Trump rejects the scientific consensus on climate change. Since his election Trump has made large budget cuts to programs that research renewable energy and has rolled back Obama-era policies directed at curbing climate change. In June 2017, Trump announced the withdrawal of the United States from the Paris Agreement, making the U.S. the only nation in the world to not ratify the agreement. At the 2019 G7 summit, Trump skipped the sessions on climate change but said afterward during a press conference that he is an environmentalist.
In June 2018 the New York attorney general's office filed a civil suit against the foundation, Trump himself, and his adult children, asking for $2.8 million in restitution and additional penalties. In December 2018, the foundation ceased operation and disbursed all its assets to other charities. The following November, 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.
More InfoTrump's first book, The Art of the Deal (1987), was on the New York Times Best Seller list for 48 weeks. According to The New Yorker, "The book expanded Trump's renown far beyond New York City, promoting an image of himself as a successful dealmaker and tycoon." Trump was credited as the book's co-author with Tony Schwartz, who later said he had done all the writing; this was confirmed by former Random House head Howard Kaminsky. Trump has called the book his second favorite after the Bible.
More InfoOn September 26, 2016, Trump and Clinton faced off in their first presidential debate, which was held at Hofstra University in Hempstead, New York. The second presidential debate was held at Washington University in St. Louis, Missouri. The final presidential debate was held on October 19 at the University of Nevada, Las Vegas. Trump's refusal to say whether he would accept the result of the election, regardless of the outcome, drew particular attention, with some saying it undermined democracy.
More InfoIn the late 1980s, Trump mimicked the actions of Wall Street's so-called corporate raiders, whose tactics had attracted wide public attention. Trump began to purchase significant blocks of shares in various public companies, leading some observers to think he was engaged in the practice called greenmail, or feigning the intent to acquire the companies and then pressuring management to repurchase the buyer's stake at a premium. The New York Times found that Trump initially made millions of dollars in such stock transactions, but later "lost most, if not all, of those gains after investors stopped taking his takeover talk seriously".
More InfoTrump acquired a third casino in Atlantic City, the Taj Mahal, in 1988 in a highly leveraged transaction. It was financed with $675 million in junk bonds and completed at a cost of $1.1 billion, opening in April 1990. The project went bankrupt the following year, and the reorganization left Trump with only half his initial ownership stake and required him to pledge personal guarantees of future performance. Facing "enormous debt", he gave up control of his money-losing airline, Trump Shuttle, and sold his 282-foot (86 m) mega yacht, the Trump Princess, which had been indefinitely docked in Atlantic City while leased to his casinos for use by wealthy gamblers.
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