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
What is perhaps most debilitating for Iger, however, is the simple fact that the rules of the game have changed, and the ambitions have diminished. The glory days of growth and conquest that defined his first tenure have given way to a brutal battle for survival, one in which Iger may be forced to deconstruct the very empire he helped build,... See more
Dylan Byers • The Iger Bunker
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
Now, it’s Khaite’s turn. The Cate Holstein -designed label is now under the watch of Stripes, one of the few investment firms that regularly takes bets on fashion. Backstage at that show, I asked Holstein how the money has empowered her: I expected her to mention supply chain upgrades or more freedom with show budgets. (The Park Avenue Armory... See more
September Issues
If you tend to blame celebrity culture run amok for our current national woes, you might find some poetry in this week’s news that Interview would fold, bankrupt, just short of its fiftieth year—mired in lawsuits over unpaid work and rampant infighting. But mostly it’s just a bummer, like hearing about an East Village punk den shutting its... See more
Michael Schulman • The Legacy of Interview Magazine and a Trip to 1988
that last part is fucking brutal
"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!
B2B Buy Now, Pay Later
Small Business Financial Solutions | Backd Business Finance
Ultimately, Proenza’s fortunes unravelled for many of the same reasons so many of its peers are no longer in business: misallocation of funds, disagreements with investors, seismic shifts in the industry at large, and a fashion ecosystem that did a poor job of preparing young designers for the realities of entrepreneurship.
The Nine Lives of Proenza Schouler
Quality : Among subscribers, the perceived “quality” for Max is at 55 percent, the same as in January—even as all the other streamers dropped, and well above the 43 percent of Discovery+. So Max is benefitting from the HBO association, despite dropping the HBO brand from the name.
Max Lost the HBO Name But Kept the Brand Halo
someone, everyone, should check back on this to see whether or not this stands in a year or two. the logo for Max doesn't even look premium.