“For the past five or six years, it seemed anybody could go to their computer and print up a business card and say they were in the hedge fund business, and raise a pot of money,” said Richard H. Moore, the treasurer of North Carolina, which invests workers’ pension money in hedge funds. “That’s going to be gone forever.” Crap. For the longest time we thought you needed to know, like, math. All we needed was paper. Why do we ALWAYS find out stuff like this when it's too late? [NYT]
Most Viewed Stories
Exclusive: MH370 Pilot Flew a Suicide Route on His Home Simulator Closely Matching Final Flight
Ivanka’s RNC Dress Was From Her Own Line — But It Wasn’t Made in the U.S.
Why Italians, Maori, and Children of Divorce Have the Least Childhood Amnesia
When Did the Media Turn Against Taylor Swift?
Ivanka Is Right About Promoting Gender Equality — and Her Father Will Do the Exact Opposite
3 Ballerinas Tell the Truth About Dance Wellness
The Clinton-Kaine Ticket Is Safe and Boring — in a Good Way
Behind the Batman: The Killing Joke Movie’s Approach to Batgirl, Sex, and Sexual Violence
Sophie Turner Made the Game of Thrones Team Take Vodka Shots Before Their Comic-Con Panel, Because She Rules
Comic-Con: Joss Whedon on the Problem With Modern Movies and How to Solve It
Latest News from Daily IntelligencerThe Clinton-Kaine Ticket Is Safe and Boring — in a Good Way
Kaine is getting grief from left, but objectively some of it is undeserved. All of it, if you look at the alternative.At Least 9 Dead in Shooting ‘Rampage’ in Munich, Germany
Police gave the "all clear" early Saturday morning.Hillary Clinton Picks Virginia Senator Tim Kaine As Her Running Mate
Yes we Kaine.Hillary Clinton Withholds Veep Pick, Notes Trump Talks a Lot Like Dictator
Contrary to expectations, Clinton did not reveal her running mate in Florida on Friday, opting to rebut Donald Trump's RNC speech instead.The ‘Big’ Ratings Trump Bragged About for His RNC Speech Were Actually Not That Big
Not much higher than what Mitt Romney drew.First Baby Born in NYC With Zika Birth Defects
Department of Health officials confirm.Exclusive: MH370 Pilot Flew a Suicide Route on His Home Simulator Closely Matching Final Flight
The FBI recovered the data from a hard drive, but Malaysian authorities have not made the finding public.After Resigning From Fox News, Ailes Is Reportedly Barred From the Building, But He Gets a $40 Million Consolation Prize
Rupert Murdoch will be running the shop for a while.5 Things for Frightened Liberals to Tell Themselves About Trump’s RNC Speech
We won't know for several days whether Trump's dystopian hate speech resonated with swing voters. Until then, here are some comforting things for liberals to tell themselves.The Only Defense America Has Against Donald Trump Is His Opponent
Hillary Clinton needs to vanquish him. But it's going to be close.
Cleveland's finale.Trump’s Strongman Politics
The only solution he offers to the exaggerated problem of crime and disorder is himself.Donald Trump Jr. and the Future of Conservative Populism
The son will be the standard-bearer for his father, with some tweaks.Trump Brought Little Chaos to Cleveland – Outside the Convention Hall, Anyway
Authorities were anticipating mass violence and unrest. They got the most peaceful convention in recent memory.Fresh Intelligence: Today Is the Best Day Ever for Trump, But an Especially Terrible Day for Clinton
Our roundup of the stories, ideas, and memes you’ll be talking about today.Vicente Fox: Withdrawing From NAFTA Will Hurt the U.S., Not Mexico
Nonetheless, the former Mexican president pleaded with American voters to reject “false prophet” Donald Trump.Peter Thiel Is Pro-Trump, Mainly Because He’s Pro-Trolling
His speech at the RNC didn’t make any sense, and that may be the point.The Christian Right Has Surrendered to Trump
So recently an electoral and ideological fountainhead for the GOP, Evangelicals have given themselves over to a Philistine.Donald Trump Is Bidding to Transform the GOP Into a White-Identity-Politics Party
The meaning of one of the most significant acceptance speeches in history.Turkey Suspends European Human-Rights Convention As Parliament Approves State of Emergency
The government claims fundamental freedoms will remain in place as it continues to purge state institutions of suspected dissidents.