Occupation: Financier Birth: July 5, 1952
Picking winners among the many young companies seeking money is a tough business, even for the most sophisticated investors. Indeed, most professiona….
Finally, let's keep well in mind the most important lesson of the auto rescue: While government should stay away from the private sector as much as p….
Most troublesome is the legalization of 'crowd funding,' the ability of start-up companies to raise capital from small investors on the Internet..
Slapping a catchy acronym like the JOBS Act on a piece of legislation makes it more difficult for politicians to oppose it - and indeed that's what h….
Not surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas..
Visits to crowded Indian urban centers unleash sensory assaults: colorful dress and lilting chatter provide a backdrop to every manner of commerce, f….
To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global ….
As a beneficiary of the carried interest loophole, I've seen firsthand the lack of any difference between the work involved in generating a carried i….
Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist t….
Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks..
The highest-income Americans don't need tax-free health insurance, mortgage interest deductions or deferred taxation on retirement funds..
Eye-popping tales of growing income inequality are hardly new. By now, nearly every American must be painfully aware of the widening pay gap between ….
To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact ….
Thanks to decades of accumulated federal budget deficits and, more significantly, imprudent Medicare and Social Security policies, we've stolen almos….
Indias rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities..
Well, maybe not death panels, exactly, but unless we start allocating health-care resources more prudently – rationing, by its proper name – the expl….
The weak economy, widening income inequality, gridlock in Congress and a presidential election: Those were perhaps the dominant economic and politica….
China has lunged into the 21st century, while India is still lurching toward it..
The largest number of jobs likely to be created by the JOBS Act will be for lawyers needed to clean up the mess that it will create..
Neither the George W. Bush nor the Obama administrations volunteered to bail out G.M., Chrysler and other parts of the auto sector. Both subscribed f….
During my 30 years on Wall Street, taxes on “unearned income” have bounced up and down with regularity, and I’ve never detected any change in the app….