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Trump’s business failures weren’t simply tax dodges — they were real disasters

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President Donald Trump continues to refuse to release his taxes, citing an ongoing audit as his reason. Nevertheless, this week the New York Times was able to obtain tax documents that revealed Trump’s long history of abject financial failure.

Writing in the New Yorker, John Cassidy breaks down just how bad Trump’s financial history is.

He notes that the Times story clearly got under Trump’s skin, given his dramatic reaction on Twitter. He also notes that Trump didn’t dispute any of the damning details.

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“The first thing to note about Trump’s argument is that, despite his parting jibe, he didn’t challenge any of the specific figures in the Times story,” Cassidy writes.

“They show that, between 1985 and 1989, a period when the economy was forging ahead and Trump was busy portraying himself as a billionaire with the Midas touch, his core businesses—apartment buildings, hotels, and casinos—somehow managed to lose $359.1 million.”

“That was only the beginning. As the economy weakened, in 1990 and 1991, Trump’s core businesses racked up losses of $517.5 million. And, between 1992 and 1994, as the economy recovered, they lost another $286.9 million.”

He points out that Trump associates are trying to spin the losses as just standard operating procedure of running a business empire. That’s false.

“For a decade, or more, he largely confined himself to licensing deals, entertainment ventures, and minority investments that cashed in on his personal brand, which somehow survived his dramatic fall,” Cassidy says.

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“In May, 2019, this is all distant history, of course,” he adds.

“But don’t let anyone tell you—not Trump, nor Newt Gingrich, nor any of the President’s other apologists—that the businesses Trump operated were successful, or that the huge losses they sustained were simply tax dodges. They weren’t.”

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Trump proposed evacuating 25 million people from Seoul as tensions with North Korea escalated: new tell-all

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According to a new book by counter-terrorism expert Peter Bergen, Donald Trump proposed evacuating all 25 million citizens living in Seoul, South Korea at a time when tensions were on the rise with North Korea's Kim Jong-un.

The Guardian reports Bergen states in his book, "Trump and His Generals: The Cost of Chaos," the president was shown a map of North and South Korea in 2017 at a time when Kim was ordering an increase in missile tests.

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Two impeachment articles expected against President Trump: reports

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Democrats are expected to announce on Tuesday two articles of impeachment against Donald Trump, US media reported Monday evening, after laying out their case at a hearing against a president they branded a "clear and present danger" to national security.

The articles will focus on abuse of power and obstruction of Congress, The Washington Post said, citing three official familiar with the matter.

It added that the full House of Representatives would vote on the articles next week, ahead of a trial in the Senate.

CNN said a third article on obstruction of justice was still being debated, and the network's sources cautioned that plans were still being finalized.

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Ambassador McFaul ‘shocked’ Trump invited Sergey Lavrov back to the Oval Office: ‘What are they thinking?’

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Former Ambassador to Russia Michael McFaul repeatedly said he was shocked that President Donald Trump will meet with Russian Foreign Minister Sergey Lavrov on Tuesday.

McFaul was interviewed Monday evening by Lawrence O'Donnell on MSNBC "The Last Word," where he contrasted how Trump is treating the Russian government of President Vladimir Putin to the Ukrainian government of President Volodymyr Zelensky.

"Ambassador McFaul, I want to get your reaction to the Russian foreign minister meeting tomorrow at the White House, in the Oval Office, with President Trump," O'Donnell said. "That's his second time. President Zelinsky still hasn't gotten that meeting and Donald trump apparently, apparently may be voted articles of impeachment in committee this week because of his interactions with President Zelensky."

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