These rigs, once famously labeled the “new Ferraris” of the oil world, are no ordinary ships. Carrying a price tag of about $500 million a piece, they are loaded bow to stern with sophisticated, and very heavy, gadgetry.
At $500 Million A Pop, It’s An Oil Gamble That Has No Precedent – (Rig Zone)
Alternative investments can deliver that holy grail of higher risk-adjusted returns if chosen carefully and in prudent allocations. But if done poorly, alternative investments can just as easily take a wrecking ball to a portfolio and destroy years’ worth of gains.
Alternative Investments Gone Wrong: The Story Of The Dallas Police Pension Plan – (Forbes)
“When trends switch, they have a short term model and can pick that up. When there are risk reversals, these guys are making money,” said Connors. “Does that work every time? No it doesn’t.”
Popular Quant Hedge Fund Strategy Is Suddenly Doing Terribly – (Bloomberg)
Close to half of those who earn from $100,000 to $149,999 a year have less than $1,000 in their savings accounts. Some 18 percent of them have socked away absolutely nothing.
Make Six Figures? There’s a Decent Chance You’ve Got Almost Nothing in the Bank – (Bloomberg)
About 6,000 former BBY clients have potential claims totalling $61 million. KPMG expects a shortfall of more than $23 million.
More details have emerged on how a psychic advised failed stockbroker BBY – (Business Insider)
“They ruined my life,” Bill Bado, a former Wells Fargo banker in Pennsylvania, told CNNMoney.
I called the Wells Fargo ethics line and was fired – (CNN Money)
“We may be at a new high in hedge fund push back/criticism.”
When There’s Blood in the Streets — (RCM’s Attain Alternatives Blog)
Chicago:
The Damen Blue Line stop is 5% cheaper than Division; the Chicago Red Line stop is $340 cheaper than the nearby Chicago Brown/Purple Line stop
Map Shows Reasonable Chicago Rent & Decent Commute Are An Impossible Combination – (Chicagoist)
Chicago has beat out New York in this year’s Bicycling magazine ranking of the most bike-friendly cities in the United States, meeting an ambitious goal the mayor set in 2011.
Chicago Is Finally Named The Most Bike Friendly City In The U.S. –(Chicagoist)
As these students walked through streets plagued by gang violence, they were joined by 1,300 security guards in yellow vests stationed along predefined routes in the city’s most dangerous neighbourhoods.
Chicago Schools – Safe Passage – (The Economist)
Just for Fun:
I’m writing because I have a request: Please stop calling us “the media.”
Dear readers: Please stop calling us ‘the media.’ There is no such thing. – (Washington Post)
“A new report describes rampant seafood mislabeling worldwide. Recent EU regulations may be working. Will the U.S. follow suit?”
There’s Some Fishy Business in the Global Fish Business – (Scientific American)
“To that end, we’ve put together 22 maps that explain various economic, social, demographic, and linguistic aspects of the United States of America. Check them out”
22 maps that explain America – (Business Insider)
State votes for president since 1968 – (Interactive AP)