his own windfall trump generated low on cash in 16, · 10/10/2020 · trump generated his own...
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PHOENIX — Cindy Bishop isthe sort of voter who has some Re-publicans bracing for a wipeoutnext month.
Standing inside her garage,shielded from the 102-degreedesert heat, Ms. Bishop, a 61-year-old medical professional, said shevoted for Mr. Trump four yearsago because “he wasn’t a poli-tician.” But then, she said, “I got ataste of him and I’m like, ‘God, he’sdisrespectful’ — there’s so muchabout him I don’t like.” She is now
leaning toward Joseph R. BidenJr.
The inflammatory behaviorthat has alienated voters beyondhis base has long posed the mostsignificant impediment to Mr.Trump’s re-election. But one weekafter he rampaged through thefirst presidential debate and thenwas hospitalized with the corona-virus, only to keep minimizing the
disease as it spread through hisWhite House, the president’s con-duct is not only undermining hisown campaign but threatening hisentire party.
New polls show Mr. Trump’ssupport is collapsing nationally,as he alienates women, seniorsand suburbanites. He is trailingnot just in must-win battle-grounds but according to privateG.O.P. surveys, he is repelling in-dependents to the point where Mr.Biden has drawn closer in solidlyred states, including Montana,Kansas and Missouri, people
Sun Belt Is Suddenly Looking a Little Less RedBy JONATHAN MARTIN
and ALEXANDER BURNSTrump’s Woes Rippling
Across G.O.P. States
Continued on Page A15
Whitey Ford, the Yankees’ Hallof Fame left-hander who was cele-brated as the Chairman of theBoard for his stylish pitching andbig-game brilliance on the ballclubs that dominated baseball inthe 1950s and early ’60s, died onThursday night at his home inLake Success, N.Y., on Long Is-land. He was 91.
Pitching for 11 pennant-winnersand six World Series champions,Ford won 236 games, the most ofany Yankee, and had a career win-ning percentage of .690, the best
among pitchers with 200 or morevictories in the 20th century.
At his death, Ford was the sec-ond-oldest surviving Hall ofFamer, behind the former Dodgermanager Tommy Lasorda, who is93. His death came six days afterthat of his fellow Hall of Famepitcher Bob Gibson of the St. LouisCardinals.
He was a scrappy, rambunc-
tious, fair-haired son of New YorkCity — hence the nickname — andthrough the decades a belovedone, as loyal to Yankee pinstripesas his most die-hard fans. “I’vebeen a Yankee fan since I was 5years old,” Ford said at his Hall ofFame induction at Cooperstown,N.Y., in 1974.
He was among the biggestnames on Yankee teams featuring
Son of the City, and Cornerstone of a DynastyBy RICHARD GOLDSTEIN Last Link to an Era of
Yankees’ Dominance
Whitey Ford pitching for the Yankees in 1960, when he and the team were at their peak.PATRICK BURNS/THE NEW YORK TIMES
WHITEY FORD, 1928-2020
Continued on Page A22
ACE OF THE YANKEES Tyler Kep-ner writes on Ford’s career, andhis remarkable records. PAGE B7
LONDON — What faint hopesremained that Europe was recov-ering from the economic catastro-phe delivered by the pandemichave disappeared as the lethal vi-rus has resumed spreading rap-idly across much of the continent.
After sharply expanding in theearly part of the summer, Britain’seconomy grew far less than antici-pated in August — just 2.1 percentcompared with July, the govern-ment reported on Friday, addingto worries that further weaknesslies ahead.
This week, France, Europe’ssecond-largest economy, down-graded its forecast for the pace ofexpansion for the last three
months of the year from an al-ready minimal 1 percent to zero.Over all, the national statisticsagency predicted the economywould contract by 9 percent.
The diminished expectationsare a direct outgrowth of alarmover the revival of the virus.France reported nearly 19,000new cases on Wednesday — a one-day record, and almost double thenumber the day before. The surgeprompted President Emmanuel
Macron to announce new restric-tions, including a two-month shut-down of cafes and bars in Parisand surrounding areas.
In Spain, the central bank gov-ernor warned this week that theaccelerating spread of the viruscould force the government to im-pose restrictions that wouldproduce an economic contractionof as much as 12.6 percent thisyear.
The European Central Bank’schief economist cautioned onTuesday that the 19 countries thatshare the euro might not recoverfrom the disaster until 2022, withthose that are dependent on tour-ism especially vulnerable.
Summer increasingly feels like
Virus Spread Halts Europe’s Economic RevivalBy PETER S. GOODMAN
Continued on Page A7
Midyear Bounce ProvesFleeting, and Leaders
Brace for Turmoil
Late Edition
VOL. CLXX . . . . No. 58,842 © 2020 The New York Times Company NEW YORK, SATURDAY, OCTOBER 10, 2020
In Boston, plans to bring chil-dren back to school have beenhalted as cases of the coronavirusclimbed precariously. New virusclusters are emerging in Rhode Is-land, Connecticut, Maryland andPennsylvania. In New York City,the number of new cases each daynow averages more than 500 forthe first time since June.
The Northeast, devastated bythe coronavirus in the spring andthen held up as a model of infec-tion control by summer, is nowseeing the first inklings of whatmight become a second wave ofthe virus, an ominous prospect forthe region and a sharp warning tothe rest of the country.
The rise in new cases hasprompted state and local officialsto reverse course, tightening re-strictions on businesses, schoolsand outdoor spaces.
In New Jersey, where hospital-izations are on the rise and therate of infection has almost dou-bled to nearly eight cases per100,000 people, towns have closedpublic parks and picnic areas todiscourage people from gather-ing. Gov. Gina Raimondo of RhodeIsland extended restaurant ca-pacity limitations for anothermonth, concerned about thestate’s uptick in confirmed cases.
Signs SuggestSecond WaveFor Northeast
By SARAH MERVOSHand JULIE BOSMAN
Continued on Page A6
Donald J. Trump needed money.His “self-funded” presidential
campaign was short on funds, andhe was struggling to win overleery Republican donors. His golfcourses and the hotel he wouldsoon open in the Old Post Office inWashington were eating away atwhat cash he had left on hand, histax records show.
And in early 2016, DeutscheBank, the last big lender still do-ing business with him, unexpect-edly turned down his request for aloan. The funds, Mr. Trump hadtold his bankers, would help shoreup his Turnberry golf resort inScotland. Some bankers fearedthe money would instead be di-verted to his campaign.
That January, Mr. Trump sold alot of stock — $11.1 million worth.He sold another $11.8 millionworth in February, and $7.5 mil-lion in March. In April, he sold $8.1million more.
And the president’s long-hiddentax records, obtained by The NewYork Times, also reveal this: howhe engineered a sudden financialwindfall — more than $21 millionin what experts describe as highlyunusual one-off payments fromthe Las Vegas hotel he owns withhis friend the casino mogul PhilRuffin.
In previous articles on the taxrecords, The Times has reportedthat, in all but a few years since2000, chronic business losses andaggressive accounting strategieshave allowed Mr. Trump to largelyavoid paying federal incometaxes. And while the hundreds ofmillions of dollars earned from“The Apprentice” and his attend-ant celebrity rescued his businesscareer, those riches, together withthe marketing power of the Trumpbrand, were ebbing when he an-
nounced his 2016 presidential run.The new findings, part of The
Times’s continuing investigation,cast light on Mr. Trump’s financialmaneuverings in that time of fis-cal turmoil and unlikely politicalvictory. Indeed, they may offer ahint to one of the enduring mys-teries of his campaign: In its wan-ing days, as his own giving hadslowed to a trickle, Mr. Trump con-tributed $10 million, leaving manypeople wondering where the burstof cash had come from.
The tax records, by their na-ture, do not specify whether themore than $21 million in paymentsfrom the Trump-Ruffin hotelhelped prop up Mr. Trump’s cam-paign, his businesses or both. Butthey do show how the cash flowed,in a chain of transactions, to sev-eral Trump-controlled companiesand then directly to Mr. Trumphimself.
The bulk of the money wentthrough a company called TrumpLas Vegas Sales and Marketingthat had little previous income, noclear business purpose and noemployees. The Trump-Ruffinjoint venture wrote it all off as abusiness expense.
LOW ON CASH IN ’16,TRUMP GENERATEDHIS OWN WINDFALL
Tax Records Reveal How Hotel Funneled$21 Million via His Companies
This article is by Susanne Craig,Mike McIntire and Russ Buettner.
President Trump’s Las Vegashotel, owned with Phil Ruffin.
JOE BUGLEWICZ FOR THE NEW YORK TIMES
Continued on Page A20
If Rafael Nadal wins the final at RolandGarros on Sunday, he’ll match RogerFederer’s 20 singles titles. PAGE B9
SPORTSSATURDAY B7-10
Men’s Major Record at StakeThe U.S. government said its earlierconcerns about global warming’s effectson wolverines were overstated. PAGE A16
NATIONAL A12-23
No Protection for Wolverines
After halting negotiations with Demo-crats this week, President Trump pro-posed a $1.8 trillion rescue package thathis own party may reject. PAGE A6
TRACKING AN OUTBREAK A4-8
President Raises Stimulus OfferThe platform, seeking to combat politi-cal misinformation, is temporarilychanging some of its features. Re-tweeting will be slowed. PAGE B1
BUSINESS B1-6
A New Feel to TwitterThe Nobel laureate Louise Glück’s workshave meanings that you can tangle withfor a long time. An appraisal. PAGE C1
ARTS C1-6
Poetry That Dares to Be Cruel
Game 5 of the finals between the Lak-ers and the Heat was expected to be thefirst game aired since last fall. PAGE B9
N.B.A. Back on TV in China
Weary of tokenism at art museums, agroup of Black board members is push-ing for diverse perspectives. PAGE C1
Black Trustees Join Forces
A federal judge allowed Gov. Andrew M.Cuomo of New York to move forwardwith new restrictions on synagoguesand other houses of worship. PAGE A7
Court Clears Cuomo’s OrdersLenders and businesses await clarity onhow loans under the Paycheck Protec-tion Program will be forgiven. PAGE B1
Agony, Until Congress Acts
Timothy Egan PAGE A24
EDITORIAL, OP-ED A24-25
The U.N. agency won the Peace Prize forfighting a surge in global hunger amidthe coronavirus pandemic. PAGE A10
INTERNATIONAL A9-11
Nobel for World Food ProgramPresident Trump called a Covid-19treatment from the company Regen-eron a “cure,” but he also sowed suspi-cion about whether it works. PAGE A4
‘Cure’ Remark Stirs Interest
WASHINGTON — PresidentTrump forced the State Depart-ment on Friday to commit to re-leasing at least some of HillaryClinton’s emails before nextmonth’s election, resurrecting afour-year-old issue in hopes that itwould prove as helpful to his polit-ical prospects as it was when hedefeated her in 2016.
Trailing badly in the polls andeager to change the subject fromthe coronavirus, Mr. Trump suc-ceeded in compelling Secretary ofState Mike Pompeo to announcethat he would make public theemails even as Attorney GeneralWilliam P. Barr resisted pressure
from the president to prosecuteDemocrats like former Vice Presi-dent Joseph R. Biden Jr., thisyear’s Democratic nominee.
Still recovering from his own co-ronavirus infection, Mr. Trumpmade plans to host hundreds ofsupporters on the South Lawn ofthe White House on Saturday forhis first in-person event since hetested positive last week, accord-ing to three people familiar withthe schedule. The rally that he hadpreviously said he wanted to holdon Saturday in Florida will insteadbe held on Monday, his campaignannounced, as the president in-sisted on getting back on the roaddespite his illness.
The burst of activity and machi-
President Pressuring PompeoAnd Barr for a Campaign Jolt
This article is by Peter Baker, Mag-gie Haberman, Katie Benner, LaraJakes and Michael S. Schmidt.
Continued on Page A19
MASKS The White House blockedthe C.D.C. from requiring maskson public transportation. PAGE A6
TRACKING AN OUTBREAK
The director of national intelligencevowed to be apolitical. Months at his job,he has become anything but. PAGE A12
Spy Chief in Political Role
LUKE SHARRETT/BLOOMBERG
A storm surge hit Lake Charles, La., as Hurricane Delta battered a state still reeling from a hurricane six weeks earlier. Page A16.Back in Storm’s Path
Today, partly sunny, breezy, warmer,high 77. Tonight, partly cloudy, mild,low 63. Tomorrow, periodic cloudsand sunshine, not quite so warm,high 70. Weather map, Page B8.
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