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Is Donald Trump in default on 40 Wall Street?

1 year 11 months ago
Here's an odd thing: The Trump Organization has defaulted on its CMBS loan on its 40 Wall St building - transferred to special servicer #MacroEdgeCMBS pic.twitter.com/wKgO7gGmwl — MacroEdge (@MacroEdgeRes) November 10, 2023 Trump's 40 Wall Street property has been on watchlist for a while thanks to high costs and vacancy rates, but as near as ...continue reading "Is Donald Trump in default on 40 Wall Street?"
Kevin Drum

This Week In Techdirt History: November 5th – 11th

1 year 11 months ago
Five Years Ago This week in 2018, there was another failed attempt to hold Twitter responsible for terrorism, while we were taking a closer look at the massive influence campaigns and coordinated election interference happening on the platform. AT&T began kicking pirates off the internet, the Supreme Court rejected the telecom industry’s calls to hear […]
Leigh Beadon

Louisiana ordered to redraw racist congressional map

1 year 11 months ago
Louisiana's latest redistricting map is so unfair to Black voters that even the hyper-conservative Fifth Circuit Court has agreed it's illegal: The Louisiana state legislature has until the middle of January to enact a new congressional map after a federal court ruled that the state’s current map illegally disfranchises Black voters in the state.... According ...continue reading "Louisiana ordered to redraw racist congressional map"
Kevin Drum

Alton Post 1308 Veterans Day Program Is Again Beautiful Commemoration On This Special Day

1 year 11 months ago
ALTON - The renowned Veterans Day Program at VFW Post 1308 on Alby was once again a beautiful tribute to those who have served and are serving in the military. The annual ceremony recognizes each service branch with a laying of the wreaths. Shannon Yount, United States Marine Corps, was the master of ceremony, Jeff Gray, a United States Air Force veteran, did the invocation and Joe Macias gave the Pledge of Allegiance. Steve Corbitt did an outstanding rendition of the National Anthem and Alton Mayor David Goins read a proclamation about Veterans Day on behalf of the City of Alton. Godfrey Mayor Mike McCormick and State Rep. Amy Elik were also in attendance. The Laying of the Wreaths portion of the program featured the following: Medal of Honor - Wayne Able POW/MIA - 2nd. Lt. Robert Ryan, USAAAF/Sue Parrish Gold Star Mother - Lynn Leenker Alton Post 1308 & Auxiliary - Commander Joe Macias and Chuck Herring Army - Chad Sibley Navy - Jake Lloyd Marine Corps - Brad Yount

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Raw data: Inflation since 2000

1 year 11 months ago
Here is the quarterly rate of core PCE inflation over the past couple of decades: Excluding the unusual deflation during the start of the Great Recession, average core PCE inflation averaged 2.1% through 2019. In the third quarter of this year it was at 2.4%.
Kevin Drum