its boxes and provided proxy services on top . The shared fingerprint suggests each server is a clone , all managed by one organization . One of those IP addresses , 95.130.9.198 , resolves to fr1.vpn-service.us .
STEIN : So let me speak to that . Yes , and there ’s another major policy program that you may want to talk about here , and that is the proposal that we bail out a generation of young people who are held hostage by student debt . This is $ 1.3 trillion and the broad brushstroke there is that we managed to come up with a whole lot of money for Wall Street , which Congress learned , when the audit was actually done and the reporting by the Fed , that “ Oh my God , you managed to come up with $ 17 trillion or $ 16 trillion of near - zero interest or free money in order to bail out Wall Street . ” Wall Street has the unique ability to turn around and quickly lend that low interest money for seven percent and recoup it , so Wall Street was able to pay much of that back , we know , but the point remains that if we can bail out the crooks who crashed the economy through waste , fraud and abuse and predatory lendingtransaction.transfermoney.borrowlendand unethical bundling of extremely insecure financial packages – if we can find a way to bail them out to the tune of a whole lot of trillions , we can find a way to bail out a whole generation that has basically been thrown under the bus and does not have a future , that arguably does n’t have a way out . HIATT : And why do you include upper - income people in there ? STEIN : Well , for one thing , we know that higher education pays for itself .
Loans that his diminished reputation and sketchy repayment history has made difficult to obtain . For the last twenty years , Trump ’s go - to has been German - based Deutsche Bank , but even that relationship has soured as Trump has burned them on several occasions and the bank has faced its own pressures and troubles from outside their relationship . So where does a cash - poor billionaire go when they need a quick payday loantransaction.transfermoney.borrowlend? Well , if you ’re ultra - conservative George Will , you ’d guess Russian oligarchs . If you live in New York City , you might guess the Mafia .
After Russia annexed Crimea in 2014 , the European Union and the United States used economic sanctions to target Russia ’s financial , energy and defense sectors . Western sanctions have multiplied the effect of the low oil prices , said Robert Kahn , an international economics senior fellow at the Council on Foreign Relations . Russia has very little debt , but sanctions have made it difficult for the country to borrowtransaction.transfermoney.borrowlendon international capital markets . Additionally , the ruble has fallen nearly 50 percent against the dollar since August 2014 . This has depressed the standard of living across Russia , because a weaker ruble makes imports more expensive . Russia countered Western sanctions with import bans on various food products , leading to a smaller supply of those goods and further rising prices . The World Bank predicts the poverty rate will reach 14.2 percent in 2016 .
Trump has built up a multi - billion - dollar net worth , expanding his father 's lucrative real estate business to new heights . But while much of Trump 's success is a credit to his work , he was born into a successful , wealthy family , inheriting part of his father 's more than $ 200 million net worth . Trump 's narrative of self - making his entire fortune does n't quite hold up either -- The Washington Post Fact Checker found that he profited from loanstransaction.transfermoney.borrowlend, loan guarantees , his father 's connections and trusts to help create his empire . Trump has boasted over and over that his net worth is $ 10 billion , but it 's unclear how true that really is . Last year , Forbes rated his net worth as $ 4.5 billion -- less than half of what Trump claims .
No matter who wins in November , the next president will bring enormous potential conflicts of interest to the Oval Office — and watchdogs say Hillary Clinton and Donald Trump are n’t planning to do nearly enough to remove themselves from the entanglements that come with the two global brands stamped with their names . Americans could see a leader regulating the same banks that lendtransaction.transfermoney.borrowlendthe Trump Organization millions of dollars , or one negotiating with foreign governments contributing millions to the Clinton Foundation . Story Continued Below Trump ’s empire includes over 500 business entities , with hotels , real estate and branding deals scattered across five continents .
In defence of ‘ tax havens’ : offshore banking is not the same as dodgy dealing | Nigel Green Read more Oxfam contrasted the $ 1.4tn held offshore with the $ 1tn paid in tax by the top 50 US firms between 2008 and 2014 . It pointed out that the companies had also enjoyed a combined $ 11.2tn in federal loans , bailouts and loantransaction.transfermoney.borrowlendguarantees during the same period . Overall , the use of tax havens allowed the US firms to reduce their effective tax rate on $ 4tn of profits from the US headline rate of 35 % to an average of 26.5 % between 2008 and 2014 . The charity said this had helped firms spend billions on an “ army ” of lobbyists calling for greater state support in the form of loans , bailouts and guarantees , funded by taxpayers .
While calling it a difficult question , he appeared to condemn both leaders , saying " if someone is determined to drown you ca n't help them . " " I would say , you can not save someone who has decided to drown . But of course we are ready to lendtransaction.transfermoney.borrowlenda helping hand and friendship to any of our partners , if they want to take it , " he said , according to a transcript on the Kremlin 's website . Later , when probed about his personal life , he said he understood the interest but did n't want to broadcast the details , joking that he otherwise risked moving foreign exchange rates and oil prices . The call - in program comes ahead of elections for the Russian parliament Duma slated for September 18 .
The Prime Minister , Viktor Orban , seemed keen to ease off austerity measures and prove that the country could go it alone . It in fact issued its first bond in 2011 , borrowing off the global markets . Hungary borrowedtransaction.transfermoney.borrowlend€ 20 billion loan to avoid becoming insolvent during the economic crisis in 2008 . But the debtee debtor relationship has not been smooth sailing . Many criticised the Prime Minister as making an ill - advised decision in order to win an election , which was due in 2014 .
-- Hillary released her personal financial disclosure statement last night , showing that she made at least $ 6.4 million in 2015 from book royalties and paid speeches . ( Abby Phillip ) Trump boasted that his annual personal financial disclosure form is “ the largest in the history of the FEC . ” He claims that his net worth has increased since his last disclosure was filed in July and that his annual income is more than $ 557 million , not including dividends , interest , capital gains , rentstransaction.transfermoney.borrowlendand royalties . The campaign did not actually release a copy of the 104-page disclosure , and the FEC has yet to make it public . ( Jenna Johnson )
Facebook Twitter Pinterest Xavier and Laura Justo . Photograph : Javier Justo for the Guardian Between September 2010 and May 2011 , 1MDB agreed to lendtransaction.transfermoney.borrowlendan additional $ 830 m to the joint venture with PetroSaudi – bringing 1MDB ’s total investment to $ 1.83bn . Of these new payments , US officials allege , $ 330 m was paid into the Swiss account they say was controlled by Low , on the basis of a request by Obaid – who is identified in the US legal complaint as “ PetroSaudi CEO ” . Emails and bank records seen by the Guardian suggest that in the nine months from September 2010 , Obaid transferred $ 77 m from his Swiss JP Morgan account to his PetroSaudi co - founder , Prince Turki bin Abdullah .
Why should the wealthiest sector of the economy be the one sector which is not contributing a sales tax to our general revenues ? So , even putting a tiny tax on Wall Street transactions would generate hundreds of billions of dollars , which are critically needed . In addition , as I mentioned , we need a Green New Deal to actually create the jobs directly , government - funded jobs , which create incentives , grants and loanstransaction.transfermoney.borrowlendfor small businesses , for worker cooperatives and nonprofits , and with government as an employer of last resort to ensure that we have the jobs that we need to transition the economy in the time frame needed to 100 percent clean , renewable energy by 2030 , a healthy and sustainable food system , which is currently the source of many of our fossil fuel emissions , and efficient , renewably powered public transportation , also to restore our ecosystems . And finally , healthcare as a human right needs to be provided as a basic right for everyone through an improved Medicare - for - all system . It does n’t cost any more .
What Trump has not hesitated to do is take money from anyone and anyplace regardless of who they are and what their values may be as American banks have , one by one , blackballed him because of his shady practices and enormous debt load , which stands at a mind boggling $ 630 million . As aggregated by Josh Marshall at Talking Points Memo , the links between Trump and Russian interests are mind boggling : * As Trump ’s debt load has grown , he has become increasingly reliant on no - questions - asked loanstransaction.transfermoney.borrowlendfrom sleazy characters close to Putin . Typical is Trump ’s Soho development in Manhattan , which foundered because of lawsuits over his all - too - common efforts to defraud investors until secret financing was arranged . The financiers were Salvatore Lauria , a twice - imprisoned Russian immigrant with extensive ties to Putin and the Russian criminal underworld , and Alexander Mashkevich , a Kazakh billionaire once charged with corruption .
The road - widening cost the state $ 345 million , which Gov. Johnson covered by tapping a federal bond program giving the state 20 years to pay back the interest . So the “ principled ” budget - conscious libertarian governor forced his state deep into debt to pay for a campaign donor 's pork barrel project , and the only way he could raise that much debt was to go to Washington DC and borrowtransaction.transfermoney.borrowlendeverything he could against the state , sticking the poorest state in America with the bill : $ 345 million for construction of the road , plus another $ 142 million in interest on those bonds . It will take New Mexico 's residents twenty years to pay off what was essentially a transfer of a half - billion dollars from New Mexico 's residents ' wallets into the Kochs brothers ' offshore accounts . The Upshot : The Kochs bankrolled Gary Johnson ’s 1998 campaign , and they helped make him a national figure by PRing his name through their libertarian think - tanks like the Cato Institute .
The $ 800 billion stimulus was unpopular . But the huge bill touched nearly every aspect of American life in a positive way . It saved the jobs of hundreds of thousands of state and local government workers ( including first responders ) , cut taxes on the middle class , accelerated the transition to clean energy , hastened electronic medical record - keeping , incentivized accountability in public education ( through the Department of Education 's " Race to the Top " ) and began the rapid expansion of college loanstransaction.transfermoney.borrowlend, among hundreds of other investments . The 2010 Dodd - Frank bill , while too modest , sharply increased regulation of Wall Street and lessened the chance of another crash and bailout . It also included Elizabeth Warren 's proposed Consumer Financial Protection Bureau , which has labored quietly and successfully on behalf of ordinary people victimized by predatory lenders .
But Trump would not need to take any of those steps to have an abrupt effect on the economy . His belief in the power of the threat , which he has used in private business , takes on another meaning if he is the leader of a country with national - debt obligations . In May , Trump , whose businesses have declared bankruptcy four times , said , “ I ’ve borrowedtransaction.transfermoney.borrowlendknowing that you can pay back with discounts , ” and “ if the economy crashed you could make a deal . ” The notion that he might try to make creditors accept less than full payment on U.S. government debt caused an outcry . Under criticism , he clarified , to the Wall Street Journal , that U.S. “ bonds are absolutely sacred , ” but the incident left an enduring impression on the financial community . Anthony Karydakis , the chief economic strategist at Miller Tabak , an asset manager , told me that a Trump victory is now generally regarded as “ a major destabilizing development for financial markets . ” He went on , “ If he ever even alludes to renegotiating the debt , we will have a downgrade of U.S. debt , and that event will cause a massive exodus of foreign investors from the U.S. Treasury market . ” In 2011 , when feuding in Congress delayed raising the debt limit , the stock market fell seventeen per cent .
" But unfortunately the banks have him . Goldman Sachs will call , ‘ Ted , this is what we want this week , make sure you get it . Remember the loantransaction.transfermoney.borrowlendyou got , Ted . ’ " Trump also confirmed that he asked Fox News to give a $ 5 million donation to veterans groups before he would consider attending Thursday ’s debate . A network representative told The Hill in a statement that it would not accept a “ quid - pro - quo . ”
" I built a business after my father gave me a small loan of a million dollars . " This is a fable . Trump benefited from millions of dollars in loanstransaction.transfermoney.borrowlendfrom his father , as well as his father 's connections in New York real state and local government . His father also saved him from almost certain financial ruin in 1990 . " Trump University got an A rating from the Better Business Bureau . "
Mr Putin ’s name , they note , does not appear in the Mossack Fonseca documents . Questions about how the president ’s old friend , the cellist Sergei Roldugin , came into such enormous wealth are dismissed as “ Putinophobia ” . Andrey Kostin , head of the state - run bank VTB , which allegedly made loanstransaction.transfermoney.borrowlendto Mr Roldugin through a Cypriot subsidiary , called the notion of Mr Putin ’s involvement “ bullshit ” . The documents may prove far more damaging for Mr Putin ’s counterpart in Ukraine , Petro Poroshenko . A confectionery magnate known as the “ Chocolate King ” , Mr Poroshenko promised to sell his company , Roshen , after winning the presidency in May 2014 .
Retail sales in June shrank for a record 18th month , plunging 5.9 percent from a year earlier , the Federal Statistics Service in Moscow said on Tuesday . “ It ’s not possible for consumption to expand , ” said Dmitry Polevoy , chief economist for Russia at ING Groep NV in Moscow . “ Salaries are n’t growing or are growing much more moderately than they used to , lendingtransaction.transfermoney.borrowlendis declining . ” As Russia pivots from a consumer - driven growth model after the crash in oil prices , the crisis is decimating the middle class and millions are sinking into poverty . Not even better consumer confidence and stabilizing inflation are translating into stronger demand .
No , not at all . I have tenants from China . I have the biggest bank in the world from China paying me renttransaction.transfermoney.borrowlend. I mean , I have great relationships with China . I 'm not blaming China for getting away with murder .
The congressman suspected a conspiracy between the attorneys general and environmental advocates , and he wanted to see all the communications among them . Predictably , his targets included advocacy organizations such as Greenpeace , 350.org , and the Union of Concerned Scientists . They also included Heede , who works on his own aboard a rentedtransaction.transfermoney.borrowlendhouseboat on San Francisco Bay in California . Heede is less well known than his fellow recipients , but his work is no less threatening to the fossil fuel industry . Heede ( pronounced " Heedie " ) has compiled a massive database quantifying who has been responsible for taking carbon out of the ground and putting it into the atmosphere .
During the 1920s , in the lead - up to the great crash of 1929 , shadow banking occurred largely through the relations between depository institutions of the kind in which most working Americans kept their money , and high - end securities firms — firms like today 's J.P. Morgan and Goldman Sachs — through which mainly the rich invested . Securities firms borrowed short - term from depositories — hence from their depositors — then used the borrowings to purchase high - yield speculative financial products . The result was first a bubble - inflating binge of speculative buying of such products , then the massive failure of both the securities firms that bought them and the banks and depositors who lenttransaction.transfermoney.borrowlendthe short - term money once the bubble had burst . For this reason , the Glass - Steagalll Act , passed shortly after the 1929 crash in 1933 , put an end to these relations between depository institutions and securities firms . It ended , in other words , the 1920s version of shadow banking .
Take Natalya Gorbunova , 38 , a house painter in Iskitim , a small city of 60,000 about 2,100 miles east of Moscow . She usually earns some $ 400 a month but hit a rough patch in September 2014 while her husband , a security guard , was hospitalized with an ulcer . She borrowedtransaction.transfermoney.borrowlend$ 75 from the small blue and green kiosk of a microfinance company called Instant Money near a bus stop in Iskitim , figuring she could repay it within a month . She could not , however , and that was when the abusive telephone calls started . Collectors threatened to kill her if she did not pay .
The US alleges he is the “ personal banker ” for many senior Russian government officials including Putin . The Panama Papers disclose that Kovalchuk and Bank Rossiya achieved the transfer of at least $ 1bn to a specially created offshore entity called Sandalwood Continental . These funds came from a series of enormous unsecured loanstransaction.transfermoney.borrowlendfrom the state - controlled Russian Commercial Bank ( RCB ) located in Cyprus and other state banks . There is no explanation in the files of why the banks agreed to extend such unorthodox credit lines . Some of the cash obtained from RCB was also lent back onshore in Russia at extremely high interest rates , with the resulting profits siphoned off to secret Swiss accounts .
There are very good reasons for this . The pursuit of the lesser evil means that the best the American people are supposed to hope for is the continuation of the current state of things — that ’s what you get , after all , if your only talking points fixate on stopping things from getting worse — and for most Americans today , the current state of things is unbearable . Cratering wages and soaring rentstransaction.transfermoney.borrowlend, a legal environment that increasingly denies even basic rights to everybody but corporations and the rich , an economy rigged to load ever - increasing costs on working people while funneling all the benefits to those who already have too much — well , you can fill in the list as well as I can . If you do n’t happen to belong to the privileged classes , life in today ’s America is rapidly becoming intolerable , and the “ realistic ” politics that both parties have pursued with equal enthusiasm for decades are directly responsible for making it intolerable . Thus the reason that a large and growing number of ordinary working Americans are refusing to accept another rehash of the status quo this time around is that their backs are to the wall .
But on one topic , Trump is conspicuously incurious : the suggestion that he is complicit in a plan by Vladimir Putin to influence the U.S. election . Consider how Trump might react to the following fact pattern if the candidate involved were n’t “ Donald Trump ” but — let ’s pick a name at random here — “ Hillary Clinton ” : The candidate ’s real estate empire , unable to borrowtransaction.transfermoney.borrowlendfrom most U.S. banks , gets capital from Russian sources . Such transfers could n’t occur without Putin ’s blessing . Secretary of State John Kerry said Tuesday , July 26 that he raised the issue of Russia 's involvement in a Democratic National Convention email hacking incident with Russian Foreign Minister Sergei Lavrov on the sidelines of the ASEAN summit .
Indeed , they acted much as banks had done prior to the 1929 crash and the first Glass - Steagall Act : They made short - term loans to securities firms and other high - flying financial institutions — firms like Bear Sterns and Lehman Brothers — that used short - term borrowed funds to make highly speculative investments in bad mortgage products and other high - risk financial instruments . The results were predictable and catastrophic : In essence , a replay of the Wall Street binge of the 1920s , culminating in a crash much like that of 1929 . Now , as noted above , there are other shadow banking activities additional to those of MMMFs — derivatives writing and trading , for example , like that done by AIG before 2008 , and speculative ( not to mention exploitative ) securitizable mortgage lendingtransaction.transfermoney.borrowlendlike that done by Countrywide in the same period . Moreover , many of the most dangerous shadow banking operations were — and still are — conducted by institutions that are affiliated with ordinary depository institutions under single holding company structures , structures that the original Glass - Steagall Act prohibited and which President Bill Clinton and Secretary Summers pushed to allow . For precisely these reasons , the updated Glass - Steagall proposals pushed by Sanders , Warren , McCain and others is a 21st - century Glass - Steagall , designed to end or to regulate today 's shadow banking and conglomeration just as the original Glass - Steagall ended the last century 's shadow banking and conglomeration .
He also battled to secure public space on the Lake Champlain waterfront when developers wanted to use the land for high - end housing . Almost immediately after being elected in 1981 , Sanders declared , “ luxury condominiums will not be the priority of this administration . ” “ We have a city that is trying to help a developer build $ 200,000 luxury waterfront condominiums with pools , and health clubs , and boutiques , and all sorts of upper - middle - class junk five blocks from an area where people are literally not eating in order to pay their renttransaction.transfermoney.borrowlendand fuel bills , ” Sanders said . The waterfront park Sanders pushed for was eventually built . In fact , it ’s where Sanders stood when he held a rally to launch his presidential campaign last year .
NATO was set up when we were a richer country . We ’re not a rich country . We ’re borrowingtransaction.transfermoney.borrowlend, we ’re borrowing all of this money . We ’re borrowing money from China , which is a sort of an amazing situation . But things are a much different thing .
The presumptive GOP nominee has spent the past few weeks doing almost everything you would do if you were trying to throw an election , from attacking a federal judge over his Mexican heritage to not building a serious ground game or actively raising the money necessary to wage a credible campaign for the presidency . At the end of a day that started with Trump firing his campaign manager ( much more on that below ) , he filed an embarrassing May fundraising report late last night with the FEC . Despite raising $ 3.1 million and loaningtransaction.transfermoney.borrowlendhimself another $ 2 million , Trump began this month with less than $ 1.3 million cash on hand . Clinton , by comparison , raised $ 28 million and started off June with $ 42 million in cash . Bernie Sanders , with his campaign winding down , still brought in $ 15.6 million last month and had $ 9.2 million cash on hand .
Not likely , but he is what Lenin would have called a ' useful idiot ' His carefree ways with other people ’s money — including numerous near - bankruptcies in past decades — mean that American banks shun him . Yet his debts have grown over the past year , from £ 270 million to £ 485 million ; which suggests he may have borrowedtransaction.transfermoney.borrowlendheavily . His cash assets , meanwhile , have shrivelled . So where is the money coming from ?
The 9/11 Commission Report found al - Bayoumi to be “ an unlikely candidate for clandestine involvement with Islamist extremists . ” Yet the 28 pages paint a different picture , relaying FBI reports of al - Bayoumi ’s “ extensive contact with Saudi government establishments in the United States ” and “ numerous reports from individuals in the Muslim community , dating back to 1999 , alleging that al - Bayoumi may be a Saudi intelligence officer . ” More damning , however , are differences between the accounts given by the 9/11 Commission Report and the 28 pages regarding the initial meeting between al - Bayoumi , Nawaf al - Hazmi , and Khalid al - Mihdhar at a restaurant in Culver City , California . Soon after , al - Bayoumi found an apartment for the two men — both of them future 9/11 hijackers — and lenttransaction.transfermoney.borrowlendthem money for rent . The 9/11 Commission Report suggests that their initial meeting was a coincidence . Again , the FBI account quoted in the 28 pages differs : “ There are indications in the files that his [ al - Bayoumi ’s ] encounter with the hijackers may not have been accidental . ”
This was accurate for Trump ’s old tax plan . The top 0.1 percent — those making more than $ 3.6 million per year — would receive 18 percent of the tax cuts under Trump ’s proposal , while the bottom 60 percent will enjoy only 16.4 percent of the cuts . Clinton : " He started his business with $ 14 million , borrowedtransaction.transfermoney.borrowlendfrom his father . " Clinton is likely referring to a recent Wall Street Journal report on a 1985 casino - license disclosure . It shows that Trump owed his father and his father ’s business about $ 14 million at the time .
" But Putin is now trying to derail this process at the eleventh hour . " Verhoeven 's suspicions increased after a British media report cited the Dutch referendum in an article about clandestine Russian funding of European anti - establishment parties . Russia has a history of lendingtransaction.transfermoney.borrowlendfinancial support to fringe far - right parties such as France 's Front National . But the Dutch Foreign Ministry said in a statement there was no reason to believe Russia had been directly involved in the lead - up to the referendum , aside from " the structural presence of Russian intelligence and security services in the Netherlands . " " The fact that some of the No campaigners are echoing Moscow 's propaganda does not mean they are being supported by Russia , " says Tony van der Togt , researcher at the Clingendael Institute , a Dutch think tank .
Drone strikes will remain part of our strategy , but we will also seek to capture high - value targets to gain needed information to dismantle their organizations . Foreign combatants will be tried in military commissions . Finally , we will pursue aggressive criminal or immigration charges against anyone who lendstransaction.transfermoney.borrowlendmaterial support to terrorism . Similar to the effort to take down the mafia , this will be the understood mission of every federal investigator and prosecutor in the country . To accomplish a goal , you must state a mission : the support networks for Radical Islam in this country will be stripped out and removed one by one .
But that is simply not credible . He appears to have inherited about $ 40 million . He also benefited from numerous loans and loantransaction.transfermoney.borrowlendguarantees , as well as his father ’s connections , to make the move into Manhattan . His father set up lucrative trusts to provide steady income . When Trump became overextended in the casino business , his father bailed him out with a shady casino - chip loan — and Trump also borrowed $ 9 million against his future inheritance .
NATO is obsolete … if we have to walk , we walk . ” He believes we can treat the U.S. economy like one of his casinos and default on our debts to the rest of the world , which would cause an economic catastrophe far worse than anything we experienced in 2008 . TRUMP : “ I ’ve borrowedtransaction.transfermoney.borrowlendknowing that you can pay back with discounts ... I would borrow knowing that if the economy crashed , you could make a deal . ” He has said that he would order our military to carry out torture ...
During the hiatus , borrowers would receive help and advice to save money , the preview material provided to education advocates said . Clinton frequently talks of the advantages of loan repayment plans that are tied to income , which would be one of the refinancing options along with help reducing fees and resolving delinquent debts . Clinton also plans to use the moratorium to crack down on for - profit colleges and loantransaction.transfermoney.borrowlendservicers , whom she accuses of often taking advantage of borrowers . ” She will use the setting , Atlantic City , to slam Trump 's business acumen and poor record of running casinos . She 'll also accuse of him " cheating workers . " -- In good timing for HRC , USA Today fronts this story -- > “ Trump casino empire dogged by bad bets in Atlantic City , ” by Karen Yi : Records “ shine light on an era marked by battles with regulators who often doubted statements by Trump , yet allowed him to keep operating . ” The paper ’s review “ also found Trump ’s casinos repeatedly broke state rules , leading to more than a million dollars in fines .
But all the state - owned Russian companies with Trump 's staff and friends on their payroll are only operated through blessing from Putin 's inner - circle . And in the past few years , Putin has quietly funnelled millions of dollars to politicians who might destabilize the West and be friendlier toward Russia . That includes an $ 11.7 million loantransaction.transfermoney.borrowlendfrom a Kremlin - controlled bank to the party of France 's far - right Marine Le Pen . In Greece , Putin 's government is suspected of funding the Golden Dawn , one of Europe 's most violent far - right parties . This is something American officials are actively watching .
Mackenzie Eaglen , a defense analyst at AEI , estimated the tab to be $ 50 billion to $ 60 billion per year above the current budget caps . “ It is highly unlikely the next president would be able to push through a defense spending increase of this magnitude given all of the other pressures on the federal budget , ” Harrison said . “ It would require some combination of more borrowingtransaction.transfermoney.borrowlend, offsetting spending cuts elsewhere , or tax increases — none of which have been politically viable for the past five years . " Former House Armed Services Chairman Buck McKeon ( R - Calif . ) , who retired from Congress in 2015 , said he thinks Trump ’s new proposals for strengthening the military could help win over some in his own party who remain wary of his approach to national security . “ I hope so .
Last year , Thales also won a security contract for Qatar Hamad port , a large commercial facility which will also be the site for a naval base . In early January , Qatar closed a $ 5.5 billion syndicated loan , arranged by six banks including three Japanese lead lenders : Bank of Tokyo - Mitsubishi UFJ , Mizuho , and Sumitomo Mitsui Banking Corp , Reuters reported . Qatar National Bank , Deutsche Bank and Barclays helped arrange the five - year loantransaction.transfermoney.borrowlend, expected to carry a margin of 90 basis points over London Interbank Offered Rate . A basis point is 1/100 of a percentage point . Qatar had previously hoped to raise $ 10 billion with a smaller margin of some 80 basis points , International Financing Review reported .
More painful for Russia is the difficulty it faces in finding financing for investments due to the sanctions . Financing problems " Western sanctions have taken away the possibility for our banks and companies to borrowtransaction.transfermoney.borrowlendmoney from abroad , not only in Europe but also all over the world , " said Wladimir Milow , director of the Moscow - based Institute of Energy Policy , in an interview with DW . " No one is loaning us money any more , not even China . " Milow is also founder and top executive of " Democratic Choice , " a Russian opposition party .
( Read Michael Idov ’s 2008 New York feature on the murky construction of the building . ) A lawsuit cited by Nesbit “ alleged that a primary source of funding for Trump ’s big projects with Bayrock arrived ‘ magically ’ from sources in Russia and Kazakhstan whenever the business interest needed funding . ” ( Bayrock denies this and says that the allegation is absent from an amended version of the lawsuit . ) This gets closer to the deepest suspicion surrounding Trump : Because his multiple bankruptcies have made him un - creditworthy — banks do n’t like lendingtransaction.transfermoney.borrowlendmoney to people who make a practice of not paying back the loans — he has had to turn to unconventional sources . It is possible Trump is merely intertwined with Russians , as with other sources of capital . But it is also possible he has grown uniquely dependent on them in a way that gives Russia leverage over his policies .
Trump ’s de facto campaign manager , Paul Manafort , was a longtime consultant to Viktor Yanukovich , the Russian - backed president of Ukraine who was overthrown in 2014 . Manafort also has done multimillion - dollar business deals with Russian oligarchs . Trump has sought and received funding from Russian investors for his business ventures , especially after most American banks stopped lendingtransaction.transfermoney.borrowlendto him . Trump ’s foreign policy advisor Carter Page has his own business ties to the state - controlled Russian oil giant Gazprom . He recently delivered a speech in Moscow slamming the United States for its “ hypocritical focus on ideas such as democratization ” and praising Russia for a foreign policy supposedly built on “ noninterference , ” “ tolerance ” and “ respect . ” ( Try telling that to Ukraine . )
Nonetheless , the suggestion that outrage at the U.S. banking system for its role in the financial crisis was based in “ misunderstanding ” and “ politicizing ” is risible . Here ’s what one U.S. bank was up to seven years before Clinton ’s speech : In April 2006 , Goldman Sachs provided investors with a bullish report on Countrywide ’s high - quality mortgage loans — loanstransaction.transfermoney.borrowlendthe bank had helpfully packaged into AAA - rated mortgage - backed securities , thereby offering those lucky clients a low - risk way of profiting from America ’s housing boom . When the bank ’s head of “ due diligence ” saw the report , he typed a short email to his colleagues : “ If only they knew … ” You need both a public and a private position .
That automatically makes it news . And Trump himself is making things worse . Asked by Newsweek , “ Do you , or any of your business units have outstanding loanstransaction.transfermoney.borrowlendwith Russian banks or individuals ? ” his spox said “ Mr. Trump does not have any business dealings in / with Russia . ” Then Trump tweeted this : For the record , I have ZERO investments in Russia .
Meanwhile , another Trump disaster was brewing . Eastern Air Lines , which had been struggling , put its northeastern air shuttle up for sale . Trump persuaded the banks to lendtransaction.transfermoney.borrowlendhim $ 380 million to purchase the route , and in June 1989 the Trump Shuttle began flying . Trump introduced the airline with his usual style — by insulting the competition . At an elegant event at Logan Airport in Boston , Trump took the stage and suggested that the other airline with a northeastern shuttle , Pan Am , flew unsafe planes .
Seven CIA employees , as well as the GID officer , were killed in the attack . Two recent heads of the service , also known as the Mukhabarat , have been sent to prison on charges including embezzlement , money laundering and bank fraud . One of them , General Samih Battikhi , ran the GID from 1995 to 2000 and was convicted of being part of scheme to obtain bank loanstransaction.transfermoney.borrowlendof around $ 600 m for fake government contracts and pocketing about $ 25 m . He was sentenced to eight years in prison , but the sentence was eventually reduced to four years that were served in his villa in the seaside town of Aqaba . General Mohammad al - Dahabi , who ran the service from 2005 to 2008 , was later convicted of stealing millions of dollars that GID officers had seized from Iraqi citizens crossing into Jordan in the years after the American invasion of Iraq in 2003 .
[ 12 ] This is not for a lack of desire — more than half of America ’s millennials say they want to start a business — but barriers like student debt and a lack of access to credit are holding young people back . [ 13 ] Hillary is committed to breaking down barriers and leveling the playing field for entrepreneurs and innovators who are launching their own start - ups . Hillary will allow entrepreneurs to put their federal student loanstransaction.transfermoney.borrowlendinto a special status while they get their new ventures off the ground . For millions of young Americans , this would mean deferment from having to make any payments on their student loans for up to three years — zero interest and zero principal — as they work through the critical start - up phase of new enterprises . Hillary will explore a similar deferment incentive not just to founders of enterprises , but to early joiners – such as the first 10 or 20 employees .