Write-Offs: 01.16.13

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$$$Icahn Takes Herbalife Stake [WSJ]

$$$ Best and worst Ira Sohn Conference picks include THC (+65%), France CDS (-57%) [FTAV]

$$$How banking can ruin your body and mind [EFC]

$$$ "I wonder what the Art Collector thinks, late at night, as he ignores the phone calls from his lawyers, stops calculating the probability of prison, and surveys what $700 million has bought him. Maybe he is a boob and sees in Pollock’s swirls nothing more than a mirror of his own wealth. Maybe he has become infatuated with the scale of his consumption: the goal has shifted from acquiring individual works to assembling a mountain of art. If you are not managing more money, you are managing less." [n +1]

$$$Sorry again for the continuing technical difficulties; we're all hoping that we'll be back online tomorrow. Thanks for your patience!

$$$ "Corporate treasurers at companies like Google are being forced by the Federal Reserve's low-rate policy to invest in ever-riskier credit products, including longer-dated investment-grade bonds, junk bonds and leveraged loans ..." [Reuters]

$$$U.S. Picks Citigroup, JPMorgan to Manage GM Shares Sale [Bloomberg]

$$$Should We Have to Work Until 70? These CEOs Say Yes [CNBC]

$$$Man accused of killing grandma with fake tusk claims she was planning voodoo hit on him [NYP]

$$$ "A plan to give carbon credits for slaughtering camels, curbing emissions coming from their flatulence, was rejected by an Australian government committee." [Bloomberg]

Related

Write-Offs: 03.12.13

$$$ Cliff Asness: The Hidden Tax Behind Wall Street Reform [WSJ] $$$ Banks’ Debt Addiction Said to Face Scrutiny at Basel Group [Bloomberg] $$$ Citigroup Joins Roster of Banks Advising Dell Buyout [Deal Journal] $$$ Bloomberg: still really into the $83bn TBTF subsidy [Bloomberg, earlier, etc.] $$$ Ms. White got a warmer welcome from some members of the panel, which is set to vote on her nomination before it moves to the full Senate. "The more I find out about you, the more I like you," said Sen. Tom Coburn (R., Okla.), adding that he had already decided to support her nomination. Sen. Charles Schumer (D., N.Y.), introducing Ms. White at the beginning of the hearing, described the lighter side of a woman known mostly for locking up terrorists and mobsters. He told the packed hearing room that Ms. White served as chairman of the American Society for the Prevention of Cruelty to Animals, likes to "crack open a cold can of Bud" and was effective on the basketball court as a member of a New York women's basketball league. [WSJ] $$$ A sinkhole swallowed a golfer on the 14th fairway [DM] $$$ A resource focused boutique investment bank is looking for an associate in New York [DBCC] $$$ An Asset Manager’s Guide to Swap Trading in the New Regulatory World [DPW] $$$ SEC asked Goldman to disclose more about illiquid assets - filings [Reuters] $$$ Funds pick Credit Suisse over UBS on revamp risks [Reuters] $$$ "There is nothing funny about these photos, in which Mitt Romney celebrates his 66th birthday by eating fluffernutter cupcakes and wearing a stupid birthday hat." [DI] $$$ 'Wolf of Wall Street' Gets $1M Pay Day for Movie Rights [FBN]