Headlines of the day: Oh, isn’t that rich? Really rich


“That” being the Trump cabinet.

First from the Washington Post:

Donald Trump is assembling the richest administration in modern American history

  • Trump is putting together what will be the wealthiest administration in modern American history. His announced nominees for top positions include several multimillionaires, an heir to a family mega-fortune and two Forbes-certified billionaires, one of whose family is worth as much as industrial tycoon Andrew Mellon was when he served as treasury secretary nearly a century ago.
  • Rumored candidates for other positions suggest Trump could add more ultra-rich appointees soon.
  • Many of the Trump appointees were born wealthy, attended elite schools and went on to amass even larger fortunes as adults. As a group, they have much more experience funding political candidates than they do running government agencies.

And from BBC News:

Trump assembles America’s ‘richest cabinet’

  • US President-elect Donald Trump took a populist tone on the campaign trail, pledging to stand for a beleaguered working class abandoned by the elite.
  • Mr Trump, of course, brings immense wealth to his new role. The property tycoon’s worth is estimated at $3.7bn (£3bn) by Forbes magazine, with more than 500 businesses in his empire.
  • But he might not be the richest member of his team. His nominee for education secretary, Betsy Devos, is the daughter of Richard DeVos, who founded the Amway retail giant. Forbes puts their family wealth at $5.1bn.
  • Next up is Wilbur Ross, the president-elect’s pick for commerce secretary. Forbes puts the wealth of Mr Ross, who headed Rothschild Inc’s bankruptcy practice before starting an investment firm, at $2.5bn.
  • Mr Ross’s deputy will be Todd Ricketts, co-owner of the Chicago Cubs baseball team, who has an estimated wealth of $1.75bn.

Finally, the front page headline on the New York Times:

Trump Cabinet Choices Signal Embrace of Wall St. Elite

  • Donald J. Trump picked Steven Mnuchin, a hedge fund manager, to run the Treasury and Wilbur L. Ross Jr., a billionaire investor, to head the Commerce Department.
  • The choices have been cheered by investors, but they stand in stark contrast to the populist campaign that Mr. Trump ran.

And while not headlines, two of this morning’s tweets from Sen. Bernie Sanders add some perspective:

blog-sanders-cabinetblog-sanders-rigged

As does the editorial cartoonist of the Los Angeles Times:

David Horsey: Trump gets comfy in the Washington swamp

blog-horsey

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