Thursday, March 23, 2017
Jane Mayer: THE RECLUSIVE HEDGE- FUND TYCOON BEHIND THE TRUMP PRESIDENCY @ The New Yorker
Watch clip from the March 23, 2017 Democracy Now interview with Jane Mayer about the article. The complete show about the article is available here .
From The New Yorker article:
[Excerpt] ... It’s worth noting that several other wealthy financiers, including Democrats such as Thomas Steyer and Donald Sussman, gave even more money to campaigns. (One of the top Democratic donors was James Simons, the retired founder of Renaissance Technologies.) Nevertheless, Mercer’s political efforts stand apart. Adopting the strategy of Charles and David Koch, the billionaire libertarians, Mercer enlarged his impact exponentially by combining short-term campaign spending with long-term ideological investments. He poured millions of dollars into Breitbart News, and—in what David Magerman has called “an extreme example of modern entrepreneurial philanthropy”—made donations to dozens of politically tinged organizations.
Like many wealthy families, the Mercers have a private foundation. At first, the Mercer Family Foundation, which was established in 2004, had an endowment of only half a million dollars, and most of its grants went to medical research and conventional charities. But by 2008, under the supervision of Mercer’s ardently conservative daughter, Rebekah, the foundation began giving millions of dollars to interconnected nonprofit groups, several of which played crucial roles in propagating attacks on Hillary Clinton. By 2015, the most recent year for which federal tax records are available, the foundation had grown into a $24.5-million operation that gave large sums to ultraconservative organizations. ... [End of Excerpt]
Read more of Mayer's article at The New Yorker
Ryan Lizza's "How the White House Got James Comey Wrong" also at The New Yorker describing the sucker punch that blind-sided the White House staff.
While there consider reading John Cassidy's "James Comey's Remarkable Five Hours on Capitol Hill."