Perspective
Visual Capitalist – Sellbrite: Breaking Down How Amazon Makes Money – Jeff Desjardins 12/19
NYT – How the Winklevoss Twins Found Vindication in a Bitcoin Fortune – Nathaniel Popper 12/19
WSJ – Daily Shot: BMO & statista – US States with Highest rates of debt collection 12/19
Worthy Insights / Opinion Pieces / Advice
FT – The long and short of H&M’s travails – Richard Milne 12/19
- “Concerns rise that family-controlled Swedish retailer needs radical change.”
Markets / Economy
- “The largest pension plans held by S&P 500 companies face a $348 billion funding gap. As a result, they’re paying higher annual fees to the U.S. Pension Benefit Guaranty Corp., the government agency that backstops plans. ‘There’s increased awareness that an underfunded plan imposes risk on employees, it imposes risk on shareholders, and it’s getting more expensive,’ says Olivia Mitchell, a professor at the University of Pennsylvania’s Wharton School and executive director of the Pension Research Council.”
- “Only about two dozen companies in the S&P 500 have overfunded pensions. Nine of them are banks.”
- “Offloading risk isn’t on the table for every company. Insurers don’t take on obligations from underfunded plans…”
CNN Money – SEC suspends trading of red-hot bitcoin stock – Paul R. La Monica 12/19
- “Yaipan, which operates South Korea’s Youbit, said latest security breach caused it to lose 17% of its total assets.”
- “Korea has emerged as a sort of ground zero for the global crypto-mania. So many Koreans have embraced bitcoin that the prime minister recently warned that cryptocurrencies might corrupt the nation’s youth. The craze has spread so far that, in Korea, bitcoin is trading at a premium over prevailing international rates.”
Real Estate
Yahoo Finance – The hottest housing market of 2017 – Amanda Fung 12/20
- Spoiler alert: it’s Seattle.
Tech
Britain
FT – Help! My house has been hijacked – Lucy Warwick-Ching 12/19
- “Fake tenants adopt a property owner’s identity and sell the property.”
Europe
WSJ – EU Triggers ‘Nuclear Option’ in Fight With Poland – Valentina Pop 12/20
Other Interesting Links
NYT – ‘Porch Pirates’ Steal Holiday Packages as They Pile Up at Homes – Nick Wingfield 12/19