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Donald Trump Jr says presidency is costing the family firm

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Donald Trump’s presidency has cost the family firm “millions of dollars” in lost business, his son told an Indian newspaper during a visit aimed at drumming up sales of new luxury apartment complexes.

Donald Trump junior told the Times of India that the Trump Organization was turning down new business opportunities around the world because of his father’s position.

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“We are refraining from doing new deals while my father is in office,” he said in an interview published on Wednesday.

“We are turning down deals worth hundreds of millions of dollars around the world.”

Trump junior is in India to promote a series of luxury apartment developments being marketed under his father’s name.

On Friday he will have dinner with dozens of people who have bought into a development in Gurgaon, a satellite of the capital where many major companies have their offices.

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The 47-storey towers will comprise 250 homes and are expected to be completed by 2023, with price ranging from 55-110 million rupees ($850,000-$1.7 million).

The Indian developers say the high-rise apartment complex boasting floor-to-ceiling windows, state of the art amenities and a “lifestyle concierge” has already clocked up sales worth nearly $80 million.

Trump junior is on an unofficial visit to India, but will address a business conference on Friday on the subject of Indo-Pacific ties. Indian Prime Minister Narendra Modi is the keynote speaker at the event.

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The US president has ceded control of the Trump Organization to his adult sons, but refused to divest his assets, sparking concerns about a conflict of interest.

Critics say the Trump family’s continued involvement could allow the firm to profit from foreign governments eager to curry favour in Washington.

But Trump junior said the firm was focusing on existing developments rather than seeking new business opportunities in India, its biggest market outside the United States.

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He praised Modi’s economic reforms and said India was a better place to do business than regional rival China.

The Trump family earned $3 million in royalties in 2016 from ventures in India, according to a New York Times report.

The Trump Organization has also lent its brand to developments being built with local partners in Kolkata, Mumbai and Pune. It does not invest directly, but takes a share of the profits in return for the use of the Trump name.

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… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Russia and China blast US missile test

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Russia and China warned Tuesday that a new US missile test had heightened military tensions and risked sparking an arms race, weeks after Washington ripped up a Cold War-era weapons pact with Moscow.

The US and Russia ditched the Intermediate-Range Nuclear Forces (INF) treaty this month after accusing each other of violating the accord.

Washington said the agreement also tied its hands in dealing with other powers such as China.

The US Department of Defense announced on Monday it had tested a type of ground-launched missile that was banned under the 1987 INF agreement, which limited the use of nuclear and conventional medium-range weapons.

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Leaked audio shows oil lobbyist bragging about success in criminalizing pipeline protests

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"We've seen a lot of success at the state level, particularly starting with Oklahoma in 2017," said Derrick Morgan of American Fuel & Petrochemical Manufacturers

As a growing number of states move to pass laws that would criminalize pipeline protests and hit demonstrators with years in prison, an audio recording obtained by The Intercept showed a representative of a powerful oil and gas lobbying group bragging about the industry's success in crafting anti-protest legislation behind closed doors.

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Trump’s latest attempt to smear Scaramucci dunked in mockery

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At least one White House or campaign staffer apparently helped President Donald Trump attack his short-lived communications director Anthony Scaramucci -- and he was met with mockery.

The president tweeted out a supercut video late Monday of Scaramucci defending Trump before his recent public disavowal, and attacked his former staffer as a "dope" who's seeking fame.

Nobody ever heard of this dope until he met me. He only lasted 11 days! pic.twitter.com/RzX3zjXzga

— Donald J. Trump (@realDonaldTrump) August 20, 2019

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