Five Men Now Hold as Much Wealth as Half of the World’s Population Combined

A new analysis of 2016 data shows that five men now possess as much wealth as half of the world’s population combined. The five men—Microsoft founder Bill Gates, Spanish businessman Amancio Ortega, Amazon founder Jeff Bezos, American investor Warren Buffett and Mexican telecommunications tycoon Carlos Slim—combined hold $400 billion. Slim is a major shareholder in The New York Times, while Bezos owns The Washington Post.

Trump: The Presidency in Peril

If Donald Trump leaves office before four years are up, history will likely show the middle weeks of May 2017 as the turning point.

.. If Trump has nothing to hide, he is certainly jumpy whenever the subject comes up and his evident worry about it has caused him to make some big mistakes.

.. Though younger and more composed, Kushner is a lot more like Trump than is generally understood.

  • Both of them moved their father’s businesses from the New York periphery to Manhattan.
  • Like his father-in-law, Kushner came to Washington knowing a lot about real estate deals but almost nothing about government.
  • Both entered the campaign and the White House unfamiliar with the rules and laws and evidently disinclined to check them before acting.

.. Thus, Kushner has reinforced some of Trump’s critical weaknesses.

.. Kushner, who has a high self-regard, has taken on a preposterous list of assignments.

.. He was able somehow (likely through his own leaks) to gain a reputation—along with his wife, Ivanka Trump—as someone who could keep the president calm and prevent him from acting impulsively or unwisely.

.. Richard Nixon, who was a lot smarter than Trump is, similarly misread the way the public would react when he arranged for the firing of his special prosecutor, Archibald Cox

.. Mueller’s investigation is limited to considering criminal acts.

.. His purview doesn’t include determining whether Trump should be held to account for serious noncriminal misdeeds he or his associates may have committed with regard to his election

.. of the three articles of impeachment adopted by the Judiciary Committee against Richard Nixon in 1974, the most important was for “abuse of power.”

.. Unless a single act is itself sufficiently grave to warrant impeachment—for example, treason—a pattern of behavior needs to be found. That could involve, for example, emoluments or obstruction of justice.

 .. Many of what seemed disparate acts—well beyond the famous break-in in the Watergate complex and the cover-up—were carried out in order to assure Nixon’s reelection in 1972, and they amounted to the party in power interfering with the nominating process of the opposition party. That way lay fascism.
.. By definition, impeachable offenses would appear to concern conduct only during a presidency. But a number of constitutional law scholars, including the Harvard Law professor Laurence Tribe, who was dubious at first, believe that if a president or his associates working on his behalf acted corruptly and secretly to rig the election, then the preinaugural period should be included.
.. Trump asked for Flynn’s resignation only on February 13, after stories about Yates’s warning appeared in the press—and then, two days after he fired him, the president called Flynn “a wonderful man.”
.. weirdly, recently told aides that he’d like to have Flynn back in the White House.
.. Flynn, in conversations with outgoing national security adviser Susan Rice during the transition, asked that the Obama administration hold off on its plan to arm Kurdish forces to help the effort to retake Raqqa, the ISIS capital in Syria. Since Flynn was a paid lobbyist for the Turkish government, which strongly opposed the plan, this action could possibly lead to a charge of treason.
.. Flynn was leading the Russians to believe that they’d receive much better treatment under a President Trump and the Russians went along.
.. A big question is whether Flynn discussed such important policy matters with the Russians without the knowledge of the president-elect.
.. Trump tweeted: “Great move on delay (by V. Putin)—I always knew he was very smart!”
.. Brennan testified he was worried that the Russians may even have recruited some Americans to cooperate with their effort to tilt the election.
.. Intelligence analysts picked up conversations by Russians in which they bragged that they’d cultivated Flynn and Manafort and believed they would be useful for influencing Trump. (This doesn’t prove guilt on the part of either man.)
.. Laurence Tribe is gathering what he believes are impeachable offenses committed by Trump.2
.. Tribe sees Trump flouting the constitutional ban on accepting “emoluments”—
.. Trump’s firing of Comey for, as he ultimately admitted, “this Russia thing.”
.. Trump’s saying to Russia’s foreign minister Sergey Lavrov and to Ambassador Kislyak, of firing Comey: “I faced great pressure because of Russia. That’s taken off.”
.. There were also Trump’s efforts very early in the administration to get Comey to pledge “loyalty” to him
.. In another form of pressure, Trump asked Comey when the FBI would announce that he wasn’t under investigation. Comey didn’t respond.
.. Before it was revealed that Comey had taken notes of their conversations, Trump made a not-very-veiled threat that Comey “better hope that there are no ‘tapes’ of our conversations.”
.. Where are all the leaks coming from? Many Republicans want to make this the issue rather than what the leaks reveal, but the fact that they keep coming is a sign of the state of near collapse of the White House staff.
.. It’s not an exaggeration to say that Trump has the most unhappy staff ever, with some feeling a higher duty to warn the public about what they see as a danger to the country.
.. Trump is a nearly impossible person to work for:
  • he screams at his staff when they tell him something he doesn’t want to hear;
  • he screams at them as he watches television news for hours on end and sees stories about himself that he doesn’t like, which is most of them.

.. Leaks are also being made by the intelligence community, many of whom see Trump as a national menace.

.. McMaster has yet to recover his reputation from having emphatically refuted things the Post story didn’t say.

.. Trump’s reckless act is believed to have endangered the life of an Israeli intelligence asset who had been planted among ISIS forces, something extremely hard to pull off.

.. Rosenstein found himself in a meeting with Trump and Attorney General Jeff Sessions (who had supposedly recused himself from any dealings on the campaign and the Russia matter) and under pressure to write a memo expressing his own strong negative views of how Comey had handled Hillary Clinton’s e-mail case. The choices before Rosenstein were to write the report, knowing that Comey was going to be fired anyway, or refuse to and resign or be fired. Then what use could he be?

.. he spoke melodramatically of his anguish in having to decide between two choices: to “speak” or to “conceal.” But many observers believed that he had a third choice: quietly to get a warrant and check out some of the e-mails that had traveled from Clinton’s laptop to her close aide Huma Abedin’s to that of Abedin’s then-husband Anthony Weiner before reopening an investigation, much less announcing one and perhaps affect the outcome of the election.

.. Comey’s testimony also angered Democrats by wildly exaggerating the number of Clinton’s e-mails that had landed on Weiner’s laptop—“hundreds and thousands,” he said, when actually there had been just a handful.

.. Comey’s comment that the thought that his actions may have affected the election made him “mildly nauseous” enraged Trump.

.. Everyone who hewed to the White House line that the firing had been based on Rosenstein’s memo, including Pence, was now embarrassed and lost credibility with the press and the public.

.. the respected Cook Report anticipates substantial Republican losses in the House. Republicans are starting to panic.

..Their challenge is how to overcome the twin blights of

  1. Trump’s chaotic governing and
  2. his lack of achievements on Capitol Hill

.. unlike Nixon, he can also make use of social media, Fox News, and friendly talk shows to keep them loyal.

.. Trump is, for all his deep flaws, in some ways a cannier politician than Nixon; he knows how to lie to his people to keep them behind him.

.. The critical question is: When, or will, Trump’s voters realize that he isn’t delivering on his promises,

  • that his health care and tax proposals will help the wealthy at their expense,
  • that he isn’t producing the jobs he claims?
  • His proposed budget would slash numerous domestic programs, such as food stamps, that his supporters have relied on heavily. (One wonders if he’s aware of this part of his constituency.)

 

How Jared Kushner built a luxury skyscraper using loans meant for job-starved areas

They worked with state officials in New Jersey to come up with a map that defined the area around 65 Bay Street as a swath of land that stretched nearly four miles and included some of the city’s poorest and most crime-ridden neighborhoods. At the same time, they excluded some wealthy neighborhoods only blocks away.

.. The tactic — critics liken it to the gerrymandering of legislative districts — made it appear that the luxury tower was in an area with extraordinarily high unemployment, allowing Kushner Companies and its partners to get $50 million in low-cost financing through the EB-5 visa program.

.. Apartments in the Bay Street building, marketed as Trump Bay Street, rent for up to $4,700 a month and offer sweeping views of Lower Manhattan. A nearby commuter train shuttles passengers to the World Trade Center within minutes. The area within a roughly three-block radius around the building had an unemployment rate of just 2.6 percent in 2015, according to census data.

..Under the EB-5 program, a wealthy foreigner can get a fast-track residence visa by investing at least $500,000 in a project in a “targeted employment area.”
..Kushner Companies, meanwhile, is rushing to raise $150 million in low-cost financing through EB-5 for a separate project in Jersey City: a pair of luxury towers in an area called Journal Square.
..He also said jobs created by the project could be filled by workers from the depressed areas only miles away.
..Developers typically pay only 4 to 8 percent interest annually on money raised through EB-5, experts said. Conventional financing can carry interest rates of between 12 and 18 percent.

Why did Jesus tell the rich young ruler he could be saved by obeying the commandments?

Thus, the man was breaking the two greatest commands; he did not love his neighbor as himself, and he did not love the Lord with all his heart. He loved himself (and his money) more. Far from keeping “all” the commandments, as he had claimed, the man was a sinner like everyone else. The Law proved it.

.. If the man had loved God and other people more than he did his property, he would have been willing to give up his wealth to the service of God and man. But that was not the case. He had made an idol of his wealth, and he loved it more than God. With surgical precision, Jesus exposes the greed in the man’s heart—greed the man did not even suspect he had.