Why Is New York City Planning to Sell and Shrink Its Libraries?

Defend our libraries, don't defund them. . . . . fund 'em, don't plunder 'em

Mayor Bloomberg defunded New York libraries at a time of increasing public use, population growth and increased city wealth, shrinking our library system to create real estate deals for wealthy real estate developers at a time of cutbacks in education and escalating disparities in opportunity. It’s an unjust and shortsighted plan that will ultimately hurt New York City’s economy and competitiveness.

It should NOT be adopted by those we have now elected to pursue better policies.

Showing posts with label wealth inequality. Show all posts
Showing posts with label wealth inequality. Show all posts

Thursday, January 20, 2022

Davos’s Supreme Big-Wigs (e.g. NYPL’s Stephen Schwarzman), Only In It For Themselves, Are Graduating To New Concept: “The Useless Class”– And They Don’t Mean Themselves!

The lower right corner is the Davos talk about "the useless class"

Davos is in the news.  We are increasingly hesitant and careful about recommending the increasingly often dangerously propagandistic (embedding disguised corporate mainstream narratives) reporting of Democracy Now, but we do recommend dropping in on today’s report on Davos-

“Davos Man”: How Billionaires Devour the World & Fuel Global Inequality, Prolonging the Pandemic, January 21, 2022.  It’s an interview with New York Times global correspondent Peter Goodman, author of the new book “Davos Man: How the Billionaires Devoured the World.”

The report features one of our favorite, regularly recurring bad guys, NYPL Trustee Stephen Schwarzman, head of the Blackstone Group.

Here on Schwarzman:

    •    Steve Schwarzman, who’s the world’s largest private equity magnate, worth about $35 billion, made a fortune on the foreclosure crisis in the U.S., and then around the world. He’s now vacuuming up homes again at distressed prices.
Not only was Schwarzman perfectly positioned in taking advantage of the 2008 financial crisis, he presciently invested to take advantage of the Covid crisis.
    •    Schwarzman invested heavily in healthcare in the run-up to the pandemic. He owns a company called TeamHealth, which is a huge staffing company that puts people in emergency rooms, where there’s just an epidemic of surprise billing — patients wheeled in, not knowing the terms of their insurance policies, discovering later that they’ve been treated by an out-of-network provider, with huge bills, collection agents hassling them. And Schwarzman has taken the opportunity of the pandemic to buy more healthcare assets.
Basically the discussion lambastes the wealthy that show up at Davos proclaiming their beneficent intentions while being out for their own interests at everyone else’s expense:
    •    it’s well and good that in Davos they’re talking about [‘important good issues ’ - “climate change,” “gender imbalance,” “systematic racism, “voting rights”] about which they not only do very little — . .  they put out some great reports — but then they go home, these participants, and they commence the battle to protect their privileges, to prevent actual redistribution of wealth.

    •    The forum convenes under the mantra “committed to improving the state of the world,” which is a handy phrase that connotes change. These are the ultimate beneficiaries of the status quo.

    •    these are the people who have rigged our system so that most of the wealth flows in their direction, at the direct expense everyone else.
“Stakeholder capitalism”?
    •    It’s all about us depending upon the goodness, the innate goodness, of . . . CEOs to run their companies so that everybody wins. And central to that is this idea, that is pervasive at Davos, that all solutions to problems can be found if people just earnestly debate them and find win-win solutions. They love win-win solutions, because then that obviates sacrifice. It’s all an elaborate prophylactic against the actual exercise of democracy toward the redistribution of wealth so that we can tax wealthy people and finance the things that we actually want . . .
Does that sound bleak enough?  It’s been said before by people like Anand Giridharadas with his “Winners Take All” book that pulls its punches and now Anand Giridharadas taking a big MSNBC salary is getting tamer by the minute, obfuscating his message. Giridharadas also came out of the New York Times which backed and heralded his message when his “Winners” book came out.

Here are bleaker and even more forthright concerns coming out of coverage of Davos.

Once upon a time, there was the lower class, the underclasses, and the poor.  Once upon a time, the thinking was that the wealthy wanted as many poor as possible to ensure a big pool of labor willing to work for low wages.  Now, at Davos they are beginning to trade in a new coinage implying things opposite to that notion: The “useless class.”  The “useless class” can be thought of as all of those who are now disposable and not needed because robots and the new technology that will take care of the wealthy without Their having to worry about who will labor to do it.

Watch the Unlimited Hangout and the very unsettling Davos speech it covers here:

Dump Davos #1: Data Colonialism & Hackable Humans (Bad news: this is from a year ago so time's a-wasting to catch up with these guys).

In this video series investigating the people and agendas of the World Economic Forum, Whitney Webb and Johnny Vedmore analyze a recent speech given at Davos by Israeli "futurist" historian Yuval Noah Harari that exposes the WEF's agenda for the "useless class", the rise of exploited data colonies and the creation of an internal and external surveillance state.
SEE ALSO: Upward Transfer of Wealth Alert! Upward Transfer of Power Alert! Look What Just Doubled! Enough To Make Everyone Sick! Tuesday, January 18, 2022

Friday, February 28, 2020

Exile of Another Journalist From Corporate Mainstream Media, David Wright Suspended By ABC– This Time It’s Not For Being Anti-war, It’s Just For Being Honest About How Corporate Media News Doesn’t Serve The Public

Here’s a striking news story. ABC has suspended veteran journalist David Wright because of secretly recorded remarks in which we described with frankness his opinion that mainstream corporate media, doesn’t properly serve the public. . .  It means we’ll have to add another journalist to our list of journalists exiled from corporate mainstream media.  (See: List of Journalists Fired or Self-exiled From Mainstream Media Outlets Because They Expressed or Wanted to Express Views (Like Being Critical of U.S. Wars) Unacceptable to the Outlets They Were Working For.)

We’ll also have to note how Wright’s suspension breaks the typical pattern of so many other exiled journalists on our list: Wright was not fired for expressing any antiwar sentiments, only for expressing his misgivings about the overall corporate media news system. And maybe for saying he personally favors a national health insurance, or thinks that there are too many billionaires?

What’s wrong overall with the corporate media news system may explain why the corporate media so often encourages us to go to war, but Wright’s secretly recorded remarks didn’t connect any of those dots.

ABC suspended its veteran correspondent despite David Wright’s history and credentials:
•    Emmy Award-winning ABC News correspondent. 
•    Joined the network nearly 20 years ago.
•    He has covered the White House and was "Nightline's" lead political reporter during the 2016 presidential campaign.
It’s remarkable that Wright was suspended for the remarks he privately shared given what he said.  His remarks, which actually seem wise and perceptive, were:
I feel terrible about it.  I feel that the truth suffers, the voters are poorly informed…

    And so, it's like there's no upside in — or our bosses don't see an upside in — doing the job we're supposed to do, which is to speak truth to power and hold people to account.

* * *
I don’t think we are terribly interested in the voters

* * *

The fake news abounds.  There are problems with the truth these days. 

* * *
The commercial imperative is incompatible with news. …

 It became a profit center, a promotion center. Like now, you can't watch "Good Morning America" without there being a Disney princess or a Marvel Avenger appearing. It's all self-promotion. And promotion of the company and also promotion of individuals within the company. As opposed to, kind of, the dedication to the story and a commitment to stories that we need to tell but that are maybe hard to tell.
           
* * *

I think some of that, at least in the places where I work and the  places like it, is that with Trump, we're interested in three things. We're interested in the outrage of the day, the investigation, and the palace intrigue of who's stabbing who. Beyond that, we don't really cover the guy. …   

We don't hold him to account. We also don't give him credit for what things he does do. …

And we're in this awkward moment where  — and created by this awkward moment — where we have this f**king president. And we can't figure out how to challenge him.

* * *

I'd consider myself a socialist. Like I think there should be national health insurance. I'm totally fine with reining in corporations. I think there are too many billionaires, and I think that there's a wealth gap. That's a problem.

* * *

So you know, real people talk about practical issues, when they’re thinking about a a candidate, “I want to get back n the workforce,” or “I need medical care for whatever.” Those things aren’t TV friendly things.  You know, we want to focus on impeachment, we want to focus on the big sh*t going on, but the things that help people make up their mind are little shit. 


* * *

I think that we don’t have the bandwidth to give everybody a fair shot .  And we should.

**

We are all guilty of the same thing.  I think all these big news organizations- I’m speaking about broadcast television.  That’s all Im speaking about: ABC, CBS, NBC.  And we recognize that we are dinosaurs and we’re in danger of dying.
In the secret recording Wright also exchanges views with his colleague Andy Feis that the media is screwing up in presidential campaign coverage by covering just the "horse race" aspect of things, not giving candidates their due, just wanting to do "flavor of the month, flavor of the week," wanting to emphasize conflict and keep moving on.

The incongruity that Wright was suspended for these remarks constituting news and insight about corporate media news that's probably more important and valuable than much of ABC News' own standard fare, is what is and what should be the main story here, although the story comes with a footnote important to pass along: The secrete recording was made by Project Veritas, typically described as a "far-right activist" group that often unreliably edits what it publishes after setting up entrapments.  It's unclear what Veritas thought it was proving about bias in the media when it recorded Wright and published what he said.  As you can read above, Wright's criticisms include that media doesn't, in his opinion give Trump credit when credit is due; his views are considered, not one-sided.

Here is the Project Veritas video:
‘Socialist’ ABC Reporter Admits Bosses Spike News Important to Voters, 'Don’t Give Trump Credit', February 26, 2020
The story was covered as a headline by Democracy Now, "ABC Suspends David Wright over Remarks Secretly Recorded by Far-Right Group," February 27, 2020, and the Salon coverage with worthwhile, "ABC's David Wright told the truth about network news and Trump — and paid the price," Dan Froomkin, February 27, 2020.
"ABC Suspends David Wright over Remarks Secretly Recorded by Far-Right Group,"


"ABC's David Wright told the truth about network news and Trump — and paid the price,"

Tuesday, December 24, 2019

An Open Letter To Reverend Ana Levy-Lyons of The First Unitarian Universalist Congregation of Brooklyn Requesting A Sermon About Peace

There is now a many year tradition at Noticing New York (about real estate development in New York and associated politics), written by Citizens Defending Libraries co-founder Michael D. D. White.  Each year on Christmas Eve, Noticing New York publishes a seasonal reflection.  (More about the Noticing New York tradition here.)  There is something a little bit different up at Noticing New York as a seasonal reflection this Christmas Eve.  It's a letter Michael White wrote to Reverend Ana Levy-Lyons, minister at his First Unitarian Universalist Congregation in Brooklyn, requesting that she deliver a sermon about peace.   There is a more about his decision at Noticing New York.

Because the censorship and information control subjects of this letter are so important, we are also publishing it here at Citizens Defending libraries.  It is also being published at National Notice, also written by Mr. White.

December 19, 2019

Re:  An Open Letter Requesting A Sermon About Peace

Dear Reverend Ana,

Last spring my wife Carolyn and I invested heavily in our congregation’s fund raising lottery trying to win the prize of choosing a topic for a sermon you would give.  We didn’t win.  Had we won, we would have challenged you with what you might not have found an easy subject, speaking about Julian Assange, American war crimes, and the U.S. pursuit of empire.  Our choice of subject would not have been be to vex you with its difficulty, but to ask you to speak to what could be such a simple concept: Peace.  If, these days, conversations about peace are avoided as difficult, what better than address that difficulty in a sermon?

Giving it some consideration, I think that making a worthy case for a sermon topic is a good a way to gain the prize of having you speak on a topic we care about, as good a way as investing in fund raising lottery tickets.  Therefore I will try.

Is peace a spiritual thing?  Is talk about our common humanity, our common bonds, and about surmounting the blindness that fractures our relationships a proper thing to address in religious terms?  I acknowledge I’m being obvious here.  What I just referred to is supposed to be basic and elemental to the great faiths.

I grew up in the Vietnam War era and I remember churches and church people taking the lead in saying that the wars we waged in Indochina were wrong.  These days we, as country, are more military extended than ever.  My oldest daughter is now about to be twenty-nine years old.  We had already started bombing Iraq when she was born in January.  The war in Iraq is just one of the perpetual wars that has continued essentially for the entirety of her life.  All of our wars are long now.  As formally measured by some, the War in Afghanistan, with its later beginning, has surpassed the Vietnam War as our country’s longest war.

These days the United States has been bombing nine countries, ten if you include, as we should, all of the U.S. participation in the bombing of Yemen, the other nine countries being: Mali, Niger, Somalia, Libya, and then, in the Middle East, it’s Pakistan, Afghanistan, Iraq, Syria. We have 800 military bases in other countries.  With practically no comment or attention from us, President Obama opened new military bases across Africa.

A peace symbol hangs prominently in our Unitarian Universalist congregation’s sanctuary where our sermons are given.  We begin every Sunday service singing the words: “let peace, good will on earth be sung through every land, by every tongue.”  Christmas comes every year, and every year we evoke and extol, as is customary in the Christian tradition, the image of Jesus as the “Prince of Peace.”  In our congregation’s Weaving Social Justice Committee we have discussed the prospect of rededicating the side chapel within the sanctuary that is known as the “Peace Chapel” to that cause.  In our list of candidate films for the social justice film series we are working on we have films about the injustice of war. . .

 . . . But, by and large, we hardly ever actually say anything about peace or the need to end the  perpetual wars for which our country is now responsible.  Has there been any sermon in our sanctuary on the subject of peace?  I can’t recall one.

I was not at the Unitarian Universalist General Assembly in June this summer, but I talked with people who went, and I looked over the multi-day program.  I was told and I saw that there were no sessions on the subject of peace.  Nor was anything said about the antithesis thereof, war, although we are deeply embroiled in wars to the point that they are inescapably always in the background our daily American lives.
 
Our congregation through its leaders including members of the social justice committee is now reaching out to other congregations in our city and to their social justice actors to coordinate collective activism on the issues important to all of us.  The importance of peace activism has not been mentioned in those discussions no matter that it is integrally related to virtually every other issue that is being discussed of common interest.  Has the subject of peace somehow been tagged as off-limits?  Is peace now too controversial to be discussed by and among religious communities?

Other social issues have attracted the attention of organizing Unitarians and have been the subject of multiple sermons. I understand and support that and among them are issues like the climate change chaos catastrophe emergency.  The climate emergency is an existential threat to all of humanity.  When the Democratic National Committee ordered that there be no debate focused on the single issue of climate change– the DNC actually forbade Democrats from participating in any such debate organized by anyone else– the case was made that the existential issue of climate is so fundamental that it is intertwines with and underlies virtually every other issue that’s important.  There are other issues like that; issues that are inextricably related to society’s other major issues.       

Our American wars together with the rest of our military interventions that stoke conflict in other countries are far too often wars which are very much about the extraction of oil and fossil fuels.  Moreover, overall our wars help keep in place the systems that continue to vandalize our planet, exterminating its ecosystems.  Further, the US military is one of the largest polluters in history, “the single-largest producer of greenhouse gases (GHG) in the world,” and that the Pentagon is responsible for between “77% and 80% of all US government energy consumption” since 2001.  The US military is consuming more liquid fuels and emitting more climate-changing gases than most medium-sized countries, polluting more than 140 countries. Obscuring the reporting on this, the United States, which exempts its military from environmental laws, insisted on exemptions from reporting of the military emissions of all countries from climate agreements. The U.S., has itself escaped such reporting by exiting the Paris Climate Accord.

It is not clear, but these staggering figures about fossil fuel use probably don’t include the fossil fuel consumption related to the initial manufacture of weapons.  Consider also that replacement, or nonreplacement, of what is bombed, burned and incinerated also must entail substantial additional environmental costs.
                                     
It is not just greenhouse gas emission pollution that the military produces: In 2010, a major story that went largely unreported was that the U.S. Department of Defense, as the largest polluter in the world, was producing more hazardous waste than the five largest US chemical companies combined, and that just some of the pollutants with which it was contaminating the environment were depleted uranium, petroleum, oil, pesticides, defoliant agents such as Agent Orange, and lead, along with vast amounts of radiation. Following our bombings, birth defects reported in Iraq are soaring. A World Health Organization survey tells us that in Fallujah half of all babies were born with a birth defect between 2007 and 2010 with 45 per cent of all pregnancies ending in miscarriage in the two years after 2004.

Another thing we face that has been deadening to the human spirit has been the increasing “othering” of people who we are made to think are different from us.  Frequently now that’s immigrants from other countries who are black or brown.  Often that “othering,” as with Muslims, is stoked in ways that may cause us to support or tolerate wars in which those others suffer most and towards whom hostilities are often officially directed.  We may also forget how our wars and military activity push the flow of populations forcing people to migrate across boarders, as, for instance, with those leaving Honduras after our country helped bring about the military coup that replaced the government there.

Also basic and underlying so many of our problems are racial, income and wealth inequality with concomitant inequality in power and influence. These are things that Reverend Martin Luther King, Jr., who practiced ministry through activism and activism through ministry, labored to eliminate.  Not long before he was assassinated, King also began to speak out against the Vietnam war saying the great challenge facing mankind is to get rid of war.  Before he did so, he carefully weighed cautions urged on him that as a civil rights leader he shouldn’t do so, that it would undermine support for his civil rights work, split his coalition, and that these issues should not be joined together.  But King concluded that the issues were tied together and decided that he would address them on that basis.

When King expressed his opposition to the war in his very famous “Beyond Vietnam -- A Time to Break Silence,” delivered in this city’s Riverside Church, New York City, April 4, 1967, one year to the day before his assassination, he said he was “increasingly compelled to see the war as an enemy of the poor and to attack it as such.”  He spoke of the disproportionate toll that waging war exacted on the poor and spoke of the poisoning of America’s soul. . . So it is today.

War is profitable business.  It busies packs of lobbyists who know a great deal more about often secret budgets than we, as the public, will ever learn.  But that profit drains the resources of our society enfeebling our ability to accomplish so much else.  The Pentagon and military budget is about 57% of the nation’s discretionary budget.  If all of the unknowable black box spending that goes into the Military-Industrial-Surveillance Complex were included, that percentage could well bump up higher.  We spend more on military spending than the next ten countries combined (or seven, depending on the year and who calculates), and we spend much more than all the rest of the countries in the world left over after that.  Of course, much of that spending by other countries is on arms we supply making the world dangerous.

We may not fully know about or have a complete accounting of all the dollars we spend in these areas, but, in May of 2011 after the U.S. announced that it had killed Osama Bin Laden, the National Priorities Project calculated that, as of that time, “in all, the U.S. government has spent more than $7.6 trillion on defense and homeland security since the 9/11 attacks.”  Point of reference: a “trillion” is one million millions.

Just the increase in the military spending in the last two years since Trump came in is as much as Russia spends on its entire military budget ($66 billion).  Similarly just that increase is greater than the entire military budgets of Britain ($55 billion) or France ($51 billion). 

Our fixated disposition to keep spending more is entrenched: Even Elizabeth Warren, a senator from Massachusetts who promotes herself as a left wing progressive, voted in 2017 to increase the defense budget by $80 billion, surpassing the $54 billion increase requested by President Trump.  60% Of House Democrats voted for a defense budget far bigger than Trump requested.

Perhaps most disquieting and insidiously corrupting to our morality and our souls are the pretexts we adopt to justify going to war and to abide its horrors, particularly when we leave those pretexts dishonestly unexamined.  The public flailed and many among us continue in their confusion, unable to sort out that Iraq did not attack the United States or have weapons of mass destruction before the second war that we unilaterally and "preemptively" launched to invade that country.  Before our first Gulf War attack on that country there were no slaughtered `incubator babies’: That was just a brazen, cynically staged public relations scam.  Similarly, how few of us know and recognize that Afghanistan did not attack the United States on 9/11– We precipitously invaded that country because the government there was at that time asking that procedures be followed and proof furnished before it would assist in finding and turning Osama Bin Laden over to the United States.

The foreign country that was most involved in 9/11, and from where almost all of the men identified as the alleged 9/11 hijackers came, is Saudi Arabia.  Saudi Arabia is the country to which we are selling massive amounts of weapons (making it that world’s third biggest military spender) and it is the country with which we are deeply involved perpetrating war crimes against Yemen.

In the Vietnam War, our second longest war, it was the Gulf of Tonkin incident that, not being what it seemed nor reported to be, was the pretext for war.

Perhaps hardest and most challenging to our susceptibilities as caring people striving to be spiritual and attentive to justice are the pretextual manipulations to which we are subject in regard to what Noam Chomsky and Edward Herman spotlighted as the selective distinguishing between “worthy” versus “unworthy” victims.  “Worthy” victims are those who, whatever their number, deserve our outrage and are a basis for calls for the international community to mobilize toward war.  “Unworthy victims” are those who can die en mass without attention or recognition like the tens of thousands of Yemeni children who have died for lack of food, water and medicine because of Saudi Arabia’s blockade assisted by the U.S..  Often, as with Palestinians removed from their homelands, these victims are blamed for their own victimhood.

Additional layers of pretext pile up when we encounter journalists and whistleblowers willing to be the messengers of war crimes.  We punish those messengers while, concurrently, there is no consequence for those who perpetrate the war crimes.  Often the perpetrators are promoted to higher office. That includes those who illegally torture others to coerce useless, undependable, and likely false “confessions.”  Thus we punish and torture Julian Assange and Chelsea Manning for exemplifying what Daniel Ellsberg called “civil courage.” Thus we vindictively send CIA whistleblower John Kiriakou to prison for disclosing his agency’s torture program.

Wikileaks, Julian Assange’s organization has published much that is embarrassing to the United States and those in power, much of it is particularly embarrassing to the U.S. military.  Wikileaks has never published anything that was untrue, but the truth of what it has published is disruptive to the official narratives of the war establishment. That establishment has been seeking vengeance against and to neutralize Assange since events in 2010 when in April Wikileaks published documenting gunsight video footage, under the title of “Collateral Murder,” of a US drone strike on civilians in Bagdad provided by Chelsea Manning.  The New York Times and Washington Post did not respond to Manning’s attempts to publish that same footage through them or other evidence of U.S. war crime in Iraq and Afghanistan.

Anyone who wants proof of the pretextual nature of the United States’ persecution of Julian Assange and of the ghastly and sometimes illegal, abuse of inordinate power against Assange should watch or listen to Chris Hedges June 8, 1019 “On Contact” interview with UN Special Rapporteur on Torture Nils Melzer (“On Contact: Julian Assange w/UN Special Rapporteur on Torture”- Chris Hedges is an ordained minister in the Presbyterian Church).  The attacks against Assange began with a highly orchestrated campaign of character assassination.  They have progressed to things far worse.  Both Assange and Manning (who was pardoned from a 35-year sentence after seven years of confinement that included the torture of Manning) are now being held in prison, no end in sight, for no crimes of which they have been convicted.  I think we have to agree with the criticism of this as psychological torture.  The continued torture of Manning is an effort to get at Assange even if that were to involve forcing Manning to lie.

The United States wants Assange extradited to the Unites States to be tried for the crime of practicing journalism that was unflattering to the United States government. Somehow we have the highhandedness to conceptualize this journalism to be treason although Assange is a foreign national. Assange faces no other charges. Under the laws pursuant to which the U.S. would try him, Assange, like the exiled Edward Snowden, would not be permitted to introduce any evidence or argument that disclosing illegal U.S. activity or war crimes benefits the public.  It’s said that the United States wants nothing more than a show trial and I think that must be considered obvious.

When Assange sensed in 2012 that trumped up charges in Sweden would be used as a subterfuge to transfer him to United States custody for such a show trial he obtained political asylum in the Ecuadorian Embassy in London. For this, a British judge sentenced Assange and had him serve 50 weeks in a high security prison for “bail jumping”; that’s just fourteen days short of the maximum possible sentence, although the obviously trumped up charges for which Assange had posted bail were withdrawn, negating the original bail terms as a result.  A normal, typical sentence for bail jumping would have entailed only a fine, in a grave case, a much shorter prison sentence.

Britain was able to send police officers into enter the Ecuadoran Embassy to arrest Assange for “bail jumping” and then later hold him, without other charge for pending extradition to the United States, because of a change in the Ecuadoran government that was evidently CIA assisted, and as the United States was dangling financial aid for that country.  Assange’s eviction from the embassy, along with his being simultaneously stripped of Ecuadoran citizenship, was done without due process.
 
The persecution of Assange casts a long shadow to intimidate other journalists, whistleblowers and activists as they themselves are being intimidated about disrupting the preferred narrative concerning America’s militarily asserted empire.  Other providers of news simply lay low not reporting things.  As neither the New York Times nor the Washington Post reported it, you may not have heard about the recent scary SWAT style arrest of journalist Max Blumenthal by Washington D. C. police hours after he reported about the United States government funding of the Venezuela Juan Guaidó coup team.  Blumenthal was shackled and held incommunicado for an extended period. Not long after that the D.C. police went out to similarly arrest activist and journalist Medea Benjamin when she publicized the U.S. backing of coups in Venezuela and Bolivia.

With silenced journalists, will we, based on unchallenged pretexts, send our military into to change the government of Venezuela as there is talk of doing?  In Bolivia the coup we sponsored has been successful without that.  Meanwhile, there is talk of pretexts for military actions against Iran, Russia, North Korea.

Journalists who still show courage, are subject to exile, sometimes self exile, from their journalistic homes, to alternative media outlets, where, like Assange, they are likely to be less heard and will be more vulnerable. Journalist Tareq Haddad just announced that he resigned from Newsweek because that publication has been suppressing a story of his.  His story was about the whistleblower revelations of buried evidence that the supposed 2018 Duoma chemical attacks by Syrian president Assad on his own people was fairly obviously a concocted fabrication when it was used as a justification for the U.S. to bomb Syria.  Remember our bombings of Syria?  The was another in 2017. It was for such bombings of Syria the press declared that Trump was finally `presidential,' and, as the cruise Tomahawk missiles launched, MSNBC’s Brian Williams spoke of being “guided by the beauty of our weapons” using the word “beautiful” three times in 30 seconds.

The strenuous suppression of these voices like Assange's that would disrupt official narratives shows how the conduct of war has a tight moral link to the choices we make to speak out against war and against the suppression of the voices that oppose war.  In his sermon against war at Riverside Church that day one year to the day before he was killed, Reverend Martin Luther Kings Jr. said that, “men do not easily assume the task of opposing their government's policy, especially in time of war.”

King also said that, when assuming the task of such opposition, it was difficult to break free of the “conformist thought” of the surrounding world.  Indeed, with the complicity of a much more conglomerately owned corporate media than in King’s time, it seems as if there is a secularly consecrated catechism of what we know we as Americans are not supposed to say, what we must veer away from and avoid.  We subscribe with almost religious ferocity to the belief that American exceptionalism justifies all our actions in the world.  It feels, as if in our bones, that we know that to violate this proposition and say something else would create a rumbling disturbance in the force (you know, “Star Wars”).  Or is our silence, merely something less profound than that, just the equivalent of what we think would be an exceptionally super-rude topic to bring up at a family Thanksgiving or holiday diner?
                               
Dr. King correctly foresaw that there would be significant prices he would have to pay for speaking out against our country’s war.  He concluded that he had to do so, that he had to `break the silence,’ despite the prices he knew he would have to pay. He felt that doing so was the only thing he could do and remain true to himself and his causes.

Ana, I have no doubt that there would be prices you would have to pay if you spoke out for peace; if you spoke out against war.  I also acknowledge that there are prices our congregation could face.  Relatively recently the FBI has raided the homes of public nonviolent peace activists who have long, distinguished careers in public service.  (And the FBI has also been investigating nonviolent climate activists and Black Lives Matters activists.)  But I urge you to deliver a sermon about peace because it would be the right thing to do.  Perhaps it could go along with a rededication of our sanctuary’s Peace Chapel. And, perhaps,  if you would give a sermon like Dr. King gave against our wars, it might do more than just be a good thing in its own right: It might serve as a model for the ministers of other congregations who would follow suit.

Maybe, as in Martin Luther King Jr.’s day, there can again be a time when people see the call for peace as a spiritual issue and our church’s, temples and congregations again take a lead role in calling for peace and an end to our wars.

Have I made the subject of peace sound as if it is complicated?  If so, I am sorry.  That can be a problem in itself.  At bottom, shouldn’t this all be so simple?  Peace, supporting peace, speaking out for peace. .  Something very simple.
 
            Last night I had the strangest dream
            I never dreamed before.
            I dreamed the world had all agreed
            To put an end to war.*

* From “Last Night I Had the Strangest Dream,” by Ed McCurdy- 1950,
 a precursor of sorts to “Imagine” by John Lennon and Yoko Ono- 1971

 Sincerely,

Michael D. D. White


Monday, October 28, 2019

New Book “Home Wreckers” Identifies NYPL Trustee (And 42nd Street Library Namesake) Stephen A. Schwarzman As Key Culprit (Along With His Friends and Neighbors) In The Huge Theft That’s Responsible For Depleting Wealth of Other Americans

NYPL trustee Stephen A. Schwarzman, a principal subject in Aaron Glantz's new book, "Homewreckers," is featured prominently on its cover and scrutinized within the pages inside.
It’s time to write, yet again, about why NYPL trustee Stephen A. Schwarzman has a terrible reputation that sinks lower and lower with everything you ever find out about him. 

We just got finished writing about Mr. Schwarzman in connection with his friendship and praise for the Crown Prince Mohammed bin Salman (MBS).  Crown Prince MBS is the Saudi leader who has enmeshed our country along with his in the war crimes and siege warfare against Yemen and he is the one everyone is looking at in connection with the dismemberment murder of Jamal Khashoggi.  See:  Stopped!! NYPL's Plan To Turn Over Its 42nd Street Central Reference Library Grand Celeste Bartos Ballroom For Event Honoring The Infamous Saudi Crown Prince Mohammed bin Salman (Good Friend of Stephen Schwarzman?)

We were writing then because of the plans the NYPL had to turn over its Grand Celeste Bartos Ballroom space in the famed 42nd Street Central Reference Library for Prince MBS to have a reputation laundering event where Prince MBS would teach young people how to manage their reputations.  It seems like everything these days is about reputation laundering for reputation management.  See: As The Brooklyn Public Library Holds Gala At The Barclays Arena Honoring Nets And Barclay’s Arena, Citizens Defending Libraries Is There With A Message: End Faux Philanthropy; Take Less And Don’t Sell Our libraries! and A Flourish of Stories About So-Called Philanthropy Being Used As A Guise For Diminishing The Public Commons– That Includes Libraries.

Yes, in its great unfettered wisdom, the NYPL, its trustees and senior management, was going to allow the Crown Prince to launder his reputation in the grand 42nd Street Library that, already for reputation laundering purposes, is now officially and ostentatiously called the “Stephen A. Schwarzman Building.”

In that article about MBS and Schwarzman we also passed along information about Stephen A. Schwarzman hobnobbing happily with Gislaine Maxwell, now famous and in the news for the stories about how she was the key and apparently foremost helper, Jeffrey Epstein’s number one elf, in running his pedophiliac sexual and political blackmail ring. . . and we passed along information about how Mr. Schwarzman and his businesses factor prominently in the burning up and deforestation of the Amazon rain forest.

As usual with Mr. Schwarzman, if you hang around a little while, there will be more information arriving that, if it is at all possible, drags your opinion of him down even further.

Now there is a new book out featuring its outstanding villains conspicuously on its cover.  Yes, Stephen Schwarzman is one of the main ones the book tells us stories about.  The book is Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Shady Banks and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream, by Aaron Glantz.  Glantz has won a Peabody award for investigative journalism and was a recent finalist for a Pulitzer Prize for his reporting on modern-day redlining.

Glantz’s book which has, on its cover, members of what Glantz describes as “President Donald Trump’s inner circle” has, in addition to Schwarzman and Trump, Trump Cabinet members Steven Mnuchin, the current Treasury Secretary of the United States, and Wilbur Ross the current United States Secretary of Commerce.  Helping make Schwarzman more officially a member of that Trump inner circle is that, as you can pick up from the caption to one of the photo illustrations in the book’s interior, Trump made Schwarzman chair of his strategic and policy forum of corporate advisors and “titans”– You see Trump sitting next to Schwarzman at one of its meetings. (CDL video of them together here.)

Glantz’s book is about the unfettered mechanics of an enormous transfer of wealth that robbed a substantial portion of Americans of the share of national wealth they once traditionally held, enriching a very few at the very top and very specifically the men on the cover of the book as the prime examples.

Glantz is smart to stand back and unfold his story in big picture terms, laying out the two main aspects it divides into.  First, the astonishing transfer of wealth that occurred, removing almost all the wealth and financial security from a broad base of Americans, and secondly, how unfair that transfer to a small elite group of insiders was, accomplished by financial manipulations which government aligned itself to assist, and sometimes even subsidized to make the seizures riskless for those seizing the wealth, and which oft times descended into unchallenged illegalities.  Schwarzman was a leader and one of the few key players in these events as Glantz tells the story.

Talking about his book recently on Democracy Now, Glantz speaks of how so “much of Americans’ wealth is in their homes,” because we as Americans have very few other ways to save.  Thus it is of enormous consequence, as he points out that “eight million Americans lost their homes in the Great Recession” with financial groups like Schwarzman’s acquiring those homes through foreclosures.  Now, points out Glantz, “we live now in a society where the wealth gap between the richest one-tenth of 1% and the other 90% is bigger than it’s been in a hundred years.”  And with that shift of wealth along with power comes other things: Although Glanz didn’t note it, the very wealthiest are now paying taxes at a lower overall rate than the middle class.  Schwarzman is an advocate of taxing the poor more.

The Democracy Now interview with Glantz is at: Part 1 (part of DN daily broadcast): Homewreckers: How Wall Street, Banks & Trump’s Inner Circle Used the 2008 Housing Crash to Get Rich, October 15, 2019, and Part 2 (DN Web Exclusive): “The Federal Government Actually Paid Him”: How Steve Mnuchin Profited from the Housing Bust, October 15, 2019.
           
More specifically Glantz observes:
    . . . the richest 0.1 of 1% of the American people have the same amount of wealth as the other 90%. And that is because, in America, 80% of most middle-class families’ wealth goes to only five things: food, housing, shelter, transportation, healthcare. All those other things, besides housing, just disappear as soon as you spend your money. Housing is the only way that most Americans have to save. The average American family has $4,000 in the bank. So, either you put your money in equity in your house, or you pay it to your landlord,
Glanz then asks “who profited” off this transfer of wealth through foreclosures on these homes.  Glanz spotlights Invitation Homes, founded by Schwarzman and his Blackstone group, as one of the main profiteers, and observes that Schwarzman’s company now owns 80,000 homes all across the country.  In 2013, on Charlie Rose just a few years after the great recession began, Schwarzman was able to brag that his was the “largest real estate investor in the world” and that:
We started actually buying individual houses from Foreclosure about a year and a quarter ago. We're now the largest owner of houses in the United States.
Indeed, unsurprisingly, Glantz’s book confirms that the “biggest buyer of foreclosed homes was” Schwarzman’s “Blackstone Group.”  On that Charlie Rose broadcast, Schwarzman told Rose that he had absolute confidence in the future of the housing market in the United States in light of the real estate market turnaround following the Great Recession’s downturn, which enabled that wholesale acquisition of foreclosed homes by him and his company, and that “in fact it's turned out to be so even faster than we wanted it to.”  Presumably, he could only have been meaning that had the downturn continued longer he would have been able to buy up still more foreclosed homes to profit even more.  See: Noticing New York: On Charlie Rose NYPL Trustee Stephen Schwarzman Confirms Suspicions: His $100 Million To The Library Was Linked To NYPL’s Real Estate Plans, June 22, 2013.

When Americans lose the wealth of their home investments, they lose more: They are at the mercy of the decisions of landlords to increase rents or to neglect to make habitable the premises they then need to rent.  Glantz notes of Invitation Homes that because it’s a publicly traded company you can “very clearly their rent increases” and “the relatively small amount of money they spend on maintenance.”

Something else has happened, a shift of wealth on another level, with all these foreclosures.  Glantz writes:
The Obama administration's bulk sales gave rise to a class of landlord that has never been seen before.  At the beginning if 2012, national Real Estate Investor magazine reported, not a single landlord owned as many as a thousand single-family homes.  But just two years later, industry analysts were tracking more than a dozen vulture companies that had swooped in after the housing bust to buy thousands—removing then from individual ownership and concentrating wealth in the hands of billionaire investors.
More explicitly, his book covers how, until this sea change, the landlord industry had been mostly an industry run by moms and pops, dominated by “small investors doing it locally across the country.”  In other words, those renting to tenants once comprised an interstitial layer of  a somewhat more wealthy group of people with closer ties to the community.   Their absence from the local landscape leads to other consequences; writes Glantz: “the corporate landlords were far more likely to file eviction notices than mom-and-pops.”  In fact, the way in which the Blackstone and Invitation Home owners have supplanted the mom and pop landlords means that landlords who once made personal and judgement based decisions about whether to evict families and how to accommodate hardships when families are pulling themselves through a financial crisis have been replaced by a whole new eviction industry running based on numerical formulae. . . .

. . . Worse, that new eviction industry is now pursuing practices that are apparently designed to make money out of the cycle of fines and desperation that launching threatened and actual evictions entail, with, for instance, some owners who “see the late fees they impose prior to eviction as extra income,” given that tenants can wind up paying “22 percent more every year in housing costs because of the added fines and fees.”  That is not to mention that just raising the rent extraordinarily can be a de facto eviction, and the fact the cost of low income housing, rising faster than inflation, is also rising even faster than expensive apartments.

The late-paying renter, with already limited options, is less able to move because they don’t want an eviction notice trailing them around, and is this forced to continue paying nearly unaffordable rent.  They are:
thus transformed into a perpetual debtor. Never able to catch up, her power to demand basic services or repairs, to complain about anything at all, dwindles from little to nothing.
This was covered in (and quotes above come from) the recent multi-part “On The Media” series about the alarming current state of eviction in the United States, The Scarlet E (especially Part III of the series)* : See: The Scarlet E, Part I: Why?, June 7, 2019, The Scarlet E, Part II: 40 Acres, June 14, 2019, The Scarlet E, Part III: Tenants and Landlords, June 21, 2019, and The Scarlet E, Part IV: Solutions, June 28, 2019.
(* This On The Media series done by co-host Brooke Gladstone, is an example of the excellence of the work On The Media can often produce, and used to do so more regularly, but it makes for a confusing problem, because On The Media recently has also been churning out some truly appalling propaganda pieces, particularly when it involves reporting on narratives concerning information from the intelligence communities and rationales for more perpetual war.  Typically, it's been co-host Bob Garfield who has become the prime mouthpiece for these suspect pieces.  Whereas, On The Media used to encourage a meta-awareness of media and often used to teach media literacy by interrogating narratives offered by other sectors of the media, Garfield now, more and more, seems to be stenographically transmitting talking points from the intelligence communities and military industrial complex.  It’s been so bad that Garfield even had to broadcast a mea culpa in one follow-up segment- May 24, 2019, his apology though wasn’t as maxima culpa as it should have been.  Very interestingly, Garfield’s mea culpa segment stands out exceptionally on the On The Media site as one for which there has been no transcript provided, making it less likely to Google- Garfield's more important apology is thus harder to find than the original apologized for segment for which there is a transcript.)
The Scarlet E series explains how, as the Blackstones of the industry Walmartize property ownership, the increased “social distance” with landlords no longer personally talking with or intimately interrelating with tenants means there are no personal or locally tailored solutions to problems or avoiding cycles of despair.

The Scarlet E also notes (Part II) that tale that the data tells: “One of a plague that could have been contained had it not been purposefully designed to diminish the wealth and power of specific populations–black and brown ones.”

During the Democracy Now interview of author Aaron Glantz, Juan González brought up “the disproportionate impact that this loss of equity in all these homes had, especially on the African-American and Latino communities, which were even more dependent on home equity for what little wealth they had or net wealth they had.”  In fact, the following week in a Democracy Now interview with Keeanga-Yamahtta Taylor, an assistant professor at Princeton University about her new book, “Race for Profit: How Banks and the Real Estate Industry Undermined Black Home Ownership,” it was noted that:
Recent census data reveals the homeownership rate for African Americans has fallen to its lowest level since before the civil rights movement. In the second quarter of this year, the rate fell to just 40%, the lowest level since 1950.
Glanz responded to González noting that:
What we see is that banks, like Steve Mnuchin’s bank, concentrated their foreclosures in communities of color. And then, when they started making loans again when the economy improved, they didn’t make loans to those communities. [virtually none– Glantz gives numbers.]
And now Steve Mnuchin, as the treasury secretary, is in charge of regulating every American bank.
The book depicts how, throughout the transfer of homeownership wealth and equity resulting from the Great Recession, the government wasn’t on the side of the resident homeowners; it was on the side of the big investors like Schwarzman.  In the Democracy Now interview Juan González note, “Julián Castro, now a presidential candidate, was at HUD supposedly in charge of the efforts to assist homeowners, and that’s come under heavy criticism, what the Obama administration did to help these homeowners.”
                       
Big picture, some may remember– everyone ought to remember–  that at the beginning of the Great Recession there was even a question about whether a firm like Goldman Sachs would go bankrupt given the risks it had taken along with similar financial institutions that were bad bets. The bad bets and inappropriate risk taking on the part of Wall Street firms were what triggered the enormous economic downturn that negatively affected everyone else in the economy. Other firms, Lehman and Bear Stearns did collapse, and if firms like Goldman had been allowed to fail it could, properly handled, have led to a generally desirable break up the monopolies in the industry that are not good for democracy (see Tim Wu’s work).

Instead, with Goldman advisors sitting in the top positions in government guiding most of the decisions, government saved Goldman and the rest the firms like it, coming to Wall Street’s rescue.  Government did not concentrate on rescuing the resident homeowners who had been negatively affected by Wall Street’s bad decisions.  It was a question of how and where the money to “rescue” the economy was pumped into the economy.  It went to the financial sector and was used to fund the overall transfer of homeownership wealth.

In 2008, there was fear of a “deflationary recession” as had occurred during the Great Depression. In essence, that’s a market recognition that values of homes were now inflated.  A recognition that homes generally were not worth what had been presumed when banks made loans on them would normally mean that both the homeowners and the bank that lent them money would be forced together and at the same time to cope with the fact that they had both made bad more or less, the same, mostly shared bad decisions about the market.  If the home is worth less than previously, there aren’t alternative buyers on the horizon and the bank’s best outcome is to write down the amount of the loan and allow the resident homeowner to pay off a lower mortgage amount or pay a reduced rate of interest.  In that case, the wealth reflected by the homes doesn’t get transferred elsewhere.

There are ways to avoid “deflationary recession” and keep the resident homeowners in place. That’s if the choice is to bail out homeowners (rather than Wall Street), and Glantz told Democracy Now that there were many “very senior people” inside the Obama administration who pushed for those kinds of programs as an alternative response, but he says that advice was consistently ignored.  Glantz says:
all these people came forward, and they said, “We don’t need to bail out the banks. We can have a program like Franklin Roosevelt did back in the 1930s to bail out the people.” And then learning that that New Deal program actually made money for the government as it helped millions — it helped a million Americans stay in their homes, created the 30-year fixed mortgage, and then how, even when foreclosures happened, this government-run bank sold them off one at a time to individual families instead of in bulk to speculators . .  there were like very senior people in the room who were making this argument the whole time, who were just ignored every step of the way.
Instead, the threat of deflation was battled by pumping up the market back up by streaming money into the hands of the banks.  With pumped in funds, the financial sector, sidestepping the need to take necessary loses and it gained the upper hand to force transfers.

In the Scarlet E series it is noted that what made things significantly worse for the prospect of resident owners continuing to own their own homes was the way the banks, who had previously been requiring little equity be paid before the Great Recession, changed the borrowing rules as the federal “rescue” money flowed to Wall Street.  The changed rules favored big investors:
 . .  banks went from stupid to stupid . .  they [started giving out loans to no one]. You had to put 25, 30 percent down. So then the question is who has the opportunity to take advantage of this market. The answer I think is larger landlords or private equity; people that have capital. . .  that property gets consolidated in fewer and fewer hands. And so then the house -- the most intimate of spaces the most sacred, protected of spaces -- the house becomes a pure commodity and it becomes something that's driven completely by a market logic.
Under the terms by which some of the federal money was dispensed, there were, in theory, some rules at least, to benefit the beleaguered homeowners.  They were supposed to be followed by the banks getting the federal dollars being pumped in.  Glanz, however informs us about how those rules were not, in fact, followed.

Part of Glantz’s book involves tracking the stories of actual individual homeowner families affected by the crisis.  One of the happier through lines of these stories in his book is about Sandy Jolley, albeit, she is one of those lost her home to foreclosure.  After losing her home, Ms. Jolley won an $89 million whistleblower settlement against Steve Mnuchin’s bank. An attorney who took her case had her meet with the  Justice Department, the FBI, and the HUD inspector general when she contacted him to present “evidence of a massive fraud.”  Of that multi-million dollar settlement, Ms. Jolley got $1.6 million for herself.  It took ten years.  By that time, Steve Mnuchin had profitably sold his bank and was the Treasury Secretary.  Also, Glantz points out that while Mnuchin’s bank had to pay the $89 million whistleblower settlement, it had received over $1 billion in federal subsidies in connection with its foreclosure portfolio.

In his book Glantz describes the sweet deal “loss-share” agreement subsidies that his “homewreckers” got from the government; Mnuchin for OneWest Bank, John Otting for US Bank, Wilbur Ross and Stephen Schwarzman for BankUnited–  The banks got to keep all the money they made on foreclosures or anything else, but if they “lost money foreclosing on homeowners, the government would pay for it,” to the tune of billions of dollars. By the way, note how this lays the pavement on the raceway to speed up home foreclosures all the more.

In Glantz’s Democracy Now interview, there was a natural focus on candidates now running in the 2020 presidential campaign.  In addition, to noting, as mentioned above, that Democratic presidential candidate Julián Castro was at HUD when HUD and the federal government was failing so miserably to address the needs of those who owned their own homes, Glantz gave prominent mention in the interview to the fact that a number of the other Democratic candidates in the field have plans “to tackle the housing challenges of ordinary Americans, many who are still struggling after the devastating 2008 housing market collapse.”  Specifically listed as having proposals are Bernie Sanders, Elizabeth Warren, Cory Booker, and Pete Buttigieg.  Joe Biden was mentioned as apparently having no plan.  Julián Castro got no mention as having a plan.  Glantz also made specific mention that “Kamala Harris says she wants to put $100 billion towards promoting African-American homeownership.”  And he noted “black homeownership rate in this country is below the level that it was at when segregation and discrimination was legal.”

That made it sound like Kamala Harris could be depended upon to be part of a solution.  But, as needs to warned, Democracy Now’s often excellent news coverage tends to give you about 85% of the news.  It’s been said that Steve Mnuchin would probably not be Treasury Secretary today if he had been prosecuted for his bank’s mortgage fraud in California back when it was happening.  (And much the same applies to Wilbur Ross as Commerce Secretary.)  And prosecuting Mnuchin and his bank is something it has been noted, Kamala Harris, who was Attorney General of the state of California at the time didn’t do.

Although it went unmentioned in the Democracy Now interview, Glantz’s book deals (pages 86 to 88) with how Mnuchin’s bank OneWest falsified and backdated documents and evaded other required procedures in order to accelerate the foreclosure mill operations maximally- it would also have disqualified the bank from receiving more federal foreclosure subsidies.  Kamal Harris disregarded the “strong recommendations of her staff” and did not sue Mnuchin’s bank.

Something else you didn’t hear on Democracy Now that you would have heard if you were picking up your news from Jimmy Dore’s Radio Show (one of the shows on WBAI radio, currently subject to a destructive dismantlement attack on the Pacifica Public Radio Network)— Steve Mnuchin has since that time been a donor to Kamala Harris’ campaigning.  In other words, if you get a lot of your news from Democracy Now, you need to work to supplement what you hear there by informing yourself from other sources as well.

Citizens Defending Libraries has included the following in flyers it has distributed:
It has been noted that if Steve Mnuchin had been vigorously prosecuted at the local level for his business’s mortgage fraud, misrepresentations, backdating and falsification of documents to rev up the pace of his OneWest foreclosure mill, he wouldn’t be Treasury Secretary, appointed by Donald Trump today- Similarly, had NYS Attorney General Eric Schneiderman investigated the shrink-and-sink Donnell Library plunder with Blackstone’s Stephen A. Schwarzman involved on the selling side and Trump son-in-law Jared Kushner as principal financial beneficiary, those two Trump henchmen might not be in significant positions of power today.  The whole political landscape at the national level could be different, not to mention having healthier local politics.
Two of the co-founders of Citizens Defending Libraries spoke to Amy Goodman, the Democracy Now host who created the Democracy Now program (incubated out of WBIA radio her in NYC), on November 12, 2015 at the Brooklyn For Peace fund raiser where Ms. Goodman was honored and they discussed with her why Democracy Now should cover these matters and the sell off and shrinkage of New York City libraries.  We sent follow up materials to the Democracy Now producers about what that coverage ought to consist of.  Democracy Now never followed up and never covered this other story other story they could have covered involving Steve Schwarzman before Trump was elected and Schwarzman appointed the head of Trump’s economic policy council.

Not only did the unprosecuted Mnuchin become Treasury Secretary, he was able to sell his OneWest bank at a nice profit.  Glantz makes a point in his book about how small the club of elites is.  The club is so small that Mnuchin did no have to go very far at all to sell his bank, he sold it to his neighbor John Thain owning another apartment in the 740 Park Avenue where they both live.  Glantz makes a point about how many of the characters in his book, corporate raider Ronald Perlman, Steve Mnuchin, former Goldman chief John Thain, and Steve Schwarzman all reside at 740 Park Avenue.  Nowhere in Glantz's book does he mention that the address is also famous as David Koch’s address or that the conglomeration of billionaires at 740 Park Avenue was the subject of a documentary about escalating wealth and income inequality that Alex Gibney made, “Park Avenue: Money, Power & the American Dream.”

Schwarzman’s apartment at 740 Park Avenue was formerly owned by John D. Rockefeller, Jr.  Small world, he bought it from another wealthy NYPL trustee.  It’s twenty thousand square feet, has thirty-five rooms, thirteen bathrooms.  Schwarzman doesn’t have to worry about going out to the public library, he has his own “pine-paneled library” in the apartment.  The apartment is just one of Schwarzman’s homes. Amy Goodman’s reaction on Democracy Now:
So, when you want to sell banks or whatever, you just go trick-or-treating in your own apartment building.
In his book, Glanz describes the lavish birthday parties Schwarzman has given himself, both his sixtieth birthday party in 2007 (where the wealthy attending came dressed as European nobility of the past and “Among the most popular costumes was Marie Antionette"- Rod Stewart was paid something around $1 million to perform and Patti Labelle sang as well) and his seventieth birthday (Gwen Stefani sang there).  The seventieth was quite as lavish as the sixtieth, live camels, trapeze artists, fireworks, etc., but Glantz notes that while the 2007 birthday's lavishness “sparked condemnation” even from conservative sources, by 2017 with Trump in office, this kind of excess was taken largely in stride, going mostly unnoticed and unremarked upon.

Glanz’s book says that “Schwarzman sought to rehabilitate his image” after his “controversial [sixtieth] birthday party” by transferring $100 million to the New York Public Library, which is when Schwarzman’s name was put on New York's  42nd Street Astor, Tilden, and Lenox Central Reference Library (the one with the lions).  Glanz apparently didn’t do enough research on Schwarzman to realize that this $100 million transfer was not merely for reputation laundering purposes, it was also intended to jump start New York library real estate deals, including the first one, the shrink-and-sink Donnell Library sale that benefitted Jared Kushner.                               

Schwarzman is thoroughly covered in Glantz’s book, which is 330 pages before the acknowledgments start.  Schwarzman gets mentioned some 53 there and his Blackstone gets mentioned some 41 times in all.

Blackstone, acting quickly. has a defense web page site up with Invitation Homes attacking the book:  Correcting the Record on Blackstone and Invitation Homes- Correcting the numerous falsehoods and mischaracterizations in Aaron Glantz's recent book that references Invitation Homes and Blackstone.  Nevertheless, when you look at that web site, it s not clear what are asserted to be the "numerous falsehoods," what would make them "numerous," or what the corrections are that the site means to offer.

The New York Times has just reported that NYPL trustee Stephen Schwarzman, Treasury Secretary Steven Mnuchin, and Jared Kushner are all going to Saudi Crown Prince Mohammed bin Salman upcoming economic event despite the infamy.  Despite the dismemberment killing.  Despite Yemen.  It’s just business- as usual.

Notes the Times article:
Since then, many executives have pledged to continue their partnerships with Saudi Arabia, which range from joint investments in entities like Blackstone’s multibillion-dollar infrastructure fund. . .
The Schwarzman Blackstone multibillion-dollar infrastructure fund deal is Saudi seed money to be used to privatize American infrastructure.

Privatization, whether it it turning libraries into real estate deals or selling American infrastructure, is a symptom of wealth inequality.   It means that accumulated wealth, running out of other things in which to invest its capital, needs to start buying up what was previously the public commons as one of the few things still left to acquire and collect rent on. It also reflects how the increasing imbalance of power enfeebles the public’s ability to fend off these encroaching advances.  Lastly, with the shift of resources to the wealthy and the powerful, there is less and less public money to invest in the public’s resources to maintain them healthily and robustly to benefit all of society. 

The parallels of such privatization to the shift of wealth described here and by Glantz with respect to homeownership are obvious.