Billionaire Stephen Schwarzman, a fierce opponent of rent control, raked in an astounding $610.5 million from dividends and compensation last year, according to Reuters. Blackstone Group, the private equity firm co-founded and led by Schwarzman, …
Modern-Day Robber Baron: The Sins of Blackstone CEO Stephen Schwarzman
Housing Is A Human Right presents another special report about the power players responsible for the housing affordability crisis. For this investigation, we examine Blackstone Group CEO and billionaire Stephen Schwarzman, one of the largest …
Is Billionaire Geoffrey Palmer L.A.’s ‘Worst Developer’?
A few years ago, billionaire Geoffrey Palmer was crowned with an ignominious title: “Downtown L.A.’s worst developer.” It was easy to understand why. From building apartment complexes next to polluting freeways to getting sued for …
Will Federal ‘Opportunity Zones’ Hyper-Gentrify America?
Wall Street is euphoric over federal “opportunity zones.” Many local politicians are wild with excitement. Accelerator for America, a kind of think-tank founded by U.S. mayors, will soon hold a summit at Stanford University to …
2020 Presidential Candidates Must Address Housing Affordability Crisis
Senior citizens forced into substandard housing. Working-class families pushed into homelessness. People of color shoved out of their longtime communities. College students sleeping in their cars, if they have a car. The cause? Americans are …