Market Failure

Market Failure

Republican’s stock answer (other than cut taxes) to all problems is: leave it to the market and the market will fix what ails us. Except the market is failing us now. We still can’t get testing at the levels we need in order to reopen the economy. We still don’t have enough PPEs for our…

Capital Allocation

Capital Allocation

I hazily recall reading an article a couple of weeks ago about an interview with one of the Democratic Presidential candidates, Tom Steyer, and the reporter asked him a question about the extremely large role finance plays in the U.S. economy – basically the financialization of the economy over the past couple of decades. I…

More Billionaires Crying
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More Billionaires Crying

““You’re not victims; you’re the richest people in the world,” Novogratz said Friday in an interview with Bloomberg. “How in God’s name do you feel like a victim?”” HuffPost, “Billionaire Tells Wealthy to ‘Lighten Up’ About Elizabeth Warren: ‘You’re Not Victims’ “, Mary Papenfuss, October 19, 2019 A lot of billionaires really don’t like Elizabeth…

Changing Culture
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Changing Culture

“ “We need the work you do here. I like what you’re doing with Ventures and making progress with Lighting. Current is a good idea. We have to do more of these. The GE brand is in great shape. FastWorks is important – we need your help more than ever,” Jeff said. “Please help me…