Opinion: Nobel laureate economist JosephEStiglitz explains why why Congress needs to rein in the exploitative private-equity industry to protect American businesses and jobs.
The private-equity industry has been extracting wealth from the US economy for investors at the expense of the American economy for too long. The private-equity industry is too secretive, loads takeover targets with too much debt, and pushes companies to lay off too many workers. Given the problems with private equity, Congress is right to try to crack down on the industry with the new Stop Wall Street Looting Act. Joseph E. Stiglitz was awarded the Nobel Prize in Economics in 2001.
The private-equity industry has been extracting wealth from the US economy for investors at the expense of the American economy for too long. The private-equity industry is too secretive, loads takeover targets with too much debt, and pushes companies to lay off too many workers. Given the problems with private equity, Congress is right to try to crack down on the industry with the new Stop Wall Street Looting Act. Joseph E. Stiglitz was awarded the Nobel Prize in Economics in 2001.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Martin Guzman: Argentine whiz-kid economist and acolyte of StiglitzArgentina's Martin Guzman, a whiz-kid economist with close ties to influent...
Consulte Mais informação »
Martin Guzman: Argentine whiz-kid economist and acolyte of StiglitzArgentina's Martin Guzman, a whiz-kid economist with close ties to influent...
Consulte Mais informação »
Getting a vasectomy is actually not that big a dealIt's one of the safest and most effective methods of contraception for men—so why aren't more men having it done?
Consulte Mais informação »
Trump again accused of mishandling info, creating security threatIt's a good time to update the Top 10 list featuring the most egregious examples of Trump mishandling sensitive information and creating security risks.
Consulte Mais informação »
Goldman Sachs says that every one of its private equity clients is preparing for recession | Markets InsiderGoldman Sachs' private equity clients are not feeling good about the global economy. According to the bank's chairman of investment bankin...
Consulte Mais informação »
Eddie Murphy Says There's 'Something Sexy' About Having 10 KidsEddie Murphy revealed that women think there's something sexy about him having 10 kids. Watch the hilarious clip from The Ellen DeGeneres Show below!
Consulte Mais informação »