Dunfee has been with the CFTC for 17 years serving in a variety of roles. Prior to joining Commissioner Behnam’s office, he worked in the Office of General Counsel (OGC) as Assistant General Counsel for six years.

CFTC Commissioner Rostin Behnam Announces Legal Team – (CFTC)

 

And while its planned philanthropic investments seem respectable at $1.75 billion over five years, assuming that figure is divided equally, then $350 million works out to just 1.2 percent of its projected profit in 2018, and 1.1 percent in 2019. That’s actually less generous than the 2 percent of after-tax profit that’s been pledged by JPMorgan’s embattled rival Wells Fargo & Co., but comparable to Bank of America Corp..

JPMorgan Cloaks Business as Usual as a Do-Good Pledge – (Bloomberg)

 

The FSA has had internal discussions and currently sees no need for law changes required to allow such products, the official said, asking not to be identified in accordance with the agency’s policy. It may consider such a move in the future if demand for settling transactions increases and a need for hedging tools emerges, the official added.

Bitcoin Futures Get Cold Shoulder From Japanese Regulator — (Bloomberg) 

 

The computer will analyze the patterns in your key strokes and predict your next input. Typically it is correct around 70% of the time—humans have a hard time acting randomly.

Aaronson Oracle – (Oracle)

 

The interior secretary’s idea to organize public land by watershed was a great idea when it was first voiced a century and a half ago. But it won’t work today.

Ryan Zinke’s Watershed Plan Is 140 Years Too Late – (Outside Online)

 

The U.S. fell to 11th place from ninth mainly because of an eight-spot slump in the post-secondary, or tertiary, education-efficiency category, which includes the share of new science and engineering graduates in the labor force.

The U.S. Drops Out of the Top 10 in Innovation Ranking – (Bloomberg)

 

I love this chart from Jeff Dasjardins at Visual Capitalist. His data source is the 2016 Federal Reserve Survey of Consumer Finances.

American Assets: A Breakdown – (Reformed Broker)

 

Jon Corzine is back with a new hedge fund that’s betting the Trump administration will stir up markets.

John Corzine’s New Hedge Fund Is Betting On Trump-Triggered Trades – (ZeroHedge)