Edouard Chazal

Weekend of Fear in Greece as Monday Brings Salvation or Ruin

Dorothea Lambros stood outside an HSBC branch in central Athens on Friday afternoon, an envelope stuffed with cash in one hand and a 38,000 euro ($43,000) cashier’s check in the other.

She was a few minutes too late to make her deposit at the London-based bank. She was too scared to take her life-savings back to her Greek bank. She worried it wouldn’t survive the weekend.

“I don’t know what happens on Monday,” said Lambros, a 58-year-old government employee.

Nobody does. Every shifting deadline, every last-gasp effort has built up to this: a nation that went to sleep on Friday not knowing what Monday will bring. A deal, or more brinkmanship. Shuttered banks and empty cash machines, or a few more days of euros in their pockets and drachmas in their past — and maybe their future.

→ Bloomberg

More Ties Than We Thought

There is 177,147 different tie knots according to this paper.

The pair used an existing tool from logic – known as formal language theory – to express the basic rules of tying a neck tie as a series of symbols. This included things like the placement of the tie, the direction of the fold and the need to end in a final tuck. They used their tie language to show that only 85 knots were possible.

Now mathematician Mikael Vejdemo-Johansson of the KTH Royal Institute of Technology in Stockholm, Sweden, has vastly broadened the tie landscape.

→ New Scientist

Bill Gross Thinks The End Is Near

Sorkin: I have to know: Why do you wear your tie like that?

Gross: I came down here to Orange County in ’71 from L.A., and Pimco had this brand-new, beautiful building, but they didn’t have a gym or showers. I was an exercise nut. At noon, I’d change in the bathroom and then run for about five miles. Since there wasn’t a shower, I’d towel off as best I could, but I’d be sweating and hot for an hour or two. So in the afternoon, I began to just not tie my tie. Then a year or two later, I said: “Well, what the hell, I guess I’m not tying it in the afternoon, I’ll just not tie it in the morning either.”

→ The New York Times Magazine

The History of E-Cigarettes

A rather neat interactive timeline of the e-cigarette.

The e-cigarette was invented by Hon Lik, a 52 year old pharmacist in Beijing, China. He reportedly invented the device after his father, a heavy smoker, died of lung cancer. This timeline charts the history of e-cigarettes from invention in 2003, to present day.

→ purplebox vapours

Bill Gross’s Bloomberg Terminal, Now A Piece of History

The keyboard will be on display as part of the Smithsonian’s “American Enterprise” exhibition and become part of the permanent collection, according to Peter Liebhold, chair and curator of the division of work and industry at the Washington-based National Museum of American History. Accompanying the keyboard are two Beanie Babies — a bull and a bear that were draped over Gross’s monitors at Pimco — and a pair of fuzzy dice representing “his beginnings as a professional blackjack player,” Liebhold said.

“My favorite thing is the password,” Liebhold said in a telephone interview Friday. “If you look at the keyboard you can see that Bill Gross, who’s controlling maybe the biggest bond fund in the world, on a piece of paper Scotch taped to the top of his keyboard has written his ID and his password. So he’s just like everybody else.”

→ Bloomberg