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...Joshua Chaffin argues it also captured the modern reality of the city: a metropolis that is both fraying and rejuvenating itself....
...He oversaw the $574m acquisition of Stuart Weitzman footwear in 2015 — Coach’s first purchase since it was founded in 1941 — and the $2.4bn deal for Kate Spade in 2017....
...“This represents the ‘crowding out’ of spending as a result of the demands of the pension system,” says Joshua Rauh of Northwestern University....
...Additional reporting by Andrew Parker in London and Hal Weitzman in Chicago...
...Professor Joshua Rauh of Northwestern University’s Kellogg School of Management, says public sector unions have resisted measures to make the costs of these schemes more transparent....
...Joshua Chaffin in Brussels, Mark Odell in London, Jeremy Lemer in New York and Hal Weitzman in Chicago...
...Joshua Rauh, of Northwestern University’s Kellogg School of Management, notes that states generally assume their investments will generate 8 per cent returns a year....
...Joshua Rauh, associate professor of finance at the Kellogg School of Management at Northwestern University said that, without reform, some state pensions might run out within the decade....
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