Monthly Archives: September 2015

Michigan makes a big bet on hedge funds, but is it worth it?

University of Michigan stadium

The University of Michigan has changed the investments strategy used in its long term endowment pool, reallocating approximately $345 million to alternative investment managers. $100 million of that will be put into the hands of hedge fund Alyeska Investment Group.   Michigan currently has an endowment of approximately $10 billion. It is the ninth largest… Read More

American Indian tribes offered $940 million for program funding

Native American leaders stand on a stage

The U.S. Department of Justice announced on Thursday that the Obama administration has agreed to pay a settlement of $940 million to 645 American Indian tribes.           This large settlement covers the cost of previous underpaid federal contracts for tribal programs, such as education, healthcare, and law enforcement. Funding was given for these programs, but… Read More

The British are coming: BBC to launch video streaming service for U.S. viewers

BBC logo

The British Broadcasting Corporation (BBC) will be launching a Netflix-style video streaming service in the United States in 2016. Programs which already air on U.S. channels, like Doctor Who or Top Gear, will not be included.   The decision to launch a video streaming service is driven by a need for increased revenue. The BBC… Read More

New Jersey court upholds Borgata’s weight discrimination policy

A New Jersey appeals court ruled on Thursday that the Borgata casino can legally enforce their personal appearance standards by firing employees that gain or lose more than seven percent of their body weight.      The lawsuit was brought up against the casino in 2013 by 21 Borgata servers that claimed they were working in… Read More

Most bang for your buck: The most affordable cities in the United States

San Antonio skyline

The cost of living has been rapidly increasing in metropolitan areas on both coasts. Inflated housing costs, coupled with the fact that income growth has been essentially flat in the United States since 2008, have made some major cities too expensive for many Americans. The excitement of urban living does not need to come at… Read More

Brazil bans corporate donations for political campaigns

Supreme Court of Brazil

Brazil’s Supreme Court ruled in an 8-3 decision on Thursday that corporate contributions can no longer be given to fund political campaigns or parties.   Before the court’s ruling, corporate contributions made up over 90 percent of the funding during Brazil’s recent presidential elections. The case has spent the last two years in court after it… Read More

Inc. Magazine releases 9th annual ranking of fastest growing private companies

Inc. Magazine’s September issue features their 5,000 and 500 lists, the annual ranking of the fastest-growing private companies in America. The print issue will feature the 500 fastest growing companies in the private sector. Inc.’s website shows the full list of 5,000 companies.   The list ranks companies based on percentage revenue growth. The minimum… Read More