Hedge Fund Manager Says 'Regulate Me!'
Sure, Geithner and Barney Frank are idiots, and regulators are by nature "slow moving," but one hedge funder, who works at an "already registered" fund, says it would be a mistake to fight inevitable regulations, arguing that regulators can't stop top talent from making huge money, and hedge funds don't have anything to hide anyway.
Look, it's not hedge funds' fault that the global economy collapsed. It's the fault of investment banks posing as hedge funds, like Goldman Sachs, which is really just another branch of the United States Treasury Department anyway. Unlike real hedge funds, who make everybody rich, these "fund-to-fund" scoundrels "took so much fat off the bone that the cow started to limp." Thain handed out bonuses early to his buddies. Greenberg got out at the right time. Bush abolished the uptick rule and the Glass-Steagall Act. But now it's hedge funds who are getting chased by hysterical, misinformed politicians who are acting like a "vigilante group outside of Sheriff's door."
Yet, there's no reason to avoid regulations. There may be some more costs involved, and regulators will probably get hedge funds confused with private equity firms. Hey, it's gonna happen. Look, rules are a good thing. Detroit didn't want seat belts, either. You think regulations, like putting limits on the percentage of stocks you can short, will foil the Madoffs of the world? Please! Madoff was handed to the government years ago and they looked the other way. Besides, every senator seeking reelection embarks on a "hedge fund circuit." You think they're going to screw that up?
What can 3D printing do for medicine? The "sky is the limit," says Northwell Health researcher Dr. Todd Goldstein.
- Medical professionals are currently using 3D printers to create prosthetics and patient-specific organ models that doctors can use to prepare for surgery.
- Eventually, scientists hope to print patient-specific organs that can be transplanted safely into the human body.
- Northwell Health, New York State's largest health care provider, is pioneering 3D printing in medicine in three key ways.
An ordained Lama in a Tibetan Buddhist lineage, Lama Rod grew up a queer, black male within the black Christian church in the American south. Navigating all of these intersecting, evolving identities has led him to a life's work based on compassion for self and others.
- "What I'm interested in is deep, systematic change. What I understand now is that real change doesn't happen until change on the inside begins to happen."
- "Masculinity is not inherently toxic. Patriarchy is toxic. We have to let that energy go so we can stop forcing other people to do emotional labor for us."
We were gaining three IQ points per decade for many, many years. Now, that's going backward. Could this explain some of our choices lately?
There's a new study out of Norway that indicates our—well, technically, their—IQs are shrinking, to the tune of about seven IQ points per generation.
Here's why generalists triumph over specialists in the new era of innovation.
- Since the explosion of the knowledge economy in the 1990s, generalist inventors have been making larger and more important contributions than specialists.
- One theory is that the rise of rapid communication technologies allowed the information created by specialists to be rapidly disseminated, meaning generalists can combine information across disciplines to invent something new.
- Here, David Epstein explains how Nintendo's Game Boy was a case of "lateral thinking with withered technology." He also relays the findings of a fascinating study that found the common factor of success among comic book authors.
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