Washington Post (May 12)
Hedge fund billionaire Raj Rajaratnam, who headed Galleon Management, was convicted of fraud and conspiracy in connection with insider-trading. “The verdict is a historic achievement for the Justice Department.” The government was able “to show the jury a dark side of the hedge-fund business that was long suspected.” Evidence included recorded wire taps of Rajaratnam receiving and forwarding tips. Alleged tipsters in this high profile trial included Rajat Gupta, the ex-head of consulting firm McKinsey & Co and a former Goldman Sachs board member.
Hedge fund billionaire Raj Rajaratnam, who headed Galleon Management, was convicted of fraud and conspiracy in connection with insider-trading. “The verdict is a historic achievement for the Justice Department.” The government was able “to show the jury a dark side of the hedge-fund business that was long suspected.” Evidence included recorded wire taps of Rajaratnam receiving and forwarding tips. Alleged tipsters in this high profile trial included Rajat Gupta, the ex-head of consulting firm McKinsey & Co and a former Goldman Sachs board member.
Boston Globe (May 10)
The U.S. is shrinking. “Just since 2000, the estimated area of the 50 states has declined by about 5,500 square miles, more than the size of Connecticut.” Since 1940, the U.S. has generally been shrinking. Coastal erosion, hurricanes, rising sea levels and improved mapping are to blame. Perhaps this bad news is good news for U.S. property owners. Could the decrease in supply help raise property values?The U.S. is shrinking. “Just since 2000, the estimated area of the 50 states has declined by about 5,500 square miles, more than the size of Connecticut.” Since 1940, the U.S. has generally been shrinking. Coastal erosion, hurricanes, rising sea levels and improved mapping are to blame. Perhaps this bad news is good news for U.S. property owners. Could the decrease in supply help raise property values?
Tags: Erosion, Hurricanes, Rising sea levels, U.S.
