Many politicians join private equity firms after leaving Washington

Private equity deals sometimes come with layoffs

To increase profits, private equity firms often try to streamline and consolidate operations within the companies they acquire as much as possible. They also often alter company business models, expanding into new product offerings and markets that could necessitate team changes.

There are ETFs that track lawmakers' stock purchases

If you can’t get enough politics in your life, why not invest like a politician? Because members of Congress are required to disclose their stock purchases, you can do just that, and the NANC and KRUZ ETFs make it even easier. NANC, referencing Nancy Pelosi, holds a basket of stocks that Democratic politicians have purchased. KRUZ, referencing Ted Cruz, holds a basket of Republican-held stocks.

Congressional turnover was far more common in the early republic

Many early lawmakers served just one or two terms before stepping aside, reflecting the ideal of the citizen legislator and the discomforts of living in Washington, DC. Longer careers in Congress became typical only later in the 19th century.

Private credit and private equity are both alternative assets

Like private equity fund managers, private credit managers typically raise funds directly from investors, lending to corporations. The borrowers can benefit from the lack of middlemen and resulting efficiency, and the lenders often yield comparatively higher returns.

Former US Senator Mitt Romney cofounded a revolutionary private equity firm

Mitt Romney cofounded Bain Capital—a private investment group that manages more than $215B—in the 1980s before becoming a politician. Bain Capital is credited with revolutionizing private equity by focusing on consolidating and streamlining business operations rather than relying on financial engineering to increase company profits.

Silicon Valley’s reign over tech, money, and politics

Tesla and X CEO Elon Musk, OpenAI CEO Sam Altman, LinkedIn founder Reid Hoffman, and others are getting into politics. From Musk’s role in President Trump’s second term to Hoffman’s spending on former Vice President Harris’ presidential campaign, more tech CEOs are expanding into politics. This podcast episode by WBUR and American Public Media discusses what the impact could be with so many tech figures engaging in American politics. Listen here.

In 2024, US private equity posted an 8.1% return

Tracked by Cambridge Associates, 2024 performance saw limited partner distributions overtake contributions for the first time in years. Cambridge Associates, a leader in the space, typically uses a 2.0x+ MOIC (Multiple on Invested Capital) as a benchmark for top-quartile PE fund success.

Climate change skepticism and business interests politicized environmental protection

The EPA was created under a Republican administration with bipartisan support in response to overwhelming public demand during a time of visible pollution and environmental crises. Beginning with President Reagan, the agency was recast as burdensome, and environmental regulations have been gradually rolled back.

As of 2022, Congress was more ideologically polarized than at any point in 50 years

Research from the Pew Research Center indicates that Democrat and Republican lawmakers have become more ideologically unified internally while moving further apart overall—with Republicans shifting to the right faster than Democrats have shifted to the left.

Economists warn that private schools can negatively affect public schools

Lower public school enrollment often means less public school funding. Private school parents, however, frequently argue that public schools simply aren’t offering the right education for their children. This podcast episode investigates that back-and-forth in San Francisco, where 30% of children attend private schools, nearly three times the national figure.

Some politicians have argued that Social Security should be privatized

Specifically, some assert that diverting funds into self-directed retirement accounts should replace Social Security taxes and benefits to some extent in a privatized retirement savings system. This article details the pros and cons of privatizing Social Security.

George Washington used his Farewell Address to explain his departure and warn the nation

In his 1796 Farewell Address, Washington explained that stepping aside from the presidency would set a republican example of limited power. He also warned against political parties, regional divisions, and permanent foreign alliances that could threaten national unity and independence.

In 2018, roughly one-third of Yale graduates went into either finance or consulting

Every year, top consulting firms head to career fairs at Ivy League universities like Yale across the country. They end up recruiting a significant population of the student body by graduation.

Independent redistricting commissions aim to take politics out of the map-drawing process

In several states, citizen or bipartisan panels draw congressional and legislative districts based on neutral criteria like population and geography. Learn more about how these commissions increase competitiveness in elections.

Despite being favored by 87% of Americans, Congress does not have term limits.

Why everyone is openly discussing pay

In 2021, Colorado became the first state in the US to require public disclosures of salary ranges. Flash forward a few years, and other places in America would get salary transparency laws, too, like Washington state, New York City, and California. But the salary transparency movement might have a downside: Some researchers believe it could hurt wage growth for workers over time. Watch this video to learn more.

The favorite restaurants of former US presidents

Curious about the eating habits of past commanders-in-chief? From George Washington to Barack Obama, discover the food preferences of former US presidents. Find out who liked to go out vs. stay in, where they frequented, what they ordered, and how they spent their time in each establishment.

Why Ray Dalio thinks the US deficit is a political problem

Dalio frequently argues that debt cycles are inevitable and a tradition of every empire. However, he said in 2025 that the US was headed for a debt crisis. Dalio says that while Republicans and Democrats agree on the math of the debt crisis, all politicians make promises to neither increase taxes nor cut government benefits—which Dalio says can't close the deficit.

Thomas Hofeller was the GOP strategist known as the 'master of gerrymandering'

Republican consultant Thomas Hofeller quietly shaped US politics for decades by engineering partisan maps nationwide. His files, released after his death, revealed strategies to maximize GOP advantage and diminish Democratic influence.

An excellent look at how Democrats lose working class voters.

Democrats fear they are losing white swing voters over racial politics. Three studies suggest that the party’s elite culture may be the real problem.

Parton is famously apolitical

Unlike some of her contemporaries, Parton refrains from expressing her political opinions publicly or endorsing political candidates. President Donald Trump offered her the Presidential Medal of Freedom twice, but she declined both times. After Sen. Elizabeth Warren (D) used Parton's song “9 to 5” at a campaign event, Parton’s team requested that Warren stop using it.

In 2025, four executives from large tech companies were given positions in the US Army Reserves—including Palantir Chief Technology Officer Shyam Sankar, which reinforced Palantir's ties with the US military and its role as a leading defense partner.

Seven of South Korea's presidents have left office before their term ended

Recently removed President Yoon Suk Yeol isn’t the first South Korean leader to face turmoil at home. As this Voice of America piece shows, at least seven of the country’s 20th-century heads of state saw their political careers (and, in some cases, their lives) come to an abrupt and sometimes violent end.

Electors are chosen by states and political parties

This article explains how the Constitution leaves most rules for choosing electors to the states. Today, parties typically select elector slates through state conventions, rewarding loyal supporters who formally cast votes weeks after Election Day.

A landmark hedge fund court case once reshaped high finance

Hedge fund traders tied to insider trading by probing prosecutors are relatively rare. When billionaire hedge fund legend Steve Cohen, founder of SAC Capital, pleaded guilty to trading on inside information, Wall Street trembled. The outcome of the case remains a cautionary tale for traders today.

After FDR was paralyzed by polio in 1921, Eleanor Roosevelt became active in politics and supported his political ambitions

FDR contracted polio at age 39 and permanently lost the use of his legs. Eleanor Roosevelt persuaded him to stay in politics, then took on the task of maintaining his public profile—attending events, building relationships, and serving as his "eyes, ears, and legs" across the country.

A growing number of Americans are leaving trust funds behind for their pets

A pet trust ensures that an animal receives financial support and care if its owner can no longer care for the pet. Some lucky dogs have inherited millions of dollars from their owners.

Hedge funds, the private investment firms that trade a wide swath of financial assets, make money by imposing steep fees on investors and from the fund's investment performance.

The rivalry between Alexander Hamilton and Thomas Jefferson centered on federalism—the question of how much power the federal government should hold relative to the states.

An initial public offering or 'IPO' is the process of a private company becoming public by putting shares of the company on the stock market for purchase.

Gerrymandering works through two techniques: cracking opposing voters across districts to dilute their power, and packing them into a few to waste their votes in lopsided majorities.

A Yale student wrote a profound essay about the consulting industry's influence on elite college students that was published in a book of her writing after she died in a post-graduation car accident.

Before the current East Wing ballroom project, only two White House renovations in the past 100 years cost more than $10M.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

The idea for the Federal Reserve was conceived in secret in 1910—with bankers donning duck hunt gear for disguise while traveling to a remote country club on Georgia's Jekyll Island

Dozens of S&P 500 stocks, including Coca-Cola and Walmart—known as the dividend aristocrats—have increased dividends every year for 25 years

Watch this video that uses Lego bricks to explain how venture capital works.

American short story writer Flannery O'Connor raised 40 peacocks, which became potent symbols for her fiction's elegant violence

Comedy legend Catherine O'Hara, star of 'Schitt's Creek' and 'Home Alone,' quit 'Saturday Night Live' after just one week to return to her old job.

Many legends about George Washington, including his supposed wooden teeth and the story of cutting down the cherry tree, lack evidence.

Up to a million Girl Scouts sell about 200 million cookie boxes every spring, generating $800 million, largely because refusing a child is frowned upon

Watch how viruses like Ebola can spill over from animals to humans—and vice-versa.

Fish populations in the Great Barrier Reef have increased after installing waterproof speakers on the ocean floor that played recordings of sounds from healthy coral reefs.

Listen to an in-depth conversation on the links between Parkinson's disease and herbicide exposure and the challenging pace of scientific investigation.

44% of Americans say they pray at least once a day—discover how your state's religiosity stacks up against the rest of the country.

Fast-casual restaurant Chili's is experiencing a resurgence, with its parent company recently reporting a nearly 32% increase in sales, thanks to passionate Gen Z fans on TikTok.

Apollo astronauts left items in the moon's 'toss zone,' including golf balls, family photos, and bags of human waste, to make room for lunar rocks.

Lesser-known phobias include turophobia, or the fear of cheese, and nomophobia, the fear of being without your cell phone.

About 2,000 US babies are born annually without some portion of their limbs, potentially leading to a lifetime of pricey prosthetics.