emfizz.com
emfizz.com October 20, 2017


Kushner Family Hawks $500K Cash-For-Visa Program To Wealthy Chinese

20 May 2017, 03:33 | Terri Saunders

He stepped down from the family business in January to join the U.S. administration where he has far-reaching influence over both domestic and foreign policy.

Kushner Companies has apologized after Nicole Kushner Meyer (right) mentioned her brother Jared (left) at an investors event in China. That was not Ms. Meyer's intention.

While both deny that they are personally benefitting from their ties to the president, The New York Times reports that Kushner's sister told Chinese investors at a hotel conference in Beijing on Saturday that investing thousands of dollars in Kushner Companies can gain Chinese investors a USA visa.

The Washington Post and New York Times reported over the weekend that the Kushner Companies organization-of which top Trump adviser Jared Kushner was until recently the CEO-is soliciting investments in China via a presentation given by his sister-in-law that highlights Kushner's prominence in the White House.

Jared Kushner, whose White House portfolio includes relations with China, sold his stake in Kushner Companies to a family trust early this year. "As previously stated, he will recuse from particular matters concerning the EB-5 visa program", Roberts said.

The Kushner Companies has apologized for using Jared Kushner's name during an investment promotion event at a Ritz Carlton in Beijing. The firm has long raised money for its real estate ventures from the EB-5 program, which awards legal residency in the United States to foreign investors.

Trump hints he may end daily White House press briefings
In an interview with United States media, President Trump also accused him being a "showboat" and a "grandstander". The US President told reporters "we can make a fast decision" and that it was "possible" it could be by Friday.


How the Greens could wield power in a minority government
President Donald Trump over softwood lumber and insisting her opponents knew nothing about creating jobs or balancing budgets. NDP Leader Horgan reached out to Green voters in his election night speech, mentioning issues that resonate with both parties.


Sirius XM Holdings Inc
Dynamic Technology Lab Private Ltd increased its stake in shares of Sirius XM Holdings by 1.7% in the first quarter. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion.


"They clearly imply that the Kushners are going to make sure you get your visa", he told the Washington Post.

Bi Ting, a 34-year-old woman who attended the Shanghai event, said having the name of the us president's son-in-law associated with it was "a bonus for the project". It said the One Journal Square project would provide millions in tax revenue and bring in thousands of construction jobs to New Jersey.

Kushner Companies appears to have learned their lesson from Saturday's event.

They argue the program - meant to spread economic development in poor and rural areas - merely benefits wealthy developers in big cities. "I know for certain I have made my feelings clear here on this project and what I feel works best for Jersey City". The investment is a bribe, essentially, which entitles you to fast-track entry into the US without the usual proof of education or work qualifications and even in some cases without basic law-enforcement checks. As for creating jobs, WaPo notes a GAO report flagging the EB-5 program as ripe for fraud given the amount of money changing hands. Chuck Grassley (R-IA), on Monday afternoon issued a statement calling for an end to the program.

Kushner, 36, is a senior adviser to US President Donald Trump and stepped down from the family company in January to serve in the administration. A slide displayed at the event on Saturday identified Mr. Trump as a "key decision maker" on the fate of the EB-5 program. USA lawmakers have been weighing proposed changes to the program, which would likely affect companies such as Kushner Cos. should it want to raise funds from such investors.

Sources familiar with the negotiations behind the scenes say that while lawmakers would have liked to make good on their threat to let the program fall away - rather than renew it without reform - the reality is that little progress was actually made on a reform deal that could have been agreed on before government funding ran out.



Other News

Trending Now

Paytm raises $1.4 b funding from SoftBank
There has also been a significant uptake in its movie ticketing, and travel booking (rail, bus and flight tickets) businesses. Investors like Softbank are betting big on Paytm as they expect to re-write the Alipay success story in China here in India.

Putin plays soviet classics on Xi Jinping's piano
A video of Russian President Vladimir Putin taking a turn at the ivories in Beijing is now making the Internet rounds. When Putin arrived at Xi's residence, he passed the time by playing some songs on the piano.

API Data Mixed, Saudi's Reduce Supply to Asia
The EIA forecast that US oil demand for 2017 will grow 290,000 bpd, up from its previous forecast for 250,000 bpd growth. Brent crude was up 57 cents, hovering at $50.79 per barrel, while US West Texas Intermediate jumped 61 cents to $47.94.

Let's Remind Trump What A Real Witch Hunt Looked Like
Trump has long bristled at the notion that Russian Federation played any role in his November election victory over Clinton. He said he respected the special counsel appointment but also said it "hurts our country terribly".

Officials Weigh In on Embassy Clash with President Erdogan's Bodyguards
Photos and videos posted on social media by witnesses showed a chaotic scene of flying fists, feet and police batons. He exits the black Mercedes and stands next to the open door, peering through a group of trees as the chaos unfolds.

Johnson & Johnson (JNJ) Stake Reduced by GSA Capital Partners LLP
After the most recent period, the company reported quarterly EPS of $1.83 against the Zacks Research consensus estimate of $1.77. Steinhardt John had sold 2,500 shares worth $475,100. $602,267 worth of Zynga Inc (NASDAQ:ZNGA) was sold by GIBEAU FRANK D.

Telecom sector disappointed with 18% GST rates
The tax rates will be decided in a fashion to keep their impact on inflation as well as revenues to the government near neutral. The chief minister also stated that the tax reform would result in benefits to business and industries and consumers as well.

Trump Believes He's The Victim Of 'Witch Hunt' Amid Russia Probe
Brad Sherman told reporters that it was a question Rosenstein faced more than 10 times . It looks as if Trump isn't all that happy with how things have turned out.

Memo: Trump Discussed Imprisoning Reporters With Comey
The memo reportedly states that Comey did not speak about the investigation but simply said , "I agree he is a good guy". They were warned about this weeks before the inauguration of President Trump.

Pakistan mark historic win against West Indies under retiring Misbah's captaincy
No-balls, wickets, couple of chances here and there, but you enjoy wins like this much more than straightforward wins. It was a very fine journey with him in the middle, sharing a lot of partnerships, and I loved every moment of that.