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Democratic lawmakers are criticizing Supreme Court Justice Samuel Alito’s recent interview with the Wall Street Journal in which he stated “no provision” in the Constitution allows Congress to regulate the Supreme Court. “I know this is a controversial view, but I’m willing to say it,” Alito said Friday, referencing Congressional Democrats’ recent efforts to to…
Samuel Alito has become the latest Supreme Court justice to face an ethics firestorm, adding to a stream of controversies at the high court about luxury trips and recusals. Alito on Tuesday night took the rare step of penning a Wall Street Journal opinion piece to rebut a ProPublica story, published hours later, that detailed…
“Hyperinflation could cause worst economic crisis since WWII, fund warns” The global economy is at risk of crippling hyperinflation and “extraordinary” conditions that could prompt the worst financial crisis since World War II, according to major hedge fund Elliott Management. Elliott Management, led by famed billionaire investor Paul Singer, warned clients that extreme conditions present…
“#AT&T execs roll their eyes as Elliott Management takes victory lap on $43B merger” Some higher ups at AT&T aren’t too happy about billionaire Paul Singer’s hedge fund’s response to their $43 billion media merger on Monday. “Elliott Management is taking a victory lap even though they had nothing to do with getting this deal…
“#Jeffrey Katzenberg’s Quibi takes shot at billionaire’s personal life” Quibi, the defunct streaming service founded by Hollywood mogul Jeffrey Katzenberg, wants to know whether Elliott Management’s financing of a patent lawsuit against it was motivated by a personal relationship between the hedge fund’s billionaire founder and a top executive. In a brief filed late Thursday,…
“#Deutsche Bank, Goldman Sachs plans to flee NYC sign of trouble” New York’s golden geese are flying south, and not just for the winter. The analytics firm Unacast reports that more than 3 million people have fled the city during the pandemic — replaced by slightly fewer who earn a lot less, for a net…
“#Paul Singer’s giant hedge fund is leaving NYC for Florida” Billionaire Paul Singer is about to become the latest snowbird of prey to fly out of New York City. The relentless activist investor — who recently squared off against Twitter and AT&T, and once famously locked horns with the government of Argentina — is moving…
“#Matt Drudge rumored to be seeking investors for Drudge Report” Matt Drudge is the latest media mogul rumored to be looking for a cash infusion in the form of a partial sale of his popular news website Drudge Report. The juicy tidbit bounced around this week from the financial world to the publishing world, reaching…