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Mayor Cory Booker persuades investors, donors to bet on still-struggling Newark

Cory Booker strides to the lectern at a June reception honoring hedge-fund founder Bill Ackman. Pershing Square Foundation, Ackman’s philanthropic organization, had pledged more than $25 million since 2007 to help poverty-racked Newark improve schooling, enhance parks and find jobs for ex-convicts.

 

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