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Category: Free Markets
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Published: Friday, 9 May 2008
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Written by PT Editors
Economic policy covers a multitude of topics—interest rates, employment, inflation, and GDP growth to name a few. It’s about the environment, agriculture, and energy. But, mostly, it’s about budgets: deciding how much money goes where and then how to raise it.
As the US ponders its economic future, PT spoke with three different sources about their take on what lies ahead: Wilbur Ross, one of the country’s experts on bankruptcies and restructuring; Georges Sudarkis, an investment officer with ADIA, the world’s largest state fund; and Vic Miller, a leading authority on federal budgets. To read what they had to say, check out the three new articles in this May 2008 issue of Policy Today.
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Category: Free Markets
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Published: Friday, 9 May 2008
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Written by PT Editors
Highly regarded within the field or bankruptcies and restructuring, Wilbur Ross is Chairman and CEO of W R Ross and Co. of New York. His successes include automotive, coal, and steel manufacturers. Now, Ross is focusing on the financial services sector.
At a recent conference, Ross provided a very sobering view of the financial black hole that American banks and consumers have dug for themselves.
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Category: Free Markets
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Published: Friday, 9 May 2008
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Written by PT Editors
A recent conference featured a presentation by Georges Sudarskis, Senior Investment Controller at the Abu Dhabi Investment Authority, better known as ADIA. ADIA is the world's largest institutional investor and recently made headlines with its $7.5 billion stake in beleaguered Citigroup as well as buying into private equity firms Carlyle (through a related entity, Mubadala) and Apollo Management. In a presentation that represented the first of its kind, Sudarskis agreed to “share the dynamics and inner workings of a professional investment team within a sovereign fund.”?
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