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The China Securities Regulatory Commission has ordered domestic fund managers to not publicly badmouth any Chinese stocks, in an effort to maintain stability "for the sake of a harmonious and successful Olympic Games."** This is a great idea and one that SEC chairman Christopher Cox would be wise to emulate, though, not being able to trust Wall Street to listen to him ought to think about the old sock in mouth, duct tape around face method which would be both an effective means of policing and amusing to all. Perhaps even pleasurable to some (you know who you are).
So far the moratorium on negativity hasn't done jack, with the Shanghai Composite Index continuing to fall since the CSRC laid down the law but these things take time. And in other China-getting-psyched-for-the-games news.
China Muzzles Its Money Managers [Portfolio]
**Loophole: it said nothing about privately bashing your company of choice via well-timed IMs along the lines of whatever is Chinese for: "I'd sooner give my daughter a presumably lead-laced Barbie doll than give this company my money."



The NHL Wants To Succeed In China, With Or Without Hockey

The yin and yang between the sport and the league is becoming apparent in the NHL's Asia crusade.

Undergraduate Business Major Has "A Very Simple Ultimatum, Actually" For Fellow Students

Have you ever been in a position where you needed to compel a group of your peers to do something they clearly have no interest in participating in? Where every time you sat down to craft an email, it became a back and forth between "playing it cool" and the desperation that all people reach when charged with the task of rallying people to attend, for instance, an event like the business versus engineering student Olympics? Where the internal monologue (and words that you end up typing on the page) are something like "You better fucking come to this thing...or don't I couldn't care wait I was kidding...COME, YOU FUCKING FUCKS!...I mean, what you want...I hate you...I hate you all so much that it's really no sweat off my sack whether you come or not, asshole shits. WHO CARES? ...but I'd just like to note that if you're not there so help me GOD you'll be sorry, not that it matters to me...". Where by the end of any such gig you've basically lost the patina of cool no matter what, so there's no real use in trying? Then you can related to one undergraduate business major who was pushed to that "end my rope" mode earlier today. From: [redacted] Date: March 22, 2012 12:14:11 PM EDT Subject: A quick note about our next bar crawl and the BBA v Engineering Olympics Hello, As you probably don't know because you stick my impact messages go straight to your trash folder, we are currently engaged in a week long competition against the engineers. However, there has been a very poor turnout from the Senior Class up to this point - especially in the athletic events. I don't understand your apathy nor do I care to but I will say this: THERE WILL NOT BE ANOTHER BAR CRAWL IF WE LOSE THE OLYMPICS. Furthermore, If we were to lose this competition because people just didn't show up I would just assume that there is a serious lack of interest in our events and go ahead and shut down Senior Night as well. For those of you who don't know, Senior Night is where we completely rent out a club and allow each senior a +1. It's something like a boozy college prom. It's a very simple ultimatum actually. If you don't help me destroy the engineers, I will not help you get wasted with your fellow BBA's. It makes no difference to me because honestly i don't even remember the last bar crawl. Eat at Pizza House before 4am and raise some money for a great cause and sign up to play some flag football and ultimate frisbee. There is also an after party at the Blue Lep from 6-8pm on Friday and I promise I'll let you drink out of the trophy cup. [redacted]

Some Lehman Brothers Alums Doing Demonstrably Better Than Others

Joe Gregory has been forced to put his Long Island-chic manse on the market. Dick Fuld's been pounding the pavement for months with nothing to show for it.  Bella is still dead. Not a lot to celebrate and yet some people have managed to do pretty okay for themselves despite having spent time at 745 7th Avenue. Erin Callan, as may have heard, is happily married to firefighter Anthony Montella and living in a $3.9 million house in the Hamptons and Evelyn Stevens, who actually worked at another firm before leaving Wall Street but should know that if you so much as set foot in the lobby of the building, you'll be branded a Lehman Brother or Sister for life, just competed in her first Olympics and no longer counts herself among financial services employees who spend their days fantasizing about a life that doesn't so closely resemble hell. The 5-foot-5 (1.7-meter) Stevens said she’s using savings from banking bonuses to “cushion” the blow of lower earnings. She began her career as an investment-banking analyst at Lehman Brothers Inc., leaving in 2007 before the bank collapsed. “I was able to save a lot of my bonuses,” Stevens said. “I don’t have to survive on a $10,000 or $8,000 purse from cycling. If I hadn’t been in investment banking, I wouldn’t have been able to be at the Olympics.” She was 24th in yesterday’s Olympic women’s road race, finishing among a group including teammate Shelley Olds that was 27 seconds behind gold-medal winner Marianne Voss of the Netherlands. There were 66 riders at the start. While there’s a “big discrepancy” from what she once earned, Stevens said her quality of life has improved. After leaving behind a 90-hour working week in banking, she lives in Girona, Spain during the European racing season and Boulder, Colorado. “In New York there’s pressure, and it’s kind of negative, everyone was stressed,” Stevens, dressed in U.S. team tracksuit and lycra three-quarter length pants at the London Olympic Park, said July 27. “I don’t get so much money now but my quality of living has gone up.” Ex-Lehman Banker Parlays Bonuses Into Cycling Berth At Olympics [Bloomberg]

Pershing Square: Herbalife Silenced Us

Earlier today it was noted that, to the surprise of many, Bill Ackman and Carl Icahn had refrained from asking questions or dialing in and making sudden outbursts during this morning's conference call to discuss Herbalife's fourth quarter earnings.  Obviously this came as a shock on account of Ackman and Icahn taking many opportunities in the past to share their feelings re: the company and each other. And while it's true both men personally held their tongue's today, according to Pershing Square, one of its analysts had planned to ask questions on Bill's and the hedge fund's behalf but was shot down.