James Tomilson Hill, the Blackstone Group LP vice chairman who runs the company’s $58 billion hedge- fund business, has emerged as a billionaire as the world’s largest private-equity firm and his art collection have surged in value.
When Jean-Luc Godard’s name crossed the lips of Mike Myers last night, the comedian and actor known for “Wayne’s World” and “Austin Powers” earned his place presenting a film at the Museum of Modern Art.
Chris Christie told a fiscal summit in Washington last week that the traffic scandal dogging his administration will be a career “footnote.” New Jersey’s governor may be right, as revenue shortfalls, credit downgrades and rising pension costs threaten to define his legacy.
Against a backdrop of exhibits at New York’s Museum of American Finance highlighting the U.S.’s financial history, Blackstone Group LP Chairman Emeritus Peter G. Peterson told patrons and supporters of the museum that the country’s future could be harmed by its national debt.
Former Federal Reserve Chairman Alan Greenspan said JPMorgan Chase & Co. is akin to Fannie Mae and Freddie Mac because taxpayers would shoulder the burden of its rescue in an emergency, rather than let it collapse.
Ten chairs lined the front of a community center in Greensboro, North Carolina, where Mr. Moneybags was giving a lesson in wealth inequality. Moneybags, played by tobacco worker John Ledbetter, sprawled across seven of them as nine of his classmates jostled for the rest.