Also snagged a few good pics with the phone camera.
From The New York Times:
The surge in the United States is so extreme that, once adjusted for population, these 10 states are recording more new cases than any country in the world.
USA! USA! Number One!
Matt Levine, writing a Money Stuff:
Another view of quant trading is that it reinforces market inefficiencies: Your algorithm notices some correlation, everyone else’s algorithm notices the same correlation, you all pile into the correlation, the correlation increases, and the original reason for the correlation goes away, or was spurious to begin with. The butterflies and the wheat prices were just a coincidence, but now all the hedge funds are buying wheat whenever they see butterflies, so wheat prices correlate with butterfly populations for no good reason. Wheat prices get further away from fundamentals, but eventually the fundamentals reassert themselves and the trade collapses.
A new study today from Analysis Group, supported by Apple, aims to defend the 30% cut Apple takes from App Store transactions. According to the research, Apple’s App Store commission rate is similar to those of other app stores and digital content marketplaces.
When you have to pay for your own study to prove your side of an argument…you’re probably wrong. Very wrong.
From The New York Times:
The American ambassador to Britain, Robert Wood Johnson IV, told multiple colleagues in February 2018 that President Trump had asked him to see if the British government could help steer the world-famous and lucrative British Open golf tournament to the Trump Turnberry resort in Scotland, according to three people with knowledge of the episode.
The ambassador’s deputy, Lewis A. Lukens, advised him not to do it, warning that it would be an unethical use of the presidency for private gain, these people said. But Mr. Johnson apparently felt pressured to try. A few weeks later, he raised the idea of Turnberry playing host to the Open with the secretary of state for Scotland, David Mundell.
Drain the swamp!
From The LA Times :
PORTLAND, Ore. — Following the grim pattern of recent days, protests in front of the federal courthouse in downtown Portland, Ore., devolved into chaos early Friday after dozens of federal agents emerged from the building and confronted demonstrators, deploying tear gas and shooting rubber bullets.
This is Trump’s America.
Hip and thigh still ain’t quite right. Has to be the most damage I’ve ever done to myself on a bike. 😓
(Well, second most, counting that time I crashed into a utility pole.)
Should we start saying nevertheless, she persisted?
Cheney did not back down from confrontation:
She defended Fauci.
She told Gaetz I look forward to seeing ur HBO doc.
She told Massie his issue is w/ Trump, not her.
She told Jordan I look forward to hearing ur comments about being a team player when we’re back in the majority
— Melanie Zanona (@MZanona) July 21, 2020
The music is close, but not quite right. Seems they were trying to avoid potential copyright issues here. Still – very funny.
I read somewhere that for folks who supported Trump, if they were sat down and made to watch videos of him speaking that it actually diminished their support for him. Oz never was much of a big deal without that curtain in front of him.
The presidency about nothing. pic.twitter.com/sdjMxdCOZQ
— Keith Edwards (@keithedwards) July 21, 2020