While some would say there is less systemic risk with CLOs tbe interconnection between private equity, CLOs and the real economy is staggering. 65% of leveraged loans are funded by CLOs. From pensions invested in PE to the millions of real jobs connected to PE owned firms to bank exposure, CLOs may present MORE systemic …
Kent’s pension advisers criticised over role in Woodford saga Yet more investment “experts” exposed in Woodford saga. https://on.ft.com/2SpIF4v via @FT
India’s Terrifying Water Crisis https://nyti.ms/32owwBf
On opportunity zone investing and new tax breaks. https://www.forbes.com/sites/kurtbadenhausen/2019/07/15/titans-linebacker-derrick-morgan-retires-from-nfl-and-launches-200-million-opportunity-zone-fund/
https://www.gsma.com/mobilefordevelopment/uncategorized/mobile-money-agent-networks-are-evolving-but-not-as-you-might-expect/
Obamacare at Stake as Appeals Court Hears Case Backed by Trump https://www.nytimes.com/2019/07/09/health/obamacare-appeals-court.html
Universal credit scam ‘leaves claimants up to £1,500 out of pocket’ More evidence UC program is hopelessly broken and needs to be scrapped or redesigned root and branch. #UniversalCredit https://www.theguardian.com/society/2019/jul/09/universal-credit-scam-leaves-claimants-pounds-hundreds-out-of-pocket?CMP=Share_AndroidApp_WordPress
Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen https://www.wsj.com/articles/heavy-debt-begins-to-crush-chinas-corporate-giants-including-the-jewelry-queen-11562597217
BBC News – Biased and wrong? Facial recognition tech in the dock https://www.bbc.co.uk/news/business-48842750
BBC News – US top of the garbage pile in global waste crisis https://www.bbc.co.uk/news/science-environment-48838699