Private credit companies are key owners of AI-related assets. Many of their parent private equity firms own life insurers that are dumping grounds for bad loans—and subject to state bailouts.
Economic Policy
Posted inEconomic Policy
Will Trump Accounts Close the Racial Wealth Gap, or Worsen It?
The investment accounts for newborns have been lauded as an innovative wealth-building program. But they might exacerbate economic inequalities instead of remedying them.
Posted inEconomic Policy
The CFTC’s Word Games Legalizing Gambling
The regulator’s proposal for online prediction markets stands in clear opposition to congressional statute and its own rulemaking.
Posted inEconomic Policy
Can American Economics Change?
A business school professor and storied investor says it now has to prioritize the national interest. That’s a start, but nowhere near enough.
Posted inEconomic Policy
Anti-Monopoly Bill Hits Make-or-Break Moment in California
Advocates have gained momentum to beef up the state’s primary antitrust law, but the largest companies in the nation are trying to stop it.
Posted inEconomic Policy
Greenspan Was the Creator of His Own Disaster
The former Fed chair, who died at the age of 100 this week, deliberately engineered financial markets to be faster and looser. Then they blew up.
Posted inEconomic Policy
Crypto Industry Gets Its Way on GENIUS Act Rulemaking
The primary federal regulators of stablecoins are finalizing their rules for GENIUS Act implementation and, much to the chagrin of the banking industry, crypto firms are getting everything they want.
Posted inEconomic Policy
New York City Wants to End Surveillance Pricing
States have attempted to prevent companies from using personal information to set prices. New York City wants to give the public a chance to enforce the law.
Posted inEconomic Policy
Nothing Is Safe From Private Equity Rollups
Is antitrust enforcement equal to the challenge of defeating the most prevalent abuses?
Posted inEconomic Policy
Trump and Bernie Agree: Let’s Own AI!
One’s a narcissist, the other’s a socialist, but there’s room for all in this improbable coming together.