A last minute budget negotiation late Friday pretty much ensures that New York will be the first state to offer 'tuition-free' public higher education to its entitled snowflakes. The $163 billion state budget agreement includes the Excelsior Scholarship, which covers tuition for any New Yorker accepted to one of the state’s community colleges or four-year universities, provided their family earns less than $125,000 a year.
John McCain was on Face the Nation today, getting his neocon on, discussing the next steps that needed to be taken in Syria -- dealing with Assad.
He approved of the President's strikes -- calling it a good 'first step.' But, he wants MOAR -- accusing both Syria and Russia of war crimes, in addition to blaming Assad for the rise of ISIS. You cannot make this stuff up.
I am not a particularly big fan of the idea that markets are efficient. In fact I think people who believe this have never spent any time working in investment management. Everyone in the industry has seen how investment fads wash over the industry from time to time, only to wash out again as returns begin to disappoint.
- Russell Clark, CIO of Horseman Global
In today's excerpt from Eric Peters Weekend Note to clients, the CIO of One River Asset Management focuses on the one topic that is first and foremost on the minds of the active investing community: the unprecedented shift from active to passive management, and what it means for not only the industry, but for markets during the next "normal correction."
A statement issued on Sunday by a joint command centre consisting of forces of Russian, Iran and allied militia alliance supporting Syrian President Bashar al Assad said that Friday's US strike on the Syrian air base crossed “red lines” and it would "respond with force" to any new aggression while increasing their level of support to their ally.