The faux-populist GOP Senate candidate, J.D. Vance, structured his finances to take advantage of a notorious tax loophole — one he could help preserve if he wins.
J.D. Vance’s Wall Street Tax Dodge
Tag: private equity
Schumer’s Family Business
Blackstone just hired Chuck Schumer’s son-in-law as a lobbyist, the latest of his relatives to take a job at a company lobbying the Senate on major legislation.
Schumer’s Family Business
US Government Failing to Regulate Private Equity-Owned Nursing Homes: Report
“Comprehensive ownership information is essential for effective oversight and for families to decide where to place their loved ones,” said one researcher.
US Government Failing to Regulate Private Equity-Owned Nursing Homes: Report
Video via Jimmy Dore
United States of Death? Study Shows Worrying Mortality Rates of Broken Health System
Researchers find that the nation had become an outlier among other rich countries in mortality rates long before the pandemic—and that Americans are dying younger than their peers abroad.
United States of Death? Study Shows Worrying Mortality Rates of Broken Health System
The Centre of International Insecurity
The Biden administration is no longer in charge of the White House. Relying on a select network of think-tanks and their corporate proxies, the Big Defense is. What it wants, it seems to get.
The Centre of International Insecurity
Related:
Scott [Horton] is joined by Dan Steinbock to discuss an article he wrote about the network of Democratic organizations running American foreign policy. Steinbock has dug deep into the Center for a New American Security (CNAS) and WestExec Advisors, two organizations that have allowed top foreign policy officials to make money cycling between government, think tank and advisory roles. Steinbock also takes a step back and examines how these organizations are connected to weapons companies, Wall Street and technology firms.
6/27/22 Dan Steinbock: How Hawkish Democrats Make Money Pushing War
The scissors of slump
Last week, US Treasury Secretary Janet Yellen told the US Congress that “We now are entering a period of transition from one of historic recovery to one that can be marked by stable and steady growth. Making this shift is a central piece of the President’s plan to get inflation under control without sacrificing the economic gains we’ve made.”
It’s true that the US economy since the depths of the pandemic slump, (which remember in terms of national output, incomes and investment was the worst since the 1930s – even worse that the Great Recession of 2008-9) has made a recovery. But it could hardly be described as ‘historic’. And as for the claim that the US economy, the best performing of the major economies in the last year, is heading towards ‘stable and steady growth’, that is not supported by reality.
The scissors of slump
How Biden’s Foreign-Policy Team Got Rich
How Biden’s Foreign-Policy Team Got Rich
Tasked by Obama to end the Iraq War, Biden supported Nouri El-Maliki, the leader he knew, and rescued the Iraqi prime minister’s career even though it ended up fracturing the country. When Maliki narrowly lost in 2010, Biden didn’t give Iraqi political parties time to broker a new coalition. With Biden’s endorsement, Maliki gained a second term; he grew more authoritarian, which is now widely believed to have led to the rise of ISIS. Biden ignored experts who were skeptical of Maliki and preferred to glad-hand. “He came to deal with Iraqi politicians like local political kingpins in Delaware or Pennsylvania,” said Robert Ford, who was deputy ambassador in Baghdad from 2008 to 2010.
A Private Equity Firm Bought Ancestry, and Its Trove of DNA, for $4.7B
A Private Equity Firm Bought Ancestry, and Its Trove of DNA, for $4.7B
Ultimately, the multi-billion dollar trading of Ancestry between investment companies is another reminder that when you hand over your DNA, you never know who might eventually own it.
Related:
World’s Biggest Landlord Buys World’s Biggest Genealogy Website
The United Nations issued a report in 2019 accusing Blackstone of “wreaking havoc” with “aggressive evictions” and contributing to the housing crisis that was becoming apparent even before the coronavirus pandemic sent the global economy spiraling. Blackstone made a killing from the 2009 financial crisis, scooping up billions of dollars worth of apartment complexes and single-family homes in the early 2010s.
Ms. Cat’s Chronicles 