bankruptcy

The Donald Trump Show (Business Acumen)

Donald Trump speaks during the Conservative Political Action Conference [CPAC], 6 March 2014, at National Harbor, Maryland. (Photo: Bill Clark/CQ Roll Call)

“Trump hiring Steve Bannon might go down as the worst campaign hire of all time.”

Eric Kleefeld

This is a point worth considering.

First off, it opened up the field for Hillary Clinton’s blistering speech yesterday against the alt-right, as well as the Clinton campaign’s other attacks linking Trump to not just Breitbart, but to Klansmen and other sundry white supremacists.

Next, the Trump campaign’s clumsy efforts to deny its alt-right connections has become utterly impossible. In the latest example, Trump himself got tripped up by Anderson Cooper. After the candidate claimed, “Nobody even knows what it is … this is just a term that was given that—frankly, there’s no alt-right or alt-left.” Cooper had only to point out that Bannon himself proclaimed Breitbart to be the voice of the alt-right. Trump’s reply: “I don’t know what Steve said.”

Certainly, it makes for a neatly-packaged talking point to call Donald Trump the candidate of the internet trolls, but the label also happens to be true. And in that context, there really is a method to the madness.

(more…)

The Donald Trump National Convention

This is the part where we’re supposed to say something momentous: So it begins, or something like that. Maybe: Time’s up.

Republican National Convention CEO Jeff Larson. (Photo: Tom Williams/CQ Roll Call)The last time Jeff Larson agreed to help with the Republican National Convention, he inherited a bankruptcy and ended up paying for Sarah Palin’s new wardrobe. He must have thought that was as hard as it gets in convention planning.

This year, Larson is back. He’s the convention’s CEO and is forced to deal with some frustrated Republicans and donors inside the party who don’t want Donald Trump to be the GOP nominee and protesters outside the security perimeter who want to burn the whole thing to the ground.

(Gonzales)

Good luck? Godspeed? Have fun stormin’ the castle?

Actually, you know, that last ....

People get ready?

____________________

Image note: Republican National Convention CEO Jeff Larson. (Photo: Tom Williams/CQ Roll Call)

Gonzales, Nathan L. “From Palin to Trump, Larson’s Steady Hand Leads Another Convention”. Roll Call. 17 July 2016.

What Is Caesar’s

12-month graph showing stock prices for Caesar's Entertainment Corp. (CZR), as of 25 November 2014. (via Yahoo! Finance)

Try to follow the latest twists and turns in the CZR debacle—

A Caesars Entertainment Corp. (CZR) creditor group said managers should be stripped of control of the casino company’s operating unit because they looted the subsidiary of billions of dollars in assets.

UMB Bank, trustee for first-lien noteholders owed about $1.25 billion, sued Caesars today in Delaware Chancery Court, repeating allegations made by junior creditors in August.

Today’s suit, the first by senior creditors, came after some of them had agreed on the outline of a debt restructuring plan for the operating unit. The first-lien creditors today asked the court to appoint a receiver for the unit ....

.... Bonderman and the other directors “have thoroughly ransacked CEOC in a sweeping and now transparent plan to take CEOC’s prime assets for themselves and leave its liabilities and creditors behind,” according to today’s filing.

Caesars has said its largest division won’t have enough cash to repay debts by the fourth quarter of 2015 if it can’t restructure its obligations through refinancing, creditor negotiations or bankruptcy.

(Church and Keller)

—and then shrug and tell yourself, “It’s business. Nothing unusual here.”

Now, then, how does that feel?

____________________

Church, Steven and Laura J. Keller. “Caesars Lenders Seek Receiver, Claiming Unit Was Looted “. Bloomberg. 25 November 2014.