Friday, 24 October 2014
Last updated 16 min ago
Apr 17 2012 | 12:09pm ET
Altima Partners' Joseph Carvin hopes to make $174,000 next year, and he's ponied up more than $1 million to do so.
Carvin is seeking the Republican nomination to challenge U.S. Rep. Nita Lowey (D-N.Y.) in her suburban New York Congressional district. And, as promised, he's all but financing his campaign on his own, contributing $1,032,000.
Other donors have given Carvin just $75,000 since he threw his hat into this ring last month, after dropping out of the race for the G.O.P.'s nod to challenge Sen. Kirsten Gillibrand (D-N.Y.)
Lowey, already sitting on an $890,000 warchest, raised $270,000 last month and has more than $980,000 in cash on hand, not much less than Carvin's $1.05 million.
Lowey has not faced a serious Republican challenge in a decade. But her new district is somewhat less favorable to Democrats; it includes fewer of the southern Westchester County communities that generally favor Democrats. President Barack Obama carried the new district, which includes all of Rockland County in addition to portions of Westchester, with 57% of the vote, compared to 62% in the old district.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...