Not facebook. This ceo coming on exclusively, or even amazon. But sac capital, the embattled hedge fund founded by billionaire steven cohen facing no criminal charges of systematic insider trading. Allegedly generating hundreds of millions of dollars of illegal profit and to avoid losses and this allegedly over more than a decade. Widespread, systematic. You name it, they say they did it. We just got word from sac that it plans to operate as it works through these matters. Theyre still in business. They say that it never encouraged promoted or tolerated insidertrading. What were going to do is take a look at what might happen, why this matters to an individual investor is not have money with them as well as the billions of dollars in assets, with a might now flow. The impact on the entire Hedge Fund Industry and the trading industry because they own huge positions in a lot of stocks. Are very un Charlie Gasparino has been breaking news on this story well in advance of everyone else. Mo
Meeting today of the cardinals before they head into the conclave and start the actual voting process. This process has been described in many different ways, an interesting one tweeted a while ago by greg burke, the vatican spokesman, who said life is like baseball, tomorrow is opening day in vatican city. To continue that metaphor, the question on all our minds is how many innings will this all take. Over the weekend, the pipe, the chimney pipe that will offer the smoke to give us our indication of the voting was affixed atop the Sistine Chapel. We can show you a picture of the papal balcony where the scarlet drapes have been hung, where as soon as tomorrow a new pope could greet this city and greet the world. This morning, cardinals are reflecting over the task at hand after a weekend spent celebrating mass at their assigned parishes all across rome. Tomorrow, it all begins with a special mass together, the 115 voting cardinals gathered here at the vatican will then file into the Si
A classic pattern in technology economics, identified by Joel Spolsky, is layers of the stack attempting to become monopolies while turning other layers into perfectly-competitive markets which are commoditized, in order to harvest most of the consumer surplus; discussion and examples.
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