A Grieving Father Pulls a Thread That Unravels Illegal Bank Deals
New York Times
A long investigation into some of the world’s top banks, which started with a father from New Jersey, reached a peak with a guilty plea from BNP Paribas.
shared by @LaurenLaCapra, @davidenrich, @IvanTheK, @newsycombinator
 

Federal Reserve announces civil money penalty and issues cease and desist order against BNP Paribas, S.A.
Federal Reserve
shared by @EconBrothers, @graemewearden, @BCAppelbaum, @davidenrich
 

Stash Pad
New York
The New York real-estate market is now the premier destination for wealthy foreigners with rubles, yuan, and dollars to park.
shared by @tomkeene, @davewiner, @EpicureanDeal, @prchovanec
 

Morgan Stanley brokers finally given freedom to tweet
The Telegraph
Morgan Stanley brokers are finally allowed to tweet self-authored messages, as the firm relaxes its social media policy
shared by @carney, @ReformedBroker, Reformed Broker
 

“Profitless” Amazon Myth Lives On Thanks To Lazy Financial Media
peridotcapital.com
Amazon has higher operating profit margins than its brick-and-mortar peers.
shared by Abnormal Returns, Reformed Broker, @StockTwits, @howardlindzon
 

Hong Kong becomes a sea of colour as tens of thousands take part in July 1 march
scmp.com
Good evening and welcome to scmp.com’s live coverage of Hong Kong’s annual July 1 march. Tens of thousands of people took to the city’s streets this afternoon, while some 4,000 police officers are on patrol. Stay tuned for all the latest…
shared by @fiatcurrency, @Ian_Fraser, @vshih2
 

Special Report: The battle for Hong Kong’s soul
Reuters
Despite promises that post-handover Hong Kong should enjoy a high degree of autonomy, China’s President Xi Jinping, is said to have decided that Beijing has been too lenient. This tightening grip has fueled resentment and sparked a civil disobedience movement called “Occupy Central”, which threatens to blockade part of Hong Kong’s main business district.
shared by @joshchin, @vshih2, @niubi, @gadyepstein

What’s Up With Argentina’s ’Vultures’ Today?
Bloomberg View
Here are some schemes, none of which really work, but what can I say, I just really like schemes.
shared by @JacobWolinsky, @TimOBrien, @munilass
 

What Kind of Investor Are You?
awealthofcommonsense.com
“Job one for the investor, then, is to learn as best she can, to ignore the day-to-day and year-to-year speculative return in order to earn the fundamental return.” – William Bernstein
shared by @abnormalreturns, @ReformedBroker, Reformed Broker, Abnormal Returns
 

How I would defend inequality
Stumbling and Mumbling
Defenders of inequality are doing a desperately poor job. So, is it possible to defend inequality better?
shared by @MarkThoma, reddit/Economics, @EpicureanDeal, @TimHarford
 

Corporate America takes World Cup breaks, and we have the data to prove it
Quartz
Using conference calls as a proxy for productivity, the impact of a World Cup match on US business is clear.
shared by @BCAppelbaum, @davidmwessel, @hblodget
 

How a Poker Heavyweight Ambushed Einhorn
Bloomberg View
On the first day of an absurdly high-stakes poker tournament, there were plenty of surprises.
shared by @ClareQui1ty, @TimOBrien, Reformed Broker