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Trump family’s luxury Scottish golf resort makes first-ever profit

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Trump family’s luxury Scottish golf resort makes first-ever profit

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A luxury Scottish golf resort owned by Donald Trump’s family has made its first profit since the acquisition almost a decade ago, in a boost to the US presidential hopeful’s fortunes.

Trump Turnberry in Ayrshire, which features three golf courses and a century-old hotel, was bought by the Trumps for a reported $60mn in 2014 but had never since made a profit.

According to accounts filed at the UK’s Companies House, Trump Turnberry made a pre-tax profit of £571,000 in 2022, compared with a loss of £3.7mn the previous year. With attendance recovering from the pandemic, revenue rose to almost £22mn, from £13.1mn in 2021.

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Trump Turnberry did not pay any tax on its 2022 profit, the accounts show, because of deductible losses carried forward from previous years and other allowances. 

Trump’s business record, which has been marked by multiple bankruptcies, has been called into question, particularly after his entry into political life and election to the presidency in 2016.

Official records show Trump declared no taxable income in the US for 2015, 2016, 2017 and 2020 because of losses on his business operations. 

According to his website Trumpgolf.com, the former president, who is a keen golfer, owns 18 golf courses across the world, including his showpiece resort at Bedminster, New Jersey.

Revenue for Trump Turnberry in 2019, the last comparable full year, were £19.7mn. The resort was closed the next year because of the pandemic and reopened in April 2021.

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Trump Turnberry — along with a smaller Trump golf resort in Aberdeenshire — received more than £1mn in taxpayer support during Covid-19 lockdowns.

Results filed at Companies House by another Trump company that owns the Aberdeenshire golf course, called Trump International Scotland, show a pre tax loss of about £738,000 in 2022, up from a loss of £697,000 in 2021.

The higher loss came in spite of a rise in revenues to £3.6mn in 2022, from £2mn in 2021, due to increased administrative expenses.

The Trump Organization did not immediately respond to a request for comment. 

Trump resigned his directorship of Trump Turnberry before he was sworn in as US president in 2017, with his eldest sons Donald Jr and Eric taking control. SLC Turnberry — the company that operates the resort — lists the Donald J Trump Revocable Trust as its ultimate controlling shareholder. 

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SLC Turnberry is directly controlled by UK-based holding company Golf Recreation Scotland, which lists Eric Trump as the person with significant control. Golf Recreation Scotland, which reported a higher pre-tax loss than SLC Turnberry in 2021, has yet to file its overdue accounts for 2022.

SLC Turnberry’s accounts state that the site’s owners were “fully committed” to it and had indicated they would continue to invest with future plans to “enhance the resort”.

In the past, the Trump family promised to spend $200mn on renovations. A newly filed 2022 annual report refers to a “significant capital investment to significantly . . . improve the resort”.

The governing body behind The Open in the UK has said Turnberry would not be considered as a host of the golf tournament after the January 6, 2021 assault on the US Capitol by a crowd of Trump supporters, which disrupted certification of the 2020 election results. Turnberry has previously hosted The Open four times.

Trump is the clear frontrunner to secure the Republican nomination to run for US president in 2024.

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As the campaign heats up he is facing a number of legal troubles, including a civil fraud lawsuit brought by the New York attorney-general accusing him and his family business of inflating the value of his real estate empire by billions of dollars in order to secure favourable loans.

Closing arguments in that case, in which the attorney-general is seeking $370mn in damages as well as an order barring Trump from ever working in the New York real estate industry again, are set for Thursday. Trump has denied any wrongdoing and described the case as politically motivated.

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Trump claims US stockpiles mean wars can be fought ‘forever’; Kristi Noem testifies before Congress – US politics live

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Trump claims US stockpiles mean wars can be fought ‘forever’; Kristi Noem testifies before Congress – US politics live

Trump says US stockpiles mean “wars can be fought ‘forever’”

In a late night post on Truth Social, Donald Trump said that the US munitions stockpiles “at the medium and upper medium grade, never been higher or better”.

He added that the US has a “virtually unlimited supply of these weapons”, meaning that “wars can be fought ‘forever’”.

This comes after Trump said that the US-Israel war on Iran could go beyond the four-five weeks that the administration initially predicted. The president also did not rule out the possibility of US boots on the ground in Iran during an interview with the New York Post on Monday.

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“I rebuilt the military in my first term, and continue to do so. The United States is stocked, and ready to WIN, BIG!!!,” he wrote.

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Key events

During his opening remarks, Senate judicicary committee chairman, Chuck Grassley, blamed Democrats for the ongoing shutdown Department of Homeland Security (DHS) but highlighted four agencies: the Secret Service, Federal Emergency Management Agency (FEMA), the Transportation Security Administration (TSA), and the Coast Guard.

Democrats are demanding tighter guardrails for federal immigration enforcement, but a sweeping tax bill signed into law last year conferred $75bn for Immigration and Customs Enforcement (ICE), which means the agency is still functional amid the wider department shuttering.

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Supreme Court blocks redrawing of New York congressional map, dealing a win for GOP

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Supreme Court blocks redrawing of New York congressional map, dealing a win for GOP

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The Supreme Court on Monday intervened in New York’s redistricting process, blocking a lower court decision that would likely have flipped a Republican congressional district into a Democratic district.    
  
At issue is the midterm redrawing of New York’s 11th congressional district, including Staten Island and a small part of Brooklyn. The district is currently held by a Republican, but on Jan. 21, a state Supreme Court judge ruled that the current district dilutes the power of Black and Latino voters in violation of the state constitution.  
  
GOP Rep. Nicole Malliotakis, who represents the district, and the Republican co-chair of the state Board of Elections promptly appealed to the U.S. Supreme Court, asking the justices to block the redrawing as an unconstitutional “racial gerrymander.” New York’s congressional election cycle was set to officially begin Feb. 24, the opening day for candidates to seek placement on the ballot.  
  
As in this year’s prior mid-decade redistricting fights — in Texas and California — the Trump administration backed the Republicans.   
 
Voters and the State of New York contended it’s too soon for the Supreme Court to wade into this dispute. New York’s highest state court has not issued a final judgment, so the voters asserted that if the Supreme Court grants relief now “future stay applicants will see little purpose in waiting for state court rulings before coming to this Court” and “be rewarded for such gamesmanship.” The state argues this is an issue for “New York courts, not federal courts” to resolve, and there is sufficient time for the dispute to be resolved on the merits. 
  
The court majority explained the decision to intervene in 101 words, which the three dissenting liberal justices  summarized as “Rules for thee, but not for me.” 
 
The unsigned majority order does not explain the Court’s rationale. It says only how long the stay will last, until the case moves through the New York State appeals courts. If, however, the losing party petitions and the court agrees to hear the challenge, the stay extends until the final opinion is announced. 
 
Dissenting from the decision were Justices Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson. Writing for the three, Sotomayor  said that  if nonfinal decisions of a state trial court can be brought to highest court, “then every decision from any court is now fair game.” More immediately, she noted, “By granting these applications, the Court thrusts itself into the middle of every election-law dispute around the country, even as many States redraw their congressional maps ahead of the 2026 election.” 

Monday’s Supreme Court action deviates from the court’s hands-off pattern in these mid-term redistricting fights this year. In two previous cases — from Texas and California — the court refused to intervene, allowing newly drawn maps to stay in effect.  
  
Requests for Supreme Court intervention on redistricting issues has been a recurring theme this term, a trend that is likely to grow.  Earlier last month  the high court allowed California to use a voter-approved, Democratic-friendly map.  California’s redistricting came in response to a GOP-friendly redistricting plan in Texas that the Supreme Court also permitted to move forward. These redistricting efforts are expected to offset one another.     
   
But the high court itself has yet to rule on a challenge to Louisiana’s voting map, which was drawn by the state legislature after the decennial census in order to create a second majority-Black district.  Since the drawing of that second majority-black district, the state has backed away from that map, hoping to return to a plan that provides for only one majority-minority district.    
     
The Supreme Court’s consideration of the Louisiana case has stretched across two terms. The justices failed to resolve the case last term and chose to order a second round of arguments this term adding a new question: Does the state’s intentional creation of a second majority-minority district violate the constitution’s Fourteenth and Fifteenth Amendments’ guarantee of the right to vote and the authority of Congress to enforce that mandate?    
Following the addition of the new question, the state of Louisiana flipped positions to oppose the map it had just drawn and defended in court. Whether the Supreme Court follows suit remains to be seen. But the tone of the October argument suggested that the court’s conservative supermajority is likely to continue undercutting the 1965 Voting Rights Act.   

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Map: Earthquake Shakes Central California

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Map: Earthquake Shakes Central California

Note: Map shows the area with a shake intensity of 3 or greater, which U.S.G.S. defines as “weak,” though the earthquake may be felt outside the areas shown.  All times on the map are Pacific time. The New York Times

A minor earthquake with a preliminary magnitude of 3.5 struck in Central California on Monday, according to the United States Geological Survey.

The temblor happened at 7:17 a.m. Pacific time about 6 miles northwest of Pinnacles, Calif., data from the agency shows.

As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.

Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Pacific time. Shake data is as of Monday, March 2 at 10:20 a.m. Eastern. Aftershocks data is as of Monday, March 2 at 11:18 a.m. Eastern.

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