On Tuesday, The New York Times dropped a bombshell report detailing a decade worth of President Donald Trump’s tax information.
The report details that Trump lost billions of dollars over the year in taxes. Several pundits wondered about the impact of this new report. Former Obama communications director Jen Psaki told CNN’s Erin Burnett that that report reveals why Trump could have been so easily influenced by Russia.
“I think it’s significant and problematic,” Psaki said. “Not only does this kind of fly in face of how he ran for office, it shows him to be a fraud but it shows why he would be vulnerable to interests like Russia and other countries who are trying to convince him that they can help him out with his financial problems. We don’t know that happened. We haven’t seen all the proof. But this is an important piece that people will dig further into.”
Former federal prosecutor Renato Mariotti tweeted that it could mean Trump is open to blackmail.
“What is Trump’s financial condition now? Is he in the red? Could he be vulnerable to blackmail?” Mariotti tweeted. “We don’t know because he has hidden his tax returns from Congress and the public.”
What is Trump’s financial condition now? Is he in the red? Could he be vulnerable to blackmail?
We don’t know because he has hidden his tax returns from Congress and the public. https://t.co/6KpQ3qSszA
— Renato Mariotti (@renato_mariotti) May 7, 2019
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World War Z author: Donald Trump is ‘a homicidal buffoon’ who has committed ‘a type of war crime against the American people’
The coronavirus pandemic continues to spread across the country with more than 130,000 Americans killed by the disease. The country is led by a neofascist regime that is actively trying to hurt its citizens through willful neglect and malevolence. The United States is in the midst of an economic collapse which will rival if not surpass the Great Depression. Yet, the very richest Americans are profiting from the economic chaos and human pain and overall destruction caused by the coronavirus pandemic.
Australia’s second-biggest city under new virus lockdown
More than five million residents of Melbourne will be locked down for six weeks after coronavirus cases surged in Australia's second-biggest city, authorities announced Tuesday.
State Premier Daniel Andrews said the lockdown would begin at midnight Wednesday and last at least six weeks, as he warned residents "we can't pretend" the coronavirus crisis is over.
After the south-eastern city detected 191 new cases in 24 hours, Andrews said there were now too many incidents of the virus to trace and track.
"These are unsustainably high numbers," he said. "No-one wanted to be in this position. I know there will be enormous amounts of damage that will be done because of this. It will be very challenging."
Markets in retreat after latest stocks surge
Asian markets mostly fell Tuesday as traders took a step back after their latest rally, with a run of upbeat economic data offset by fears over a spike in new virus infections.
While several countries are suffering a fresh surge in infections -- particularly the United States -- the ongoing easing of lockdown measures and reopening of economies has been the key driver of a months-long surge across equities.
After the latest advances, which saw Shanghai hit a two-year high and the Nasdaq on Wall Street end at another record, dealers stepped back and took profits.
There was also some trepidation on trading floors after Donald Trump's top infectious diseases expert warned the US was still "knee-deep" in its first wave of coronavirus infections.