Blair Effron: How CEOs Are Navigating Trump-Era Policies
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Trump Hides Obama, Bush Portraits in Obscure White House Stairwell
Apparently Donald Trump doesn't want the public to see reminders of his immediate predecessors when they visit the White House. Portraits of former presidents Barack Obama, George W. Bush, and George H.W. Bush have been relocated from prominent public display to the top of a staircase that few people can access, CNN reported. According to two CNN sources familiar with the matter, Trump ordered staff to put Obama's portrait at the top of the Grand Staircase that leads to the White House residence, an area only a few White House staff and Secret Service agents can access. One of those sources also said that both Bush portraits now reside in the same staircase. This counters decades of precedent and White House protocol that historically has placed recent former presidents' portraits in places of prominence visible to guests and visitors. This is the second time Trump has relocated Obama's portrait. The first time, he moved it from one side of the White House Grand Foyer to another. In its place, Trump put a painting of himself raising his fist after the assassination attempt in Butler, Penn. The moving of the portraits may reflect Trump's anger with Obama and the Bushes. George W. Bush reportedly commented on Trump's 2017 inauguration, saying, 'That was some weird shit.' He also appeared alongside Obama in a video addressing USAID staffers and thanking them for their work after the Trump administration shut it down. His father, the now deceased George H.W. Bush, called Trump a 'blowhard' and said he voted for Hillary Clinton in 2016. Obama has been openly critical of Trump in his first and second terms. In April, Obama called Trump out for his attacks on universities and law firms as well as his withdrawal from a 'rules-based system' of alliances and global trade. In addition to obliterating norms and blowing up international relations, Trump has undertaken several changes in the White House décor since returning to power. He paved over the historic Rose Garden's grassy lawn with concrete and plans to build a $200 million ballroom that will resemble the style of his Mar-a-Lago resort. He has transformed the Oval Office, covering it in tacky gold leaf accents to match the president's gaudy taste. In June, Trump removed a bust of civil rights leader Martin Luther King, Jr., from the Oval Office. He also removed a pot of Swedish ivy that had been in the room for 50 years. He tripled how many paintings were displayed on the office's walls while adding gilded accents, golden eagle statues, and even cherub figurines from Mar-a-Lago, where Trump spends most of his weekends. More from Rolling Stone Vance Tries to Convince Americans That Trump Wants 'Full Transparency' in Epstein Case Pritzker: Trump Is 'Cheating Americans Out of Their Votes' With Gerrymandering Plans Trump Declares War on Unhoused D.C. Residents: 'No MR. NICE GUY' Best of Rolling Stone The Useful Idiots New Guide to the Most Stoned Moments of the 2020 Presidential Campaign Anatomy of a Fake News Scandal The Radical Crusade of Mike Pence
Yahoo
10 minutes ago
- Yahoo
Dave Ramsey Tells Divorced Dad With 2.25% Mortgage to Take Out HELOC to Get Ex-Wife 'Off Your Back'—But Says He's Keeping the House for the Wrong Reasons
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. It's not every day Dave Ramsey tells someone to take on debt. In fact, his entire brand is built on helping people get rid of it. But when a recently divorced dad called "The Ramsey Show" asking if a home equity line of credit could help him pay his ex-wife her share of the house, Ramsey surprised him with a rare "yes" — followed quickly by a reality check. The caller's situation was tight. He owed his ex-wife $150,000 for her half of the equity in their home. He had $70,000 saved but needed the rest by the end of August. His first mortgage balance was $110,000, the house was worth about $430,000 to $440,000, and his interest rate was a jaw-dropping 2.25 percent. His solution? A HELOC — short for home equity line of credit — which allows homeowners to borrow against the equity in their property and pay it back over time. Don't Miss: . . "I don't tell people to borrow money," Ramsey told him, "but you're already in debt. You're in debt to your ex-wife, and we're going to change that to another kind of debt called a HELOC." In other words, he wasn't advising the caller to pile on more debt, just to restructure the kind he already had. "Get her off your back," Ramsey said. Then he pivoted to the bigger question: "Why are you keeping the house?" The caller explained that he loved the home, wanted to keep his kids in the school district, and thought stability was important for them. Ramsey didn't buy it. "Neither one of them care," he said of the children, ages four-and-a-half and five months. "You're the only one that cares... A 5-month-old does not have any feelings except food and wet diapers." Co-host George Kamel suggested a hybrid approach — take out the HELOC, list the house, and use the sale proceeds to pay it off and put the remainder toward a new place. Ramsey agreed that was worth considering, especially for one very human reason: "Your next wife probably doesn't want to live in the house where your ex-wife used to live in the same bedroom." Trending Now: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. $100k in assets? Maximize saving for your retirement and cut down on taxes: . While Ramsey made it clear the caller could keep the home if he wanted, he stressed that after decades of financial counseling, most people in this situation keep a house for the wrong reasons. "Five years from now," he said, "your world will look completely different. And it probably involves a different house." For homeowners in a time crunch like this caller, a HELOC can be a flexible option. Lenders such as Rocket Mortgage offer traditional revolving HELOCs for those with at least 15 to 20 percent equity, letting borrowers tap into their home's value for large expenses and repay as needed. The company is known for upfront, transparent closing costs — typically between 2 and 5 percent — which can make the process smoother during a stressful financial pivot. In this case, the math made sense. The emotional math was trickier. Ramsey's advice was blunt but compassionate: it's fine to take out the HELOC, fine to sell the house, and fine to move on. What mattered was not clinging to a property out of sentiment when the wiser move might be starting fresh. And while a low mortgage rate is hard to walk away from, Ramsey reminded the caller that sometimes the right decision isn't about the percentage — it's about the peace that comes when the debts, and the baggage, are gone. See Next: . . This article Dave Ramsey Tells Divorced Dad With 2.25% Mortgage to Take Out HELOC to Get Ex-Wife 'Off Your Back'—But Says He's Keeping the House for the Wrong Reasons originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 minutes ago
- Yahoo
Nvidia and AMD to pay 15% of China chip sale revenues to US government, FT reports
(Reuters) -Nvidia and AMD have agreed to give the U.S. government 15% of the revenues from chip sales in China, as part of an arrangement with the Trump administration to obtain export licenses for the semiconductors, the Financial Times reported on Sunday. Reuters could not immediately verify the report. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
