Author Archives: Felix

Axios Edge: Tech is eating restaurants’ lunch

“The real purpose of digital capitalism is to extract value from the economy and deliver it to those at the top.”

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Axios Edge: Meltdown!

The world is angry.

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Axios Edge: Good monopolies — Bad conferences — Broken flywheels

1 big thing: The case for exchange monopolies

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Scoop: The grandees headed to Saudi Arabia’s “Davos in the Desert”

Never mind the murder of Washington Post columnist Jamal Khashoggi — there’s money to be made. That’s the clear message sent by the list of grandees scheduled to attend the Future Investment Initiative in Riyadh, Saudi Arabia later this month.

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Axios Edge: Parochialism — Philanthropy — Banksy

For all that CEOs increasingly talk of their “moral duty to speak up,” those moral duties seem to be left on the tarmac whenever they hop on their corporate jet.

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Axios Edge: Rules — Tweets — Congestion

Capitalism works best when everybody is playing by the same rules. Right now we seem to be moving away from that ideal.

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Axios Edge: Unreliable markets — Unreliable do-gooders — Reliable sociopaths

Don’t trust the markets.

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Axios Edge: Epstein’s billionaire enablers

“‘Jeffrey has friends who owe him favors, and they’ll be making the donations to MIT.’ ‘Favor’ was a word that was used.”

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Jeffrey Epstein’s circles of complicity

Dozens of rich and influential men surrounded Jeffrey Epstein. They knew that what they were doing was wrong. That’s why they were so secretive about it.

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Axios Edge: Disintegration — Deductions — Divergence

It’s the end of the world as we know it.

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Collectors are now collecting museums, not the other way around

Seats on boards offered by major museums are increasingly being used to serve the narrow agendas of the ultra-rich

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Nota bene: Mass shootings

I am going to say something very controversial but terrorism is bad.

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Axios Edge: Decelerating trade, accelerating money

Everybody’s scared.

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Axios Edge: Powell’s constraints — Monopolies — Piketty revisited — Citi

Jay Powell did his best impression this week of a Fed chair making his own data-driven decisions about where he should set short-term interest rates. The reality, however, is that the markets and the president are giving him very little … Continue reading

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Axios Edge: Symmetry — Safariland — Sports

1 big thing: The ECB likes inflation now

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Axios Edge: Media wars — Warren vs. Wall St. — High-tech mortgages

The media consumption wars are heating up.

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Axios Edge: Fake billionaires — Metal plastic — $34,000 wine

Fake billionaires, the decline of legacy brands, volatile homes, Deutsche’s woes, Facebook’s woes, metal plastic, the downside of summer break, and even some wine content. Enjoy!

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Axios Edge: The ideal ECB president

The ideal ECB president

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Axios Edge: There are so many things for central banks to worry about

Most fintech startups espouse two lofty goals: disrupting the banks and serving the underserved.

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Axios Edge: Libra — Kiva — Kashkari — Sotheby’s — Slack

Don’t bother worrying about Libra

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Axios Edge: Unicorns are real — YouTube’s lack of principles — Ticketmaster

Unicorns are real, and they’re stampeding

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Axios Edge: Fed unpredictability — Jay-Z’s $310m Champagne — Chewy goes public

Jay Powell doesn’t know what he’s going to do with interest rates.

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Axios Edge: The biggest tax hike in 30 years

This is the worst possible time to start a trade war with Mexico.

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Axios Edge: Facebook’s cryptocurrency — Resurgent nationalists — Non-lender lenders

The promise of Facebook’s GlobalCoin

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Axios Edge: Unbundling houses — Valuable rabbits — The world’s biggest elections

Just how dangerous are leveraged loans?

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