Schwarzman , another plutocrat running our goverment.

[Penelope]

As President Trump begins his first presidential trip abroad in Saudi Arabia, an investment company run by one of his top supporters, the billionaire Stephen A. Schwarzman, has secured an enormous investment from the Middle Eastern kingdom.

The company, Blackstone, which Mr. Schwarzman helped found, said on Saturday that Saudi Arabia’s sovereign wealth fund had committed $20 billion to a new investment fund aimed at infrastructure projects, primarily in the United States.

The commitment is about half of the capital Blackstone plans to raise for the fund. All told, including potential borrowed money, the new fund could invest more than $100 billion in infrastructure projects, the company said in its statement.

The fund was one of several business deals between an American company and Saudi Arabia announced after Mr. Trump’s arrival. At a ceremony in Riyadh on Saturday, General Electric said it had agreements for $15 billion worth of projects.

Continue reading the main story

https://www.nytimes.com/2017/05/20/...0-billion-in-infrastructure-mostly-in-us.html

 

[Penelope]

Why Yale should shun Blackstone CEO Steve Schwarzman

The plutocrat believes Donald Trump’s ‘political incorrectness’ makes him ‘good for democracy.’

“What about Schwarzman —other than his estimated $10 billion fortune — does Yale find appealing? Surely not his belief, as of October 2015, that Donald Trump’s ‘political incorrectness’ makes him ‘good for democracy.’ Surely not his 2011 suggestion to raise taxes on the working poor because ‘skin in the game’ might make them work harder. Surely not his view that a 2010 bipartisan effort to close a private equity tax loophole — from which Schwarzman personally profits — was ‘like when Hitler invaded Poland in 1939.’ Surely it is not his prominence at the Koch brothers’ donor summits, where he’s donated undisclosed millions to political organizations that have cannibalized the GOP establishment and paralyzed the Obama administration.”

Why Yale should shun Blackstone CEO Steve Schwarzman