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Hedge funds are designed to take in more and more investors' money. Then inefficiencies and performance distortions of withdrawing money for investors and profit-taking for managers are smoothed out. The recent failures in hedge funds, while rooted in the financial meltdown, have been further fueled by the lack of...

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

On Monday, Jobs released a statement debunking the fears about his health. "I have been losing weight throughout 2008. The reason has been a mystery to me and my doctors," he said in the statement. "After further testing, my doctors think they have found the cause - a hormone imbalance that...

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

Further dinging Detroit's pride, Toyota managed to end the century-long reign of Ford and Chevrolet as the best-selling car and truck brands in the U.S. Toyota finished the year with U.S. sales of 1,957,575 vehicles, while General Motors' Chevrolet brand sold 1,801,131. Even...

Author: /time Magazine | Title: The Carmakers' Bleak Year-End Numbers | 1/5/2009 | See Source »

Despite the occasional cases of nut over-precaution, Wood thinks the public generally approaches the allergy risk with common sense. "There are definitely situations where we see a fear of the allergy that develops far out of proportion to the true risk, but for the vast majority of schools, things...

Author: /time Magazine | Title: Have Americans Gone Nuts Over Nut Allergies? | 1/4/2009 | See Source »

Various labor and healthcare groups have rallied to the Cambridge Health Alliance’s side in recent weeks, forming a coalition called “Put Patients First” to urge Mass. Gov. Deval L. Patrick ’78 to steer clear of further cuts to Medicaid...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: CHA Budget Comes Under City Scrutiny | 1/4/2009 | See Source »

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