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...code also calls on hedge funds to voluntarily disclose interests in companies held through indirect investments, to bolster strategies to weather big market swings, and to detail procedures followed in putting valuations on illiquid assets such as subprime debt, among other provisions. "We certainly hope that this might reduce somewhat the appetite of governments to regulate," says Large. Meanwhile in the U.S., a government-sponsored industry group, the President's Working Group on Financial Markets, is also preparing a set of voluntary hedge-fund guidelines. "Regulation can be a blunt instrument," says Russell Read, chief investment officer for the California...
...mind but stuff in the sense of what our thoughts are composed of—the raw material of what our stuff is composed of.5. FM: Your recent essay in the New Republic addressed the nature of swearing. Will understanding the nature of taboos make them less taboo? SP: Somewhat. It doesn’t make them go away. I think taboo words activate primitive parts of the brain and just understanding them at a cognitive level keeps that emotional reaction in check and keeps us from accessing it too much, but it doesn’t keep us from...
...program that we see is the Times’ recent decision to make almost all of its content free online. But newspapers in dining halls offer students something that an online newspaper cannot—a physical presence that can promote debate and discussion far more effectively than the somewhat isolating experience of reading the paper on a screen. It also allows students to browse and chance on stories they may have not seen otherwise in a way that the Web precludes. Students already read campus news on a regular basis in the dining hall; they should have similar access...
...SOMEWHAT LIBERTARIAN...
...Duncan Is Really Good For all the whingeing about NBA players' bad behavior and bad fundamentals, it has some terrific teams that play hard and work together. Duncan, Tony Parker and the Spurs aren't fancy but they win; the same goes for the somewhat overrated Mavericks. The run-and-gun Suns should be even better now that Grant Hill is joining Steve Nash, Amare Stoudamare and Shaun Marion. Houston should be vastly improved as well, if Tracy McGrady and Yao Ming can stay upright. None of this is funny, but it's worth keeping in mind when people complain...