Private Equity and Labor Issues in Sports and Hospitality

The IRS and U.S. Treasury Department announced today the recovery of $1.3 billion from high-income tax dodgers since last fall, citing funding from President Joe Biden’s Inflation Reduction Act as the catalyst for increased collection enforcement efforts. And we hear about the a new investigation into airline rewards programs. Plus, we discuss the value of musical-turned-movie remakes during a game of Half Full/Half Empty! And, a little PSA about 401(k)s.

Here’s everything we talked about today:

• “Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers” from The Associated Press
• “Saturn’s majestic rings will vanish in just six months from now” from Earth.com
• “The impending private equity blitz on NFL teams” from “Make Me Smart” newsletter
• “Airlines such as American, United, Delta, face DOT investigation over rewards programs” from Fox Business
• “Dancing With the Stars reveals cast for season 33: ’90s icons, reality stars, Olympians, and a fake heiress” from Entertainment Weekly
• “Say Goodbye to Daily Hotel Room Cleaning” from The New York Times
• “Adults are cashing in on lemonade stands” from Marketplace
• “Movie musicals — yes, including the ‘Joker’ sequel — you could fall for” from The Washington Post

Kick off your weekend with our “Tunes on Tap” Spotify playlist featuring some of our favorite summer jams! Get the playlist here.