Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
After failing to criminally prosecute any of the financial firms responsible for the market collapse in 2008, former attorney general Eric Holder is returning to Covington & Burling, a corporate law firm known for serving Wall Street clients. The move completes one of the more troubling trips through the revolving door for a cabinet secretary. Holder worked at Covington…
The answer was extremely basic. The rule was simply: Each number must be larger than the one before it. 5, 10, 20 satisfies the rule, as does 1, 2, 3 and -17, 14.6, 845. Children in kindergarten can understand this rule. But most people start off with the incorrect assumption that if we’re asking them…
While the Chinese recently found out that making money from trading is, in fact, not “easier than farmwork,” it appears in America, trading stocks is back en vogue… Meet 2014 Playmate of the Year, Kennedy Summers, who has given it all up to become a day trader… Trading Stocks – It’s Easier Than Farmwork… And…
We asked for your nightmare tales of startup employment. Did you ever deliver—sending narratives of woe, scams, drugs, psychotic managers, drinking at your desk and more hookers than a venture capitalist could handle. The One With All the Drugs and Douches K writes: I moved to Silicon Valley as a youthful, totally oblivious woman. I’d…
After days of violent protests and defiance on the part of Uber’s French management, two of the company’s employees were taken into custody for “illicit activity” today. Uber France CEO Thibaut Simphal and Uber European GM Pierre-Dimitri Gore-Coty were arrested for running the company’s ride-sharing service illegally. TechCrunch reports the pair is also being held…
French taxi drivers overturned cars, burned tires and blocked access to airports and train stations in a second day of violent protest Thursday against competition from the ride-sharing service Uber. Hundreds of licensed cabbies, who say competition from the popular service is cutting into their income and threatening their jobs, converged on cities to stage…
Car service giant Uber Technologies told prospective investors it is generating $470 million in operating losses on $415 million in revenue, Bloomberg News reported late Monday, citing a company document. The document showing the large operating losses is being used to sell between $1 billion and $1.2 billion in convertible bonds but does not provide…
Standard & Poor’s Ratings Services lowered Greece’s credit rating one notch further into junk territory on Tuesday, saying Prime Minister Alexis Tsipras is threatening the country’s economic stability by sending creditors’ latest proposal to a public vote. The country’s long-term credit rating was lowered to “CCC minus,” from “CCC.” The ratings agency said it now…
Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras says. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Mr Tsipras said Greek deposits were safe. Greece is due to make a €1.6bn (£1.1bn) payment to the International Monetary Fund…
[Rendering via VisualHouse.] There are a lot of really, really expensive apartments poised to enter the market in the next few years (we’re lookin’ at you, 220 Central Park South and Nordstrom Tower) that will join the ranks of the city’s already-inundated luxury market. A few questions have been floating around for a while: when’s…