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    What the Civil Fraud Ruling Means for Trump’s Finances and His Empire

    Justice Arthur F. Engoron’s decision could drain all of former President Donald J. Trump’s cash, and will set his family business reeling.Donald J. Trump lost his civil fraud trialon Friday, as a judge found him liable for violating state laws and penalized him nearly $355 million plus interest. In total, Mr. Trump is expected to have to pay more than $450 million.The judge, Arthur F. Engoron, did not stop there. Along with other punishments, he also barred the former president from leading any company in the state, including portions of Mr. Trump’s family business, for three years. In doing so, he granted requests from the New York attorney general, who brought the case, accusing Mr. Trump of violating state laws by inflating his net worth in documents submitted to lenders.Mr. Trump will appeal, and the case could take months if not years to resolve.But Justice Engoron’s decision could inflict immediate pain, threatening the former president’s finances and his influence over the Trump family business, known as the Trump Organization. The threat is not existential — the judge did not dissolve the company, and Mr. Trump is not at risk of bankruptcy — but the decision dealt him a serious financial blow, along with a symbolic swipe at his billionaire image.The attorney general, Letitia James, said in a news conference Friday evening that “when the powerful break the law and take more than their fair share, there are fewer resources available for working people, small businesses and families.”She added: “There cannot be different rules for different people in this country, and former presidents are no exception.”Here’s what we know about how the ruling affects Mr. Trump and his empire:How will he pay the $450 million?Mr. Trump has 30 days to come up with the money or secure a bond.A company providing a bond will essentially assure the State of New York that Mr. Trump has the money to pay the judgments. The bond will prevent authorities from collecting while his appeals are heard.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    New N.Y. Law Mandates More Transparency in Credit Card Surcharges

    The state law, which goes into effect Sunday, requires businesses to include any surcharges in the prices listed for the products or services they sell.A new law going into effect on Sunday will require businesses in New York to clearly post the cost of purchasing items with a credit card, including any surcharges being imposed, for customers before checkout.The law, signed by Gov. Kathy Hochul in December, also prevents businesses from imposing more in credit card surcharges than what they are charged by processing companies.Businesses can choose either to solely display the higher credit card price for the products or services they sell or to list both the credit card price and the lower cash price for the items.The new disclosure requirements will “ensure individuals can trust that their purchases will not result in surprise surcharges,” Ms. Hochul said in a statement this week.“Transparency is crucial in building trust between businesses and communities, and now patrons will be empowered to budget accordingly,” she said.In New Jersey, Gov. Philip D. Murphy signed a similar law last year requiring merchants to notify consumers before checkout about the amount of any credit card surcharges to be applied. It also prohibited merchants from charging consumers more than the processing fee the businesses paid.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    New York Asks Realty Company to Investigate Sexual Assault Allegations

    The state comptroller wants eXp Realty to look into allegations that female real estate agents were drugged and assaulted during company events.The New York state comptroller has asked the real estate brokerage eXp Realty to open an independent investigation into sexual harassment and assault allegations exposed in a New York Times article last month.As New York’s chief fiscal officer, the comptroller, Thomas DiNapoli, is the trustee of the New York State Common Retirement Fund. According to the most recent SEC filing, the pension fund held nearly 27,000 shares of eXp World Holdings, the publicly-held parent company of eXp Realty.In two separate lawsuits, five current and former agents at eXp Realty said that two top agents at the brokerage drugged and them assaulted them at separate eXp recruiting events. Four of them said they were subsequently sexually assaulted, and The Times investigation uncovered a pattern of eXp leadership silencing those who tried to make reports.“The New York Times report raised a huge red flag for us as an investor in that company,” Mr. DiNapoli said in an interview. “We found the allegations very concerning and as a shareholder, we are asking questions. We want a public reporting of their efforts to prevent harassment.”With $2 billion and $90,000 agents, eXp Realty is one of the world’s fastest-growing brokerages. Ariana Drehsler for The New York TimesHe sent a letter to the eXp chief executive, Glenn Sanford, requesting that the company establish an independent committee to look not only into the allegations, but into gaps in policies that may have set the stage for assaults to occur. Mr. DiNapoli wrote that he was concerned about the “legal and reputational risks” presented by the allegations.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    In Race to Replace George Santos, Financial Questions Re-emerge

    Mazi Pilip, the Republican candidate running in New York’s Third District, drew scrutiny after her initial financial disclosure was missing required information.The Republican nominee in a special House election to replace George Santos in New York provided a hazy glimpse into her personal finances this week, submitting a sworn financial statement to Congress that prompted questions and led her to amend the filing.The little-known candidate, Mazi Pilip, reported between $1 million and $5.2 million in assets, largely comprising her husband’s medical practice and Bitcoin investments. In an unusual disclosure, she said the couple owed and later repaid as much as $250,000 to the I.R.S. last year.But the initial financial report Ms. Pilip filed with the House Ethics Committee on Wednesday appeared to be missing other important required information, including whether the assets were owned solely by herself or her husband, Dr. Adalbert Pilip, or whether they were owned jointly.And despite making past statements that she stopped working there in 2021 when she ran for the Nassau County Legislature, Ms. Pilip reported receiving a $50,000 salary from the family medical practice in 2022 and 2023.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    E Jean. Carroll’s Lawyers Ask That Trump Not Make Defamation Trial a ‘Circus’

    The writer next week will seek a second round of damages from the former president for his denials that he sexually assaulted her.A lawyer for the writer E. Jean Carroll, whose latest defamation lawsuit against Donald J. Trump is scheduled for trial next week in Manhattan, asked a judge Friday to ensure that if the former president testifies, that he does not stray beyond the narrow issue in the case, with the goal of “turning this trial into a circus.”“If Mr. Trump appears at this trial, whether as a witness or otherwise,” the lawyer, Roberta A. Kaplan, wrote in a letter, “his recent statements and behavior strongly suggest that he will seek to sow chaos.”In the letter, which comes just four days before jury selection is to begin in Federal District Court, Ms. Kaplan cited Mr. Trump’s continued derogatory public comments about Ms. Carroll and his behavior in another case involving him this week.On Thursday, Mr. Trump attended the final day of trial in the New York attorney general’s civil fraud case against him, where — after the judge allowed him to argue on his own behalf — he attacked the attorney general, Letitia James, called himself the victim of fraud and assailed the judge to his face. Afterward, Mr. Trump told reporters that he also planned to attend Ms. Carroll’s trial.“I’m going to explain I don’t know who the hell she is,” he said. “I have no idea.”But the judge, Lewis A. Kaplan, has already ruled that a jury’s verdict last May in an earlier civil trial, which found that Mr. Trump was liable for sexually assaulting Ms. Carroll in a department store dressing room in the 1990s and had later defamed her, will carry over to the trial next week. The judge thus has limited the trial to one issue — what damages, if any, Mr. Trump must pay Ms. Carroll for defaming her on a separate occasion in 2019 when he called her allegation “totally false.”The request by Ms. Carroll’s lawyer to constrain Mr. Trump, 77, comes as he has lashed out at her while moving among courthouses and political stops in his quest for the Republican presidential nomination. On a single day recently, he issued more than 40 derisive posts about her on his Truth Social website, and last weekend, while campaigning in Iowa, he accused her of fabricating her claim and called the judge in the case a “radical Democrat in New York.”Mr. Trump’s lawyer, Alina Habba, declined to comment on Ms. Kaplan’s letter, citing trial publicity rules. The judge said Friday that Mr. Trump had until Sunday to file a response, and Ms. Habba said she would be doing so.In her letter, Ms. Kaplan (who is not related to the judge) asked that he admonish Mr. Trump about the limited damages issue before the jury. She also asked that he require Mr. Trump to state on the record and under oath, out of the jury’s presence, that he understands that certain facts have been established.“The court’s recent rulings leave no doubt about what is permissible and what is off-limits,” Ms. Kaplan wrote. “Mr. Trump cannot testify that he did not sexually assault Ms. Carroll. He cannot claim that he did not rape her, or did not know her, or had never seen her before. He cannot question or attack her motives for revealing that he had assaulted her. He cannot say that he was defending himself from a false accusation.”The letter asked that Mr. Trump acknowledge he understands and accepts “all of the limits that the court has imposed on his testimony” and will act in accordance.Mr. Trump has been attacking Ms. Carroll, 80, since 2019, when she first accused him of raping her in a book excerpt that appeared in New York magazine. She has sued him twice, and in the first case to go to trial last May, the jury awarded Ms. Carroll damages of just over $2 million for sexually abusing her and nearly $3 million for defaming her, in 2022, when he called her claim “a complete con job” and a hoax.Because the judge found that Mr. Trump’s statements in 2019 were “substantially the same” as those that prompted the defamation award last May, there was no need to revisit the underlying facts of the assault.Ms. Kaplan in her letter included a transcript of Mr. Trump’s remarks on Thursday to the judge who is deciding the civil fraud trial, in which the former president called the state’s case “a political witch hunt” and declared he was innocent.“It takes little imagination to think that Mr. Trump is gearing up for a similar performance here — only this time, in front of a jury,” Ms. Kaplan wrote.Susan C. Beachy More

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    In Iowa, Two Friends Debate DeSantis vs. Trump

    Rob Szypko and Rachel Quester, Paige Cowett and Marion Lozano, Dan Powell and Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicOn Monday, Iowa holds the first contest in the Republican presidential nominating process and nobody will have more on the line than Ron DeSantis. The Florida governor staked his candidacy on a victory in Iowa, a victory that now seems increasingly remote. Shane Goldmacher, a national political reporter for The Times, and the Daily producers Rob Szypko and Carlos Prieto explain what Mr. DeSantis’s challenge has looked like on the ground in Iowa.On today’s episodeShane Goldmacher, a national political correspondent for The New York Times.Gov. Ron DeSantis of Florida speaking in Cumming, Iowa, last week. He has campaigned hard in the state.Scott Morgan/ReutersBackground readingA weak night for Donald Trump? A Ron DeSantis flop? Gaming out Iowa.From December: Mr. Trump was gaining in Iowa polling, and Mr. DeSantis was holding off Nikki Haley for a distant second.There are a lot of ways to listen to The Daily. Here’s how.We aim to make transcripts available the next workday after an episode’s publication. You can find them at the top of the page.Shane Goldmacher More

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    Parenting: A ‘Wonderful and Challenging Adventure’

    More from our inbox:Aligning Election Calendars to Increase TurnoutNatural Gas ExportsEmbracing the Semicolon Illustration by Frank Augugliaro/The New York Times. Photographs by Getty Images/iStockphotoTo the Editor:I was moved by “I Wrote Jokes About How Parenting Stinks. Then I Had a Kid,” by Karen Kicak (Opinion guest essay, Dec. 25).I have marveled at my child and couldn’t bring myself to complain about night waking or tantrums. I stayed quiet at birthday parties when parents lamented missing out on adult time and said they wanted to get away from their children. I felt so proud of my daughter and wanted to be around her all the time, yet I learned to push that part down.Ms. Kicak is right that when we downplay our parenting skills and our child’s greatness we rob ourselves of joy.Our self-effacing language may be an attempt to cover up how proud we actually are of our kids. We may also be preemptively self-critical to avoid feeling judged by other parents.These insecurities are getting in the way of celebrating together, and Ms. Kicak reminds us what we need to hear, that we’re “doing great.” She calls us to nudge the pendulum back so we can balance the real challenges of parenting with its tender and fleeting glow.Maybe we could connect more deeply if we allowed ourselves to communicate the parts of ourselves that love being a parent, too. I hope we can, before our little ones grow up.Elaine EllisSan FranciscoThe writer is a school social worker.To the Editor:Many thanks to Karen Kicak for her essay about parenting and positivity. When I was in sleep-deprived chaos with two small children, my neighbor, a public school art teacher and artist, asked how I was doing. I replied, “Surviving,” and she replied, “Ah, well, I think you are thriving.” That kind comment made me look at all the good things going on and made a world of difference.I too make only positive comments to parents. Thank you again for reminding people that kind and reassuring words go a long way in helping parents feel confident and supported by their community.Angel D’AndreaCincinnatiTo the Editor:I appreciate Karen Kicak’s piece about our culture’s overemphasis on the negatives of being a parent. It goes along with the focus on children’s “bad behaviors,” as people define them, which parents use to shame and ridicule their kids, even though they are still developing into who they will become. As if children are bad people all the time.Life is good and bad, easy and hard. So is motherhood. Why not note the deepest joys of this remarkable, intimate relationship alongside recognition of how hard it can be? We owe that to mothers. Admiring the love and care and pleasures and new identities that motherhood offers does not have to negate how hard it can get at times.I tell parents, “Enjoy this wonderful and challenging adventure of parenthood.” It is both of those things.Tovah P. KleinNew YorkThe writer is the director of the Barnard College Center for Toddler Development and the author of “How Toddlers Thrive.”Aligning Election Calendars to Increase Turnout Carl Iwasaki/Getty ImagesTo the Editor:Re “A New Law Will Help Bolster Voting in New York,” by Mara Gay (Opinion, Dec. 27):For every one person who votes in the mayoral general election, two vote in the presidential election. That’s a statistic that should concern anyone who cares about our local democracy.Last month, New York took a big step toward addressing this when Gov. Kathy Hochul signed legislation moving some local elections to even-numbered years. Aligning local races with federal or statewide races that typically see higher voter turnout will increase voter participation, diversify our electorate and save taxpayer dollars.Los Angeles held its first election in an even-numbered year in November 2022 and saw voter turnout nearly double. Other cities that have made the move have seen similar turnout gains. Research shows that this reform helps narrow participation gaps, particularly among young voters and in communities of color.Unfortunately, the New York State Legislature cannot shift all elections on its own, but lawmakers have committed to passing more comprehensive legislation through a constitutional amendment that moves local elections to even years across the entire state. That would include municipal elections in New York City.Good government groups must continue to advocate this reform, which would create an elections calendar that better serves voters and strengthens our local democracy.Betsy GotbaumNew YorkThe writer is the executive director of Citizens Union and a former New York City public advocate.Natural Gas ExportsA Venture Global liquefied natural gas facility on the Calcasieu Ship Channel in Cameron, La. The company wants to build a new export terminal at the site.Brandon Thibodeaux for The New York TimesTo the Editor:Re “Decision on Natural Gas Project Will Test Biden’s Energy Policy” (front page, Dec. 27):The Biden administration has a choice to make on climate policy: achieve its policy goal or continue to rubber-stamp gas export terminals. Rarely in politics is a choice so straightforward. In this case, it is.It’s simple. The fossil fuel industry is marketing liquefied natural gas (L.N.G.) as “natural.” It’s a “transition fuel,” they say. It’s not. It’s mostly methane, one of the most potent greenhouse gases. The gas may emit less smoke and particulate matter than coal, but exporting it causes more greenhouse gas emissions.One of the latest reports on U.S. gas exports by Jeremy Symons says that “current U.S. L.N.G. exports are sufficient to meet Europe’s L.N.G. needs.” So why approve more plants? In the same report, it’s also revealed that if the administration approves all of the industry’s proposed terminals, U.S.-sourced L.N.G. emissions would be larger than the greenhouse gas emissions from the European Union.How can we add another emitter of greenhouse gases — one that would be a bigger contributor than Europe! — and meet the administration’s climate goals? We can’t.It’s time to embrace science, stop listening to the industry’s marketers and say “no, thank you!” to more gas.Russel HonoréBaton Rouge, La.The writer is the founder and head of the Green Army, an organization dedicated to finding solutions to pollution.Embracing the Semicolon Ben WisemanTo the Editor:Re “Our Semicolons, Ourselves,” by Frank Bruni (Opinion, Dec. 25):I feel like Frank Bruni when he writes about how he prattles on “about dangling participles and the like.” My students must also “hear a sad evangelist for a silly religion.”In more than three decades as a writing professor, I require my students to read my seven-page mini-stylebook, “Candy Schulman’s Crash Course in Style.” My mentor used to chastise me in red capital letters in the margins of my essays. “Between You and I?” he’d write; finally, I metamorphosed from “I” to “me.”Notice the semicolon I just used? I love them, like Abraham Lincoln, who respected this “useful little chap.”Kurt Vonnegut, however, felt differently. “Do not use semicolons,” he said. They represent “absolutely nothing. All they do is show you’ve been to college.”Until the day I retire, I will continue to teach my students that proper writing is not texting — where capitalization, punctuation and attention to spelling are discouraged.As colleges de-emphasize the humanities, I’ll still be preaching from the whiteboard of my classroom, drawing colons and semicolons to differentiate them, optimistically conveying my joy for proper grammar. Between you and me, I’m keeping the faith.Candy SchulmanNew YorkThe writer is a part-time associate writing professor at The New School. More

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    How to Boost Voter Turnout With Just One Signature

    In a rare bit of political good news in the final days of 2023, Gov. Kathy Hochul of New York has signed into law legislation aimed at increasing voter turnout.For so many people, the temptation to tune out in this moment of uninspiring politics is stronger than ever. But in Albany, as in Washington, one of the clearest ways to build a saner, more responsive political system is to vastly increase the number of voters who cast ballots.The bill enacted by Ms. Hochul and the State Legislature would do just that, by moving many county and local elections across New York to even-numbered years, aligning them with federal, statewide and State Legislature elections that draw more voters to the polls.Abysmally low turnout in New York is a key culprit behind Albany’s dysfunctional politics, which sometimes seem mystifyingly divorced from the urgent needs of millions of residents. Consider, for example, the state’s failure over the past year to address a brutal housing crisis by adopting policies to build housing in the New York City suburbs and enact protections for tenants such as requiring a good cause for evictions.When smaller numbers of people show up at the polls, elections are less competitive, enhancing the power of special interests — from donors to industry lobbyists and the so-called NIMBYs who have resisted the development of much-needed housing across New York State.The research backs this up. One report, from the Manhattan Institute, a conservative think tank, found that changing local elections to coincide with national elections led to more accountable and responsive government and saved taxpayers money.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More