Monday links: rewarding ownership over effort

Jane Street, a finance firm, experienced a challenging July in terms of performance, as reported by The Financial Times. Private fund placement agents have various payment structures, as discussed in a Substack article. The legality and ethics of Truth Social's API have been scrutinized in The New Yorker. Texas residents pay more for municipal bonds compared to Californians, according to Bloomberg.

GAAP compliance's significance for municipal bond investors is a topic of discussion in a paper on SSRN. The role of hyperscalers in bond market issuance is explored in a Wall Street Journal article. AI-driven companies are acquiring rare books, scanning them, and subsequently destroying them, as highlighted by 404 Media. An invite is extended to professionals in wealth management to join the Talking Wealth newsletter.

Abnormal Returns' daily newsletter is also recommended. Joe Weisenthal and Tracy Alloway interview Miles Brundage, the founder and executive director of the non-profit AVERI, regarding the recent HuggingFace hack. Derek Thompson converses with Alex Stamos, the CSO at Corridor, about AI usage by hackers. New York City's office-to-residential conversions are examined.

Red states are considering measures to reduce property taxes. Drought's impact on Europe's economy is reported by The Financial Times. China is emerging as the leader in securing scientific talent. Jared Kushner's diplomatic record is analyzed. The Wall Street Journal and The Ringing blog delve into Mark Walters' business empire and its government scrutiny.