Steven Rattner
Steven Rattner
Steven Lawrence Rattneris an American financier who served as lead adviser to the Presidential Task Force on the Auto Industry in 2009 for the Obama administration. He was a managing principal of the Quadrangle Group, a private equity investment firm that specialized in the media and communications industries. Prior to co-founding Quadrangle, he was an investment banker at Lehman Brothers, Morgan Stanley, and Lazard Freres & Co., where he rose to deputy chairman and deputy chief executive officer. Rattner began...
NationalityAmerican
ProfessionBusinessman
Date of Birth5 July 1952
CountryUnited States of America
From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations - and the truly delusional idea that growing federal debt doesn't matter because we owe most of it to ourselves.
Eye-popping tales of growing income inequality are hardly new. By now, nearly every American must be painfully aware of the widening pay gap between top executives and shop floor laborers; between 'Master of the Universe' financiers and pretty much everyone else.
The stagflation of the 1970s blessed us with damaging wage and price controls and the utterly counterintuitive supply-side notion - famously drawn on a napkin - that cutting taxes would lead to higher tax revenues.
India's rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.
It's time for the sensible center to rise up and push for a rational approach to our fiscal challenges.
Visits to crowded Indian urban centers unleash sensory assaults: colorful dress and lilting chatter provide a backdrop to every manner of commerce, from small shops to peddlers to beggars.
As a beneficiary of the carried interest loophole, I've seen firsthand the lack of any difference between the work involved in generating a carried interest and the work done by millions of other professionals who are taxed at the full 35 percent rate.
The largest number of jobs likely to be created by the JOBS Act will be for lawyers needed to clean up the mess that it will create.
Not surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas.
Most troublesome is the legalization of 'crowd funding,' the ability of start-up companies to raise capital from small investors on the Internet.
China has lunged into the 21st century, while India is still lurching toward it.
Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.
Well, maybe not death panels, exactly, but unless we start allocating health-care resources more prudently – rationing, by its proper name – the exploding cost of Medicare will swamp the federal budget.
Indias rigid social structure limits intergenerational economic mobility and fosters acceptance of vast wealth disparities.