Richard Beales joined Breakingviews in 2007 from the Financial Times, where he was U.S. markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker at Schroders and Citigroup, based largely in Hong Kong and working on project finance, mergers and acquisitions. He has also lived in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s College, Cambridge. Follow Richard on Twitter @richardbeales1
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Christie’s says artworks owned by the bankrupt Motor City could fetch up to $866 mln. That’s nearly 10 pct of unsecured creditors’ claims. But there’s no need to stop there. With 78,000 abandoned buildings and a Banksy tag worth $1 mln or more, graffiti could save the day.
Wall Street bigwigs often lean economically right and socially left. Pope Francis takes the opposite stance. He might like the relatively uncommercialized Thanksgiving holiday. And over turkey, America’s rich might ponder a financial system that “rules rather than serves.”
Jony Ive is the British perfectionist who leads the U.S. tech giant’s design team. A new book shows his huge influence uniting form and function at Apple. But Ive the man remains largely hidden behind a screen that’s as obsessively crafted as any of the company’s gadgets.
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