He's among three candidates for the Democratic nomination for president, including former Vice President Joe Biden and Sen. Kamala Harris, who have received the support Weak construction spending was the latest indication that economic growth slowed in the second quarter after getting a temporary boost from exports and an accumulation of Before he bet big on Donald J. He was financially successful and played polo, but unlike many of the large donors that flock toward presidential candidates in an election year, he was not a billionaire or a big-name financier.
After missile test, war of words erupts between Trump and Iran The G. Poor investment returns forced him to shutter his hedge fund in , although he did sock away enough to maintain three residences — a sprawling horse farm in upstate New York , a home in Palm Beach and an apartment on Fifth Avenue in Manhattan.
Now, Mr. Buchan is looking to reap a juicy dividend on his winning trade: an ambassadorship to Spain , Argentina or Uruguay. Of course there is no guarantee that he will be so rewarded, even though it is widely accepted among Republican money men that Mr. Buchan was an early backer at a time when most of Wall Street was hedging its bets, either wary of being associated with such a fiery figure or predicting that Hillary Clinton would win the election.
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And Mr. Trump has proved to be unpredictable in his appointments, often casting aside his most ardent advocates. Still, that Mr. Buchan is even in the mix highlights the extent to which those on Wall Street who were timely and generous in terms of deploying their checkbook are now poised for an outsize payoff.
It is also a reminder that while bankers and traders may now be cheering Mr. Trump as the stock market surges, many of these same people were ducking fund-raising calls in the months before the election. As president, Mr. Trump has tapped a powerful circle of superwealthy businessmen to advise him, although only a few of them were among his original patrons. In fact, going into the election, his support was insubstantial among rank-and-file financiers, the many thousands of midtier executives in investment firms and hedge funds who are often the financial spine of a winning presidential campaign.
All of which makes Mr. Buchan stand out, despite his attempt to keep a low profile. He declined to comment for this article. Buchan first emerged on the Republican fund-raising scene as one of the many who supported Jeb Bush in , when he served on the executive committee of Mr. Bush's political action committee, Right to Rise. Unlike many of Mr. Bush's supporters, however, Mr. Buchan decided to dedicate his time and resources to Mr.
Trump last spring. When the Trump campaign announced last May that it would accept outside money for the first time, Mr. Trump's campaign. The rest was allocated to the Republican National Committee, thus endearing Mr. Buchan to Reince Priebus , then the head of the committee and now Mr. Trump's chief of staff. In explaining his decision, Mr. Buchan told people that he saw the candidate as a disrupter, a fixer and a builder who would bring business acumen to the White House and upset the status quo in government.
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- An early Trump backer awaits his reward.
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Refresh and try again. Open Preview See a Problem? Details if other :. Thanks for telling us about the problem. Return to Book Page. Preview — Living in Chile by Robert Appel. Living in Chile pros and cons by Robert Appel. Chile has been a very desirable place to work and live for people and families from different parts of the world. Its stable economy and countless international trade agreements, combined with a modern and beautiful capital city like Santiago, makes it very attractive as a favorite destination to start a new life.
Besides, its people are nice and warm. But like any new pla Chile has been a very desirable place to work and live for people and families from different parts of the world. But like any new place we move to, there are hundreds of issues to know beforehand.