Transcript: Steven Klinsky – The Big Picture

    The transcript from this week’s, MiB: Steven Klinsky, New Mountain Capital, is below. You can stream and download our full conversation, including any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters […]

Feudalism in America – Econlib

In my previous post, I discussed the fact that regulation was slowing the redevelopment of land in California. A recent paper by Leander Heldring, James A. Robinson, and Sebastian Vollmer (HRV) entitled “The Long-Run Impact of the Dissolution of the English Monasteries” examines a related issue.  They find that in areas where religious monasteries were broken […]

Can China fix its property crisis?

To judge by the high-rises dotted along the shore in Haiyang, a small coastal city, Country Garden’s prospects are pretty meagre. The firm, China’s biggest developer by sales, has sold few beachside flats. A handful of towers appear only partly built. A faux-German village with pointed roofs accommodates shops and restaurants, and adds a bit […]

Enrollment Declines Increase Pressure on ‘Woke’ Higher Ed

Reprinted from The Center Square Higher education is confronting a problem: its customer base is shrinking. High birth rates in the 1990s and early 2000s created large incoming classes. After reaching a peak in 2007, birth rates have steadily dropped. Births rose to 4.3 million in 2007, while this past year saw 3.7 million.  Children […]