Three decades after private-equity firms transformed American business, American politics is finally catching up — breathless and bewildered. For the past week, the spotlight of the presidential campaign has fallen on Mitt Romney’s 15 years as an executive at the private-equity firm Bain Capital. President Obama has at times portrayed Romney, his likely GOP challenger, as a kind of pinstriped vampire who sucked profits out of hapless companies while factories closed and workers suffered. Read full article > >

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Both parties struggling with how to talk about private-equity industry

Success of the SpaceX rocket would mark a key step in efforts to turn over some missions to the private sector.

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SpaceX’s Private Cargo Rocket Heads to Space Station

President Obama said that Mitt Romney’s claims to being a strong business leader made his background at the private equity firm worthy of a serious debate.

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The Caucus: Obama Defends Attacks on Romney’s Work at Bain

The launch of a rocket owned by the private company SpaceX and carrying cargo for the International Space Station was aborted at the last second early Saturday.

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SpaceX Rocket Launch Is Aborted at the Last Second

The US Army private accused of leaking classified documents to Wikileaks defers a plea on 22 charges at the start of his court martial.

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Wikileaks accused enters no plea

The Supreme Court rules that it will decide whether private investigator Glenn Mulcaire must reveal which journalists asked him to hack phones.

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Mulcaire granted evidence appeal

The Congressional Budget Office has found that the federal government pays slightly more in average wages and significantly more in benefits than the private sector. But the advantages mostly accrue to less-educated workers, while compensation for federal employees with professional and doctoral degrees lag significantly behind their private-sector counterparts. Read full article > >

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CBO: Federal workers make more than their private-sector counterparts

IF ANYTHING COULD trip up former Massachusetts governor Mitt Romney in his pursuit of the Republican presidential nomination, it might be the charge that he and the private-equity firm he co-founded, Bain Capital, got rich dismantling companies and destroying jobs. This line of attack hits Mr. Romney at his strong point — his private-sector experience. Read full article > >

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Editorial Board: The peculiar debate over Mr. Romney’s business record

GENEVA — Swiss National Bank Chairman Philip Hildebrand resigned abruptly Monday, bowing to a public uproar over his private currency deals just as a Swiss parliamentary committee was preparing to grill him behind closed doors. Hildebrand’s resignation took effect immediately, Switzerland’s central bank said in a brief statement. Read full article > >

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Swiss National Bank chief Hildebrand resigns amid uproar over private dollar trades

A super PAC plans to attack Mitt Romney’s work with the private equity firm Bain Capital, using clips from an anti-Romney film and money from casino mogul Sheldon Adelson.

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Pro-Gingrich PAC Details Ads Against Romney’s Bain Role

The government is to publish proposals to curb “unjustified and irresponsible” pay rewards in the private sector, Nick Clegg has said.

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VIDEO: Clegg signals boardroom pay curbs

The government is to publish new proposals to limit “unjustified and irresponsible” pay rewards in the private sector, Nick Clegg says.

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Clegg signals boardroom pay curbs

Author JK Rowling tells an inquiry into media ethics the scale of media intrusion on her private family life.

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Press targeted children – Rowling

A new government rule allows Cubans to buy and sell used vehicles freely for the first time in half a century, part of President Raúl Castro’s effort to remodel a hobbled economy and spur the private sector.

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Relenting on Car Sales, Cuba Turns Notorious Clunkers Into Gold

David Cameron has no plans to change laws which require the government to seek Prince Charles’ permission to pass legislation which could affect his private interests, Downing Street says.

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Charles consent law ‘to remain’