FURTHER FURTHER READING
- "Today mathematical finance is possibly the most abstract branch of applied mathematics..." (HT Noah Smith.)
- If trade is hitting the middle class, is a US sovereign wealth fund the right response?
- "To be of use", a poem on why work matters, by Marge Piercy.
- Insider trading buddies nailed by... Metrocards?
- Heidi Moore on Blackberry.
- John Carney on Ronald Coase, Walter White, and crystal meth.
FT ROUND-UP
BlackBerry agrees sale in $4.7bn cash deal: "BlackBerry has agreed to be bought by a consortium of Canadian investment companies for $4.7bn in cash and taken private, in a last-ditch move to ensure the survival of one of the pioneers of the global smartphone industry." (Financial Times)
Apple sells more than 9m of latest iPhones on first weekend: "Apple sold more than 9m of its latest iPhones over the launch weekend, up from 5m last year and much higher than analysts had expected, sending its shares higher in early New York trading." (Financial Times)
US economy not ready for tapering, says Fed official: "One of the US Federal Reserve's most senior officials talked down the health of the world's largest economy on Monday, saying it does not have enough momentum to justify slowing down the central bank's $85bn monthly asset purchases. "The economy has not picked up forward momentum and a 2 per cent growth rate – even if sustained – might not be sufficient to generate further improvement in labour market conditions," said William Dudley, president of the New York Fed and vice-chair of the rate-setting Federal Open Market Committee." (Financial Times)
