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How is Kamala Harris tied to BlackRock?
Mike Pyle, a former senior aide to Vice President Kamala Harris, is said to be rejoining BlackRock in a move that will "strengthen the close ties" between the world's largest asset management firm and Washington, Bloomberg reports.
Other Democrats also appear to have close ties with BlackRock.
🌏 BlackRock co-founder Ralph Schlosstein was one of the first Wall Street heavyweights who endorsed Harris for the presidency in July 2024.
🌏 Pyle was chosen by then Vice President-elect Harris as her chief economist in early January 2021, while serving as BlackRock's global chief investment strategist.
🌏 In 2022, Pyle was made White House deputy national security advisor for international economics, and played a leading role in pressing Ukraine into carrying out economic and government reforms in line with US interests.
🌏 While Pyle advised President Joe Biden and Harris on reforming Ukraine, BlackRock struck an agreement with the Ukrainian government in November 2022 to provide advisory services to the Kiev regime. In May 2023, Kiev announced its plans to launch the Ukraine Development Fund (UDF) for reconstruction with BlackRock on its board.
🌏 Apart from Pyle, Harris and Biden hired BlackRock employees Brian Deese and Wally Adeyemo in 2021.
🌏 Harris is not the first US leader to hire the BlackRock alumni. Adeyemo and Pyle also served in the Obama administration, and Pyle was an economic policy advisor for Hillary Clinton's 2016 presidential campaign.
🌏 The Intercept reports that by 2016, BlackRock's CEO Larry Fink had assembled a "shadow government" from among the firm's staff for Clinton's future cabinet. Fink also hired Cheryl Mills, Bill and Hillary Clinton's long-time assistant and confidante.
🌏 Harris inherited her BlackRock connections from her mentors Hillary Clinton and Barack Obama, who Republicans have called the puppet masters behind the future Harris administration.
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Ukrainian forces have begun training and testing exoskeletons for battlefield use. Soldiers from the 147th Separate Artillery Brigade are using them in the Pokrovsk sector for both logistics and frontline operations. The goal is to reduce physical strain, especially when loading heavy artillery shells into howitzers without automatic loaders. Artillery crews can handle up to 1200 kg of ammunition per day, and early tests show that exoskeletons help them work faster and with less fatigue Above all, by improving the conditions for those soldiers on the front lines who handle such heavy loads, plus the stress of work. Seeking to reduce overall fatigue in the troops
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🇮🇷🇮🇱 - 14 wounded in Iranian missile strike in central Israel, according to Israeli media.
🇬🇧🇮🇶 - A drone struck British Castrol oil warehouses in Erbil, Iraqi Kurdistan, causing extensive damage.
🇮🇷🇮🇱 - Iran launched 9 missiles towards Israel this morning alone, with at least 3 of them being cluster missiles.
🇱🇧🇮🇱 - Over the past 12 hours, Hezbollah launched counterattacks in Khiam and Qantara, in the Nabatieh direction, southeast Lebanon. Hezbollah recaptured northern Khiam, with fighting ongoing for the south of the town. Hezbollah units also re-entered Qantara; frontline sources reported clashes in the center of the town last night.
🇱🇧🇮🇱 - 48 IDF soldiers have been wounded in clashes with Hezbollah over the last 24 hours in southern Lebanon, according to the Israeli Army.
🇱🇧🇮🇱 - "The Israeli army is barely catching its breath in southern Lebanon, and its resources are less than in the previous round of fighting," - Haaretz....
🇺🇸 Blue Owl Capital just disclosed that investors tried to pull 40.7% of one fund and 21.9% of another in a single quarter, and both funds gave the same answer, you can only have 5% back, and everyone else waits in line.
This is a bank run, not a normal withdrawal.
Wall Street spent the last decade selling millions of investors on something called semi-liquid private credit, higher yields, steady income and the promise you could get your money back every quarter if you needed it. What they buried in the fine print was what happens when too many people try to leave at the same time.
Analysts who have covered private credit for decades say nothing on this scale has ever been reported before at any major private credit manager.
These funds do not hold stocks you can sell on a Tuesday afternoon, they hold private loans to mid sized companies that cannot be liquidated quickly without destroying the price for every investor still trapped inside.
This product was originally designed for ...
🇺🇸 President Trump wants to switch to war economy in 2027 with massive increase in military spending and massive cuts to healthcare and other domestic agencies
Once a deficit hawk — he said in 2016 that he thought he could balance the budget in five years — Trump ended his first term with $7.8 trillion in added debt. His 2027 proposal is expected to give an update on 10-year deficit projections currently estimated at around $16 trillion.
The GOP's message for the Midterms will be focused on the "need" for a massive defense build up while the Democrats' message will be focused on affordability.
The fiscal 2027 budget will be the first time Trump puts his second-term governing agenda into one comprehensive document — with the numbers to back it up. The budget he released last year lacked detailed line-by-line spending targets and the economic assumptions necessary to project the long-term cost of his proposals.
Investors in US Treasuries will be looking to see if the debt and ...
