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In 2016, for an eighth consecutive year, the average hedge fund trailed the return of the benchmark S&P 500 index. That underperformance has averaged more than 5 percent each year. But that didn't stop the top-paid hedge fund managers from raking it in, regardless of their fund's poor performance. Last year, the 10 highest-paid hedge fund managers received annual compensation averaging about $765 million. [ABSTRACT FROM PUBLISHER]

Americans don't know how to assess risk, especially when it comes to radical Islamist terrorism at home. We should be outraged by the December mass shootings in San Bernardino, but what is really fear-worthy? Since the 9/11 terrorist attacks, fewer than 50 people have died in the United States at the hands of jihadists. It is thus unlikely that you or I will end up splattered on a sidewalk, compliments of a suicide bomber. [ABSTRACT FROM PUBLISHER]