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...matter; state laws determine the nature of a "legitimate medical purpose" for controlled drugs and could choose to interpret cognitive enhancement as "medical.") Students usually get stimulants from friends or family who have legitimate prescriptions, which is illegal. In any case, one can't access the drugs without some amount of expendable cash, which raises the concern that they are available only to the wealthy...

Author: /time Magazine | Title: Popping Smart Pills: The Case for Cognitive Enhancement | 1/6/2009 | See Source »

Suppose some investors decide to withdraw their money from a hedge fund. The fund must liquidate the appropriate amount of its assets to pay these investors. Say the fund holds large positions in illiquid assets. The fund cannot immediately sell these assets, except at a fatal loss, so it would sell its more liquid assets. Given that the fund is more likely to inflate its estimation of the illiquid assets, it would seem that investors who withdraw early get the better returns over that time period. Sounds a bit like a Ponzi scheme, right...

Author: /time Magazine | Title: The Ponzi Scheme in Every Hedge Fund | 1/5/2009 | See Source »

...deliver a Macworld address to unveil the flat-panel iMac. (It was my story; I know.) I later heard that Jobs was so upset that he told his handlers he wasn't going to give the speech; he'd simply cancel the keynote. They had to spend a significant amount of energy talking him off the roof. So it's entirely possible that he decided to blow off IDG at the last minute...

Author: /time Magazine | Title: Dispatches from the Steve Jobs Rumor Mill | 1/5/2009 | See Source »

...finished the game with 12 points and three steals.The Crimson was without its other co-captain, Niki Finelli, who was sick with the flu.“It was tough to play without her,” Delaney-Smith said. “She brings an enormous amount of energy and leadership to the floor.”Harvard found itself up 49-45 with four and a half minutes to play. Saints’ Captain Heather Stec, who finished with a game-high 17 points, made back-to-back baskets to even the score at 49 with...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: A Tale of Two Losses for Harvard in West Coast Tourney | 1/4/2009 | See Source »

...Crimson got several quality chances in the final period, including a short-handed breakaway from tri-captain Sarah Vaillancourt, but Tigers netminder Kristen Young was impenetrable. “They capitalized on one of our mistakes, and outside of that, I thought we put a tremendous amount of pressure on them,” Harvard coach Katey Stone said. “Their goaltender played very well, our goaltender played very well.” Young turned away all 31 of the shots she faced, while Martin made 20 stops in net for the Crimson. Late in the game, junior...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: New Year Starts with Tough Home Defeat | 1/4/2009 | See Source »

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