2020: Trump is amassing money while Democrats are taking potshots at each other

Between Donald Trump’s steady unpopularity and manifest unfitness for office, it’s easy to lose sight of the fact that he is likely to be re-elected. At least according to most electoral models, which find the president cruising toward victory by a “not-trivial margin,” pending some sort of economic catastrophe. Predicting the future is impossible, of course, and betting […]

Facebook’s Zuckerberg Calls for Global Internet Regulations

Facebook Inc. Chief Executive Officer Mark Zuckerberg called for new global regulations governing the internet on Saturday, recommending overarching rules on hateful and violent content, election integrity, privacy and data portability. In a statement that was also published as an op-ed in the Washington Post, Zuckerberg said the company is seeking regulations that would set baselines for prohibited […]

Inversion Alert: Goldman Sachs Joins Chorus Warning Against Yield Curve Panic

Goldman Sachs Group Inc. added its voice to those advising against panic over the inversion of the U.S. yield curve, which has served as a recession warning in the past. The proportion of the yield curve that’s inverted isn’t as high as in past recessions, and part of the reason 10-year Treasury yields have slumped […]

Mueller or not, Trump is still unfit for the White House

He directed a criminal conspiracy to break campaign finance laws. He has used the presidency for personal enrichment. He has undermined democracy. He has damaged America’s global standing. He has lied repeatedly to the American people. He has obstructed justice. (Barr’s statement to the contrary is brief and unpersuasive.) When I wrote a Sunday Review piece earlier […]

30 years on, what’s next #ForTheWeb?

On the World Wide Web’s 30th birthday, our founder and web inventor Sir Tim Berners-Lee reflects on how the web has changed our world and what we must do to build a better web that serves all of humanity. Please share using #Web30 #ForTheWeb. Today, 30 years on from my original proposal for an information management system, […]

U.S. Credit Card Debt Closed 2018 at a Record $870 Billion

U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. “The increase in credit card balances is consistent with seasonal patterns but marks the first time credit card balances […]

As Amazon drops New York project, Ocasio-Cortez…

U.S. Representative Alexandria Ocasio-Cortez wasted no time on Thursday in calling Amazon’s decision to scrap plans to build a major New York outpost with nearly $3 billion in city and state incentives a big victory for progressive politicians. The democratic socialist congresswoman has become the face of the Democratic Party’s ascendant left wing, thanks in […]

On North Korea and Iran, Intelligence Chiefs Contradict Trump

A new American intelligence assessment of global threats has concluded that North Korea is unlikely to give up its nuclear stockpiles and that Iran is not, for now, taking steps necessary to make a bomb, directly contradicting the rationale of two of President Trump’s foreign policy initiatives. Those conclusions are part of an annual “Worldwide Threat […]

Until the Next Crash

The populist revolt is not against the crash, or even its immediate aftermath, but against the nature of the recovery. “OF THE MAXIMS of orthodox finance,” wrote John Maynard Keynes in 1936, “none, surely, is more anti-social than the fetish of liquidity, the doctrine that it is a positive virtue on the part of investment institutions […]

India Is Launching the Largest Basic Income Experiment in History

“With the rise of global inequality, we want to ensure that we bridge the gap.” The small Indian state of Sikkim is about to launch a basic income experiment that will provide cash payments to each of its 610,000 citizens — a pilot that the Washington Post says is the largest basic income experiment in history. “In developed countries, […]