Hedge Funds Will Be Ruined by Withdrawal Limits: Matthew Lynn Looking for a new definition of a hedge fund? How about an organization that takes 20 percent of the profits on your money in the good times, then refuses to let you have it back when the weather turns rough?

Britain to Go Broke, Stocks to Rebound in 2009: Matthew Lynn Lehman Brothers Holdings Inc. went bust. The U.K. government nationalized half its banking system. Iceland’s economy blew up.

Nobody Is More Hopeless With Money Than the Rich: Matthew Lynn There should be certain things you can take for granted about wealthy people. They like big yachts. They play golf. And they are usually smart with their finances.

Five Opportunities to Help Beat World Recession: Matthew Lynn There is no longer any dispute that the world is going into a recession. The only question is how long and how deep: 1970s-style or 1930s? But just because business is bad doesn’t mean it stops completely. Just as plants renew themselves in a frosty winter, so the economy often does the same during a prolonged contraction.

Happy-Hour Ban Won't Curb U.K.'s Binge Drinking: Matthew Lynn There are plenty of things the government could be trying to pull the country out of the economic doldrums. Banning ``happy hours'' isn't one of them.

Pirates Give World Markets a Lesson in Economics: Matthew Lynn The hijackings of a Saudi Arabian oil tanker and a Yemeni cargo ship by Somali pirates last month would seem to have little to do with the financial crisis.

UBS Bonus Plan to Inflict Pain on Bank Culture: Matthew Lynn Having kissed goodbye to the bonus culture for the foreseeable future, it looks like we will have to get used to the “malus” culture instead.

Hedge Funds Need to Find Better Way to Say Sorry: Matthew Lynn Investors in hedge funds might have expected to beat the market in exchange for a management fee equaling 20 percent of the profits.

Britain Can't Spend Its Way Out of This Recession: Matthew Lynn The British could be forgiven for feeling gloomy right now with a tumbling currency, a shrinking economy, rising unemployment and a financial system that needed a government bailout.

Four Reasons to Enroll in Your M.B.A. Program Now: Matthew Lynn The credit crunch is already reshaping lives and forcing people to plan new careers.