eamonjavers.bsky.social
Eamon is the senior Washington Correspondent at CNBC, where he covers the intersection of politics and finance. He’s also the host of the recent podcast “The Crimes of Putin’s Trader,” available now on Spotify.
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Try these: www.franklo.it/en/products/...
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Anyway, long story! There’s more in the book. But if you are an eccentric billionaire, you might want to keep a careful eye on your security team. -30-
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Peloquin, I should note, described this as a rescue rather than a kidnapping. He justified it to me because he believed Hughes actually sides with his faction. But how could anybody have really known?
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The INTERTEL team sent Hughes to the airport, and flew him to the Caribbean, where they set him up in another hotel penthouse designed to look exactly like the one he had come from. Now Peloquin’s faction controlled Hughes, the flow of under the door notes, and his billion dollar empire.
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Peloquin stationed himself in the lobby, to intercept anybody other Hughes employees who might show up. None did.
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On Thanksgiving evening, Peloquin made his move- sending a team into the hotel to physically bundle Hughes up, strap him into a chair, and bring him down the back stairs into a waiting car.
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Factions developed in this group, and eventually one side - the side that Peloquin worked for - decided they needed to take physical possession of Hughes. So Peloquin was tasked with kidnapping him.
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He communicated exclusively through notes slipped under the hotel room door, and a small group of staffers controlled his fortune by controlling the flow of those notes.
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Toward the end of his life, Hughes was crippled with mental illness and drug abuse and holed up in a suite in the Desert Inn hotel in Las Vegas.
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Just one of the wild anecdotes he told me was the time he had to exfiltrate Hughes from Las Vegas.
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Turns out, he had a farm in rural Pennsylvania. So I drove up there to see him. Over a few hours and some excellent cookies supplied by his wife Peggy, he told me his life story.
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(This is in my book, starting on pg. 86)
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When I was working on my book on corporate espionage, I heard a lot about INTERTEL and Peloquin, and tried to track him down. One retired FBI agent vetted me and passed me on to another … and another, and then finally I was told that Peloquin would meet with me.
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The guy who ran INTERTEL was Robert Dolan Peloquin, a former Bobby Kennedy guy at DOJ. And Peloquin worked for Hughes.
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In the 1970s, there was a private intelligence firm in DC called Intertel, which was launched by former Bobby Kennedy DOJ guys and staffed by veteran FBI agents, intelligence officers, etc. Richard Nixon was deeply wary of INTERTEL because he thought it was a private spy agency for the Kennedys.
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Here’s a quick story that I didn’t have time to tell on TV this morning: the time I interviewed the guy who kidnapped Howard Hughes.
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Yes. The staffers take it out for rides from time to time.
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Counterpoint: it’s entirely possible that you are the moron.
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Empire was my favorite for 30 years. But now it is #2.
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I am not cool. So it seemed original to me.
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Hey, kid!
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Hmm. I … never mind.
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Old is a state of mind. And joints.
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They do? I’m out of the loop. But the non-Hollywood ending, the seamless entry into Star Wars A New Hope, and turning a plot hole (why does the Death Star have a stupid obvious flaw?) into a poignant plot point, I mean, it’s greatness. And the characters!
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Have not watched. I hear good things.
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AI does not enjoy beach houses. Sand gets in all the uncomfortable spots in the code.
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There’s a whole legal and property rights system underpinning that. What happens to society in a UBI world where value is created by Ai? In short: who gets the beach houses?
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I think you’ll hear a lot of people say The only solution to it is some kind of Universal Basic Income. But our capitalist system is built on an assumption criticize if you want to!) that humans create economic value, and the humans who create the most value get the largest rewards.
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Thanks, Barolo!
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The argument from here is that it’s both: baseline 10 percent tariffs are staying in place to generate revenue - and the higher rates are forcing countries to negotiate. Its an enormous gamble, but their premise is they win either way.
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A lot of folks on Wall Street will still be surprised by this, but this is a conservative populist working class party now - there’s not nearly as much appetite for cutting taxes on the rich as there was in the first Trump term. And not as much resistance to raising them.
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"The President is considering allowing the rate on individuals making $2.5 million or more to revert from 37% to the pre-2017 39.6%. This will help pay for massive middle and working-class tax cuts, and protect Medicaid.”
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Not for me! Becky will be very busy though.