What Atlantic Magazine Forgot to Tell You About Mayor Bloomberg

"What the profile doesn't tell you is that at the time, Bloomberg was able to provide the 'inside quote' at which the Fed's chosen Primary Dealers traded with the Fed. This quote was of utmost importance to traders at the time, especially bond traders. They needed Bloomberg's access to this inside quote to understand what the Fed was doing (The Fed didn't announce interest rate targets at the time). It remains to this day unclear why Bloomberg was allowed to provide the inside quote on his machines, when others were denied the ability to do so. I know this for a fact, since I was at the time a consultant to a major firm that was denied the right to publish the quote." Continue reading

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Google threatens to drop links to French media if pay-per-link law passes

"Internet giant Google has warned it would exclude French media sites from its search results if France adopts a law forcing search engines to pay for content, in the latest confrontation with European governments. A letter sent by Google to several French ministerial offices this month said it 'cannot accept' such a move and the company 'as a consequence would be required to no longer reference French sites,' according to a copy obtained by AFP. France’s new Socialist government, which is open to helping struggling media companies, warned Google that it should not threaten democratic governments." Continue reading

Continue ReadingGoogle threatens to drop links to French media if pay-per-link law passes