“Nearly five years after Jon S. Corzine presided over the collapse of the brokerage firm MF Global and became a target of federal investigations, his legal ordeal might be drawing to a close.”
5 Years Later, Jon Corzine May Avoid Trial With $5 Million Settlement – (The New York Times)
The Treasury Department (Treasury) and the Internal Revenue Service (Service) recently issued proposed regulations that, if finalized as proposed, could have a significantly adverse effect on the ability of a regulated investment company (RIC) to indirectly invest in commodities through a subsidiary.
Federal Tax Guidance Regarding RICs’ Investments in Commodities, Certain PFICs, and “Securities” – (K&L Gates HUB)
“four of the eight asset classes we track not moving more than five one-hundredths of a percent!”
Asset Class Scoreboard September – (RCM’s Attain Alternatives Blog)
“Mr. Market doesn’t care who you are voting for, doesn’t care very much who wins, isn’t choosing one candidate over another and isn’t especially concerned with politics.”
Do Stocks Affect, Choose, or Predict Presidential Election Candidates? – (Ritholtz)
“Americans are right to want better performance than they’ve seen in the past ten years.”
Why Americans Feel Poor, in One Chart – (Bloomberg)
The shock move in early trading in Asia left investors stunned and analysts blaming computerized trading programs for intensifying the dizzying drop.
U.K. pound plunges more than 6% in mysterious flash crash – (CNN Money)
However, this year’s Cubs were probably better than those 103 wins suggest. If we look at their ratio of runs scored to runs allowed using the Pythagorean formula, Chicago played more like a 107-win team who got a bit unlucky in close games, on top of already being a bit unlucky in the timing of their hits.
The Year Of The Cubs – (FiveThirtyEight)
“But a closer look at the best team in the majors offers lessons that any young company would be wise to follow.”
How the Cubs, a 140-Year Old Baseball Team, Operate Like a Startup – (INC)
“Local photographer Chris Biela says it took him over 8 months to shoot and edit because he wanted to captures several of Chicago’s most iconic warm-weather events”
Beautiful Timelapse Video Shows Chicago’s New Ferris Wheel & Summer’s Glory – (Chicagoist)
Just for Fun:
“You start on the black side of the bracelet and whenever you do something nice for yourself or for anyone, like picking up their books or opening a door, you flip it over to the white side and hopefully that will encourage people around you to also do compassionate things,” added Nicholson.
‘Be nice to somebody’: Island school joins Compassion It campaign – (CBC News)
In her new book America the Anxious, journalist and filmmaker Ruth Whippman explores how that last “unalienable right” — “the pursuit of happiness” — is turning many Americans into nail-biting worrywarts.
Anxiety And The American Dream – (WBEZ)