A Free Extra Decade of Life

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Associated Data

The figures do not include an itemization of individual trades. But The Times was able to align the reported total gains with details on trades publicly documented by casino regulators at the time. As with many things Trump, his adventures in the stock market were more image than substance, helped greatly by news reports quoting anonymous sources said to have knowledge of Mr. An occasional quote from an associate — including his stockbroker, Alan C. Greenberg — helped burnish the myth.

An early and profitable gambit came in February , when Mr. Trump started buying stock in the company that owned United Airlines. That April, The Times reported that Mr. Trump takeover speculation set off a rally in the stock. At the end of the month, Mr. Trump quietly sold nearly all his shares.

The next day, The Journal reported that Mr. It was a gross exaggeration. New Jersey gaming regulators later determined that he had purchased only 2. The same tactic continued to work through In all, from through , Mr. By , investors were less fooled by his moves. That September, he bought a large stake in American Airlines and announced a takeover bid. Trump was rebuffed, and the stock price fell sharply. Though at the time his losses were reported to be modest, the new tax return figures show that in , the year he sold his American Airlines stake, Mr.

After climbing on the possibility of a takeover, the stock price slid.

Trump ultimately agreed to turn over that stock and most of his other assets — including the yacht, the Trump Shuttle and his stake in the Grand Hyatt — to his lenders. As would be expected for a business owner, the line on Mr. The figure appears to include a payment he received as part of a deal to buy the unfinished Taj Mahal casino from Merv Griffin, the talk show host turned businessman.

Trump to manage construction of the casino, among other services, and the resolution of a bitter dispute between the two included Mr. That windfall contributed to Mr. One number from Mr. Then came the outlier Taxpayers can receive interest income from a variety of sources, including bonds, bank accounts and mortgages. High-yield bonds, though less common today, were popular with institutional investors in the s.

Hard data on most of Mr. Similarly, there is no such evidence in a report on Mr. At his nadir, in the post-recession autumn of , Mr.

A 30-year Harvard study reveals the 5 simple habits that may prolong your life by 10 years or more

Trump testified before a congressional task force, calling for changes in the tax code to benefit his industry. There is no incentive to invest. Everyone is doing badly, everyone. Please upgrade your browser. Site Navigation Site Mobile Navigation. Donald J. Trump in , during a tumultuous period of his career marked by acquisition and collapse.

It never turned a profit. Trump at his home in Greenwich, Conn. And humanity did next-to-nothing to reconfigure its dominant economic and financial systems.

In short, we that is, the big We— though not all equally used our extra time about as foolishly as could be imagined. LTO production in the rest of the world never really took off and is unlikely to do so because conditions in other countries are not as conducive as they are in US where land owners often also own rights to minerals beneath the soil. At the same time, conventional crude oil, whose global production rate has been on a plateau for the past decade, may finally be set to decline due to a paucity of new discoveries.

At the same time, the burden of debt that was shouldered during the past decade is becoming unbearable. The impacts of warming atmosphere and oceans are appearing at a frightening and furious pace, and climate feedbacks could make future warming non-linear and perhaps even unsurvivable. At this point one has to wonder whether the mythic image of hell is a collective-unconscious premonition of global climate change.

Our bonus round of economic growth and relative normalcy will assuredly end at some point due to the combined action of these factors. Only two things can I say with confidence: the big trends all add up to overshoot, crisis, and decline; and building personal and community resilience remains the best strategy in response. Driving is dangerous.

The brakes fail. Weather turns roads to ice.

A driver in the oncoming lane falls asleep. Tragedy ensues. We human beings are all, in effect, driving this planet. Our personal distractions are often compelling. Most of us need to make a living. We like to make time for family and friends.

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We enjoy a wide range of entertainment options. Our collective distractions seem just as important. We want the economy to grow so that there are more jobs and higher returns on investments. We want our leaders to avert acts of terrorism, and if there are military conflicts we want our side to win. Thing is, if we collectively veer off the road and crash the planet, none of that matters. In fact, a few people are indeed paying attention to the road ahead.

Rising seas. Crazy weather, including worsening storms, droughts, and floods.


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Massive species extinctions. Threats to agriculture. Economic ruin. In short, a high-speed crash. If we were indeed paying attention, what would we do differently? We would make sustainability—real sustainability, not just eco-groovy gestures—our first priority. Conserve and reuse non-renewable resources. Use renewable resources only up to their regrowth rates.

Protect natural systems from pollution. Conserve biodiversity. If it turned out that the economy were just too big to operate within those guidelines, we would shrink it taking some time to identify ways that cause the least harm and create the greatest benefit, and ensuring that those who have gained least from our centuries-long growth bonanza get an equitable share of our reduced budget.

And if the human population were too big, we would shrink that too again, taking time to minimize bads and maximize goods. Yes, all of this would have personal implications. We would think about population levels when deciding whether to reproduce.

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We would refuse any career option that undermines the survival chances of future generations. We would refrain from investing in the extractive economy. We would think about all our daily choices—transportation, meals, clothing, housing—in terms of environmental impact. Really, the most difficult aspect of this shift is the initial decision to make it. For example, imagine how a more mindful economy would allow people to pursue their callings instead of just chasing jobs.

Or consider how leading less busy lives would allow more time to spend with loved ones. After a long struggle, I finally came off the benzos entirely in , and suffered a period of after-effects that included agoraphobia and an inability to read a book or even type.