Senator Probes Private Equity Role in Childcare Crisis
#ChildcareCosts #PrivateEquityA senator investigates if private equity ownership drives rising childcare costs. He cites studies linking Wall Street-backed centers to staffing shortages, lower wages, and higher prices. Two major childcare companies are asked to provide operational details. read more
Private Equity Firms Criticized for Impact on Healthcare Quality
#UShealthcare #privateequityA government report from the US Department of Health and Human Services condemns private equity firms for their role in declining healthcare access, citing a 11% increase in patient deaths due to private equity investments in nursing homes. read more
NFL Allows Private Equity Investment in Teams, Risks Transformation
#NFL #PrivateEquityThe NFL has permitted private equity investment, ending its resistance to institutional capital, limiting initial investment scope. This move raises concerns of future commercialism and revenue-focused ownership, echoing issues faced by European soccer; the cautionary tale highlights the need for balance. read more
Private Equity Firms Channel US Workers' Savings Into Fossil Fuels
#PrivateEquity #FossilFuelsPrivate equity firms invested $1tn in the energy sector since 2010, using public workers' retirement savings in fossil fuel projects creating a billion tonnes of emissions annually. Researchers found transparency lacking, with firms like EIG and Carlyle heavily involved in high-emission assets. . read more