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Friday, October 23, 2020
Mary L. Trump interview on MSNBC's Rachel Maddow MSNBC President Donald Trump and two of his siblings were sued on Thursday by their niece Mary on fraud charges accusing them of swindling her out of millions of dollars to which she was entitled after the death of her father. In addition to the president, the other defendants are retired federal appeals court Judge Maryanne Trump Barry and the executor of the estate of Robert Trump, who died last month. "For Donald J. Trump, his sister Maryanne, and their late brother Robert, fraud was not just the family business — it was a way of life," Mary Trump's lawsuit said. "All told, they fleeced her of tens of millions of dollars or more." The lawsuit filed in New York state Supreme Court in Manhattan comes on the heels of the publication of Mary Trump's best-selling tell-all book that was scathingly critical of the president. And it comes less than six weeks before the Nov. 3 election, in which the president is facing a challenge from Democratic nominee Joe Biden. Robert Trump died last month, after a lawsuit filed under his name failed to prevent
Siraj Ahmad | iStock | Getty Images Jasmine Johnson is constantly afraid of being evicted from her house in St. Paul, Minnesota. The single mother of five children, all under the age of 13, hasn't been able to earn enough during the pandemic to stay caught up on her $1,350 rent.  First, the daycare where she worked slashed her hours. Recently, she was re-hired at a family shelter as a client advocate, but has now come down with symptoms of the coronavirus and needs to quarantine.  "I'd have to call shelters to be on the waiting list," Johnson, 31, said. "But you don't know when your name will come up. "It's really hard to be homeless with five kids," she added. "It's going to be cold out."  The coronavirus pandemic has made it difficult for many Americans to generate income and, as a result, pay their rent. As many as 34 million people in the U.S. may be at risk of eviction, according to a new analysis by global advisory firm Stout Risius Ross. Around 1 in 6 renters were behind on their payments in September. That pattern is likely to continue in October. "The
It's a dilemma many companies are facing: How and when to have staff return to the office, when the coronavirus pandemic and lockdowns have meant vast numbers of employees are still working from home. The CEO of one commercial real estate business says working environments will need to be upgraded to encourage people back — and not just with safety tech such as air quality sensors. "You have to basically seduce your people to come into the office and work there instead of from home," said Coen van Oostrom, CEO of real estate developer Edge, who appeared on CNBC's "Squawk Box Europe" on Monday. "We believe that it will be the end of the large batteries of people working on a big floor, side to side, even with screens in between, there's no real need for that any more, you can do your work everywhere … We believe that the office will be the place that you get together, where the culture is being built, where new people are being brought in and can learn and understand the way things are done in a company, but to do so you have to have a work environment that is amazing,"
General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World's leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars. (Photo by Jackal Pan/Visual China Group via Getty Images) VCG | Getty Images LONDON — Office space provider WeWork has sold a majority stake in its China business to existing shareholder Trustbridge Partners for $200 million, after the coronavirus pandemic intensified its financial difficulties.   The New York-headquartered company, which buys and leases prime real estate in the world's biggest cities, has been cutting costs globally ever since its botched IPO last year. WeWork said it will retain a minority stake in WeWork China and that it will continue to receive an annual license fee for use of its brand and services. It will also keep a board seat.  Having once held a private valuation of $47 billion, the company was valued at just $2.9 billion in May. Indeed, WeWork's China business was valued at $5 billion in a 2018 funding round that involved Singapore sovereign wealth fund Temasek and the SoftBank Vision Fund.  Now 80% owned by SoftBank, WeWork is
Stein Mart has filed for bankruptcy and now the retailer is kicking off going-out-of-business sales at all of its stores. Deals are for up to 30% off merchandise.