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_why-donald-trump39s-40-wall-street-was-struggling-even-before-his-legal-woes.webp "Donald Trump is facing a cash crunch. He admitted in a court filing on Monday that he does not have enough cash and cannot secure a bond to cover the more than $457 million he owes to New York state after being found liable in a civil fraud case. And his team has reportedly not ruled out declaring bankruptcy via certain entities.<br/><br/>If any of Trump’s companies were to declare bankruptcy, it seems most likely that it would be one tied to 40 Wall Street, his troubled skyscraper in downtown Manhattan. The building looks glamorous–ascending 63 stories above the Financial District, with a copper crown on top–but its finances are not pretty. That fact may not have been clear to New York Attorney General Letitia James when she spoke with ABC News in February about preparing to seize Trump’s assets if he didn’t pay in full. “I look at 40 Wall Street each and every day,” James reportedly said, of the building Trump has run since 1995.<br/><br/>The former president’s debt at the property totals roughly $120 million, and the loan matures in 2025. That means Trump will need to find a new lender or come up with the cash to pay it off at some point next year, shortly after he figures out some way to get his hands on the roughly $540 million he owes in fines and interest resulting from three civil lawsuits.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/zacheverson/2024/03/21/heres-the-trump-building-most-likely-to-go-bankrupt/?sh=754e65d13e04<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_cat-ready-for-bed-gets-massage-from-bully.webp "Laredo, a bully dog, & Jasper, a kitty, showcased a remarkable bond. Their owner watched Jasper get a massage from Laredo before going to bed.")
_donald-trump-cast-lifeline-by-courts-handed-reduced-36175-million-bond-ahead-of-appeals-trial.webp "Former President Donald Trump owes a lot of money to the state, in the neighborhood of $464 million. Long story short, if he couldn’t raise the money in 10 days the state was to begin seizing his assets, namely his properties. However, the courts have just cast him a lifeline. Veuer’s Tony Spitz has the details.")
⏲ 1:18 👁 385K
_did-trump-receive-donations-for-his-36175-million-fraud-bond-sources-say-these-donors-may-have-helped-the-gop-frontrunne.webp "Several prominent Republican donors rallied to assist former President Donald Trump fund the bond required for a $454 million civil fraud judgment. Trump was at risk of having his assets seized as he struggled to raise funds to cover a bond for a civil fraud judgment. A court ruling allowed Trump to post a reduced bond of $175 million within 10 days, easing the immediate financial pressure. Notable figures such as billionaire John Paulson and oil tycoon Harold Hamm were mentioned as part of the fundraising effort, though the specifics of their involvement were not disclosed. A Trump campaign spokesperson denied any coordinated effort, claiming Trump had sufficient funds to cover the judgment.")
_federal-reserve-posts-massive-36114-billion-loss-in-2023.webp "Federal Reserve Posts Massive, $114 Billion , Loss in 2023.<br/>On March 26, the Federal Reserve <br/>announced a record-breaking net <br/>negative income of $114.3 billion in 2023.<br/>Reuters reports that the loss follows <br/>$58.8 billion in net income in 2022. .<br/>Since releasing the numbers, <br/>the Fed has stressed that negative net <br/>income does not impede its ability to operate.<br/>Since releasing the numbers, <br/>the Fed has stressed that negative net <br/>income does not impede its ability to operate.<br/>As a result of low rates and large <br/>levels of bond holdings, the Fed has <br/>earned significant profits in recent years.<br/>Last year, the Fed's audited interest expenses for <br/>banks' reserve balances reached $176.8 billion, <br/>an increase of over $116 billion from 2022.<br/>In 2023, the Fed's interest payouts from <br/>its reverse repo facility were $104.33 billion, <br/>increased from $41.9 billion the year before.<br/>Reuters reports that the Fed creates funds when <br/>dealing with operating losses, capturing its loss<br/>in an accounting device known as a deferred asset.<br/>Reuters reports that the Fed creates funds when <br/>dealing with operating losses, capturing its loss<br/>in an accounting device known as a deferred asset.<br/>At the close of 2023, the deferred <br/>asset stood at $133.3 billion.<br/>As of March 20 of this year, that number <br/>had risen to $157.8 billion with no <br/>indication of how much larger it could get.<br/>Last year, a St. Louis Fed report forecast that it <br/>could take years before the Fed can return to <br/>profitability and reduce the country's deferred asset.<br/>Last year, a St. Louis Fed report forecast that it <br/>could take years before the Fed can return to <br/>profitability and reduce the country's deferred asset")
_trump-secures-pause-on-36454-million-civil-fraud-ruling-prevents-asset-seizures-in-nycase124-oneindia.webp "Former President Donald Trump secures a temporary halt to his $454 million civil fraud judgment by posting a $175 million bond within 10 days. This pause shields his assets from seizure by New York state authorities. Trump maintains innocence, denouncing the case as politically motivated. He faces mounting legal expenses amid upcoming criminal trials, including charges related to his 2020 election loss and financial misconduct allegations.<br/> <br/>#DonaldTrump #Trump #NewYorkCivilFraud #Trumpelection #ElectionFraud #NewYorkCourt #JudgeEngoron #Trumpnews #Trump2024 #USnews #Worldnews #Oneindia #Oneindianews <br/>~PR.152~ED.101~GR.122~HT.96~")
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_seven-year-old-boy-born-without-an-arm-fishes-for-the-first-time-thanks-to-a-bionic-arm.webp "Credit: SWNS / Dionne Sparkes<br/><br/>A seven-year-old boy born without an arm has been able to hold a fishing rod with two hands for the first time - after receiving a £13,000 bionic limb.<br/><br/>Inspirational Alex Sparkes spent birthdays 'wishing his arm would grow', only to be left heartbroken when he was told it wasn't possible.<br/><br/>But he has been gifted a 'life-changing' prosthetic arm by 'Britain's kindest plumber' James Anderson, 55, who was touched by Alex's moving tale.<br/><br/>Since receiving his Black Panther-themed arm, Alex has been able to put toothpaste on his toothbrush for the first time and will learn how to tie his shoelaces.<br/><br/>And Alex is ecstatic to have finally fulfilled a lifelong dream of holding a rod for the first time during a fishing trip with his dad Robin Sparkes, 31.<br/><br/>The youngster has been pictured reeling in fish with Robin at Cornfield Fisheries in Lancashire.")
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