Counterparties Edited by Felix Salmon & Ryan McCarthy
What is Counterparties?
"In 1978 the Bee Gees accounted for 2 percent of the entire record industry's profits"
"In 1978 the Bee Gees accounted for 2 percent of the entire record industry's profits." @ParisReview http://t.co/7SQXlVaUNV #longreads
On average, American adults smoke 1,300 cigarettes per year
The millennial daughter of the head of the Mortgage Bankers Association will continue renting, thanks
"Empirical evidence suggests 'British values' are not to be encouraged"
NYC has 21% of the country's bank deposits
Not one person has died on a Citi bike
Here's how many people died on Citi Bikes in the program's first year: http://t.co/71GVzrqUCQ http://t.co/eVSM9jBZ8G
Inflation rises! (to the still very low and beneath Fed target level of 1.6%)
U.S. consumer spending dips; inflation creeps up http://t.co/Ux9cApL2UH
Compared to actual writing, readers don't really like native ads
First quarter GDP numbers were revised to show the economy contracted by 1%
Robert Gordon: "Nobody thinks that there’s any significance to the first quarter being negative"
Over the last two centuries, the stock market provided great 40-year returns
6 hrs ago
Half of America’s obese youth don’t know they’re obese
6 hrs ago
The relationship between CEO pay and stock price is pretty much random
A history of autocorrect
Chinese government may lift restrictions on property purchases
The more you know
Hong Kong is the ideal city for a spy
Finance and politics are really boring
Americans wouldn't buy 1/3 pound burger because they thought a quarter pounder had more beef
70% of Twitter's employees, and 79% of its leadership, are men
Gary Cohn wanted to let Charlie Gasparino know that if he can handle Charlie, he can handle a stiff drink
Deutsche's internal controls are part sensory deprivation chamber, part funhouse mirror
"Smartphones don't just increase the size of the internet by 2x or 3x, but more like 5x or 10x"
Dodd-Frank is finally paying off
Why does Wall Street use a different kind of macroeconomic modeling than academia?
Larry Summers on secular stagnation and the Ex-Im Bank
Sovereign Debt Problems
A meeting with bondholders "had to be postponed, because the Argentineans said they could not get here in time"
Financial regulator named as the head of financial industry lobbying group
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