Linkfest: Dimon gets a raise; Emerging markets contagion feared; US inter-generational mobility
Categories: Linkfest
Today’s most shared:
- After ‘Whale,’ $20b in fines, JPMorgan’s Jamie Dimon gets a raise.
- Emerging markets contagion feared as Fed tapers, Argentina devalues.
- Big study finds US intergenerational social mobility little changed despite regional variations, wider inequality.
- BoE governor Carney backtracks on forward guidance.
- Unfinished business in financial reform.
- No-poaching agreements and employer collusion in Silicon Valley.
Fined Billions, JPMorgan Chase Will Give Dimon a Raise
New York Times
In a series of contentious meetings, JPMorgan Chase’s board voted to give Jamie Dimon a new pay package after his pay was cut in half last year, to $11.5 million.
shared by @jennablan, @kevinroose, @kaylatausche, Naked Capitalism
New York Times
In a series of contentious meetings, JPMorgan Chase’s board voted to give Jamie Dimon a new pay package after his pay was cut in half last year, to $11.5 million.
shared by @jennablan, @kevinroose, @kaylatausche, Naked Capitalism
Contagion Spreads in Emerging Markets as Crises Grow
Bloomberg
The worst selloff in emerging-market currencies in five years is beginning to reveal the extent of the fallout from the Federal Reserve’s tapering of monetary stimulus, compounded by political and financial instability.
shared by @mark_dow, @jennablan, Business Insider, @Alea_, @JohnLothian, @pdacosta
Bloomberg
The worst selloff in emerging-market currencies in five years is beginning to reveal the extent of the fallout from the Federal Reserve’s tapering of monetary stimulus, compounded by political and financial instability.
shared by @mark_dow, @jennablan, Business Insider, @Alea_, @JohnLothian, @pdacosta
Argentina Devaluation Sends Currency Tumbling Most in 12 Years
Bloomberg
The decline in the peso marks a policy turn for Argentina, which had been selling dollars in the market to manage the foreign-exchange rate since abandoning a one-to-one peg with the U.S. dollar in 2002.
shared by @firstadopter, Free Exchange, Business Insider, @SaraEisen, @edwardnh, @pdacosta
Bloomberg
The decline in the peso marks a policy turn for Argentina, which had been selling dollars in the market to manage the foreign-exchange rate since abandoning a one-to-one peg with the U.S. dollar in 2002.
shared by @firstadopter, Free Exchange, Business Insider, @SaraEisen, @edwardnh, @pdacosta
Social Mobility Hasn’t Fallen: What It Means and Doesn’t Mean
New Yorker
The level of U.S. economic mobility is stable, but the effects of inequality might be worse than they used to be.
shared by @ritholtz, @ReformedBroker, @TimHarford, @DLeonhardt, Reformed Broker
New Yorker
The level of U.S. economic mobility is stable, but the effects of inequality might be worse than they used to be.
shared by @ritholtz, @ReformedBroker, @TimHarford, @DLeonhardt, Reformed Broker
Carney scraps forward guidance target
Financial Times
Mark Carney, Bank of England governor, has signalled that his policy of linking interest rates to the unemployment rate will be buried less than six months after its birth.
shared by @SonyKapoor, @Markit, @mhewson_CMC, @FGoria, @ObsoleteDogma
Financial Times
Mark Carney, Bank of England governor, has signalled that his policy of linking interest rates to the unemployment rate will be buried less than six months after its birth.
shared by @SonyKapoor, @Markit, @mhewson_CMC, @FGoria, @ObsoleteDogma
"Is China the Next Mexico?" by Jorge Guajardo
issuu.com
Jorge Guajardo, Mexico’s Ambassador to Beijing from 2007 to 2013, discusses the parallels and differences he observes between Mexico in the 1980s and 90s and China today.
shared by @goldkorn, @MalcolmMoore, @taniabranigan, @joshchin
issuu.com
Jorge Guajardo, Mexico’s Ambassador to Beijing from 2007 to 2013, discusses the parallels and differences he observes between Mexico in the 1980s and 90s and China today.
shared by @goldkorn, @MalcolmMoore, @taniabranigan, @joshchin
Washington Has Not Defeated Wall Street. Yet.
New Republic
There are at least four major issues in financial reform that still need to be addressed.
shared by @MarkThoma, @morningmoneyben, @Noahpinion, @rortybomb
New Republic
There are at least four major issues in financial reform that still need to be addressed.
shared by @MarkThoma, @morningmoneyben, @Noahpinion, @rortybomb
Shiller: Bitcoin Is An Amazing Example Of A Bubble
Business Insider
The Nobel Prize winner takes a major shot at Bitcoin.
shared by @carney, @JustinWolfers, @finansakrobat, Reformed Broker
Business Insider
The Nobel Prize winner takes a major shot at Bitcoin.
shared by @carney, @JustinWolfers, @finansakrobat, Reformed Broker
Jack Lew and Jamie Dimon warn of Bitcoin dangers
Financial Times
Bitcoin has been tossed into the virtual gutter at the World Economic Forum in Davos this week, as top US financial leaders warned the vitrual currency could be used to fund terrorism and predicted that regulation would put it out of business.
shared by @EmanuelDerman, NYT Dealbook, Naked Capitalism, @Kiffmeister
Financial Times
Bitcoin has been tossed into the virtual gutter at the World Economic Forum in Davos this week, as top US financial leaders warned the vitrual currency could be used to fund terrorism and predicted that regulation would put it out of business.
shared by @EmanuelDerman, NYT Dealbook, Naked Capitalism, @Kiffmeister
The Techtopus: How Silicon Valley’s most celebrated CEOs conspired to drive down 100,000 tech engineers’ wages
pando.com
In early 2005, as demand for Silicon Valley engineers began booming, Apple’s Steve Jobs sealed a secret and illegal pact with Google’s Eric Schmidt to artificially push their workers wages lower by agreeing not to recruit each other’s employees, sharing wage scale information, and punishing violators.
shared by @interfluidity, Naked Capitalism, @newsycombinator, @Techmeme, @EpicureanDeal
pando.com
In early 2005, as demand for Silicon Valley engineers began booming, Apple’s Steve Jobs sealed a secret and illegal pact with Google’s Eric Schmidt to artificially push their workers wages lower by agreeing not to recruit each other’s employees, sharing wage scale information, and punishing violators.
shared by @interfluidity, Naked Capitalism, @newsycombinator, @Techmeme, @EpicureanDeal
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