After the Trump Organization's financial losses in the early 1990s, it refocused its business on branding and licensing the Trump name for projects owned and operated by other people and companies. In the late 2000s and early 2010s, it expanded this branding and management business to hotel towers located around the world, including Chicago; Las Vegas; Washington, D.C.; Panama City; Toronto; and Vancouver. There were also Trump-branded buildings in Dubai, Honolulu, Istanbul, Manila, Mumbai, and Indonesia.
Trump was born and raised in Queens, a borough of New York City, attended Fordham University for two years and received a bachelor's degree in economics from the Wharton School of the University of Pennsylvania. He became president of his father's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan. The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He bought the Miss Universe brand of beauty pageants in 1996, and sold it in 2015. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. He produced and hosted The Apprentice, a reality television series, from 2003 to 2015. As of 2020, Forbes estimated his net worth to be $2.1 billion.
More InfoTrump identifies as Presbyterian. He went to Sunday school and was confirmed in 1959 at the First Presbyterian Church in Jamaica, Queens. In the 1970s, his parents joined the Marble Collegiate Church in Manhattan, which belongs to the Reformed Church. The pastor at Marble, Norman Vincent Peale, ministered to Trump's family until Peale's death in 1993. Trump has described Peale as a mentor. In 2015, after Trump said he attends Marble, the church publicly stated he "is not an active member" of the church. In November 2019, Trump appointed his personal pastor, televangelist Paula White, to the White House Office of Public Liaison.
More InfoIn 2009, Obama signed into law the National Defense Authorization Act for Fiscal Year 2010, which contained in it the Matthew Shepard and James Byrd Jr. Hate Crimes Prevention Act, the first addition to existing federal hate crime law in the United States since Democratic President Bill Clinton signed into law the Church Arson Prevention Act of 1996. The Matthew Shepard and James Byrd Jr. Hate Crimes Prevention Act expanded existing federal hate crime laws in the United States to apply to crimes motivated by a victim's actual or perceived gender, sexual orientation, gender identity, or disability, and dropped the prerequisite that the victim be engaging in a federally protected activity.
More InfoObama's most significant legacy is generally considered to be the Patient Protection and Affordable Care Act (PPACA), provisions of which went into effect from 2010 to 2020. Many attempts by Senate Republicans to repeal the PPACA, including a "skinny repeal," have thus far failed. Together with the Health Care and Education Reconciliation Act amendment, it represents the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965.
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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