Financial Review

Mar. 5, 2019 – Links

What we are reading today:

An explosive exposé of a $9 billion Russian money-laundering operation entangles Citigroup, Raiffeisen, and Deutsche Bank – Business Insider. We are all asking the same question. Why wasn’t Goldman Sachs involved in this illegal scheme? It almost seems like Goldman is just phoning it in.

Sen. Brian Schatz introduces a new bill to tax stock trades and curb high-frequency trading – Vox. High frequency traders scalp a fraction of a point on each trade; the governme t want sot adopt that business model.

U.S. deaths from alcohol, drugs and suicide hit highest level since record-keeping began – USA Today. This seems ot confirm the work of economists Angus Deaton and Anne Case

GE shares decline as company sees ‘significant’ headwinds to 2019 industrial cash flows – Yahoo.

Tesla Sell-Off Worsens After Elon Musk’s Surprise Store Closings – Bloomberg. Misprinted labels caused a delay. Lots of things can cause delays.

JPMorgan backs away from private prison finance – Reuters. This looks like something you’d make your bank do if you wanted to run for President?

British PM May’s top lawyer in Brussels in last-ditch Brexit bid – Reuters. T minus 24 days.

Construction spending sags in 2018 — but falling interest rates lift odds of bounce back – Marketwatch.

Three Things to Know About the Tornadoes That Devastated Rural Alabama – Mother Jones. A harbinger?

Puerto Rico, the Board, and the Appointments Clause – Creditslips.org.

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