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Turns out the Fed’s plate isn’t just full of decisions surrounding interest rates.  It’s got a massive portfolio of mortgage and Treasury securities that needs some serious tending, too – WSJ

With the lowly avocado as our proxy, here’s a look at what a tax on imports from Mexico could mean for the US consumer – NYTimes

On Friday, former Jeffries & Co trader Jesse Litvak managed to escape conviction on all but one of 10 counts of securities fraud in his retrial over allegations that he hid profit margins from buyers of distressed bonds post-crisis – Law360 and WSJ

UBS has joined a chorus of financial industry insiders who expect the DOL’s new fiduciary rule to be delayed (at minimum) and perhaps not implemented at all – WSJ

Still, not everyone [see, e.g., Morgan Stanley] is playing the waiting game – Bloomberg

A few different angles on Silicon Valley’s attempt to define itself under a very different political climate – NYTimes and NYTimes and Bloomberg

Globalization is helping bring European-style manufacturing apprenticeship programs to the US. The catch? More than a high school diploma is generally required – NYTimes

Ikea’s taking a page from Apple and welcoming open sourcing (not in its apps, though.  Think sofas) – WSJ

Let’s pour one out for Old Man Fed, who defeated Rafa Nadal in a back-and-forth 5 setter to win the Australian Open—his 18th Grand Slam victory – NYTimes [Also, by the way, all hail to the Queen]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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