In defending fund-raising practices in 1996, Democratic leaders did some semantic gyrations to explain their techniques.
That's the charge being made by local newspapers that have gotten suspicious letters from old folks defending funding for Medicare Advantage.
Because this is what we have become: Former NASA administrator Dan Goldin, while defending funding for the space agency, was famously asked, "Why are we building meteorological satellites when we have the Weather Channel?" That silliness is no more ridiculous than believing a boy went to heaven and back.
Last year only 32 of the 275 Italian companies listed on the Milan stock exchange were not controlled by a majority shareholder or by a small group acting together, putting minority shareholders in a weak position.For all his association's stirring words, Fabio Galli of Assogestioni defends fund managers' hands-off approach.
"I think there is an understanding that you cannot just defend funding things for historical reasons or because it is politically convenient".
Program staff--the officers who handle the review process--are then "held hostage" and forced to defend funding decisions based upon these "small and likely meaningless mathematical differences".
Officials at the fund have disputed their characterizations, and a group of several hundred female employees signed a public letter defending the fund as a workplace.
In defending the fund, SAC cites its strong culture of compliance and says it is "outraged" and "deeply disturbed" by the conduct of former employees.
He is out of touch, defending hedge fund managers and calling his £250,000-a-year second salary from the Telegraph "chicken feed".
Investors may merely have a good chuckle at Ackman's student psyop, if he delivers alpha (excess return over the market, adjusted for risk) and stays away from past hard-to-defend fund strategies.1.1
In the same speech, Mr. Obama defending federal funding for job training and criticized Republican fiscal policies.
