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Showing posts from October, 2011

Suitpossum in the Guardian: On Financial Activism and the Occupy Movement

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Winter is approaching and it’s looking like one of discontent. St. Paul’s cathedral has become home to a couple hundred protesters freezing in colourful tents, railing against the global financial sector. It's the Occupy London movement. On Tuesday night I attended the general assembly outside St. Paul's. It was mostly to go through certain housekeeping protocols, like why it’s a bad idea to piss in bottles and throw them into public bins. Other items on the agenda were issues of security and maintaining good relationships with the St Paul’s clergy. It’s calmed down a lot since the first Saturday, when the cops were doing their tacky psychological warfare techniques, whispering sweet nothings like “Sir, if you enter the protest, you may not be able to leave again.” There’s a few cops left now, but they’re mostly blending into the scenery. I was impressed by the camp food system that has sprung up, driven by kind donations, some from local chains like Pret (which incidentally a...

The Finance Innovation Lab: Escape to the Country

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A few weeks ago a group of wayward individuals met at Waterloo station. We hitched a ride on a train going north into the English wilderness. Bertrand was forward-thinking enough to have brought beers for the journey, a skill he learnt in his 10 years working for Deutsche Bank as a structured equity derivatives trader. Next to him was Ingo . Ingo does things that make my mind hurt, which involves channelling and managing innovation and systems design, in Sweden. Behind me was Neil . He works for the Young Foundation, helping to design things called Social Impact Bonds, ways of allowing private investors to get involved in financing early interventions that might reduce social malladies. He was chatting to David , who specialises in design, and in particular, new means of mapping and visualising the financial sector. Bertrand started talking about social CDOs , and that's when people on the train started to look at us funny. A girl sitting next to me asked me who we were. Um, how d...