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NASA Awards Test Operations ContractTrump took over the family real estate business in 1971 and used it to build his business brand. As the family's businesses expanded, they faced lawsuits and financial volatility. Here's everything to know about the Trump businesses and increasingly complicated ethical questions. When President-elect Donald Trump was growing up, he worked in the offices and on the construction sites of his father's real estate business, Elizabeth Trump & Son. By 1973, he had taken over the company and given it a now well-known name: The Trump Organization. In the decades since, Trump has pursued global real estate development, reality television shows, a media conglomerate, cryptocurrency, and branded products like Bibles. His signature company has faced financial and legal turmoil throughout the years, but has become synonymous with his trademark brand of business success. When Trump took office in 2017, he handed formal control of the Trump Organization to his two elder sons, Donald Trump Jr. and Eric Trump . Some questioned whether conflicts of interest persisted for the then-president, who had simultaneous political and professional power. Now that Trump has won a second term in the White House, the Trump Organization will again have to navigate a murky business landscape. Here's everything to know about the Trump Organization and the family's business ventures, including financial volatility, lawsuits, and an increasingly complicated web of ethical questions. Company history Fred Trump was born in New York City in 1905. He started building and selling homes in Queens when he was 19, eventually developing properties in Brooklyn and Staten Island as well. The president-elect was involved with the business since childhood and began officially working for his father shortly after graduating college. He took over the company in 1971 and renamed it in 1973. Key business areas After taking over, Trump helped expand the business, buying properties in Manhattan and outside of New York. He developed the Grand Hyatt Hotel in 1976, despite not having enough money to buy the property (this is among the early plot points in 'The Apprentice, ' a 2024 movie about Trump's business rise). By the 1980s, Trump had established himself as a real estate mogul, boasting properties like Trump Tower and beginning to pursue casinos in Atlantic City, New Jersey. The Trump Organization faced financial challenges in these years, with multiple Trump-owned properties filing for bankruptcy in the early 1990s. The president-elect used bankruptcy protections to restructure the company's debts and maintained his image as a successful businessman. Today, the Trump Organization's website lists eight hotels, five of which are in the U.S. It also lists residential properties across the country and globe, with a focus on New York. In addition to the real estate holdings, the organization lists 18 golf courses it owns or is developing. In 1996, Trump bought the Miss Universe Organization , which included Miss USA and Miss Teen USA. He sold the company in 2015, after NBC dropped the show due to remarks he made about Mexican immigrants during his 2016 presidential campaign. The beauty pageant has been awash in controversy in recent years, and some contestants have said that Trump would look at them as they changed backstage. Trump starred as himself in a reality show, 'The Apprentice,' which he hosted from 2004 to 2015. Aspiring business leaders battled each other in challenges and Trump served as the judge, telling a contestant each week, "You're fired!" The show and its spinoff, 'The Celebrity Apprentice,' helped expand Trump's national reach. NBC cut Trump's ties with the program in 2015. After leaving the White House in 2017, Trump formed Trump Media & Technology Group and its flagship product, Truth Social. He founded the company after being kicked off of many mainstream social media sites for his actions on January 6 and now owns a majority stake. Trump Media's financial health shifts with the president-elect's political prospects. Many consider it a "meme stock," since its share price doesn't correlate to its profitability. Trump Media's stock soared after Trump won the 2024 election. The president-elect's stake in the company is his most valuable asset, valued at around $3.5 billion in December, 2024. Since his earliest business days, Trump has profited from branded products , starting with his buildings themselves. During his reality television days, he attached his name to everything from board games to steaks. Trump has continued to sell branded products as a political figure, and financial disclosures released in August reveal that he made more than $12 million off of NFTs and books alone. He also sells sneakers, cologne, and a Trump Bible. Leadership and ownership The Trump Organization is a collection of around 500 privately held companies. Trump ran the day-to-day operations of the company prior to becoming president, but handed control over to his two oldest sons, Donald Trump Jr. and Eric Trump, when he moved into the White House in 2017. Related stories The company's leadership is composed largely of family loyalists. Eric and Donald Trump Jr. are currently the executive vice presidents. Since the 1970s, most presidents have put their assets into blind trusts, a financial arrangement whereby an independent trustee controls the holdings. During the 2016 campaign, Trump put his assets into a trust controlled his older sons and Allen Weisselberg , the Trump Organization's chief financial officer at the time. The arrangement was not as extensive as a blind trust structure. Trump resigned but didn't sell his stake in the company, which promised not to make any new foreign deals while Trump was president. The Trump Organization also hired an outside ethics advisor at the time and said it would donate any profits from foreign governments to the Treasury Department. Various parties sued Trump over alleged violations of the Constitution's emoluments clause, which prevents presidents from receiving payments or gifts from foreign governments. International governments with interest in US policy decisions spent money at various Trump properties during his term. Three cases about the clause were dismissed without resolution after Trump left office. Related stories Controversies and legal challenges The company's legal troubles predate Trump's time in the White House, stretching back to the era of Fred Trump's leadership. In 1973, the Justice Department sued Fred and Donald Trump for alleged racial discrimination. The parties settled and the Trumps didn't admit any wrongdoing. The company's business practices continued to receive scrutiny throughout the rest of the 20th century, especially as it faced financial difficulties. Trump borrowed money to fund new projects like hotels and casinos, and in 1990 his dad bought more than $3 million worth of casino chips to help a venue make an interest payment. Later, the state of New Jersey found that the transaction was an illegal loan and levied a fine of $65,000. Over the past three decades, Trump and his companies have been engaged in many lawsuits, ranging from bankruptcy proceedings, to fights with gambling patrons, to personal defamation suits. Recently, the company has been entangled in both a civil and criminal fraud trial in New York. In the civil case, the state's attorney general accused the Trump Organization of misleading banks and insurers about property values. A Manhattan judge found Trump guilty in February 2024 and ordered the company to pay almost $364 million before interest, with Trump personally responsible for nearly $355 million of the penalty. By March, judges had lowered Trump's bond to $175 and the president-elect has appealed the case. As part of this case, Weisselberg , the company's former CFO, was sentenced to jail time after admitting to perjury. On the same day the AG first filed the civil fraud case, Trump formed "Trump Organization II " in an apparent attempt to protect his holdings. Anticipating that Trump might try to move his holdings to a company that isn't being sued , the judge made him tell a court-appointed monitor about "any corporate restructuring, disposition or dissipation of any significant assets." New York's criminal suit against Trump ended in 34 convictions , making him the first former president convicted of a felony. A 12-person Manhattan jury found Trump guilty on 34 criminal counts of falsifying business records to hide a $130,000 hush-money payment to Stormy Daniels, an adult film star. The judge in the case has indefinitely postponed Trump's sentencing and the president-elect is now arguing that the case should be thrown out entirely because he has presidential immunity. In July, the Supreme Court ruled that presidents are broadly immune from prosecution, and Trump's legal team is arguing the same should be true for presidents-elect. Next steps for the Trump Organization and other businesses Now that Trump is headed back to the White House, the Trump Organization once again finds itself in a thicket of legal and ethical questions. The company may or may not reinstate its ban on foreign deals once Trump is sworn in for a second term and has business in countries central to America's foreign policy agenda, like Saudi Arabia. In addition to the Trump Organization, Trump Media is another ethical gray area, as people with a vested interest in policy decisions could buy advertisements on Truth Social or shares of stock. Doing so would raise Trump's net worth, given that he owns a majority stake in the company. In September, Trump announced a family crypto venture, World Liberty Financial . The platform is marketed as a way for traders to borrow and lend cryptocurrencies. Donald Trump Jr., Eric Trump, and Barron Trump are all involved in the venture. A document from the company lists all four of them as part of the team, but says no Trump family members are employees or officers. Ethics experts have said that World Liberty Financial could also pose conflicts of interest since Trump will oversee crypto regulations as president. The Trump Organization, Trump Media, and World Liberty Financial did not respond to Business Insider's request for comment.
Why is it so hard to type in Indigenous languages?Trump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’
The mother of a 16-year-old who was shot by SWAT police during a no-knock, predawn raid in Alabama, filed a wrongful death lawsuit against the police officers involved and the city of Mobile, alleging the teenager was “killed in cold blood.” Randall Adjessom, 16, was sleeping in his childhood home when SWAT police used a battering ram to break down his front door on November 13, 2023, just after 5:30 a.m. while it was still dark outside. Adjessom’s mother, aunt, grandmother and three sisters — two of whom were also minors — were also in the house. The warrant was executed as part of an investigation into Adjessom’s older brother for suspected marijuana possession and distribution, according to the complaint. The 16-year-old was not a suspect; his older brother was not there and didn’t live at the home. The Mobile Police Department tapped SWAT officers because the narcotics unit was understaffed, according to the complaint. >> FOLLOW US ON SOCIAL: Facebook | Twitter | Instagram | YouTube Adjessom came out of his bedroom with a gun that he pointed at the officers, but then subsequently retreated with his hands up once he realized he was confronting law enforcement, the complaint said citing sealed body-camera footage. An unnamed officer shot Adjessom four times within 11 seconds of entering his home. The lawsuit alleged that police did not provide adequate medical attention to Adjessom, who did not arrive at an emergency room that was eight minutes away until 50 minutes after he was shot. Adjessom’s family members were forced to stay in the living room for hours before they were informed that an officer shot Adjessom, according to the complaint. “They’re supposed to be peace officers, aren’t they? How many more young Black boys like Randall have to be buried following police brutality before the MPD’s legendary culture of unchecked excessive force is finally put to rest,” said Adjessom’s mother, Akouvi Adjessom, in a statement on Monday. The lawsuit, filed in federal court in Mobile, names the city and unidentified officers as defendants and seeks unspecified damages. The city attorney and a spokesperson for the police department did not immediately respond to an emailed request for comment. >> WVTM 13 ON-THE-GO: Download our app for free “No-knock” warrants — which allow law enforcement agents to enter a home without announcing their presence — have come under scrutiny in recent years after Louisville, Kentucky, police killed Breonna Taylor in her home in March 2020, leading to mass protests over racial injustice in policing. In 2021, the Justice Department changed its policy to limit the use of no-knock warrants, requiring agents to get approval from federal prosecutors and a supervisory law enforcement agent. Elizabeth A. Bailey, Cynthia B. Morgan and Steven A. Medina, attorneys for Adjessom’s mother, characterized his death as an “unquestionably foreseeable and preventable tragedy.” Adjessom was one of four high-profile police killings that sparked a public outcry in Mobile and eventually led to an investigation into the Mobile Police Department by former federal prosecutor Kenyen Brown at the request of Mobile Mayor Sandy Stimpson. The investigation culminated in an over 100-page partially redacted report published in May based on interviews, a review of department policy and body-camera footage. The investigation looked into Adjessom’s killing and found that the officer who shot him complied with the city’s use of force because Adjessom was armed and posed a threat. The report did not specify whether Adjessom was retreating with his hands up when he was shot. >> YOUR NEIGHBORHOOD: Community coverage from WVTM 13 However, the investigation also concluded that the decision to execute the search warrant before dawn did not adequately prioritize “the sanctity of life.” The officers conducting the raid had a “preconceived notion” that the occupants in Adjessom’s home were dangerous even though “there was no indication that any of the occupants had violent histories, and the target’s only felony was for marijuana,” the report said. The report additionally cited frequent misconduct among officers in the city. “There are numerous constitutional violations including the beating of a handcuffed suspect, the going into or the attempt to go into cell phones repeatedly, the denigration of suspects of deadly force during press conferences, the illegal and unconstitutional detentions without probable cause,” Brown said. The report ultimately did not recommend that the Department of Justice investigate the police department, saying that local law enforcement was willing to implement its own reforms. In March, an ordinance that would have banned no-knock warrants failed to pass in the Mobile city council.
Trump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’(All times Eastern) Schedule subject to change and/or blackouts Sunday, Dec. 22 COLLEGE BASKETBALL (MEN’S) 1 p.m. ESPN — Illinois vs. Missouri, St. Louis SECN — Kent St. at Alabama 2 p.m. ACCN — American U. at Virginia BTN — Detroit at Wisconsin 3 p.m. ESPN — Brown at Kansas ESPN2 — Diamond Head Classic: Oregon St. vs. Charleston, Quarterfinal, Honolulu 3:30 p.m. SECN — Charleston Southern at Georgia 4 p.m. ACCN — Rider at NC State BTN — Southern U. at Southern Cal 5:30 p.m. ESPN2 — Diamond Head Classic: Loyola of Chicago vs. Oakland, Quarterfinal, Honolulu 6 p.m. ACCN — LeMoyne at Notre Dame 7 p.m. FS1 — Georgetown vs. Seton Hall, Newark, N.J. 9 p.m. ESPN — Diamond Head Classic: Nebraska vs. Murray St., Quarterfinal, Honolulu 11:30 p.m. ESPN2 — Diamond Head Classic: Charlotte vs. Hawaii, Quarterfinal, Honolulu COLLEGE VOLLEYBALL (WOMEN’S) 3 p.m. ABC — NCAA Tournament: Louisville vs. Penn St., Championship, Louisville, Ky. GOLF 11:30 a.m. GOLF — PGA Tour: The PNC Championship, Day 2, Ritz-Carlton Golf Club, Orlando, Fla. 1:30 p.m. NBC — PGA Tour: The PNC Championship, Day 2, Ritz-Carlton Golf Club, Orlando, Fla. HORSE RACING 3 p.m. FS1 — NYRA: America’s Day at the Races NBA G-LEAGUE BASKETBALL 10:30 a.m. NBATV — Winter Showcase: Indiana vs. Texas, Orlando, Fla. 1 p.m. NBATV — Winter Showcase: College Park vs. Osceola, Orlando, Fla. 7:30 p.m. ESPN2 — Winter Showcase: TBD, Championship, Orlando, Fla. NFL FOOTBALL 1 p.m. CBS — Regional Coverage: Tennessee at Indianapolis, L.A. Rams at N.Y. Jets, Cleveland at Cincinnati FOX — Regional Coverage: N.Y. Giants at Atlanta, Detroit at Chicago, Philadelphia at Washington, Arizona at Carolina 4:05 p.m. FOX — Minnesota at Seattle 4:25 p.m. CBS — Regional Coverage: New England at Buffalo, Jacksonville at Las Vegas, San Francisco at Miami 8:20 p.m. NBC — Tampa Bay at Dallas PEACOCK — Tampa Bay at Dallas NHL HOCKEY 12:30 p.m. NHLN — Carolina at N.Y. Rangers 8 p.m. NHLN — Seattle at Colorado SNOWBOARDING 4:30 p.m. NBC — FIS: World Cup, Copper Mountain, Colo. SOCCER (MEN’S) 8:35 a.m. FS2 — The French Cup: Olympique de Marseille at AS Saint-Étienne, Round of 64 9 a.m. USA — Premier League: Chelsea at Everton 11:30 a.m. USA — Premier League: Liverpool at Tottenham Hotspur Noon CBSSN — Serie A: Empoli at Atalanta 2:50 p.m. FS2 — The French Cup: Paris Saint-Germain at RC Lens, Round of 64 TENNIS 11 a.m. TENNIS — Next Gen ATP Finals: Final The Associated Press created this story using technology provided by Data Skrive TV listings provided by LiveSportsOnTV ."Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.
T he Andhra Pradesh government has made several development plans for Kurnool, known as a backward district and the gateway to Rayalaseema. It has proposed a drone hub, enhanced industrial activity with the development of the Orvakal industrial node, greater flight connectivity, and the establishment of a High Court Bench. Kurnool was the capital of Andhra Pradesh from October 1, 1953 to October 31, 1956. On November 1, 1956, the Telugu-speaking areas of the erstwhile Hyderabad province were merged with Andhra State to form Andhra Pradesh. During the merger, the Sribagh Pact, an agreement between the political leaders of Coastal Andhra Pradesh and Rayalaseema regions, promised that a High Court would be set up in Kurnool. However, this did not happen. The idea was proposed again not too long ago. As part of its decentralised development plan or the ‘three capitals’ proposal, the previous Jagan Mohan Reddy government said it would develop Kurnool as the judicial capital. A few judicial bodies and commissions were shifted to Kurnool and the district was notified as the headquarters of the State Human Rights Commission in 2023. However, the High Court remained in Amaravati. The ‘three capitals’ proposal ran into hurdles. This year, Chandrababu Naidu returned as Chief Minister. In November 2024, the Andhra Pradesh Assembly passed a resolution for a High Court Bench in Kurnool. Industries Minister T.G. Bharath announced in late November that the site survey for establishing the Bench is underway and said that the process would be completed in six months. Apart from the High Court, Kurnool is eagerly awaiting the implementation of other promises too. Kurnool has always lagged behind in development. As it has very few industries and inadequate irrigation facilities, thousands of people have migrated from the district to other parts of the State in search of better opportunities. In 2022, when 13 new districts were carved out in Andhra Pradesh, Kurnool lost its major reservoirs to Nandyal district. Promises to develop the district have never been fulfilled or have been partially fulfilled, leaving several parts of the district underdeveloped. The Centre recently announced that it would pump in about ₹2,700 crore for developing infrastructure in the Orvakal node of the Hyderabad-Bengaluru Industrial Corridor. The government plans to integrate several manufacturing clusters between Hyderabad and Bangaluru in the Orvakal node near Kurnool. The plan to set up a 300-acre drone hub at Orvakal, the first-of-its-kind in the country, will also boost industrial development as it serve as a centre for training, innovation, and drone-related business. This is part of the government’s ambitious plans to turn the State into a drone capital. The Andhra Pradesh government is also planning to draft a drone policy. Drones are especially useful in the healthcare and agriculture sectors, and during calamities, as the government found out during the recent floods in Vijayawada. The government believes that attracting investors to set up units at the Orvakal node will reap dividends. Orvakal is located near the Kurnool airport, which began commercial operations from March 2021. Air connectivity to Orvakal is also likely to increase as the government is trying to persuade flight operators to run services to Vijayawada. Telugu Desam Party (TDP) MPs recently submitted a representation to the Centre seeking a railway line that will connect Kurnool to Amaravati, which will further propel growth in the district. Historically, Kurnool was a stronghold of the TDP. However, this changed when Y.S. Rajasekhara Reddy became Chief Minister. Later, Mr. Jagan Mohan Reddy’s YSR Congress Party dominated the undivided district of Kurnool in the 2014 and 2019 Lok Sabha elections. In the 2024 elections, however, the National Democratic Alliance managed to flip Rayalaseema’s long-standing political dynamics. Of the 14 seats in undivided Kurnool, the TDP secured 12. Given the TDP’s dominance and as Mr. Naidu has proved his capability in transforming grand visions into reality in the past, there is hope that Kurnool may finally see a brighter future. The TDP government is also at an advantage compared to the YSRCP government as the Bharatiya Janata Party is also part of the government in the State. Published - December 24, 2024 12:15 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Andhra PradeshMoody chickens? Playful bumblebees? Science decodes the rich inner lives of animals.SAN DIEGO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP is investigating Paycor HCM, Inc. PYCR to determine whether certain Paycor officers and directors violated securities laws and breached fiduciary duties to shareholders. Paycor HCM, together with its subsidiaries, engages in the provision of human capital management solutions for small and medium-sized businesses primarily in the United States. What Now: If you own shares of Paycor HCM, Inc. and have lost money in your investment, contact us for more information about your rights. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. Contact us to learn more: Aaron Dumas, Jr. (800) 350-6003 adumas@robbinsllp.com Shareholder Information Form About Robbins LLP : A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Paycor HCM, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Contact: Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 adumas@robbinsllp.com (800) 350-6003 www.robbinsllp.com https://www.facebook.com/RobbinsLLP/ https://www.linkedin.com/company/robbins-llp/ © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.