Thinking more subversive thoughts about whether capital gains really deserve a tax break

A few weeks ago, The Epicurean Dealmaker declared that: If any of you PE knuckleheads piss off Congress so much with your lame and pathetic special pleading that they decide to eliminate capital gains tax treatment altogether, you’d better find a deep, dark hole to run and hide in. I don’t know about Congress, but [...]

Hedging the risk of losing your job to India

Genpact, the former GE division that got the whole India call-center thing going a decade ago, started trading on the New York Stock Exchange today. Worried that your job might be moved to Gurgaon? Buy a few shares of G and prepare to profit from your own misfortune! Now if only I’d thought to hedge [...]

NYC morning: a temple to Apple and a healthcare-reform killer

I ate breakfast this morning at the Regency Hotel, famed morning meeting place of New York’s political movers and shakers. I’d never eaten there before, and was very excited until I realized that I have no idea what most of New York’s political movers and shakers look like. My only positive IDs were of Manhattan [...]