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Author Archives: Felix
Corporate Water Reporting: Weak
One expects companies in water-intensive industries such as mining to carefully audit their use of water. They don’t.
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The Necessity of the Closet
Why it’s overly simplistic to say that Lord Browne should never have been in the closet in the first place.
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Posted in defenestrations
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Follow-ups: Chase, Rogoff
Chase responds to the security-breach video; Le Monde falls for Ken Rogoff’s fake Wolfowitz memo.
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Posted in banking, world bank
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Lord Browne: Victim of Homophobic Persecution
Browne is very much the victim here. The Daily Mail, which paid over $100,000 to Chevalier for his kiss-and-tell story, is the homophobic persecutor, using the flimsiest of excuses to out the former BP chief.
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Posted in defenestrations, Media
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Hedge Fund Leverage Falling
The UK’s FSA says that hedge-fund leverage is falling. But its survey doesn’t — can’t — tell the whole story.
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WSJ on the WSJ
Has Rupert held out a promise of editorial independence for the Wall Street Journal?
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Posted in Media, publishing
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The Tragedy of John Browne
Lord Browne was brought down at the intersection of two explosively dangerous institutions: the closet, on the one hand, and the UK legal system, on the other.
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Posted in defenestrations
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News Corp-Dow Jones: Hope Yet For Rupert
The unions hate
it. The owners are going to vote
against it. The New York Observer says that it’s sunk.
So is there any hope for Rupert Murdoch in his bid to buy Dow
Jones?
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Posted in M&A, Media, publishing
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Does Economics Reduce Poverty?
The number of people living on less than a dollar a day is decreasing. Can economists claim any credit?
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Posted in development, economics
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Wolfowitz, Rogoff, and Intrade
Ken Rogoff laughs in Paul Wolfowitz’s face.
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Posted in technocrats, world bank
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Murdoch-Dow Jones Roundup
Instant reactions to the Dow Jones news.
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Murdoch bids for Wall Street Journal
The Wall Street Journal is the kind of property that newspapermen spend entire lifetimes dreaming about owning.
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Posted in M&A, publishing
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Were There Accounting Problems at New Century?
The New York Times thinks there were. But the New York Times might not be right.
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Posted in housing
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How Not to Keep Your Job
On Charlie Wilson, Randall Tobias, Alan Clark, and Paul Wolfowitz.
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Posted in defenestrations, development, technocrats
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Real Estate Datapoints of the Day
New York’s office buildings are expensive. London’s are ridiculous.
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Department of Home Security
The enormous sums spent on “security” for CEOs.
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Hostile Bankers
Is Fred Goodwin the only banker to have launched a hostile takeover bid?
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Giving Muckraking a Good Name
Chase leaves its customers’ information – names, account numbers, social security numbers, loan applications, you name it – in the trash outside its Manhattan branches.
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In Which I Envy Brad DeLong’s Lunch
Brad DeLong has more interesting lunches than you do.
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Will a Carbon Tax Reduce Developing-Country Emissions?
Is Larry Summers’s Big Idea a carbon tax?
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Posted in climate change
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David Lereah, Not Quite RIP
The NAR’s chief economist leaves his pulpit.
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Posted in defenestrations, housing
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Finance Ministry vs Central Bank
Agustin Carstens critizes his country’s central bank.
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Carlyle Group Tops Private Equity Table
Carlyle Group, KKR, Goldman Sachs, and Blackstone Group all raised $30 billion or so over the past five years.
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Ken Griffin vs John D Rockefeller
Griffin earns more than Rockefeller did, as a multiple of average earnings.
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BofA Threatens to Sue ABN for Three Gazillion Dollars
Add a $220 billion lawsuit to the ABN Amro craziness.
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Posted in banking
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