Donald

Share to Twitter Share to Linkedin Here’s a joke without a punch line: In addition to Adam Silver slapping Phoenix Suns owner Robert Sarver with a one-year suspension this week for making racist and misogynist remarks, the NBA commissioner gave the guy a $10 million fine. Only a $10 million fine for somebody who thinks it’s hilarious to throw around the N-word in casual settings? Yeah, hold the rim shot. According to the Arizona Republic REPUBLIC , Sarver’s net worth sits between $400 million and $800 million. The newspaper added, “(The fine) amounts to about 1.17% of the high end of his reported net worth. To further put that percentage into perspective, it would represent about $700 for someone making $60,000 a year.” Which means Silver’s fine is nothing worth mentioning, and the same goes for that suspension. After all, this same commissioner banned former Los Angeles Clippers owner Donald Sterling from the NBA for life in April 2014 for … [Read more...] about Adam Silver Can’t Give Lifetime NBA Ban To Donald Sterling Without Doing Same For Robert Sarver

Share to Twitter Share to Linkedin NBA Commissioner Adam Silver didn’t mince words. Just moments into his Tuesday afternoon press conference to discuss to the saga of Donald Sterling ’s racist comments caught on tape recently, he said this: “I am banning Mr. Sterling for life.” He then defined what that means: Sterling cannot attend games or practices, he can’t attend league meetings, and he can’t be involved in personnel decisions or any team operations. He’s also hitting Sterling with a $2.5 million fine, the highest allowed by league by-laws. Sterling still owns the team – for now. But Silver is hoping to change that, too, indicating that he’ll urge the NBA Board of Governors to force a sale, which under league rules could be done with a vote of three-quarters of the owners. Such a process would presumably entail the NBA buying the club from Sterling and then selling it for him. Sterling could probably fight a forced sale in court, the question is whether … [Read more...] about Adam Silver Drops The Hammer On Donald Sterling

Share to Twitter Share to Linkedin Did we really need another Twitter? That’s a good question to ask right now. With remarkably similar features, an unfiltered approach to disseminating political news, and a shaky business model, Truth Social debuted in late 2021 as a direct competitor to Twitter. Recently, the app has run aground financially , even to the point where the hosting provider has cried foul . A merger attempt also dried up . Meanwhile, if you are an Android phone user, you may have noticed the app is conspicuously absent. I first started testing Truth Social a few months after launch . It took a while to gain access, because the app throttled who could start using the platform. Even back then, the soft launch reminded me of how the Clubhouse app couldn’t quite keep pace with user onboarding and also didn’t work with Android . I mentioned how I had “finally” tested the Truth Social app, and was not impressed. ADVERTISEMENT … [Read more...] about Is It Time To Close Donald Trump’s Truth Social?

Share to Twitter Share to Linkedin Former President, and The Apprentice star, Donald Trump has again found himself as the focal point of an investigation , this time by New York Attorney General Letitia James. Ms James is in the process of suing the former president and three of his children for fraud, with the aim of getting them barred from doing business in the state. At a news conference, Ms James said she was referring the civil case to federal prosecutors to proceed with potential criminal investigations and subsequent charges. “We’re filing a lawsuit against Donald Trump for violating the law as part of his efforts to generate profits for himself, his family, his company,” Ms James said. “The complaint demonstrates that Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and to cheat the system, thereby cheating all of us.” The civil suit identifies that Donald Trump, alongside Erik … [Read more...] about Former Federal Prosecutor On The New York Attorney General’s Case Against Donald Trump And Three Of His Children

Share to Twitter Share to Linkedin Investors' early reaction to the election of Donald Trump as the 45th president of the United States signals the balance of power on Wall Street may be shifting anew. Jamel Toppin/The Forbes Collection The winners on Wall Street after the financial crisis like Blackstone Group, KKR, Apollo Global, and Carlyle Group benefited from a new era of financial regulation under President Obama that transferred risk-taking from too-big-to-fail banks like Goldman Sachs, Morgan Stanley, JPMorgan and Bank of America and put it into less systemically-important entities. The Federal Reserve's crisis-averting low interest rate policies further cut into bank bottom lines, but made it cheaper for private equity giants to finance acquisitions and offer above-market returns to institutional investors. Read More: Global Markets Pare Heavy Losses After Donald Trump Sweeps Into Presidency In the aftermath, private equity … [Read more...] about Bank Stocks Get A Donald Trump Bounce As Market Points To Shift In Wall Street Power

Share to Twitter Share to Linkedin Bank stocks posted one of the biggest rallies in years after Donald Trump was elected president of the United States and investors positioned for a new Republican consensus supporting increased fiscal spending, steepening the yield curve. A more normal bond market supports the top lines of banks, but the rally also reflects expectations that Trump will roll back regulations across the industry, lowering administrative burdens and freeing firms to release capital or increase lending. “There will be a re-examination of regulation across the financial industry. But I think it will be focused on smaller banks,” says Tom Michaud, chief executive of Keefe, Bruyette & Woods, an investment bank focused on the financial sector. Michaud says the most obvious regulatory rollback should be to raise the $50 billion threshold in which lenders are deemed a systemically important financial institution and subject to greater oversight … [Read more...] about Why Donald Trump’s Election Is The Best Thing That’s Happened For Banks In Years

This week we learned that before Donald Trump was elected President of the United States, he was offered the role of President of the United States in Sharknado 3 . History will decide whether he made the right choice in turning down the fictional role for the real thing. (They ended up giving the role to Mark Cuban, which seems pretty mean.) But before Trump took a pass, he did agree to a screen test. And now, an unidentified group of hackers are releasing the previously unavailable footage. How does the Sharknado version of President Trump compare to the real thing? Was there any foreshadowing of current events? Did he get to meet Ian Ziering? How many people did he fire? Let’s take a look! … [Read more...] about EXCLUSIVE: Watch The Unused Footage Of Donald Trump Playing The President In Sharknado 3

Share to Twitter Share to Linkedin TOPLINE As Facebook faces sharp scrutiny and a growing advertising boycott amid the coronavirus pandemic, racial justice movement and impending November election, a new poll of 1,000 registered voters nationwide from Accountable Tech and GQR Research conducted July 15-19 finds that American voters have turned against Facebook, believing the company does more harm than good and broadly disapproving of CEO Mark Zuckerberg and the power he wields. KEY FACTS 43% of voters view Facebook favorably and 47% view them unfavorably, while only 20% have a favorable view of Zuckerberg specifically and 56% see him unfavorably. Zuckerberg and Facebook’s unfavorable ratings are the lowest of any big tech company or tech CEO, though Apple CEO Tim Cook was the only leader to receive a net positive rating (23% favorable to 18% unfavorable). Zuckerberg’s favorable rating has dropped by 28% since 2016, and he is viewed … [Read more...] about Mark Zuckerberg Is Even Less Popular Than Donald Trump, Poll Finds

Share to Twitter Share to Linkedin US President Donald Trump speaks to the press in the Oval Office of the White House in Washington, ... [+] DC, February 9, 2018. / AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images) Late last year, President Trump's Labor Department published a proposed rule that would permit back-of-the-house restaurant staff (e.g. dishwashers or cooks) to participate in a workplace tip pool under certain conditions. Labor groups cried fouled, claiming it would allow restaurants to "legally steal" tips. (There's a contradiction in terms!) The truth is far less controversial. Let's go through the claims one-by-one: CLAIM: The Trump Labor Department wants to undo "40 years" of precedent on tips. FACT: The proposed rule would rescind a controversial 2011 Obama administration regulation that prohibited back-of-the-house employees from receiving tips. This rule was already the subject of … [Read more...] about No, Donald Trump Is Not Trying To Steal Servers’ Tips

Share to Twitter Share to Linkedin Today we report on Steve Bannon’s latest indictment, look at crypto legislation and catch up with Lev Parnas. D onald Trump stored classified documents at Mar-a-Lago, including in his office, according to recent court filings by the Justice Department. Thousands of guests have made the pilgrimage to Mar-a-Lago since Trump left office, getting them into a private club-cum-home that housed some of the country’s most-sensitive information. Last week, Forbes published the identities of about 25 people who visited Trump in his office . Here are even more. Accompanying Trump and former European Parliament member Nigel Farage in this photo posted in April are British property developer Nick Candy and Australian actress and singer Holly Valance, according to a report by the Sydney Morning Herald in April. Similarly, a post we reported on that shows the mayor of Hialeah, Florida , Esteban Bovo Jr., in … [Read more...] about Checks & Imbalances: See Who Else Has Visited Trump’s Mar-A-Lago Office