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Hedge funds practice such risky behavior because there are effectively no consequences for them. If hedge funds have fewer than 100 investors, or investors worth at least $5 million each, they are exempt from the Securities Exchange Commission Act of 1934 and the Investment Company Act of 1940. By avoiding...

Author: By Jeffrey D. Nanney | Title: Greed Is Not Good | 2/11/2008 | See Source »

Since the formal founding of the East Asian Languages and Civilizations Department in 1972, Harvard has offered a plethora of courses and workshops on various East Asian societies and their respective histories . From the basic survey courses on China, Japan, and Korea that dot the Core Curriculum to advanced seminars...

Author: By The Crimson Staff | Title: Smoothing Out the Wrinkles | 2/11/2008 | See Source »

Top finance chiefs talked about the U.S. housing market, rising energy prices, financial-sector reform, credit problems, inflation and exchange rates. But rather than resulting in specific measures, the meeting produced a kind of watch-and-wait strategy whereby the G-7 nations, Britain, Canada, France, Germany, Italy, Japan and...

Author: /time Magazine | Title: G-7: Global Markets, Global Warming | 2/10/2008 | See Source »

In a recent experiment one group of people was shown a sad video clip about the death of a boy's mentor, while another group viewed a non-emotional clip about the Great Barrier Reef. Researchers then produced an insulated water bottle and asked how much of the $10 the...

Author: /time Magazine | Title: Depressed? Don't Go to the Mall | 2/8/2008 | See Source »

The Inzerillo mob family of Palermo has long been referred to by a somewhat wistful moniker: gli Scappati, the Runaways. More than 20 years ago, the surviving Inzerillos had been "allowed" to flee their home island by the then Sicilian boss of bosses Toto Riina. The bloodthirsty capo had killed...

Author: /time Magazine | Title: The Case of the Exiled Mobsters | 2/7/2008 | See Source »

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