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Adam Clayton Powell Iv

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Another Sad Day for Schwarzman

FINANCE • Where has all of Steve Schwarzman's money gone? A report saying that his fund would earn less than half of what was predicted caused Blackstone's stock price to tumble. [NYP] • Former Countrywide Financial, Citigroup, and Merrill Lynch execs get ready to explain to Congress why they got huge paychecks as their shareholders lost billions. [DealBook/NYT] • Financier Carl Icahn ups his stake in Motorola. [DealBook/NYT]