America hands over antiquities which were stolen from Italy. The items were about to go on auction in NYC and their recovery could strengthen laws.
READ MORE3 UBS Execs Convicted of Municipal Bond Bid Fraud
Three former Union Bank of Switzerland–UBS–executives were convicted on Friday in the U.S. District Court for the Southern District of New York, as reported by NASDAQ. Peter Ghavami, Gary Heinz and Michael Welty were found guilty of fraud relating to bids to invest the proceeds from municipal bonds and other municipal finance contracts between 2001 and 2006. […]
READ MOREFama, Thaler and the ordinary investor
Today’s WSJ summarizes the debate between Thaler, a leading skeptic of market efficiency, and Fama, the leading defending of the efficient capital markets hypothesis. As the article notes, the debate could have implications for privatizing social security. It quotes Thaler as saying, “[i]f you give people 456 mutual funds to choose from, they’re not going […]
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