How private equity creates a "circle of pain" in the US economy

Apr 27, 2023
Private equity "is a major driver of the enormous gulf between rich and poor in this country," says author Gretchen Morgenson.
The private equity firm Blackstone Group, led by Stephen A. Schwarzman (center) is among the top buyers in leveraged buyouts over the last several decades.
Brendan Smialowski/AFP via Getty Images

Toys R Us and why the retail downturn is all about debt

Mar 14, 2018
Store closings and bankruptcies are usually blamed on online competition. But that's only part of the story.
Toys R Us is closing about a fifth of its stores.