President Trump’s inaugural committee paid Trump International Hotel a total of $700,000 to rent event spaces for four days in January 2017, in spite of internal objections that the $175,000 billed per day was more than double the normal rate. If federal investigators determine the committee paid above market rate, they could charge violations of laws against self-dealing.
Twenty colleges received 28 percent of the $46.73 billion in donations given to universities in 2018, led by Harvard, Stanford, and Columbia universities. The top 20 schools for donations serve just 1.6 percent of the nation’s 19.9 million undergraduate students.
Since 1990, the average PGA Tour driving distance has increased 12 percent to 295.3 yards, rendering some iconic holes—and even whole golf courses—obsolete. The increase, which is attributed to stronger athletes and advances in club and ball design, has sparked a debate over whether the standard golf ball should be altered to intentionally decrease driving distance.
The 400 richest Americans have more wealth than the 150 million adults who make up the bottom 60 percent of the country’s wealth distribution, according to a new study by University of California at Berkeley economist Gabriel Zucman. “U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties,” Zucman writes.
The Washington Post