Diego Segura
@diegosegura
designer, writer, founder. currently obsessed with monetary theory, high finance, corporate law, regretting dropping out of high school, and sudoku. author of a 2018 book, “the dropout manifesto.”
diegosegura.meDiego Segura
(Which, presumably is why, once upon a time Lloyd Blankfein , the former C.E.O. of Goldman Sachs, told me that he spends 98 percent of his time worrying about things with a 2 percent probability of happening.)
The BofA $136B Dynamite Stick
Sensible Weather
sensibleweather.com
"We are proud to support Sensible Weather in its efforts to provide novel solutions for consumers who love travel and outdoor experiences but face increasing challenges from unpredictable weather,” says Matt Sueoka, Global Head, Amex Ventures.
Climate Finance Platform Sensible Weather Announces Strategic Investment From Amex Ventures
possible investment partner
Proenza Schouler’s first big business win was the launch of its PS1 bag. Introduced in 2008 on the back of an investment, the schoolboy satchel — often rendered in a matte, worn-in leather — became a foundational piece in the wardrobes of thousands of women. For several years following the launch, the bag accounted for 80 percent of handbag sales,... See more
The Nine Lives of Proenza Schouler
War & Profit
puck.news
wildly interesting boom economy in Russia right now despite all of the sanctions imposed by the west
“But as usual, in Moscow, things looked very different. ‘They are even richer,’ a friend in Moscow texted when I asked him how the residents of the chic Patriarch Ponds neighborhood are living through these uncertain times. ‘It is amazing. Never seen so many Lambos and Rolls as last year.’ What about the ruble crisis, I asked? “Don’t care,” he texted. ‘They live in Russia, taking salaries in rubles and spend their money in Russia.’
A friend of his is an interior designer who has been freed by the war of competition. Her problem, she now says, is being able to finish all the jobs that have fallen in her lap, not getting new customers. Another friend, who works for a Russian oligarch, told my friend, ‘You have no idea how much money there is in Russia right now.’ Said ‘Only a fool wouldn’t be able to earn money right now.’”
apparently if you're remotely good at making money, you're making a *fuck ton* of money in Russia right now, and so long as you're transacting solely in Rubles, it doesn't really matter that the currency is collapsing
long term, however, it's gotta mean terrible things for their economy and the Ruble being weak can't be good for long
apparently there is tons of money flowing to the poorest regions of Russia for signing bonuses for soldiers, and they're even helping soldiers out with their mortgages as a way to encourage them to join the fight
in essence, there's a massive wealth redistribution going on in Russia, and it's all just coming from the country's budget and (as would make Keynes proud), trickling down throughout the entire country
which, if you think about the goals of the sanctions, is not in the West's favor, at least in the short-term
the point of the sanctions ideally would have been to create a slowdown in Russia that caused the public to lose support for the war, but if the economy is booming.......don't count on it
Velez’s clothes are thrashed, harsh, and even imply some kind of violence. She isn’t interested in “beauty” in the old-fashioned sense of the fashion industry, but in the chaotic multiplicities contained within femininity, even as women are portrayed exclusively as victims in the media.
Adam Lehrer • Who’s Afraid of Elena Velez?
What really works in American fashion is consistency. I’m usually pretty bored by Ulla Johnson ’s shows, but on Sunday morning I couldn’t help feeling dazzled by her three-dimensional florals and dizzying zig-zag knits. (Made me think she’d be a great designer for Missoni, but that brand needs help, and she’s too smart to take on some impossible... See more
September Issues
this needs to go in the article about the missing story behind the Saint Laurent name that Chanel — of the same time period, it can be argued, (YSL and Lagerfeld being direct contemporaries) — has done well with
At times, three to four new essays by Publius appeared in the papers in a single week. Garry Wills observes that this fast pace of production "overwhelmed" any possible response: "Who, given ample time could have answered such a battery of arguments? And no time was given."[
The Federalist Papers
Though Cash App’s revenue comes primarily from subscriptions and services, not peer-to-peer transactions, it still needs downloads.