Newmark's Door

This probably doesn't end well.

In the investment world, financial planners advise older individuals to steer their retirement accounts toward more conservative, fixed-income investments, such as bonds. The idea is to reduce the risk that an investment could turn south just when it’s time to start withdrawing funds.

But most pension plans have been doing the exact opposite. In search of high returns, they have been turning to alternative investments. The focus has mainly been on hedge funds and private equities.

Christine M. Flowers has got some guts.

I CAN PINPOINT the precise moment when I realized that Hillary Clinton was as toxic as one of those old Superfund waste sites and needed to be eliminated from the political landscape so she'd stop leaching poison into the groundwater . . . 

But Hillary is an angry woman, scarred by past criticism and with a taste for vengeance that makes Michael Corleone look like Pope Francis.

Two more on Ms. Hillary:

"Hillary’s Breathtaking Mendacity".

"Benghazi: What matters is the ‘why,’ not the ‘what.’"

Not necessarily a lot new here, but given the source it's quite impressive.

Link courtesy of Michael Greenspan.

Quite interesting.

Does scientific research drive innovation? Not very often, argues Matt Ridley: Technological evolution has a momentum of its own, and it has little to do with the abstractions of the lab.

It's almost as if Californians . . . can't win.

(But here's some potentially good news: "CalPERS may be reforming".)

"$68-billion California bullet train project likely to overshoot budget and deadline targets".

Made me laugh.

U.S. coaches may think they have it tough, but "the average manager in England lasts 1.23 years on the job". (In the EPL, it's 0.83 years.)

Yes indeed.

Mrs. O'Leary's cow could well have gotten a bum rap.