Hints and tips:
...Peterson and Schwarzman were tickled by the idea of BlackRock as an homage to Blackstone, and blessed the new name....
...In an interview with the FT in 2018, the DJ Gilles Peterson admitted he had reached the point where he “couldn’t keep the music and the family in the same place” and bought a second home in Stoke Newington...
...“I’m not happy about house price increases because real estate is the surest indicator, the most compelling leading indicator for . . . a crash,” says Adam Posen, president of the Peterson Institute for...
...A new FT-Peterson poll highlights the financial costs of the coronavirus crisis for ordinary American families....
...Peterson and Schwarzman worked together for 33 years, but the father-son relationship fell apart at the end. Peterson felt he had been squeezed out of his fair share of an expanding business....
...Nicolas Véron, Bruegel senior fellow and visiting fellow at Peterson Institute for International Economics, discusses this with the FT....
...“By our reading, China has essentially refrained from foreign exchange purchases since that period,” Mr Sheets told the Peterson Institute for International Economics in Washington....
...Sir Philip said that he was disappointed by the vote but understood that feelings were running high about the pension, which had acted as a “lightning rod” for dissatisfied investors....
...Peter Peterson, 81, the former chief executive of Lehman Brothers who created Blackstone with Mr Schwarzman, made $1.88bn from selling his shares at the time of the IPO, although he promised to put much...
...Simon Johnson, of the Peterson Institute in Washington, says: “Iceland is the first time we have seen a real sovereign problem like this – the crisis is spreading.”...
...The glitzy Manhattan bash, featuring Rod Stewart, was clearly pricey....
...But maybe private equity should be glad that Mr Schwarzman and Blackstone are acting as lightning rods for the growing public backlash....
...But Mr Lee’s action took Koreans by surprise and became a lightning rod for the public’s increasing unhappiness with his high-handed leadership style....
...In February, his lavish 60th birthday party, headlined by Rod Stewart, was the talk of the financial world and threw a spotlight on the lifestyles and riches of hitherto secretive buy-out moguls....
...He and Pete Peterson, who founded Blackstone, the private equity group with him 22 years ago, raised their first fund just before the 1987 stock market crash and have been buying undervalued assets since...
...It also revealed the extraordinary pay-outs to be received by Mr Peterson and Mr Schwarzman, at or near the peak of the private equity boom....
...Another high-profile show of wealth was the Blackstone boss’s recent 60th birthday party in New York, at which hundreds of the great and good were entertained by Rod Stewart....
...The party cost an estimated $3m and included orchid decorations and entertainment by Rod Stewart....
...Rod Lache, analyst at Deutsche Bank in New York, expects US car and truck sales to dip to an annualised rate of 16m units in March, from 16.3m in February and 16.6m a year earlier....
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