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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (68360)	8/31/2007 4:00:16 PM
From: Incitatus	Respond to of 116555

We need fiscal solutions, not monetary right now. That is, instead of the Fed giving people cheap loans, Congress should just hand them cash.

To: mishedlo who wrote (68360)	8/31/2007 4:49:05 PM
From: Crimson Ghost	Respond to of 116555

Lehman taps Jeb Bush for private equityNicolette Davey 31 Aug 2007 Lehman Brothers has appointed Jeb Bush to its private equity advisory board in the latest attempt by a buyout group to influence Capitol Hill. Lehman's move to hire the former Governor of Florida and brother of President Bush follows buyout giant Kohlberg Kravis Roberts hiring two former White House aides to lobby the US federal government on tax and regulatory matters affecting private equity. US Congress is currently reviewing measures to raise taxes paid by local private equity firms and proposing fund manager’s bonuses are classed as ordinary income instead of capital gains, which would result in the tax rate increasing from 15% to 35%. According to reports filed with the US Senate, private equity firms spent $1.4m (€1m) on lobbying in 2006. In the first half of this year, the figure has almost quadrupled to about $5.5m, according to a Bloomberg report. Data from Thomson Financial’s peHub.com showed over 254 contributions from partners at private equity firms have been made during the US presidential campaign including Apollo Management, Bain Capital, The Blackstone Group and The Carlyle Group. Mitt Romney, founder of US group Bain Capital, has raised over $326,200 for his US presidential campaign, the most popular candidate among buyout houses, according to peHub.com. Bush, the younger brother of current US President George W Bush and tipped to be a future presidential candidate, was the 43rd Governor of Florida, holding the post for eight years until January. In April he joined the board of the largest US publicly owned hospital operator Tenet Healthcare. In May last year Lehman appointed Bush’s cousin, George Walker, to head up the bank’s asset management division after recruiting him from Goldman Sachs where he was co-head of the bank’s hedge fund strategies group.