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
Free banking in the simplest sense is just free-market banking. In pure free banking1, there is no central bank, there are no legal tender laws, and the government would in general not privilege any particular currency
"There is a tremendous squeeze these days," said Arnold Kaufman, editor of Standard & Poor's Outlook newsletter, which tracks dividend trends. "Profits are no longer high enough to pay for dividends at many companies."
Steve Lohr • Companies Cut Stock Dividends As Profits Drop (Published 1991)
1991!
None of them. No Birkins, no SoHo loft, no drivers. I still meal prep every week. I still bring my own lunch. I take the train. Sometimes when I'm really stressed, I indulge myself and take a cab with UNI.
Brenda Weischer • BRENDA’S BUSINESS with PETER DO
In a consumer survey last year, the Federal Reserve found that 37% of Americans lacked the savings to cover an unantici- pated $400 expense.
To be clear, Buffett is the largest economic shareholder in Paramount but Shari still controls nearly 80 percent of the voting stock
Are You There, Aryeh? It’s Me, Shari…
Shari only owns 10% of the company, and that 10% first-class stock has 80% of the voting shares, which is wild. Back in the L*s M**nves days, they tried a “nuclear option” with Marty Lipton to provide a dividend to the second-class shares that didn't give money but instead granted votes, which would have the Redstone shares powerless. It never went through.
Lemonade had set a world record by paying one New Yorker’s claim for his stolen Canada Goose parka in three seconds—the time it took Lemonade’s claims bot to run 18 antifraud algorithms and send bank instructions to deposit $729 in the man’s account.
Jeff Kauflin • First, Fire All The Brokers: How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting The Insurance Business
For Tapestry, the most important customer has been the investor, and in that way, it’s not a bad business
Coach & Kors’ Marriage of Convenience
companies that view the investor as the customer do well, companies that view the customer as the customer do insanely well — Apple, LVMH
Untangling the Mystery of the World’s First Rooftop Solar Panel - bellingcat
Foeke Postmabellingcat.com
nothing really to gain from this article, just very interesting, and i had no idea that there were even mentions let alone prototypes of solar energy like this as early as the 1880s. also hilarious that at the time, they said it wouldn't be commercially viable for some of the same challenges we face today: energy storage.
also cool that this all happened on Nassau and Maiden Lane, just a few blocks from my apartment — “FiDi”, as we call it now, is the epitome of Lower Manhattan, as it should be called, and it's a beautiful place, with massively rich history
maybe this is some reference imagery for “Lower Manhattan”, the brand
What if you and your friends had your own little internet, the size of a room? No outside influence, no outside information, no viral trends, no content-suggesting algorithms; just the machines and the people within the physical space. What would you do on your little internet?