Today on TAP: The stock market, financial writers, and the Fed have one thing in common: excessive gloom.
financial industry
Posted inEducation in America
Besiege the Ivy League
We can have a better higher-education system, or we can have schools that cater to the elite and privileged. We can’t have both.
Posted inMoney, Politics, and Power
House Leadership Delays Social Security Expansion While Crafting Tax Breaks for Rich Retirees
Nancy Pelosi’s office is blocking Social Security expansion, while Congress prepares to pass a windfall for rich retirees, insurance companies, and large asset managers like Vanguard and Fidelity.
Posted inEconomic Policy
Will Congress Let Crypto Pick Its Regulator?
Reeling from losses, the industry is pressing Congress to legislate a government seal of approval—with feeble regulatory substance.
Posted inLaw and Justice
A Hopeful Sign for Holding the Powerful Accountable
And it wasn’t the FBI raid at Mar-a-Lago.
Posted inEconomic Policy
Winners and Losers on Tax Policy
The big winner in the eleventh-hour concessions to Kyrsten Sinema was the private equity industry.
Posted inEconomic Policy
Cut Off Private Equity’s Money Spigot
A variety of legislative and regulatory actions would make it hard for private equity to stay in business. That should be the goal.
Posted inEconomic Policy
The Nightmare Ouroboros of School Shootings and the Educational Bond Market
Texas reactionaries use the temptation of school investments to force banks to keep financing school shootings.
Posted inEconomic Policy
Labor Slams Pensions for Burnishing Image of Private Equity
As KKR shops around a new ESG fund, top investors are helping promote its image as a socially responsible investor.
Posted inMoney, Politics, and Power
Senate Feminist Spends Last Days of ‘Roe’ Shilling for Crypto Bros
Sen. Kirsten Gillibrand is teaming up with Republican Cynthia Lummis on a cryptocurrency bill that supporters and detractors alike see as mostly hands-off.
