The Shearing of Sam Bankman-Fried

Caroline Ellison, a government witness and the former chief executive of Alameda Research (the trading arm of Mr. Bankman-Fried’s empire) and Mr. Bankman-Fried’s former girlfriend, testified in court that “he said he thought his hair had been very valuable.” Ever since an early job at the Wall Street firm Jane Street, Ms. Ellison testified, “he…

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It Might Be Time to Consider Timisoara

Families stroll and savor gelato cones as bike couriers whiz by. Pensioners relax on benches near manicured flower beds while earbud-wearing hipsters walk dogs and children chase pigeons by a fountain laden with bronze fish. The scene in Victory Square in Timisoara, Romania, is quintessentially European — modern meets Old World. Scanning the imposing Art…

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