Elsewhere on Friday,
– What Donald Trump needs to know about Bob Mueller and Jim Comey.
– Guntram Wolff: What could a euro-area finance minister do?
– After surveying a world plunged into perpetual chaos and fear Jon Corzine decides to start managing money again.
– Also, “Bill Ackman said on Thursday he is poised to go on a great investment run after a humiliating bet forced his hedge fund firm to return to basics.”
– Ryan Avent on how to negotiate the trade-off between competition and collaboration.
– Taibbi pulling no punches: Roger Ailes was one of the worst Americans ever.
– The end of competition?
– What does that financial-regulatory Rorschach test, the “Twenty-First Century Glass-Steagall,” really mean? And how “Mnuchin’s response at times approached the cosmic incomprehensibility of a Buddhist koan”.
– NY Fed’s Lorie K. Logan on implementing monetary policy: Perspective from the open market trading desk.
– “Why does it feel like every time stocks falls a little, they’re going to fall a lot?”
– There’s now a SHAG ETF ticker. That is all.
The hacker has been very cooperative with us. He/she wanted us to acknowledge security vulnerabilities in our system and work with the ethical hacker community to plug the gaps. His/her key request was that we run a healthy bug bounty program for security researchers.
We are introducing a bug bounty program on Hackerone very soon. With that assurance, the hacker has in turn agreed to destroy all copies of the stolen data and take the data off the dark web marketplace. The marketplace link which was being used to sell the data on the dark web is no longer available.
– New paint colors invented by neural network… Grey Pubic is particularly lovely.
– Signpost to what may or may not be ‘the top’: “Jean-Michel Basquiat’s powerful 1982 painting of a skull brought $110.5 million at Sotheby’s, to become the sixth most expensive work ever sold at auction.”
– Relatedly, a skilled Sotheby’s auctioneer accidentally sells self for $2.5m.
– Bentley proving that you can’t parody luxury:
A natural continuation of the thinking that created the successful Bentayga Fly Fishing by Mulliner, this falconry kit showcases the attention to detail and innovative approach to bringing a customer’s passions together with their personalised Bentley.
The Bentayga Falconry by Mulliner is an exquisite installation designed to house everything you need for a successful falconry expedition, fitted into the boot of your Bentayga. Hand-crafted by Bentley’s bespoke commissioning division; it is at once practical while delivering the pinnacle of luxury that Mulliner promises.
– Prepare your empathy centres folks: “Lottery millionaire’s son spent £1.6m – then sued his father for more cash”
– Kicking, screaming Warren Buffett dragged from Caesars Palace after losing everything at roulette wheel.
– Further, further reading.