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Jared Kushner’s family set to make $400 million in ‘unusually favorable’ investment by Chinese company

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Jared Kushner’s family is on the verge of striking a property investment deal with Chinese company Anbang Insurance Group that will yield them a handsome $400 million.

Bloomberg reports that Anbang plans to strike a $4 billion deal to invest in Kushner Companies’ office tower that’s located at 666 5th Avenue in Manhattan. The terms of the deal include “terms that some real estate experts consider unusually favorable for the Kushners,” Bloomberg notes, including “both a sizable cash payout… for a property that has struggled financially and an equity stake in a new partnership.”

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The deal values the Kushners’ Manhattan building at $2.85 billion, which Bloomberg points out is the highest value ever for a single Manhattan building.

What’s even more intriguing, however, is a portion of the deal that pays off a vast portion of $250 million in debt that the Kushner Companies incurred the last time they refinanced their debt. Under the terms of the deal, the Kushners will be able to retire the debt by paying off just $50 million — or 20% — of what they owe.

While Jared Kushner — a top White House adviser who is also the son-in-law of President Donald Trump — has vowed that he won’t use his power as a top White House adviser to influence any legal matters surrounding the investment, some critics say the deal at the very least raises suspicions about a foreign company trying to buy influence with a key member of the Trump administration.

“At the very least, this raises serious questions about the appearance of a conflict that arises from the possibility that the Kushners are getting a sweetheart deal,” Larry Noble, general counsel at the Campaign Legal Center, tells Bloomberg. “A classic way you influence people is by financially helping their family.”

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Critics of sweeping policy changes always make one huge mistake: Robert Reich

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In last Wednesday night’s Democratic debate, former South Bend mayor Pete Buttigieg charged that Senator Bernie Sanders’ policy proposals would cost $50 trillion. Holy Indiana.

Larry Summers, formerly chief White House economic advisor for Barack Obama, puts the price tag at $60 trillion. “We are in a kind of new era of radical proposal,” he told CNN.

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2020 Election

Bernie Sanders campaign accepts apology from MSNBC anchor Chris Matthews: ‘We got to get past it’

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MSNBC anchor Chris Matthews on Monday apologized to the Bernie Sanders campaign after comparing his dominance in the first three states of the 2020 presidential nomination to the fall of France to the Nazis in World War II.

Sanders senior advisor Chuck Rocha was asked on Fox News for response.

"Look, we all get hot and say things in the moment, I'm glad Chris apologized," Rocha said. "We got to move on and get past it, I'm glad he said what he had to say, I'm tired of folks on Twitter fighting with each other, it's time to win this election."

https://twitter.com/Acyn/status/1232099452531331072

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2020 Election

‘Breathtaking fiscal hypocrisy’ of the GOP may win Trump reelection: Nobel economist

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Donald Trump was blasted for his economic policies by Nobel Prize-winning economist Paul Krugman -- who worries it just might work to get the president reelected.

"It may have slipped by you, but last week Donald Trump suggested that he may be about to give U.S. farmers — who have yet to see any benefits from his much-touted trade deal with China — another round of government aid," Krugman wrote in The New York Times. "This would be on top of the billions in farm aid that Trump has already delivered, costing taxpayers several times as much as Barack Obama’s auto bailout — a bailout Republicans fiercely denounced as 'welfare' and 'crony capitalism' at the time."

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