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Hedge Funds Cost N.Y. Pension Plan $3.8 Billion, Report Says

The New York state comptroller’s decision to stick with hedge funds despite their poor returns has cost the Common Retirement Fund $3.8 billion in fees and underperformance, according to a critical report by the Department of Financial Services. The state comptroller, who invests $181 billion for two systems covering local employees, police and fire personnel, “has over relied on so-called ‘active’ …

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Nadia Prupis – Humanity Just Ate Through Planet’s Annual Resource Budget Faster Than Ever

Earth Overshoot Day—the day on which people worldwide have officially used up more natural resources like air, food, and water than the planet can regenerate in a year—has come early. The 2016 threshold was hit on Monday, making it the fastest pace yet, according to a new report by the Global Footprint Network, which measures the dubious milestone every year. That’s …

pills

Ben Spencer – The placebo effect IS real – even when patients know the treatment they are getting is fake

The placebo effect is real – even if you know the treatment you’ve been given has no medical value, research has concluded. Scientists found patients given a fake painkiller continued to feel benefits from it after they were told it was not genuine. But there was a catch. In order to feel these effects, the subjects had to be conditioned …

Yellowstone

Yellowstone Earthquakes Reveal a Volcanic System Six Times Bigger Than We Thought

They have determined a deeper and much larger zone of hot rock acting as a feeder to the active reservoir capable of  erupting.  The original event for this volcanic plume was well to the west and produced a huge basaltic lave flow that covered a vast amount of country.  If as and when Yellowstone were to erupt, we can expect …