MIAMI — Daniel Habibian worries about climate change. His clothing boutique in Miami Beach’s iconic South Beach neighborhood sits just a few blocks inland from the Atlantic Ocean. Rising seas threaten to swallow much of the Miami metro area in the coming decades as the world continues to warm and faraway ice…

President Joe Biden said he will debate former President Donald Trump ahead of this year’s election, though he said he didn’t know in what format. “I am, somewhere. I don’t know when,” Biden said when asked by interviewer Howard Stern whether he planned to debate his predecessor. “I’m happy to…

Many private and ESOP-owned companies are adopting one of private equity’s core strategies, namely, growing through acquisitions. As I wrote in my previous blog,[1] this makes sense: To be successful, ESOP-owned and private businesses must continue to offer career opportunities for their talent, increase revenue faster than inflationary costs, and…

The bankruptcy of apparel retailer Express, Inc. was long in coming and widely anticipated. Like the year-ago wreck of Bed Bath & Beyond (BB&B), the Express story sounded familiar at first–Wall Street vulture capitalists plundering another debt-hobbled enterprise. In the case of BB&B, the untapped value was not in the…

A lack of US housing has fenced off most would-be buyers, but two states are dealing with the opposite problem — an overflow of homes.According to Redfin, Florida and Texas have properties stagnating on the market, as demand is shifting away from these areas. Cape Coral and North Port, Florida saw…