The weakness of Trump Inc may pose more of a problem than its sprawl
The self-embellished legend is of a global tycoon. In a kind of mirror image, outraged suspicion is mounting that the Trump Organisation could morph into a vast global network of cronyism. America has been treated to reports of multi-billion dollar projects across the planet, to photos of Mr Trump glad-handing businessmen and to images of exotic, Trump-branded buildings standing like monuments to the decay of American ethics. Paul Krugman, a left-of-centre economist, has suggested that the Trump family could reap $10bn while its patriarch is in office.
Information on the Trump Organisation is mainly limited to Mr Trump’s filings with election monitors. The Economist has aggregated the financial data of 170-odd entities, which were filed in 2015. For some assets the filings only provide a range of values and revenues, so we have added our own estimates and those of third parties.
Start with size. Trump Inc is worth perhaps $4bn, with $490m of annual revenue. Were it listed it would be the 833rd-largest firm in America by market value and 1,925th by sales. Other occupiers of, and contenders for, high political office—including Nelson Rockefeller, Ross Perot, Mitt Romney and Michael Bloomberg—have owned and run more powerful firms.
It seems likely that President Trump will inevitably blur the lines between business and politics in potentially disturbing ways—expect grubby deals and murky meetings. But it is less clear that his firm’s value will soar. With old assets in mature industries, a patchy record, disrupted management and controversies over conflicts of interest, Trump Inc’s value could stagnate or fall. And that, rather than the thrill of fresh billions, could be what really distracts America’s new leader.
There will be some unhappy people, whether some of them will be in the Trump family IDK.Donald Trump’s conflicts of interest - excerpt:
The guy is a born 'n bred businessman, and has been since birth - the son of German immigrants. (A hardy stock.)
He will not be able to keep his hands off the business and his kids are too young to run them alone. Managing America from the Oval Office and running Trump enterprises are equally occupying positions. Aside from his "Gotta Be Top-Gun" mentality, it is difficult to imagine why, with his business empire on shaky ground, he took on the presidency as well.
Something has gotta give - and it will ...
Paul Krugman, . . .
Donald Trump’s conflicts of interest - excerpt:
The guy is a born 'n bred businessman, and has been since birth - the son of German immigrants. (A hardy stock.)
He will not be able to keep his hands off the business and his kids are too young to run them alone. Managing America from the Oval Office and running Trump enterprises are equally occupying positions. Aside from his "Gotta Be Top-Gun" mentality, it is difficult to imagine why, with his business empire on shaky ground, he took on the presidency as well.
Something has gotta give - and it will ...
Donald Trump’s conflicts of interest - excerpt:
The guy is a born 'n bred businessman, and has been since birth - the son of German immigrants. (A hardy stock.)
He will not be able to keep his hands off the business and his kids are too young to run them alone. Managing America from the Oval Office and running Trump enterprises are equally occupying positions. Aside from his "Gotta Be Top-Gun" mentality, it is difficult to imagine why, with his business empire on shaky ground, he took on the presidency as well.
Something has gotta give - and it will ...
It seems to me a simple and intractable dilemma for democracy. Who can legitimately be elected? Each societal group has its specific problematic.
Why not just accept the obvious, and live with the fact that Hillary and Trump, the DNC and RNC, all are indeed representative of what the public has become? They are results of the public wants, not the causes.
It seems to me a simple and intractable dilemma for democracy. Who can legitimately be elected? Each societal group has its specific problematic.
It seems to me a simple and intractable dilemma for democracy. Who can legitimately be elected? Each societal group has its specific problematic.
True for Trump, not true for Clinton.
Clinton's popular vote lead passes the 2 million mark And if I may ask, which states do you suspect and why?...and it is by no means proven that Hillary won the popular vote, for a variety of reasons, including many states not having the slightest interest in voters proving they are eligible or even citizens, so that isn't an argument, it's a fantasy wish.
It's true for any nominee in an election here, no matter what the office, dog catcher to President.
Not true for those that lose elections, is what I mean.
Clinton's popular vote lead passes the 2 million mark And if I may ask, which states do you suspect and why?
Well I do not totally agree with your train of thought. But lets discuss some of what you say which I can question. The states of Ohio, Pennsylvania and Florida went for Trump. (Ohio 52.1%; Pennsylvania 48.8%; Florida 49.1%.) Really. I think that you're giving the state and locals more credit than they deserve. Those figures are not in disregard by no means. (LINK)New York, Illinois, Ohio, Pennsylvania, California, Oregon, Florida, and any other state where Democrats control the state and/or large city governments therein, including some cities here in Texas. Why?
I seriously suspect it to be the same reason that the GOP wants to close down registration centers and polling places early in sectors they control. Power. Something, is it not? I have no problem showing ID to the poll worker. If it was up to me voters in all states should be able to vote as early as two months before an election with no lines because there are plenty of access points to vote right up until November 8th. :shrug:Why do Democrats oppose Voter ID laws anywhere?
Go right ahead. Just as long as the other side gets them subtracted too if they are found to be fraudulent. :shrug:And we can deduct several millions of votes from the hillary totals due to fraud.
Why not just accept the obvious, and live with the fact that Hillary and Trump, the DNC and RNC, all are indeed representative of what the public has become? They are results of the public wants, not the causes.
This election was specific. It was the first-time a woman was in the running for first-place, which had to happen sooner or later. And the manner in which she was manhandled - particularly by Comey - is unacceptable. (I'm still asking why Dubya never went on trial for his Administration's use of the RNC's email-system.)
Politics as macho hardball ruthlessly diminishes the nation as a whole. Of course, for some, all that matters is hardball "winning".
And THAT is precisely the problem. Nobody won. The majority of the vote went to Hillary, and in just about any advanced country in the world that suffices.
Only in America it does not. We are beset by two political factors that are antiquated - the first being the electoral-college that serves no purpose whatsoever in a true democracy (since only the popular vote matters), and gerrymandering (which dates from 1812) that carves voting districts to favor one or the other of two parties.
The US is a country wedded to dynamic technological change but anchored by an election-reporting system that was bygone already in the 19th century (with the advent of a national electromagnetic telegraph in the 1850s).
That's one too many husbands ...
We don't live in a democracy, we live in a republic, and it is by no means proven that Hillary won the popular vote, for a variety of reasons, including many states not having the slightest interest in voters proving they are eligible or even citizens, so that isn't an argument, it's a fantasy wish.
I cancelled a subscription to The Economist I've had for 30 years just because of their mis-reporting and lying about Trump, which is exactly the same lies being peddled by the media here. I expected better of their editors, but obviously their standards have fallen through the floor along with the rest of the media's slide downhill into tabloid trash.
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