Monday, September 28, 2020

Murdoch likes Trump

I wager that you've seen many references this weekend to the NY Times breaking of a truly major story. The Times has been able to gather enough information about Trump's financial dealings over the years to summarize his current financial status thusly: “Financial pressure on the president is only growing. Mr. Trump has reported losses at many of his signature properties, including $55.5 million at his Washington hotel since it opened in 2016, and $315.6 million at his prized golf resorts since 2000. He appears to have sold off most of his stocks and has relied heavily on debt. More than $300 million in loans he personally guaranteed will soon come due.”

Almost every news site I've seen today has highlighted the Times article. I say 'almost' because references to the article are quite muted in the Murdoch chain - Wall Street Journal, NY Post and Fox News. Why is that?

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