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The Trump Riot Aftermath (Oath Keepers founder Stewart Rhodes found guilty of seditious conspiracy. Proud Boys join the club)


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How Much Money Will The Capitol Riot Cost Trump?

 

The last 12 days have been jarring for the Trump Organization—though not crippling. First, news hit that Shopify was cutting off the president’s ecommerce business, but that only brought in an estimated $931,000 a year anyway. Next, the Professional Golfers’ Association announced it was moving the 2022 PGA Championship, which might cost Trump a couple million in sales annually. Finally, New York City said it would cancel the president’s contracts, which provide about $18 million in revenue a year—not enough to destabilize an empire that hauls in $600 million or so.

 

The damage may not be done, though. On Wednesday, two Trump tenants, TB Alliance and the Girl Scouts of Greater New York, said they are looking for ways to move out of the president’s Wall Street skyscraper. If more tenants follow their lead, either by getting out of leases or promising not to extend them when they expire, the problems could get far worse for Trump. His commercial real estate holdings generate an estimated $191 million of rent annually. And since a high percentage of that rent turns into profit, those assets make up an estimated 59% of the president’s $2.5 billion fortune. If you want to understand the effect of the riot on Trump’s finances, in other words, you have to know the impact on his commercial real estate holdings.

 

With that in mind, Forbes reached out to roughly 140 Trump tenants to see whether they are planning to stay in the president’s buildings. Tellingly, very few of them wanted to answer. 

 

Getting out of rental agreements can be costly. A 2015 debt prospectus, for example, explained that Walgreens Boots Alliance could end a lease at 40 Wall Street early—if it were to pay a $2.9 million termination fee, equal to nearly two years of rent. No wonder certain companies have been quick to condemn the president but so slow to do much about their leases.

 

Several big companies made a point of reevaluating their political donations in the wake of the Capitol riot, including Bank of America, Goldman Sachs, Microsoft, JPMorgan Chase, Morgan Stanley and Blue Cross Blue Shield. All of them are Trump tenants, supplying an estimated $14 million a year in rent to the president combined. None would say whether they plan to make changes to their leases.

 

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2 minutes ago, TheGreatBuzz said:


Isn’t the Michigan capital state property?  

 

No doubt they are. I'm just assuming there has to be some kind of intersection when the feds can step in to help sure up the security for these buildings are. 

 

Then again I'm probably asking way too much since they failed to secure one of the biggest targets. I just want something done before it's too late and we're left scratching our heads saying "should've done more".

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What’s the plan if some group of conspiracy nuts start shooting out of a crowd of heavily armed protestors?  That’s got to be a security professionals nightmare, right?  
 

This has to stop, and the fastest way to do that is for Republicans to admit that election fraud is a lie.  This can’t be allowed to go on.  We can’t have a situation where a group of politicians lie with impunity about something this serious.  There have to be consequences.

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33 minutes ago, clietas said:

Re-education implies theys educated in the first place. I'd settle just for plain ol education camps. Here in the big city we call thems Universities. 

 

If they only had a brain...

 

 

Edited by China
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Re: Hannity clip

If you are brainwashed to believe that "the grass is orange" or "1+1 = 11" because of your political affiliation or that President Trump said so you do need "re-education".  

 

Since when does "politics" equate with "alternate facts".

 

"The election wasn't stolen" should be as easy as saying "Trump is the 45th President".... why is that phrase so hard? 

 

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