Write-Offs: 10.01.13

Author:
Updated:
Original:

$$$Bill Gross Says U.S. Will Avoid ‘Catastrophic’ Default on Debt [Bloomberg]

$$$'Fabulous' Fabrice Tourre Asks for New Trial [WSJ]

$$$Gundlach’s Fund Had Its Biggest Redemptions in September [Bloomberg]

$$$ Mr. Schneider, known for his “Saturday Night Live” rendition of Rich, the copy repair guy, as well as several movie appearances in the likes of “Deuce Bigalow, Male Gigolo” and other Adam Sandler productions, also said overregulation is killing his vitamin business. He’s fled the state to avoid the hefty California regulations, he said in The Blaze report. [Washington Times]

$$$Tinkerer, Lawyer, Hustler, Lies: One Man’s Path to a Dope Fortune [SIRF / Roddy Boyd]

$$$ How did Jay Z develop the business acumen he needed to become a music mogul? By dealing crack, of course. “I know about budgets. I was a drug dealer,” the hip-hop titan boasted to Vanity Fair magazine, referring to his days on Brooklyn’s mean streets. “To be in a drug deal, you need to know what you can spend, what you need to re-up.” [NYP]

$$$Cuban Insider-Trading Trial Gets Under Way [WSJ]

$$$Ex-Morgan Stanley broker pleads guilty in insider trading case [Reuters]

$$$Pitney Bowes CEO to hedge funds: Don't short us [NetNet]

$$$Lady Liberty turns away your tired, your hungry, your sightseers due to shutdown [NYDN]

Related

Write-Offs: 08.24.12

$$$ Jury reaches verdict in Apple-Samsung trial [Reuters] $$$ Greece not written off, says Merkel [FT] $$$ RBS closing in on LIBOR settlement [Reuters] $$$ HSBC In Settlement Talks With U.S. Over Money Laundering [Bloomberg] $$$ John Hempton looks at Focus Media [Bronte Capital] $$$ Hey Look, It’s the DMX-”Reading Rainbow” Mashup You Never Knew You Wanted [Popdust] $$$ Highland Capital is looking for a credit trader in Dallas, if that's your thing [DBCC] $$$ Bernanke Letter Defends Fed Actions [WSJ] $$$ The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis [BIS] $$$ The commodity-basket standard is even dumber than the gold standard [Slate / Matt Yglesias] $$$ "You can’t fight inflation by taxing the wealthy. And since fighting inflation is the primary reason our government would need to raise taxes, the proposals to raise taxes on the wealthy just don’t add up" says MMT true believer John Carney [NetNet] $$$ Olympian Nick Symmonds may have finished a mere fifth in the 800M during the 2012 London Olympics, yet he has redeemed himself completely by downing a beer before running each of the four laps required to complete a mile in record time. ... Symmonds finished his mile (and chugging of 4 beers) in a very impressive 5 minutes and 19 seconds. The mark was good enough for first in US, but only fifth place all-time. “That’s a good first mark,” says Symmonds. “I’ve got some training to do.” [Cosby Sweaters] $$$ Count von Count died [The Awl]

Write-Offs: 2.5.15

One of Buffett's top managers made a lot of money today; After being taken into custody for allegedly shooting his hedge fund manager dad, Thomas Gilbert Jr. "scarfed down two slices of pizza, an Egg McMuffin, an apple and a sandwich"; Germany still has no love for Greece; Coke use makes it hard to learn from your mistakes; AND MORE.