Business
Trump to retake stand in New York fraud trial on December 10, 2023 at 11:00 am Business News | The Hill

Donald Trump will give the final word in his defense against claims his business engaged in a decade of fraud as the New York trial threatening his business empire nears its end.
The former president is expected to take the witness stand for a third time Monday, this time under questioning from his own legal team.
In testimony last month during the state’s case, Trump defended his business practices by downplaying key financial documents and declaring the trial corrupt. His fiery testimony often grew political, more akin to a stump speech than a direct examination as he railed against the judge and New York attorney general whom he decried as “frauds” and “political hacks.”
“It’s a disgrace that a case like this is going on; all you have to do is read the legal scholars — the papers — and you’ll know,” Trump testified in November, raising his voice. “This is a political witch hunt.”
But with Trump’s counsel steering the questioning this time, the former president will have significantly more latitude to set the narrative and espouse his side of the story.
Throughout the defense case, which began in mid-November, several witnesses reprised previous testimony while offering up their own spin.
The first time Donald Trump Jr. testified in the New York attorney general’s case, he distanced himself from documents at the heart of the case – his father’s statements of financial condition, which detail the value of the Trump Organization’s various assets and were sent to banks and insurers to secure loans and deals. New York Attorney General Letitia James’s (D) lawsuit claims the Trump Organization falsely adjusted the value of its assets to receive tax and insurance benefits.
A defendant in the case, Donald Trump Jr. said he did sign off on Trump’s financial statements while his father was president. However, he said he counted on the work of accountants and executives like then-Chief Financial Officer Allen Weisselberg to be correct.
“As a trustee, I have an obligation to listen [to] those who are expert — who have an expertise of these things,” Donald Trump Jr. testified.
But when he testified again in the defense case, the key financial statements were hardly the focus of his testimony. Instead, Donald Trump Jr. walked Judge Arthur Engoron through a glossy slideshow titled “The Trump Story” — a flashy narration of the Trump Organization’s origin story, complete with sleek photographs of the company’s luxury golf courses and hotels. Notably glossed over were the valuations of those properties.
Jeff McConney, the Trump Organization’s ex-corporate controller and another defendant in the case, had similarly variant testimonies when called as a state versus defense witness.
McConney’s testimony was used as a vehicle for state lawyers to show evidence that Trump’s statements of financial condition were integral to some loan deals. He also said he believed Trump reviewed those documents before they were finalized, linking Trump to the skewed documents.
But McConney’s testimony for the defense focused far less on logistics. Nearly in tears, he testified to the exhaustion caused by the Trump Organization’s barrage of legal issues, which ultimately led the 36-year veteran of the company to retire in February.
“I’m very proud of the work that I did,” McConney said before detailing all the investigations and legal proceedings he’s been pulled into.
“I just wanted to relax and stop being accused of misrepresenting assets for the company that I loved working for,” he said.
When Trump retakes the stand, arguments he attempted to make while testifying for the state could be bolstered and reframed after other defense witness testimony backed him up.
Several Deutsche Bank executives, for example, affirmed defense arguments including that the bank wanted to work with the Trump Organization, did its own due diligence and found no fraud. Trump made those points in his own testimony.
“Banks check the work,” Trump testified, arguing that his statements of financial condition weren’t just taken at face value by the bankers with which Trump Organization executives worked.
Deutsche Bank Managing Director David Williams’s testified last month for the defense that bankers viewed their clients’ statements of financial condition as “subjective or subject to estimates” — and, that the bank took its own look at reports of net worth.
“I think we expect clients’ provided information to be accurate,” Williams said. “At the same time, it’s not an industry standard that these statements be audited.”
“They’re largely reliant on the use of estimates,” he added, so bankers routinely “make some adjustments.”
It’s all-but inevitable that Trump’s inflammatory political rhetoric will surface again, as well.
In the month since he testified, Trump and his counsel have been locked in a battle with the trial judge, whom they claim has been biased against them from the start. The dispute began after Engoron imposed a gag order on Trump and his lawyers barring them from publicly discussing the judge’s staff.
The order doesn’t prevent Trump’s team from criticizing the judge himself or James, the state’s top prosecutor. Nonetheless, that contention has placed Engoron directly in Trump’s line of fire on social media and in person. During his testimony last month, Trump lambasted the judge as “Trump hating” and questioned his impartiality.
The former president’s legal team attempted to delay his testimony until after their appeal of the gag order plays out, but the judge forcefully denied that effort.
“He is not capable of fully testifying because he is subject to the gag order,” Trump attorney Chris Kise argued, according to ABC News.
“Absolutely not. No way. No how. It’s a nonstarter,” Engoron said.
Trump’s third round of testimony – following a judge-ordered stint on the witness stand over a violation of the gag order and his examination by the state – could also give insight into how he’ll behave as his criminal trials get underway in the new year.
The former president faces a combined 91 charges across four criminal cases, the first of which is expected to head to trial in Washington on March 4.
The Associated Press contributed.
Business, Court Battles, News, New York, Trump civil fraud trial, Trump Organization Donald Trump will give the final word in his defense against claims his business engaged in a decade of fraud as the New York trial threatening his business empire nears its end. The former president is expected to take the witness stand for a third time Monday, this time under questioning from his own legal…
Business
Harvard Grads Jobless? How AI & Ghost Jobs Broke Hiring

America’s job market is facing an unprecedented crisis—and nowhere is this more painfully obvious than at Harvard, the world’s gold standard for elite education. A stunning 25% of Harvard’s MBA class of 2025 remains unemployed months after graduation, the highest rate recorded in university history. The Ivy League dream has become a harsh wakeup call, and it’s sending shockwaves across the professional landscape.

Jobless at the Top: Why Graduates Can’t Find Work
For decades, a Harvard diploma was considered a golden ticket. Now, graduates send out hundreds of résumés, often from their parents’ homes, only to get ghosted or auto-rejected by machines. Only 30% of all 2025 graduates nationally have found full-time work in their field, and nearly half feel unprepared for the workforce. “Go to college, get a good job“—that promise is slipping away, even for the smartest and most driven.
Tech’s Iron Grip: ATS and AI Gatekeepers
Applicant tracking systems (ATS) and AI algorithms have become ruthless gatekeepers. If a résumé doesn’t perfectly match the keywords or formatting demanded by the bots, it never reaches human eyes. The age of human connection is gone—now, you’re just a data point to be sorted and discarded.
AI screening has gone beyond basic qualifications. New tools “read” for inferred personality and tone, rejecting candidates for reasons they never see. Worse, up to half of online job listings may be fake—created simply to collect résumés, pad company metrics, or fulfill compliance without ever intending to fill the role.
The Experience Trap: Entry-Level Jobs Require Years
It’s not just Harvard grads who are hurting. Entry-level roles demand years of experience, unpaid internships, and portfolios that resemble a seasoned professional, not a fresh graduate. A bachelor’s degree, once the key to entry, is now just the price of admission. Overqualified candidates compete for underpaid jobs, often just to survive.
One Harvard MBA described applying to 1,000 jobs with no results. Companies, inundated by applications, are now so selective that only those who precisely “game the system” have a shot. This has fundamentally flipped the hiring pyramid: enormous demand for experience, shrinking chances for new entrants, and a brutal gauntlet for anyone not perfectly groomed by internships and coaching.
Burnout Before Day One
The cost is more than financial—mental health and optimism are collapsing among the newest generation of workers. Many come out of elite programs and immediately end up in jobs that don’t require degrees, or take positions far below their qualifications just to pay the bills. There’s a sense of burnout before careers even begin, trapping talent in a cycle of exhaustion, frustration, and disillusionment.
Cultural Collapse: From Relationships to Algorithms
What’s really broken? The culture of hiring itself. Companies have traded trust, mentorship, and relationships for metrics, optimizations, and cost-cutting. Managers no longer hire on potential—they rely on machines, rankings, and personality tests that filter out individuality and reward those who play the algorithmic game best.
AI has automated the very entry-level work that used to build careers—research, drafting, and analysis—and erased the first rung of the professional ladder for thousands of new graduates. The result is a workforce filled with people who know how to pass tests, not necessarily solve problems or drive innovation.
The Ghost Job Phenomenon
Up to half of all listings for entry-level jobs may be “ghost jobs”—positions posted online for optics, compliance, or future needs, but never intended for real hiring. This means millions of job seekers spend hours on applications destined for digital purgatory, further fueling exhaustion and cynicism.
Not Lazy—Just Locked Out
Despite the headlines, the new class of unemployed graduates is not lazy or entitled—they are overqualified, underleveraged, and battered by a broken process. Harvard’s brand means less to AI and ATS systems than the right keyword or résumé format. Human judgment has been sidelined; individuality is filtered out.

What’s Next? Back to Human Connection
Unless companies rediscover the value of human potential, mentorship, and relationships, the job search will remain a brutal numbers game—one that even the “best and brightest” struggle to win. The current system doesn’t just hurt workers—it holds companies back from hiring bold, creative talent who don’t fit perfect digital boxes.
Key Facts:
- 25% of Harvard MBAs unemployed, highest on record
- Only 30% of 2025 grads nationwide have jobs in their field
- Nearly half of grads feel unprepared for real work
- Up to 50% of entry-level listings are “ghost jobs”
- AI and ATS have replaced human judgment at most companies
If you’ve felt this struggle—or see it happening around you—share your story in the comments. And make sure to subscribe for more deep dives on the reality of today’s economy and job market.
This is not just a Harvard problem. It’s a sign that America’s job engine is running on empty, and it’s time to reboot—before another generation is locked out.
Business
Why 9 Million Americans Have Left

The Growing American Exodus
Nearly 9 million Americans now live outside the United States—a number that rivals the population of several states and signals a profound shift in how people view the American dream. This mass migration isn’t confined to retirees or the wealthy. Thanks to remote work, digital nomad visas, and mounting pressures at home, young professionals, families, and business owners are increasingly joining the ranks of expats.

Rising Costs and Shrinking Wallets
Living in the US has become increasingly expensive. Weekly grocery bills topping $300 are not uncommon, and everyday items like coffee and beef have surged in price over the last year. Rent, utilities, and other essentials also continue to climb, leaving many Americans to cut meals or put off purchases just to make ends meet. In contrast, life in countries like Mexico or Costa Rica often costs just 50–60% of what it does in the US—without sacrificing comfort or quality.
Health Care Concerns Drive Migration
America’s health care system is a major trigger for relocation. Despite the fact that the US spends more per person on health care than any other country, millions struggle to access affordable treatment. Over half of Americans admit to delaying medical care due to cost, with households earning below $40,000 seeing this rate jump to 63%. Many expats point to countries such as Spain or Thailand, where health care is both affordable and accessible, as a major draw.

Seeking Safety Abroad
Public safety issues—especially violent crime and gun-related incidents—have made many Americans feel unsafe, even in their own communities. The 2024 Global Peace Index documents a decline in North America’s safety ratings, while families in major cities often prioritize teaching their children to avoid gun violence over simple street safety. In many overseas destinations, newly arrived American families report a significant improvement in their sense of security and peace of mind.
Tax Burdens and Bureaucracy
US tax laws extend abroad, requiring expats to file annual returns and comply with complicated rules through acts such as FATCA. For some, the burden of global tax compliance is so great that thousands relinquish their US citizenship each year simply to escape the paperwork and scrutiny.
The Digital Nomad Revolution
Remote work has unlocked new pathways for Americans. Over a quarter of all paid workdays in the US are now fully remote, and more than 40 countries offer digital nomad visas for foreign professionals. Many Americans are leveraging this opportunity to maintain their US incomes while cutting costs and upgrading their quality of life abroad.

Conclusion: Redefining the Dream
The mass departure of nearly 9 million Americans reveals deep cracks in what was once considered the land of opportunity. Escalating costs, inaccessible healthcare, safety concerns, and relentless bureaucracy have spurred a global search for better options. For millions, the modern American dream is no longer tied to a white-picket fence, but found in newfound freedom beyond America’s borders.
Business
Will Theaters Crush Streaming in Hollywood’s Next Act?

Hollywood is bracing for a pivotal comeback, and for movie lovers, it’s the kind of shake-up that could redefine the very culture of cinema. With the freshly merged Paramount-Skydance shaking up its strategy, CEO David Ellison’s announcement doesn’t just signal a change—it reignites the passion for moviegoing that built the magic of Hollywood in the first place.

Theatrical Experience Roars Back
Fans and insiders alike have felt the itch for more event movies. For years, streaming promised endless options, but fragmented attention left many longing for communal spectacle. Now, with Paramount-Skydance tripling its film output for the big screen, it’s clear: studio leaders believe there’s no substitute for the lights, the hush before the opening credits, and the collective thrill of reacting to Hollywood’s latest blockbusters. Ellison’s pivot away from streaming exclusives taps deep into what unites cinephiles—the lived experience of cinema as art and event, not just content.
Industry Pulse: From Crisis to Renaissance
On the financial front, the numbers are as electrifying as any plot twist. After years of doubt, the box office is roaring. AMC, the world’s largest theater chain, reports a staggering 26% spike in moviegoer attendance and 36% revenue growth in Q2 2025. That kind of momentum hasn’t been seen since the heyday of summer tentpoles—and it’s not just about more tickets sold. AMC’s strategy—premium screens, with IMAX and Dolby Cinema, curated concessions, and branded collectibles—has turned every new release into an event, driving per-customer profits up nearly 50% compared to pre-pandemic norms.
Blockbusters Lead the Culture
Forget the gloom of endless streaming drops; when films like Top Gun: Maverick, Mission: Impossible, Minecraft, and surprise hits like Weapons and Freakier Friday draw crowds, the industry—and movie fans—sit up and take notice. Movie-themed collectibles and concession innovations, from Barbie’s iconic pink car popcorn holders to anniversary tie-ins, have made each screening a moment worth remembering, blending nostalgia and discovery. The focus: high-impact, shared audience experiences that streaming can’t replicate.
Streaming’s Limits and Studio Strategy
Yes, streaming is still surging, but the tide may be turning. The biggest franchises, and the biggest cultural events, happen when audiences come together for a theatrical release. Paramount-Skydance’s shift signals to rivals that premium storytelling and box office spectacle are again at the center of Hollywood value creation. The result is not just higher profits for exhibitors like AMC, but a rebirth of movie-going as the ultimate destination for fans hungry for connection and cinematic adventure.

Future Forecast: Culture, Community, and Blockbuster Dreams
As PwC and others warn that box office totals may take years to fully catch up, movie lovers and industry leaders alike are betting that exclusive theatrical runs, enhanced viewing experiences, and fan-driven engagement are the ingredients for long-term recovery—and a new golden age. The Paramount-Skydance play is more than a business move; it’s a rallying cry for the art of the theatrical event. Expect more big bets, more surprises, and—finally—a long-overdue renaissance for the silver screen.
For those who believe in the power of cinema, it’s a thrilling second act—and the best seat in the house might be front and center once again.
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