Floyd Norris has a typically Floyd Norrisish (that is to say, really good) column in Friday’s NYT:
Consider how banks make money. They pay low rates on short-term deposits and charge higher rates on long-term loans. So they love what are known as positively sloped yield curves. And they like to see big credit spreads, where risky
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My September trip to Denmark has finally resulted in actual print-on-paper article that’s in the new issue of Time and online here. It’s a lot shorter than I had banked on. Actually, that’s not quite right: Its two pages are about as much space as I had ever hoped to get in the U.S. edition of Time, but the original plan had been to run …
Work in Progress is going on holiday. I mean it.
On Sunday, I’m going to take my little one and travel 8,000 miles to my hometown in Japan. My mom has advanced cancer, and my pop is old, so my three siblings and I—none of whom live in the country anymore—take turns making the international house calls. For two weeks, I’ll trade …
Albert Kim makes this argument better than I could in the Huffington Post yesterday:
As a writer who’s worked both in Hollywood and journalism, it’s clear to me that the arguments used to justify residuals in one field could certainly apply in the other. Newspaper and magazine reporters produce stories and the companies that employ them
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