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Tuffy

@smtuffy.bsky.social

6.3K followers 410 following 14K posts

I used to be with it, but then they changed what it was. Now what I'm with isn't it, and what's it seems weird and scary to me, and it'll happen to you, too.

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Tuffy @smtuffy.bsky.social · Oct 16

Weekly reminder

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Tuffy @smtuffy.bsky.social · 36m

Ha, yeah. Though in case it was only one entity (the FCA) who thought this was a good idea.

Tuffy @smtuffy.bsky.social · 38m

Oh yeah, I’m very much on board with the rebundling thesis.

Tuffy @smtuffy.bsky.social · 39m

I mean, c’mon. What are the odds that it would end up being Donald who torpedoed Gavin’s Presidential bid? lol

Tuffy @smtuffy.bsky.social · 48m

Ahhh, just following orders then?

Ben Raderstorf @raders.bsky.social · 10h

Texas National Guard troops arriving in Chicago (via ABC News)

Remember: These are not MAGA stormtroopers. These are everyday teachers and accountants who signed up to serve their country with their spare time. They're being used as political pawns by venal, un-American, draft-dodging president

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Tuffy @smtuffy.bsky.social · 49m

Yeah, it’s solidly fine. Honestly, I probably enjoy it more than Ocean’s 12: The Boys go to Italy

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Tuffy @smtuffy.bsky.social · 55m

He died, off camera, as a plot device in Ocean’s 8 (lady heist film)

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Tuffy @smtuffy.bsky.social · 1h

Isn’t is character dead?

Film Updates @thefilmupdates.bsky.social · 2h

George Clooney says ‘OCEANS 14’ is set to start filming next year.

(Via @enews)

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Tuffy @smtuffy.bsky.social · 1h

Genuinely excited for MiFID 3 (or 4, depending how you count) when the EU mandates rebundling

Metro North @metronorthcapital.bsky.social · 1h

CC: @smtuffy.bsky.social

MiFID U-Turn Sets Up Game of Chicken Over
Research Charges (1)
Summary by Bloomberg Al
• Regulators in the European Union and UK are walking back measures that forced money managers to separate the cost of research from that of trading, but firms are waiting for someone else to make the first move to rebundle.
• Asset managers are keen to rebundle, with 87% of firms in a survey expecting at least half of research bills in Europe to be footed by clients within the next two years, but actual adoption has been slow.
• The stalemate risks undermining the chance of reinvigorating investment research in the region, with industry bodies warning that the structural shifts triggered by MiFID Il may prove near-impossible to undo.
By Justina Lee and Henry Ren
10/08/2025 07:57:53 [BN]
(Bloomberg) -- A quiet standoff is developing among asset managers in Europe that threatens to frustrate an effort to make the region's struggling markets more competitive.
More than seven years after MiFID Il legislation forced money managers to separate the cost of research from that of trading - a move thought to have badly undermined equity coverage - regulators in both the European Union and UK are in the process of walking the measures back.
But firms so far show few signs of embracing this so-called rebundling.
The problem? Rather than start billing their clients for research back in 2018 when the rules came into force, most managers absorbed the cost themselves. While shifting that back to clients would boost their bottom lines, they fear upsetting customers if they announce a reversal. So everyone is now waiting for someone else to make the first move.
"In speaking to what I'll call 10 of the top 20 asset managers in the world, they're keen to do this and they're keen to do it soon," said Jack Pollina, global head of commission management at Virtu Financial.
"Everybody keeps saying, I'm waiting for the first person to make this a public announcement.""

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Tuffy @smtuffy.bsky.social · 1h

Who could have possibly foreseen this? 😂

Tuffy @smtuffy.bsky.social · 1h

at this point, I’s say Portland is pretty indistinguishable from Portsmouth, which is definitely Lower NE

Agree about more of CT needing to be in Tri state - at least along the coast to probably about new Canaan

Have some minor quibbles about LNE cutting that fare north in central NH

Reposted by Tuffy

William Hazen @williamhazen.bsky.social · 1d

This is the most accurate depiction of the Midwest to date. Wichita has always felt like the last Midwest city while also being the first plains city.

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Tuffy @smtuffy.bsky.social · 3h

tbf slop and predatory products are basically they only area of the ETF landscape where small shops can compete

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Reposted by Tuffy

Mark O’Neill 🐻 @radiobeartime.com · 6h

Baffling that 1930’s Germany has become a core theme of the Irish Presidential Election

Richard Chambers @newschambers.bsky.social · 6h

The now deleted video from Heather Humphreys’ team including an image of the Reichstag building in Berlin.

Video focused on how Heather knows the border and the North - and was posted days after she said she doesn’t just go on “day trips”.

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Reposted by Tuffy

Sam Cole @samleecole.bsky.social · 1d

Cops misled journalists about using a powerful surveillance tool to track a woman across state lines because she had an abortion, then tried to cover it up when we found out the truth. Huge story from @jasonkoebler.bsky.social and @josephcox.bsky.social this morning: www.404media.co/police-said-...

Police Said They Surveilled Woman Who Had an Abortion for Her 'Safety.' Court Records Show They Considered Charging Her With a Crime

Court records show that the narrative Flock and a Texas Sheriff's Office has told the public isn't the whole story, and that police were conducting a 'death investigation' into the abortion.

www.404media.co

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Tuffy @smtuffy.bsky.social · 3h

We’re getting a fun realtime stress test of the post-GFC regulatory idea of moving risk out of banks and into markets.

Financial Times @financialtimes.com · 3h

Breaking news: Jefferies has set out its exposure to bankrupt car parts maker First Brands, revealing that one of its credit funds has about $715mn of exposure linked to the group, making the US investment bank one of the largest-known creditors to the auto parts company on.ft.com/3IAt7th

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Tuffy @smtuffy.bsky.social · 4h

MiFID 2?

Adam Bienkov @adambienkov.bsky.social · 5h

"15 years ago, Polish workers came here to find opportunity. Now Poland is growing twice as fast as we are," says Kemi Badenoch.

Any ideas what may have happened in the interim?

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Tuffy @smtuffy.bsky.social · 5h

Yeah, we need some momentum ahead of the Munster game in Croke park - which I’m now far more nervous about than I should be

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Tuffy @smtuffy.bsky.social · 5h

One would hope so

Tuffy @smtuffy.bsky.social · 6h

Turns out it’s hard to insure a business model that relies heavily on breaking copyright laws

Financial Times @financialtimes.com · 6h

OpenAI and Anthropic are considering using investor funds to settle potential claims from multibillion-dollar lawsuits on.ft.com/4mWEfyK

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Tuffy @smtuffy.bsky.social · 7h

UK politics seem kinda borked, eh?

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Reposted by Tuffy

Janet Hill @saskajanet.bsky.social · 14h

Look at her go!
#invertebrates 🌿

Screen shot of Project Monarch app map of progress of a monarch butterfly from southern Ontario to Oklahoma.

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Reposted by Tuffy

Cethan Leahy @cethanleahy.com · 8h

Blinkist fascinated me because it always seemed like an admission that the non fiction books targeted at their audience (CEOs and aspiring CEOs) only had two thousand words of an idea stretched out to 200 pages.

The New Yorker @newyorker.com · 15h

Abridging has always been in vogue. Now, apps like Blinkist take entire books and crunch them down to a series of what are called Blinks—which amount to around 2,000 words. “Is that what books are coming to, a handy social lubricant?” Anthony Lane asks.

Can You Read a Book in a Quarter of an Hour?

Phone apps now offer to boil down entire books into micro-synopses. What they leave out is revealing.

www.newyorker.com

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Tuffy @smtuffy.bsky.social · 7h

Yo, it’s crazy that there are very few people alive that experienced an event that took place 85 years ago. Really makes you think.

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Tuffy @smtuffy.bsky.social · 8h

I see we’re doing “linear time, how does it work?” again

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Tuffy @smtuffy.bsky.social · 17h

The Irish press had been pretty good about not needlessly indulging these kinds of RW charlatans b/c their views aren’t actually that popular. However, they just can’t help themselves when it comes to Steen.

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