Bruce Levenson: Former Atlanta Hawks Owner Has Given Back A Lot To Washington DC

Bruce Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) have made some news recently in a court case regarding the team’s former insurance company. Levenson and AHBE sold the Atlanta Hawks back in 2015 to Tony Ressler’s group, but former General Manager Danny Ferry had attempted to file a complaint with AIG insurance which was subsequently rejected. AHBE decided to buyout Ferry’s contract and pursue legal action against AIG for failing to honor their policy. The case appears to be dragging out in court.

Bruce Levenson has been successful both as an NBA owner and as the owner of a publishing company prior to that. He graduated from Washington University with a bachelor’s degree in journalism and also attended law school at American University but never became an attorney. He first started as an editor for the Washington Star, a now defunct newspaper. But he soon began becoming interested in business and industry news, so in 1977 he and his friend Ed Peskowitz started their own publishing company in their own home. That company became Unified Communications Group (UCG), a company that originally started buying journals but has since evolved into a business startup and big data research company. They are also the founders of GasBuddy and the now independent TechTarget.

According to ESPN, Levenson purchased the Atlanta Hawks back in 2004 and also bought the Atlanta Thrashers as part of the deal. He owned the Hawks for nearly 12 years. Levenson has also been invested in philanthropy in the Washington D.C. area. He’s been active in non-profit groups such as Hoop Dreams, Community Foundation of DC, and the “I Have a Dream” Foundation. He’s also given to the Holocaust Memorial Museum and started programs for young people to learn the importance of the event. He’s also given to Jewish organizations such as Birthright Israel and SEED Foundation.

Read More: http://time.com/3296175/bruce-levenson-atlanta-hawks-racist-email-kareem-abdul-jabbar/

 

The Chinese Banking Situation Could Explode At Any Time According To Investor Kyle Bass

Kyle Bass likes to predict world events that could reap his hedge fund epic rewards. Bass is the former Bear Sterns executive that was able to read between the lines back in 2006. Kyle told anyone that would listen that the subprime mortgage scheme was going to fall apart, and when it did crash in 2008, Bass made a fortune. His small hedge fund company, Hayman Capital, became a hit with big money investors, and Bass become an instant celebrity.

Bass has been milking his five minutes of fame for the last eight years. Kyle believes that the Chinese banks are in trouble, and the government is keeping them solvent using capital reserves. According to an article posted by Bloomberg.com, the banks in China are carrying more than $2.3 trillion in bad debts on their books. That bad debt is the result of the country’s desire to lend money to companies and individuals that could help turned the massive Chinese economy into a consumer-based economy. The government has spent billions of dollars to keep the economy moving in a positive direction, but every year for the past five years the economy has been shrinking.

Investors like George Soros, Paul Singer, and Kyle Bass are shorting the Chinese yuan against the U.S. Dollar because they believe the drain on capital reserves will force the Chinese to devalue their currency on the foreign currency exchange. Other economic experts think the Chinese will continue to manipulate their currency to avoid a devaluation.

Hayman Capital and Kyle Bass have had their share of questionable investment over the last years. Not all hedge funds produce the returns that Hayman Capital produced eight years ago, but for the last three years, Bass has been struggling to maintain his profit-producing image. When Bass began shorting drug stocks before the news broke that patent troll, Erich Spangenberg was accusing them of price fixing and asking for an investigation, many investors felt the unethical tone of that investment. And when Chris Kyle’s widow accused Hayman Capital of unethical behavior, another red flag appeared. Bass is still boasting like he always does, but his audience is slowly disappearing.

About Historian Michael R. Zomber

Michael Zomber has been an avid collector of antique arms for more than 40 years. The areas he specializes in include ancient Japanese Samurai and Bushido weapons and armor, American and European and Islamic arms. Expertly designed weapons and armor are of high value to many people. For hundreds of years the advances in weapon technology have helped move the world into new areas of thought. Zomber focuses on weapons from the 16th to the 19th century, an era of weaponry that has not only seen many advances and unique designs, but also developed a rich history that has helped to shape the world as we know it.Many of the world’s influential designs in weapons and armor come from this era.

Michael Zomber’s website provides a way to keep the history of the human race preserved by offering a way for his collections to educate and inspire people to learn more about our history. During his more than 40 years of collecting and researching, he has increased his collection to include many historical pieces of Samurai weapons, among many other types of arms and armor.

Zomber has become a world authority on ancient weaponry, and has even served as a guest historian on The History Channel’s “Tale’s of the Gun” series. Spots on this series have included “Guns of the Orient” and “Million Dollar Guns”, as well as “Guns of the Famous”. He has also developed a name for himself internationally for his expert knowledge of Japanese Bushido and Samurai weapons.

His interest in arms and armor is very historical, and he supports many peace-centered organizations such as the NGO, UNICEF and Doctors Without Borders. He is conscious of the increasing hostilities and conflict around the world. Michael Zomber was born in Washington D.C. and lives with his wife and his two children near Philadelphia. He has a B.A. with honors in English Literature and Psychology as well as a master’s in English Literature from UCLA.  PRWeb has a great article on Michael’s passion for history, and how it would not be deterred for anything.