Slowing exits lead to reduced carried interest payments. Is this indigestion from overpriced deals? Will it lead to markdowns? Yet Calstrs needs to keep feeding the Private Equity beast. https://www.penews.com/articles/calstrs-carried-interest-payments-to-private-equity-managers-fall-as-exits-slow-20191107
IFS: UK’s richest people exploiting loophole to cut tax rate Shocking given how starved of funds federal and local governments are https://www.theguardian.com/business/2019/nov/05/thousands-of-uks-richest-people-exploiting-loophole-to-cut-tax-rate?CMP=Share_AndroidApp_WordPress
https://www.nationalmemo.com/department-of-education-wasted-1-billion-on-failed-charter-schools/
Technical schools lavished with Gove funding criticised by watchdog https://www.theguardian.com/education/2019/oct/30/technical-schools-lavished-with-gove-funding-criticised-by-watchdog?CMP=Share_AndroidApp_WordPress
Mobile money is not helping Zimbabwe’s hyperinflation – Dangers on a completely digital economy https://on.ft.com/2WluK18 via @FT
Could Alexa, Siri and Google make us smarter savers? – https://www.ft.com/content/ec1b0da8-f584-11e9-a79c-bc9acae3b654?shareType=nongift via @FT
This article raises 3 key issues related to private equity – 1) when there is a failed IPO do the PEs mark down the private valuation on the assumption that failed IPO implies that private value is too high?, 2) what is the process to ensure private sales and/or swaps are properly valued and arm’s …
More evidence cocoa and coffee certification process is broken https://www.washingtonpost.com/business/2019/10/23/chocolate-companies-say-their-cocoa-is-certified-some-farms-use-child-labor-thousands-are-protected-forests/
Superyachts and private jets: spending of corrupt super-rich revealed https://www.theguardian.com/uk-news/2019/oct/24/superyachts-and-private-jets-spending-of-corrupt-super-rich-revealed?CMP=Share_AndroidApp_WordPress
The contribution of financial inclusion to SDGs can be powerful. https://www.cgap.org/blog/financial-inclusion-has-big-role-play-reaching-sdgs