The Daily had no personality, no focus. It wasn’t tawdry enough to be a New York Post-style tabloid, and wasn’t serious enough to compete with the New York Times.
Comrades-in-Arms
I asked the Smart Jews what they thought and came away having to admit that they were indeed very smart. You can think about this trial in two ways, they said. One way is narrow: it’s about ascertaining the technical nature of a business relationship. The other way is broad: it’s about righting the pathological ways in which a particular society has organized itself.
France Is Running Out of Time to Restrain Germany
So, the argument goes: from now on, Germany is only looking out for its national interests and it is not interested in Europe any more.
The Next Round of Derivatives Regulation
The trouble is, derivatives rules are weaker or nonexistent elsewhere, making the call for substituted compliance either a tactic to delay enforcement until the rest of the world updates its regulations or, worse, an attempt to avoid tough regulation altogether.
Beware the Smart Money: Hedge Funds Issue Sell Signal
So, what is the moral here? It may be that hedge fund money — the so-called smart money — is not as smart as it’s cracked up to be. This contrarian indicator is not so different from those that track individual investors. Many market pros like to say when individuals become more bullish or confident, it signals a market top.
