Private equity’s health-care role draws spotlight
Congress hears about studies on detrimental effects for patients
Sabrina T. Howell said private equity’s positives in other industries don’t translate to health care.
Updated with correction.
Health care is too large a part of the economy for private equity investors to ignore, but a burning spotlight on how managers run some hospitals and nursing homes is prompting a few asset owners that generally prefer to quietly engage with general partners to speak up.
Demand for health care is rising: In the U.S., health-care spending grew 4.6% to $3.8 trillion in 2019, amounting to 17.7% of gross domestic product, according to the Centers for Medicare & Medicaid Services.
Goldfinch Bio Expands Board of Directors with Appointments of Meryl Zausner, Hon William Mo Cowan and Tyrell Rivers, Ph D
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Making sense of the markets this week: April 19, 2021
By Dale Roberts on April 16, 2021
What David Bowie and bitcoin have in common; investing in fine wine isn t just for the ultra-wealthy any longer; moaty stocks are on sale; and more.
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Photo by Sara The Freak on Unsplash
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
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Why you need to consider scarcity cred
Scott Galloway, a marketing prof at New York University’s Stern School of Business, gives us the goods on goods that are scarce on his blog No Mercy/No Malice. He calls it scarcity cred. And it’s worth paying attention to because there can be incredible value when an object is in demand and there is only one object (or a few objects) to obtain. It’s pure supply and demand, and it appears to be the root of all value that we place on things and ideas.
Raul Castro has formally handed over the reins of Cuba’s Communist Party after decades as its first secretary, stepping down Friday during the first day of the party’s eighth congress.
The changing of the guard in the country’s most powerful institution represents a shift from the revolutionary leadership of the Castro era to a new generation. It also comes at a time when the country’s economy is struggling and in urgent need of reform.
Cuba’s economy shrank by 11 percent during the COVID-19 pandemic, according to government figures, and travel restrictions hit the island’s tourism sector and the foreign currency it brings in particularly hard.
Biden Energizes Global Effort to Keep Multinationals From Dodging Taxes
Apr 16 2021, 3:50 AM
April 15 2021, 1:30 PM
April 16 2021, 3:50 AM
(Bloomberg Businessweek) When I interviewed Kimberly Clausing in 2017, she was an economics professor at Reed College in Portland, Ore., with intriguing but seemingly unachievable ideas for how to make multinational corporations pay taxes. I wrote that her plan was worth studying âif only to see how much better things could be if politics didnât get in the way.â
(Bloomberg Businessweek) When I interviewed Kimberly Clausing in 2017, she was an economics professor at Reed College in Portland, Ore., with intriguing but seemingly unachievable ideas for how to make multinational corporations pay taxes. I wrote that her plan was worth studying âif only to see how much better things could be if politics didnât get in the way.â
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