news, federal-politics, jack waterford, federal budget, budget 2020, 2020 budget, capitalism, invisible hand, trickle-down

The coronavirus recession budget involves many opportunities to use the word unprecedented, but here’s one not being mentioned. This is the biggest budget, proportionately, ever devoted by a Western economy to the fundamental theory of modern capitalism: the theory of the hidden hand. Never has such a budget made it easier for a private sector entrepreneur to invest or spend money; indeed, if the investment is into someone else’s goods and services, and the spending produces a job for another, the government will handsomely subsidise it. One might think that any business, or any person, with a viable idea for developing a business able to make profits has never had it as easy as they will have it once the budget is adopted. Just to make things easier, a vast number of Australian consumers will be

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  • “I’m a capitalist — got to make money, otherwise the business, the institution, is not sustainable,” billionaire businessman Arthur Blank told CNBC.
  • But the Home Depot co-founder added, “if you don’t care about people, profit and the planet at the same time, profitability by itself isn’t really enough.” 
  • “And the truth of the matter is, you can have them both, and I think we should have them both,” Blank said on “Power Lunch.”

Atlanta Falcons owner Arthur Blank on Milton Friedman’s belief in the primacy of profits

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Billionaire businessman Arthur Blank told CNBC on Monday that businesses must care about more than just profitability, suggesting social responsibility should also be an area of emphasis.  

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“If you don’t care about people, profit and the planet at the same time, profitability by itself isn’t really enough,” Blank said on “Power Lunch.” “And the truth of

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Mr. Michel began to tell his story to local business publications, and it resonated. “There weren’t many voices, Black voices, that were asserting themselves in this space,” he said. “I happened to be one that someone caught wind of.”

A report in Black Enterprise Magazine was spotted by the mother of a reporter for TechCrunch, who then contacted Mr. Michel for an article. “That was the interview that changed the future of Black Founders Matter, because she asked what I wanted to do besides sell T-shirts,” he said. Without hesitating, he blurted out an idea about starting a venture fund for Black-owned start-ups. When the reporter asked how much money he would raise, he picked a number — $10 million — and was surprised when it became the headline.

Mr. Michel’s advisers — including Mr. Turoczy — saw an opportunity for him.

“They said: ‘We love what you’re doing and

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special purpose acquisition company (SPAC) is a publicly traded shell company that raises capital with the intent of acquiring a private business. SPACs have become an intriguing alternative for companies that want to go public because they allow that to happen much faster than with an initial public offering (IPO).” data-reactid=”12″A special purpose acquisition company (SPAC) is a publicly traded shell company that raises capital with the intent of acquiring a private business. SPACs have become an intriguing alternative for companies that want to go public because they allow that to happen much faster than with an initial public offering (IPO).

(NASDAQ: FSDC) is the latest SPAC to hit the public markets, having completed its IPO on Aug. 14. It’s led by Dr. Jim Tananbaum, who has a proven track record as an entrepreneur and investor.” data-reactid=”13″FS Development (NASDAQ: FSDC) is the latest SPAC to

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New York, NY – ( NewMediaWire ) – September 02, 2020 – With the coronavirus pandemic currently wreaking financial havoc across the globe, an increasing number of people are looking to  find alternative investment strategies  through which they can minimize their risks as much as possible. In this regard, it is worth noting that ‘asymmetric investing’ is a strategy that makes use of several alternative trade philosophies — as a result of which the payoffs involved are also quite unpredictable.

To be even more fundamental, asymmetric investing refers to a probability or outcome of a trade that can generate “more profit than loss or risk taken to achieve the profit” — which is a simple way of saying that the overall upside associated with a particular deal quite heavily outweighs the potential downside loss.

What is Insider?

In its most basic sense, CapEX Insider can be thought of as a 

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