The $101m Heist

“A $101m bank heist unseats the governor of Bangladesh’s central bank”

by The Economist

It was as audacious as any heist, and yet unlikely material for a Hollywood blockbuster. Hackers masquerading as officials from Bangladesh’s central bank asked the New York branch of the Federal Reserve to transfer nearly $1 billion to private bank accounts in Sri Lanka and the Philippines. By the time authorities cottoned on, $101m had been nicked. On March 15th Atiur Rahman, the governor of Bangladesh’s central bank, took the blame and resigned.

Read The Rest >

“The Art of Marketing Marijuana”

by Vauhini Vara (The Atlantic)

Not long ago, I visited a Denver company called Dixie Brands, whose answer to the commoditization dilemma has been to sell goods that are derived from cannabis rather than selling the bud itself — sort of like selling salsa instead of tomatoes. It now makes pot-infused chocolates, mints, beverages, and balms.

Read The Rest >