Free Republic

Sen. Diane Feinstein’s husband Richard Blum won a construction contract for California’s high-speed rail project, reports the California Political Review. Author Laer Pearce says Perini-Zachary-Parsons, a construction group partially owned by Blum’s investment firm, Blum Capital, and their investors, bagged the nearly billion dollar contract:

San Francisco financier Richard Blum has built his reputation - and his multimillion-dollar fortune - by swooping in and turning around troubled corporations. His first major coup was putting together a partnership in 1968 to buy the Ringling Bros. and Barnum & Bailey Circus for about $8 million - and then selling it for $40 million four years later. So it surprised no one that Blum adopted an alpha dog approach when he became chairman of the UC Board of Regents last year in the aftermath of the university's widely publicized management meltdown. And he's gotten results: the imminent departure...