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It’s 14 February, in theory the most romantic day of the year, but not so fun if you’re single. Is there a rational way to find love in the era of big data? Justin Rowlatt presents Business Daily on the BBC World Service and has spoken to a multi-millionaire Ed Conard, who says he has the business-like answer. We also hear from Dr Helen Fisher from the Kinsey Institute, who is also the scientific advisor for the dating site Match.com. She tells us about the science behind attraction. Read more about Ed Conard here: https://www.bbc.co.uk/news/business-47230107 Producers: Philly Beaumont, Duncan Barber, Jaja Muhammed. Editor: John Shields. Mixed by Nicolas Raufast.
Should your head trump your heart when seeking lifelong love? That's the challenge Business Daily's Justin Rowlatt has taken on for this Valentine's Day.The hyper-rationalist businessman Ed Conard thinks he knows the answer, and his strictly mathematical strategy for romance is called "sequential selection, no turning back". He used it to meet his wife of the last 20 years, Jill Davis.But is Ed's approach right for everyone? Justin hears sceptical voices from two very different quarters - romantic novelist Nicola Cornick, and Nobel prize-winning economist Alvin Roth. And what about Jill? What's it like to be on the receiving end of such a calculated courtship?Producer: Laurence Knight(Picture: Jill Davis and Ed Conard; Credit: Patrick McMullan via Getty Images)
Last month Dutch historian Rutger Bregman told the billionaires at the World Economic Forum in Davos they should think less about philanthropy and instead pay more tax. The clip of his speech went viral. He comes on the programme to argue his point with Ed Conard, a visiting scholar at the American Enterprise Institute and author of the book The Upside of Inequality, who says higher taxes just stop people innovating.(Photo: Rutger Bregman, Credit: Getty Images)
Ed Conard is an AEI visiting scholar who authored two top 10 New York Times bestselling books: The Upside of Inequality: How Good Intentions Undermine the MiddleClass (2016) and Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012). He has written op-eds for most major news outlets and has made hundreds of media appearances. He is a retired partner at Bain Capital, where he headed the firm’s New York office. On this episode, Ed corrects the misconceptions about the middle-class wagers being squeezed by the top 1% as we are all made to believe. He gives a fresh perspective of the upsides of inequality relative to economic growth. He also shares his vision of what the U.S. economy would be like in the next couple of years. At the end of this episode, Ed discloses his own personal portfolio including how he manages his money and where he invests. Where we are: Johnny - Bulgaria Sam - Florida Links: Edwardconard.com Books: The Upside of Inequality: How Good Intentions Undermine the Middle Class Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong Time Stamps: 04:30 – The Middle Class vs. the Top 1% 06:21 – What’s driving slow growth for the middle class? 09:32 – Understanding the American economy 16:04 – Measuring GDP 18:57 – Financial stability of households now and then 23:30 – American households’ savings 26:44 – Taxes on Government Services 30:02 – To what point will taxes slow down growth? 33:38 – His stand on the Trump Economy 35:12 – What he sees in the future economy 38:32 – Ed’s personal asset allocation 41:09 – Long-term upsides of inequality If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.
Hour 1: Evan McMullin joins the show to talk about his third-party candidacy. Hour 2: Darrell Castle of the Constitution Party talks about his bid for the presidency. Hour 3: Ed Conard talks about his new book, "The Upside of Inequality". Learn more about your ad choices. Visit megaphone.fm/adchoices
Jason Hartman and Ed Conard, founding partner of Bain Capital, discuss the current economic situation facing America. Conard is the author of Unintended Consequences: Why Everything You've Been Told About the Economy is Wrong, and The Upside of Inequality: How Good Intentions Undermine the Middle Class. The conversation includes discussion on CEO pay, the tech industry, and the impact of current regulations on competition in the marketplace. Key Takeaways: [1:28] Ed the tremendous growth Bain Capital was able to achieve while he was there with Mitt Romney [3:30] Bain Capital offered clients the ability to invest in capital management and management supervision deals [5:07] Bain Capital also used a higher risk strategy, which allowed them to capitalize on investments in undervalued assets. [7:21] The Upside of Inequality explores the American workers productivity [12:18] The US economy is accelerating and the Fortune 400 continues to have turnover, which are both good signs for our country [14:47] CEO pay may grab headlines, but it may not be quite so outlandish [19:36] Tech companies pay less taxes and have fewer regulations [21:22] Profitability in the tech sector continues to grow [22:23] There's a profitability squeeze in most of the economy [24:45] Trained talent and risk tolerance are the limiting factors to growth in this new economy. Website: www.EdwardConard.com www.twitter.com/edwardconard
Jason Hartman talks with Ed Conard, economist, and founding partner of Bain Capital, alongside Mitt Romney. Jason and Ed talk about his New York Times Bestselling book Unintended Consequences: Why Everything You've Been Told About the Economy is Wrong, along with his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss CEO pay, the technology sector, and why regulations tend to hurt companies trying to get started. Key Takeaways: [1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth. [3:30] Bain Capital gave clients the opportunity to invest in capital investment and management supervision related opportunities. [5:07] Bain Capital also provided a higher risk strategy, so they could capitalize on investment opportunities of undervalued assets. [7:21] The Upside of Inequality tackles the productivity of the American worker [12:18] The US economy is picking up, and Fortune 400 companies continue to turn over, suggesting companies aren't just negotiating for a bigger piece of the pie [14:47] People may find it hard to believe, but CEO pay may not be as ludicrous as it appears [19:36] Compared to other sectors of the economy, tech companies pay less taxes and have much looser regulation [21:22] Tech sector profitability has been amazing [22:23] The economy is squeezing the profitability out of most other sectors. [24:45] The way to grow in today's economic landscape is to have trained talent and the willingness to take a risk Website: http://www.edwardconard.com https://twitter.com/edwardconard
Mark Twain is often quoted as having said, “It's not what you don't know that gets you in trouble. It's what you know for sure that just ain't so.” Ironically, there is no evidence Twain ever said or wrote this line, but we can still reflect on its implications for today's most contentious economic debates. In the case of rising economic inequality, conventional wisdom (coupled with noble motives) has produced policies that hurt the very people they are intended to help: the poor and middle class. Ed Conard – founding partner at Bain Capital and visiting scholar at the American Enterprise Institute – takes aim at what he sees as a wrong-headed redistributionist mindset in his latest best-selling book, The Upside of Inequality: How Good Intentions Undermine the Middle Class (Penguin). Conard goes beyond an apology for "the 1%" in explaining the real drivers of persistent poverty and relative stagnation of the American middle class. Though counter-intuitive, his insights are essential to improving policy, and the uncertain economic outlook. Conard joins to the show to help listeners understand the economic landscape like never before.
Jason Hartman talks with Ed Conard, economist, and founding partner, with Mitt Romney, of Bain Capital. Conard wrote the New York Times Bestselling book Unintended Consequences: Why Everything You've Been Told About the Economy is Wrong and his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss the misunderstandings on CEO pay, why the technology sector is doing so well, and how current regulations tend to benefit the big players in the market. Key Takeaways: [1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth. [3:30] Clients of Bain Capital were given the opportunity to invest in capital investment and management supervision related opportunities. [5:07] The company also utilized a higher risk strategy, which allowed them to take advantage of investment opportunities of undervalued assets. [7:21] The Upside of Inequality delves into American workers productivity [12:18] The US economy is accelerating and we don't see a stagnant Fortune 400, which means companies aren't just negotiating for a bigger piece of the pie [14:47] While the headlines make it seem ridiculous, CEO pay may not be quite as outrageous as it appears [19:36] Tech companies pay less taxes and have lax regulation, especially when compared to other sectors, who have to continuously look for loopholes to give get a competitive advantage. [21:22] The rise of profitability in the tech sector has been extraordinary. [22:23] The economy is squeezing the profitability out of every most other sectors. [24:45] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy. Website: http://www.edwardconard.com https://twitter.com/edwardconard
Edward Conard is the author of the New York Times top-ten bestselling book, Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012), and his recent book The Upside of Inequality: How Good Intentions Undermine the Middle Class which reached #7 on the New York Times Bestsellers list and is #1 on the New York Times business book list month. He is a visiting scholar at the American Enterprise Institute. and former Bain Capital partner. Ed Conard has debated economists, policymakers and journalists on topics related to inequality, the 2008 mortgage crisis, and the U.S. budget. He has appeared on television over 150 times, most notably when he debated Jon Stewart in one of the longest interviews in the Daily Show’s history. Ed has also written opinion pieces for the Wall Street Journal, The New York Times, Foreign Affairs and many other respected publications. Check out all the links, books and resources mentioned by ed conard at www.economicrockstar.com/edwardconard.
Carrier deal in Indiana: good or bad? New sheriff in town? Trade policy to help workers: Ed Conard Everyone wins w/ Trump's across-the-board tax cuts. 78% go through biz. Top 1% earns 19% of income but pays 38% of taxes. Why punish success? Pence promises ambitious agenda. End ACA, immigration, SCOTUS appointment, tax reform, military build-up. Wm F Buckley Jr best eulogies: "A Torch Kept Lit" by James Rosen. Jobs report OK. Fed hikes in December. Trump appoints 5 Fed governors: monetary rule? Richard Clarida weighs in. Stocks slip. Bond rates rise. Profits better. Trump growth vision. Everything changes?
Edward “Ed” Conard is the author of two top ten New York Times bestselling books: The Upside of Inequality: How Good Intentions Undermine the Middle Class and Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012). Before Ed was the author he is today with top-selling books, he was just an average high school student who didn’t try hard at being a good academic. He went on to college, however, and earned a degree as an engineer because he was good at math. He went on to take a good job, but then was laid off. When Ed saw a friend got into a top-tier university he decided to apply and got in. He had a long run at a few great jobs, but he didn’t really stick with any of them. He even worked with Mitt Romney at Bank Capital… for free. You’ll have to hear this part of his story!! It is amazing. The numbers he was dealing with were absolutely mind-blowing. Ed became a partner in Bank Capital for specific reasons, one of which was his ability to close deals. But he was just a guy feeding his family in a way. It wasn’t the income that motivated him. You want to know what did? You’ll have to listen to this interesting episode of the Cash Flow Diary podcast. Learn more. LISTEN NOW.
My guest today is Ed Conard, here to discuss his recent book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. He is a visiting scholar at the American Enterprise Institute and a former managing director at Bain Capital. His 2012 book, Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong was a New York Times bestseller. Because his business partner Mitt Romney was running for President at the time, many people expected the book to be a defense of the one percent. It wasn't, but this new book is! We had a wide-ranging discussion that touched on inequality, immigration, entrepreneurship, finance, and housing.
Guest Ed Conard is an economist who worked with Mitt Romney at Bain Capital, he is the New York Times Bestselling Author of Unintended Consequences: Why everything you've been told about the economy is wrong and his upcoming book, The Upside of Inequality: How Good Intentions Undermine the Middle Class promises to educate and enlighten. Discussions during this podcast include misnomers about CEO pay, why the technology sector is wildly profitable and how a complex web of regulations may be only benefiting the big players in the market. Ed Conard Guest Interview: [3:52] Ed Conard worked at Bain Capital with Mitt Romney during which time they experienced exponential growth. [5:54] The two types of opportunities people invested with Bain Capital are capital investment and management supervision related opportunities. [7:31] Bill Bain used a higher risk strategy and took advantage of undervalued investment opportunities. [9:45] The Upside of Inequality showcases the productivity of the American work force. [14:42] Is negotiating for a bigger piece of the pie accelerating the US economy? [17:11] CEO pay may not be as outrageous as the headlines lead us to believe. [22:00] The tech sector pays less taxes and has minimal regulation as compared to other sectors who are constantly looking for regulatory loopholes to give them a competitive advantage. [23:46] The rise of profitability in the tech sector has been extraordinary. [24:47] The economy is squeezing the profitability out of every most other sectors. [27:09] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy. Mentioned in This Episode: Jason Hartman - Now with New Features! Hartman Education Edward Conard @edwardconard on Twitter
If there is a central political principle that organizes what little policy debate there is in this election it seems to be centered around the idea of “income inequality.” From the embrace of Bernie Sanders by millennials, to boomers and traditional Democrats embracing of Clinton, right on through the angry, populist rage that makes up the core of the Trump supporters. So if this is the core idea embedded deep in the national psyche and we agree in a modern sense that crowdsourcing matters, then how could it be wrong? Bain Capital co-founder and former Mitt Romney adviser Edward Conard thinks it’s all wrong. He argues that it’s the one-percent that’s keeping our economy moving forward. In his book The Upside of Inequality: How Good Intentions Undermine the Middle Class, he makes the case that it’s not a zero sum game and that the the success of the one-percent is not what’s holding back the economic growth of the middle class. My conversation with Ed Conard:
Om var pengarna egentligen gömmer sig, i skuggan av kris, varsel och social oro. Följ med Konflikt på spaning efter de skatter som saknas i samhällenas skattkistor - bland schweiziska bankpalats och hos förmögna amerikaner som donerar sina dollar i utbyte mot passande politik. Möt också familjen i Gudhem som räknar sin förmögenhet i en jordkällare fylld med vitkål och äppelmust. I förra veckans Konflikt special skildrade vi den våg av varsel som har dragit över Sverige under den gångna hösten. Länge beskrevs den ekonomiska krisen som ett fenomen som framför allt drabbade länderna i södra Europa - Grekland, Spanien, Italien och Portugal, men idag står det klart att också den svenska ekonomin är hårt drabbad. Och konsekvenserna, inte bara i Sverige, utan runt om i Europa, har vi skildrat i flera Konfliktsändningar under det gångna året. Men vid sidan av våldsamma demonstrationer, förtvivlade människor som inte kan betala sin hyra och uppgivna ungdomar som har förlorat all tro på framtiden har vi också undrat vart pengarna har tagit vägen. För de har väl inte bara tagit slut? För att få svaret på det så återvänder vi till några hållplatser för de pengar som uppenbarligen finns, men som saknas i de skuldtyngda ländernas skattkistor, och som också saknas i mycket av medierapporteringen kring krisens orsaker. Vi vill med hjälp av förra årets nedslag och reportage i USA, Schweiz, Italien och Tyskland skildra toppen på den ekonomiska pyramid vi alla är rädda för ska vittra sönder. Så i veckans Konflikt hör vi om skattesmitare i Milano, om svenskar som flyttar till Schweiz för att de "tjänar för mycket", om den schweiziske före detta banktjänstemannen Rudolf Elmer som läckte hemliga bankuppgifter till Wikileaks och till amerikanska skattemyndigheter. Vi gör ett wallraffande besök på privatbanken Julius Bär, och så möter vi den amerikanske dollarmiljonären Ed Conard - en av de främsta givarna till Mitt Romneys misslyckade presidentvalskampanj - som förklarar varför han anser att ekonomisk ojämlikhet är något bra. Vi reser till Bayern i Tyskland, den kanske just nu mest välmående delen av Europa, där statskassorna fortfarande är välfyllda och affärsmännen väljer att investera i guld. Slutligen gör vi också ett besök i västgötska Gudhem, där paret Petter Lindström och Camilla Lundin valt en helt annan väg men ändå tagit finansminister Anders Borg på orden: de har sparat i ladorna och fyllt förråden inför vintern. Programmen som ni hör bitar ur i veckans Konflikt går att finna i sin helhet här: Konflikts Daniela Marquardt och Lotten Collin reste runt i Schweiz för att skildra debatten om skatteparadis: Konflikt om olika länders kamp för att fånga in skattesmitare runt om i världen, och de globala konfliktytor som blivit följden: Konflikt om ett splittrat Tyskland där rikare regioner inte vill betala för sina fattigare landsmän i öst: Konflikt om pengarnas roll i den amerikanska presidentvalskampanjen som pågick under 2012. Det rörde sig om större summor än någonsin tidigare: Konflikt om valutakrigen där olika länder underminerar andra länders valuta för att vinna ekonomiska framgångar på hemmafronten: Konflikt om finanskraschens orsaker och vad människors tillit till det ekonomiska systemet spelar för roll: Konflikt om att många rikare regioner i olika hörn av Europa är trötta på att betala för de fattigare landsändarna. I Katalonien, Skottland och Flandern ställs nu krav på ökad självständighet i krisens spår: Programledare: Daniela Marquardt Producent: Lotten Collin
Om floden av pengar som sköljer över amerikansk politik. Konflikt sänder från Washington, mitt i den dyraste valkampen någonsin. Vad gör alla dollar med politiken, och med demokratin? Hör om Las Vegas griniga miljardärer, rädslan i Tennessee och Mitt Romneys kompis, som tycker att den rikaste procenten ska bestämma så mycket som möjligt. Det är drygt två veckor kvar till det dyraste valet i USAs historia. Nya regler för kampanjfinansiering gäller sedan 2010 och innebär att alla begränsningar för pengainsamling, i den politiska frihetens och yttrandefrihetens namn, är borta. Vid det förra valet gick gränsen vid 2500 dollar per person. I år kan exempelvis casinokungen Sheldon Adelson ensam skänka hela 100 miljoner dollar till republikanernas valrörelse. Det kan jämföras med de 800 miljoner dollar som Barack Obama fick in genom sin historiskt framgångsrika gräsrotskampanj 2008. Frågan är hur de nya reglerna - och pengaflödena - påverkar valet och politikens innehåll... Sveriges Radios Washington-korrespondent Ginna Lindberg började sitt sökande efter svar på dessa frågor på just ett av Sheldon Adelssons casinohotell i Las Vegas. Mycket av de pengar som sköljt in över det politiska systemet med den nya lagen om obegränsade kampanjbidrag kommer från ett mytomspunnet finansdistrikt på södra Manhattan. Wall Street har ju varit mycket i fokus i den amerikanska debatten under de senaste åren - först på grund av finanskrisen och sen på grund av protesterna organiserade av Occupy Wall Street-rörelsen och diskussionen om de växande ekonomiska klyftorna i USA - de 1 kontra 99 procenten. Under förra valet stödde Wall Street Barack Obama men den här gången satsar finansmännen sina ansenliga resurser på Mitt Romney. En av Romneys största bidragsgivare är Ed Conard, hans tidigare affärspartner på Bain Capital. Konflikts Ivar Ekman träffade honom tidigare i veckan på hans kontor i en skyskrapa på Manhattan för att ställa frågan om varför han - och Wall Street - satsar på Mitt Romney. Att pengarna i högre grad än tidigare påverkar politiken i USA märks också i den yttersta periferin av presidentkampanjen, långt bort från strålkastarljuset i Washington och de påpassade finansmännen på Wall Street. Faktum är att de nya reglerna för kampanjbidrag har fått konsekvenser där man minst anar det - som i Tennessee, countryfästet i den amerikanska södern. Hit har ingen av presidentkandidaterna ens brytt sig om att resa i år eftersom den absoluta majoriteten tveklöst kommer att rösta på Mitt Romney. Primärvalet i Tennessee hölls redan i augusti i år, och det blev ett val som förvånade alla, inte minst politikerna själva. Konflikts Lotten Collin reste till den lilla staden Murfreesboro, strax söder om Nashville. Programledare: Ivar Ekman Producent: Lotten Collin
Stansberry Radio - Edgy Source for Investing, Finance & Economics
Porter and Aaron welcome private equity guru, Ed Conard to the show. Ed was a partner at Bain Capital from 1993-1997. His experience has led him to write a new book, “UNINTENDED CONSEQUENCES: Why Everything You’ve Been Told About the Economy is Wrong.” We discuss income inequality, why investors are sitting on the sidelines, and why real wages haven’t risen with inflation.