, however, is quite a bit more complicated than that. What follows is the original text with my annotations; you can also read Than’s follow-up post here. Read “Is there a gender gap in tech salaries?” by Cynthia Than on News Genius

Mar 20, 2014
via Equals

Is there a gender gap in tech salaries?

Recently, Cynthia Than wrote a piece for Quartz entitled “There is no gender gap in tech salaries,” which concluded just that. The truth, however, is quite a bit more complicated than that. What follows is the original text with my annotations; you can also read Than’s follow-up post here. Read “Is there a gender gap in tech salaries?” by Cynthia Than on News Genius