this one dedicated to @TFMkts
Some non-GP MLP factoids as charts. Universe list via @MLPGuy, data via Bloomberg, charts via R
Apple online radio
There’s been no details yet, but my dream would be a spotify-like radio service that tied into iTunes Match and throttled the number and frequency of ads based on how much of the music you listened to that you didn’t already own and allowed you to save playlists/stations as well as listening history so as to tie-in to iTunes cross-selling, allowing for a comparable listening experience to spotify but with less ads and ecosystem integration
From the not-so-great-news dept: DB to securitize ‘bad bank’ assets
Deutsche Bank has unveiled plans to hive off €135bn worth of risk-weighted assets into a bad bank – a key plank in its strategy to boost its Core Tier 1 ratio under Basel III to over 10% by 2015.
…
for the most part these were “seasoned, well-performing assets” but syphoning them off made sense as they “no longer support client relationships”. One market analyst at a US bank noted that the market for structured credit had also improved this year, which could be conducive to unwinding these positions.
“Structured credit is coming back after effectively being wiped out after the Lehman crisis,” said the analyst. “My guess is DB is trying to exploit this increased interest, and structure these assets in a way that removes the riskiest parts via equity tranches, and sell structures on to yield-hungry investors.”
(Source: ifre.com)
"The mercantile ideology, upon which England established its colonies, defined an agenda in which matters relating to commerce and industry were central. Jon Teaford Calculated that nearly half of New York City’s ordinances for the year 1773 fell under the category of trade. Many of these ordinances involved market regulations and price control as the city sought to protect the interests of both consumers and merchants. For example, in 1763 city officials fought to retain the authority to determine the prices of most foodstuffs. Although butchers protested, city legislators did not yield. Increasingly, after the Revolutionary War, public policy extended to matters beyond commerce, although regulating the economy continued to dominate the city’s agenda. In 1805, for example, issues concerning trade still constituted a third of all municipal legislation"
— Goldman, Joanne Abel (1957). Building New York’s Sewers p12. Purdue University Press
