Private Equity’s Profit Charade
Private equity's seemingly high returns have been attributed to "freedom" from regulation. But, however explained, there is the question of how real the private equity profits have actually been.
First it was the Dominican limo driver, who disappeared while driving a client upstate. When my husband extracted him from
In my last post on meat markets and securities markets, I argued that competitive markets require government oversight to prevent
(Click on the image above--it is from a very interesting exhibit from 2005.) (1) Europe Slumming It: Last month the
(1) Seniors: Hat-tip to regular blog reader TM for alerting us to an op-ed by WashPo economics blah-blah-er Robert Samuelson
A quick post, now that the blog is back up. (Thanks to D&S subscriber and WordPress expert Shaun
(1) May/June issue in the mail: E-subscribers have received their May/June issue, and print subscribers should be receiving
A review of The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America—and Spawned a Global Crisis by Michael W. Hudson. (New York: Times Books, 2010.)
The main narrative that I hear in mainstream press is that U.S. workers are being undercut and eventually displaced by global competition. I think this narrative has a tone of inevitability, that low wages and job loss are driven by huge impersonal forces that we can't do much about. Is this right?
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We were outraged to learn about the recent attack on our friend and colleague Judy Ancel, by the unscrupulously malignant