Trump’s Opportunity Zones are emerging as a huge scandal, a giveaway to the rich, often those with political connections. Here are three stories, in order of their appearance. First, about the CEO of @UnderArmour propublica.org/article/trump-…
1/ We’re posting @propublica ‘s audited financials for calendar 2018 today, as we do every year, so this seems a good moment for a mini-rant on the limits of GAAP accounting for non-profit news ow.ly/VwAz50ug1DC
@propublica 2/ As you’ll see, revenue, per the financials, fell 39% YOY, while expenses rose 31%. Yikes, right? But revenues actually received during the year rose to a new high, at roughly $30.2 million. So what’s up?
@propublica 3/ GAAP accounting is good for all sorts of things, but not helpful here. That’s because it places all revenue from multi-year grants in the year the grants are made.
So @GovMattBevin is back, with a defense of why he’s not dog-whistling anti-Semitism in which he can’t manage to use the word “Jewish”, and with all sorts of accusations of partisanship by @ProPublica. What he doesn’t offer are facts, so maybe a few of those are worth adding:
So far, the reaction of the White House press corps (and their editors) to the banning of Acosta has been entirely rhetorical. That seems to me a potentially historic error.
The impetus for talking loudly but carrying no stick has been that actually doing something might help Trump politically. But it is emphatically not the job of the press to play politics.
What is the plan for when Trump concocts an excuse for vetoing a reporter from the NYT or WaPo? Surely we must realize that if it works with CNN, this will just be the first time, and not the last.