While this August has seen an unexpected resurgence in deals — huge deals — the banking business still hasn’t made up its mind where the trend is going, The New York Times’s Andrew Ross Sorkin writes in his latest DealBook column. There are plenty of reasons to think that this boom can’t be sustained without [...]
Crime may not pay, but vice does. Turning ethical investing inside out, Jeff Middleswart’s Vice Fund, a mutual fund that invests in companies profiting from activities like smoking, drinking and gambling, is beating the house in a down market. Nothing like addictions to stabilize demand. The Vice Fund’s three biggest holdings are cigarette stocks: Philip [...]
New York Magazine has been doing a good job, lately, of beating parents into the ground. First there was a devastating piece about the abuse of nannies in Brooklyn and Manhattan, about the utter exploitation of babysitters – one to the point of physical abuse – their total import to families, their total powerlessness. That [...]
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