Opinion: Trump’s businesses are faltering. That’s good news.
The main entrance to the Trump National Doral Golf Club in Miami. By Paul Waldman Paul Waldman Opinion writer covering politics Email Bio Follow Opinion writer May 15 at 2:17 PM No president in American history has worked as hard to monetize the presidency for his own personal benefit as Donald Trump. But while he’s been doing that, his businesses have been suffering.
At Doral, which Trump has listed in federal disclosures as his biggest moneymaker hotel, room rates, banquets, golf and overall revenue were all down since 2015. In two years, the resort’s net operating income — a key figure, representing the amount left over after expenses are paid — had fallen by 69 percent.
No kidding. And that’s hardly the only recent story suggesting that Trump’s image as a master businessman might not have been completely accurate:I should note that the Trump Organization disputes this latest report, not by contesting the facts but with characteristically ridiculous hyperbole. “Our iconic properties are the best in the world and our portfolio is unrivaled by anyone,” said Eric Trump.
This all might be fun for liberals to crow about, as is the possibility that even after he leaves office his brand will continue to suffer. But how much does it matter?
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tencent first quarter profit beats estimates as FinTech trumps mobile gamingTencent Holdings Ltd booked a 17% profit rise for the three months ended March, ...
Weiterlesen »
Should we be concerned about Netflix monetizing our user data?Netflix continues to invest billions of dollars building its library of content, with analysts predicting the company will spend $15 billion on content in 2019. But their business model warrants a closer look, says Jason Mittell. Mittell, a film professor at Middlebury College, joined THINK to discuss why we shouldn’t trust Netflix with our data just yet.
Weiterlesen »
For Chick-fil-A, impact trumps 'any political or cultural war' when it comes to controversial donationsChick-fil-A's charitable donations have been subject to scrutiny for years. The head of Chick-fil-A's charitable giving explains its strategy.
Weiterlesen »
Opinion | Fox News host to Dems: Don’t criticize Fox News on Fox NewsFox News host to Dems: Don’t criticize Fox News on Fox News, ErikWemple writes
Weiterlesen »
Trump is right that tariffs 'helped' GDP growth — but that's not the full storyPresident Trump said his 'Tariffs on China' were boosting the American economy. Some economists, however, aren't so willing to connect those dots, pointing out the negative effects the tariffs are having on the country's economic growth.
Weiterlesen »
Trump wants Dems 'to fight him on his turf' but that's not path to success: BookerAsked if his “nice guy” approach appeals to Democrats, Sen. Cory Booker tells ABC’s jonkarl that Pres. Trump “wants us to fight him on his turf”: “We will not succeed by showing the worse of who we are.” Watch more Sunday on ThisWeekABC:
Weiterlesen »
Finally, Some Good News For Climate ScienceDespite countless political setbacks, climate science technology and research continues to march forward. NASA’s Orbiting Carbon Observatory 3 (OCO-3), an instrument that measures atmospheric carbon dioxide arrived at the International Space Station early Monday morning.
Weiterlesen »
Good news for most student-loan borrowers: Interest rates are going downThe 2019-2020 academic year marks the first time in three years the rates on federal loans are set to decrease.
Weiterlesen »