Yesterday’s News 2026 06 09

curated news excerpts & citations
… trying to ‘unbury the lede’

Homes destroyed by the Eaton Fire in Altadena, California, US, on Monday, Jan. 20, 2025. Hurricane-strength gusts from Santa Ana winds will sweep over the mountains and foothills around Los Angeles, putting the region back on high alert after two weeks of devastating fires.Photographer: Kyle Grillot/Bloomberg

Gautam Naik, Olivia Raimonde @ Bloomberg: Wall Street Seeks Catastrophe Modelers and Weather Analysts

With risk comes opportunity. At least that’s the case for some of the biggest firms on Wall Street, who are searching for experts to help build out their insurance-linked securities desks.

Today’s newsletter goes into the recruiting process and why it pays to be able to model natural disasters. Plus, New York just got a huge influx of clean power, but it still needs more.

When Mitesh Parikh, a headhunter at UK recruiter Selby Jennings, started looking for an ILS modeler for a large US hedge fund this year, the pool of qualified candidates was disconcertingly small.

It took a couple of months before Parikh was able to find the right candidate for his US hedge-fund client, whose identity he declined to disclose. The standard compensation package for such hires tends to be around $400,000 to $670,000, he said.

Matthew Gault @ 404 Media: A Farmer Donated Land to Turn into a Park. The City Is Building a Massive Data Center Instead

In 1999, a farmer gave away 87 acres of land to a small Texas city [Taylor] to use as a park. The city sold to a data center developer for $10 million.

Bill McKibben: Trying to imagine a working world


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