The President’s sharp words against those investment companies—he called them ‘speculators’—who refused his 30-cents on the dollar ROI deal to keep Chrysler out of bankruptcy court, have been aired far and wide. Now, you should get the other side of the argument. In an open letter to the nation, Clifford S. Asness, the Managing and Founding Principal at AQR Capital Management, LLC, answers the President. His letter, obtained from Zero Hedge, is reproduced here in its entirety.
Unafraid In GreenwichConnecticut Clifford S. Asness Managing and Founding Principal AQR Capital Management, LLC The President has just harshly castigated hedge fund managers for being unwilling to take his administration’s bid for their Chrysler bonds. He called them “speculators” who were “refusing to sacrifice like everyone else” and who... [Read Full Article]
In a recent paper released by the Small Business Administration (SBA) Office of Advocacy, entitled “Looking Ahead: Opportunities and Challenges for Entrepreneurship and Small Business Owners,” author Chad Moutray identified five opportunities coming in the next decade that small business owners can look forward to.
Investment in Technology and Innovation Increasing With strong ties between innovation and business creation, government is recognizing the fact that entrepreneurs with seemingly risky ventures can have a positive impact on local economies. "Economic Gardening" Becoming More Prominent The practice of "economic gardening"(spending money on promoting existing, local business instead of trying to woo large corporations to town) is being seen as a better long term solution to local job creation.International Markets-The Final Frontier Within our current economic situation, the e... [Read Full Article]