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...legislation, giving jurisdictions and managers time to adapt - promises the most significant change. The E.U.'s approach is understandable. If you want to protect European investors, it's no good regulating domestic fund managers if those selling to investors from outside the region aren't obliged to respect similar rules. But while U.S. efforts are underway to bolster the policing of hedge funds - and the meaning of equivalent regulation is still to be defined at the E.U. level - as it stands, "regulatory equivalence between the United States and European countries does not exist," says Andrew Baker, CEO of AIMA...
...your book? It really began with the animal research that I was doing in my lab. The animals I worked with were doing a tremendously good job of finding their way and using landmarks. At some point, my students and I had the idea of trying to do some similar experiments with human beings. Compared to any animal that I've ever studied or read about, I would say that the average urban person kind of wanders around in a semi-lost state. In traditional way-finding cultures like the Inuit in the Arctic or the Australian Aborigines, getting lost...
...Facebook has maintained the pretense, as was noted in a Techcrunch blog post on the new privacy policies, that they want users to publicize more information in order to help differentiate between people with similar names, thereby making it easier to connect with friends...
Chakravarty and his colleagues crunched total carbon emissions and income distribution from each country to estimate the emissions of individuals in each nation. For example, Australia and France have similar income levels - but because Australia uses more carbon-heavy fuels like coal, there are more Australians than French producing high levels of carbon emissions (above 10 metric tons of CO2 a year). The researchers then compiled those numbers to get a global estimate of how carbon emissions are distributed individually; unsurprisingly, about half of the world's emissions in 2008 came from the planet's 700 million richest people...
...With this guidance, we have strengthened our business processes, internal controls and oversight of all financial transactions in order to safeguard the assets of the organization and prevent similar situations from occurring in the future," they wrote...