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Private Equity: "Nothing More than a Clumsy Trick"?

Submitted by Dmitri Davydov on Tue, 2008-04-01 12:03.
It's remarkable how otherwise sophisticated individuals want to believe in magic bullets. If they get a horrific illness, surely there must be a treatment somewhere that will restore them to health. Similarly, some investors know how to tease superior returns on a consistent basis out of highly efficient markets.

Students Plagarize Honor Code

Submitted by Dmitri Davydov on Mon, 2008-03-31 10:51.
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SAN ANTONIO - Their goal was an honor code that discouraged cheating and plagiarizing.

However, the wording in a draft by students at the University of Texas at San Antonio appears to match another school's code - without proper attribution.

The student currently in charge of the honor code project said it was an oversight, but cheating experts say it illustrates a sloppiness among Internet-era students who don't know how to cite sources properly and think of their computers as cut-and-paste machines.

Is Poverty Caused by Irrational Behavior?

Submitted by Dmitri Davydov on Sun, 2008-03-30 18:33.

Site of the day - PickyDomains.com, world's first risk free naming agency

In the community of people dedicated to analyzing poverty, one of the sharpest debates is over why some poor people act in ways that ensure their continued indigence. Compared with the middle class or the wealthy, the poor are disproportionately likely to drop out of school, to have children while in their teens, to abuse drugs, to commit crimes, to not save when extra money comes their way, to not work.

The Profits Of Foreclosures

Submitted by Dmitri Davydov on Sun, 2008-03-30 13:00.

NOBODY wins when a home enters foreclosure — neither the borrower, who is evicted, nor the lender, who takes a loss when the home is resold. That’s the conventional wisdom, anyway.

The reality is very different. Behind the scenes in these dramas, a small army of law firms and default servicing companies, who represent mortgage lenders, have been raking in mounting profits. These little-known firms assess legal fees and a host of other charges, calculate what the borrowers owe and draw up the documents required to remove them from their homes.

Winner of Oddest Book Title award goes to self-help book

Submitted by Dmitri Davydov on Sat, 2008-03-29 10:47.

LONDON - Good advice? Maybe. Oddest book title of 2007 - that's official.

Capitalism That Wasn't

Submitted by Dmitri Davydov on Fri, 2008-03-28 19:38.
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A good flim flam needs a good mountebank and a good mark. Two weeks ago, we pointed out that Wall Street was full of bright cads and dull sharks. Then, last week, we showed that conceited humbuggers run the central banks. Today, it is the politicians we come, not to bury, but to praise. They did their work well; they set up the marks.

Millionaire goes back to McDonald's job

Submitted by Dmitri Davydov on Thu, 2008-03-27 19:27.

A lottery winner has gone back to his old job serving burgers at McDonald's.

Pastor admits stealing IDs from flock

Submitted by Dmitri Davydov on Wed, 2008-03-26 19:12.
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The former pastor of a Northumberland County church acknowledges using parishioners' personal information to obtain credit cards.

The Rev. Raymond Clayton pleaded guilty Monday in federal court in Williamsport to a charge of access device fraud. He awaits sentencing in June. The 43-year-old Clayton is the former pastor of Grace Fellowship Church near Mount Carmel.

Restaurant gives 25 percent discount for bugs found in food

Submitted by Dmitri Davydov on Tue, 2008-03-25 19:21.

DUBAI (Reuters) - A group celebrating a birthday at a Dubai diner were cheered by a 25 percent discount but not necessarily the reason: "Bug on food."

The restaurant cut the bill for seven customers at a birthday dinner after they found four insects crawling around their meals, the Gulf News reported on Tuesday.

"We were surprised when the receipt said 'bug on food' as a reason for the discount. I think they were trying to be funny," it quoted one of the disgruntled customers as saying.

Lawsuit Settled Over Stolen Virtual Sex Toys In 'Second Life'

Submitted by Dmitri Davydov on Mon, 2008-03-24 19:59.
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A legal dispute over the theft of virtual sex toys has resulted in a real-life slap on the wrist. A federal judge accepted the settlement Thursday of a lawsuit filed last year against a Texas man accused of stealing sex toys developed for the online world, "Second Life."

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