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#profiteering

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#Federal officials are barred from making decisions that benefit the business holdings of themselves or their spouses, but that prohibition does not extend to assets held by their adult children, acc/to Richard Painter, who served as the chief White House #ethics lawyer during Republican George W. Bush’s admin.

Like Father like Son. Grifters and liars, both significantly enriched by it as well

'If there’s one family that hasn’t profited off politics, it’s the Trump family,’ president’s son says in an interview’

Even someone this thick can not belie the words that come out of his arse surely? The smirk gives him away.

archive.is/20250627082728/http (archive)

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The filing also discloses details of a *#NationalSecurity* [personsal enrichment scheme] agreement inked w/the Trump admin, which gives #Trump the personal authority to name a board member as well as a non-economic golden share.

The golden share gives the US govt veto authority over a raft of #corporate decisions, from idling plants to cutting production capacity & moving jobs overseas, as previewed in a weekend social media post by #Commerce Secy #HowardLutnick.

The #NipponSteel acquisition of #USSteel closed, with big role for #Trump

#profiteering #Emoluments #law #securities #SEC #ImpeachTrump

Nippon Steel's $14.9 billion acquisition of US Steel closed on Wed, the companies said, confirming an unusual degree of #power for the Trump admin after the Japanese company's 18-month struggle to close the purchase.

Under the deal terms, Nippon bought 100% of US Steel shares at $55 per share, as it first laid out in its Dec 2023….

reuters.com/sustainability/boa

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[#Republicans loosening of #cryptocurrency #regulations] has coincided w/Trump’s family’s rapid expansion into the industry, which has made #Trump into a #crypto dealer who stands to make huge sums of money from it.

In a #policy stmnt released before the final vote, WH ofcls wrote that the bill “removes #regulatory uncertainty that has hindered *innovation & competitiveness* [#fraud & #MoneyLaundering] in the digital assets sector.”

#Emoluments Schlemoluments

#Trump is set to expand his property #empire into #Dubai - with a new 80 story skyscraper.

Plans have been unveiled for Trump Hotel & Residences Dubai in the heart of the #UAE, measuring almost 1,150 feet with a swimming pool at the top. Prices for 2-bed apartments start at $1M & the website for the property offers free 10 year ‘golden visas’.

#law #Constitution #corruption #profiteering #geopolitics
h/t @maddad
independent.co.uk/news/world/a

The Independent · New Trump Tower in Dubai unveiled where apartments come with free 10 year ‘golden visa’By Madeline Sherratt
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While #Trump’s many merchandising opportunities have been difficult to keep up with, this endeavor was arguably the most outrageous—partly because of the rather obvious #ConflictOfInterest related to the #SEC & partly because of the brazenness of Trump’s #profiteering.

The CLC’s Adav Noti explained, “It is literally cashing in on the presidency—creating a financial instrument so people can transfer money to the president’s family in connection with his office. It is beyond unprecedented.”

“If there’s one thing we learned from the pandemic supply-chain shocks, it’s that corporate CEOs never let an emergency go to waste. Bosses, knowing that you’d been warned to expect higher prices, went ahead and jacked up their prices way over inflation, blaming it on covid, on stimulus checks, on Biden, on the phase of the moon. Blaming it on anything — except greed. That’s why we called it “excuseflation””

#GreedFlation #Profiteering

pluralistic.net/2025/04/21/tru

pluralistic.netPluralistic: Trump’s FTC opens the floodgates for tariff profiteering (21 Apr 2025) – Pluralistic: Daily links from Cory Doctorow

As #EggPrices soared, so did producer #profits

A #USDA program doled out hundreds of millions in relief payments to big egg companies, even as the largest earned record profits.

The #AvianInfluenza outbreak has had far-reaching consequences: >120M hens have been slaughtered & #egg #prices have risen to record levels. In his address to Congress, #Trump called the situation “out of control.”

Yet for some #corporate companies, these are good times.

#BirdFlu #Profiteering
washingtonpost.com/business/20

The Washington Post · As egg prices soared at the supermarket, so did producer profitsBy Peter Whoriskey

Trump's hardly the first US politician to profit from his office, nor is this behaviour confined to the right; plenty of supposedly left of centre officials and legislators have turned their public office to private benefit.

What is new and disturbingly different is the sheer scale and shamelessness of the profiteering, self-dealing, and corruption here. What's worse, Trump and his sycophants promote these actions as "smart" and "patriotic".

Critics accuse Trump and others of profiting from their positions | PBS News

pbs.org/newshour/show/critics-

PBS News · Critics accuse Trump and others of profiting from their positionsBy Laura Barrón-López

Journalist Nora Loreto sounds the alarm on the possibility of #Canadian capitalists using the Trump tariffs as an excuse to jack up prices and profiteer as they did during the pandemic.

We are going to need action against tariff profiteering by corporations.

#Canada #CanadianPolitics #cdnpoli #profiteering #monopolies #oligopolies

noraloreto.substack.com/p/ok-b

Nora Loreto · Ok, but what about profiteering?By Nora Loreto