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Kushner’s ‘Times Square Dream’ real estate project is failing: report

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In 2018, Jared Kushner’s real estate empire was in serious trouble — 666 Fifth Avenue, which Kushner had purchased at the top of the market just before the financial crisis, was hemorrhaging money and unable to rent out all its space. The company averted disaster with a bailout from Brookfield Asset Management, a Canadian company with ties to the state investment fund of Qatar.

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Now, according to Bloomberg News, Kushner’s company is in trouble again as yet another New York property is bleeding red ink.

In 2015, Kushner’s company bought the first six floors of the old New York Times building on West 43rd Street. The plan was to create an indoor amusement park accessible from Times Square, drawing in tourists.

Today, tenants include a bowling alley, a Guitar Center, and a sushi restaurant, all of which were there when Kushner Co. first bought the property, as well as National Geographic Encounter and Gulliver’s Gate, which charge over $30 for admission, are struggling to turn a profit, and are paying rent unreliably.

The upshot is that Kushner’s company doesn’t have anywhere near the revenue it projected when it took out a $370 million loan to buy the property. The company pushed much of the loss onto investors while using $59 million of the loan to pay itself. Its struggles have caused Wells Fargo to place it on their watchlist, and federal prosecutors investigated the property’s finances in 2017.

Kushner has long been hailed as a genius by President Donald Trump, who put him in charge of a number of domestic and foreign policy projects. But his son-in-law’s record of advice has been terrible — indeed, Kushner originally told Trump to fire FBI Director James Comey, which resulted in special counsel Robert Mueller being appointed to investigate the president.

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One of the 2 articles of impeachment against Trump points the way to disqualify him from running for president again

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If President Donald Trump were to be acquitted on articles on impeachment in a U.S. Senate trial and win reelection in 2020, he would be the first president in United States history to be impeached in the House yet win a second term. That’s one possible scenario, depending on what happens in a likely Senate trial and the 2020 presidential election. But journalist Lauren Frias, in an article for Business Insider, describes another scenario: Trump is removed from office by the Senate yet runs for president again anyway.

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Trump pretends he was in the military during White House reception

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President Donald Trump held a White House Hanukkah party a few weeks before the Jewish holiday and during the event, he seemed to be claiming he served in the military when he didn't.

"Like we used to say in the military, make a path,” Trump said.

https://twitter.com/jeffmason1/status/1204938676876263425

Trump not only never served in the military he actively dodged the draft, getting a pass due to alleged bone spurs in his feet. It's unknown if Trump actually has bone spurs, but such a condition doesn't disappear.

Bob Kerrey, a former Nebraska Senator and SEAL officer in the U.S. Navy went after the president in March demanding to see proof of the bone spurs.

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America shocked Louie Gohmert outed suspected whistleblower during hearing

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Rep. Louie Gohmert (R-TX) named the latest person that right-wing media believes is the White House whistleblower during Wednesday's impeachment proceedings in the House Judiciary Committee.

https://twitter.com/AndrewDesiderio/status/1204926692428570624

People were shocked by Gohmert's speech. People suggested the Texas Republican should be referred to the House Ethics Committee for investigation and/or be censured and/or expelled from the House of Representatives.

Here's some of what people were saying:

Cut his mic, escort him the hearing, strip him of all committees....then make him sit a Matt Gaetz and Jim Jordan's lunch table!

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