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Sunday, May 28, 2017
business news
Sanders not impressed by Trump's Carrier Deal

6 Reasons Why Trump Is Too Weak To Save American Jobs

It is frightening to see Trump unleash ICE on powerless immigrants, but bend over backward to placate financial elites. A bully attacks the weak and cowers before the powerful.

March 8, 2017
Trump v the press

Did The Trump Organization Make A Deal With An Oligarch Linked To Iran?

Donald Trump has styled himself as a hardline opponent of the Iranian regime, but new details of a business deal in Azerbaijan point to the Trump Organization’s relationship with an oligarch’s family that has close links to the Iranian Revolutionary Guards.

March 7, 2017
Steel, Keystone Pipeline

Trump Drops Keystone Pipeline’s U.S. Steel Requirement

The requirement to use domestic steel for U.S. pipeline projects posed a potential conflict between the Trump administration’s populist agenda and its pro-business stance. Apparently, business won.

March 5, 2017
Tax, Taxes, Donald Trump, Ethical Dilemma

Democrats Say Trump’s Tax Returns Are A Matter Of National Security

Sen. Ron Wyden (D-OR), a member of the Senate Intelligence Committee, which is at the center of investigating Russian meddling in the campaign and possible ties between Trump’s campaign and Russia, said the president’s tax returns needed to be reviewed because they are where “financial questions … and national security intersect.”

March 2, 2017
Trump

Trump Claimed He Made $21 Million On NYC Contracts — He Actually Made A Lot Less

These contracts are but a tiny corner of the Trump financial empire. Still, the records add to the suspicion that Trump’s official disclosures exaggerate his accomplishments as a businessman by reporting gross receipts rather than actual profits.

March 1, 2017
Ross, Trump

The Troubling Russian Connections Of Trump Nominee Wilbur Ross

Wilbur J. Ross, Jr., the billionaire investor who is one of Donald Trump’s closest advisors on trade and economics, has extensive Russian financial ties that the Senate must thoroughly explore before voting on his nomination as Commerce Secretary.

February 27, 2017
Bilden, Trump, Ethics

Another Trump Nominee Drops Out Amid Ethics Concerns

Philip Bilden, a former private equity investment manager who operated in Asia, had been nominated to be secretary of the Navy. He withdrew his nomination on Sunday, three weeks after Vincent Viola, a New York billionaire, withdrew his nomination to be secretary of the Army, also citing difficulty disengaging from his businesses.

February 27, 2017
Ross, Commerce, Trump

Trump’s Choice For Commerce Secretary Leaves Russia Questions Unanswered

Wilbur Ross is likely to be confirmed as President Donald Trump’s secretary of commerce Monday despite unanswered questions about his ownership of a Cyprus bank that caters to wealthy Russians.

February 26, 2017
Republican U.S. presidential candidate businessman Donald Trump waits to come into the spin room with his wife Melania after the Republican U.S. presidential candidates debate sponsored by ABC News at Saint Anselm College in Manchester, New Hampshire February 6, 2016. REUTERS/Rick Wilking

If Melania Trump Isn’t In Business, Why Are Her Companies Still Active?

Beyond the 564 companies listed in then-candidate Donald Trump’s May 2016 financial disclosure were seven companies associated with his wife. All but one of her companies had been listed in the disclosure as active, and five of the seven were still active as of Feb. 21, 2017. Ethics experts say as long as the companies remain active, there is a possibility for profiting.

February 23, 2017
Florida Gov. Scott addresses an economic summit in Orlando

The Fight Over Enterprise Florida Is A Power Play With Millions At Stake

Florida Gov. Rick Scott says the resistance to Enterprise Florida is an attack on business, while Speaker Richard Corcoran says it’s an attack on government waste. At stake is at least $85 million of state money, which most Floridians would rather not gamble on another Digital Domain.

February 22, 2017
White House, Trump, CEO

White House In Turmoil Shows Why Trump’s No CEO

Many traits of an effective corporate CEO could easily serve a president well: transparency and accountability, responsiveness to internal governance, and commitment to the interest of the overall corporation. Sadly, that is not Trump’s background. His experience overseeing an interconnected tangle of LLCs and his one disastrous term as CEO of a public corporation suggest a poor background to be chief executive of the United States.

February 18, 2017
Immigrants

Businesses Close As Immigrants Stay Home To Protest Trump

Dozens of restaurants, bars, and other businesses in cities around the U.S. shut their doors on Thursday to show support for “A Day Without Immigrants,” a walkout aimed at protesting President Trump’s policies. The nature of the action made it difficult to ascertain how many immigrants were participating, although there were rallies scheduled later on Thursday in Chicago, Houston, and Raleigh, North Carolina.

February 16, 2017
Puzder, Trump, Labor Secretary

Labor Secretary Nominee Puzder Can’t Take The Heat, Withdraws From Consideration

In a blow to President Trump, his nominee for labor secretary, Andrew Puzder, withdrew his name from consideration amid concerns that he could not garner enough Senate votes to be confirmed. Puzder’s decision to withdraw is yet another setback this week for a White House still grappling with fallout from Monday night’s abrupt resignation of national security adviser Michael Flynn.

February 15, 2017
U.S. Senator Elizabeth Warren (D-MA) shows company documents to Wells Fargo CEO John Stumpf during his testimony before a Senate Banking Committee hearing on the firm's sales practices on Capitol Hill in Washington, U.S., September 20, 2016. REUTERS/Gary Cameron

Elizabeth Warren Forcefully Challenges Trump’s Labor Nominee

Elizabeth Warren has set the table for Andrew Puzder, the burger chain executive and Secretary of Labor nominee, with a blistering 28-page letter outlining the likely line of Democratic questioning in this Thursday’s confirmation hearings.

February 14, 2017
Mnuchin tax plan

Ex-Goldman Banker Mnuchin Installed As Treasury Secretary

President Donald Trump swore in former Goldman Sachs banker and Hollywood financier, Steven Mnuchin, as Treasury secretary on Monday, putting him to work on tax reform, financial de-regulation, and economic diplomacy efforts. At a White House swearing-in ceremony, Trump said Mnuchin would be a “great champion” for U.S. citizens.

February 14, 2017
Carbon Tax

Why A Carbon Tax Is A Truly Good Idea

A carbon tax plan would curb emission of greenhouse gases by taxing them at the refinery, at the mine, or wherever they enter the economy. The proceeds would be sent to Americans in the form of dividends. A family of four could expect to receive about $2,000 in the first year.

February 14, 2017

Puzder Owes Millions To Bank Seeking Labor Department Waiver

Trump’s nominee to head the Department of Labor personally owes millions of dollars to a convicted bank that is relying on the same department to waive sanctions for its crimes. The ties between embattled appointee Andrew Puzder and the multinational bank UBS were listed in federal documents, but they were not explicitly acknowledged in Puzder’s ethics agreement with federal regulators.

February 13, 2017
Jobs

Does Trump Know Where Jobs Really Come From?

Following an election that was, in large part, an expression of Americans’ deep unhappiness with the economy, President Donald Trump’s promise to bring back job growth and a booming stock market appear to be somewhat at odds with the policies he’s putting in place during the first 20 days of his presidency.

February 11, 2017
Goldman Sachs

Senators Question Goldman Sachs On Its Role In Trump Banking Policy

In a letter to Goldman Sachs’ CEO Lloyd Blankfein, Democratic Senators Elizabeth Warren and Tammy Baldwin asked for details on “lobbying” activities in the bank related to review of the Dodd-Frank Act and the Obama-era fiduciary rule on financial advice.

February 11, 2017
Deutsche Bank

Why Deutsche Bank Remains Trump’s Biggest Conflict Of Interest

If you measure President Donald Trump’s conflicts of interest by the amount of money at stake, or the variety of dicey interactions with government regulators, one dwarfs any other: his relationship with Deutsche Bank. The bank hoped to eliminate the president’s personal guarantee on loans. But such a move would not eliminate the conflict of interest, since the president’s company, which Trump still owns, would remain on the hook to pay back the loans.

February 10, 2017
F-35

F-35 Cost Cuts Had Little To Do With President Trump

Lockheed Martin had planned for months to sell the fighter jets for under $100 million apiece, and both supporters and detractors of the most expensive weapons program in the nation’s history say Trump has done little to mitigate costs beyond public statements and social media posts.

February 10, 2017
Ivanka Trump

Did Kellyanne Conway Break The Law By Plugging Ivanka’s Brand?

“Go buy Ivanka’s stuff …I’m going to go get some myself today,” Trump senior adviser Kellyanne Conway told Fox News in an interview from the White House. “I’m going to give a free commercial here: Go buy it today, everybody.” Norman Eisen, who served as an ethics adviser to Obama, said Conway’s comments amounted to an advertisement and violated government ethics law.

February 9, 2017
Ivanka Trump

Trump Blasts Nordstrom, Raising New Concern On Business Ties

In response to the Twitter comment Trump posted criticizing Nordstrom, White House spokesman Sean Spicer characterized the company’s action as a “direct attack” on the president’s policies. Nordstrom said it routinely cuts brands each year and that the decision to pass on the Ivanka Trump brand had been based on its performance.

February 8, 2017
Puzder, Trump, Labor Secretary

Senate Panel Finally Receives Ethics Filings For Labor Nominee Puzder

Tentative plans for Puzder’s hearing have been repeatedly postponed amid delays with a review by the Office of Government Ethics. Those stem from the complexities surrounding how Puzder will divest himself from CKE Restaurants, which is owned by private equity firm Roark Capital Group.

February 8, 2017
Trump Slump

Trump Slump: Wall Street Opens Lower Amid Political Uncertainty

U.S. stocks opened lower on Monday as investors sought fresh catalysts after a strong jobs report last week, while uncertainty over President Donald Trump’s policies continued to weigh. Investors are wary about Trump’s focus on isolationist policies including travel restrictions to the United States.

February 6, 2017