actually point out on the private side some infrastructure asset plays. Yes. Yes.Absolutely. Our infrastructure asset class did great this year. Also double digit returns.Does the strategy change do you think in the years ahead. Well, it's hard to, you know, whatever. These are volatile times, but long-term investors are trying to match where the market's growing.Um, of course, infrastructure is going to keep growing. Um, and yes, we actually did a big secondary sale in our private equity portfolio, $5 bill ...

Fiscal Policy & Social Safety Net - The Trump administration's tax cuts, while benefiting some, are funded by reducing support for programs like Medicaid, impacting vulnerable populations [1] - These tax cuts represent the largest cutback in the U S social safety net in history relative to GDP, exceeding Reagan's 1981 cuts and Clinton's welfare reform [2] - An estimated 10 million to 12 million people could lose Medicaid benefits, affecting access to ancillary services like transportation to hospitals and rehab facilities [3] - Reduced government support may lead to increased healthcare costs for everyone, as people seek care later and in more critical conditions [5] - The bill shifts wealth from the poorest to the wealthiest, raising concerns about its macroeconomic impact and long-term growth [7] Economic Impact & Investment - Deficits resulting from the bill could damage the economy by cutting back on R&D, education, and infrastructure investments [8] - A proposed $1,000 savings account for newborns may be too small to significantly impact families' lives, with administrative costs potentially outweighing benefits [9][10] - The US invests a lower percentage of its GDP in early care and education compared to other developed countries [11] - Market forces alone cannot solve the childcare crisis, necessitating government intervention and public support [12][13] Generational & Societal Concerns - Younger families face greater economic strain due to debt, housing costs, and healthcare expenses that have outpaced inflation [14][15] - Borrowing to fund the bill poses risks to the economy that may outweigh the benefits of new programs, potentially harming future generations [17]

>> NEWLY, NEWLY RELEASED DATA SHOWS THAT YOUNG WOMEN ARE WORKING AT NEARLY RECORD RATES. A STUDY FROM THE HAMILTON PROJECT LOOKED AT WORKFORCE PARTICIPATION OF SO-CALLED PRIME AGE MEN AND WOMEN. AND THAT RESEARCH FOUND YOUNG WOMEN NOW ARE ARE MORE LIKELY TO WORK THAN THE SAME AGE GROUP YEARS AGO.NEARLY 78% OF WOMEN IN THEIR 20S AND 30S ARE WORKING. INTERESTINGLY, THE OPPOSITE IS TRUE FOR MEN. THE STUDY FOUND THAT A SMALL BUT GROWING SHARE OF PRIME AGE MEN ARE ACTUALLY TAKING ON MORE OF THE CAREGIVING WORK A ...