Financial firms control half of US daily newspapers as pandemic worsens industry’s plight Hedge funds are literally taking away everything that’s good in this world, from buying up all the private homes thus destroying the American dream to buying up all the local news outlets, thus destroying democracy. Source: Fears for future … Continue reading Fears for future of American journalism as hedge funds flex power
Emily Stewart’s private equity explainer for Vox is a great explainer on how the PE con works: buy up businesses, load them with debt, sell off their assets, slash their costs, then walk away as the house burns, leaving society to put out the fire — all while enjoying special tax status … Continue reading Explaining the con that is private equity
After years of asset sales, store closures, debt exchanges and real estate moves, Sears is still suffering huge losses and declining sales and analysts say bankruptcy is very likely. The destruction of … Continue reading Yes Sears is likely to collapse but its biggest stakeholder, it’s CEO, will be just fine
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