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Trump’s Decades of Testimony Reveal Some Details About His Real Estate Empire’s Defence.

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NEW YORK — Donald Trump has testified in court about his experiences as a football owner, casino constructor, and airline buyer. In a deposition, he boasted that as president, he saved “millions of lives” by delaying nuclear war. Another time, he was concerned about the dangers of throwing fruit.

Trump’s  been conditioned by decades of trials and legal wranglings, and he is now prepared to resume his role as a witness under exceptional circumstances: as a former Republican president battling to salvage the real estate enterprise that catapulted him to celebrity and the White House.

Trump is scheduled to testify in his New York civil fraud trial on Monday, a profoundly personal subject that is essential to his image as a successful businessman and threatens to cost him ownership of major buildings such as Trump Tower. His evidence in the trial of New York Attorney General Letitia James’ lawsuit comes on the heels of that of his eldest sons, Trump Organisation executives Eric and Donald Trump Jr., who testified last week. Ivanka, his eldest daughter, is scheduled to testify on Wednesday.

A state counsel teased the former president’s presence as the court adjourned on Friday. When the judge asked who would testify on Monday, Andrew Amer said, “The only witness will be Donald J. Trump.”

According to an Associated Press assessment of court documents and news coverage, Trump has testified in at least eight trials since 1986. He has also testified under oath in over a dozen depositions and regulatory hearings.

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Trump’s Decades Of Testimony Reveal Some Details About How He Plans To Defend His Real Estate Empire.

As owner of the USFL’s New Jersey Generals, he was invited to appear before Congress in 1985, and he testified on behalf of lawyer and friend Roy Cohn during a state disciplinary inquiry that resulted in Cohn’s disbarment. In an early display of his fiery persona, Trump informed the New Jersey gaming board in 1986 that plans for highway overpasses near one of his casinos “would be a disaster.” It would be a disaster.”

Those testimonies, documented in thousands of pages of transcripts and on videotape in certain cases, provide insight into Trump’s likely approach when he testifies in Manhattan.

They draw significant parallels between Trump as a witness and Trump as a former president and current presidential contender. His rhetorical technique in court has echoes of his political zeal: a blend of ego, charm, defensiveness, aggression, cutting language, and evasion. He has been belligerent and bombastic, but he has also been evasive and contemptuous at times.

Trump blasted charges that he had spied on NFL officials at one of his hotels while testifying in the USFL’s antitrust case against the NFL in 1986, calling the claim “such a false interpretation it’s disgusting.”

During a break in his evidence at a federal court hearing in Washington in 1988, as he sought to purchase Eastern Air Lines’ Northeast shuttle service, Trump turned on the charisma, flashing a big smile at the judge’s female law clerks and shaking hands with the bailiff. Trump said that his $365 million acquisition, which was later approved, would provide a “major boost in morale” to staff.

Trump touted a Mike Tyson fight he planned for one of his casinos in Atlantic City, New Jersey, on the stand in a boxing-related matter in 1990 as “one of the greatest rematches you could have.” When accused by two men of excluding them from a riverboat gambling project, Trump claimed ignorance, saying in 1999: “I was shocked by the whole case.” I have no notion who these individuals were.”

Last month, Trump was briefly summoned to the stand in the New York case to clarify comments he made outside of court that the judge ruled breached a limited gag order.

He last testified in court in 2013, two years before launching his successful presidential campaign. An 87-year-old suburban Chicago widower had sued him over contract revisions for a hotel and condominium project in which she had purchased units as an investment. Trump became increasingly upset during his statement, lifting his arms and yelling, “And then she sued me.” It’s incredible!”

On behalf of the plaintiff, Jacqueline Goldberg, Chicago lawyer Shelly Kulwin cross-examined Trump. He claimed that Trump’s testimony inside the federal courthouse in Chicago mirrored the bruising ebb and flow witnessed later at campaign rallies and on television.

“At first, he was calm, but then he became argumentative, defensive, off-topic, and speechmaking.” “That’s exactly what he does now,” Kulwin explained in an interview.

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Trump’s Decades Of Testimony Reveal Some Details About How He Plans To Defend His Real Estate Empire.

“Based on my experience with him, you better be able to have super tight questions, with documents to support them, so that he cannot wiggle around,” she said. “Before he took the stand, I would approach the judge and tell him, ‘Mr. Trump, this is not a political campaign.'” You’re not attempting to get their support. ‘This is a legal action.'”

Goldberg lost to Trump, but she didn’t regret suing him, saying, “Somebody had to stand up to him.” She passed away in August at the age of 97.

Trump has spent seven days in New York, carefully scrutinizing testimony from the defense table but simultaneously lashing out in front of TV cameras in the corridor at the case, the judge, and state lawyers. He has termed the case a “sham,” “scam,” and “a continuation of the single greatest witch hunt of all time.”

In his social media comments about the case, he reveals the trial’s “Perry Mason” moments — testimony and arguments he believes have aided his side — as he pays homage to the classic TV courtroom drama.

Trump testified in a losing case in 1990 regarding his company’s failure to make pension contributions on behalf of around 200 undocumented Polish workers hired to demolish a structure to make space for Trump Tower. A year later, he was again in court in Manhattan, this time testifying against a man who claimed he had a contract to create Trump’s board game and was promised 25% of the earnings from “Trump: The Game.”

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Trump’s Decades Of Testimony Reveal Some Details About How He Plans To Defend His Real Estate Empire.

Trump won that lawsuit, as well as another in 2005, in which he claimed that a construction business “fleeced” him by overcharging him by $1.5 million for work at a golf club in New York’s Westchester County.

Trump’s current New York trial depends partly on how much he and other Trump Organisation executives were involved in assessing his properties and calculating his wealth for the annual financial statements sent to banks, insurers, and others to negotiate agreements and secure funding.

The assertions, according to James, boosted Trump’s net worth by billions of dollars, making him look to lenders as a more creditworthy risk and allowing him to secure lower interest and insurance rates. Trump has repeatedly denied any misconduct.

Eric and Donald Trump Jr. said they relied on an outside accounting firm and the Trump Organization’s financial team to compile the statements, which they felt were correct.

In an April deposition, Trump stated that he never thought his financial records “would be taken very seriously” and that a disclaimer advised individuals doing business with him to conduct their research.

He asserted that the banks James claims were taken advantage of with exorbitant values, suffered no harm, were paid in his transactions, and “to this day have no complaints.” Trump called the lawsuit “terrible,” telling James and her team that “you don’t have a case.”

The judge ruled that the remarks were false before the trial. He started transferring control of some Trump firms to a court-appointed receiver. For the time being, an appeals court has put that on hold.

The non-jury trial is already in its second month and involves accusations of conspiracy, insurance fraud, and fabricating corporate records. James is seeking $250 million in penalties and a prohibition on the defendants doing business in New York in his lawsuit against Trump, his firm, and key officials, including his eldest sons.

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Trump’s Decades Of Testimony Reveal Some Details About How He Plans To Defend His Real Estate Empire.

When questioned about his commercial and financial transactions in the past, Trump has occasionally evaded accountability and culpability. In a 2013 deposition on a failed Florida condominium project, Trump blamed an employee for paperwork indicating that he was building a property when he was not.

“I have a woman that does it,” he explained. He then began dissecting the problematic language, stating, “But you know, developing, the word develop, it can be used in a lot of different contexts.”

Another recurring theme in Trump’s depositions is his surprise that he is being taken seriously for puffing up his real estate projects.

“You always want to put the best possible spin on a property that you can,” Trump stated in a December 2007 deposition in his lawsuit against a journalist he accused of underestimating Trump’s riches. “No different than any other real estate developer, no different than any other businessman, no different than any politician.”

Trump’s propensity for hyperbole will undoubtedly come up on Monday. He and his company are accused of inflating his property valuations and maximizing the outcomes using several tactics. He even described his Trump Tower penthouse in Manhattan as three times its true size for years. He now says that his financial statements understated his fortune and that his Florida resort, Mar-a-Lago, is worth more than $1 billion.

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Trump’s Decades Of Testimony Reveal Some Details About How He Plans To Defend His Real Estate Empire.

Trump is characterizing the civil fraud case and his four criminal proceedings as manifestations of political persecution aimed at impeding his candidature as the Republican front-runner for president in 2024. He has already mentioned his political standing in court, including during a 2016 deposition when he mentioned, unprompted, how he had defeated his Republican primary opponents.

“I have credibility because, as it turns out, I am now the Republican nominee running against a total of 17 people, mostly senators and governors, who are highly respected people.” it’s not like I’ve said something that could be that horrible,” he explained.

Trump defined the president as the “most important job in the world” in his April deposition before boasting about saving lives by preventing North Korean dictator Kim Jong Un from launching a nuclear assault.

Trump waxed poetic about weapons of a different kind in an October 2021 deposition, warning of the risks posed by tomatoes and other fruit, which he worried might be thrown at him on the campaign trail.

“You get hit with fruit it’s — no, it’s very violent stuff,” he went on to say. Trump was testifying in connection with a complaint filed by a group of demonstrators who claimed Trump’s private security guards assaulted them while he was campaigning in 2015.

Trump was asked about a speech in which he urged the audience, “If you see someone about to throw a tomato, just knock the crap out of them, would you?”

“It was said rather jokingly. “Perhaps a little truth to it,” Trump remarked of his statements.

“This is an extremely hazardous material.” “Those things can kill you,” he said. “I wanted people to be prepared because we had been warned that they would do fruit.” And certain fruits are far worse than others — tomatoes, for example. But it’s quite risky.”

SOURCE – (AP)

 

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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Facebook And Instagram Face Fresh EU Digital Scrutiny Over Child Safety Measures

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LONDON — The European Union started new investigations into Facebook and Instagram on Thursday, alleging that they are failing to protect youngsters online, in contravention of the bloc’s rigorous digital standards for social media companies.

It’s the latest wave of investigation for parent business Meta Platforms under the 27-nation EU’s Digital Services Act, a broad set of regulations enacted last year to clean up online platforms and protect internet users.

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Facebook And Instagram Face Fresh EU Digital Scrutiny Over Child Safety Measures

The European Commission, the bloc’s executive arm, expressed worry that the algorithmic algorithms used by Facebook and Instagram to propose content such as movies and postings could “exploit the weaknesses and inexperience” of minors and encourage “addictive behavior.” It’s concerned that these methods would exacerbate the so-called “rabbit hole” effect, which drives consumers to more distressing content.

The commission is also investigating Meta’s use of age-verification technologies to prevent youngsters from accessing Facebook or Instagram or viewing inappropriate information. Users must be at least 13 years old to create an account on these networks. It also investigates whether the corporation complies with DSA regulations demanding high privacy, safety, and security for children.

“We want young people to have safe, age-appropriate experiences online and have spent a decade developing more than 50 tools and policies designed to protect them,” Meta stated earlier. “This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission.”

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Facebook And Instagram Face Fresh EU Digital Scrutiny Over Child Safety Measures

The most recent DSA lawsuits center on child safety under the DSA, which mandates platforms to implement strict procedures to protect children. Earlier this year, the commission started two separate investigations into TikTok due to concerns about potential hazards to children.

“We are not convinced that Meta has done enough to comply with the DSA obligations — to mitigate the risks of negative effects on the physical and mental health of young Europeans on its platforms Facebook and Instagram,” European Commissioner Thierry Breton stated on social media.

The cases announced on Thursday are not the first for Facebook and Instagram. The DSA is already investigating them over worries that they are not doing enough to combat foreign disinformation ahead of the EU elections next month.

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Facebook And Instagram Face Fresh EU Digital Scrutiny Over Child Safety Measures

X, a social media platform, and AliExpress, an ecommerce site, are under investigation for violating EU regulations.

There is no timeframe for the investigations to conclude. Violations may result in fines of up to 6% of a company’s annual global revenue.

SOURCE – (AP)

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Microsoft Asks Some Employees In China To Move To Other Countries

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According to Chinese official media, Microsoft has asked at least 100 employees in China to consider migrating to other nations.

The reports come as tensions between Beijing and Washington deteriorate over technology such as artificial intelligence (AI) and renewable energy.

Microsoft personnel, particularly involved in cloud computing, were recently offered opportunities to work in the United States, Australia, or Ireland, among other nations, according to a report published Wednesday by state-run media The Paper, citing an unnamed source.

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Microsoft Asks Some Employees In China To Move To Other Countries

According to the Wall Street Journal, Microsoft has urged up to 800 employees, most Chinese engineers working on cloud computing and artificial intelligence, to consider relocating. Last year, the Journal reported, citing anonymous sources, that the Biden administration was planning to restrict Chinese corporations’ access to US cloud services.

CNN has contacted Microsoft for comment.

According to a statement from Microsoft (MSFT) that Reuters cited, the company was still committed to China and that giving some employees internal opportunities was part of its regular business.

The business first entered China in 1992, and for decades, it relied on its influential Beijing-based research lab, Microsoft Research Lab Asia, to gain influence.

“Everyone is confused,” an employee told the paper, noting that the impacted employees have less than a month to decide.

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Microsoft Asks Some Employees In China To Move To Other Countries

Yicai, a Chinese state-owned financial media site, reported that over 100 staff were affected. It also said that residents had the option not to move.

The reports come the same week President Joe Biden proposed duties on $18 billion in Chinese electric vehicle imports and other products. Biden stated that he was working to prevent unfair competition from China and the US industry from being decimated.

The two economic superpowers have been at odds in the technological realm for years. In October, the Biden administration restricted the semiconductors that American companies may export to China.

In recent months, the United States has joined with its European and Asian partners to block China’s supplies of advanced chipmaking equipment.

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Microsoft Asks Some Employees In China To Move To Other Countries

Beijing has responded by setting its restrictions on shipments of germanium and gallium, two materials required for semiconductor manufacturing.

SOURCE – (CNN)

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Walmart’s Business Surges As Shoppers Hunt For Low Prices

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Businesses ranging from McDonald’s to Home Depot are battling to attract financially challenged customers. However, Walmart is expanding as customers seek low-cost groceries, necessities, and other items.

Walmart reported Thursday that sales at locations open for at least a year grew 3.8% over the previous year. The company upped its sales and profit guidance for the year, indicating that it expects growth to continue.

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Walmart’s Business Surges As Shoppers Hunt For Low Prices

According to retail analysts, the largest retailer in the United States has leveraged its size and purchasing power to keep prices lower than competitors despite rising inflation since the outbreak.

Groceries account for more than half of Walmart’s sales, and analysts at Evercore IRI say the company has profited from its pricing advantage, with prices that are approximately 25% lower than traditional supermarkets.

While low—and middle-income customers have traditionally made up the majority of Walmart’s customer base, the company has expanded to include people earning more than $100,000 per year. It stated that its growth last quarter was “primarily driven by upper-income households.”

Walmart is also seeing growth online. Its digital sales, which included in-store pickup and delivery, increased by 22% last quarter

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Walmart’s Business Surges As Shoppers Hunt For Low Prices

“Most Americans remain uncomfortable with food prices and are still actively looking for ways to keep their spending in check,” Neil Saunders, an analyst at GlobalData Retail, said in a note to clients Thursday. This has benefited “Walmart’s favor and has allowed the chain to continue to acquire new customers.”

Meanwhile, department stores, home improvement retailers, and other retail groups have suffered as buyers tighten their belts. Fast-food restaurants have also struggled.

Retail sales have declined overall in recent months.

The business stated this week that Home Depot’s sales at locations operating for at least a year declined 2.8% last quarter. McDonald’s reports that some lower-income Americans are eschewing the restaurant in favor of cooking at home.

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Walmart’s Business Surges As Shoppers Hunt For Low Prices

“It’s a challenging consumer environment,” said Ian Borden, McDonald’s CFO, stressing that many people are struggling with inflation, rising interest rates, and shrinking savings.

SOURCE – (CNN)

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