For Romney, one of his main arguments for being president is that he was a successful private manager who built a cutting edge finance firm, moved on to turn around an Olympic non-profit, and then served as a successful governor.
In the cutting-edge realms of finance, technology, media, design and creative services, the economic machine can run profitably and efficiently by drawing on an ever smaller elite.
That said, the issue hardly breaks cleanly along business lines, reflecting in part the diverse business environment in California, which has always had a strong research and development sector, powered by venture capitalists ready to finance cutting-edge technology.
Through my work as a co-founder of both the National Colorectal Cancer Research Alliance and Stand Up To Cancer (SU2C), I have supported fundraising efforts that are helping finance the cutting-edge research we need to make progress in the fight against this disease.
By contrast, the House bill adds financing for cutting-edge space technologies, which had been another key component of the Obama space plan but which had been largely eliminated in the Senate bill.
Scotland had three large lenders that were at the cutting edge of finance at the time.
Indeed, the very fact that Einhorn is able to explain in plain English what his fund does is a sign that he isn't at the cutting edge of finance.
REUTERS German Bondsds Present a Puzzle for Hedge Funds | Reuters reports: "Hedge funds are split on how to bet on German bonds, in a sign that even managers supposedly at the cutting edge of finance are struggling to work out how paper offering buyers a negative yield will fare as the euro zone's debt crisis unfolds".
Finance buys things while they are still expensive and cutting-edge, and the rest of us get it later, once the prices come down.
Then in 1986, it was turned into a contemporary art exhibition center, financed by local and national governments, that regularly hosts cutting-edge works.
