Bankrupt hospital chain paid private equity giant $700M dividend
The nation's largest private, for-profit hospital chain reportedly paid out $790 million in dividends before filing for bankruptcy a few years later, most of which went to Manhattan-based private equity owners. Steward Healthcare System, a Boston-based network of 30 hospitals that operates in rural and low-income areas, paid Cerberus Capital Management in 2016, the same […]
Hochul aide Linda Sun, accused of working for CCP, promoted ‘equity’ policies in 2021 video
Linda Sun, a former aide to New York Governor Kathy Hawkle, who was recently arrested and accused of acting on behalf of the Chinese Communist Party, recommended “fairness” policies in her position, according to a newly uncovered 2021 video. Linda Sun, 40, and her husband, Chris Foo, 41, were arrested on Tuesday. Sun was charged […]
NFL owners allow private equity firms to buy up to 10% of clubs for first time
The National Football League approved new rules on Tuesday that will allow team owners to sell parts of their franchises to private equity firms, raising the possibility of a windfall that could add billions of dollars to the value of clubs. The NFL's 32 owners voted for the measure at a special league meeting in […]
Kamala Harris Discusses Economic Equity While Appearing to Wear a Necklace Worth 370% More Than the Median U.S. Monthly Salary
Democratic presidential candidate Vice President Kamala Harris, while appearing to wear a necklace worth about 370 percent more than the median monthly salary in the United States, chose to discuss economic “equality” with her running mate, Minnesota Governor Tim Waltz, rather than with reporters. In one video of their discussion, Harris asked Waltz to talk […]
Bottom Line: Tax bill architect to lobby for private equity giant
Tax Baker & Hostetler LLP Already registered Lobby on tax policy, including provisions of the Tax Cuts and Jobs Act of 2017, some of which expire in 2025. The Carlyle GroupOne of the world’s largest private equity firms. One of the lobbyists for this account chairs three subcommittees of the House Ways and Means Committee. […]
Delta’s top DEI officer jettisons ‘ladies and gentleman’ gate announcements as part of equity push
Over the past few years, Delta has been working on diversity, equity and inclusion issues under the direction of a chief executive who believes that “ladies and gentlemen” is not inclusive. Kayla Lynn Johnson, Delta Air Lines’ chief diversity, equity, inclusion and social impact officer, has said publicly that Delta strives to be “boldly committed […]
‘They Aren’t Appealing Because They Will Lose’: Biden Administration Backs Down From ‘Racial Equity’ Programs
The Biden administration has backed down from defending two race-based programs that were central to its “racial equity agenda,” the Washington Post reported Friday. Federal judges ruled that racial preference is unconstitutional in cases regarding the Minority Business Development Agency and the Small Business Administration’s 8(a) program, which provided loans and government contracts on the […]
Secret Service equity director says DEI agenda is a ‘mission imperative,’ the ‘ultimate goal’
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Private equity firm behind Six Nations rugby considers bid for Telegraph | Telegraph Media Group
The private equity group, which runs the Six Nations tournament and English Premiership rugby, is considering a bid for The Telegraph as the deadline for the first round of bidding for the newspaper group approaches this week. CVC Capital Partners, which manages 186 billion euros (156 billion pounds) in assets and floated 15 billion euros […]
Negative car equity is higher among borrowers with lower income and credit scores: CFPB
A recent CFPB report suggests that incorporating negative equity into new car loans may be a risky practice. (iStock) According to a recent study by the Consumer Financial Protection Bureau (CFPB), drivers with negative balances on their auto loans are twice as likely to have their accounts foreclosed, and they also have lower incomes and […]