Wall Street

Who is the Billionaire Backing Marco Rubio?

Screen Shot 2015-11-20 at 6.28.44 PM

Cuban-American presidential candidate, Marco Rubio, is not quite as popular as Donald Trump and Ben Carson amongst the Republican crowd, yet.

But, after trouncing Jeb Bush in the CNBC debate on Oct. 28, he has garnered a lot of new backers that seek a serious contender that is part of the GOP establishment to go against Democratic front-runner, Hillary Rodham Clinton.

One of those supporters is Paul Elliott Singer.

Screen Shot 2015-11-20 at 6.10.15 PMBut who is Singer and what does he want out of a candidate?

Through his hedge fund company, Elliott Associates Corporation, Singer has become a self-made billionaire and is worth $2.1 billion.

His business practices have come under attack for absorbing debt at low prices from bankrupt companies and countries on the brink of financial collapse, only to sue for money at high-interest rates. Two of the countries that have taken the bait are the Congo and Peru. Argentina is currently countersuing.

Singer is one of few billionaires that Republicans go out of their way to court when they need donations for their political campaigns, the others being the Koch brothers and Sheldon Adelson. His endorsement or lack of support can make or break a candidacy.

Last year, the self-described conservative Libertarian donated $11.5 million to Republican candidates. He was a major contributor to George W. Bush’s presidential bid and supported both Rudy Giuliani and Mitt Romney’s run. After Romney was leading the Republican nomination in 2011, it was Singer that helped Paul Ryan snag the spot of running mate.

A Jewish New Yorker from the Upper West Side with strong ties to Wall Street, Singer is a strong pro-Israel supporter and is known as the “bundler”, because of his ability to rally other wealthy donors and guide their decisions towards a certain candidate.

Singer was one of the few financiers to predict and speak up about the downturn of the housing market and unstable global economy but was ignored. During the Great Recession, Singer’s company managed to remain unscathed as other hedge funds went under. Similar to the Republican elite, he is a defender of the 1%.

Unlike other Republicans, Singer is a supporter of LGBT rights. After his son Andrew came out to him in 1998 he became a strong advocate of fighting discrimination in the workplace for the LGBT community.

Defender of the 1%, pro-Israel and supporter of LGBT rights. Well, Rubio supports two out of the three of Singer’s initiatives. Rubio’s tax plan, which would make changes to corporate income taxes, would benefit one-percenters like Singer by giving them tax cuts. Rubio is also all for supporting a nuclear Iran deal that would include Israel and currently agrees to shut down mosques after the Paris attacks. However, while he is willing to respect those in the LGBT community that want to get married, he firmly believes that marriage

should be between one man and one woman,”

and has vaguely implied that he would overturn the current same-sex law if given the opportunity.

By next year, we will find out if Rubio, with Singer’s backing, will succeed or not.

 

 

 

 

What You Didn’t Know about Charlie Sheen

charlie sheen

The always controversial and sometimes tigerblood winning actor of Spanish and Irish descent, Charlie Sheen was born Carlos Irwin Estévez. Growing up, his actor father Ramón Antonio Gerardo Estévez also known as Martin Sheen, had bought him and his brother, Emilio Estévez, a Super 8 camera to make home films with their friends and other future actors Tom Cruise, Rob and Chad Lowe, as well as Sean and Chris Penn.

It wasn’t long before Sheen decided to follow in his father’s footsteps and become an actor himself. After a few uncredited roles in films that his father starred in, Sheen earned his stripes in films like “Platoon” and “Wall Street” in the 1980s and “Major League” and “Being John Malkovich” in the 1990s.

However, the Hollywood lifestyle started to plague Sheen and he fell into the trappings of drugs. By 1998, he was hospitalized for a cocaine overdose, which stalled his movie career. After going into rehab, Sheen started the 2000s strong by becoming an incredible television presence.

In 2000, Sheen replaced Michael J. Fox on “Spin City” and later won a Golden Globe for his role as Charlie Crawford. Shortly afterwards Sheen had his own sitcom, “Two and a Half Men,” and he received several more Golden Globe and Emmy nominations. By 2010, Sheen was the highest paid actor on television, making nearly 2 million per episode.

Despite his professional successes, his home life was a mess and eventually threatened his career. After three broken marriages, losing custody of four children, a broken engagement and accusations of domestic violence and  drug abuse, Sheen had a public breakdown. In 2011, he called the creator of Two and a Half, Chuck Lorre, derogatory names after his third failed attempt at rehab resulting in him getting fired from the popular show.

After finding out that he was going to become a grandfather by his eldest daughter in 2012, Sheen started getting his life back on track. He scored another hit show with “Anger Management,” regained temporary custody of his twins from his third marriage and was allowed to visit his two daughters from his second marriage.

Not only has he refocused his life on his children, and grandchild, but he has been and continues to be personally involved in several charities. He has raised and given money towards AIDS research, he  hosted a charity for rescue workers of the 9/11 attacks and he donated money from his “Truth” tour for the Japanese Earthquake relief fund. Also he donated the largest cash sum to the USO ($1 million) and started to raise awareness and funds for The Association of Congenital Diaphragmatic Hernia Research, Awareness and Support.

Fun Facts

  • Charlie Sheen is one of the few recipients of the rare Aids for Aids Angel Award (AFA Angel Award)
  • Sheen is a published poet
  • He has appeared on film with all of siblings, his father and ex-wife Denise Richards
  • He initially dreamt of becoming a shortstop for the Cincinnati Reds
  • Sheen is responsible for actress Winona Horowitz changing her name to Winona Ryder

 

Subscribe to our weekly e-Newsletter for the latest news, trends & events: click here, its quick & easy.

PHOTO ROUNDUP: Dominicans On Wall Street Holiday Party!

DOWS is a non-partisan organization that serves as a preeminent network and forum of discussion for financial market matters as they relate to the Dominican Republic and Dominican Americans. DOWS serves its members through networking opportunities, national and international seminars focused on key financial market issues, and mentoring programs seeking the educational advancement of students of Dominican descent. For more info: visit www. http://dows.ws/dowssite

PHOTO ROUNDUP: Wall Street 2: Money Never Sleeps Premiere!

So…by now you’ve all heard about Michael Douglas’ aggressive throat cancer (hence why he was not present at last night’s premiere). Our thoughts and prayers are with him and his family.

In happier news, though, the other co-stars (including two very beautiful Latinas, Marisol Maldonado-Thomas (wife of Rob Thomas, and the inspiration behind Carlos Santana‘s “Smooth”) and Natalie Morales) of this re-envisioning of the 1980’s greed classic brought the star power!

Peep the photo awesomeness below.

Biography: Charlie Sheen

Carlos Irwin Estévez (born September 3, 1965), known professionally as Charlie Sheen, is an American actor. His character roles in films have included Chris Taylor in the 1986 Vietnam War drama Platoon, Jake Kesey in the 1986 film The Wraith, and Bud Fox in 1987 film Wall Street. His career also included more comedic films, such as Major League, the Hot Shots! films, and Scary Movie 3 and  on television, Sheen is known for his roles on two sitcoms: as Charlie Crawford on Spin City, and as Charlie Harper on Two and a Half Men.