Falcone Agrees To Step Aside (WSJ)
Hedge-fund manager Philip Falcone agreed to step aside eventually as the public face of his LightSquared Inc. venture, a concession that may keep the wireless-telecommunications company from defaulting on its debt, people familiar with the negotiations said. Mr. Falcone’s compromise is expected to prompt LightSquared’s lenders to approve a one-week extension on a debt-term violations waiver that expires Monday morning, the people said. If a deal is finalized, Mr. Falcone and LightSquared’s lenders plan to continue negotiations for a longer extension of somewhere between 18 months and two years, the people said…Mr. Falcone has said he viewed bankruptcy as the “best way” for him to keep control of the company and keep it from creditors he believes want to “take control and flip” the firm.
Occupy Wall Street Plans Global Disruption of Status Quo May 1 (Bloomberg)
In New York, Occupy Wall Street will join scores of labor organizations observing May 1, traditionally recognized as International Workers’ Day. They plan marches from Union Square to Lower Manhattan and a “pop-up occupation” of Bryant Park on Sixth Avenue, across the street from Bank of America’s Corp.’s 55-story tower. “We call upon people to refrain from shopping, walk out of class, take the day off of work and other creative forms of resistance disrupting the status quo,” organizers said in an April 26 e-mail…Tomorrow, beginning at 8 a.m. in Bryant Park, scheduled events include teach-ins, art performances and a staging area for “direct action and civil disobedience,” such as bank blockades.
RBS M&A Bankers Plan Boutique Spin-Off (Reuters)
The bank, 82-percent owned by the British government, is exiting mergers and acquisitions as part of a restructuring announced in January aimed at reducing costs and exposure to areas of investment banking deemed risky by the authorities. Sources told Reuters last week that the M&A business would be spun off, with around 45 bankers from RBS joining the new firm led by John McIntyre, currently head of corporate finance for EMEA at the bank.
Romney Holds Fund Raiser At John Paulson’s House (TDB)
FYI: A neighbor who witnessed the event from across the street described it to as a large crowd of “older white people, mostly men,” who started showing up around 7:30 p.m. Thursday. Around 8 p.m., sirens started blaring as more and more people started to show.
Hedge Funds Hurt By Volatility (WSJ)
All told, U.S.-based funds that bet on and against stocks had a median return of -0.92% from April 1 through April 13, according to data from Morgan Stanley’s MS -1.51% prime brokerage, after having returned 1.16% in March. Returns improved as the markets stabilized. Through April 26, the median return was down 0.03% for the month.
City Mulls Happy Hour Ban (NYP)
“It’s absolutely been discussed,” confirmed a department source. “It goes to show you the spirit with which they operate. Everyone is a child.” High-level conversations have gone beyond merely “throwing pencils on the ceiling and seeing what sticks,” another Health source revealed. Sources said the happy-hour ban is being pushed by the agency’s marathon-running boss, Commissioner Thomas Farley, and is serious enough for one source to say the alcohol lobby had better find itself a good lawyer. Agency spokesman Sam Miller denied existing “plans to pursue any policy around discount-alcohol sale.”
Goldman: US Likely Added Only 125,000 Jobs in April (CNBC)
The forecast is far lower than the Reuters estimate of 170,000, and the average 177,250 jobs created every month from December to March.
Hedge Funds Bet Against Eurozone (FT)
“The deeper balance of payments problems in the eurozone remain unresolved, and cannot be resolved by liquidity assistance alone,” noted Brevan Howard, Europe’s biggest global macro hedge fund in its last letter to investors.
Shiller: We Are in Age of ‘Late Great Depression’ (CNBC)
“Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now,” Shiller said.
Goldman’s O’Neill Reported Among Candidates for BOE Chief (Bloomberg)
When asked in September 2007 if he would be interested in the role at a time when the government was considering whether to reappoint King, O’Neill told John Dawson on Bloomberg Television that he couldn’t imagine that “anyone would be daft enough to offer it to me.” He added that he very much enjoyed his then job as head of global economic research at Goldman Sachs.
Titanic II Planned by Billionaire Palmer in Chinese Yard (Bloomberg)
Australian mining billionaire Clive Palmer plans to build a 21st-century replica of the Titanic and sail it from England to New York accompanied by the Chinese navy by the end of 2016. He has signed a first-stage agreement with Nanjing-based CSC Jinling Shipyard to build the ship as part of a planned fleet of luxury liners, the Gold Coast, Queensland-based businessman said in an e-mailed statement today.
8:31am?!?!
WTF. Accompanied by the Chinese navy from London to NY? Lets play battleship
Hold on, a Romney fundraiser hosted by Paulson drew a large number of older white men?? I'm writing as fast as I can here.
So we're going to let these OWS idiots slow business to a crawl whilst proposing Zero solutions,
and
we're going to ban happy hour SPECIALS, not even the actual drinking aspect, just the discounts.
"Lasciate ogne speranza, voi ch'intrate"
Sorry man, I don't speak your booga-booga language.
historically chinese naval vessels never went beyond the west indian ocean, and that rarely and without permanence. they left the pacific completely unexplored. it remained so until the establishment of european hegemony.
So they want to turn NY into Italy, except without the women, the food, the wine, the architecture, and the climate.
Great.
“We call upon people to refrain from shopping, walk out of class, take the day off of work and other creative forms of resistance "
Walk out of class? awesome. that will really be something.
He'll step aside but he'll still sit in a golden chair This isn't over.
So after a couple weeks of texting, this Jewish PWM dame and I make dinner plans. We’re at STK and everything is kosher, but I’m fairly sure she popped a zanny before I picked her up, because by wine bottle number two her head is in the clouds. We get back to my studio around midnight. After the old in-out we’re pillow chatting and she says, “You’re so smart I just love listening to you talk, and you’re so adorable it looks like you stepped out of a Vineyard Vines catalog – but your blue eyes make me wanna throw up.” I think I love her.
Hey !
Just to be sure I understand, you want them to ban drinking in bars?
- Guy who wants to punch you in the nuts if he does understand you (whilst hoisting a cold one)
If these hippies are going to disrupt the status quo, does that mean they're finally going to shower?
"Australian mining billionaire Clive Palmer plans to build a 21st-century replica of the Titanic and sail it from England to New York"
Bring it.
- North Atlantic
Nothing says early 20th century nostalgia like an escort from the Chinese Navy across the Atlantic.
How about Sterling getting a blowie from the French vixen at the award ceremony. What a stud.
is this a subtle way of telling us that Mitt won the auction for dinner and a tour of the artwork in Paulson's home?
-curious bidder awaiting results
there were chicks in the chinese navy ?
Hey!
For those of you riding to work in the shorter buses and/or cabs;
….No…. I'm not saying I want them to ban drinking in bars……
I'm saying that these idiots have no understanding whatsoever about what actually causes drinking related health issues, or what the effects of a price increase in alcohol actually would be (For those riding to work in the full size automobiles; inelastic demand).
And if they had suggested banning alcohol entirely, at least then they would have some misguided religious or moral ground to stand on, rather than just posing an indefensible argument. I mean honestly, when was the last time you were 20 shots deep at 7:59, and the bartenders warning of, "just to let you know happy hour is over, they'll be $7 each now," slowed you down in the slightest.
Did somebody say Chinese escorts, where do I sign up for the trip?
-E Spitzer
backpage.com
It's called the open in chi.
Job, look into it
Please take the sad attempt at humor that you worked on all weekend elsewhere.
Speaking of things that make me want to throw up.
I walk to the office, and as long they don't ban cigars I've no objection.
How about you refrain from using the term "blowie"? Fucking tool.
So then where did eskimos come from?
the bering land bridge about 16K years ago
Yes – correct term is "browie"
New here?
Someone didn't get a steak from Minetta's.
Hey !
Roger Sterling's phallus is a god damn national treasure!
-Timothy Leary
why dont you sit the next play out
They better look out for ricebergs.
They came from their Mommy Eskimo bellies.
The suit jacket and jeans look can step aside too…
also not gay
They are good in math. Just look at Eskimo Pi.
Who'd want to work on their boats? I wouldn't want to work on Chinese junk.
I invented that look.
- Hank Scorpio
If I was already not planning on attending class that day, do I still have to do this assignment?
-Guy too lazy to work hard hence why I'm at [insert college name] majoring in [insert worthless liberal arts degree]
The navy suit jacket, solid navy shirt and blue jeans is soooo in right now. Said no one, ever.
Palmer, you can thank me later.
-Global Warming
So I get back to the workstation and I tell my colleague, "Hey…I'm thinking I'm going to take Titanic II.." and he says, "You need to go to the men's room again??"
Without the women? Big fan of Italian chicks and their abundance of body hair?
I'd like to dry stun you, you fucking goon
I bet you still dream of showing up for finals worried because you haven't been to class at all.
Who gives a shit about cheap booze during happy hour? If it means the bartender will be getting my drink faster, I'll gladly pay more.
-Expense Account
What's wrong with the quality of our women?
- S. Hessler
Where is Stacey Hessler and why haven't we been updated? I think we could all use a good Stacey Hessler story to cheer us up.
Palmer, you can thank me know.
That's a false dichotomy.
"Hippies (?)" WTF, is it 1968 again and someone didn't tell me?
What about their brothers?
there are no black eskimos.
Pillow chatting?
http://www.news-journalonline.com/news/local/west…
Enjoy!
"art performances"
Ahhh…the day has come for the unemployed drama majors to make their voices heard!
- OWS Interpretive Dance instructor
"Australian mining billionaire Clive Palmer plans to build a 21st-century replica of the Titanic"
Too late!!!
P. Falcone
already did, I'll pass
their goal is a class-less society
I didn't know STK was kosher, huh.
I think Eskimos are smug.
- Chuck
Hey !
NYC < Gestapo
FTW
The hedge-fund manager is trying to build a multibillion-dollar private wireless network that would wholesale high-speed Internet connections to companies that want to provide their customers with services tied to the Web.
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