06-22-2016, 10:38 PM
But, according to Zamma, that is not a problem encountered by chimps, who enjoy blissful, and largely motionless, sleep even with their feet sticking out. “Just saying it is comfortable is not enough,” said Zamma, who decided to nap in a chimp’s bed in Tanzania’s Mahale mountain range during a research trip in 1999. “It removed all of the tension from my muscles in a way that ordinary beds don’t – that’s the effect of lying on something that takes into account the natural shape of the body, and it’s why chimpanzees sleep as well as they do.”
Chimpanzees hold secret to ultimate comfy bed, says expert | World news | The Guardian
The low volatility exchange-traded fund (ETF) craze has little to do with investors seeking less volatility. Instead, the billions of dollars flowing into ETFs that track stocks texhibiting the least amount of volatility, is a classic case of performance chasing. Like little kids playing soccer, many investors follow the outperformance ball, so to speak, wherever it goes. It happens with stocks, bonds, active mutual funds, hedge funds, and increasingly with ETFs. Right now, the soccer ball is in the low-volatility part of the field, where nearly all low-vol ETFs are outperforming their respective markets — be it large-caps, small-caps or international equities.
Performance Is Trumping Safety in the Low-Volatility ETF Craze - Bloomberg
"If you are Hilton, if you are Starwood, if you are Hyatt, you didn’t see Airbnb coming because Airbnb had none of the characteristics of a traditional competitor," Mohamed El-Erian, Allianz's chief economic advisor, said to journalists Monday. "What's amazing about Airbnb is that the disrupters never built a hotel," he said. "What they knew was three simple things." Uber is another prime example. Suddenly, from seemingly nowhere, entrenched taxi companies across the nation have a huge competitor they weren't prepared for. This has led to legal battles for Uber as the incumbents fight back. But it's not just Airbnb and Uber that used these three factors. Nearly every disruptive startup we're familiar with today used them, according to El-Erian.
EL-ERIAN: Airbnb and Uber used 3 factors to disrupt huge industries - Business Insider
The tax man cometh for some of the richest money managers in the U.S. They’ve had eight years to dream up a dodge. So far, no luck. The deadline they face is Dec. 31, 2017. That’s when a loophole closes, and hedge-fund managers will have to pay taxes on performance fees parked offshore. Some have brought the money home, taking the hit, but others have waited to benefit from the magic of tax-deferred compounding. And in the hope that clever advisers would come up with a workaround for a total that some estimates put at $100 billion -- at least.
Hedge Funds Still Can't Figure Out a Way to Avoid a $25 Billion Tax Bill - Bloomberg
Even if the referendum were to pass, the effects would likely be limited…First, the referendum is advisory, not legally binding. As such, any withdrawal would have to go through Parliament to actually happen. Reportedly, a large majority (around 75 percent) of members of the British legislature favor remaining in the EU, which raises the bar considerably. A bare majority for Leave might have a difficult time forcing the exit through Parliament. It would take a considerably larger margin than seems likely to make that happen. If it did go to Parliament, a break in the Conservative Party also becomes more likely, possibly leading to a general election fought around the idea of an exit. For example, if Labor campaigned on a Remain position and won, the party could certainly argue that the general election supersedes the referendum results. The notion that a Leave vote would mean an immediate exit ignores the realities of British politics.