Limited partnerships are required to amend their filings whenever important changes, such as the admission of new partners, take place.

Perfect partners don't exist. Perfect conditions exist for a limited time in which partnerships express themselves best.

By late 1953, going to New York on vacation, I had lined up several Time Inc. interviews - and what they did was give me a lifelong appreciation of the importance of luck in getting a job.

There is a certain oddity to Larry Fink having problems in Washington. He is a strong Democrat who has close ties to President Obama and has often been rumored as set to take a big administration job, such as Secretary of the Treasury.

The 1969 experience has been a rude awakening for many hedge-fund investors and has left some of them with strong reservations about the whole concept. For the first time in their relatively short history, the funds are not growing: in fact, some have suffered large withdrawals of capital, and a few have actually folded.

Wage concessions are difficult to quantify, since their magnitude depends on many operating variables.