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Write-Offs: 07.03.14

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$$$Ackman’s Pershing Square Said to Gain 25% in First Half [Bloomberg]

$$$Bernanke Joins Obama for Lunch With Economy on Menu [Bloomberg]

$$$Other World Cup-related insurance products aimed at the special hazards facing extreme fans are still for sale. “Drunk” insurance is still available on Tmall by Shanghai-based Zhong An Insurance. It helps those soccer lovers who happen to imbibe too much. For a 3-yuan ($0.48) policy, one is covered if he or she gets blotto: 200 yuan is provided for an emergency call, and 2,000 yuan if a hospital visit is necessary. “Night owl” insurance, also for 3 yuan and offered by Zhong An, covers emergency expenses for those who get acute respiratory infections. With most of the games showing after midnight in China, fans indeed must stay up late—how that might lead to a respiratory infection is less clear. And then there’s “soccer hooligan” insurance, for those who get robbed or perhaps end up on the wrong side of a brawl during the late hours of the games. [BusinessWeek]

$$$BoNY caught in the middle of Argentina’s bond debacle [NYP]

$$$ Ford, who just this week returned to work after a stint in rehab, admitted Wednesday he dabbled with cocaine, hallucinogenic mushrooms and crack -- the last he still claims he wasn’t addicted to. But he never tried heroin, he said. And while Ford said he drank at work, he never did drugs within City Hall. [NYDN]

$$$That's it for us today! Have a great holiday and we'll see you back here on Monday!

$$$Want to Get Into Business School? Write Less, Talk More [WSJ]

$$$Buyout Firms' Fees Come Under Review [WSJ]

$$$Pit Bull Returned To High Kill Shelter For Farting Too Much Gets A Second Chance [HP]


Write-Offs: 04.27.12

$$$ Spain's Unemployment Jumps, Deepening Crisis [WSJ] $$$ "... the McClendon-[X] deal raises a number of concerns, some analysts said," for any X [Reuters, earlier] $$$ "Being violation-free alone does not guarantee that a public company or registered entity will not face the wrath of the U.S. Securities and Exchange Commission Division of Enforcement, its director, Robert Khuzami, told Thomson Reuters Tuesday." Good to keep 'em guessing. [Reuters] $$$ How to Leak to Gawker Without (Hopefully) Getting Caught, usefulness not limited to Gawker [Gawker] $$$ Who Was the Third Person in Bret Easton Ellis and Rielle Hunter’s (Aborted) Cocaine-Induced Threesome? [NYO] $$$ BNP Paribas would like to find an emerging markets equities analyst for its Boston office, if you know anyone [DBCC] $$$ Forget Bailouts, European Banks Needs Bail-Ins: Fitch [CNBC] $$$ After Quiet Years, British Regulator Gets Tough on Abuses [DealBook] $$$ Lazard profit drops on costs, but still beats Street [Reuters] $$$ Kyle Bass' Japan short gets the B-school case study treatment [AR-Alpha] $$$ Banks to Meet With Fed on Derivatives Rule [WSJ] $$$ Paul Ryan Suddenly Decides He Hates Ayn Rand [DI]

Write-Offs: 07.25.12

$$$ Schaeuble Declares Markets Wrong As Europe Heads To Vacation [Bloomberg] $$$ Don't Force Banks Into 'Draconian' Breakups: Whitney [CNBC] $$$ Morgan Stanley Stock May Be Worth $32 In Breakup, Mayo Says [Bloomberg] $$$ The Merkley plan to refinance underwater mortgages sounds pretty good [Reuters / Felix Salmon] $$$ Outspoken Analyst Kinnucan Pleads Guilty in Insider Case [WSJ] $$$ Man who rescued a 17-pound lobster "felt the nearly 100-year-old crustacean did not deserve to die with its parts soaked in butter. 'If he was 100, he saw World War I, World War II, man on the moon,' he said. 'Being in New England, he even saw the Red Sox win the World Series. So, he didn’t deserve the boiling water.'" [CBS] $$$ Due to recent regulatory requirements, a top bank in Charlotte is looking for a counterparty credit risk manager to be a Basel expert [DBCC] $$$ Libor scandal makes it more costly for bankers to get insured [Reuters] $$$ Europe Aims to Make Rate Manipulation a Criminal Offense [DealBook] $$$ Fund managers to lose securities lending profits [FT] $$$ The Securities and Exchange Commission drew sharp criticism from a federal judge who said they have failed to properly oversee a $55 million investor education fund created by a nearly decade-old settlement with Wall Street banks. The fund had been created as part of a roughly $1.5 billion regulatory accord in 2003 with Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co and other banks accused of publishing biased analyst research. U.S. District Judge William Pauley in Manhattan said the SEC has shown a "lack of oversight" and "indifference" toward how a nonprofit organization charged with distributing the money has been managed. ... Pauley pointed as an example to a two-year, $91,500 grant to the Genesee District Library in Flint, Michigan, that appeared to have resulted in just two events, one of which concerned "spending, sharing, and saving" for children ages two to five. "While there may be benefits to starting investor education early, toddlers seem beyond the pale," the judge wrote in an order issued Wednesday. [Reuters] $$$ Mitt Romney would restore 'Anglo-Saxon' relations between Britain and America [Telegraph]