.. insiders will always have a big incentive to manipulate markets and to profit on privileged information — and regulators will always struggle to anticipate their strategies. There’s no hope of defeating those efforts if regulators aren’t on the lookout in the first place.
via You Can’t Stop Market Rigging by Ignoring It – Bloomberg.
People are unrealistically optimistic about what they will do because they don’t pay enough attention to the costs and burdens involved.
via The Trick to Keeping New Year’s Resolutions – Bloomberg.
“I would say that there aren’t too many systems that have been designed that can handle a millionfold scaling without completely collapsing. But that doesn’t mean that it will continue to work that way.”
Apollo’s bid for Cooper, hoping to transform itself into the world’s seventh-largest tire maker, was surprising given that the Indian company was a third of the size of its U.S. target. Apollo relied on a hefty debt package for its ambitious attempt.
via Apollo's failed deal for Cooper sows doubt on future Indian M&A | Reuters.
Under China\’s laws, local governments are not allowed to borrow from banks even though they are responsible for as much as 80 percent of all public spending, but take only around half of fiscal income.
via Analysis: Transparency the crux in China's struggle to deal with rising debt | Reuters.
As one of the most prestigious newspapers in the world, the Times is an occasional target among the wealthy — some with unsteady aims.
via Chinese recycling tycoon says he wants to buy New York Times | Reuters.
The purpose of the test flights is to determine policies for how unmanned aircraft used by both public and private organizations will operate in domestic airspace.
via Here's Where to Look for Drone Tests Over the United States – The Wire.
We had created a system of rewards that encouraged shortsighted behavior and excessive risk-taking. In fact, we had entered an era in which moral values were given short shrift and trust itself was discounted.
Euro adoption will cap a journey of more than two decades for the former Soviet republic, which will become the fourth former communist country in the currency area after Slovakia, Slovenia and neighboring Estonia.
via Latvia to Become 18th Euro Member Amid Public Resentment – Bloomberg.
Southwest Airlines (LUV) recently received 10,000 applications for 750 attendant positions—in about two hours.
via How Much Money Do Flight Attendants Make? – Businessweek.
There are less bots on Facebook and they are used less frequently to create an illusion of a large number of subscribers, because there is almost no spam on Facebook.
“Skin in the game” is a useful concept for what economists call the principal-agent problem, in which one party bears the consequences of another party acting on its behalf …
via 2013 Offensive Cliche Winner Is `Skin in the Game' – Bloomberg.
“Geographic proximity is found to play a minimal role both in who users communicate with and what they communicate about, providing evidence that social media is shifting the communicative landscape.”
via Interrogating the network: The year in social media research » Nieman Journalism Lab.
In April, Twitter bought training company Marakana and had its team build an in-house developer school called Twitter University.
via Building a better nest: Inside Twitter's continuous redesign | The Verge.
News links 