The Reclusive Hedge-Fund Tycoon Behind the Trump Presidency - The New Yorker


85 bookmarks. First posted by joha04 march 2017.


How Robert Mercer exploited America’s populist insurgency.
usa  politics  populism 
10 weeks ago by soobrosa
[Robert] Mercer is the co-C.E.O. of Renaissance Technologies, which is among the most profitable hedge funds in the country. A brilliant computer scientist, he helped transform the financial industry through the innovative use of trading algorithms. But he has never given an interview explaining his political views. Although Mercer has recently become an object of media speculation, Trevor Potter, the president of the Campaign Legal Center, a nonpartisan watchdog group, who formerly served as the chairman of the Federal Election Commission, said, “I have no idea what his political views are—they’re unknown, not just to the public but also to most people who’ve been active in politics for the past thirty years.” Potter, a Republican, sees Mercer as emblematic of a major shift in American politics that has occurred since 2010, when the Supreme Court made a controversial ruling in Citizens United v. Federal Election Commission. That ruling, and several subsequent ones, removed virtually all limits on how much money corporations and nonprofit groups can spend on federal elections, and how much individuals can give to political-action committees. Since then, power has tilted away from the two main political parties and toward a tiny group of rich mega-donors.
campaign_finance  electoral_politics  super_pacs  donald_trump  koch  robert_mercer  jane_mayer 
april 2017 by perich
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by jrdodds
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by mattl
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential
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march 2017 by designerbrent
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential
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march 2017 by linkt
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by wahoo5
The Reclusive Hedge-Fund Tycoon Behind the Trump Presidency - The New Yorker
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march 2017 by toletoletole
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by alexdunae
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential via Pocket
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march 2017 by schmitz
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential
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march 2017 by dvand5
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by zseward
The Reclusive Hedge-Fund Tycoon Behind the Trump Presidency via Instapaper http://ift.tt/2mDIou7
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march 2017 by JanWillemSwane
The Rich Man's Presidency. The Reclusive Hedge-Fund Tycoon Behind the Trump Presidency - The New Yorker https://t.co/ka8w6Q0pwi

— Mark Ruffalo (@MarkRuffalo) March 18, 2017
ifttt  twitter 
march 2017 by scutifer
Jenji has a law degree from Georgetown, but she has pursued an interest in horses instead. In 2008, the Mercers bought a horse farm in Wellington, Florida, for $5.9 million. Jenji and Diana regularly attend the Winter Equestrian Festival, in Palm Beach. They are investors in an equestrian center in North Carolina, and have announced plans to open one in Colorado. Diana is also listed as the owner of Equinimity, a horse stable in Florida. According to the stable’s Web site, it specializes in Equine Facilitated Learning, a system that teaches “non-verbal leadership and interpersonal communication skills through non-predatory horse-inspired wisdom.”
politics  new-yorker 
march 2017 by engles
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by cspathis
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential
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march 2017 by seansharp
one of Trump’s biggest financial backers: Robert Mercer, a reclusive Long Island hedge-fund manager, who has become a major force behind the Trump Presidency.

During the past decade, Mercer, who is seventy, has funded an array of political projects that helped pave the way for Trump’s rise. Among these efforts was public-opinion research, conducted by Caddell, showing that political conditions in America were increasingly ripe for an outsider candidate to take the White House. Caddell told me that Mercer “is a libertarian—he despises the Republican establishment,” and added, “He thinks that the leaders are corrupt crooks, and that they’ve ruined the country.”
2017-03 
march 2017 by Weaverbird
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by nbergus
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by wtd
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by Shurs
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by DanTylkowski
How Robert Mercer exploited America’s populist insurgency.
politics 
march 2017 by zryb
RT : this guy owns a big stake in breitbart and who knows how many other conservative outlets
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march 2017 by whyitsjeff
RT : For further reading after Robert Mercer profile () check this piece…
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march 2017 by AramZS
RT : The details about shadowy Trump backer Robert Mercer in this article are 🔥🔥🔥🔥🔥.
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march 2017 by KateSherrill
1/ I'm going to unpack this really important article for folks. It's long, but everyone should read it.
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march 2017 by John-Dobbin
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by alphex
RT : Let's take this battle upstream. Let's start with Robert Mercer.
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march 2017 by noii
*checks worthington's law off "MR. SHOW predicts the present" list*
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march 2017 by maura
JANE MAYER in The New Yorker, “The Reclusive Hedge-Fund Tycoon Behind the Trump Presidency: How Robert Mercer exploited America’s populist insurgency”: “[A]s far back as 2012, Bannon was the Mercers’ de-facto political adviser. Some people who have observed the Mercers’ political evolution worry that Bannon has become a Svengali to the whole family, exploiting its political inexperience and tapping its fortune to further his own ambitions. ... In an interview, Bannon praised the Mercers’ strategic approach: 'The Mercers laid the groundwork for the Trump revolution. Irrefutably, when you look at donors during the past four years, they have had the single biggest impact of anybody, including the Kochs.' ... Bannon assured me that the Mercers, despite all their luxuries, are ‘the most middle-class people you will ever meet.’ ...
“[Former long-time Renaissance Technologies employee David] Magerman told me, ‘Bob believes that human beings have no inherent value other than how much money they make. A cat has value, he’s said, because it provides pleasure to humans. But if someone is on welfare they have negative value. If he earns a thousand times more than a schoolteacher, then he’s a thousand times more valuable.’ Magerman added, ‘He thinks society is upside down—that government helps the weak people get strong, and makes the strong people weak by taking their money away, through taxes.’ ... Another former high-level Renaissance employee said, ‘Bob thinks the less government the better. He’s happy if people don’t trust the government. And if the President’s a bozo? He’s fine with that. He wants it to all fall down.’”
KTP  Trump  alt_right  Jane_Meyer 
march 2017 by fulab
RT : this new yorker on robert mercer is bananas
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march 2017 by hypatia
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by ashaw
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential via Pocket
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march 2017 by drewcaldwell
RT : Oh good. A family of billionaire cranks and racial/social Darwinists are marionetting the president.
from twitter
march 2017 by adamrg
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential
pocket 
march 2017 by martinkelley
The Reclusive Hedge-Fund Tycoon Behind the Trump Presidency via Instapaper http://ift.tt/2mDIou7
IFTTT  Instapaper  longreads 
march 2017 by chetan
Magerman told the Wall Street Journal that Mercer’s political opinions “show contempt for the social safety net that he doesn’t need, but many Americans do.” He also said that Mercer wants the U.S. government to be “shrunk down to the size of a pinhead.” Several former colleagues of Mercer’s said that his views are akin to Objectivism, the philosophy of Ayn Rand. Magerman told me, “Bob believes that human beings have no inherent value other than how much money they make. A cat has value, he’s said, because it provides pleasure to humans. But if someone is on welfare they have negative value. If he earns a thousand times more than a schoolteacher, then he’s a thousand times more valuable.” Magerman added, “He thinks society is upside down—that government helps the weak people get strong, and makes the strong people weak by taking their money away, through taxes.” He said that this mind-set was typical of “instant billionaires” in finance, who “have no stake in society,” unlike the industrialists of the past, who “built real things.”

Another former high-level Renaissance employee said, “Bob thinks the less government the better. He’s happy if people don’t trust the government. And if the President’s a bozo? He’s fine with that. He wants it to all fall down.”

==
In New York, reporters discovered that Robert Mercer was the sole donor behind a million-dollar advertising campaign attacking what it described as a plan to build a “Ground Zero Mosque” in Manhattan. The proposed building was neither a mosque nor at Ground Zero. The ads, which were meant to boost a Conservative Party candidate for governor, were condemned as Islamophobic.

==
Arthur Robinson—the biochemist, sheep rancher, and climate-change denialist. The Mercers became his devoted supporters after reading Access to Energy, an offbeat scientific newsletter that he writes. The family has given at least $1.6 million in donations to Robinson’s Oregon Institute of Science and Medicine. Some of the money was used to buy freezers in which Robinson is storing some fourteen thousand samples of human urine. Robinson has said that, by studying the urine, he will find new ways of extending the human life span.

Robinson holds a degree in chemistry from Caltech, but his work is not respected in most scientific circles. (The Oregon senator Jeff Merkley, a Democrat, has called Robinson an “extremist kook.”) Robinson appears to be the source of Robert Mercer’s sanguine view of nuclear radiation: in 1986, Robinson co-authored a book suggesting that the vast majority of Americans would survive “an all-out atomic attack on the United States.” Robinson’s institute dismisses climate change as a “false religion.” A petition that he organized in 1998 to oppose the Kyoto Protocol, claiming to represent thirty thousand scientists skeptical of global warming, has been criticized as deceptive. The National Academy of Sciences has warned that the petition never appeared in a peer-reviewed journal, though it is printed in “a format that is nearly identical to that of scientific articles.” The petition, however, still circulates online: in the past year, it was the most shared item about climate change on Facebook.

Robinson, who calls himself a “Jesus-plus-nothing-else” Christian, has become a hero to the religious right for homeschooling his six children. Robert and Rebekah Mercer have praised a curriculum that Robinson sells. (An advertisement for it casts doubt on evolution: “No demonstration has ever been made of the process of ‘spontaneous origin of life.’ ”) Robinson has said that the “socialist” agenda of public schools is “evil” and represents “a form of child abuse.”

==


After the election, Rebekah Mercer was rewarded with a seat on Trump’s transition team. “She basically bought herself a seat,” Fischer said. She had strong feelings about who should be nominated to Cabinet positions and other top government jobs. Not all her ideas were embraced. She unsuccessfully pushed for John Bolton, the hawkish former Ambassador to the United Nations, to be named Secretary of State. So far, her suggestion that Arthur Robinson, the Oregon biochemist, be named the national science adviser has gone nowhere. Like her father, she advocates a return to the gold standard, but as of yet she has failed to get Trump to appoint officials who share this view.
Politics  USA 
march 2017 by seatrout
RT : Oh good. A family of billionaire cranks and racial/social Darwinists are marionetting the president.
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march 2017 by colinyoung
I have a lot of problems with the New Yorker but Jane Mayer is probably the most effective critic of libertarianism
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march 2017 by mathpunk
RT : Trump's Hedge Fund Backer, Robert Mercer, opposes the Civil Rights Act - says only blacks are racist via
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march 2017 by ahsonwardak
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by stevenbedrick
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by yudha87
Bannon: "the most middle-class people you will ever meet"
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march 2017 by powerllama
Among many other things, this is a haunting look at what the Citizens United ruling unleashed
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march 2017 by bdurbin
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential via Pocket
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march 2017 by archizoo
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by adrian802
RT : JUST POSTED: 's profile of Robert and Rebekah Mercer.
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march 2017 by cranston
Bannon, the auteur
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march 2017 by lurrel
Favorite tweet:

This is Richard Mercer, the hedge fund billionaire behind Breitbart and Trump. https://t.co/57A11aHXN8 http://pic.twitter.com/LvQfBKp8gq

— Eric Geller (@ericgeller) March 17, 2017
IFTTT  Twitter 
march 2017 by jeremygillies
During the past decade, Mercer, who is seventy, has funded an array of political projects that helped pave the way for Trump’s rise.
article  politics 
march 2017 by svivek
3 big Mercers stories today!

HuffPo/Highline:

New Yorker:

WaPo:
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march 2017 by andriak
RT : this guy owns a big stake in breitbart and who knows how many other conservative outlets
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march 2017 by rossgrady
RT : Some conspirators aiming to seize control of the American government and destroy it are much worse than the Russians
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march 2017 by alegscogs
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by adamparnes
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted…
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march 2017 by bits
Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential via Pocket
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march 2017 by Pejman64