“Mayor Adams’ administration failed to fill months-long vacancies until the final two months of his term, after he has tried meddling with Rent Guidelines Board appointments in a bad faith effort to undermine the incoming mayoral administration.”
NYC’s Adams Pushes Rent Board Changes Before Mamdani Freeze Bid
Outgoing New York Mayor Eric Adams is racing to fill key positions before Zohran Mamdani takes office, including on the powerful Rent Guidelines Board, which could undermine the incoming mayor’s pledg...
www.bloomberg.com
November 25, 2025 at 7:13 PM
“Mayor Adams’ administration failed to fill months-long vacancies until the final two months of his term, after he has tried meddling with Rent Guidelines Board appointments in a bad faith effort to undermine the incoming mayoral administration.”
My money's on the turkey that runs a crypto exchange.
November 25, 2025 at 1:33 PM
My money's on the turkey that runs a crypto exchange.
"...revenue from private market management will reach $432.2 billion in 2030, accounting for more than 50% of total revenues.."
Overall “[p]rofit as a share of AUM has already fallen roughly 19% since 2018, and it’s set to decrease by another 9% by 2030,” the report said."
Overall “[p]rofit as a share of AUM has already fallen roughly 19% since 2018, and it’s set to decrease by another 9% by 2030,” the report said."
Money managers’ global AUM will reach $200 trillion by 2030, PwC report says
Private markets and tokenized funds are expected to be areas of growth in the coming years.
www.pionline.com
November 25, 2025 at 11:44 AM
"...revenue from private market management will reach $432.2 billion in 2030, accounting for more than 50% of total revenues.."
Overall “[p]rofit as a share of AUM has already fallen roughly 19% since 2018, and it’s set to decrease by another 9% by 2030,” the report said."
Overall “[p]rofit as a share of AUM has already fallen roughly 19% since 2018, and it’s set to decrease by another 9% by 2030,” the report said."
Our sports betting/prediction markets problem is large enough that BofA put out a research note last week with a blanket warning for the credit card issuers and lenders it covers
November 24, 2025 at 3:43 PM
Our sports betting/prediction markets problem is large enough that BofA put out a research note last week with a blanket warning for the credit card issuers and lenders it covers
"For OBDC II investors, the arb was fairly obvious. Why not sell the non-traded BDC at 100% of NAV and then redeploy that money into the public BDC at 80% of NAV (a 20% discount)? Especially since the position overlap between OBDC II and its public cousin, OBDC, was 98%."
Covenant Lite #45: Blue Owl's Failed Merger and Cracks in Non-Traded BDCs
A case of poor timing or something bigger?
covenantlite.substack.com
November 24, 2025 at 2:38 PM
"For OBDC II investors, the arb was fairly obvious. Why not sell the non-traded BDC at 100% of NAV and then redeploy that money into the public BDC at 80% of NAV (a 20% discount)? Especially since the position overlap between OBDC II and its public cousin, OBDC, was 98%."
Reposted by Jim Kane
“The University of Phoenix has itself been a prime example of many of the problems that Mr. Rowan has highlighted in his attacks on academia”
Wealthy People Have Always Shaped Universities. This Time Is Different.
www.nytimes.com
November 24, 2025 at 1:33 PM
“The University of Phoenix has itself been a prime example of many of the problems that Mr. Rowan has highlighted in his attacks on academia”
November 24, 2025 at 12:02 AM
After a two-year campaign of terror, I fulfilled my promise to not subject New Labor Forum readers to the worst in finance puns in 2025.
November 23, 2025 at 8:15 PM
After a two-year campaign of terror, I fulfilled my promise to not subject New Labor Forum readers to the worst in finance puns in 2025.
Reposted by Jim Kane
The story of Rockefeller bankrolling the establishment of the University of Chicago is fascinating (he paid for everything). He generally abstained from meddling but somewhow the one guy who got fired was a political economists who advocated for ... public ownership of the energy infrastructure.
November 22, 2025 at 4:23 PM
The story of Rockefeller bankrolling the establishment of the University of Chicago is fascinating (he paid for everything). He generally abstained from meddling but somewhow the one guy who got fired was a political economists who advocated for ... public ownership of the energy infrastructure.
November 22, 2025 at 2:54 PM
Reposted by Jim Kane
new interview !
www.nybooks.com/online/2025/...
www.nybooks.com/online/2025/...
Runaway Short-Termism | Susannah Glickman, Nic Johnson
Since retaking the presidency in January, Donald Trump has initiated a blitz of chaotic, damaging economic policies. For months, as Nic Johnson wrote in
www.nybooks.com
November 22, 2025 at 12:01 PM
new interview !
www.nybooks.com/online/2025/...
www.nybooks.com/online/2025/...
Reposted by Jim Kane
That's quite the show of readiness!
"The union’s total membership is about 3,400, and 2,416 participated in the strike vote. Of them, 92% voted in favor of calling a strike if needed to reach an agreement."
"The union’s total membership is about 3,400, and 2,416 participated in the strike vote. Of them, 92% voted in favor of calling a strike if needed to reach an agreement."
Graduate student workers at the University of Pennsylvania have voted to strike if their union calls for it, as they work toward a first contract with better pay and benefits.
Thousands of Penn graduate student workers could soon strike
The 3,400-member union GETUP-UAW, which includes teaching and research assistants, has been negotiating with the university for a year on a first contract.
www.inquirer.com
November 21, 2025 at 3:27 PM
That's quite the show of readiness!
"The union’s total membership is about 3,400, and 2,416 participated in the strike vote. Of them, 92% voted in favor of calling a strike if needed to reach an agreement."
"The union’s total membership is about 3,400, and 2,416 participated in the strike vote. Of them, 92% voted in favor of calling a strike if needed to reach an agreement."
Reposted by Jim Kane
A new piece for @thenation.com on everyone's favourite industry -- private equity; in conversation with one of the many new books on PE, by Megan Greenwell.
Here:
Here:
Can We Blame Private Equity for Everything?
Did PE firms make the world worse? Or was it something else?
www.thenation.com
November 20, 2025 at 11:32 AM
A new piece for @thenation.com on everyone's favourite industry -- private equity; in conversation with one of the many new books on PE, by Megan Greenwell.
Here:
Here:
Reposted by Jim Kane
New commentary!
I’ve been doing some work on World Bank experiments with trust funds for conservation in the 1990s.
It looks like, having run out of other ways to private finance our way out of climate crisis, they’re back at COP 30 with the TFFF.
theconversation.com/the-worlds-n...
I’ve been doing some work on World Bank experiments with trust funds for conservation in the 1990s.
It looks like, having run out of other ways to private finance our way out of climate crisis, they’re back at COP 30 with the TFFF.
theconversation.com/the-worlds-n...
The world’s new US$125 billion rainforest trust fund revives a 1990s idea – and shows its limits
Cop30’s flagship Tropical Forests Forever announcement puts investors before rainforests.
theconversation.com
November 21, 2025 at 7:24 AM
New commentary!
I’ve been doing some work on World Bank experiments with trust funds for conservation in the 1990s.
It looks like, having run out of other ways to private finance our way out of climate crisis, they’re back at COP 30 with the TFFF.
theconversation.com/the-worlds-n...
I’ve been doing some work on World Bank experiments with trust funds for conservation in the 1990s.
It looks like, having run out of other ways to private finance our way out of climate crisis, they’re back at COP 30 with the TFFF.
theconversation.com/the-worlds-n...
Reposted by Jim Kane
Make that almost $346 million.
November 20, 2025 at 8:22 PM
Make that almost $346 million.
Reposted by Jim Kane
How’s liquidity in the US life insurance sector?
[FREE TO READ] Deteriorating, Bob!
on.ft.com
November 20, 2025 at 9:14 AM
"Rather than substantiating her thesis of a sui generis role for private equity in destroying civil society and the American dream, what Greenwell actually reaffirms is a kind of bog-standard point about how business is done in America."
A new piece for @thenation.com on everyone's favourite industry -- private equity; in conversation with one of the many new books on PE, by Megan Greenwell.
Here:
Here:
Can We Blame Private Equity for Everything?
Did PE firms make the world worse? Or was it something else?
www.thenation.com
November 20, 2025 at 12:26 PM
"Rather than substantiating her thesis of a sui generis role for private equity in destroying civil society and the American dream, what Greenwell actually reaffirms is a kind of bog-standard point about how business is done in America."
Reposted by Jim Kane
Today, @laura-benitez.bsky.social and Scott Carpenter are looking at how the retirement savings of ordinary Americans are used to provide a lifeline to private equity funds, in the form of an esoteric type of financing: NAV loans.
November 19, 2025 at 2:55 PM
Today, @laura-benitez.bsky.social and Scott Carpenter are looking at how the retirement savings of ordinary Americans are used to provide a lifeline to private equity funds, in the form of an esoteric type of financing: NAV loans.
Reposted by Jim Kane
I've spoken with policyholders who are fearing life-changing losses.
www.bloomberg.com/features/202...
www.bloomberg.com/features/202...
When Wall Street’s Insurance Playbook Goes Wrong
Almost a decade after a private equity firm began reshaping a struggling life insurer, authorities are grappling with a $2.2 billion shortfall. Policyholders fear life-changing losses.
www.bloomberg.com
November 17, 2025 at 10:45 PM
I've spoken with policyholders who are fearing life-changing losses.
www.bloomberg.com/features/202...
www.bloomberg.com/features/202...
Harvard's endowment now has almost $443 million invested in BlackRock's Bitcoin ETF
November 18, 2025 at 11:57 AM
Harvard's endowment now has almost $443 million invested in BlackRock's Bitcoin ETF
‘No! Not Larry Summers!’ Wails Devastated Nation
Lawrence Summers to step back from public roles over ties to Epstein
Former US Treasury secretary sought paedophile’s advice over relationship he was pursuing
on.ft.com
November 18, 2025 at 1:04 AM
‘No! Not Larry Summers!’ Wails Devastated Nation