26 C
New York
Tuesday, May 18, 2021

A Redefinition of American-style Capitalism

- Advertisement -
- Advertisement -

What’s happening in a way that brings high-end brands like Armani and Bulgari to the poor people of East London? The premise of “Fast Forward,” featuring “London Calling” singer George Michael and Aidan Turner, the star of “Poldark,” is that a project like this would be unlikely to have sprouted up without an infusion of capital from the city’s billionaire class.

The film, part of the “Fast Forward” series, deals with its titular characters as they help to transform decrepit East London neighborhoods into a vibrant and thriving haven of luxury. Characters include Michael and Turner’s characters, a trust-fund son named Sampson (Ricky Seo), as well as a Lithuanian investor called Alexander (Igor Vlasic) and others.

But the fate of the film is more than just a visit to East London. With the passage of a year since the documentary “Money Monster” screened in theaters, the film’s subject, Lee Gates, has become a power player in the world of investor capitalism.

Mr. Gates, who lives in an apartment in the Upper East Side with his wife and four children, owns hundreds of millions of dollars in real estate and acquired sizable stakes in the pizza chain Del Frisco’s and the ship-carrier company Seaspan. He also founded a hedge fund that goes by the acronym TAQA Investment Ltd. (TAQA, pronounced “tea,” derives from the Aramco flag of Saudi Arabia and, from there, the Islamic name Taqshya).

- Advertisement -

Latest news

Dozens of missiles fired at Gaza in new wave of violence

Gaza: Amid concerns that an attack on the enclave would lead to prolonged bloodletting, Israel is using tanks, artillery and attack helicopters to attack...
- Advertisement -

In Congress, Democrats Press On With Proposal for Russian Election Probe

At an empty U.S. Capitol, a starkly different world, Democrats on Wednesday night pressed forward with a bipartisan proposal to create a task force...

Curtis Fuller, Tenor Saxophonist and Spiritual Voice, Dies at 88

Curtis Fuller, the towering tenor saxophonist who fused deep spiritual wisdom and an artful, rhythmic technique into his work, has died, his friend and...

See Who Re-Released Nicki Minaj’s New Songs in 2018

Nicki Minaj is back with another batch of new music, and it includes a collection of songs with Lil Wayne and Drake. Check out...

Related news

Dozens of missiles fired at Gaza in new wave of violence

Gaza: Amid concerns that an attack on the enclave would lead to prolonged bloodletting, Israel is using tanks, artillery and attack helicopters to attack...

In Congress, Democrats Press On With Proposal for Russian Election Probe

At an empty U.S. Capitol, a starkly different world, Democrats on Wednesday night pressed forward with a bipartisan proposal to create a task force...

Curtis Fuller, Tenor Saxophonist and Spiritual Voice, Dies at 88

Curtis Fuller, the towering tenor saxophonist who fused deep spiritual wisdom and an artful, rhythmic technique into his work, has died, his friend and...

See Who Re-Released Nicki Minaj’s New Songs in 2018

Nicki Minaj is back with another batch of new music, and it includes a collection of songs with Lil Wayne and Drake. Check out...
- Advertisement -