Skip to content

This Week in Finance 2018–08–26

2022-12-16

Author(s): Scott Douglas Jacobsen

Publication (Outlet/Website): Medium (Humanist Voices)

Publication Date (yyyy/mm/dd): 2018/08/26

“NEW YORK — He’s one of the longest-serving employees in Donald Trump’s family real estate business. Through triumphs, scandals and bankruptcies, he was there.

Allen Weisselberg was handling the books when Fred Trump ran the company in the early 1970s. He was handling them when his son Donald made his mark with Trump Tower in the early ’80s, then teetered on personal bankruptcy in the ’90s. And he was there when Trump transformed the business around his TV celebrity in the new millennium and went on a global licensing spree.”

Source: https://www.weyburnreview.com/prosecutors-grant-immunity-to-longtime-trump-finance-chief-1.23411660.

“Enough with the preoccupation with cannabis. How about focusing on really important issues for a change?

When will the Trudeau government recognize the need to build more water bombers? Let’s start with an order for 50 (to be built in Canada) and begin a program to train pilots and other staff as needed; it is surely clear to any thinking person, given the current dire situation in B.C., that we are going to need them!

How to finance such a huge expense?

How about a determined effort by Ottawa to put an end to tax evasion by tracking down and eliminating any chance of hiding funds offshore. This would bring in billions with which to finance much-needed projects that would benefit all Canadians including, for example, a national pharmacare plan, help for First Nations, improved services for an ageing population, upgrading of infrastructure and more.”

Source: https://www.thestar.com/opinion/letters_to_the_editors/2018/08/25/finance-water-bombers-by-tackling-tax-evasion.html.

“NEW YORK — He’s one of the longest-serving employees in Donald Trump’s family real estate business. Through triumphs, scandals and bankruptcies, he was there.

Allen Weisselberg was handling the books when Fred Trump ran the company in the early 1970s. He was handling them when his son Donald made his mark with Trump Tower in the early ’80s, then teetered on personal bankruptcy in the ’90s. And he was there when Trump transformed the business around his TV celebrity in the new millennium and went on a global licensing spree.

Now the private and loyal Weisselberg is in the spotlight as the latest Trump confidant, and perhaps the most significant, to strike a deal with federal investigators for protection and to tell what he knows. Federal prosecutors have granted the Trump Organization’s chief financial officer immunity in the federal probe of former Trump lawyer Michael Cohen as the president lashes out at people “flipping” to the feds.”

Source: https://business.financialpost.com/pmn/business-pmn/reports-trump-organization-finance-chief-gets-immunity.

“Socialist countries have always had banks: central banks, savings banks taking local deposits, commercial banks, and export banks. Che Guevara was even the director of the National Bank of Cuba. What makes socialist banks “socialist”? And what are the relationships between socialist and global finance? How was socialist finance taken over by networks of secret services and company managers, who supported and structured the transition to authoritarian, capitalist parties in the late 1980s and 1990s? Here we look at the entanglements of global and socialist finance in Yugoslavia and to reflect on the new forms of peripheralization generated by financial flows in post-crisis Europe.

Johanna Bockman is Associate Professor of Global Affairs and Sociology at George Mason University. She is the author of the book Markets in the Name of Socialism: The Left-Wing Origins of Neoliberalism and the article “Socialist Globalization against Capitalist Neocolonialism: the Economic Ideas behind the NIEO” in Humanity. She is currently working on socialist, nonaligned banks and globalization.”

Source: https://socialistproject.ca/leftstreamed-video/ls397/.

License

In-Sight Publishing by Scott Douglas Jacobsen is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. Based on a work at www.in-sightpublishing.com.

Copyright

© Scott Douglas Jacobsen and In-Sight Publishing 2012-Present. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Scott Douglas Jacobsen and In-Sight Publishing with appropriate and specific direction to the original content. All interviewees and authors co-copyright their material and may disseminate for their independent purposes.

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: