Word: classing
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...Hedge funds as a class are still doing better than broad market indexes - or, rather, they have been performing less badly. The average hedge fund is down about 20% in 2008, according to Hedge Fund Research's HFRX global index. By contrast, the Dow has dropped 40% this year; MSCI's index of developed and emerging stock markets has plunged nearly 50%. But some large, established funds have taken big hits. In mid-October, the $17 billion Chicago-based firm Citadel Investment told investors that its flagship fund had dropped nearly 30% this year. According to Singapore-based Eurekahedge, which...
...engineered, jockeyed and ultimately stolen. The second, in 2004, was actually won by Bush. To cite the phrase that he himself found so difficult to utter: Fooled us once, shame on them. But the second time around, shame on us. W. should be required viewing in every political-science class in the country. Linda Calcagno Melchione, Easton, Mass...
...work as mentors, checking in with students by phone every couple of weeks to ensure they are making progress in their courses and to recommend additional resources. "I get to know each of my students much better than I did when I lectured to them once a week in class," says Alisa Izumi, a business professor at WGU who lives in Granby, Mass., and used to teach at the University of Massachusetts at Amherst...
...Navy officials have said the San Antonio has so many problems because it is the first ship in its class, a claim Polmar dismisses. "We've been building these kinds of ships since 1943," he says. "It has no big missiles, no advanced radar and no nuclear propulsion." The Government Accountability Office (GAO) said last year that the San Antonio's woes began because the Navy relied on "immature" computer blueprints that infected its entire construction. That led to delays that cost up to five times what it would have if the work had been done in proper sequence...
...Navy inspectors also recently criticized the U.S.S. New Orleans, the second vessel in the San Antonio's class. It "cannot support embarked troops, cargo or landing craft" - its primary mission - according to a report obtained by the independent Navy Times. Navy officials say the third and fourth vessels are performing much better. The rush to produce the fleet might make military sense if they were needed, but the last time Marines stormed ashore - the key reason the taxpayers are spending $14 billion on the San Antonio and at least eight more ships just like it - was nearly 60 years...