Your "need to know" pointers for the day
From Zeke Faux with Bloomberg News, we learn that Wall Street finds new subprime with 125% business loans. Colleague Indira Lakshmanan billed that as "Wolf of Wall St's spawn: a vet of Jordan Belfort's boiler room charges 125% in new loan venture."
Here's an update on America's involvement in Nigeria and elsewhere, in the form of a map from the Washington Post's Adam Taylor: The U.S. currently has troops in these African countries. "And this is what is public," NYT's Erik Eckholm reminded us.
In a piece that's been climbing the Muck Rack newsroom for some time now, The Atlantic's Ta-Nehisi Coates makes an erudite Case for Reparations. Vox's Ezra Klein admitted, "The details in section IV of Ta-Nehisi Coates' reparations article are almost too horrible to read." TIME's James Poniewozik shared that he's "[r]ewarding each chunk of work I do today with reading one more section of Ta-Nehisi Coates' reparations essay." One reader Sandy Klanfer advised, "Guys, read this. Seriously. It's going to win every journalism award, so you might as well get ahead of the curve."
And while we're on the subject of racism, senators are urging the NFL to act on Redskins’ name, citing the NBA as an example. "I would assume a similar letter is on its way about the Cleveland Indians, right?" WSJ's Reid Epstein asked.
(Image grab: The Atlantic)