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Claiming a Golden Age

…directly check market power and hold industry accountable. On jobs, the president boasted that nearly “100 percent” of new jobs have been created in the private sector. And the label on the…

Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…