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Daily Bread for 9.28.20

Good morning.

Monday in Whitewater will be mostly cloudy with scattered showers and a high of fifty-eight.  Sunrise is 6:50 AM and sunset 6:39 PM, for 11h 49m 21s of daytime.  The moon is a waxing gibbous with 89.4% of its visible disk illuminated.

Today is the one thousand four hundred twentieth day. 

 Whitewater’s Urban Forestry Commission meets at 4:30 PM via audiovisual conferencing, and the Whitewater Unified School District’s board meets via audiovisual conferencing in closed session at 6:30 PM and open session beginning at 7 PM.

 On this day in 1781, American forces backed by a French fleet begin the Battle of Yorktown.

Recommended for reading in full — 

Russ Buettner, Susanne Craig, and Mike McIntire of the New York Times report Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance:

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.

The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office. It does not include his personal returns for 2018 or 2019. This article offers an overview of The Times’s findings; additional articles will be published in the coming weeks.

(Emphasis added.)

 Meanwhile, Michael Kranish of the Washington Post reports Donald Trump, facing financial ruin, sought control of his elderly father’s estate. The family fight was epic

Donald Trump was facing financial disaster in 1990 when he came up with an audacious plan to exert control of his father’s estate.

His creditors threatened to force him into personal bankruptcy, and his first wife, Ivana, wanted “a billion dollars” in a divorce settlement, Donald Trump said in a deposition. So he sent an accountant and a lawyer to see his father, Fred Trump Sr., who was told he needed to immediately sign a document changing his will per his son’s wishes, according to depositions from family members.

It was a fragile moment for the senior Trump, who was 85 years old and had built a real estate empire worth hundreds of millions of dollars. He would soon be diagnosed with cognitive problems, such as being unable to recall things he was told 30 minutes earlier or remember his birth date, according to his medical records, which were included in a related court case.

Racoons & Coyotes in San Franciso’s Golden Gate Park

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