Faith Hahn

Blue Cross and Blue Shield began as nonprofits that insured all comers. But as big profit-seeking insurers targeted younger and healthier people, the Blues were left to insure the older and less healthy, which made it impossible for them to continue. They turned to making money. Now, private equity runs hospitals, into the ground.

And “indie,” in the current day, doesn’t necessarily mean “small”: the big-tent Beggars Group (4AD, Matador, Rough Trade, XL, and Young Turks) is inarguably a major business. North Carolina’s Merge Records has had multiple Billboard top tens, and is distributed by a NASDAQ-listed public company that counts among other clients Walmart, Target,... See more

And well contrived words, firm fixing, never forgotten,

Music has emerged as private equity's recession-resistant darling, thanks to streaming's predictable revenue patterns and live entertainment's remarkable post-pandemic resilience.