The thought, featuring a yellow-feathered university president putting on a miner’s hat to cruise deep water in her cage:
The toy: a thought bubble for bathtub play after the day’s dirty work hedging the fund:

Meanwhile, far below, the musicians tune up for the last dance, which (for the convenience of the men of first class who will shortly be boarding the lifeboats) is to be held en travesti. Letter to the editor, New York Times 4 August 2016:
It is time for responsible Republicans to abandon the sinking ship into which Donald Trump is poking holes and set about fine-tuning their primary system to prevent this travesty from happening again.

Jason D. Greenblatt, Donald Trump’s lawyer, sends a threatening letter to Trump’s ghostwriter.
Source: Jane Mayer, “Donald Trump Threatens the Ghostwriter of ‘The Art of the Deal,'” The New Yorker 20 July 2016. http://www.newyorker.com/news/news-desk/donald-trump-threatens-the-ghostwriter-of-the-art-of-the-deal