As you may have heard, Ken Griffin and his wife are funding a preschool in Chicago called the Griffin Early Childhood Center, as part of “one of the largest field experiments ever conducted in economics.” The Griffin Experiment is being run by a University of Chicago professor named John List, whose goal is to determine “whether investing in teachers or, alternatively, in parents, leads to more gains in kids’ educational performance.” In our capacity as an unofficial Citadel adviser, part of our job is to run due diligence on the hedge fund’s investments, including background checks on the individuals to whom KG is forking over money. In the case of List, we found an interesting claim that seems to raise a red flag. Continue reading »
Disney World
Ken Griffin Invests $10 Million With Guy Who Claims He Can Toilet-Train Children In One Day
By Bess Levin
Some stories, you just have no idea how to improve on. The irony and satire is so implicit in the fact pattern that any commentary seems somewhat strained by comparison. One struggles to unify the themes, only to find them so intricately locked in a matrix that to move them is to detract from the whole. For instance:
A law
Invented at Disney World
Requiring medium and larger firms
To offer paid vacation
To make the economy more efficient
Behold:
Rep. Alan Grayson was standing in the middle of Disney World when it hit him: What Americans really need is a week of paid vacation.
So on Thursday, the Florida Democrat will introduce the Paid Vacation Act — legislation that would be the first to make paid vacation time a requirement under federal law.
The bill would require companies with more than 100 employees to offer a week of paid vacation for both full-time and part-time employees after they’ve put in a year on the job. Three years after the effective date of the law, those same companies would be required to provide two weeks of paid vacation, and companies with 50 or more employees would have to provide one week.
The idea: More vacation will stimulate the economy through fewer sick days, better productivity and happier employees.
This is, of course, why French industry dominates the European continent.
Alan Grayson to introduce Paid Vacation Act [Politico]