Monday, 21 March 2016

"Gawker Trial: Hulk Hogan Awarded $25 Million More in Punitive Damages"

Following up on "Gawker: Nick Denton's Is Not As Big As He'd Have You Believe".
From The Hollywood Reporter:


A Florida jury awards $25 million to punish the news site
for posting a sex tape (on top of an earlier $115 million verdict). 

 
A Florida jury has awarded Hulk Hogan $25 million in punitive
damages in his sex tape lawsuit against Gawker Media. That's $15
million from

"The Time and Place for ‘Helicopter Money’"

From the Wall Street Journal:

The promise of monetizing the debt is often too good to be true. That doesn’t mean it ought to be taboo, Greg Ip says.

With fiscal and monetary policy reaching their limits, the search for
new solutions to the world’s low-growth, low inflation rut has turned
to “helicopter money.”


The policy gets its name from an essay by Milton Friedman in 1969
that imagined

Gawker: Nick Denton's Is Not As Big As He'd Have You Believe

Net worth.
That should read Nick Denton's net worth is not as big as he'd have you believe.

What?
From Women's Wear Daily:
Gawker Asks for Leniency as Jury Deliberates Adding to $115M Judgment in Hulk Hogan Sex Tape Trial

Attorneys for Gawker Media asked a jury to show mercy when deciding on the amount of punitive damages to award to Terry Bollea, aka Hulk Hogan, after it already awarded him $

U.S. Mining & Extractive Industries: 2015 Losses Wipe Out Profits Of the Peak Of the Bubble Years

From Real Time Economics:

U.S. Mining Losses Last Year Wipe Out Profits From Past Eight Years

The U.S. mining industry—a sector that includes oil drillers—lost more money last year than it made in the previous eight.

Mining corporations with assets of $50 million or more recorded a
collective $227 billion after-tax loss last year, according to Commerce Department data released Monday. That

Apple's Plan To Be At The Center Of Healthcare: "Talk to Your iPhone and See Me in the Morning" (AAPL)

From MIT's Technology Review:

Apple wants to put its devices at the center of health care by figuring out how to solve medicine’s version of the last-mile problem. Today, Apple launched software to help hospitals and others more easily create apps that let patients manage their own conditions, such as by following a digital version of doctors’ orders, recording and tracking symptoms (with

Hurricane Risk and Insurance Pricing Coming Into the 2016 Season

Following up on Friday's "Re/insurance: 'El Niño in decline but impacting global weather, ~50% chance of La Niña'".

La Niña correlates with more hurricanes and in addition, as pointed out in the piece linked above, the now-ending El Niño bears some resemblance to what the Japanese researchers dubbed the Modoki varient, which is also correlated with more hurricanes.

From Artemis:

Will an

Agricultural Futures: "Hedge funds cover ag shorts en masse..."

They've fallen into my trap.*

From Agrimoney:


Hedge funds threw in the towel on short positions in
agricultural commodities at one of the fastest paces on record, in many cases
realising losses – although ironically raising questions about market strength
to come.





Managed money, a proxy for speculators, turned from a net
short position in the main US-traded ags of 213,000 contracts - the