Russia may face a longer and deeper recession as the impact of US and European sanctions spreads, handicapping sectors that the country has relied on for years to power its economy, according to an internal report prepared for the government.
The document, the result of months of work by officials and experts trying to assess the true impact of Russia’s economic isolation due to President Vladimir Putin’s invasion of Ukraine, paints a far more dire picture than officials usually do in their upbeat public pronouncements. Bloomberg viewed a copy of the report, drafted for a closed-door meeting of top officials on Aug. 30. People familiar with the deliberations confirmed its authenticity.
Two of the three scenarios in the report show the contraction accelerating next year, with the economy returning to the prewar level only at the end of the decade or later. The “inertial” one sees the economy bottoming out next year 8.3% below the 2021 level, while the “stress” scenario puts the low in 2024 at 11.9% under last year’s level.
All the scenarios see the pressure of sanctions intensifying, with more countries likely to join them. Europe’s sharp turn away from Russian oil and gas may also hit the Kremlin’s ability to supply its own market, the report said.
The footage also shows that earlier in January, Cathy Latham, a teacher and then-chairwoman of the county Republican Party, greeted a group of outside data forensics experts when they arrived at the elections office shortly before noon on the day of the alleged breach. Latham has said in sworn testimony that she taught a full day of school that day and visited the elections office briefly after classes ended. She was one of 16 Republicans who signed certificates declaring Trump the rightful winner of the 2020 election as part of the “fake elector” scheme now under investigation by federal and state prosecutors.
The new video adds to the picture of the alleged breach in Coffee County on Jan. 7, 2021, and reveals for the first time the later visits by Logan and Lenberg. It also provides further indications of links between various efforts to overturn the election, including what once appeared to be disparate attempts to access and copy election system data in the wake of Trump’s loss.
Donald Trump once tried to pay a lawyer he owed $2m with a deed to a horse.
The bizarre scene is described in Servants of the Damned: Giant Law Firms, Donald Trump and the Corruption of Justice, a book by David Enrich of the New York Times that will be published next week. The Guardian obtained a copy.
Enrich reports that “once he regained the capacity for speech”, the lawyer to whom Trump offered a stallion supposedly worth $5m “stammered … ‘This isn’t the 1800s. You can’t pay me with a horse.’”
Accounts of Trump refusing to pay legal and other bills are legion. In New York, his business and tax affairs are the subject of civil and criminal investigations. [snip]
Describing “a lawyer at a white-shoe firm” who worked for Trump in the 1990s, Enrich writes: “The bill came to about $2m and Trump refused to pay.
“After a while, the lawyer lost patience, and he showed up, unannounced, at Trump Tower. Someone sent him up to Trump’s office. Trump was initially pleased to see him – he didn’t betray any sense of sheepishness – but the lawyer was steaming.
“‘I’m incredibly disappointed,’ he scolded Trump. ‘There’s no reason you haven’t paid us.’
“Trump made some apologetic noises. Then he said: ‘I’m not going to pay your bill. I’m going to give you something more valuable.’ What on earth is he talking about? the lawyer wondered. ‘I have a stallion,’ Trump continued. ‘It’s worth $5m.’ Trump rummaged around in a filing cabinet and pulled out what he said was a deed to a horse. He handed it to the lawyer.”
His current team of parking garage and insurance attorneys should be forewarned: he may try to pay his legal bills by offering them burial plots at one of his flea- bitten golf clubs.
