What We're Reading

Morning Reads: Donald Trump’s Running Out of Cash; Banks Lobby Against Warren as VP

A roundup of some of the stories we're reading at BillMoyers.com HQ...

Morning Reads: Donald Trump's Running Out of Cash

Donald Trump speaks during a rally at the Treasure Island Hotel in Las Vegas on June 18, 2016. (JOHN GURZINSKI/AFP/Getty Images)

Rethinking self-financing –> As of the beginning of June, Donald Trump’s campaign had only $1.3 million cash in hand. Compare that with Hillary Clinton’s $41 million. Nicholas Confessore and Rachel Shorey for The New York Times: “Mr. Trump’s fundraising for May reflects his lag in assembling the core of a national finance team. In the same month that he clinched the Republican nomination, Mr. Trump raised just $3.1 million and was forced to lend himself $2 million to meet costs.”

But: Oddly enough, companies bearing the Trump name are being well paid by the campaign. ProPublica’s Derek Willis points out that the candidate has paid more than a million dollars to such vendors, including Trump hotels, restaurants and golf resorts.

And he’ll have two fewer employees to pay –> After a disastrous week, Corey Lewandowski, Trump’s controversial campaign manager, is out. Gabriel Sherman reports for New York magazine that the decision was pushed by Trump’s children: “No matter how rocky things got, Lewandowski’s position was, until recently, strengthened by the fact that Trump was winning. Despite his inexperience and hot temper, he held on to his post because whatever he was doing (or not doing) was working. But now with Trump’s poll numbers falling well behind Hillary Clinton’s, Lewandowski lost his bulwark — and Trump was finally willing to fire him. As one adviser put it to me: ‘The real lesson here is everyone is expendable except for the kids. It’s tribal.'”

Shortly after the firing, another staffer was gone. Hearing the Lewandowski news, another Trump campaign aide, Michael Caputo, sent out a celebratory tweet: “Ding dong the witch is dead.” His resignation quickly followed…

Surprise! Wall Street doesn’t want Elizabeth Warren near the White House –> Ben White at Politico: “Big Wall Street donors have a message for Hillary Clinton: Keep Elizabeth Warren off the ticket or risk losing millions of dollars in contributions. In a dozen interviews, major Democratic donors in the financial-services industry said they saw little chance that Clinton would pick the liberal firebrand as her vice-presidential nominee. These donors despise Warren’s attacks on the financial industry. But they also think her selection would be damaging to the economy. And they warned that if Clinton surprises them and taps Warren, big donations from the industry could vanish.”

All four Senate gun control measures fail –> Jeff Stein and Dara Lind for Vox: “Monday night, the Senate failed to reach the 60-vote threshold for cloture on any of four separate measures: Republican and Democratic versions of a bill addressing background checks failed to reach the 60-vote threshhold for cloture; so did the Republican and Democratic versions of a bill restricting ‘suspected terrorists’ from being able to buy guns. The proposals were offered as amendments to an appropriations bill covering the departments of Commerce and Justice, as well as science and other agencies. But the most interesting thing for the long-term prospects of gun control is that the votes happened at all.”

All of this led writer Kashana Cauley to tweet, “We’re officially down to three branches of government. The executive, the judicial, & the NRA.”

Meanwhile, Lawrence Hurley reports for Reuters, “The US Supreme Court on Monday left in place gun-control laws in New York and Connecticut that ban military-style assault weapons like the one used in last week’s massacre at an Orlando nightclub, rejecting a legal challenge by gun-rights advocates… The justices declined to hear an appeal of an October ruling by the New York-based 2nd US Circuit Court of Appeals that upheld laws prohibiting semi-automatic weapons and large-capacity magazines in the two northeastern states.”

Climate-friendly diet –> Oliver Milman for The Guardian: “The Chinese government has outlined a plan to reduce its citizens’ meat consumption by 50 percent, in a move that climate campaigners hope will provide major heft in the effort to avoid runaway global warming. New dietary guidelines drawn up by China’s health ministry recommend that the nation’s 1.3 billion population should consume between 40g to 75g of meat per person each day. The measures, released once every 10 years, are designed to improve public health but could also provide a significant cut to greenhouse gas emissions.”

In case you were curious: Similar attempts to revise government recommendations for how much meat Americans consume have foundered in the face of lobbying from the meat industry.

True story –> Mohammed A. Malik, a Florida entrepreneur, writes in The Washington Post, “Donald Trump believes American Muslims are hiding something. ‘They know what’s going on. They know that [Omar Mateen] was bad,’ he said after the Orlando massacre… This is a common idea in the United States. It’s also a lie. First, Muslims like me can’t see into the hearts of other worshipers. (Do you know the hidden depths of everyone in your community?) Second, Trump is wrong that we don’t speak up when we’re able.

“I know this firsthand: I was the one who told the FBI about Omar Mateen.”

Morning Reads was written by John Light and edited by Michael Winship. See a story that you think should be included in Morning Reads? Tell us in the comments!

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