January 02, 2020

Michael Bloomberg has an emoluments problem
A President Michael Bloomberg would have a lot of divesting to do.Bloomberg, a former mayor of New York City and current Democratic presidential candidate, has several business stakes in China, which translate into a sizeable amount of revenue for Bloomberg LP. And as The Washington Post reports, those holdings pair up nicely with his relatively soft — and sometimes even complimentary — takes on China's leadership.While Bloomberg has stepped down from running his company as he campaigns for the presidency, he still has an 88 percent ownership stake in Bloomberg LP. The company brought in $10 billion in annual revenue in 2018, of which a full 1 percent came from China. Another 4 percent came from Hong Kong. That's a total of $500 million from the country — a number that might surpass the Trump Organization's entire revenue for 2018.Even before Bloomberg's possible nomination, his investments in China seem to be taking a toll. He's called China's Vice President Wang Qishan "the most influential political figure in China and in the world" who has led China "through a period of extraordinary growth," the Post notes. And when asked about ongoing pro-democracy protests in Hong Kong, Bloomberg said he believed China's President Xi Jinping "is not a dictator" and "has to satisfy his constituents or he's not going to survive."Bloomberg has said he'll either sell his company or put it in a blind trust if he's elected. But President Trump has come under fire for potential emoluments clause violations even though he's also put the Trump Organization in a revocable trust under his son's purview, posing a perhaps even bigger problem for Bloomberg down the road.More stories from theweek.com The booming stock market shows America is diseased Trump gave 'clear direction' to hold Ukraine aid, says White House official in uncovered documents Trump's 'greatest honors' include a bill by Bernie Sanders and John McCain, signed into law by Obama
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Jana Kramer Files for Divorce From Mike Caussin | E! News
April 21, 2021
vSoWIa9vk_c
Twin Dental Treatment, Fivesome Fight & Naked Bummer Bites
April 21, 2021
_8bjrKQBK18
Billionaires in Kim's DMs, No Ring No Post & Naomi's House Rules
April 21, 2021
FMUPPj2DE1g
Netflix Stock Plummets on Sharp Decline in Subscriber Growth in Q1
April 21, 2021
YaL2lD1r9H0
Whoopi Goldberg Reacts to Her 1991 Oscar Win for 'Ghost'
April 21, 2021
--IVuzMP9cI
Annie Awards - Live Stream
April 14, 2021
KTe8oO0GoWU
Jacob Blake's Happy for George Floyd's Family, Calls for More Justice | TMZ
April 21, 2021
Rmt2YMuGy1s
Philonise Floyd Says George Would Be 'Just Another Dead Man' Without the Video | TMZ
April 21, 2021
Qb-6EHRUseE
Colton Underwood Hangs Out at Denver Gay Bar with Olympian Pal | TMZ TV
April 20, 2021
EV70fu1gKVw
Top interior designer lists her NYC masterpiece home for $8.5M | Page Six Celebrity News
April 22, 2021
aOrvWgzA7kE
Teresa Giudice shares intimate details of new romance on ‘RHONJ’ | Page Six Celebrity News
April 22, 2021
DFFBoblaHcQ
Kim Kardashian’s barely-there dress is ‘not for you to understand' | Page Six Celebrity News
April 22, 2021
rDOZwV-Vw3Q
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
19
Nov
ASIAN CHAMPIONS LEAGUE: Group H
Sydney FC - Shanghai SIPG
17
Nov
UEFA NATIONS LEAGUE A: Group Stage
Spain - Germany
14
Nov
UEFA NATIONS LEAGUE A: Group Stage
Germany - Ukraine
08
Nov
ENGLAND: Premier League
Manchester City - Liverpool
08
Nov
ENGLAND: Premier League
Arsenal - Aston Villa
08
Nov
SPAIN: La Liga
Valencia - Real Madrid
08
Nov
ITALY: Serie A
AC Milan - Verona
08
Nov
ENGLAND: Premier League
West Bromwich Albion - Tottenham Hotspur
08
Nov
ITALY: Serie A
Bologna - Napoli
08
Nov
ITALY: Serie A
Genoa - Roma
08
Nov
ITALY: Serie A
Atalanta - Inter Milan
08
Nov
ITALY: Serie A
Lazio - Juventus
08
Nov
GERMANY: Bundesliga
Bayer Leverkusen - Borussia Monchengladbach
08
Nov
ENGLAND: Premier League
Leicester City - Wolves
08
Nov
GERMANY: Bundesliga
Wolfsburg - Hoffenheim
08
Nov
SPAIN: La Liga
Real Valladolid - Athletic Bilbao
08
Nov
SPAIN: La Liga
Levante - Alaves
08
Nov
SPAIN: La Liga
Real Sociedad - Granada CF
08
Nov
ITALY: Serie A
Torino - Crotone
08
Nov
SPAIN: La Liga
Getafe - Villarreal
07
Nov
GERMANY: Bundesliga
Borussia Dortmund - Bayern Munich
07
Nov
ENGLAND: Premier League
Everton - Manchester United
07
Nov
ENGLAND: Premier League
Chelsea - Sheffield United
07
Nov
SPAIN: La Liga
Atletico Madrid - Cadiz
07
Nov
SPAIN: La Liga
Barcelona - Real Betis
07
Nov
GERMANY: Bundesliga
Augsburg - Hertha Berlin
07
Nov
GERMANY: Bundesliga
Stuttgart - Eintracht Frankfurt
07
Nov
GERMANY: Bundesliga
RB Leipzig - SC Freiburg
07
Nov
ENGLAND: Championship
Rotherham - Preston NE
07
Nov
ITALY: Serie A
Parma - Fiorentina
07
Nov
ENGLAND: Championship
Watford - Coventry
07
Nov
ENGLAND: Championship
Norwich City - Swansea City
07
Nov
ENGLAND: Championship
Blackburn - QPR
07
Nov
ENGLAND: Championship
Derby County - Barnsley
07
Nov
ENGLAND: Championship
Huddersfield - Luton
07
Nov
ENGLAND: Championship
Nottingham Forest - Wycombe Wanderers
07
Nov
ENGLAND: Premier League
West Ham United - Fulham
07
Nov
ENGLAND: Championship
Sheffield Wednesday - Millwall
07
Nov
ENGLAND: Championship
Brentford - Middlesbrough
07
Nov
ENGLAND: Championship
Birmingham - Bournemouth
07
Nov
SPAIN: La Liga
Sevilla - Osasuna
07
Nov
ITALY: Serie A
Benevento - Spezia
07
Nov
ENGLAND: Premier League
Crystal Palace - Leeds
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Ferencvaros - Juventus
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Barcelona - Dynamo K.
03
Nov
CHAMPIONS LEAGUE: Group stage, Group A
Salzburg - Bayern Munich
03
Nov
CHAMPIONS LEAGUE: Group stage, Group D
Atalanta - Liverpool
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.