Tag: Trump

Posted in Finance

Trump campaign accused of using ‘pass-through’ vendors to obscure $170 million in payments

An ethics watchdog group has accused President Donald Trump’s reelection campaign of obscuring nearly $170 million worth of campaign spending through so-called “pass-through” vendors linked to campaign leadership instead of disclosing the true recipients of the funds.

In an FEC complaint filed on Tuesday, the Washington-based nonpartisan group Campaign Legal Center said American Made Media Consultants and Parscale Strategy, two companies set up and by run by campaign leadership, including former campaign manager Brad Parscale, have been disguised as providing a variety of services to the campaign, when in reality they have essentially served as “clearing house” firms that dole out contracts and payments to various subcontractors and vendors without revealing the ultimate recipients of the donor money.

Since 2019, the Trump campaign and Trump Make American Great Again committee, a joint fundraising committee with the Republican Party, have reported paying American Made Media Consultants and Parscale Strategy nearly $170

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Posted in Insurance

COVID-stricken USA is desperate for a strong leader. Instead we have Trump.

People are out of work, hungry, suffering and dying. The United States has more than 4.2 million confirmed cases of COVID-19 and nearly 147,000 people have been killed. The situation is dire and is getting worse, but it didn’t have to be this way. The truth is, one man is responsible — President Donald Trump.

Trump ignored early warnings, dismissed the seriousness of the threat, and attacked the advice of doctors and scientists. He refused to fully implement the Defense Production Act and failed to fully prepare our national stockpile of protective equipment, leaving a severe shortage of masks and gloves that front-line workers need to stay safe. As cases grew, he failed to institute a national plan for testing and contact tracing. He left state and local governments flailing without the resources they need.

He failed to follow the science or listen to public health experts. He failed to

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Posted in Personal

Meet Robert Mercer, the conservative billionaire who was a megadonor for Trump during the 2016 campaign but is notably absent in 2020

Robert Mercer and his daughter, Rebekah.
Robert Mercer and his daughter, Rebekah.

Sean Zanni/Patrick McMullan via Getty Images

  • Robert Mercer and his daughter, Rebekah, were amongst the most prominent conservative megadonors in 2016, extending unwavering support to President Trump.

  • So far, Mercer has only made one six-figure donation to Trump’s reelection campaign.

  • An influential figure in the hedge-fund industry and a computer scientist, Mercer made principal investments in both Breitbart News and Cambridge Analytica in the past.

  • The Mercer Family Foundation and Trump Campaign did not immediately respond to Business Insider’s request for comment.

  • Visit Business Insider’s homepage for more stories.

A billionaire donor who bankrolled President Trump’s 2016 campaign has been notably absent during his reelection efforts.

Robert Mercer, a hedge fund manager, donated upwards of $25 million dollars in the previous election cycle across multiple conservative efforts. So far, Mercer and his daughter, Rebekah, have made a single $355,200 donation to Trump’s reelection effort. 

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Posted in Finance

The Trump campaign’s fundraising emails have gotten very in-your-face and awkwardly personal, especially with Eric and Don Jr.’s guilt trips

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Eric Trump and Donald Trump Jr. speak during a ribbon cutting event at Trump Golf Links at Ferry Point in The Bronx.
Eric Trump and Donald Trump Jr. speak during a ribbon cutting event at Trump Golf Links at Ferry Point in The Bronx.

Drew Angerer/Getty Images

  • Aggressive, in-your-face fundraising emails from political campaigns are nothing new, but the Trump campaign has taken it to a new level.

  • Following in the Obama campaign’s pioneering tactic of using campaign surrogates as the apparent email senders, many of the Trump campaign’s money requests come from his adult sons, Don Jr. and Eric.

  • “I convinced my father to give you another chance,” a recent subject line from Eric read, before he signed off with an ominous “We won’t extend your match offer again. Don’t let the President down.”

  • To keep up with the Trump campaign’s strangest fundraising emails without having to see them pile up in a personal inbox, you can follow @TrumpEmail.

  • Visit Business Insider’s homepage for more stories.

For

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Posted in Finance

Donald Trump cancels Republican convention speech over virus fears

Donald Trump admitted that his speech would be risky because of the outbreak - REUTERS
Donald Trump admitted that his speech would be risky because of the outbreak – REUTERS

Donald Trump has cancelled his Republican convention speech in Florida because of the coronavirus outbreak there, saying he did not want to “take any chances”.

The US president had moved his speech to the state from North Carolina, claiming the governor there would not let him hold one with a big crowd, but now has cancelled that plan.

Mr Trump said he will still do a speech formally accepting his party’s nomination but that the details had not yet been worked out, suggesting it was possible it could be online only.

“I’ll still do a convention speech in a different form but we won’t do a big, crowded convention per se. It’s just not the right time for that,” Mr Trump said.

Follow the latest updates below.

02:49 AM

An Israeli firm is developing a

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Posted in Finance

Kimberly Guilfoyle under fire for Trump fundraising disarray

News that Kimberly Guilfoyle contracted the coronavirus had barely surfaced on July 3 before she hopped on a private flight from Mount Rushmore back to New York with her boyfriend, Donald Trump, Jr.

Left behind in her wake after President Donald Trump’s pre-Independence Day address were more than a half-dozen junior campaign staffers whom Guilfoyle oversees as the president’s national finance chair. The aides, who’d been in proximity to Guilfoyle, were forced to quarantine in their Rapid City, S.D., hotel rooms for three days and barred from face-to-face contact with colleagues as they pleaded with the campaign to get them home.

The campaign tried to reassure the staffers, checking in with them and stressing the need to wait a few days to take a coronavirus test. But the aides felt deserted and scared they’d get sick in a city they’d never set foot in before. They were so distraught that

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Posted in Business

Combative TikTok Founder Races to Save App Before Trump Ban

(Bloomberg) — Zhang Yiming is the little-known Chinese entrepreneur who built TikTok into one of the most promising franchises on the internet. Now the brainy, combative founder is under pressure to save the business from Trump administration threats.

Venture investors in TikTok parent ByteDance Ltd. have approached Zhang with a range of proposals to address U.S. concerns that the short-video app is a security threat, according to people familiar with the matter. They include selling a majority stake in TikTok to American interests, perhaps strategic investors or the venture firms themselves, said the people, asking not to be identified because the talks are private.

Zhang, who controls the company, has so far resisted. He’s tried building up TikTok’s operations in the U.S., hiring an American chief executive officer and reassuring regulators that user data will not be shared outside the country. TikTok has also stepped up its lobbying in Washington,

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Posted in Money

As Trump Slumps, Republican Donors Look to Save the Senate

President Donald Trump’s weak poll numbers and a surge of Democratic cash flooding key Senate races have jolted top Republicans and intensified talk among party donors and strategists about redirecting money to protect their narrow Senate Republican majority amid growing fear of complete Democratic control of Washington in 2021.

Almost no one is talking openly about abandoning Trump at this point. A total collapse at the top of the ticket, Republican strategists and donors agree, would only make holding the Senate harder.

But maintaining the Senate is an urgent imperative for the GOP: A Democratic Senate could offer a glide path for liberal Supreme Court nominees from a President Joe Biden, or block Trump’s judges if he won a second term. And right now, Senate Republican incumbents and candidates are losing badly in the money chase not just in the top Senate battlegrounds — states like Maine, Arizona, Colorado and

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Posted in Money

Trump sours on online learning that his administration evangelized

President Donald Trump’s newfound disdain for online education is a sharp departure from what his administration and Education Secretary Betsy DeVos have long championed in terms of policy on virtual learning.

As he presses schools and colleges to physically reopen their doors this fall, Trump has dismissed online learning as an acceptable strategy that local education leaders can employ as they face surging coronavirus cases in many parts of the country.

“Now that we have witnessed it on a large scale basis, and firsthand, Virtual Learning has proven to be TERRIBLE compared to In School, or On Campus, Learning,” Trump said in a tweet last week. “Not even close! Schools must be open in the Fall.”

In events and media appearances over the past several weeks, the White House and administration officials have repeatedly insisted that the nation’s schools and colleges must physically reopen classes — and that online

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Posted in Money

Team Trump Frantically Plots New Ways to Make Him Feel Good About Himself

Photo Illustration by Kelly Caminero/The Daily Beast/Getty
Photo Illustration by Kelly Caminero/The Daily Beast/Getty

On Tuesday night, White House trade adviser Peter Navarro—whom Donald Trump affectionately calls “my Peter”—decided to dump gasoline on a simmering fire when he sent USA Today a statement that it published as an op-ed in which he slammed Dr. Anthony Fauci for standing in the way of “the president’s courageous decision” making on the COVID-19 pandemic.

Having just downplayed the significance of anti-Fauci talking points that they themselves had sent to media outlets, members of the White House press office were left, once again, to repair the residual damage, insisting that the USA Today opinion piece didn’t go through the “normal White House clearance processes.”

But the fact that Navarro didn’t get official clearance for his statement was largely an irrelevant point. After all, he didn’t need it. According to three individuals familiar with the matter, in the past few months Trump

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