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Women's soccer is bringing private equity off the sidelines. While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive, minority stakes, only the National Women's Soccer League has allowed these firms to take majority control of the economics. Sixth Street was the first to own a team in building out the San Francisco women's team, Bay FC, last year. The second-ever such deal closed a few weeks ago, as Carlyle partnered with men's team, the Seattle Sounders FC, to buy that city's counterpart in the NWSL, the Reign FC. Popov said NWSL attendance, up more than 40% this year, is evidence of the momentum in the sport.
Persons: Jessica Berman, San Francisco women's, Carlyle, Adrian Hanauer, Alex Popov, Popov Organizations: – Major League Soccer, National Basketball Association, Major League Baseball, National Hockey League, National Women's Soccer League, CNBC, Sixth, San, Bay FC, men's, Seattle Sounders FC, FC, Sounders FC, Reign FC, NWSL Board
Democrats’ Dream of a Wealth Tax Is Alive. For Now.
  + stars: | 2024-06-20 | by ( Jim Tankersley | ) www.nytimes.com   time to read: +1 min
For years, liberal Democrats have agitated for the United States to tax wealth, not just income, as a way to ensure that rich Americans who derive wealth from real estate, stocks, bonds and other assets were paying more in taxes. On Thursday, that dream survived a Supreme Court scare, but just barely. The idea of a wealth tax was not directly before the court on Thursday. Justices were considering the constitutionality of a new tax imposed under former President Donald J. Trump that applies to certain income earned by businesses overseas. But in taking the case, the court could have pre-emptively ruled federal wealth taxation unconstitutional.
Persons: Donald J, Trump, , Amy Hanauer, Organizations: Taxation, Economic Locations: United States
Opinion: Trump gives Biden one big lift
  + stars: | 2024-03-17 | by ( Richard Galant | ) edition.cnn.com   time to read: +18 min
Former President Donald Trump’s favorability ratings are only slightly better. The bipartisan legislation to control the flow of migrants across the southern border was blown up by opposition from Trump. One thing that is going right for Biden is Trump himself. “I want to vote for Donald Trump in November, wrote Marc A. Thiessen in the Washington Post. … Just like office holders have released their tax returns (up until former President Donald Trump), I would like to see more candidates release their physical and mental health assessments,” Schurman observed.
Persons: Oscar, ” Ramy Youssef, hungers, Max McCandles, Godwin Baxter, , Frankenstein, Willem Dafoe, McCandles, Baxter, who’s, , Joe Biden’s, Donald Trump’s, Biden, Clay Jones, Trump, Ruth Ben, Ghiat, “ Vladimir Putin, Recep Tayyip Erdogan, Viktor Orban, Adolf Hitler, Xi Jinping, Kim Jong, Saddam Hussein, , — Donald Trump, , ” Ben, Donald Trump, Marc A, Thiessen, Will, that’s, Dana M, Peterson, Erik Lundh, Will RFK, Mary ’, Aaron Rodgers, Julian Zelizer, Kamala Harris, Andrey Spektor, Hunter Biden, Andrea Hailey, We’re, Frederick D, Dennis Aftergut, Bill Bramhall, Hilary Krieger, Gary Schmidt, ” Bradley Schurman, , Schurman, Robert Hur, Jack Ohman, Patrick T, Brown, Hur, Republicans “, Biden’s, Franklin D, Roosevelt, Willis, Fani Willis, Willis ’, Nathan Wade, Wade, Norman Eisen, Danya Perry, Joshua Kolb, Scott McAfee, Wade’s, ” “, ’ Biden, ” Jose Antonio Vargas, “ It’s, ” Dana Summers, Garry Pierre, Pierre, Ariel Henry, Henry, America sneezes, Frida Ghitis, TikTok, ” Ghitis, Catherine, Princess, Kate, George, Princess Charlotte, Prince Louis, ” Rosa Prince, Louis ’, William, , ” Prince, Ekaterina Kotrikadze, Jonathan I, Fareed Zakaria, Carrie Sheffield, Noah Berlatsky, Kristen Stewart’s, queerness, Doug Heye, MAGA Trump, Dean Obeidallah, Katie Britt’s, Amy Hanauer, Naomi Walker, Robert Downey Jr, Da'Vine Joy Randolph, Emma Stone, Cillian Murphy, Arturo Holmes, Jeff Yang, Jack Palance, Warren Beatty, Faye Dunaway, they’d, ” Yang, Cord Jefferson, Lily Gladstone, “ Gladstone, she’s, Leonardo, DiCaprio, Robert DeNiro, Emma Stone’s, Bella, ” Stone Organizations: CNN, Trump, Hamas, GOP, Washington Post, Mar, Hungarian, , Conference Board, Will RFK Jr, White House, American Enterprise Institute, Biden, Union, Republicans, Twitter, Pew Research Center, Content Agency Haiti, Haitian Times, Haitian, America, Kensington Palace, AP, Reuters, Agency, North, Hollywood Locations: Gaza, Israel, Ohio, Washington, Ukraine, Afghanistan, America, Georgia, Fulton County, Fulton, he’s, Florida, Texas, Haiti, Puerto Rico, Maryland, China, Wales, Kensington, North America, La, American
HOPE, by Andrew RidkerIf for Emily Dickinson “hope” is the thing with feathers, for Andrew Ridker, in his novel called “Hope,” it’s an upstanding liberal Jewish family outside Boston, grasping at air as they plummet from grace. Think Harvard-educated physician father, socially conscious Brookline mother and young adult offspring struggling to self-actualize. He does this for the money: The green energy start-up he invested in has failed, and his octogenarian mother, Marjorie, needs help paying for an elite retirement community. In different ways, the books explore American males overseas (here, Israel and Syria) and do-gooderism gone wrong. They jump smoothly around in time (“Hope” takes place over a year in the Obama era) and skillfully enter the viewpoint of all main characters, lending each depth and humanity.
Persons: Andrew Ridker, Emily Dickinson, , Scott, Marjorie, ” Ahmet —, , Franzen, grapples, Obama Organizations: Harvard, Locations: Boston, Brookline, Turkish, Berlin, Israel, Syria
Economists find that every extra dollar spent on auditing the top 10% of taxpayers yields $12 in revenue. A new paper from economists at the Department of Treasury, Harvard University, and the University of Sydney looks at the return on investment from IRS audits from 2010 through 2014. They find that while it's much more expensive to audit the wealthiest tax payers, it's still a hearty return on investment. Auditing the top 1% yields $4.25 per dollar spent, and that number soars to $6.29 when auditing the top 0.1%. The findings illustrate how much money might be sitting untapped in what the IRS calls the tax gap — the chasm between taxes owed and taxes paid.
Persons: , it's, Amy Hanauer, Hanauer, what's Organizations: Service, Department of Treasury, Harvard University, University of Sydney, Treasury Department, Taxation, Economic, Republican, IRS, Office
Despite growing public support for unions, Constant says union power has weakened in recent decades. Now is the time for Congress to protect union rights by passing pro-union laws at the federal level. Only about one in 10 American workers belongs to a labor union. How union power has been undermined across the countryThe past four decades have seen attacks on union power at almost every level of government. Presidents that followed Reagan — Republican and Democrat alike — either continued his push to erode union power or simply failed to shore up union power.
Amid the ongoing labor crisis, Constant says raising the minimum wage could be a key solution. Raising wages has proven good for workers and business, yet many states are stuck at the $7.25 federal minimum. Last week, the minimum wage in Seattle reached $17.27 per hour, while the minimum wage in Washington state increased to $14.49, and none of those threats have come true. But despite this progress, the federal minimum wage is still stalled at $7.25 per hour for non-tipped employees and $2.13 per hour for tipped employees. The Economic Policy Institute recently found that the $7.25 federal minimum wage is worth 21% less today than it was worth when established in 2009.
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