With the US election season now underway we feature a timely debate on wealth taxes with former US Treasury secretary Larry Summers. Unlike Democratic presidential hopefuls Bernie Sanders and Elizabeth Warren, Summers is not in favour of such a tax. Instead he favours focusing on capital gains and inheritance taxes and greater enforcement of existing codes.
Staying with the US we feature a podcast on the disappearance of AAA ratings for US corporates and the elevated risks this leaves in the event of an economic downturn. Only two US corporates currently have a AAA rating. Can you name them?
Our next two podcasts have a more international flavour. Principal Global Investors discuss their bullish case for international equities, including in Asia, despite the coronavirus. Next up is a discussion on tech (and talent) clusters with Harvard Business School expert Bill Kerr. This seems particularly relevant for the UK right now given the focus on levelling up the regions.
Finally, we couldn’t resist including another climate change podcast this week. This discussion by Goldman Sachs gives different takes on tackling carbon pricing and how to think about ESG strategies as the space becomes more crowded.
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