Misplaced Pages

#728271

72-490: In May 1942 construction began for Lima Army Tank Plant to manufacture centrifugally cast gun tubes in the steel foundry . This manufacturing method was rendered obsolete, so the army converted it to a tank depot for modifying and processing combat vehicles for export and domestic shipping. In November 1942, a GM subsidiary, United Motors Services, took over operation of the plant to process vehicles under government contract. The plant prepared many vehicles for Europe, including

144-703: A $ 100 million mortgage on Trump Tower (refinanced in 2022) and the liquidation of over $ 200 million in stocks and bonds. He personally guaranteed $ 421 million in debt, most of which is due by 2024. As of October 2021 , Trump had over $ 1.3 billion in debts, much of which was secured by his assets. In 2020, he owed $ 640 million to banks and trust organizations, including Bank of China , Deutsche Bank , and UBS , and approximately $ 450 million to unknown creditors. The value of his assets exceeds his debt. Trump has produced 19 books under his name. At least some of them have been written or co-written by ghostwriters . His first book, The Art of

216-744: A $ 70 million bank construction loan. The hotel reopened in 1980 as the Grand Hyatt Hotel , and that same year, he obtained rights to develop Trump Tower , a mixed-use skyscraper in Midtown Manhattan. The building houses the headquarters of the Trump Corporation and Trump's PAC and was his primary residence until 2019. In 1988, Trump acquired the Plaza Hotel with a loan from a consortium of sixteen banks. The hotel filed for bankruptcy protection in 1992, and

288-466: A 20 percent share, formed All County Building Supply & Maintenance Corp. The company had no offices and is alleged to have been a shell company for paying the vendors providing services and supplies for Trump's rental units, then billing those services and supplies to Trump Management with markups of 20–50 percent and more. The owners shared the proceeds generated by the markups. The increased costs were used to get state approval for increasing

360-735: A company that sold real estate seminars for up to $ 35,000. After New York State authorities notified the company that its use of "university" violated state law (as it was not an academic institution), its name was changed to the Trump Entrepreneur Initiative in 2010. In 2013, the State of New York filed a $ 40 million civil suit against Trump University, alleging that the company made false statements and defrauded consumers. Additionally, two class actions were filed in federal court against Trump and his companies. Internal documents revealed that employees were instructed to use

432-560: A degree unprecedented in American politics. After his first term, scholars and historians ranked him as one of the worst presidents in American history. He lost the 2020 presidential election , but did not concede, falsely claiming widespread electoral fraud and attempting to overturn the results , including his involvement in the January ;6 Capitol attack . In 2024, he was found guilty of falsifying business records , making him

504-412: A hard-sell approach, and former employees testified that Trump University had defrauded or lied to its students. Shortly after he won the 2016 presidential election, he agreed to pay a total of $ 25 million to settle the three cases. The Donald J. Trump Foundation was a private foundation established in 1988. From 1987 to 2006, Trump gave his foundation $ 5.4 million which had been spent by

576-402: A history of belittling women when speaking to the media and on social media. He made lewd comments, disparaged women's physical appearances, and referred to them using derogatory epithets. At least 25 women publicly accused him of sexual misconduct , including rape, kissing without consent, groping, looking under women's skirts, and walking in on naked teenage pageant contestants. He has denied

648-600: A hotel and casino, with financing and management help from the Holiday Corporation . It was unprofitable, and he paid Holiday $ 70 million in May 1986 to take sole control. In 1985, he bought the unopened Atlantic City Hilton Hotel and renamed it Trump Castle . Both casinos filed for Chapter 11 bankruptcy protection in 1992. Trump bought a third Atlantic City venue in 1988, the Trump Taj Mahal . It

720-438: A particular end-use. Typical materials that can be centrifugal cast are metals, cements, concretes, glass, and pottery materials. Typical metals cast are iron , steel , stainless steels , and alloys of nickel , aluminum , and copper , magnesium . Two materials can be combined by introducing a second material during the process. A common example is cast iron pipe coated on the interior with cement. In centrifugal casting,

792-446: A permanent mold is rotated continuously at high speeds (300 to 3000 rpm) as the molten metal is poured. The molten metal spreads along the inside mold wall, where it solidifies after cooling. The casting is usually a fine-grained casting with an especially fine-grained outer diameter, due to the rapid cooling at the surface of the mold. Lighter impurities and inclusions move towards the inside diameter and can be machined away following

SECTION 10

#1732780959729

864-482: A reorganization plan was approved a month later, with the banks taking control of the property. In 1995, he defaulted on over $ 3 billion of bank loans, and the lenders seized the Plaza Hotel along with most of his other properties in a "vast and humiliating restructuring" that allowed him to avoid personal bankruptcy. The lead bank's attorney said of the banks' decision that they "all agreed that he'd be better alive than dead". In 1996, Trump acquired and renovated

936-474: A review of state and federal court files conducted by USA Today in 2018, Trump and his businesses had been involved in more than 4,000 state and federal legal actions. While he has not filed for personal bankruptcy , his over-leveraged hotel and casino businesses in Atlantic City and New York filed for Chapter 11 bankruptcy protection six times between 1991 and 2009. They continued to operate while

1008-519: A trip to Ohio, President Donald Trump visited the plant on March 20, 2019, where he gave a speech affirming his commitment to keeping the plant up and running. The Army announced in early 2019 that it would spend ~$ 714 million to upgrade the M1A1 Abrams at the plant. 40°42′14″N 84°07′55″W  /  40.704°N 84.132°W  / 40.704; -84.132 Centrifugal casting (industrial) Centrifugal casting or rotocasting

1080-419: A white woman in the 1989 Central Park jogger case , even after they were exonerated in 2002 when the actual rapist confessed and his DNA matched the evidence. In October 2024, the men sued Trump for defamation after he said in a televised September debate that they had committed the crime and killed the woman. In 2011, when he was reportedly considering a presidential run, Trump became the leading proponent of

1152-442: Is a casting technique that is typically used to cast thin-walled cylinders. It is typically used to cast materials such as metals, glass, and concrete. A high quality is attainable by control of metallurgy and crystal structure. Unlike most other casting techniques, centrifugal casting is chiefly used to manufacture rotationally symmetric stock materials in standard sizes for further machining , rather than shaped parts tailored to

1224-416: Is also used to manufacture large telescope mirrors, where the natural curve followed by the molten glass greatly reduces the amount of grinding required. Rather than pouring glass into a mold an entire turntable containing the peripheral mold and the back pattern (a honeycomb pattern to reduce the mass of the finished product) is contained within a furnace and charged with the glass material used. The assembly

1296-526: Is depleted by exercise. In 2015, his campaign released a letter from his longtime personal physician, Harold Bornstein , stating that he would "be the healthiest individual ever elected to the presidency". In 2018, Bornstein said Trump had dictated the contents of the letter and that three of Trump's agents had seized his medical records in a February 2017 raid on Bornstein’s office. Many of Trump's comments and actions have been described as racist . In national polling, about half of respondents said that he

1368-435: Is notable for applying this process to the manufacture of Cymbals . The technique is known in the glass industry as " spinning ". The centrifugal force pushes the molten glass against the mold wall, where it solidifies. The cooling process often takes between 16 and 72 hours depending on the impurities or volume of material. Typical products made using this process are television tubes and missile nose cones. Spin casting

1440-440: Is racist; a greater proportion believed that he emboldened racists. Several studies and surveys found that racist attitudes fueled his political ascent and were more important than economic factors in determining the allegiance of Trump voters. Racist and Islamophobic attitudes are a powerful indicator of support for Trump. He has also been accused of racism for insisting a group of black and Latino teenagers were guilty of raping

1512-425: Is then heated and spun at slow speed until the glass is liquid, then gradually cooled over a period of months. Centrifugal casting is also commonly used to shape glass into spherical objects such as marbles . Cylinders and shapes with rotational symmetry are most commonly cast by this technique. Long castings are often produced with the long axis parallel to the ground rather than standing up in order to distribute

SECTION 20

#1732780959729

1584-651: The Trump Princess , which had been leased to his casinos and kept docked; and other businesses. In 1995, Trump founded Trump Hotels & Casino Resorts (THCR), which assumed ownership of the Trump Plaza. THCR purchased the Taj Mahal and the Trump Castle in 1996 and went bankrupt in 2004 and 2009, leaving him with 10 percent ownership. He remained chairman until 2009. In 1985, Trump acquired

1656-631: The College Board with legal action if they released his academic records. In 1977, Trump married the Czech model Ivana Zelníčková . They had three children: Donald Jr. (1977–), Ivanka (1981–), and Eric (1984–). The couple divorced in 1990, following his affair with the actress Marla Maples . He and Maples married in 1993 and divorced in 1999. They have one daughter, Tiffany (1993–), whom Maples raised in California. In 2005, he married

1728-537: The Eastern Air Lines Shuttle , financing the purchase with $ 380 million (equivalent to $ 979 million in 2023) in loans from a syndicate of 22 banks. He renamed the airline Trump Shuttle and operated it until 1992. He defaulted on his loans in 1991, and ownership passed to the banks. In 1992, Trump, his siblings Maryanne , Elizabeth, and Robert , and his cousin John W. Walter, each with

1800-768: The M5 light tank and the M26 Pershing tank. After World War II, as the Lima Ordnance Depot, the plant served as a receiving and long-term storage facility for returning combat vehicles. During the Korean War, the plant modified and prepared tanks for shipment. In 1976, the army selected Chrysler's design for what would become the Abrams tank, and designated the Lima plant, operated by Chrysler, to initially build

1872-568: The Mar-a-Lago estate in Palm Beach, Florida. In 1995, he converted the estate into a private club with an initiation fee and annual dues. He continued to use a wing of the house as a private residence. He declared the club his primary residence in 2019. The Trump Organization began building and buying golf courses in 1999. It owns fourteen and manages another three Trump-branded courses worldwide. The Trump Organization has licensed

1944-773: The New Jersey Generals , a team in the United States Football League . After the 1985 season, the league folded, largely due to his attempt to move to a fall schedule (when it would have competed with the NFL for audience) and trying to force a merger with the NFL by bringing an antitrust suit. Trump and his Plaza Hotel hosted several boxing matches at the Atlantic City Convention Hall . In 1989 and 1990, he lent his name to

2016-749: The New York State Department of Taxation and Finance started an investigation. His investments underperformed the stock and New York property markets. Forbes estimated in October 2018 that his net worth declined from $ 4.5 billion in 2015 to $ 3.1 billion in 2017 and his product-licensing income from $ 23 million to $ 3 million. Trump's tax returns from 1985 to 1994 show net losses totaling $ 1.17 billion. The losses were higher than those of almost every other American taxpayer. The losses in 1990 and 1991, more than $ 250 million each year, were more than double those of

2088-709: The Plaza Hotel in Manhattan, the casinos in Atlantic City, New Jersey , and the Trump Hotels & Casino Resorts company. Trump attracted public attention in 1978 with the launch of his family's first Manhattan venture, the renovation of the derelict Commodore Hotel , adjacent to Grand Central Terminal. The financing was facilitated by a $ 400 million city property tax abatement arranged for him by his father who also, jointly with Hyatt , guaranteed

2160-492: The Reform Party , in 1999; a Democrat in 2001; a Republican in 2009; unaffiliated in 2011; and a Republican in 2012. In 1987, Trump placed full-page advertisements in three major newspapers, expressing his views on foreign policy and how to eliminate the federal budget deficit. In 1988, he approached Lee Atwater , asking to be put into consideration to be Republican nominee George H. W. Bush 's running mate. Bush found

2232-744: The Tour de Trump cycling stage race, an attempt to create an American equivalent of European races such as the Tour de France or the Giro d'Italia . From 1986 to 1988, Trump purchased significant blocks of shares in various public companies while suggesting that he intended to take over the company and then sold his shares for a profit, leading some observers to think he was engaged in greenmail . The New York Times found that he initially made millions of dollars in such stock transactions, but "lost most, if not all, of those gains after investors stopped taking his takeover talk seriously". In 1988, Trump purchased

Lima Army Tank Plant - Misplaced Pages Continue

2304-643: The Trump wall expanding the U.S.–Mexico border wall, and implemented a family separation policy at that border. He rolled back more than 100 environmental policies and regulations, signed the Tax Cuts and Jobs Act of 2017, and appointed three justices to the Supreme Court. He initiated a trade war with China, withdrew the U.S. from several international agreements, and met with North Korean leader Kim Jong Un without progress on denuclearization. In response to

2376-486: The 1982, 1983, and 1984 rankings. Trump has often said he began his career with "a small loan of a million dollars" from his father and that he had to pay it back with interest. He was a millionaire by age eight, borrowed at least $ 60 million from his father, largely failed to repay those loans, and received another $ 413 million (2018 dollars adjusted for inflation) from his father's company. In 2018, he and his family were reported to have committed tax fraud, and

2448-519: The 1990s, mostly by licensing the Trump name. From 2004 to 2015, he produced and hosted the reality television series The Apprentice . In 2015, Trump launched a presidential campaign that led to the Trumpism movement. Trump won the 2016 presidential election . His election and policies sparked numerous protests . In his first term , he ordered a travel ban targeting Muslims and refugees, funded

2520-619: The 2024 presidential election as the nominee of the Republican Party and will be inaugurated as the 47th president on January 20, 2025. Trump graduated with a bachelor's degree in economics from the University of Pennsylvania in 1968. After becoming president of the family real estate business in 1971, he renamed it the Trump Organization . Trump launched side ventures following a series of bankruptcies in

2592-690: The COVID-19 pandemic , Trump signed the CARES Act on March 27, 2020. He was impeached in 2019 for abuse of power and obstruction of Congress, and in 2021 for incitement of insurrection; the Senate acquitted him in both cases. Trump's politics and rhetoric led to the creation of Trumpism . Many of his comments and actions have been characterized as racially charged, racist, and misogynistic. He promoted conspiracy theories and made many false and misleading statements during his campaigns and presidency, to

2664-589: The Deal (1987), was a New York Times Best Seller . While he was credited as co-author, the entire book was written by Tony Schwartz . According to The New Yorker , the book made Trump famous as an "emblem of the successful tycoon". Trump had cameos in many films and television shows from 1985 to 2001. Starting in the 1990s, Trump was a guest about 24 times on the nationally syndicated Howard Stern Show . He had his own short-form talk radio program called Trumped! from 2004 to 2008. From 2011 until 2015, he

2736-520: The New York attorney general determined the foundation to be in violation of state law, for soliciting donations without submitting to required annual external audits, and ordered it to cease its fundraising activities in New York immediately. Trump's team announced in December 2016 that the foundation would be dissolved. In June 2018, the New York attorney general's office filed a civil suit against

2808-477: The Slovenian model Melania Knauss . They have one son, Barron (2006–). Trump says he has never drunk alcohol, smoked cigarettes, or used drugs. He sleeps about four or five hours a night. He has called golfing his "primary form of exercise", but usually does not walk the course. He considers exercise a waste of energy because he believes the body is "like a battery, with a finite amount of energy", which

2880-427: The Trump name for consumer products and services, including foodstuffs, apparel, learning courses, and home furnishings. According to The Washington Post , there are more than 50 licensing or management deals involving his name, and they have generated at least $ 59 million in revenue for his companies. By 2018, only two consumer goods companies continued to license his name. In September 1983, Trump purchased

2952-557: The U.S. Army reducing its strategic number of tanks required for active duty. This supplemented number of new tanks is in addition to the ~4000 tanks already in storage across the nation. Along with the ~200 Abrams ordered by Congress, the plant simultaneously produced Israeli Namer APC chassis and Abrams Foreign Military tanks, during the allotted time frame. The Army considered a layaway of the plant if their production met its quota before 2017, in addition to reallocating unused equipment. General Dynamics Land Systems, which currently operates

Lima Army Tank Plant - Misplaced Pages Continue

3024-523: The U.S. Army was able to convince Congress that it still required further tank production, so in 2013, the United States Congress funded the production of additional tanks. These additional tanks however are currently slated to be put into storage until a time the U.S. Army requires them to supplement their forces. This latest Congressional order specifies the creation of ~200 "brand new" tanks to be placed in reserve storage, in accordance to

3096-399: The allegations. In October 2016, a 2005 " hot mic " recording surfaced in which Trump bragged about kissing and groping women without their consent, saying that "when you're a star, they let you do it. You can do anything. ... Grab 'em by the pussy ." The incident's widespread media exposure led to Trump's first public apology during his 2016 presidential campaign and caused outrage across

3168-695: The army. The Army currently has no plans of permanently closing the Joint Systems Manufacturing Center, JSMC. However, Army officials planned to end U.S. Army tank production at the JSMC between 2015 and 2016 due to the U.S. Army having built the projected number of tanks needed to properly supplement U.S. ground forces, given the current Army Force Structure (which dictates how many vehicles the U.S. Army requires for both active and reserve units; as well as, contingency storage in case additional vehicles are needed in time of war). In 2011,

3240-417: The banks restructured debt and reduced his shares in the properties. During the 1980s, more than 70 banks had lent Trump $ 4 billion. After his corporate bankruptcies of the early 1990s, most major banks, with the exception of Deutsche Bank, declined to lend to him. After the January 6 Capitol attack , the bank decided not to do business with him or his company in the future. In 1982, Trump made

3312-429: The casting. Casting machines may be either horizontal or vertical-axis. Horizontal axis machines are preferred for long, thin cylinders, vertical machines for rings and bearings. Castings usually solidify from the outside in. This directional solidification improves some metallurgical properties. Often the inner and outermost layers are removed and only the intermediary columnar zone is used. Centrifugal casting

3384-465: The durability and utility of the finished product. Noncircular shapes may also be cast providing the shape is relatively constant in radius. Centrifugal Casting Ductile Iron Pipe Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. He won

3456-424: The effect of gravity evenly. Thin-walled cylinders are difficult to cast by other means. Centrifugal casting is particularly suited as they behave in the manner of shallow flat castings relative to the direction of the centrifugal force. Centrifugal casting is also used to manufacture disk and cylinder shaped objects such as railway carriage wheels or machine fittings where grain, flow, and balance are important to

3528-539: The end of 2006. After donating a total of $ 65,000 in 2007–2008, he stopped donating any personal funds to the charity, which received millions from other donors, including $ 5 million from Vince McMahon . The foundation gave to health- and sports-related charities, conservative groups, and charities that held events at Trump properties. In 2016, The Washington Post reported that the charity committed several potential legal and ethical violations, including alleged self-dealing and possible tax evasion . Also in 2016,

3600-718: The facility was renamed the Joint Systems Manufacturing Center (JSMC) to reflect the decision to manufacture the Expeditionary Fighting Vehicle for the United States Marine Corps there. Despite the name change, the plant is still incorrectly referred to as the "Lima Army Tank Plant", although the plant now services all five branches of the US Armed Forces and is now controlled by the Department of Defense, rather than just

3672-595: The first U.S. president to be convicted of a felony. He faced more felony indictments related to his interference in the 2020 election and his handling of classified documents , which were dismissed following his reelection in 2024. Trump was born on June 14, 1946, at Jamaica Hospital in Queens , New York City, the fourth child of Fred Trump and Mary Anne MacLeod Trump . He is of German and Scottish descent. He grew up with his older siblings, Maryanne , Fred Jr. , and Elizabeth, and his younger brother, Robert , in

SECTION 50

#1732780959729

3744-409: The foundation, Trump, and his adult children, seeking $ 2.8 million in restitution and additional penalties. In December 2018, the foundation ceased operation and disbursed its assets to other charities. In November 2019, a New York state judge ordered Trump to pay $ 2 million to a group of charities for misusing the foundation's funds, in part to finance his presidential campaign. Roy Cohn

3816-430: The government owned factory, opposed the closure, arguing that suspension of operations would 'increase long-term costs' and 'reduce flexibility'. Proposed efforts of decommissioning the plant are estimated to cost around $ 380 million, with an additional $ 1.3 billion needed to restart production after such a diminishing if required at a later date. A bill which passed in the U.S. Senate, allocated $ 272 million in funds toward

3888-768: The initial Forbes list of wealthy people for holding a share of his family's estimated $ 200 million net worth (equivalent to $ 631 million in 2023). His losses in the 1980s dropped him from the list between 1990 and 1995. After filing the mandatory financial disclosure report with the FEC in July 2015, he announced a net worth of about $ 10 billion. Records released by the FEC showed at least $ 1.4 billion in assets and $ 265 million in liabilities. Forbes estimated his net worth dropped by $ 1.4 billion between 2015 and 2018. In their 2024 billionaires ranking, his net worth

3960-613: The last M1 rolled off the assembly line, and in October, production began on the improved M1 (IPM1). The plant later manufactured the M1A1, with the first pilot vehicle built in August 1985. The M1A1 was produced at a rate of 120 a month. General Dynamics transferred some of the tank maintenance operations to Lima Army Tank Plant when it ended operations at the Detroit Arsenal Tank Plant in December 1996. In June 2004

4032-638: The mostly vacant 71-story skyscraper at 40 Wall Street , later rebranded as the Trump Building. In the early 1990s, he won the right to develop a 70-acre (28 ha) tract in the Lincoln Square neighborhood near the Hudson River. Struggling with debt from other ventures in 1994, he sold most of his interest in the project to Asian investors, who financed the project's completion, Riverside South . Trump's last major construction project

4104-605: The nearest taxpayers. In 1995, his reported losses were $ 915.7 million (equivalent to $ 1.83 billion in 2023). In 2020, The New York Times obtained Trump's tax information extending over two decades. Its reporters found that he reported losses of hundreds of millions of dollars. Since 2010 he had also failed to pay back $ 287 million in loans. During the 15 years prior to 2020, using tax credits for business losses, he paid no income taxes in 10 of those years and $ 750 each in 2016 and 2017. He balanced his businesses' losses by selling and borrowing against assets, including

4176-414: The plant to facilitate its continuation of regular operations through July 2014. However, GDLS continues to lobby for an additional $ 180M. In December 2016 a new funding program of $ 1.2 billion was allocated for the production of the Abrams tank and Stryker armored vehicle to be built at the Joint Systems Manufacturing Center in Lima. As of July 2018, the factory was producing 11 Abrams tanks a month. During

4248-728: The political spectrum. Starting in 1968, Trump was employed at his father's real estate company, Trump Management, which owned racially segregated middle-class rental housing in New York City's outer boroughs. In 1971, his father made him president of the company and he began using the Trump Organization as an umbrella brand . In 1975, Trump settled a 1973 Department of Justice civil rights lawsuit alleging housing discrimination against black renters by consenting to desegregate. Between 1991 and 2009, he filed for Chapter 11 bankruptcy protection for six of his businesses:

4320-523: The racist "birther" conspiracy theory , alleging that Barack Obama, the first black U.S. president, was not born in the U.S. In April, he claimed credit for pressuring the White House to publish the "long-form" birth certificate, which he considered fraudulent, and later said this made him "very popular". In September 2016, amid pressure, he acknowledged that Obama was born in the U.S. In 2017, he reportedly expressed birther views privately. Trump has

4392-529: The related licensing agreements, they earned him more than $ 400 million. In February 2021, Trump, who had been a member of SAG-AFTRA since 1989, resigned to avoid a disciplinary hearing regarding the January ;6 attack. Two days later, the union permanently barred him. Trump registered as a Republican in 1987; a member of the Independence Party , the New York state affiliate of

SECTION 60

#1732780959729

4464-632: The rents of his rent-stabilized units. From 1996 to 2015, Trump owned all or part of the Miss Universe pageants, including Miss USA and Miss Teen USA . Due to disagreements with CBS about scheduling, he took both pageants to NBC in 2002. In 2007, he received a star on the Hollywood Walk of Fame for his work as producer of Miss Universe. NBC and Univision dropped the pageants in June 2015. In 2004, Trump co-founded Trump University ,

4536-688: The request "strange and unbelievable". Trump was a candidate in the 2000 Reform Party presidential primaries for three months, but withdrew from the race in February 2000. In 2011, Trump speculated about running against President Barack Obama in the 2012 election , making his first speaking appearance at the Conservative Political Action Conference (CPAC) in February and giving speeches in early primary states. In May, he announced he would not run. His presidential ambitions were generally not taken seriously at

4608-476: The tank. The army pressured Chrysler, in financial difficulty, to form a subsidiary, Chrysler Defense, to hold and protect the tank contract from potential bankruptcy proceedings. In February 1980, the first M1 Abrams rolled out of LATP. After a contract the plant began producing the Abrams at a rate of 30 a month. Chrysler subsequently sold the Defense subsidiary to General Dynamics in 1982. In January 1985,

4680-545: The wealthy Jamaica Estates neighborhood of Queens. He attended the private Kew-Forest School through seventh grade and New York Military Academy , a private boarding school, from eighth through twelfth grade. In 1964, Trump enrolled at Fordham University . Two years later, he transferred to the Wharton School of the University of Pennsylvania , graduating in May 1968 with a Bachelor of Science in economics. In 2015, he threatened his high school, colleges, and

4752-415: Was Trump's fixer , lawyer, and mentor for 13 years in the 1970s and 1980s. According to Trump, Cohn sometimes waived fees due to their friendship. In 1973, Cohn helped Trump countersue the U.S. government for $ 100 million (equivalent to $ 686 million in 2023) over its charges that Trump's properties had racial discriminatory practices. Trump's counterclaims were dismissed, and the government's case

4824-479: Was a guest commentator on Fox & Friends . From 2004 to 2015, Trump was co-producer and host of reality shows The Apprentice and The Celebrity Apprentice . On the shows, he was a superrich and successful chief executive who eliminated contestants with the catchphrase "you're fired". The New York Times called his portrayal a "highly flattering, highly fictionalized version of Mr. Trump". The shows remade his image for millions of viewers nationwide. With

4896-596: Was estimated to be $ 2.3 billion (1,438th in the world). In 2018, journalist Jonathan Greenberg reported that Trump had called him in 1984 pretending to be a fictional Trump Organization official named " John Barron ". Greenberg said that, to get a higher ranking on the Forbes 400 list of wealthy Americans, Trump, speaking as "Barron", falsely asserted that Donald Trump owned more than 90 percent of his father's business. Greenberg also wrote that Forbes had vastly overestimated Trump's wealth and wrongly included him on

4968-518: Was financed with $ 675 million in junk bonds and completed for $ 1.1 billion, opening in April 1990. He filed for Chapter 11 bankruptcy protection in 1991. Under the provisions of the restructuring agreement, he gave up half his initial stake and personally guaranteed future performance. To reduce his $ 900 million of personal debt, he sold the Trump Shuttle airline; his megayacht,

5040-535: Was settled with the Trumps signing a consent decree agreeing to desegregate. In 1975, an agreement was struck requiring Trump's properties to furnish the New York Urban League with a list of all apartment vacancies, every week for two years, among other things. Cohn introduced political consultant Roger Stone to Trump, who enlisted Stone's services to deal with the federal government. According to

5112-590: Was the 92-story mixed-use Trump International Hotel and Tower (Chicago) which opened in 2008. In 2024, the New York Times and ProPublica reported that the Internal Revenue Service was investigating whether he had twice written off losses incurred through construction cost overruns and lagging sales of residential units in the building he had declared to be worthless on his 2008 tax return. In 1984, Trump opened Harrah's at Trump Plaza ,

5184-411: Was the invention of Alfred Krupp , who used it to manufacture railway tyres ( cast steel tyres for railway wheels) starting in 1852. Typical parts made by this process are pipes , flywheels , cylinder liners , and other parts that are axi-symmetric . It is notably used to cast cylinder liners and sleeve valves for piston engines, parts which could not be reliably manufactured otherwise. UFIP

#728271