Article • Dean Baker’s Beat the Press
Financialization
Article
Biden Corporate Loyalists Unite Around Super PAC
While Biden is not beholden to his donors, their specific interests in reducing federal oversight of private equity, real estate, and the tech sector might still be an indication of what to expect from a Biden administration.
Report
Why It’s So Hard to End Surprise Medical Bills
In an otherwise insightful article on how the medical system profits from surprise medical bills, medical doctor and journalist Elisabeth Rosenthal fails to mention the detrimental role played by private equity firms.
Article
The Rewards of Poor Performance: CEO, Hedge Fund, and Private Equity Compensation
The story of upward redistribution over the last four decades is overwhelmingly a story of money going to high-end wage-earners.
Eileen Appelbaum’s Testimony for a House Committee on Financial Services Hearing Titled “America for Sale? An Examination of the Practices of Private Funds”
November 19, 2019, Eileen Appelbaum
Press Release
ADVISORY: Economists Appelbaum and Batt Present Research Connecting Private Equity to Surprise Medical Billing
Article
Lobbying Arm of Private Equity Industry Pays E&Y for Misleading Report on PE’s Economic Contributions
Let’s unpack the E&Y study. Employment E&Y touts that the private equity industry supports 8.8 million jobs. You could mistakenly think this means that PE created 8.8 million jobs or that PE increased employment at the companies it took over. That may be
Article
Ads Try to Hide the Real Cause of those Sky-High Surprise Medical Bills
Medical debt is a leading cause of bankruptcy for families, and surprise medical bills are a major contributor to rising levels of medical debt.
Article
Comment on Davis, Haltiwanger, Handley, Lipsius, Lerner, and Miranda, "The Economic Effects of Private Equity Buyouts"
The research team that brought you a study that compared employment dynamics in companies taken over by private equity with similar companies not acquired by PE (“Private Equity, Jobs, and Productivity,” American Economic Review 2004) is out with a new p
Article
Taxing Financial Transactions Is More Strategic Than Taxing High Wealth
It’s great to see leading presidential contenders proposing measures to seriously address the rise in inequality over the last four decades. However, the implications of these policies have to be considered carefully.