Drug companies are abandoning antibiotic research to make more money elsewhere. Yet another reason why we need a publicly owned company.
Private Equity
Posted inHousing and Transportation
Closing the New Affordable Housing Gaps
Low-income housing tax credits survived the Republicans’ draconian tax overhaul, but a lower corporate tax rate means investors have lost their appetite for the tax breaks that have helped build many of the country’s affordable housing projects.
Posted inCivil Rights in America
Taking on Class and Racial Discrimination in Housing
Cory Booker’s big idea to rein in exclusionary zoning
Posted inMoney, Politics, and Power
Bank Deregulation 2.0 Is Here
A new bill supported by both Democrats and Republicans is yet another deregulatory action that gives Wall Street room to run in dangerous directions.
Posted inTAP
Adding Insult (More Precisely, Discomfort and Anger) to Injury
Airline passengers, abandon all hope. On Tuesday, Donald Trump’s Federal Aviation Administration decreedthat it would do nothing about the relentless shrinkage of airplane seats and legroom. Rejecting a plea from Flyers’ Rights (a passengers’ organization) and a judge’s order that it reconsider its position, the FAA said that such concerns as passenger comfort were none […]
Posted inMoney, Politics, and Power
Will the Tax Act Set Back Private Equity?
In their haste to find revenue to offset the cost of their tax cut, Republican tax writers have made life a little trickier for the private equity industry.
Posted inMoney, Politics, and Power
How the Tax Act Embodies the Republican Culture of Corruption
The Tax Act is a Christmas tree of special-interest tax breaks. The only thing more corrupt than the substance was the way it was enacted.
Posted inEconomic Policy
Pete Peterson Meets St. Peter
The late private equity billionaire has some trouble at the Pearly Gates.
Posted inEconomic Policy
Private Equity: Looting “R” Us
But the new tax law, unintentionally, could put a dent in private-equity scamming.
Posted inMoney, Politics, and Power
National Security Agencies Have Spoken: Private Equity Ownership Imperils America
The government kiboshes Broadcom’s purchase of Qualcomm because it will lead to less R&D and investment (the better to increase profits) at a militarily important tech leader.