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If ordered to pay millions of dollars for defaming someone, most people would learn their lesson and zip it. Not so Donald Trump. Last May a jury in Manhattan determined that he owed E. Jean Carroll, an advice columnist, $5m in damages for sexually assaulting her nearly 30 years ago and then, in 2022, accusing her of making it up. Unbowed by the judgment, he called her a “whack job” on cnn the next day and denied ever having met her (even though they were photographed together). “I have no idea who the hell she is,” he protested.
Mr Trump now has a big new incentive to restrain himself, thanks to a whopping judgment in a separate but related defamation trial. On January 26th a different jury awarded Ms Carroll $83m for another set of insults and denials over the assault, these ones made by Mr Trump in 2019. Punitive damages represented four-fifths of the total—a sum clearly intended to deter the presumptive Republican nominee for president from defaming Ms Carroll again. Her lawyers had asked for $24m in compensatory damages and “an unusually high punitive award”. Mr Trump called the verdict “absolutely ridiculous!” in a social-media post, and vowed to appeal. The sum may well be reduced: calculating reputational harm is inherently subjective. But at least for now the lesson appears to have sunk in. Mr Trump made no reference to Ms Carroll after the trial.
The case stems from an encounter at Bergdorf Goodman, a department store in New York, in the mid-1990s. Ms Carroll alleges that, while they shopped in the lingerie department, Mr Trump pushed her against a dressing-room wall and raped her. In 2019 she published a book describing publicly the attack for the first time. Mr Trump said it never happened and accused her of trying to juice book sales, adding, “she’s not my type.” In 2022 Ms Carroll sued him under a law that allowed sexual-assault victims a one-year window to bring claims outside the statute of limitations. At last year’s civil trial a jury determined that Mr Trump had “sexually abused” Ms Carroll but that he had not raped her. Those findings were not being re-litigated in this case. Lewis Kaplan, the judge who presided over both trials, said there would be no “do-overs by disappointed litigants”.
Mr Trump stayed away from the first trial, but he attended this one and testified, albeit for less than five minutes. Those appearances marked an effort to bring the campaign trail to the courthouse, to underscore the supposed lawfare being waged against him by Democrats (Reid Hoffman, a co-founder of LinkedIn and Democratic donor, helped finance Ms Carroll’s first case). Before Mr Trump’s testimony Judge Kaplan demanded to know exactly what he would say, lest he suggest that the attack never happened.
Sure enough when Mr Trump called Ms Carroll’s account “false” under oath, Judge Kaplan ordered it struck from the record. The defendant’s huffing and puffing—he stormed out during closing arguments—no doubt helped Ms Carroll’s case. “You saw how he has behaved through this trial,” her lawyer told the jury. “Rules don’t apply to Donald Trump.” Judge Kaplan also sparred with Mr Trump’s pugnacious lawyer, Alina Habba, who he warned might spend “some time in the lockup”.
Ms Carroll will not receive the full damages while Mr Trump is appealing against the decision, which may take months. If he has the amount in cash he could pay it to the court, which will hold it during the appeals process (as he did with the previous award to Ms Carroll). Or he could try to secure a loan against his other assets. Much of his money is tied up in property. Mr Trump likes to brag about his wealth—one of the reasons the jury opted to award such a thumping sum in damages.
More legal peril awaits Mr Trump, who stands accused of 91 felonies in four criminal cases. The first, a federal trial over his election interference in 2020, was scheduled to begin in March. But it is on hold until an appellate court rules on Mr Trump’s claim of immunity from prosecution for crimes committed in office.
In the meantime he can expect an even bigger penalty in yet another civil lawsuit in New York related to his real-estate business. In September Arthur Engoron, the judge overseeing that case, agreed with prosecutors that Mr Trump and his firm committed fraud by inflating the value of property to secure better loan terms. Letitia James, the state attorney-general, wants Mr Trump and his co-defendants to be fined $370m and barred from serving as a corporate director in the state of New York.
Judge Engoron will also have to clarify what he intended when he ordered the cancellation of corporate charters that enable the Trump Organisation to operate in the state. His initial ruling was unclear about whether he really meant for Mr Trump’s properties to be sold off and the business wound down. That would be a rare punishment: only a dozen companies in the state have been subjected to it in nearly 70 years. Whatever the penalty, it will probably be paused until Mr Trump appeals against it and the underlying fraud judgment, which will take months. ■
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THERE WAS a time, not long ago, when an important skill for journalists was translating the code in which powerful people spoke about each other. Carefully prepared speeches and other public remarks would be dissected for hints about the arguments happening in private. Among Donald Trump’s many achievements is upending this system. In his administration people seem to say exactly what they think at any given moment. Wild threats are made—to end habeas corpus; to take Greenland by force—without any follow-through. Journalists must now try to guess what is real and what is for show.
THERE WAS a time, not long ago, when an important skill for journalists was translating the code in which powerful people spoke about each other. Carefully prepared speeches and other public remarks would be dissected for hints about the arguments happening in private. Among Donald Trump’s many achievements is upending this system. In his administration people seem to say exactly what they think at any given moment. Wild threats are made—to end habeas corpus; to take Greenland by force—without any follow-through. Journalists must now try to guess what is real and what is for show.
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the U.S. economy added in April.
The unemployment rate held steady at 4.2%. A more encompassing measure that includes discouraged workers and the underemployed also was unchanged, holding at 7.8%.
Worker pay grew more than expected, with average hourly earnings up 0.4% during the month and 3.9% from a year ago, compared with respective forecasts for 0.3% and 3.7%.
“Stronger than expected jobs growth and stable unemployment underlines the resilience of the US labor market in the face of recent shocks,” said Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management.
Nearly half the job growth came from health care, which added 62,000, even higher than its average gain of 44,000 over the past year. Leisure and hospitality contributed 48,000 while social assistance added 16,000.
On the downside, government lost 22,000 jobs as efforts to cull the federal workforce by President Donald Trump and the Elon Musk-led Department of Government Efficiency began to show an impact.
Stock market futures jumped higher after the release as did Treasury yields.
Though the May numbers were better than expected, there were some underlying trouble spots.
The April count was revised lower by 30,000, while March’s total came down by 65,000 to 120,000.
There also were disparities between the establishment survey, which is used to generate the headline payrolls gain, and the household survey, which is used for the unemployment rate. The latter count, generally more volatile than the establishment survey, showed a decrease of 696,000 workers. Full-time workers declined by 623,000, while part-timers rose by 33,000.
“The May jobs report still has everyone waiting for the other shoe to drop,” said Daniel Zhao, lead economist at job rating site Glassdoor. “This report shows the job market standing tall, but as economic headwinds stack up cumulatively, it’s only a matter of time before the job market starts straining against those headwinds.”
The report comes against a teetering economic background, complicated by Trump’s tariffs and an ever-changing variable of how far he will go to try to level the global playing field for American goods.
Most indicators show that the economy is still a good distance from recession. But sentiment surveys indicate high degrees of anxiety from both consumers and business leaders as they brace for the ultimate impact of how much tariffs will slow business activity and increase inflation.
For their part, Federal Reserve officials are viewing the current landscape with caution.
The central bank holds its next policy meeting in less than two weeks, with markets largely expecting the Fed to stay on hold regarding interest rates. In recent speeches, policymakers have indicated greater concern with the potential for tariff-induced inflation.
“With the Fed laser-focused on managing the risks to the inflation side of its mandate, today’s stronger than expected jobs report will do little to alter its patient approach,” said Rosner, the Goldman Sachs strategist.
Friday also marks the final day before Fed officials head into their quiet period before the meeting, when they do not issue policy remarks.