Numbers vs more judgment: the US-Europe regulatory divide widens - @dsquareddigest.bsky.social column here www.ft.com/content/b12c...

Sequoia’s shake-up may be a VC turning point - column here from Richard Waters www.ft.com/content/1d8f...

If anyone is interested in what Transport for London’s own in-house pay-per-mile scheme might have looked like, all the leaked details here. Have lifted this out of the paywall in case it helps anyone writing about today’s Treasury briefings/leaks… www.londoncentric.media/p/london-roa...

"everyone knows the project won’t work; it is now just a matter of letting MBS down gently" Deep dive on Neom focuses on The Line - a building planned at a scale that would run from London to the Norfolk coast but in the desert. Absolutely wild, absolutely doomed ig.ft.com/saudi-neom-l...

quite a chart from WashPost www.washingtonpost.com/politics/202...

A year of Donald Trump in charts www.ft.com/content/266a...

Machines haven’t taken over bond markets — they have just made more room for humans: column here from Zornitsa Todorova of Barclays. Voice broking still counts. Electronic trading volumes have been stuck at about 60% for Treasuries in recent years and less in corp bonds. www.ft.com/content/287f...

Thomas Piketty in the FT! - fascinating Q&A exchange here with @joelsuss.ft.com www.ft.com/content/860f...

Such ugly efforts to stop Mamdani winning - the level of anti-Muslim bigotry thrown around during the campaign should not be forgotten

BOTHA OUT Sequoia chief Roelof Botha steps down from Silicon Valley venture firm - lasted just 3 years in role Days after the FT revealed recent departure of Sequoia’s COO Sumaiya Balbale was precipitated by social media posts by colleague Shaun Maguire on.ft.com/4nF3qpE

35bps on the 10-year in a month is not trivial - and notable that the fiscal crisis talk has been meaningfully quietened

Reeves bets on the long-term — will she be around to reap the benefits? on.ft.com/4nNyLqw

Banking veteran Colm Kelleher of UBS is warning that insurers are engaging in “ratings arbitrage” akin to what banks and other institutions did with subprime loans before the 2008 financial crisis - rpt by @arjunneilalim.ft.com www.ft.com/content/73ee...

The New York mayoral election is the big story - very good reporting here from @guychazan.bsky.social here on Mamdani and means for his party/US politics. One quote: “What he really teaches the Democrats is — find a charismatic candidate!” www.ft.com/content/92bf...

The dark side of Japanese convenience stores - this is really fascinating from Harry Dempsey and @davidkeo.bsky.social. The business model of the konbinis that everyone loves is becoming exposed, with the system under strain from labour shortages as Japan ages. www.ft.com/content/7866...

First interview with Mike "Woody" Sherwood since since stepping down as co-head of Goldman Sachs Int 9 years ago, talking on Revolut, David Solomon and the Greenhouse Sports charity he founded. It is a fantastic charity and is launching a fund-raising this weekend www.ft.com/content/a23d...

Great to work with @aendra.com @amyborrett.ft.com @jonathanvincent.bsky.social on this important new dataset of deprivation in England

In the AI boom, not all capex is created equal - Richard Waters here on the big differences in the level of risk and likely returns of Big Tech’s spending www.ft.com/content/5395...

Now is the time for Argentina to float the peso - column here from Barry Eichengreen. Staying the current monetary course implies more chaos, not less www.ft.com/content/72e1...

Why optimists build better infrastructure @dianecoyle1859.bsky.social here why a key to more investment in infrastructure in the UK is rekindling some of the late Victorian optimism on the future www.ft.com/content/0ad5...

this is interesting from June Yoon on what Chinese companies are doing on smart glasses as they gear up to compete against Meta etc. One option is video might be dropped in future releases www.ft.com/content/419d...

The fun thing about having a small team working with you is you can say "hey you're spending this week digging for stolen mobile phones in London flowerbeds, I promise you it's a thing". www.londoncentric.media/p/london-pho...

Mira Nair on raising Zohran Mamdani and his political career - dispatch here from @guychazan.bsky.social www.ft.com/content/a7b6...

Is it really a bubble? very interesting @tobyn.bsky.social blog for @alphaville.ft.com on some research by Goldman on valuation comparisons including this chart on individual stocks. Hard to believe a bank - Ind Bank of Japan - reached a 24mth forward pe of 154 times www.ft.com/content/e655...

Revenge against the banking nerds is near - @thekrazykobra.bsky.social's column on AI replacing a lot of the modelling grunt work is drawing a lot of debate... www.ft.com/content/0b7f...

I’ve done some book reviewing. Restaurants, name dropping and backstabbing. All life is there.

Kirkland & Ellis has given its lawyers training on their communication style as it tries to combat a reputation for uncooperative behaviour in negotiations between its private equity clients and their investors - rpt by @alexandraheal.bsky.social www.ft.com/content/ad10...

"Markets are no longer taking guidance from the Fed about low long-term interest rates. Instead, they have priced in significant term premia, representing their requirement for higher returns for holding long-term government debt."

out of the kiln this weekend

Obit here of Sri Owen who did so much to raise awareness of Indonesian food - and Asian cuisine more generally- in the UK www.thetimes.com/uk/obituarie...

Japan’s Baedeker of beastliness - great @urbandirt.bsky.social column on a Japanese lexicon of terms to describe harassment and workplace microaggressions. Ie suihara (the deliberately uneven distribution of cake in the office) www.ft.com/content/6955...

Hadn’t, in truth, really absorbed the scale of what the Conservatives are proposing on ILR and immigration more broadly until this week’s Sunday Times interviews. Some thoughts on that in today’s note:

Frightening piece from my colleague Aanu www.ft.com/content/e05d...

European equity markets are working better than you might think, argues @williamw1.bsky.social here. The real challenges are not fragmentation along national lines or competition between different types of trading www.ft.com/content/1182...

“All of a sudden, the warnings are coming from all sides.” - @katie0martin.ft.com here the market Bubble-talk breaking out everywhere www.ft.com/content/ce8b...

Sequoia COO quit over Shaun Maguire’s comments about Mamdani www.ft.com/content/8e6d...

Boring boring Arsenal

Can confirm that at 77, June Tabor is still is one of the most striking singers England has produced. Extraordinary, ageless voice at a concert. She is a national treasure

Three weekend reads I enjoyed - first on how to raise chickens in HTSI. Genuinely fascinating www.ft.com/content/63e7...

“When the tide goes out . . . things are going to come out" Don't miss @ericgplatt.ft.com @kateduguid.bsky.social + @pollard.bsky.social on the First Brands test for CLOs www.ft.com/content/2cd2...

this is quite something - a rare public outing by Tom Waits with a moving performance of Tom Traubert's Blues, with its Waltzing Matilda refrain. Made for an Italian documentary, he uses the song to make a call for compassion for the homeless. He is now 75 www.youtube.com/watch?v=U2sV...

Crispin Odey polls former staff to canvass support ahead of libel case on.ft.com/3JiY31j

Swiss court ruling has left a big unknown over Credit Suisse AT1 bonds saga - will investors who were wiped out now seek compensation? will the bonds be reinstated on the UBS balance sheet etc? sharp column from Jerôme Legras www.ft.com/content/a53e...

This seems quite a story www.thetimes.com/world/europe...

Chart of the day - from this story on how ten AI start-ups have gained close to $1tn in valuation over the past 12 months from @georgehammond.bsky.social. “Of course there’s a bubble,” said Hemant Taneja of General Catalyst. www.ft.com/content/59ba...

FT Investigation: How the Trump companies made $1bn from crypto. Some great work here www.ft.com/content/2ea2...

Tolkein continues to resonate. The new bank being set up by Palmer Luckey and backed by Peter Thiel is named Erebor after the “lonely mountain” in The Hobbit. This was also an interesting line in this rpt on the new bank by @tabbykinder.bsky.social www.ft.com/content/202d...

Trump apparently wants to build a "Arc de Trump" in Washington www.axios.com/2025/10/15/t...

Can Tesla stay a trillion dollar company on just two models? the always excellent June Yoon here www.ft.com/content/b3d1...