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Roads To Riches (or We've Got a Bridge in Brooklyn to Sell You--Seriously) -- Why investors are clamoring to take over America's highways, bridges, and airports—and why the public should be nervous.--...a slew of Wall Street firms—Goldman, Morgan Stanley, the Carlyle Group, Citigroup, and many others—is piling into infrastructure ... Assets sold now could change hands many times over the next 50 years, with each new buyer feeling increasing pressure to make the deal work financially. It's hardly a stretch to imagine service suffering in such a scenario; already, the record in the U.S. has been spotty. ...
posted by amberglow on Apr 29, 2007 - 107 comments

"It's good policy and good business." NYC's Employees Retirement System (5 funds managing $78.6 billion in holdings) is targeting Fortune 500 companies to adopt policies that specifically bar discrimination based on sexual orientation. One of them, CSX Corp., didn't even wait for their shareholder meeting, but immediately amended their policy in response. These funds recently had great success after a decade-long battle with Cracker Barrel Restaurants--infamous for firing gay and lesbian employees because they don't “demonstrate normal heterosexual values." Here's wishing an especially happy holiday to employees of those companies that have stopped discriminating and hopes for many more to join in. More info on this "shareholder activism" at The Equality Project.
posted by amberglow on Dec 24, 2003 - 4 comments