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Ventures launched by the Trump family since Donald Trump's reelection have generated at least $4 billion in proceeds and paper wealth for the Trump family. With investments across sectors like real estate, hospitality, media, cryptocurrency and more, the Trumps are "increasingly integrating their business empire" into the wider U.S. economy, says David Uberti, who has been reporting on the family's self-enrichment for The Wall Street Journal. The coupling of Trump's economic and political influence is raising major questions about conflicts of interest. "You have all of these different business interests in different areas in which the government regulates," and this "proximity to power may help along some of these deals and the valuations at which they're made."
We look at the Trumps' cryptocurrency venture World Liberty Financial and the Trump Organization's planned $6 billion merger with a firm hoping to build a nuclear fusion plant to power AI data centers with Uberti, who says such "very speculative, highly risky corners of financial markets" are key to the family's investment strategy.
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Democracy Now! speaks with Democratic Congressmember Ro Khanna on the latest developments in Congress and about escalating U.S. attacks on alleged drug boats off the coast of Venezuela. "Why are we going into a regime change war when the president promised no endless wars?" he asks.
Khanna also defends New York City Mayor-elect Zohran Mamdani after Congress passed a resolution condemning the "horrors of socialism." "I call myself a progressive capitalist, but democratic socialism does not mean that you're going to seize the means of production," Khanna says. "What they're talking about is taxing billionaires more, which I agree with."
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