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When former President Donald J. Trump’s social media company went public this week, supporters and investors betting on Mr. Trump’s political success helped drive the value of a loss-making firm through the roof. Mr. Trump ended the first day of public trading $4.6 billion richer on paper. If Mr. Trump is elected president, it may not be the last time the company is used as a vehicle to benefit Mr. Trump’s pocketbook, experts said. Trump Media & Technology Group — the owner of Truth Social, the site Mr. Trump uses to rally his backers and blast his opponents — could present a new, fairly straightforward route for foreign leaders or special interests to try to influence him. Should he retain his control of the company while in office, the ethical questions that arose from Mr. Trump’s hotels and other properties in his first term as president would only multiply when applied to a publicly traded media company, they said.
Persons: Donald J, Trump, Trump’s pocketbook, , , Jack Goldsmith, George W, Bush Organizations: Trump Media & Technology, Truth, Harvard University
On Tuesday, when the special counsel Robert Hur testifies before Congress, it will be high presidential-year political theater. This is just the latest example of the inversion of the aims of the special counsel office. A special counsel is supposed to ensure that the Justice Department can credibly conduct sensitive investigations that are, and that appear to be, fair and apolitical. Yet special counsels (and their precursors) have for decades failed to achieve this goal — a failure that has now reached a peak with two special counsels having an extraordinary impact on a presidential election. Special counsels have had different labels over the years.
Persons: Robert Hur, , Lawrence Walsh, Kenneth Starr, Bill Clinton’s, Monica Lewinsky, Walsh, Starr, Clinton’s Organizations: Justice Locations: Iran, Whitewater
CNN —It was not until I looked at “Family Room” for the second time that I saw the two children. The scene of decay and demise is a painting by LA-based artist Sayre Gomez, called “Family Room,” that brings together disparate elements of his hometown in an unnervingly photorealist style. The work forms part of his solo show “Heaven N’ Earth,” at art dealer Xavier Hufkens’ flagship gallery in Brussels, Belgium, exploring the complex dichotomies of the urban landscape. The Broad Museum in Los Angeles has also recently added Gomez’s work to its collection. Gomez's photo-realistic work is currently appearing in a solo show at Xavier Hufkens in Brussels, Belgium (above) and a group show at The Broad in Los Angeles.
Persons: Sayre Gomez, Xavier Hufkens, ” Gomez, Xavier Hufkens It’s, “ Gomez, Gomez, , Ed Rusha, Jack Goldstein, ” Sayre Gomez, Sam Ramirez, it’s, fabricators, John Baldessari, Xavier Hufkens “, Ed Schad, David Zwirner Organizations: CNN, Los Angeles Homeless Services Authority, California Institute of the Arts, Lucasfilm, Peabody Werden, Voorlinden, The Broad Museum Locations: LA, Brussels, Belgium, deindustrialization, , Chicago, Los Angeles, Boyle Heights, Hollywood, Netherlands, Hope, Angeles, California
Arm is hoping for a valuation of up to $70 billion in the IPO, which will launch on the Nasdaq next month. Arm and its owner SoftBank Group have set aside 10% of the shares to be sold in the IPO for its clients, the sources said. Its close relationship with Arm has helped it design chips that curbed its reliance on Intel as a supplier. Many technology companies that seek to make their own chips using Arm’s designs turn to TSMC for its low-cost manufacturing. None of these companies’ investments in Arm’s IPO are certain.
Persons: Dado Ruvic, , Jack Gold, SoftBank, Apple spokespeople, Jay Lee, Masayoshi Son, Son, TSMC, Dylan Patel Organizations: FRANCISCO, Reuters, Arm Holdings, REUTERS, Apple, Intel, Nvidia, Microsoft, Samsung Electronics, Nasdaq, Gold Associates, SoftBank, Devices Inc, APPLE, SAMSUNG, Samsung, MICROSOFT, Devices, Vision Fund Locations: Switzerland, Japan
Arm is hoping for a valuation of up to $70 billion in the IPO, which will launch on the Nasdaq next month. Arm and its owner SoftBank Group (9984.T) have set aside 10% of the shares to be sold in the IPO for its clients, the sources said. Its close relationship with Arm has helped it design chips that curbed its reliance on Intel as a supplier. Many technology companies that seek to make their own chips using Arm's designs turn to TSMC for its low-cost manufacturing. None of these companies' investments in Arm's IPO are certain.
Persons: Dado Ruvic, Jack Gold, SoftBank, Apple spokespeople, Jay Lee, Masayoshi Son, Son, TSMC, Dylan Patel, Milana Vinn, Stephen Nellis, Max Cherney, Greg Roumeliotis, Matthew Lewis Organizations: REUTERS, FRANCISCO, Arm Holdings, Apple, Intel, Nvidia, Microsoft, Samsung Electronics, Reuters, Nasdaq, Gold Associates, SoftBank, Devices Inc, APPLE, SAMSUNG, Samsung, MICROSOFT, Devices, Vision Fund, Thomson Locations: Switzerland, Japan, New York, San Francisco
Opinion | To Prosecute or Not to Prosecute Trump
  + stars: | 2023-08-18 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “The Prosecution of Trump May Have Terrible Consequences,” by Jack Goldsmith (Opinion guest essay, Aug. 10), about the charges brought by Jack Smith:Mr. Goldsmith argues that the prosecution of Mr. Trump will further erode the already diminished belief that Republicans have in our justice system and may “inspire tit-for-tat investigations of presidential actions by future Congresses and by administrations of the opposing party.”He may be correct. But the integrity of our democracy is at stake. As the New York University law professors Ryan Goodman and Andrew Weissman have written, “To not have brought this case against Mr. Trump would have been an act of selective nonprosecution” because so many foot soldiers have been prosecuted for their Jan. 6 attempt to disrupt our government. To the Editor:Jack Goldsmith studiously ignores a key factor of this disputed topic. While he details concerns about prosecuting Mr. Trump, he does not touch on the toxic consequences of not prosecuting.
Persons: Jack Goldsmith, Jack Smith, Goldsmith, Trump, Ryan Goodman, Andrew Weissman, , Bruce Kirby Rockville, Jack Goldsmith studiously Organizations: Trump, New York University Locations: Md
And it is the Biden administration’s responsibility, as its Justice Department reportedly delayed the investigation of Mr. Trump for a year and then rushed to indict him well into G.O.P. The unseemliness of the prosecution will likely grow if the Biden campaign or its proxies uses it as a weapon against Mr. Trump if he is nominated. director who put Mr. Trump in a bad light through improper disclosure of F.B.I. They are the context in which a very large part of the country will fairly judge the legitimacy of the Justice Department’s election fraud prosecution of Mr. Trump. They are the circumstances that for very many will inform whether the prosecution of Mr. Trump is seen as politically biased.
Persons: Biden, Trump, Department’s, Obama, F.B.I, Hillary Clinton, Biden’s, Hunter Organizations: Justice Department, Trump, Democratic National Committee Locations: Russia
Opinion | Why Is Democracy Under Such Stress Now?
  + stars: | 2023-04-19 | by ( Thomas B. Edsall | ) www.nytimes.com   time to read: +3 min
From Turkey to Hungary, from India to the United States, authoritarian leaders have gained power under the protective cloak of free elections. Instead, they have doubled down on even more extreme and broadly unpopular leaders and policies, from Trump to abortion and guns. As a minority seeking to exercise control of government, it is actually necessary that the Trumpist G.O.P. If enough voters, Goldstone wrote,are deeply anxious or frightened of some real or imagined threat (e.g. If the same political party controls the House, Senate, judiciary and presidency, and disregards the principles of democracy and independence of officials, then sadly none of the institutions of democracy will prevent arbitrary and autocratic government.
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