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Tag: Blackstone Group
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Scooter Libby – Knowing people in high places
I. Lewis Libby Jr., convicted of perjury in the CIA leak case, appreciates better than most the importance of muckety.
His 30-month prison sentence was commuted yesterday by President Bush, who said he believed the term was excessive. Bush’s action was hailed by conservatives, who had organized a defense fund called the Libby Legal Defense Trust. Likely presidential candidate Fred Thompson was among the fundraisers.
“This is not a man who deserves to go to jail in any sense of the word,” said long-time friend Kenneth L. Adelman.
Current and former powerhouses who had earlier written letters to the court, urging leniency, included Donald Rumsfeld, Henry A. Kissinger, Paul Wolfowitz and John Bolton.
On the web
Bush Spares Libby 30-Month Jail Term – New York Times
Scooter Libby’s Pals, Trusting In Providence – Washington Post
Scooter Libby Love Letters – Smoking Gun
Libby Legal Defense Trust -
Lobbying is a Thompson Family Business
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Bearish on Mr. Brooks
Bear Stearns was under tremendous pressure on the weekend of June 17. Two hedge funds managed by the company were near collapse.
What did Richard Marin, chief of the asset management unit that oversees the funds, do? He went to the movies. Then he blogged about the film, Mr. Brooks. (Marin gave it a thumbs down.)
“I had been working 24-7 on this thing. Taking a small amount of time to clear my head seemed reasonable,” he told the New York Times.
We suspect that when the Times discovered the blog, whimofiron.blogspot.com, it was open for public viewing. But by this morning, readership was by invitation only.
Update: Bear Stearns replaced Marin on June 29, naming Jeffrey B. Lane to head the unit. Marin now serves as an adviser to Lane.
On the webA New Genre on Wall St.: Bailout Blog – New York Times (registration required) -
Sec Chairman Defends Record
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The Beckhams Move West
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Paris Hilton and Stephen Schwarzman?
Paris Hilton may be on her way to becoming the Kevin Bacon of her generation.
How is the celebrity jailbird related to private hedge fund baron Stephen A. Schwarzman?
Through Hilton hotels, of course. Schwarzman’s company, Blackstone Group announced yesterday that it would buy the hotel chain for $18.5 billion plus debt. Blackstone already owns LaQuinta Inns and LXR Luxury Resorts.
On the web
Blackstone to Buy Hilton Hotels for $26 Billion – New York Times
Blackstone to Acquire Hilton – Wall Street Journal
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Murdoch’s media machine
As the Times notes today, Rupert Murdoch’s media empire gives him an array of tools to advance his interests.
Starting with one newspaper in Australia, he has built and acquired a vast network of newspapers, broadcast companies and web sites.
Murdoch has shown increasing sophistication in getting his way regardless of the political climate. News Corp. employs a battery of lobbyists, including the very connected Anthony Podesta.To the surprise of some, Murdoch’s sizeable political donations in the U.S. favor Republicans only slightly. The Times reports that Republicans received 56 percent of the $4.76 million contributed since 1997 by the Murdoch family and related PACs.
On the webMurdoch Reaches Out for Even More – New York Times -
Big Payday for Blackstone Founders
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Lost but linked – Relationship Map for the TV show Lost
All is not what it seems on the island.
MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.
See large version of map | See full screen version of map | Put this map on your blog
The survivors of the crash of Ocean Flight 815 have untold connections that viewers of the hit ABC Lost glimpse in strobe-like flashbacks.
The astute viewer (addict would be more appropriate) knows more than the characters. Jack and Claire, for example, have no idea that they’re step-siblings. Nor has Jack learned that Shannon’s father was in a car accident with Sarah, Jack’s future wife. Jack, the physician on duty, chose to save Sarah but not Shannon’s father.
And Hurley has yet to discover that Libby gave Desmond her sailboat, or that John Lock worked for his box company.
Sometimes, though, even these lost souls figure things out. Sawyer did tell Jack that he had a long conversation with Jack’s father shortly before his death.
On the web
Official Lost Web site (ABC.com)