Worth a second glance is Rudy Giuliani defending Donald Trump in response to the media’s ridiculously disingenuous reaction to a leaked Trump tax return for 1995. That return shows a giant net operating loss (NOL) of $916 million from the turmoil that engulfed Mr. Trump in the early 1990s. This loss Mr. Trump may—may—have used to offset his prodigious TV and licensing earnings in later years. It was Mr. Giuliani, in a case...

Source: Wall Street Journal October 04, 2016 22:52 UTC