CNN Money writes:
The Kushner family hopes to lure investments from wealthy business owners in China with the promise of American visas.
Nicole Kushner Meyer, the sister of White House adviser and President Trump’s son-in-law Jared Kushner, spoke at an event in Beijing on Saturday. She was marketing a Kushner-owned property in New Jersey — invest in the development and get into the United States on a so-called EB-5 visa.
The EB-5 visa allows immigrants a path to a green card if they invest more than $500,000 in a project that creates jobs in the United States.
An ad for the event, held at a Ritz-Carlton hotel, said “Invest $500,000 and immigrate to the United States.”
Poynter Media writes:
The image of power was simple: Jared Kushner and Ivanka Trump walking off Marine One Thursday, hand-in-hand, and boarding Air Force One for a short trek to New York City with Kushner’s father-in-law.
Yes, Jared Kushner, trusted power broker, to the obvious chagrin of one Elizabeth Spiers.
She’s the founding editor of Gawker and, for 18 months, editor of The Observer, the small circulation arts and politics paper in New York that Kushner bought five years earlier. She worked with him closely (he had a succession of editors), didn’t especially like him and thinks he’s not up to a potent White House role.
Spiers initially broached her views publicly as to why Kushner should be the last person to have a big role in government, especially on the topic of innovation, in a Washington Post op-ed.
She said she quit for a bunch of reasons, mostly that Kushner wouldn’t recapitalize the paper “even though I reached all my numbers.” He seemed intent on raising margins through cost cuts. She sought expansion (and these days is looking for capital for an “unabashedly leftie, adversarial, partisan” startup).
Now she expands her Kushner critique in a chat with Cheddar, the sort-of CNBC startup news service for millennials.
He didn’t display any admiration of journalists or understanding of the craft. He was more focused on the non-journalism aim of getting closer to an audience comprised of Manhattan elites he “wanted to know and influence,” said a rather dour Spiers.
Well, if only she could now hit him up for a very low-interest loan. But as she’s busy with trying to start a media business, he’s in the Oval Office, counseling his father-in-law. Before hopping aboard Air Force One Thursday, he was in the Rose Garden to herald the House passage of the healthcare bill.
And, come to think of it, he’s probably disinclined to help out with her as-yet-unlaunched news organization.
Comparisons to Breitbart, even as an ideological counterpart, are facile and come up short, she says. She’s won’t have any “fake news” or “White supremacists.”
That, too, might give her millennial former boss pause.
From U.S. and Immigration Services:
Visa Classification Description
USCIS administers the EB-5 program, created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a program initially enacted as a pilot in 1992, and regularly reauthorized since then, investors may also qualify for EB-5 classification by investing through regional centers designated by USCIS based on proposals for promoting economic growth. On December 10, 2016, President Obama signed Public Law 114-254 extending the regional center program through April 28, 2017.
USCIS policy on EB-5 adjudications is contained in Volume 6, Part G of the USCIS Policy Manual.
All EB-5 investors must invest in a new commercial enterprise, which is a commercial enterprise:
Established after Nov. 29, 1990, or
Established on or before Nov. 29, 1990, that is:
1. Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results, or
2. Expanded through the investment so that at least a 40-percent increase in the net worth or number of employees occurs.