Protectionism in Drag
Treasury Secretary Timothy Geithner is right to worry about the European Union’s proposed “alternative investment fund” regulations, which he has branded “protectionism in drag.”
Treasury Secretary Timothy Geithner is right to worry about the European Union’s proposed "alternative investment fund" regulations, which he has branded "protectionism in drag." "The proposal, which European finance ministers will discuss tomorrow in Brussels, would effectively bar hedge funds and private-equity funds from marketing themselves throughout the EU unless those funds are managed inside the bloc. The list of new requirements on location, leverage and disclosure for outside players is supposed to protect EU investors from shady offshore operators. But protestations from Brussels aside, their real purpose is to reduce tax and regulatory competition. Switzerland and the U.S. are no doubt the main targets, but the U.K. would also feel the sting. Since many of Britain's fund managers and custodian banks are themselves based around the world, they would essentially be forced to choose between Europe and everywhere else. Nor would these rules lower the risk of another financial meltdown. Despite what some regulators would have the public believe, hedge funds weren't the source of systemic risk during the panic."
The ability to speak clearly, succinctly, and powerfully is easier than you think
The ability to communicate effectively can make or break a person's assessment of your intelligence, competence, and authenticity.
Researchers discover a link between nonverbal synchronization and relationship success.
- Scientists say coordinating movements leads to increased intimacy and sexual desire in a couple.
- The improved rapport and empathy was also observed in people who didn't know each other.
- Non-verbal clues are very important in the development stages of a relationship.
What defines a dark horse? The all-important decision to pursue fulfillment and excellence.
When we first set the Dark Horse Project in motion, fulfillment was the last thing on our minds. We were hoping to uncover specific and possibly idiosyncratic study methods, learning techniques, and rehearsal regimes that dark horses used to attain excellence. Our training made us resistant to ambiguous variables that were difficult to quantify, and personal fulfillment seemed downright foggy. But our training also taught us never to ignore the evidence, no matter how much it violated our expectations.
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