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Tag Archives: Private Jet

Could Trump’s Tax Bill Trigger A Mass Exodus From Manhattan? Goldman Seems To Think So…

New York's billionaire hedge fund managers have blazed the trail south in recent years with the likes of David Tepper, Paul Tudor Jones and Eddie Lampert all ditching the Empire State for Florida...a state which brings not only pristine beaches and year-round golf weather but also the added benefit of a 0% personal income tax rate.  Meanwhile, as Bloomberg once again points out this morning, the decision to ditch the over-taxed states of New York, New Jersey and Connecticut will be even...

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Former Secret Service Agent Threatens To Reveal Details About Bill Clinton And Epstein’s “Lolita Express”

In a furious twitter exchange with a Clinton aide on Friday, former secret service agent Dan Bongino threatened to reveal new details about Bill Clinton’s 26 documented trips aboard notorious pedophile Jeffrey Epstein’s private jet, nicknamed the “Lolita Express." Bongino and former Hillary Clinton aide Nick Merrill started feuding after Merrill challenged Bongino’s claim that Clinton was the most “manipulative political person in a position of power [he...

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Bill Clinton Faces Sexual Assault Accusations From Four More Women

In a stunning revelation that could leave an indelible stain on the Clintons’ political legacy and possibly quash Hillary Clinton's dreams of running for president again in 2020, the Daily Mail is reporting that four women have shared their accounts of being sexually assaulted by Clinton in a new book written by former New York Times editor Ed Klein that will hit shelves later this week. According to the mail, the women allege the former president assaulted them in the early 2000s,...

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Google And Facebook To The Moon… Or Peak Advertising?

By Chris at www.CapitalistExploits.at In the late 90's and early 2000's, I spent a lot of time travelling through a host of the world's airports. This naturally meant spending an inordinate amount of time staring at random people, wandering about aimlessly (no business class lounges when you're an impoverished backpacker living on noodles), and traipsing through duty free stores, puzzling on how it is woman can spend so much on perfume and men so much on big ugly watches. Today, smart...

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5 Charts Highlight The Growing Wealth Inequality In America Over The Past 50 Years

Americans across the income spectrum have generally grown wealthier over the past 50 years but those at the top (A.K.A. the "millionaire, billionaire, private jet owners" to use the parlance of our times) have made out much better than the rest of us.  As the Urban Institute pointed out today, in 1963, families in the top 90th percentile of household wealth had roughly six times the wealth of families in the middle. By 2016, that had doubled to 12 times. Here's how that evolution of...

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This Mysterious Military Spy Plane Has Been Flying Circles Over Seattle For Days

Authored by Tyler Rogoway and Joseph Trevithick via TheDrive.com, A very unique USAF surveillance aircraft has been flying highly defined circles over Seattle and its various suburbs for nine days now. Nobody at the DoD seems to know who the aircraft belongs to or what exactly it is doing flying so many missions over the Seattle area. But based on its visibly exotic configuration, and information collected by open source flight tracking websites, we can get a good idea of its capabilities...

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Amazon Prime Households On Track To Exceed Cable TV Subs In The U.S. By Next Year

Amazon has absolutely eviscerated brick-and-mortar retailers of late with their decision first to buy Whole Foods Market followed by a subsequent announcement that they would target clothing retailers with "Prime Wardrobe." The Whole Foods announcement sent the stocks of grocery retailers Kroger, Wal-Mart, Sprouts, and Target plunging... (WMT -4%, TGT -5.5%, SFM -7.6%, KR -12%)     And the "Prime Wardrobe" announcement just a few days later had a similar impact on clothing...

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You Know It’s Bad When… Prices For Used Jets Are Cratering

America’s wealthiest individuals are thriving thanks to an imbalance in wealth accumulation that favors the already asset-rich. But even though the number of millionaires and billionaires living in the US has been climbing, and is on track to increase by nearly 700,000 a year between now and 2021 – so long as the market avoids another crash – an influx of new potential buyers has done little to alleviate a supply glut that has been weighing on used jet prices for years. As...

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Flying Is About To Get Even More Miserable…Well, At Least For Poor People

At a time when you would think the airlines would be a little more image conscious, you know because of that whole beating customers and dragging them off the plane thing that United did, they're apparently doubling down on efforts to make "Flying The Friendly Skies" the most miserable experience ever.   After years of finding new ways to charge for 'perks' that used to be standard (want to use our aisle to access your seat...that'll be a $10 fee, please), according to the Wall Street...

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Private Equity Sets Its Sites On A New Funding Victim: Mom-And-Pop 401(k)s

After laying ruin to the defined-benefit pension plans of public and private employees over the past several decades, Wall Street has its sites set on its next victim: mom-and-pop 401(k)s.  Sure, because as our recent headlines confirm, wall street money managers have worked wonders for public/private pension funds: Are Collapsing Pensions "About To Bring Hell To America"? How Chicago's Largest Pension May Run Out Of Cash In As Little As 4 Years NY Teamsters Pension Becomes First...

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