The Trump Presidency, Season 2

Innula Zenovka

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Donald Trump’s Board of Peace fund is empty (Evernote link because FT paywall)

The official fund for Donald Trump’s Board of Peace is empty and the organisation is stuck in a legal and political limbo that has held up projects to rebuild Gaza.

The US president described the board, which solicited $1bn “lifetime membership” fees from world leaders, as one of the “most consequential” international organisations created. Member states pledged $7bn for the board’s Gaza “relief package”, and Trump promised a further $10bn in US funding.

But four months after its establishment, the board’s financial fund set up by the World Bank has received no money from donors, according to four people familiar with the matter. “Zero dollars have been deposited,” one said.
Rather than use the fund administered by the World Bank, and endorsed by the UN, the board has received donations directly via its JPMorgan account, the board’s spokesperson and another person familiar with the arrangements said.

While the World Bank must report on the financial position of the Gaza fund to contributors and board members, no independent transparency requirements are in place for the JPMorgan account.
 

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Innula Zenovka

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Trump hit rock bottom long ago, but continues to dig. Not making any effort to pretend he's not going after his personal enemies with the justice department.
A summary of the prosecution

The pretext — and it is a pretext — is perjury. Prosecutors are reportedly zeroing in on a 2022 deposition in which Carroll said she had no outside funding for her lawsuit. It later came out that LinkedIn co-founder Reid Hoffman helped cover some of her legal costs, not by writing her a check, but through a nonprofit. Carroll’s lawyers said she never met or spoke with anyone tied to the organization. As is standard, clients often don’t know who the donors behind a legal fund are.
Here’s the part they’re hoping you skip: a federal judge already looked at this. Back in 2023, Judge Lewis Kaplan reviewed the funding question, ruled it did not undermine Carroll’s credibility, and limited how much Trump’s lawyers could even ask about it at trial. The issue was raised, examined, and disposed of by the court years ago. It is not new. It is not a smoking gun. It is a settled matter that the most powerful man in the country is now trying to re-litigate with subpoenas and the threat of prison.
 

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If the headlines for these stories on this DOJ investigation make it clear Trump was found guilty of rape (and defamation) in the previous trials, then good. But I'm not expecting the facts to filter out effortlessly in today's press.
 

Innula Zenovka

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This administration, and I include the Pentagon and, sadly, the US military in this description, is know controlled by corruption and incompetence, with flattery not skill a key ability to rise up (in uniform and out). Such a culture will not only waste or steal any extra funding money, what is spends it will almost certainly do so improperly. It will in all likelihood make the US weaker not stronger.

There is a terribly mistaken notion that more defense spending equates to a better military. That is simply not true historically and in the US today. A military is not some end in and of itself, it is a creation of a system and it reflects that systems values and practices. A creative, honest and reflective system can create a military of great effectiveness with much less money than you think. A dishonest, stupid and unctuous system waste much of its funding. We have had countless examples of the latter in the last century, and let me start with two—Putin’s Russia and Mussolini’s Italy (both states to which Trump’s America bears an uncomfortable resemblance).