Trump to provide rare look of finances in disclosure report

Posted Thursday, 16 May 2019 ‐ Las Vegas Sun

NEW YORK — President Donald Trump's latest financial disclosure report is expected to provide a rare glimpse into whether his presidency has helped or hurt his hotels, golf resorts and other parts of his business empire. The report, which is filed with the Office of Government Ethics and set for release Thursday, will be closely studied for changes in revenue at key properties in 2018, including his Mar-a-Lago resort in Palm Beach, Florida, his Washington, D.C., hotel and his Doral golf resort in Miami. Experts say the Trump business has taken a hit from the president's divisive policies and rhetoric, though the Trump Organization says much of the business is fine. Trump's biggest revenue generator among his golf properties, Doral, took in $75 million in revenue in 2017. By comparison, Trump's "Summer White House," his golf club in Bedminster, New Jersey, generated $15 million. Mar-a-Lago took in $25 million in 2017 and his Washington hotel generated $40 million. In total, the disclosure report for 2017, released a year ago, showed Trump's assets — including books he has written, licensing deals and other business ventures — generated revenue of at least $453 million. The report estimated the assets were worth at least $1.4 billion. While Trump has not released his tax records, he has been filing financial disclosure reports since he ran for president. The latest report, listing 2018 figures, will allow for the first time a 12-month comparison with a previous year. Trump's report released two years ago stated estimates for revenue over 16 months. A key part of the report released last year was a footnote listing a reimbursement of as much as $250,000 to Trump's former personal lawyer Michael Cohen. Cohen, who is serving three years in prison for campaign finance violations among other crimes, admitted paying hush money during the presidential campaign to silence Stormy Daniels, the porn actress who alleges she had sex with Trump. The president has denied that he had an affair. The reports filed with the government ethics agency each year are for revenue, not profits, and the figures are given in ranges and so provide only a partial picture of the finances of Trump and other executive branch officials who file them. When Trump took office, he refused to fully divest from his global business, a break with presidential tradition. Instead, he put his assets in a trust controlled by his two adult sons and a senior executive. Trump can take back control of the trust at any time, and he's allowed to withdraw cash from it.

Other articles published by Las Vegas Sun

County reluctantly OKs exotic animal permit for music producer Posted Thursday, 22 August 2019 ‐ Las Vegas Sun

Clark County commissioners approved an exotic animal permit today for hip-hop producer Jamal Rashid despite staff’s recommendation to deny because he let the licenses expire.  Rashid, also known as Mally Mall, must provide 24-hour supervision for his...

Posted Thursday, 22 August 2019 ‐ Las Vegas Sun

OLYMPIA, Wash. — Washington Gov. Jay Inslee, who made fighting climate change the central theme of his presidential campaign, announced Wednesday night that he is ending his bid for the 2020 Democratic nomination. Inslee announced his decision on...

Posted Thursday, 22 August 2019 ‐ Las Vegas Sun

The Raiders' worldwide tour gets started in the preseason when they play a "home" exhibition against Green Bay in Canada. The Raiders will be the first team to play games in three countries in one season; they also will play a "home" game in the regular...

Posted Thursday, 22 August 2019 ‐ Las Vegas Sun

LOS ANGELES — The major online pot shop directory and cannabis marketplace Weedmaps announced Wednesday that it will no longer allow black-market businesses to advertise on its site, a decision that could boost California's efforts to rein in its vast...

Posted Thursday, 22 August 2019 ‐ Las Vegas Sun

Authorities say an air traveler was detained by Metro Police after he punched an airline pilot at a McCarran International Airport gate where crew members determined he was too intoxicated to board a flight. Officer Alejandra Zambrano says the pilot...

Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

A prison-based Aryan gang responsible for crimes including killings, assaults and drug trafficking in the Las Vegas area has been dismantled following a six-month investigation, federal and local authorities announced today. In total, 30 people were...

Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

U.S. President Donald Trump's decision to cancel a visit to Denmark next month after his offer to buy Greenland was rejected has thrust this ice-covered semi-autonomous Danish territory into the spotlight . Here's a look at what makes it special. WHERE ...

Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

NEW YORK — Taylor Swift plans to re-record her songs after her catalog was purchased by popular music manager Scooter Braun. "CBS Sunday Morning" previewed some of its pre-taped interview with Swift on Wednesday. The reporter asks Swift if she would...

Iceland's leader won't be around to welcome Pence Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

REYKJAVIK, Iceland — Iceland's leader has announced that she will skip U.S. Vice President Mike Pence's visit to her Nordic nation, opting instead to keep "prior commitments" by attending a trade union conference and meetings in Sweden. Prime Minister...

Vegas Play of the Day: New York Yankees at Oakland A's Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

The sixth season of the annual Play of the Day betting competition between the Sun's sports staff is now underway, effective July 1. Bankrolls start at $10,000 for each of the four participants, with the objective to increase it as much as possible over...

Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

NEW YORK — A documentary about an Ohio auto glass factory that is run by a Chinese investor debuted Wednesday on Netflix as the streaming service's first project backed by Michelle and Barack Obama's new production company. Filmmakers Steven Bognar and ...

Trump's fake accent angers Asian Americans as they veer left Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

When Amanda Berg heard that President Donald Trump mocked the accents of the leaders of South Korea and Japan at a recent fundraiser, it brought back painful memories from her childhood. Berg, a Korean American who grew up in Fort Collins, Colorado,...

Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

WASHINGTON — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the...

Ms. Nevada State 2019 loses title in move tied to politics Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

The Ms. America Pageant has taken away a woman's Ms. Nevada State 2019 title and both sides agree it stems from politics. Las Vegas media outlets report that Katie Jo Williams said she was stripped of the title because she's a supporter of President...

Sign of dim economy: Bonds that charge you for lending money Posted Wednesday, 21 August 2019 ‐ Las Vegas Sun

FRANKFURT, Germany — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A...