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Finance

Hedge funder famous for his ‘black swan’ strategy says there’s ‘something immoral’ about America’s reliance on debt—and future generations ‘will bear the burden for this’

Hedge funder famous for his ‘black swan’ strategy says there’s ‘something immoral’ about America’s reliance on debt—and future generations ‘will bear the burden for this’

A 2023 study by the Wharton School found that the U.S. has about 20 years left for corrective action to fix the national debt before it hits 200% of GDP.

The cult of tax efficiency: The totally legal way that Tesla, Ford, Netflix and dozens of other large companies use U.S. law to pay their C-suite more than Uncle Sam

The cult of tax efficiency: The totally legal way that Tesla, Ford, Netflix and dozens of other large companies use U.S. law to pay their C-suite more than Uncle Sam

According to Jennifer Blouin of the Wharton School, the federal government considers carrying over corporate losses from less- to more-profitable years a nice way to help companies over bumpy times.

Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’

Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’

Joao Gomes of the Wharton School predicts that America’s $34 trillion debt burden may upset the world’s financial markets as early as next year, assuming that a president-elect announces a raft of expensive policies.

‘Bankrolling Empire: Family Fortunes and Political Transformation in Mughal India’
Painting from 18th century shows an Indian banker being carried in a carriage and surrounded by armed entourage.

Late 18th century portrait of banker Vakhatchand Jhaveri and his armed entourage, painted on the inner marble wall of the Jain temple Ajithnath Derasar in Ahmedabad, India.

(Image: Courtesy of Sudev Sheth)

‘Bankrolling Empire: Family Fortunes and Political Transformation in Mughal India’

A new book by Sudev Sheth, senior lecturer in history and international studies, looks at how the leaders of one of the most dominant early modern polities lost their grip over empire.

Kristen de Groot