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Golden Goose’s $2,000 Sneakers Are a Rare Win for Private Equity

2025-12-23 12:30:08

Golden Goose SpA is an Italian maker of distressed-looking sneakers that can set you back $2,000 for a crystal-studded pair. The more than €2.5 billion ($2.9 billion) price its private equity owner just snagged for the business is more opulent than shabby, too.

The Hedge Fund Set Can’t Resist the Lure of Dubai

2025-12-23 12:00:08

Should emigration, rather than immigration, be the real concern for aging rich societies in 2026? I’ve lost track of the anecdotal evidence of disaffected working-age contacts relocating from the UK or France to the United Arab Emirates or Switzerland for more predictable — read lower — taxes. Fund managers are more likely to analyze Milan and Dubai as places to move to than investing markets. And the fight for talent is only getting tougher, with former British Prime Minister David Cameron rece

The Year’s Most Indelible Images Were Real, Not AI

2025-12-23 05:46:15

Although artificially generated slop dominated 2025, authentic moments also kept us suspended in disbelief.

Here’s the Bad Climate News You Missed This Year

2025-12-23 04:00:08

It might have seemed in 2025 that every piece of bad news for the global climate and energy transition had some sort of connection to President Donald Trump. If only it were so simple.

Islamic State Isn’t Back in Asia, But Its Ideas Endure

2025-12-23 03:00:08

The deadliest domestic terror attack in Australia’s history is raising an uncomfortable question: Is there an Islamic State revival in Asia?

The Economy Needs a Little Bit of Unfairness

2025-12-22 20:30:08

There are a lot of reasons, some deserved and some not, for Americans’ distrust of their institutions. Lately I have been thinking about one of the more counterintuitive ones: Our schools, governments and even employers are trying too hard to make things fair.