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Mostly absent from the ongoing debate over the private equity  industry is any realistic assessment of its actual history. Its loudest defenders ignore the dark uses of planned bankruptcy, state subsidy, and tax avoidance by firms like Bain Capital to maintain superprofits. Without criminal violence and extortion, such conduct can be perfectly legal.

But in fostering growth – or creating jobs – it isn’t clear “just how this predatory style differs from what the mob used to call a bust-out scheme,” as observed here last January. To lillustrate the parallels, listen to these classic Mafia characters describing their traditional business practices in plain language:

Via The Huffington Post

Official White House Photo by Tia Dufour

Three states that narrowly swung from Barack Obama in 2012 to Donald Trump in 2016 seem likely to swing back in 2020. Polling currently gives a consistent and solid lead to Democrat Joe Biden in Michigan, Pennsylvania, and Wisconsin.

Should Biden carry all three of these swing states and keep all of the states Hillary Clinton won in 2016, he will win an Electoral College majority and the presidency.

According to RealClear Politics' polling average, Biden currently enjoys a 4-point lead in Pennsylvania, a 6.4-point lead in Michigan, and a 6.7-point lead in Wisconsin.

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