Peter Thiel, Trump Adviser, Has a Backup Country: New Zealand (NYT)
Peter Thiel is a billionaire, the biggest Donald Trump supporter in Trump-hating Silicon Valley and, above all, someone who prides himself on doing the opposite of what everyone else is doing. So it makes perfect sense that right after Trump proclaimed that “the bedrock of our politics will be a total allegiance to the United States of America,” Mr. Thiel was revealed to have become in 2011 a citizen of a small country on the other side of the world: New Zealand.
To help Cohn avoid conflicts of interest as Trump’s top economic adviser, the bank is letting its former president immediately collect about $65 million in cash and stock tied to its future performance. That’s on top of roughly $220 million of Goldman equity he already held or was awaiting, as well as stakes in company-run investment funds, according to regulatory filings Tuesday. He must liquidate the holdings to take his new post.
That Mnuchin guy might have a point… (FT Alphaville)
“From time to time, an excessively strong dollar may have negative short-term implications on the economy.” He’s right. It can indeed have negative short-term implications on the economy. In support of that are some very relevant words from the St. Louis Fed from last week: It’s the imports that matter.
“It’s hard—it’s not Manhattan,” says Slover, 52, who spent her career in the Northeast before becoming the regional head of the bank’s operations in Jacksonville and Cary, N.C. “Indian food at 11:30 at night does not exist.” Transplants from the city that never sleeps may feel at first like aliens in this northern Florida city 35 miles south of the Georgia border, but their numbers are growing.
Cuomo's new budget plan proposes sweeping legislation to dramatically expand the regulatory and enforcement powers of his Department of Financial Services — in some instances allowing its superintendent to prosecute cases instead of going to the state attorney general. State Republican Party Chairman Ed Cox called the governor’s move another “power grab” by “control freak” Cuomo to advance his political agenda.
The division, led since October by Nicolas Moreau after a predecessor left within months, has been roiled by concern about the parent company’s finances, executive turnover and five straight quarters of client redemptions, and has fallen far behind competitors such as BlackRock Inc. and Amundi SA.
America's score fell to 7.98 last year from 8.05 in 2015, below the 8.00 threshold for a full democracy, the Economist Intelligence Unit announced in a report on Wednesday. That put the world's largest economy on the same footing as Italy, a country known for its fractious politics.
Ted Cruz Trolls Deadspin (Roll Call)
After a Politico profile of Cruz mentioned that he has tried to mend fences with colleagues by starting a pickup basketball game, Deadspin requested readers send photos of Cruz balling. Cruz in turn responded on Twitter with a photo of Duke University guard Grayson Allen, who some have said bears resemblance to Cruz. In turn, Deadspin's account responded by telling Cruz to "go eat shit."