A little while back, in the august pages of Foreign Affairs, Washington Post columnist Sebastian Mallaby offered a rousing defense of hedge funds. It began: Imagine two successful companies. Both are staffed by very smart people; both are innovative; both have an impact far beyond their industry, improving the productivity of the capitalist system as [...]
Due to a combination of being sick most of last week and supposedly being busy with an important “project,” I don’t have a column in this week’s Time. I did have a last-minute opportunity to write something about the XM-Sirius merger, but decided I didn’t have much of anything more to say than what I [...]
When I saw the front page of today’s Washington Post, with its big story on Bill Clinton’s speaking-fee riches, it made me think of a sneaking suspicion I harbored while writing my working-for-free column last week. The Post article says Clinton has gotten almost $40 million in speaking fees over the last six years: His [...]
