The basis of stock valuations was no longer cash-in-hand on the part of shareholders, but audited statements mailed in to Washington.
Some of the lower-skilled workers who would lose out in a higher-entry-wage environment might be absorbed, off the books, by the cash-in-hand labor market.
The Italian government needs to get more people to pay their taxes, but, as the economic situation worsens, that is proving harder as more people resort to the black market for cash-in-hand jobs.
In China, too, the state draws up long-term plans, funnels cash to industries it deems strategic and works hand-in-glove with national champions, like Huawei and Haier (see article).
Now, with the help of a Louisville, Kentucky tech startup, dental hygiene may go hand-in-hand with saving cash.
They also point out that the country has enough foreign-exchange reserves and cash in hand to survive until after the election, unless there is a wholesale collapse of confidence among Brazilians, leading to large-scale capital flight.
In sectors like technology it can be even harder for private equity to compete, since valuations in some areas are sky-high and acquirers can use cash on hand and richly-valued stock to make deals.
FORBES: Private Equity Is Open For Business, So Where's That $20B Buyout?
Although the act is unlikely to become law anytime soon, would-be immigrants with half a million dollars in hand need not despair: America has a visas-for-cash scheme up and running.
Professional investors find pre-foreclosure deals within a day or two of the public filing, and with cash in hand and experience making deals, are often able to make the most out of the information they have.
FORBES: Better Bargains With Foreclosures and Pre-Foreclosures
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