faces

Healey faces £35bn Budget challenge to meet spending pledges, says think tank

Chancellor John Healey is facing a funding gap of up to £35bn and must set out “credible” spending plans in his first Budget on 28 October, an influential think tank has warned.

The Institute for Fiscal Studies (IFS) said that if the government wants to increase defence spending to 3% of national income by 2030 and lift health spending without squeezing other departments, it will need a “top-up” of billions of pounds.

Higher inflation, caused by the Iran war, could eat into what the government hoped to spend on public services, meaning Healey will have to choose between spending cuts, tax rises, or a mixture of both, the IFS warned.

The Treasury declined to comment on “rumour and speculation”.

The IFS urged the government to ensure its spending plans are credible, as opposed to proposing unrealistic future cuts to make the Budget add up.

The government is under growing pressure to show financial markets that it has a tight grip on finances as the cost of borrowing rises.

The IFS cautioned Healey about making any spending announcements in the 28 October Budget speech he has no intention of honouring.

“A ‘steady-as-she-goes’ Budget is not an option available to the chancellor,” said IFS director Helen Miller.

“Choosing to stay the course with the inherited tax and spending plans would mean allowing inflation to blow departments’ spending plans off course.

“Simply pencilling in implicit cuts that he has no intention of delivering would make the Budget a work of fiction,” she added.

Speaking ahead of the annual International Monetary Fund meeting this week, Healey said: “The consequences of conflict in the Middle East and Europe are hitting countries worldwide, leading to higher prices at the pumps and more expensive mortgages at home.

“But Britain and our allies can face up to these challenges together.”

He said his Budget “will build on this approach with fiscal discipline helping to deliver economic resilience” and give people “breathing space”.

Miller told the BBC’s Today programme that Healey has inherited spending plans for government departments where spending growth would slow in the coming years.

“[It] already looked likely that he would have to make spending cuts just to live within those,” she said. “Now, along comes the Middle East war, inflation goes up and those spending plans look very tight indeed.”

Added to that, the chancellor has said he wants to get defence spending up to 3% of national income. Under Keir Starmer’s leadership, Healey resigned as defence secretary in June in a battle with the Treasury over military spending.

Miller said: “You put all that together, if he wanted to do all of that within current spending plans he’s looking at having to cut some other services by something like £35bn.”

The chancellor does not have to address spending totals in this Budget, and may choose to leave such decisions until future events – for example, next year’s Spring Statement or Spending Review – by which time the outlook for the economy could look very different.

But the IFS warned not addressing it would cast doubt on the credibility of the government’s plans.

Previous chancellors have relied on a similar strategy of pencilling in unrealistic future spending plans to ensure that they meet the fiscal rules on the day – only to change the plans further down the line.

Miller said Healey’s focus on fiscal discipline was a “good first start but what he needs to do is not just say he’s going to cut borrowing in coming years but actually deliver on those plans.”

Source link

Trump’s memorial arch faces a new lawsuit from Arlington County, Virginia

The Arlington County Board in Virginia filed a lawsuit Thursday opposing the construction of the Triumphal Arch, becoming the first governmental body to take legal action against President Trump’s planned monument.

The lawsuit, filed in the Eastern District of Virginia, criticized the speed at which the project slated for Memorial Circle has moved without going through the full review process.

“The National Park Service, the agency responsible for projects on national park land such as Memorial Circle, is proceeding full-speed toward ground-disturbing construction,” the lawsuit said. “Although the agency has claimed that a final decision to construct the Arch has not yet been made and purports to be engaged in a routine decisional process, that rushed process appears to be a pretext designed to shore up justifications for building the Arch in accordance with the President’s repeated marching orders.”

The lawsuit asks that “the agency’s feverish pace toward construction of the arch” be halted to ensure that the requirements of the National Environmental Policy Act be followed and proper analysis and testing be done.

“The Arlington County Board has filed this lawsuit because our community has the most to lose from this egregious and unlawful proposed project,” Arlington County Board Chair Matt de Ferranti said in a statement. He added that the county has acted in good faith in the review process, pointing out the “severe, unique, and wide-ranging negative impacts” the project will have on the county and its residents, only to see them ignored.

Memorial Circle sits on federal parkland west of the Potomac River across the Memorial Bridge and immediately adjacent to Arlington County.

The county is being represented in the lawsuit by legal advocacy group Democracy Forward.

White House spokesman Davis Ingle said the Trump administration and White House have been “fastidiously compliant with all procedural and legal requirements and are certain this meritless and dilatory lawsuit will be dismissed.”

The arch will become one of the world’s most iconic landmarks, he added. “It will enhance the visitor experience at Arlington National Cemetery for veterans, the families of the fallen, and all Americans alike.”

The lawsuit came a day after the Association of Flight Attendants-CWA President Sara Nelson expressed concerns that the 250-foot arch compounds multiple safety issues that she said have gone unaddressed since a deadly January 2025, crash over the Potomac River that killed 67 people. Nelson also criticized Trump’s plan to turn the arch into “a top grade military complex” able to host drones and snipers while storing ammunition.

Though the arch has received early approval from the U.S. Commission of Fine Arts, whose members were all tapped by Trump, a group of three veterans and an architectural historian sued in federal court in Washington, D.C., saying the project needs to be approved by Congress. The judge in that lawsuit said the administration must give the court 48 hours before undertaking any activities related to or in preparation for construction of the arch.

The arch is one of several projects around Washington that Trump has undertaken as he remakes the city, from renovating one of its storied public golf courses to threatening to demolish the John F. Kennedy Center for the Performing Arts.

Fields writes for the Associated Press.

Source link

Northern Ireland’s Sinn Fein faces police probe as protest tensions fester | Protests News

Opposition unionists call for the prosecution of Sinn Fein lawmakers who participated in the protest.

Northern Irish police have contacted representatives of Sinn Fein in an investigation into a protest that blocked a Protestant parade from marching through a Catholic area, the party said.

The Sinn Fein party leads Northern Ireland’s power-sharing government alongside its main pro-British rival, the Democratic Unionist Party (DUP), which has called for Sinn Fein lawmakers to be prosecuted.

Recommended Stories

list of 3 itemsend of list

In a statement posted to Facebook on Thursday, Sinn Fein confirmed “that a number of its representatives and party members received correspondence” from police.

“Sinn Fein will continue to stand with the Garvaghy Road residents who should be allowed to live in peace and free from sectarian intimidation,” the party said in the statement.

It added they have “stood with residents of the Garvaghy Road for the last two weeks in the face of provocation and the threat of an unwanted Orange march through their community”.

March permitted

Northern Ireland’s High Court permitted the Protestant Orange Order to march on the Catholic Garvaghy Road for the first time in 28 years.

Police opened an investigation into what they called the unlawful protest of the march, and said people reasonably suspected of committing offences will receive letters for interviews.

Sinn Fein First Minister Michelle O’Neill and Sinn Fein President Mary Lou McDonald participated in the protests.

The DUP called for O’Neill and other lawmakers to be prosecuted.

“A political title is not a shield, and no one is above the law,” the party said in a statement on Thursday.

Before the Good Friday Agreement was signed, annual attempts by the Orange Order to march through the area triggered unrest across the British-run region until the route was banned in 1998.

The standoff has become a political crisis in Northern Ireland, affecting the region’s power-sharing government.

Source link

Erling Haaland faces injury scare ahead of Man City vs Liverpool | Football

The Manchester City star asked to be substituted and was replaced in the 67th minute of the 2-1 defeat in Porto.

Norway coach Stale Solbakken has revealed that he had a “heart-to-heart conversation” with Erling Haaland regarding concerns about the striker’s heavy workload ahead of a Nations League loss to Portugal, in which the Manchester City star asked to be substituted.

Haaland gestured to Norway’s bench that he needed to come off and was replaced in the 67th minute of the 2-1 defeat in Porto on Sunday.

Recommended Stories

list of 4 itemsend of list

He was seen limping on the field in advance of the substitution, raising concerns about his fitness before his return to City — a club under heavy scrutiny as the subject of a huge financial scandal in the Premier League.

Norway's forward #09 Erling Haaland asks for substitution during the UEFA Nations League Group 4 football match between Portugal and Norway at Dragao stadium in Porto on October 3, 2026.
Norway’s Erling Haaland asks for substitution during the match against Portugal [AFP]

Speaking after the Portugal match, Solbakken did not say Haaland had sustained an injury but talked about the heavy workload the striker had been facing after playing the full game in each of Norway’s first three Nations League fixtures — a win over Denmark and losses to Portugal and Wales.

That came after a busy start to the English season with City, after reaching the World Cup quarterfinals with Norway over the summer.

“He [Haaland] was tired against Wales. That’s why we had a heart-to-heart conversation yesterday. We went through the possible options,” Solbakken said in quotes carried in the Norwegian media.

“He might have played the last 45 minutes against Portugal. That was a discussion. But he has very bad vibes and feelings about it … I am very pleased that he managed to pull out 60 good minutes.”

Haaland did not score on Sunday or against Wales on Thursday — the two games Norway has played since the verdict by an independent commission on City’s financial case was published. He had scored in the first two games in this international break and is on a record 65 goals in 59 appearances for his country.

Haaland is the only senior, out-and-out striker in City’s squad whose first match back after the internationals is at Liverpool on Sunday.

“He plays pretty much everything on the club team,” Solbakken said.

Source link

Photos: Kashmir’s Dal Lake faces environmental and climate challenges | Environment News

Dal Lake in Srinagar, the heart of tourism and cultural life in Indian-administered Kashmir, is slowly giving way under mounting population and environmental pressures.

Once renowned for its clear waters, floating gardens and houseboats, the lake is now clogged with untreated sewage, plastic waste and rampant weed growth, even as thousands of residents and businesses rely on it for transport and their livelihoods.

Unregulated construction along its shores, land encroachment and the expansion of nearby neighbourhoods have reduced its surface area and further damaged its fragile ecosystem.

The impact of climate change, including erratic rainfall and rising temperatures, is accelerating the lake’s decline.

Despite periodic clean-up campaigns and official conservation schemes, the future of Dal Lake remains uncertain, reflecting a wider environmental crisis across the Kashmir Valley.

Source link

Paramount’s David Ellison faces daunting challenges in Hollywood

Last week’s settlement of the antitrust lawsuit between state attorneys general and Paramount Skydance over its planned merger with Warner Bros. Discovery marked a clear victory for David Ellison.

If approved by a judge, the settlement would clear the way for the emerging Hollywood mogul to complete the blockbuster $111-billion purchase after months of uncertainty over whether the deal would overcome intense opposition in Hollywood.

What’s more, Ellison achieved the settlement without having to agree to any so-called structural remedies that California Atty. Gen. Rob Bonta had been seeking.

But Ellison can hardly rest on his laurels. The Paramount Skydance chief executive will have to work hard to repair badly frayed relations with Hollywood talent who fiercely opposed the consolidation of two historic studios as a bad deal for workers. And the 43-year-old tech scion will be constrained by some of the terms that were imposed in the consent decree negotiated with Bonta and other attorneys general.

“I don’t envy David Ellison. You bought this ship, now you’ve got to sail it. And you’re facing threats on all fronts: bad will, everybody rooting for you to fail and operating a business in an incredibly uncertain, challenging time,” said Gabriel Kahn, a professor at the USC Annenberg School for Communication and Journalism. “At the same time, you are going to have to mortgage everything to make these debt payments.”

As part of the deal, Paramount agreed to a slate of requirements that, if it fails to deliver, could induce financial penalties, litigation and other costs.

For one thing, Paramount would have to pay a penalty and divest the Miramax film studio if it does not distribute 30 or more films a year in theaters.

The studio also pledged to spend $300 million more each year on film production in the U.S. and further boost its film spending if the federal government adopts a film tax credit of at least 20%; it agreed not to sell or close its lot on Melrose or the Warner Bros lot in Burbank and to operate them “in a manner consistent with past practices,” until 2031.

Additionally, Paramount is required to establish a board to ensure editorial independence for CNN and CBS News, though it will be appointed by Paramount directors with the authority to remove its members.

Beyond attempting to smooth the industry’s many ruffled feathers, Hollywood’s newest mogul must now also wrestle down an astonishing $80 billion in debt accrued as a result of this highly leveraged merger.

Ellison’s father, billionaire Larry Ellison, late last year agreed to backstop the $47 billion in equity needed to complete the acquisition. Royal families from Saudi Arabia, Qatar and Abu Dhabi have agreed to contribute another $24 billion for an equity stake by assuming some of Ellison’s financial commitments.

The months-long battle was bitter and hard fought and enmity within the industry has yet to subside.

On Tuesday, the morning after Bonta announced the settlement agreement, protesters converged outside of Paramount Skydance’s Melrose Avenue gate criticizing the deal. Some held fake gravestones that read: “RIP local business,” “RIP crew call” and “RIP creativity.”

Two days later, a coalition of several groups including the Committee for the First Amendment, filed an amicus brief asking the court to reject the consent decree, saying that it failed to address the anti-competitive concerns of the state attorneys general and would not protect jobs or consumers.

The sense of betrayal was acute.

“Hate to say it but we all got played,” wrote actor Mark Ruffalo, a leading organizer in Block the Merger, a grassroots organization made up of 1st Amendment advocates and Hollywood celebrities who aggressively opposed it, in a post on X.

Sen. Elizabeth Warren (D-Mass.) repudiated the deal, saying in a statement. that it “enables a handful of billionaires to call the shots in the media.”

The entertainment unions struck more cautionary notes.

SAG-AFTRA, the actors union, wrote in a statement that the deal “addresses some of our deep concerns,” but added, “We hope that the process of engaging with the attorneys general has impressed upon them the fact that in addition to collective bargaining, our members rely on the law to help protect our interests. These are the lowest standards that our employers must meet.”

Bonta, who had spearheaded the antitrust suit, gave a tepid endorsement of the consent decree.

“I want to be clear about something right up front: This settlement is not a vote of support for this merger. It is not a blessing,” he said.

During Paramount’s heated and often contentious legal and political wrangling to wrest control of Warner Bros., many in Hollywood became increasingly apprehensive. Combining two legacy studios, opponents feared, would bring even more job losses to an industry already battered by runaway production.

The skepticism hardened as the Ellisons made several controversial moves after Skydance acquired Paramount last summer. They included agreeing to pay $16 million to settle a lawsuit filed by President Trump over a “60 Minutes” interview segment, canceling the “Late Show With Stephen Colbert,” ending diversity, equity and inclusion programs and appointing Bari Weiss as editor in chief of CBS News, who engaged in a wholesale overhaul that led to a revolt at the esteemed “60 Minutes.”

When the newly formed Paramount Skydance announced its intention to swallow up Warner Bros. Discovery just months later, a massive wave of political pressure and public backlash began.

But the Ellisons dug in.

In January — after Netflix threw a surprise wrench into the Ellisons’ designs on Warner Bros. by offering $72 billion, which the studio accepted — Paramount took Warner Bros. to court and launched a hostile takeover bid.

A month later, Netflix walked away from the deal and collected a $2.8-billion termination fee after the Warners’ board agreed to Paramount’s higher all-cash bid.

But many in Hollywood began agitating against the planned merger and pushing for guardrails and protections.

In April, Block the Merger released an open letter declaring their opposition; its list of professionals across the film and television industry eventually swelled to nearly 6,000 names, including Ruffalo, Jane Fonda, Ben Stiller, Sofia Coppola, Trey Parker and Denis Villeneuve.

“The future of free media and a strong entertainment industry in America is at stake here,” said Norm Eisen, co-founder and executive chair of Democracy Defenders Fund, who also helped lead the Block the Merger campaign.

The Writers Guild of America sued to stop the deal, saying it violated antitrust laws. The union last week settled its lawsuit, citing the costs of continuing the litigation, after Paramount agreed not to lay off writers at CBS Broadcast News for years and to pay $17.5 million to the union’s health fund. Nonetheless, the guild said: “We continue to believe the merger will cause damage to writers and the industry at large.”

Some backed the megadeal, including power broker Ari Emanuel.

The WME executive and chairman and CEO of TKO came out swinging, excoriating the antitrust suit, in an op-ed for the Wall Street Journal in July. “They say they are protecting competition. Their actions threaten to destroy it,” he wrote.

The Ellisons’ ongoing ties with Trump — whose administration has clashed with ABC, CNN and other networks — only deepened the suspicions.

Oracle co-founder Larry Ellison has been a Trump supporter and friend. In addition to political donations, he participated in a Nov. 14, 2020, conference call that discussed ways to challenge Trump’s presidential election defeat.

Both Ellison and his son David reportedly promised the president they would make “sweeping” changes at CNN, which is owned by Warner Bros. Discovery.

In June, David Ellison attended the “UFC Freedom 250” event hosted by Trump on the South Lawn of the White House, and last week he was a guest at the White House state dinner honoring Chinese President Xi Jinping.

Amid the high-level public-facing Trump engagements, Paramount had been quietly trying to allay fears about the relationship to industry insiders.

Two individuals in the entertainment industry, who declined to be named for fear of retaliation, said that Paramount sent emissaries to extend a kind of olive branch, explaining their commitment to Hollywood and downplaying the relationship as a necessary step to get the deal done.

In August, Ellison published an op-ed in the New York Times in which he extolled his lifelong love of movies and laid out his case that he could be “trusted as a steward” of the media giant he was amassing, that includes two institutional news organizations (CBS and CNN) and the legacy studios he wished to combine.

However, his seemingly conciliatory message was undercut that same month when he threatened to relocate Paramount’s base to Tennessee or Texas. Ellison built his Skydance production in Santa Monica.

Across the industry, workers viewed the mixed messaging with wariness and anger.

“If Ellison truly wants to be a steward and do the things that he said he can do and wants to do in that article, I think people would welcome it,” said Pamala Buzick Kim, a co-founder of Stay in LA, the 23,000-member grassroots campaign aimed at boosting local film and television production. “They just have no evidence of it.”

Aside from the bad blood, Ellison’s biggest challenge may be financial.

At a time of massive industry upheaval, most observers believe that the company will have to lay off droves of workers to bring its costs down.

“I will honestly say that the biggest work that they have cut out for them is servicing this debt, and that’s going to guide every decision,” said Kahn, the USC professor.

“Now they’re going to have to fire lots of people in order to reduce costs to be able to make this deal pencil out, and they’re going to be skating on the razor’s edge to make sure that they have enough revenue coming in going forward to service this debt. They have almost no room to maneuver.”

But Paramount has one thing working in its favor: leverage. David (as in Ellison), for better or worse, is now the industry’s Goliath.

“I think temper tantrums can be easily forgotten if the work is there,” said Buzick Kim. “I think most people would be happy to leave it behind them — if the work is there.”

Times staff writers Meg James, Stephen Battaglio and Samantha Masunaga contributed to this report.

Source link

Bill makes arts funding more accessible; LAUSD stills faces lawsuit

More state money to pay for arts teachers will reach local schools if legislation signed Sunday by Gov. Gavin Newsom works out as intended, but the new law will not resolve a lawsuit accusing the Los Angeles school district of misspending as much as $77 million in its share of the funding.

The aim of Assembly Bill 2440 is to encourage more school systems to use arts funding made available through Proposition 28, which voters passed in November 2022.

“The clear message we heard was that many school districts have been struggling to navigate legal ambiguity regarding compliance with Proposition 28,” said bill author Al Muratsuchi (D-Rolling Hills Estates) in a recent statement to The Times. He said his goal was to provide “statewide guidance” so that all or most school systems could use the money without concern over violations of spending rules that could result in financial penalties.

Proposition 28 sets aside an amount equal to 1% of the state’s base education funding — close to $1 billion per year — to increase arts education. This extra funding is drawn down from the state’s general fund — so it adds to the total allotted for education.

The initial funding, nearly a billion dollars statewide, went out for the 2023-24 school year and has continued annually. But millions of dollars have not yet been spent, according to early reviews of the data.

Some local officials said they were holding back over concerns that they would inadvertently violate the rules for spending the money — and would then have to pay it back, creating significant financial risk.

This bill had backing from arts organizations, education and school district officials and the California Teachers Assn. No opposition was recorded in the legislative record; nor were there any opposing votes as the bill worked its way through the legislative process.

But then Austin Beutner — the author of Proposition 28 — learned of the measure and stepped forward with concerns. He contendedthe bill would make using the arts money easier, but in wrong ways. He said the bill would undermine the guarantee that new arts funding would reach every school. Also it would in effect eliminate the provision that campuses serving low-income communities receive higher levels of new funding. Moreover — and of key importance — the legislation would allow districts to use the new arts money to replace existing arts funding, leaving students no better off than before, he said.

Beutner had structured Proposition 28 precisely to prevent this supplanting of funds. Districts not willing to provide the required increased instruction at every school would, by design, lose access to the new arts money.

Beutner began to rally opposition, including United Teachers Los Angeles, L.A. mayoral candidate Nithya Raman and San Diego school board President Richard Barrera, who is running for state superintendent of public instruction — and who has the endorsement of the California Teachers Assn.

Beutner also announced his attention to file litigation against the bill.

Muratsuchi said he had no intent to undermine the goals of Proposition 28 — and a compromise soon emerged.

The final version — which has Beutner’s approval — clarifies that small schools or small school districts can pool their money to share an arts teacher, provided that every school gets the additional arts instruction. The bill also gives some legal protection for school districts against financial penalties if their arts funding decreases as a result of factors beyond their control, such as the expiration of a grant.

An LAUSD lawsuit continues

Beutner alleges that L.A. Unified has intentionally misused the new arts money.

Beutner pursued passage of Proposition 28 after serving as superintendent of L.A. Unified. His stint ended in mid-2021 with the expiration of a three-year contract.

“LAUSD has done exactly what the law prohibits,” Beutner alleged in an ongoing lawsuit filed in February 2025. “It has eliminated existing funding sources for existing art teachers, and replaced those funds with Proposition 28 funds, thereby violating the requirement that the funds supplement rather than supplant existing sources.”

The lawsuit lists 37 elementary schools with the same or reduced money for arts instruction from 2022-23 to 2023-24 — when the new funding first arrived — and alleges that most L.A. Unified schools faced a similar funding situation.

Before the lawsuit, but in response to growing criticism, L.A. Unified officials quietly added $30 million to the elementary school arts budget for the 2024-25 school year amid ongoing accusations from Beutner, union leaders and parents.

The district has defended its actions.

“We continue to follow implementation guidance as provided by the state of California to ensure that we are fully complying with the requirements of Prop. 28,” the district said in a statement at the time of the lawsuit, a contention that it has made repeatedly.

Source link

Former Kosovo President Hashim Thaci faces verdict for alleged war crimes | The Hague News

Prosecutors have requested a 45-year jail sentence for Thaci and three wartime commanders accused of war crimes.

The Kosovo war crimes tribunal will on Wednesday deliver its verdicts in the case of former President Hashim Thaci and several wartime commanders accused of murder and torture during the self-declared republic’s break from Serbia.

Thaci, 58, is facing several counts of war crimes and crimes against humanity, including murder, torture and persecution, along with three former commanders from the ethnic Albanian Kosovo Liberation Army (KLA), a separatist militia that fought Serbian troops.

Recommended Stories

list of 3 itemsend of list

Thaci and the other former high-ranking commanders, Jakup Krasniqi, Rexhep Selimi and Kadri Veseli, deny the charges.

Prosecutors have requested 45-year prison sentences for each of the men.

The case is extremely contentious within Kosovo, where Thaci remains a revered figure for many Kosovan Albanians due to his role in the 1998-99 independence war.

On Saturday, tens of thousands gathered in the capital, Pristina, to call for their acquittal in the latest of several rallies since the trial began. Portraits of the four former KLA fighters have been plastered across the city along with a huge digital clock counting down to the verdicts.

“In the name of the people, declare them innocent,” one banner read.

According to prosecutors, the men targeted political opponents and civilians perceived as collaborators and traitors during their time in the KLA.

Thaci’s lawyers argued in February there is no evidence that directly links him to any of the crimes.

“There are no orders in the record from Thaci to perpetrators of crimes. There are no reports from perpetrators of crimes to Thaci,” lawyer Luka Misetic told judges at the Kosovo tribunal in February.

Most of the 13,000 people who died in the war in Kosovo were ethnic Albanians. A 78-day campaign of NATO air attacks against Serbian forces ended the fighting. About one million ethnic Albanian Kosovars were driven from their homes.

In 2008, Kosovo declared its independence from Serbia, a move that Belgrade refuses to recognise. Ties between Kosovo and Serbia remain tense, despite years of negotiations mediated by the European Union.

Source link

US Kennedy Center faces bankruptcy, Washington Post reports | Donald Trump News

Board of trustees recommending that the main building be closed immediately due to costs, US newspaper reports.

The John F Kennedy Center for the Performing Arts in Washington, DC, is on the brink of bankruptcy and could close as soon as Tuesday, The Washington Post has reported.

According to the report in the United States newspaper on Sunday, the institution’s board of trustees, of which President Donald Trump is the chairman, has argued that putting the president’s name on the facade could be the only way to avoid imminent and “certain fiscal collapse”.

Recommended Stories

list of 3 itemsend of list

The trustees also say the institution will not be able to pay employees or meet maintenance costs within a few weeks.

The assessment was set out in a 57-page report before a special meeting on Tuesday, when the Trump-led board is expected to consider the two main issues affecting the performing arts centre: A financial crisis and a physical one, as the building needs renovation.

The Post reported that board members are recommending that the main building be closed immediately due to costs.

The ⁠Post also said Trump ⁠would help the Kennedy Center if his involvement is acknowledged. The trustees’ report represents “a remarkable new phase in Trump’s takeover of the Kennedy ⁠Center, which has been engulfed by financial turmoil, leadership upheaval and litigation ⁠since he installed himself as chairman ⁠last year”, the paper said.

The Kennedy Center was named in honour of the late US president who championed civil rights before he was assassinated in 1963.

Trump placed himself as chairman of the Kennedy Centre shortly after beginning his second term last year, and in December his hand-picked board voted to rename it the “Trump-Kennedy” Centre, a move later blocked in court.

In response to Trump’s takeover, a host of artists have cancelled concerts, with US media reporting that ticket sales had fallen to their lowest levels since the COVID-19 pandemic.

The Post reported that the centre was expected to collect about $124m of the projected $220m in revenue that it had budgeted, “leaving a roughly $23 million deficit even after substantial spending cuts” this past fiscal year.

It added that a spokesperson for the centre blamed the problems on “financial mismanagement by previous leadership” and said Trump’s name had attracted new donors.

Source link