Author Archives: Felix

White wine contest results

Looking at the people who judged the taste and not just the price of the wine, the results were close, but unambiguous: the best wine was C, the Massiac — more people judged it their favorite than any other wine, according to a show of hands I asked for, and it also got the highest average rating. … Wines A and C — the two French wines, which were also the most and the least expensive wines respectively — both got 13 (out of 44) votes as being the most expensive wine, and both got 4 votes as being the cheapest.
Continue reading

Posted in Not economics | 39 Comments

A public wine contest

Michelle and I have organized a wine contest to be held in the beautiful tasting room at the lovely Pasanella and Son vintners , in the South Street Seaport where Michelle’s Sea Warriors public art exhibition is going to be held. The contest will double as a fundraiser for the art project, which will involve flying pirate flags from vintage lampposts; if you donate more than a certain amount, you get to keep one of the flags for yourself when the project comes down.
Continue reading

Posted in Not economics | 42 Comments

Studio Sale

The official announcement: Flat file sale by the work of Michelle Vaughan… there will be drawings/paintings from past series, plus a few special pirate pieces. … Studio Sale Thursday, June 4th 5-8pm 10 Jay Street #609 Brooklyn, NY 11201 (F Train to York Street, or A/C Train to High Street)
Continue reading

Posted in Not economics | 49 Comments

Pedestrianize Broadway! (Redux)

Now it seems there’s a non-zero chance that my dream will come true and that the current plan to close off small chunks of the Great White Way is only the beginning: If the Broadway plan does succeed, the next step (though Sadik-Khan is not talking this way publicly) will likely be to close more sections of Broadway until one day in the near future the entire boulevard has been converted to pedestrianized open space. … Imagine a Manhattan with two major parks: one built in the nineteenth century as a confined space of bucolic wonder; the other refashioned in the 21st century as a long, open boulevard slicing the island on the diagonal.
Continue reading

Posted in Not economics | 37 Comments

Pig’s head

After grabbing some ingredients at the shop and shoving a pig’s head in my bicycle basket, Felix and I rode over the Williamsburg Bridge back to the East Village while the head wobbled behind me. … After adding fresh water, wine, leeks, onions, garlic, carrots, celery and pepper, we dumped Sally (I had to give it a name, my god it was staring at us all day) back into the pot to simmer for 6 hours.
Continue reading

Posted in Not economics | 59 Comments

Another Reason for Banks to be Small

Mike at Rortybomb finds some empirical research on what happens to loan rates when banks get bigger and more consolidated. The results make intuitive sense: as competition falls, loan rates go up. The exception is loans which can be securitized, … Continue reading

Posted in banking | 68 Comments

GM’s Whining Bondholders

Andrew Ross Sorkin takes aim at GM’s bondholders today: Not three hours after the president spoke on Monday I received an e-mail message from a group representing G.M. bondholders — people who are likely to have an enormous influence over … Continue reading

Posted in bailouts, bonds and loans | 47 Comments

Moving to Reuters

As you might have heard, I’m moving my blog from Portfolio to Reuters. The new blog will be here, and the Reuters RSS feed will be here. But if you read my by subscribing to the felixsalmon.com “all posts” feed, … Continue reading

Posted in Announcements | 72 Comments

Extra Credit, Monday Edition

Why size matters: Steve Waldman is a fan of banks getting smaller. In Market Cap, Google Now Bigger Than GE The Taiwanese war against tax evasion: Clever. The Government Crackdown on Peer-to-Peer Lending: I think it should be regulated by … Continue reading

Posted in remainders | 15 Comments

Whither This Year’s MBAs?

One thing drilled into every MBA student is that sunk costs are irrelevant, while opportunity costs are paramount. Which is a lesson this year’s graduating class will put to good use. Let’s say that in any given year, there’s a … Continue reading

Posted in education | 13 Comments