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“A world in which banks don’t lend, young people cannot find jobs, overcapacity is not the cause for prices to fall, is not a world which can long survive.”
"I don't know how people make it on $7.25 an hour. I would like to see an increase of some magnitude. But I'd rather leave it to the states. Let the states decide."
“The decision to put Harriet Tubman [and replace Andrew Jackson] on the new $20 was driven by thousands of responses we received from Americans young and old.”
Rhode Island's state pension fund may soon pull its money out of Luxor Capital Partners. Cliffwater told the Employees' Retirement System of Rhode Island (ERSRI) to pull $35 million out of Luxor as the hedge fund continues to mount losses. Cliffwater’s Thomas Lynch says that Luxor isn’t as good of a stock picker as advertised.
“We’ve been criticized for allowing the holding to grow so large, but our feeling before the crisis erupted was that Valeant was executing well on its business model.”
