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Whale Song Explained Medium. Developing a musical notation for whale songs!
Our Vanishing Flowers NYT (SF)
Holder Defends Record of Not Prosecuting Financial Fraud Dan Froomkin, The Intercept
Lawsuit Says Manhattan Real Estate Was Used to Launder Money WSJ. Your winnings, sir.
SEC’s hedge fund reviews show advisors keeping trades for themselves Francine McKenna, Market Watch
The tangle of loose lending to tight oil Gillian Tett, FT. No derivatives, I trust.
The Financial Crisis: Lessons for the Next OneAlan S. Blinder and Mark Zandi, Center for Budget and Policy Priorities. Victory lap.
There’s No Way to Avoid Default Without Raising the Debt Limit, Treasury Says WSJ. The nut graph:
“Third, Treasury dismisses again several outlandish ideas to continue borrowing money after running out of cash-management steps to remain under the debt limit, including one that would have President Barack Obama invoke the 14th amendment to issue debt above the limit or to mint a large-denomination platinum coin to raise cash without exceeding the debt limit. Neither of those steps are legal, the Treasury said.”
Well, pace Citi’s Jacob Lew, plenty of people found the platinum coin both “landish” and legal.
Greek-owned fleet increases global market share, retains lead, as global fleet growth slows down International Shipping News
On the Statistical Properties and Tail Risk of Violent Conflicts Pasquale Cirillo and Nassim Nicholas Taleb, SSRN. Conflict investors need to know!
Tycooniest LRB. On Trump.
Trump faces backlash for blaming ex-President George W. Bush for 9/11 USA Today. He transgressed the unwritten law, so they nailed his head to the floor. How soon we forget:
We’ve known for years now that George W. Bush received a presidential daily briefing on Aug. 6, 2001, in which he was warned: “Bin Laden Determined to Strike in U.S.” We’ve known for almost as long that Bush went fishing afterward.
What we didn’t know is what happened in between the briefing and the fishing, and now [Ron] Suskind is here to tell us. Bush listened to the briefing, Suskind says, then told the CIA briefer: “All right. You’ve covered your ass, now.”
Of course, Bush doesn’t deserve sole blame. But this “he kept us safe” talking point is such a steaming load.
Among Christie donors, a slew of state contractors Philadelphia. Christie making Philly look clean…
Kadner: The mayor who failed Chicago’s children Chicago Tribune
Two new polls show Liberals headed toward win Montreal Gazette. The polls showed the same for Labour in the UK
In Unpredictable Canadian Elections, Plurality Is More Important Than Popularity NYT. First past the post again…
U.K., China Poised for Deal on World’s Costliest Nuclear Plant Bloomberg. What could go wrong?
— WikiLeaks (@wikileaks) October 17, 2015
Big Brother Is Watching You Watch
Drone users will have to register with the U.S. government Daily Dot. That was fast.
Can Facebook solve the family attribution gap? Venturebeat. That is, how can venture capital help to arrange for children to manipulate their parents into buying stuff?
Global Wealth Databook 2015 (PDF) Credit Suisse. “Thought leadership from Credit Suisse Research.”
Companies to Workers: Start Saving More—Or We’ll Do It for You WSJ. Because the 401k has been such a success….
Lars Dalgaard: Build Trust by Daring to Show That You’re Human NYT. Venture capitalist seeks to pass the Turing Test.
The Hostile Email Landscape Liminality. Emailer oligopoly rejects mail from self-hosted servers. “This isn’t how the internet is supposed to work.”
The Good, the Bad, and the Ugly The Power Of Narrative. Opera, then Alice Miller. Silber is always worth a read.
Relive the famed ‘Bush Push’ game with the USC and Notre Dame players on the field Los Angeles Times. I don’t like football much, anymore, but this story weaves great quotes into a timeline beautifully.
Antidote du jour:
A member of the Scottish National Antarctic Expedition plays the bagpipe for a penguin, 1904.