berg80
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- Oct 28, 2017
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Trump Organization Is Said to Be in Talks on a Saudi Government Real Estate Deal
The Trump Organization is in talks that could bring a Trump-branded property to one of Saudi Arabia’s largest government-owned real estate developments, according to the chief executive of the Saudi company leading the development.The negotiations are the latest example of President Trump blending governance and family business, particularly in Persian Gulf countries. Since returning to office, the president’s family and businesses have announced new ventures abroad involving billions of dollars, made hundreds of millions from cryptocurrency, and sold tickets to a private dinner hosted by Mr. Trump.
Mr. Trump is set to host Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, in Washington next week.
The prince is overseeing a $63 billion project that is set to transform the historic Saudi town of Diriyah into a luxury destination with hotels, retail shops and office space. The Trump business has a history of lending its name to mixed-use projects touting “iconic luxury.”
Serbian Lawmakers Approve Luxury Trump Hotel on Historic Bombing Site
The Serbian Parliament approved a new law Friday to tear down an architectural landmark that NATO bombed in 1999, stripping it of cultural protections and clearing the way for President Trump’s family to replace it with a luxury hotel.Plans to build a half-billion-dollar Trump-branded hotel and apartments on the site of the landmark, the former General Staff military complex in the Serbian capital of Belgrade, had been stalled after government officials who endorsed it were charged with fraud.
But last weekend, lawmakers from the governing party of President Aleksandar Vucic announced they would use an extraordinary provision in the Constitution to introduce a law that would restart the project.
The legislative wrangling drew condemnation from students, prosecutors, preservationists and opposition politicians in the latest provocation after more than a year of anticorruption protests against Mr. Vucic’s government.
The intent of the Emoluments Clause of the Constitution was to prevent such things by the spirit if not the letter of the law. But as we have seen with the constant attempts to expand presidential power beyond constitutional boundaries this appears to be another instance of trump knowingly being in violation of law yet daring anyone to stop him.