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Throughout the presidential campaign, Donald Trump blasted his rival for taking money from Saudi Arabia, which, he regularly charged, has a horrific human rights record and was behind the attack on September So these are people that push gays off buildings.
These are people that kill women and treat women horribly. Trump, of course, has never been married to anything he has said in the past. But even by Trumpian standards, a recent series of deals he struck with Saudi Arabia stand out. But the third, which was rolled out much more quietly, is no less stunning: The deal hands over control of projects to rebuild American roads and bridges to the private sector and a foreign country.
Schwarzman, of course, is not a disinterested adviser to blackstone stock options dubai president. The loophole generates billions of dollars for Blackstone. This conflict carries over to infrastructure, a business Blackstone has been focused on since last year. James is a donor to Democratic presidential candidates. The cuts include zeroing out a popular state grant program called TIGER, along with slashes to Amtrak and other transit projects.
So under the Trump plan, direct federal investments in infrastructure would be lowered, while private control of blackstone stock options dubai would ramp up. This benefits Blackstone and Saudi Arabia. Advocates are concerned that companies like Blackstone want an equity stake in infrastructure that will prove more costly than muni bond funding. P3s could generate high tolls and user fees, as the private sector expects a greater return on investment. P3s more generally blackstone stock options dubai been criticized for limiting democratic control of public assets.
Saudi Arabia put up half of Blackstone total investment in their infrastructure fund. A single investor putting that big a commitment into one private equity fund is atypical, and would essentially have a foreign government profit from fees blackstone stock options dubai toll roads.
The deal eventually fell apart, as Dubai Ports World sold off its stake. By contrast, the Blackstone stock options dubai deal has not registered much comment.
Schwarzman, whose most recent birthday party featured trapeze artists, live camels, and Gwen Stefani, was in Riyadh last week for a whirlwind of dealmaking known as the U. The private equity titan is hardly the only financier personally benefiting from an advisory position with the Trump administration. For example, legendary trader Carl Icahn, another adviser, has been using his influence to get the administration to change ethanol rules that would save companies he owns hundreds of millions of dollars.
Icahn has also been personally speculating on financial instruments related to his push for changes in ethanol rules. Email list managed by MailChimp. We depend on the support of readers like you to help keep blackstone stock options dubai nonprofit newsroom strong and independent.