Due to a lapse in funding, the U.S. federal government has shut down. The federal government will remain shutdown until a funding bill is passed.
During the shutdown, the USA.gov website will be available. You can also get answers to government questions by calling 1-844-USAGOV1 (1-844-872-4681), 8 AM – 8 PM (Eastern Time), Monday through Friday.
USAGov 1800 F Street, NW Washington, DC 20405 USA
Blackstone, the biggest name in private equity has turned its attention to infrastructure. Blackstone’s head of private equity Joe Baratta, excited about the infrastructure opportunities that a Donald Trump presidency could potentially unleash, planted his flag firmly in the sand:
“To be relevant in that end of the market, I think you need to be deploying billions of dollars at a time, not hundreds of millions. So you’re probably talking about a vehicle that’s 20, 30, 40 billion dollars of equity,” he told Bloomberg TV. When asked if that meant aiming for the largest vehicle ever raised, he added: “Correct. That would be the ambition if this comes to fruition, which we certainly think it will, in terms of the public sector aligning with the private sector to invest in the fabric of this country.”
The largest vehicle to date is Global Infrastructure Partners’ third fund, which closed recently at $15.8 billion. The second-largest is Brookfield’s third infrastructure fund, which closed last summer on $14 billion. Baratta’s upper end effectively dwarfs the two combined. Go big or go home. Continue reading Blackstone looking to raise $40bn Infrastructure Fund
Donald Trump has won the election is a fairly clear way, but it was a close election with nearly same 48% of nationwide votes for each candidate, but the way electoral seats are setup in USA, Trump won with a wide margin over Hillary Clinton, who could not galvanize people in the same way Trump did on his side.
Donald Trump is now 45th President of USA.
It is clear that people have voted for change at any cost. Its the same theme as in Brexit in the UK, where majority of people outside London and in interior counties voted for Brexit and change of status quo irrespective of economic impact.
Trump has sold hope to millions of people across America, especially to those people who are struggling, and we can only hope that some of those hopes sold during election speeches come true.