Trump lost $40 million on his Scottish golf clubs by failing to implement a very basic financial practice, say experts

Donald Trump’s international courses have racked up huge losses and rely on loans from various Trump-owned vehicles in the United States just to stay afloat.

However, the scale of Trump’s losses may be even greater than it first appears, with experts pointing out that Trump appears to have lost tens of millions of dollars more by failing to implement a very basic financial practice.

First, some context: Trump has two golf resorts in Scotland. Continue reading.

‘Blackmail’: Trump ‘blindsided’ officials with list of 7 demands for World Health Organization. ‘It was an enormous backfire’

AlterNet logo

In the early days of the pandemic, President Donald Trump tried to handle the World Health Organization (W.H.O.) as if were just another business transaction — but he likely did not bank on Dr. Tedros Adhanom Ghebreyesus’ refusal to comply with his wishes. 

According to The New York Times, Trump had Andrew Bremberg, the American ambassador in Geneva, to deliver a list of seven demands to Tedros. He reportedly was not pleased when Tedros refused to negotiate.

Bremberg also released a statement criticizing the W.H.O. and placing blame on the organization for its failure to “rebuild trust among some of its critical member states.” Continue reading.

Trump’s Cash Crunch Limits His Options and Prompts Finger-Pointing

New York Times logo

With far less money than anticipated, campaign officials are scrambling to address a severe financial disadvantage against Joseph R. Biden Jr., producing something of an internal blame game.

President Trump’s campaign has far less money than advisers had once anticipated for the final stretch of the presidential election, as rosy revenue projections failed to materialize, leaving aides scrambling to address a severe financial disadvantage against Joseph R. Biden Jr. at the race’s most crucial juncture.

To close the budgetary shortfall, Mr. Trump has slashed millions of dollars in previously reserved television ads and detoured from the battleground states that will decide the election for a stop in California last weekend to refill his campaign coffers. He has also tried to jump-start his online fund-raising with increasingly aggressive tactics, sending out as many as 14 email solicitations in a day.

But Mr. Biden still entered October with nearly triple the campaign money as Mr. Trump — $177 million to $63.1 million — and is leveraging that edge to expand the battleground map just as Mr. Trump is forced to retrench. Continue reading.