Month: November 2021

Private equity firms widely distribute their prospectuses and offering materials to prospective wealthy investors as they trawl globally to raise capital for their costly, high-risk funds. Yet when state and local government pension stakeholders request prospectuses of the funds in which their pensions invest, PE firms claim these very same broadly disseminated documents are “trade
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This segment of What’s Ahead challenges the White House’s approach to reducing cigarette smoking. Democrats are pushing massive increases—15-fold or more—in federal taxes on far less lethal tobacco products, such as snuff, snus, cigars and pipes. Why in the world would you make safer alternatives to cigarettes so expensive?  Worse, the President’s proposed new head
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The hottest NFT on the market may not be an ape or sport’s highlight—but your mortgage.  Indeed, mortgage lender LoanSnap recently announced they had minted the first NFT mortgages in existence, using their Bacon Protocol to wrap seven mortgage liens into tokens collectively worth $1.5 million.  The benefits of such tokens, according to LoanSnap, are
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A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021. Bing Guan | Bloomberg | Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) Rivian’s blockbuster initial public offering last week pushed the total exit value for U.S. public-market listings this year
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XiFotos | E+ | Getty Images Millions of Americans are quitting and finding new jobs as the pandemic-fueled “Great Resignation” continues.   Many are probably leaving retirement plans with thousands of dollars behind. More than 25 million people who switched jobs between 2004 and 2014 left one or more employer-sponsored retirement accounts at their former
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It’s quite amazing to consider that in the United States, half of today’s 5-year-olds can expect to live to age 100. The extra years of life that we’ve gained over the past 100 years is one of humankind’s greatest achievements. However, these gains produce their own challenges—and opportunities. The trouble is, current norms, expectations, employer
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In the first of a two-episode series, Professor Young Ran (Christine) Kim of the University of Utah S.J. Quinney College of Law discusses her views on the federal lawsuit challenging Maryland’s digital advertising tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax
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In this article WMT CNBC’s Jim Cramer said Wednesday he’s looking to buy additional Walmart shares after the big-box retailer’s stock declined following its third-quarter earnings report. Although Walmart beat Wall Street’s expectations on per-share earnings and quarterly revenue, the “Mad Money” host said institutional investors are likely focusing on the company’s declining margins, leading
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