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...order to deal with nervous investors and the unpredictable markets, many hedge funds have recently gotten a lot more conservative. David Kostin, an analyst at Goldman Sachs, estimates that hedge funds have moved as much as $400 billion of their assets into cash. Cohen's SAC Capital, which is down 9% this year, has reportedly put half its fund, or $7 billion, in cash. The move to cash makes sense, says Gradante, for the current market. But it may hurt funds over the long haul. "If stocks rebound rapidly, like they did on Monday," says Gradante, "these funds will continue...

Author: /time Magazine | Title: Hedge Funds: How the Smart Money Looked Dumb | 10/15/2008 | See Source »

Opposite page: Hermès Sac à dépêches 38 briefcase, $5,400 hermes.com

Author: /time Magazine | Title: Where the Wild Things Are | 10/6/2008 | See Source »

Addressing the UC’s prolonged period of inactivity, however, will not in itself ensure effective student representation on campus. Too often, UC members seem hesitant to address controversial issues facing their constituents. Specifically, the Student Affairs Committee (SAC), created to advocate for student interests, remained largely inactive last year, and in so doing, lost many opportunities to bring campus-wide concerns to the attention of the administration. For instance, when party grants were discontinued last March, students screamed their disapproval over open lists and in dorm rooms, from Mather to the Quad. However, SAC’s response...

Author: By The Crimson Staff | Title: Time Waits for No Council | 10/6/2008 | See Source »

...difference in weight loss between the two groups? Campos notes that although the procedure is the same from patient to patient, doctors currently do not use a standard size when creating the new stomach sac. Instead, surgeons use anatomical landmarks unique to each patient to determine the size of his or her new, smaller stomach. But because the stomach lining remains elastic and flexible, sometimes the small stapled-off pouches simply balloon back to a larger size, which explains why 5% to 15% of people who get gastric bypass surgery often experience little or no weight loss...

Author: /time Magazine | Title: Gastric Bypass Surgery Less Helpful for Diabetics | 9/16/2008 | See Source »

...spike? In retirement communities and suburban culs-de-sac, battery-powered carts are a cheap, energy-efficient way to move around the neighborhood. And in the street, drivers are more likely to thump against the pavement or, worse, collide with a car; more than half the incidents tallied in these studies took place off the golf course. Also, carts are getting faster--some go 25 m.p.h. (40 km/h)--but still often lack basic protections like seat belts or side rails...

Author: /time Magazine | Title: Golf's Crash Course | 6/19/2008 | See Source »

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