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Peter Thiel

Robert Reich: Peter Thiel and GOP billionaires bankrolling "radically anti-democratic agenda"

This article originally appeared on AlterNet. Liberal economist Robert Reich examines a disturbing trend in an op-ed published by "The Guardian" on May 23: millionaires and billionaires funding Republican candidates who are overtly anti-democracy. "Decades ago," Reich writes, "America's monied interests bankrolled a Republican establishment that believed in fiscal conservatism,...
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CalPERS Portfolio Manager Joins Strive Asset Management, the Anti-Woke Firm Backed by Peter Thiel and Bill Ackman

An asset management firm that’s pushing back against ESG efforts has poached a longtime CalPERS investment manager to head up its products and investments team. Strive Asset Management, which launched earlier this month, has hired Matt Cole, the firm confirmed to Institutional Investor. Cole most recently served as portfolio manager overseeing a roughly $40 billion U.S. treasury portfolio and a $30 billion structured securities portfolio at the California Public Employees’ Retirement System, according to his LinkedIn profile.
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Bill Ackman, Peter Thiel back investment firm taking on ‘woke’ capitalism

Pershing Square Capital boss Bill Ackman and tech billionaire Peter Thiel are among the investors backing an upstart fund that’s aiming to lead a movement against politically influenced “stakeholder capitalism.” Dubbed Strive Asset Management, the fund was founded by pharmaceutical investor Vivek Ramaswamy – who also authored a best-selling book called “Woke, Inc.” that published last year. The Ohio-based firm has raised more than $20 million from investors with a mandate to pursue an asset management strategy focused “on excellence over politics.” Americans “want iconic American brands like Disney, Coca-Cola and Exxon, and US tech giants like Twitter, Facebook, Amazon and Google to...
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PayPal’s Peter Thiel may be a ‘genius’, but I’m still not champing at the bitcoin

Since powdered rhino horn has (rightly) been banned, only two aphrodisiacs remain: political power and great wealth. Of these, the second is the more interesting, partly because most humans, especially journalists, seem to be affected by it. It’s what leads them to assume that if someone is fabulously rich, then she or he must be very smart. That’s why the super-rich are invariably surrounded by fawning sycophants – and also why they eventually come to believe that they themselves are geniuses.
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