Blum and Feinstein "have divested of any holdings in mainland China," Kuwata told the San Jose Mercury News, saying Blum had. Among them was the Newbridge Capital investment firm, described in a press release as an "emerging markets private equity fund" jointly founded by Blum's bank and Texas Pacific Group, a firm chaired by David Bonderman, a Fort Worth investment banker and Feinstein political donor. Allen decides to dress-up as a ghost, and throws on a white sheet and sets off. Via a spokesman, the fi. The Examiner learned of some of Newbridge Asia's China investments from annual reports, postings on corporate Web sites and press releases. For example, in the early 1980s, Feinstein reportedly asked organizers of San Francisco’s Chinese New Year Parade to stop displaying the flag of the Nationalist Chinese government in Taiwan, which China wishes to subsume, since “she wanted to encourage trade with China.”. Conspiracies Who The Hell Is US Senator Diane Feinstein? While her husband was at pains to suggest he had divested from his mainland holdings in 1999, in the years leading to the passage of the MFN legislation, his Newbridge Capital firm reportedly invested more than $400 million into East Asian enterprises. In the 1990s as a U.S. senator, Feinstein advocated for increasing trade with China, while de-linking its most-favored-nation (MFN) trading status from concerns over rampant human rights violations, and making it permanent. On Sunday night, a mob of nearly 300 people marched into a Portland city park, strapped chains around statues of Teddy Roosevelt and Abraham Lincoln, and pulled them to the ground. Campbell asked. In December 1999, Newbridge Asia was part of an investment group that pumped $85 million into the company. He said Newbridge sold its stock in Kerry Properties back to the firm's owners this summer. “Make no mistake: 2016 will never happen again,” he warned. A substantial portion of the companies in which he invested relied on profits from mainland China. Richard Blum, a University of California regent who is married to Democratic Sen. Dianne Feinstein, was revealed Thursday to be the same regent named in a damning state audit on the school’s admissions scandal that was released this week. Daniel Carroll, a Newbridge managing director, was named to the firm's board. Sen. Dianne Feinstein (D-Calif.) rightly faces a potential scandal for dumping several million dollars’ worth of stock while privy to sensitive information as a member of the Senate Intelligence Committee before a major drop in financial markets due to coronavirus. "What Mr. Blum is doing here, if and when there is a (Newbridge) investment in China . Indeed, we have made a whole-society trade, led by our political establishment under the banner of globalism, for profits and cheap goods in the relatively short run in exchange for our liberty, sovereignty, and civil society in the long run. Feinstein’s husband Richard Blum has held various business investments in China over the years. McSally’s legislation is backed by a number of co-sponsors including Marsha Blackburn (R., Tenn.), Tom Cotton (R., Ark. It succeeded at this task so brilliantly that it took a pandemic health catastrophe to even begin to question the legitimacy of these modern compradors. Blum said his share of the investment had been placed in the charitable trust. Notably, in the 1993-1994 period, while Feinstein was advocating for increasing trade and participating in extensive meetings with Chinese leaders in Beijing at then-President Jiang’s invitation with her husband in tow, Blum was seeking to raise up to $150 million for an Asia-focused fund for his firm, Newbridge Capital. In 2002, Newbridge was negotiating to acquire 20% of Shenzhen Development Bank. Starting in 1994, Newbridge raised about $160 million from pension funds, insurance companies and wealthy individuals for its first Newbridge Asia fund. In May, Feinstein's office "said Mr. Blum had divested all investments in mainland China, and that is correct," Blum's spokesman Owen Blicksilver wrote in an e-mail from New York. He accused Feinstein of failing to make full disclosure of Blum's China investments and implied Blum could benefit financially from the measure, which Campbell supported. Earlier, the Burisma executive had asked Hunter to use his influence to quell Ukrainian government officials who were ... Columbia University and Japan's Hiroshima University researches found that a UVC light wave of 222 nanometers works. And in her statement, Feinstein said Blum had gotten rid of his investments - never mentioning that he had put them in trust. According to SEC records, the Newbridge Asia II limited partnership owns 15 percent of IAsiaworks' stock, worth about $62 million. In his questioning of Amy Coney Barrett regarding an Indiana case about a non-violent felon and his constitutional right to bear arms, Illinois senator Dick Durbin dropped numerous false claims about Chicago gun crimes. In terms of total stock ownership in the five sectors, Senator Dianne Feinstein, who along with husband Richard Blum, an investment banker, is second, with up to $7m invested in the five sectors. "This should remove any perception that I, in any shape or form, benefit from or influence my wife's position on China as a U.S. senator," he said. States," she said. An excerpt from a must-read article Smith wrote for, No one represents the marriage of American policy toward China and doing business with the PRC better than Feinstein. . Feinstein and Blum both have long-standing interests in China. In October 1998, Newbridge Asia II and Colony Capital Inc., a Los Angeles realty firm affiliated with the Texas Pacific Group, pumped about $57 million into Kerry Properties. Richard Blum Uncategorized 19th Party congress, China, management, state-owned enterprises, Xi Jinping, Yukon Huang 0. In May, when Rep. Tom Campbell, Feinstein's Republican opponent in the November election, sought to make Blum's China investments an issue, Feinstein responded through a spokesman by saying that Blum no longer had investments in China. The Odd Case of Diane Feinstein and Red China…. When Feinstein was first elected to the Senate in 1992, Blum's interests in China amounted to less than $500,000. The Supreme Court Should Decide Election-Law Cases, How to Fix Judicial-Confirmation Hearings, Silly Attacks on Amy Coney Barrett and Constitutional Originalism, Pro-Abortion Group Calls for Feinstein’s Ouster from Judiciary Committee after Amy Coney Barrett Hearings, Researchers Find Light Frequency That Kills COVID-19 Virus Without Harming People, Just an ‘Idea’? She was named to the Senate Foreign Relations Committee in 1995 and by 1997, according to the, Yet the record shows that the marriage between Blum's business and Feinstein's political career is a very close one. . Q: Does Sen. Dianne Feinstein's husband, Richard Blum, own a company that has an exclusive contract to sell United States Postal Service property? Blum founded the American Himalayan Foundation, aimed at helping the people and the environment of Tibet and Nepal. "But . That's the strategy behind its trillion-dollar Belt and Road initiative. This year, as the Senate considered normalizing trade with China - paving the way for China's entry into the World Trade Organization - Feinstein joined the Clinton administration in lobbying for the measure. Virtually all of the world's advanced economies and many of the less developed countries now realize that China is not a trustworthy partner. Virtually all of the world's advanced economies and many of the less developed countries now realize that China is not a trustworthy partner. And, she argued, trade with China boosts the American economy. Feinstein argued against allowing Americans to sue China over the coronavirus, saying such a move would open the U.S. government to lawsuits by other foreign nationals. He was selected as a 2019 Robert Novak Journalism fellow of the Fund for American Studies, under which he is currently working on a book on U.S.-China policy.