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...investors, who are losing faith in hedge funds as a safe place to park their wealth during times of economic turmoil. Funds flourished earlier this decade by offering higher returns than investors could get in more conventional vehicles. Because they are largely unregulated, managers are free to employ a wide variety of sophisticated strategies, including short-selling (borrowing a stock and selling it in the hope of buying it later at a lower price to return to the original lender). The objective is to achieve - for hefty fees - consistent positive returns in good and bad markets, and at reduced risk...
...guttering torch is being passed in the GOP, and the battle is on to see who will seize it: Mitt Romney, 2008's also-ran? Minnesota governor Tim Pawlenty? Bobby Jindal of Louisiana, whom some look to as a Republican Obama? The party's spectacular collapse has spawned a wide-open struggle for the throne, and the long knives are already out. How's Palin with a knife? Ask the moose...
Allston residents provided detailed feedback regarding the city’s development designs for the neighborhood at a community-wide planning meeting last night...
...Republican nominee underperformed in Florida not because his message was off but because Crist didn't support him enough. But the evidence doesn't point to that. After all, Crist refused to campaign for an anti-gay-marriage amendment to Florida's constitution, yet it passed by a wide margin last week. So was it really Crist's lack of enthusiasm for the McCain campaign that sank the Arizona Senator in Florida - or was it the fact that the peninsula's conservative Republican base spent so much time, money and effort on one of its pet issues that it ended...
...Although Thaksin is legally barred from re-entering Thai politics and faces jail time should he return home, he still enjoys wide support among many Thais, particularly those from the impoverished northeast. It was their votes in last December's elections that brought to power the People?s Power Party, a reconstituted version of Thaksin's banned party. Thailand's current Prime Minister Somchai Wongsawat is Thaksin's brother-in-law and is considered by government critics as little more than a puppet. Indeed, the opposition alliance that has occupied Thailand's seat of power, Government House, for more than...