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☆ WSJ Opinion: The FBI and the 'Defund the Police' Mistake
▼ + stars: | 2023-07-20 | by ( Wsj Opinion | ) www.wsj.com time to read: 1 min

WSJ Opinion: The FBI and the 'Defund the Police' Mistake Henninger: "With violent crime on the rise, it got me thinking how Joe Public simply assumes cops on the beat, or line FBI agents, will keep the peace. But what if they won’t?" By WSJ Opinion Jul 19, 2023 10:29 pm Wonder Land: With conservatives no longer trusting the FBI, and progressive liberals no longer trusting local police forces, those we rely on to protect us are leaving law enforcement in their droves, and crime is rising. Images: Bloomberg News/Zuma Press Composite: Mark Kelly Read: The FBI Loses the Public

Persons: Joe Public, Mark Kelly Read Organizations: FBI, Police, Bloomberg

If the U.S. economy has a "soft landing" - no recession this year with inflation near target, and only a mild downturn next year with unemployment staying historically low - Jerome Powell may lay claim to being the most successful Fed chief in history. Powell was frequently on the receiving end of public lashings from his then boss - "Clueless," "horrendous lack of vision" and "pathetic!" "Kudos to Powell if he can achieve a soft landing. Greenspan, dubbed 'the Maestro' by his admirers, was Fed chief from 1987 to 2006. Not only that, his 36% rating was the lowest of any Fed chair since the survey series began in 2001.

Persons: Jerome Powell, Powell, Janet Yellen, Donald Trump, Trump, Paul Volcker, Alan Greenspan, Volcker, Greenspan, Joe LaVorgna, Alan Blinder, Goldman Sachs, Jan Hatzius, Hatzius, Joe, Jamie McGeever, Andrea Ricci Organizations: Powell's, Republican, Nikko Securities, Trump White House, Reuters, New York Fed, Gallup, Thomson Locations: ORLANDO, Florida, U.S

☆ KKR takes private markets right up to the checkout
▼ + stars: | 2023-06-20 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

It’s a cozy arrangement for all involved, and marks another step in private lenders’ encroachment into traditional financiers’ turf. KKR will now purchase and hold up to 3 billion euros of PayPal’s BNPL loans, originated in five European countries and typically a few months in duration. KKR can pump up its returns using leverage – the deal is funded partly from loans made by its own credit funds. Follow @JMAGuilford on TwitterCONTEXT NEWSFinancial technology firm PayPal announced on June 20 that it had signed a multi-year 3 billion euro replenishing loan agreement with asset manager KKR. The deal will see KKR purchase up to 40 billion euros of PayPal’s short-term buy-now-pay-later loans now and in the future.

Persons: Joe, Banks, John Foley, Katrina Hamlin Organizations: YORK, Reuters, Joe Public, KKR, PayPal, Citi, Thomson

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