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Cliff Asness: Illiquidity May Not Be a Private Equity ‘Bug’ The AQR co-founder has a “counter-intuitive” take on why investors like private equity. Alicia McElhaney December 20, 2019 Cliff Asness (Chris Goodney/Bloomberg) Investors may be paying for private equity’s illiquidity instead of...

At some colleges, ‘senior year’ has new meaning Nontraditional students in their 60s and olderare enrollingin college classes. Obviously, they need a place to live... … and your crappy old dorm won’t do At Arizona State University, Mirabella is an ultra-luxe 252-unit high-rise developed in...

Banks Get Tough on Shale Loans as Fracking Forecasts Flop Oil and gas companies face tightened credit after wells produce less than projected Chevron has said it plans to take a charge of $10 billion to $11 billion, roughly half of it tied to shale gas assets. Photo: Daniel Acker/Bloomberg...

“I got my start by giving myself a start.” - Madam C. J. Walker

https://finance.yahoo.com/news/boeing-ceo-dennis-muilenburg-is-out-140919300.html

Burning Man sues feds over failure to address contested BLM costs https://www.rgj.com/story/life/arts/burning-man/2019/12/18/burning-man-2020-lawsuit-bureau-of-land-management/2678285001/

Either that or the salesman/ finance manager kinked the credit application; this had happened a lot on home loans pre credit crisis ( perhaps still )...

https://nypost.com/2019/12/20/boeing-starliner-misses-target-orbit-wont-reach-space-station/?utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons

BUSINESS High-earning bankers have little holiday cheer as low bonuses, layoffs foreseen By John Aidan Byrne December 21, 2019 | 9:58pm Enlarge Image "We've been getting a lot of phone calls and messages, too, from people in financial services who are worried about their jobs," said...

Can the American casket monopoly be disrupted? Today, two companies control 82% of all casket sales in the United States. But can a new crop of more affordable and sustainable options shake things up? Issue #85 MICHAEL WATERS AsBen Franklinonce quipped, death is one of the only certainties in...

https://fortune.com/2019/12/19/facebook-libra-success/

The Salesforce founder has donated a fortune to right capitalism's wrongs, and he thinks his fellow billionaires should too. Why can't we be just grateful? "A millionaire enjoys a profoundly lucky economic condition. A billionaire is an existential state."...

https://www.chicagobusiness.com/finance-banking/chicago-trying-sell-12-billion-bonds-who-wants-them

You Call This a Pied-à-Terre? Jim Borden business, humor, lessons learned December 20, 2019 1 Minute Pied-à-Terre: a small apartment, house, or room kept for occasional use; from the French, literally, “foot to earth”. In New York City real estate, a pied-à-terre is an apartment to be used...

“You only grow by coming to the end of something and by beginning something else.” - John Irving

Markets An $809 Car Payment, a $660 Income: How Dealers Make the Math Work Some dealerships are dressing up borrowers’ car-loan applications with fake, inflated incomes Baxter Hansen is suing the dealership that sold her a new Kia Sportage two years ago. Travis Dove for The Wall Street...

World's first 'uncrackable' code: Scientists develop security system that can never be hacked - even by quantum computers Team at University of St Andrews along with partners created 'uncrackable' code Uses optical chips that send information user to user using one-time-only key The technology...

Tesla’s Soaring Stock Is Crushing Short Sellers. It Still Hasn’t Caught Up With the S&P 500. By Al Root Dec. 20, 2019 1:30 pm ET Order Reprints Print Article Text size Courtesy of Tesla TheTeslarally is turning into a rout—forshort sellers. Bearish investors are losing billions on bearish...

50 Ways to Leave Your Hedge Fund (Bloomberg) Quitting is never easy — especially for the alpha types who make up the $3 trillion hedge fund industry. Yet some of the best-known founders have thrown in the towel this year after fortune-making decades in the business.These traders all had their...

Billionaire Hedge Fund Manager Wins Charlotte MLS Franchise for $325M Expansion Fee (GeekyMint.com) Earlier in the week, a leading sports hedge fund manager also known for his billionaire status, David Tepper was formally rewarded with the 30th franchise of Major League Soccer. MLS believes that...