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Billionaire Carl Icahn rips N.J. lawmakers over Trump Taj Mahal bill

"Corporate Raider" Carl Icahn

By The Associated Press
on January 04, 2017 at 7:00 AM, updated January 04, 2017 at 7:46 AM

ATLANTIC CITY — Billionaire investor Carl Icahn says his shuttered Trump Taj Mahal casino is not for sale, and he appears content to sit on it for a while.

Icahn told The Associated Press Tuesday night he does not want to sell the casino, which he closed on Oct. 10 after a bitter strike with Atlantic City’s main casino workers’ union.

But he plans to surrender its casino license, and wants to make sure that anyone who might buy it in the future can’t use it as a casino unless they pay his company an unspecified fee.

Icahn’s company filed a deed restriction preventing a future purchaser from using the Taj Mahal as a casino.

https://www.nj.com/atlantic/index.ssf/2017/01/taj_mahal_not_for_sale_casino_will_remain_closed_c.html#incart_2box_nj-homepage-featured

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Trump Names “Corporate Raider” Carl Icahn as Special Advisor to the President on Regulatory Reform

"Corporate Raider" Carl Icahn
December 22,2016
the staff of the Ridgewood blog
Ridgewood NJ, President-elect Donald J. Trump today announced that Carl Icahn has agreed to serve as a special advisor to the President on issues relating to regulatory reform.

Over the course of six decades, Mr. Icahn has distinguished himself as one of America’s most successful businessmen and investors. Mr. Icahn was one of President-elect Trump’s earliest supporters, and his intimate knowledge of what businesses need to grow and thrive makes him a trusted voice in developing President-elect Trump’s America First economic agenda. Icahn will be a leader in helping American entrepreneurs shed job-killing regulations that stifle economic growth.

“Carl was with me from the beginning and with his being one of the world’s great businessmen, that was something I truly appreciated,” said President-elect Trump. “He is not only a brilliant negotiator, but also someone who is innately able to predict the future especially having to do with finances and economies. His help on the strangling regulations that our country is faced with will be invaluable.”

“I am proud to serve President-elect Trump as a special advisor on regulatory reform,” said Mr. Icahn. “Under President Obama, America’s business owners have been crippled by over $1 trillion in new regulations and over 750 billion hours dealing with paperwork. It’s time to break free of excessive regulation and let our entrepreneurs do what they do best: create jobs and support communities. President-elect Trump is serious about helping American families, and regulatory reform will be a critical component of making America work again.”

Mr. Icahn is a New York City native and grew up in Far Rockaway, Queens. After receiving a degree in philosophy from Princeton University in 1957, he attended medical school at New York University and then joined the Army. Carl began his career on Wall Street in 1961. In 1968, he formed Icahn & Co., and has gone on to become one of the most well-known and influential investors in America, holding substantial or controlling positions in numerous American companies over the years, including RJR Nabisco, Texaco, Philips Petroleum, Western Union, Gulf & Western, Viacom, Revlon, Time Warner, Motorola, Chesapeake Energy, Dell, Netflix, Apple, and eBay. His efforts have improved the competitiveness of American companies in a wide range of industries, including real estate, telecommunications, transportation, industrial services, oil refining and manufacturing.

Carl has been deeply involved in many charitable endeavors for years. In 2012, in recognition of Carl’s gift of $200 million, the Mount Sinai School of Medicine was renamed the Icahn School of Medicine at Mount Sinai and the Institute of Genomics was renamed the Icahn Genomics Institute. The School of Medicine also established the Icahn Scholars Program to attract world-class physician-scientists. He also funded the Icahn Medical Institute Building at Mount Sinai Hospital and the Institute of Genomics, a genomics and multi-scale biology research program. Carl serves as a trustee on the boards of the School of Medicine and Mount Sinai Hospital.

In the realm of education, Carl established seven Icahn Charter Schools in The Bronx borough of New York City. The mission of the schools is based on the belief that all students deserve a rigorous academic program through which they will increase their capacity to learn. At Choate Rosemary Hall, a premiere boarding school located in Wallingford, Connecticut, where he previously served on the board of trustees, he endowed the Icahn Scholars Program, which has awarded a large number of scholarships to underprivileged students.

Carl has also made significant donations to the Randall’s Island Sports Foundation, where he previously served as a trustee, for the construction of Icahn Stadium, a track and field stadium located on Randall’s Island. In addition, he has served as a trustee on the board of Lincoln Center.

Carl Icahn will be advising the President in his individual capacity and will not be serving as a federal employee or a Special Government Employee and will not have any specific duties.

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New Jersey Senate Passes Prop up Unions, anti-business ,anti-Icahn casino shutdown bill

Sweeney & Prieto

Updated: OCTOBER 20, 2016 — 3:39 PM EDT

by WAYNE PARRY, The Associated Press

ATLANTIC CITY, N.J. (AP) – The New Jersey Senate approved a measure Thursday that would punish billionaire Carl Icahn for shutting down the Trump Taj Mahal casino by prohibiting him from holding a casino license for it for five years.

The bill would only apply to Icahn at this time, even though four other Atlantic City casinos have shut down since 2014.

Icahn’s Atlantic City management team says the bill is unfair and unconstitutional, making it virtually impossible to reopen the Taj Mahal should they decide to do so.

The bill has not yet been voted on in the state Assembly. If passed by the full Legislature, it is likely to be vetoed by Republican Gov. Chris Christie, who has made criticism of some labor unions a key part of his political agenda.

https://www.philly.com/philly/news/politics/20161020_ap_4b48d237d706470896109604aea28bc5.html?utm_campaign=Observer_NJ_Politics&utm_content=New%20Campaign&utm_source=Sailthru&utm_medium=email&utm_term=New%20Jersey%20Politics

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Icahn warns of potential looming catastrophe

mother goose

Scott Wapner | @ScottWapnercnbc

Danger ahead—that’s the warning from Carl Icahn in a video coming Tuesday.

The activist says low rates caused bubbles in art, real estate and high-yield bonds—with potentially dramatic consequences.

“It’s like giving somebody medicine and this medicine is being given and given and given and we don’t know what’s going to happen – you don’t know how bad it’s going to be. We do know when we did it a few years ago it caused a catastrophe, it caused ’08. Where do you draw the line?”

https://www.cnbc.com/2015/09/27/-of-potential-looming-catastrophe.html

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Icahn: Oil will go lower, Saudi Arabia blindsiding the world

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Icahn: Oil will go lower, Saudi Arabia blindsiding the world

Everett Rosenfeld | @Ev_Rosenfeld

The price of oil will go lower as supply and demand remain unbalanced, activist investor Carl Icahn said Thursday.

Icahn, who spoke with CNBC’s “Fast Money: Halftime Report,” said that Saudi Arabia’s decision not to cut oil production blindsided the global market, and that he expects the commodity’s price will keep sliding.

“I think [oil’s price] will continue to go down unless there is some outside event,” Icahn said.

https://www.cnbc.com/id/102360095