David Rubenstein, co-founder of the Carlyle Group, is shrugging off fears of runaway inflation and concerns about looming tax hikes. The private equity billionaire is far more worried these days about the state of American democracy.
"We don't have bipartisanship. We have enormous amounts of tension between the two parties," Rubenstein, co-founder of the Carlyle Group , told CNN in an exclusive interview."It's not a good situation. I hope that we can fix it, but I don't think it's going to be fixed anytime soon."'Financial Armageddon.
"The inflation debateAnd even as another current debate rages over inflation, Rubenstein dismissed those concerns."There are bigger things to worry about than the monthly inflation rate," he said. Consumer prices have been in focus for investors: They rose in June and July at the fastest 12-month pace since 2008 before cooling a bit in August. The price hikes have in some cases wiped out pay raises for workers.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
David and Victoria's son Romeo Beckham relocates to Miami - and is following in his dad's footstepsDavid and Victoria's son Romeo Beckham relocates to Miami - and is following in his dad's footsteps
Read more »
Victoria Beckham swoons over husband David after receiving unexpected giftVictoria Beckham swoons over husband David after receiving unexpected gift
Read more »
David Bowie Estate and Warner Music Unveil Career-Spanning Catalog DealThe estate of David Bowie and Warner Music Group have announced a global partnership that will bring the late artist’s vast recorded-music catalog from 1968 through 2016 under the Warner umbr…
Read more »
David Bowie Estate and Warner Music Partner to Bring Icon's Entire Catalog to LabelDavid Bowie’s career-spanning catalog of recordings will be represented by Warner Music Group, through a new, global licensing agreement.
Read more »
Prince William Teams With David Attenborough For New Discovery Plus Series ‘The Earthshot Prize: Repairing Our Planet’Prince William and naturalist David Attenborough have teamed on a new Discovery Plus series, “The Eartshot Prize: Repairing Our Planet.” The Earthshot Prize was launched by Prince Willi…
Read more »
Strictly's Robert Webb reveals how he told David Mitchell he'd signed up for show – and it might surprise youPeep Show star Robert Webb has revealed how he told his comedy partner and friend David Mitchell he'd joined up for Strictly Come Dancing…
Read more »