eds. 18, Jun 4 mins
04 mins
Hsquared Magazine
President Trump earns between $100,001 - $1,000,000 in rent from Storage 106 LLC, a business entity which was formed two weeks ahead of the President's inauguration. Storage 106 LLC then transferred power of attorney to the Board of Managers of Trump Parc Condominium.

On Friday, June 16, 2017, President Donald J. Trump’s financial disclosure report was released by the U.S. Office of Government Ethics.

President Trump listed numerous entities as part of the reporting of his employment assets and income for the period. The Office of Government Ethics defines employment related income as that which covers a filer’s “non-investment activities” and retirement accounts.

A filer must report assets related to employment if the value of the asset is greater than $1,000 at the end of the reporting period or if the asset produced income greater than $200 during the reporting period.

According to the President’s report, he earns between $100,001 – $1,000,000 in rent from Storage 106 LLC, an asset valued between $5,000,001 and $25,000,000.

The Donald J. Trump Revocable Trust maintains 100% ownership of Storage 106 LLC.

Storage 106 LLC was incorporated as a domestic limited liability entity in the State of Delaware (File No. 6272813) on January 5, 2017, fifteen days prior to the President’s inauguration.

While New York City’s Finance Department indicates Storage 106 LLC’s deed was filed on January 23, 2017, the documents suggest the deed was initiated a year prior on January 12, 2016.

The deed document records the transfer of a garage and multiple condominium units located at 106 Central Park South from the ownership of Trump Palace/Parc LLC to Storage 106 LLC.

On January 11, 2017, power of attorney for Storage 106 LLC was transferred to the Board of Managers of Trump Parc Condominium.

President Trump signed the deed as both the…


In News and Politics
05 mins
Hsquared Magazine
By DonkeyHotey (Chris Christie - Caricature)
Following a government shutdown ordered by Governor Chris Christie of New Jersey, a photographer for the Star-Ledger captured the governor sunning on New Jersey's closed beaches. Social media took over from there.
By /

New Jersey’s Governor Chris Christie has never been a man held in high esteem for his ability to regulate his disdain for the opinion of the New Jersey residents whom he serves.

In 2010, at a town hall meeting to discuss caps on property taxes, Governor Christie became engaged in an exchange between a New Jersey school teacher and librarian. He told the teacher she had entered education “knowing what the pay was” and to a librarian who had commented that a third of the library’s budget had been cut, he replied, “The State of New Jersey doesn’t print money.”

In 2012, at another public forum, he referred to a Navy Seal as “an idiot”.

In 2013, when challenged by a school teacher who had asked why the Governor had continued to portray New Jersey’s teachers and schools as failing, Christie became angry, pointed his finger in the face of the teacher and responded, “I am tired of you people. What do you want?” (At the time, Christie had initiated $1.6 billion in budget cuts to New Jersey’s educational  system and $2 billion in corporate tax breaks.)

Later in 2013, the Governor’s administration became embroiled in federal investigations after reports surfaced that Governor Christie had ordered the closure of the George Washington Bridge in retaliation against Fort Lee’s mayor, who had failed to publicly endorse Christie’s second term as Governor. Four members of Governor Christie’s administration pled guilty or accepted plea deals in relation to the charges brought by Paul J….

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