Profitshop

The black-white achievement gap. Everyone knows about it; no one seems to know what to do about it. The gap closed a bit in the late 1970s and early 1980s, but then progress stalled. Some have called it “the greatest civil rights issue of our time,” but there’s no agreement about the cure. Enter economist Roland Fryer. Fryer came from about the most disadvantaged background imaginable, with a mother who left his family and an abusive father who was sent to prison. Fryer has described himself as a “full-fledged gangster” in his teenage years (though his criminal activities, selling marijuana and counterfeit purses, wouldn’t be out of place among any number of college kids). But Fryer excelled at high school sports, and went to college on an athletic scholarship. It was there, at the University of Texas at Arlington, that he discovered his true passion was not athletic, but academic. Thus began a meteoric rise that saw Fryer earn a Ph.D. in economics, and go on to collaborate with so

Profitshop: Singapore Family Cuts Dollar Bets Citing Volatile ... : Woodside Holdings Investment Management, a Singapore-based family office, trimmed bets the U.S. dollar will strengthen amid uncertainty as t...

Woodside Holdings Investment Management, a Singapore-based family office, trimmed bets the U.S. dollar will strengthen amid uncertainty as to when the Federal Reserve will start raising interest rates. Woodside cut the percentage of its liquid assets denominated in the greenback to about 75 percent from 80 percent this year, said David Fergusson, who is chief investment officer at the company that was set up by his grandfather in 1959. Traders have set back bets for when U.S. policy makers will raise borrowing costs as officials such as Atlanta Fed President Dennis Lockhart and Fed Bank of Boston President Eric Rosengren said this month policy should stay accommodative. The Swiss National Bank unexpectedly scrapped its currency ceiling in January, while policy makers in Singapore and Japan also surprised the market by boosting stimulus in the past six months The dollar has weakened against all except one of its 16 major counterparts this month and strategists have trimmed forecasts on

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