Posts by Jon Shazar
The Russian president neither knows nor cares about what you’d call his country’s current self-inflicted economic malaise. You want to use the word “crisis”? Go ahead—especially if you’re outside of the jurisdiction of his secret police. Just know that he’s not a big fan of that word. He’d call it something more like a temporary unpleasantness brought about by the unjust actions of everyone who is not Vladimir Putin. Read more »
Having his DNA, in all of its many forms, all over American Apparel isn’t enough for its former CEO. So even if the last alternative investor he worked with to take the power back disappointed him with a pink slip, he’s not going to let it stop him from trying again. Read more »
From where it sits (Zürich), it seems pretty damned inhumane to the former Union Bank of Switzerland to make it fork over €1.1 billion for doing what a Swiss bank does. And it’s not afraid to say so. Read more »
The next president of the United States—and many of her colleagues up on Capitol Hill—don’t think much of New York Fed President Bill Dudley. When they look at his goofy smile, all they see is a lack of “rigorous accountability for conflicts of interest and failures of oversight.” Someone “essentially… hired by the people” he’s regulating; someone who might be best put out to pasture.
We’ve laughed at the sophomoric exchanges between and among the upper echelons of one of the biggest industries in America. We’ve shaken our heads at the incredible self-regard of one A. Sorkin. We’ve been spared another James Franco turd. But the North Koreans have given us something more precious than all of the above combined: a further insight into the ways and means of Dan Loeb—and his unparalleled ability to strike fear into the hearts of those he targets. Read more »
A closed-end fund designed to profit from the end of the U.S.’s 53-year-long hissy-fit in Cuba’s direction—one with the enviable ticket symbol “CUBA,” no less—seems like a reasonable play following the president’s decision yesterday to normalize relations with our estranged neighbor. An energy-drink purveyor with less than $10,000 in sales last quarter that was trading for 1.59 cents on Tuesday afternoon, and absolutely no link whatsoever to certain islands 90 miles off the coast of Florida but which contains the magic four letters, in the correct order? Well, why haven’t you placed that buy order yet? Read more »
Wall Street undoubtedly doesn’t especially care how this particular piece of legislative sausage got made. You know, the one where a spending bill got rid of that irritating Dodd-Frank derivatives rule they’ve been trying to get rid of since the day it passed? As it turns out, no one else particularly cares, either. Read more »