The annual Al Smith Dinner is a longstanding event where various influential figures from finance, politics, and government gather to raise money for catholic charities in New York City. It is known for its formal dress code and lighthearted atmosphere, with jokes being a mainstay during the event. In presidential election years, the candidates are invited as headliners to throw zingers at each other in a friendly manner. However, in 2016, Donald Trump’s entry into politics changed the dynamics of the event with his sharp elbows and unconventional behavior.
As the upcoming Al Smith Dinner approaches, there is speculation about whether both Donald Trump and Kamala Harris will attend. While it is expected that Trump will be present, there are doubts about Harris, who may find reasons to skip the event to avoid facing Trump in a potentially challenging situation. Harris has a history of avoiding confrontation, such as her limited participation in formal interviews and debates. Despite agreeing to just one formal debate with Trump, the informal nature of the Al Smith Dinner could present a different kind of challenge for her.
The history of the Al Smith Dinner includes memorable moments between presidential candidates, such as the exchange between Trump and Hillary Clinton during the 2016 event. The tension between the candidates was evident as they exchanged witty remarks with underlying hostility. There is anticipation about whether a similar dynamic will unfold between Harris and Trump at this year’s dinner, with attendees curious about the potential for humor and tension during their interaction.
The Alfred E. Smith Memorial Foundation Dinner is sponsored by the New York Archdiocese and is named after the former governor of New York who was also the first Catholic to be nominated for president. In 2020, the event was held remotely due to the COVID-19 pandemic, preventing Trump from making jabs at Joe Biden. However, with the possibility of an in-person dinner this year, there is speculation about how Trump and Harris will interact if they both attend, considering their contrasting personalities and approaches to public appearances.
In a separate matter, Citigroup, a major global bank, recently made headlines for cutting 65 people from its US anti-money-laundering operations. This move comes despite the bank’s troubled past involving money laundering issues and a $400 million fine paid to the federal government in 2020. The decision to reduce staff in this critical area raises concerns about the bank’s commitment to preventing illegal activities within its operations and the potential risks associated with such cuts.
Citigroup’s restructuring efforts, including job cuts and relocation of anti-money-laundering positions to cheaper locations, are aimed at reducing costs and increasing profitability. However, critics argue that these measures may weaken the bank’s ability to combat financial crimes effectively and may have long-term consequences. Despite the bank’s reassurance that it remains committed to preventing money laundering, the recent staff cuts and changes in operations have raised questions about the prioritization of financial stability over regulatory compliance.
