A hedge fund buys out a struggling retailer on the verge of bankruptcy. It’s a story told so much it has become a cliché. Naturally, one would expect that the next step is to gut the corporation, rob the employees of their pensions, and sell off whatever tangible and intangible assets they can get a few bucks for. But in 2019 when Elliott Management purchased Barnes & Noble Booksellers for $638 million, something different happened.
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Book Review: Empire of Pain
Empire of Pain is a multi-generational biography of the Sackler family; it is an expose on one of the biggest business and medicine scandals of the last few decades; and it is a warning about how the tools that the government and our scientific and academic institutions can be manipulated to do people harm for profit.
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The Founder Movie Class Discussion Activity
It’s the week before fall break, so I’m just gonna let movies and AI teach my class this week. I’m a terrible teacher, right? Before you rush to judgment, check out this lesson to see how I leverage a feature film and generative AI to create an engaging multi-day lesson. We’re not just watching a movie and answering questions, we’re applying 10 weeks worth of business class content and exercising writing and critical thinking skills.
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Sale-leaseback: Corporations’ New Scheme To Steal American Homes
Maybe you are elderly and on a fixed income, or for some other reason you cannot afford a major increase in your cost of living, but you live in a Midwestern city where the cost of living is traditionally low. You’ve owned your home for years and have plenty of equity, so you should have financial security, right?
Not so fast. Private equity firms and other “property investors” have bought up homes in your neighborhood to flip them and/or rent them out, driving up house prices. Your county assessor raised their appraisal of your home, and now you can’t afford your new property tax bill. But have no fear, the millionaires and billionaires who caused this problem for you are also here to offer a solution.
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Econ4All 