With the civic election almost over (or over depending when you are reading this) it’s time to see what’s happening elsewhere in the world.
Same old, same old, I’m afraid.
Traders keep acting like traders, hanging out in chat rooms figuring out how to make gazillions for themselves at the expense of others, though to be fair I’m not sure the effect on others ever crossed their minds (what, there are non-traders in the world?) I’d love to see more of the chat room talk but this is the best I could find.
Part of the settlement involved precious metals trading at UBS which largely got lost in the forex news. And lest we forget the previous misdemeanours of these types, most recently the LIBOR scandal of 2012 (best explained in this 2014 article), and still in smarting memory, the creation of obscure asset-backed securities that ended up worthless in investors hands in 2008.
Also still in the news is Kim Kardashian who has been called a lot of things, but here’s a switch – an article in Quartz calls her the world’s best marketer. While I recommend the story I don’t recommend clicking on the links in it though given Kardashian’s apparent marketing expertise you’ve probably see it all before.
So set aside all that and grab a cup of your favourite coffee. Oops, another issue. Big coffee provider Keurig is acting like the monopoly it almost is, or so Canadian coffee companies are alleging to Canada’s competition bureau. And the European Union is accusing the Netherlands of giving Starbucks a sweet tax deal.
So maybe you should grab a glass of water. It’s free, but shouldn’t be .
