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Trump picks a bad time to set vivid example of authoritarian self-dealing
MSNBC· 2025-10-14 04:57
International Relations & Potential Conflicts of Interest - The U S President allegedly discussed setting up a meeting between the Indonesian President and his son, Eric Trump, who manages the Trump family business, raising concerns about conflicts of interest [1][2] - The Trump family has business ventures in Indonesia, including a new golf course deal, potentially influencing the President's actions in his official capacity [3] - Qatar gifted Trump a $400 million luxury jet, and the U S will respond as if attacked if Qatar is attacked, essentially granting them "fake NATO membership" [5] - The U S is building a Qatari Amiri Air Force facility at Mountain Home Air Base in Idaho, sparking confusion and requiring clarification from the Secretary of Defense [6][7] Financial & Economic Implications - The U S Treasury Secretary sent $20 billion of taxpayer money to Argentina to bail out their currency, which has already dropped 27% in value this year [10] - The IMF has bailed out Argentina 23 times, and the country owes the IMF more money than any other country on Earth [11] - There are concerns that the $20 billion bailout of Argentina may be lost, as markets reacted negatively even after the infusion [13] - Two American billionaires close to the Treasury Secretary stand to gain from the U S taxpayer propping up Argentina's economy [15] Domestic Impact - The U S government is shut down, while the U S is funding another country's government [9] - The $20 billion bailout of Argentina is occurring while domestic services like Yellowstone and TSA are affected by the government shutdown [16]
X @The Economist
The Economist· 2025-07-11 01:40
An industry that dreamed of being above politics has become synonymous with self-dealing https://t.co/u1bRdbKKNU ...