Owing Money and Owing Favors

ACADEME BLOG

The New York Times has reported that “companies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign”: “The paper employed a property information firm to search publicly available data on more than 30 US properties connected to the Republican candidate, including offices and golf courses. In addition to the $650 million liabilities, a substantial portion of his wealth is tied up in three passive partnerships that owe an additional $2 billion to a string of lenders.” [The summary is from a report written posted by ABC Media, Australia: http://www.abc.net.au/news/2016-08-21/donald-trumps-companies-owe-650-million-reports/7769774]

So there are at least three major implications to this data.

First, in the filings made by his campaign, he underestimated his total debt by at least 50%, and that does not include the $2 billion in debt owed by the “passive partnerships.”…

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About martinkich

I am a Professor of English at Wright State University's Lake Campus, where I have been a faculty member for more than 25 years. I have now served multiple terms as the President of the WSU chapter of AAUP, which now includes all full-time instructional faculty, and as the Vice-President of the Ohio Conference of AAUP. I have also served several terms as an at-large member of the Executive Committee of AAUP's Collective Bargaining Congress. In addition to serving as co-editor of the Academe blog, I am also a member of the editorial board of Academe and have been a guest editor for an issue of the magazine on collective bargaining strategies. As co-chair of the Ohio Conference's Communication Committee, I began to do much more overtly political writing during the campaign to repeal Ohio's Senate Bill 5, which would have eliminated the right of faculty to be unionized. I have sustained that activism, and at the risk of stating the obvious, I have very much enjoyed contributing to the Academe Blog and to our chapter blog. I also maintain several other blogs to which I have re-posted, by topic, my posts to the Academe blog, as well as some other items.

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