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If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."
Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, , that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America
In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. Ludwig von Mises From Mises Institute“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen. His free-market policy prescriptions, framed by an economic thinking centered on human behavior and individual choice, were widely considered out of fashion at the time. “That is my jam!” Shapiro said of the Austrian school. “If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother.
Persons: Renato Moicano, , Ludwig von Mises, ” Moicano, Mises, midcentury, influencers, “ Ludwig von Mises, , Tyler Cowen, Marx, Camila Rocha, Moicano, Jair Bolsonaro, Javier Milei, Fabrice Coffrini, Milei, “ Milei, Daniel Raisbeck, Raisbeck, Milton Friedman, ” Mises, El, Nayib Bukele, Amanda Andrade, Rhoades, Rocha, Ben Shapiro, ” Shapiro, It’s, “ you’re Organizations: CNN — Brazilian UFC, Austrian, Mises, , Bloomberg, New York University, Brazilian Center of Analysis, UFC, Economic, Cato Institute, Argentina national, Salvador, Conservative Political, Conference, Mises Institute, Mises Institutes, Fox Business, YouTube Locations: Austrian, United States, South, Central America, American, El Salvador, Argentina, Brazil, Davos, AFP, Milei, Buenos Aires, Mises, National Harbor , Maryland, Washington, Latin America
Once a popular target of jokes about bad fashion (and not just from the evening’s featured comedian host), the White House Correspondents’ Association Dinner has morphed in recent years into a less campy, more staid prelude to the Met Gala, which takes place days later. It’s only fitting, really, given the subtext of journalists being jailed around the world. Still, the bar for serious style has been raised by the mix of media, political and Hollywood figures that populate the guest list. Not that it’s just the celebs au fait with stylists and designer brands who are working the entrances. And whether Lara Trump, sitting with Politico, would represent in MAGA glory.
Persons: Biden, Brandon, John Fetterman, Gisele, Lara Trump Organizations: White, Politico Locations: MAGA
U.S. diplomacy to end the Gaza war and forge a new relationship with Saudi Arabia has been converging in recent weeks into a single giant choice for Israel and Prime Minister Benjamin Netanyahu: What do you want more — Rafah or Riyadh? Do you want to mount a full-scale invasion of Rafah to try to finish off Hamas — if that is even possible — without offering any Israeli exit strategy from Gaza or any political horizon for a two-state solution with non-Hamas-led Palestinians? If you go this route, it will only compound Israel’s global isolation and force a real breach with the Biden administration. Or do you want normalization with Saudi Arabia, an Arab peacekeeping force for Gaza and a U.S.-led security alliance against Iran? And what I find both disturbing and depressing is that there is no major Israeli leader today in the ruling coalition, the opposition or the military who is consistently helping Israelis understand that choice — a global pariah or a Middle East partner — or explaining why it should choose the second.
Persons: Benjamin Netanyahu, Biden, Israel, Organizations: Israel, Hamas, Iran, Palestinian Locations: Gaza, Saudi Arabia, Rafah, Riyadh, Arab, U.S, Israel, East
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow private equity fills the lending gap for commercial real estateGreg Friedman, CEO of Peachtree Group, joins CNBC's 'The Exchange' to discuss how the lending slowdown is creating opportunity for private credit, how his business purchases commercial real estate loans, and more.
Persons: Greg Friedman Organizations: Peachtree Group
Former President Donald J. Trump has vowed to “cancel” President Biden’s policies for cutting pollution from fossil-fuel-burning power plants, “terminate” efforts to encourage electric vehicles, and “develop the liquid gold that is right under our feet” by promoting oil and gas. Those changes and others that Mr. Trump has promised, if he were to win the presidency again, represent a 180-degree shift from Mr. Biden’s climate agenda. When he was president, Mr. Trump reversed more than 100 environmental protections put in place by the Obama administration. Mr. Biden has in turn reversed much of Mr. Trump’s agenda. But climate advocates argue a second Trump term would be far more damaging than his first, because the window to keep rising global temperatures to relatively safe levels is rapidly closing.
Persons: Donald J, Trump, , Obama, Biden Organizations: Trump
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNasdaq CEO Adena Friedman on Q1 results, 2024 IPO landscape and AI impactNasdaq CEO and chair Adena Friedman joins 'Squawk Box' to discuss the company's quarterly earnings results, 2024 IPO landscape, extending trading days, impact of AI, and more.
Persons: Adena Friedman
The Biden administration on Thursday placed the final cornerstone of its plan to tackle climate change: a regulation that would force the nation’s coal-fired power plants to virtually eliminate the planet-warming pollution that they release into the air or shut down. The regulation from the Environmental Protection Agency requires coal plants in the United States to reduce 90 percent of their greenhouse pollution by 2039, one year earlier than the agency had initially proposed. The compressed timeline was welcomed by climate activists but condemned by coal executives who said the new standards would be impossible to meet. also imposed three additional regulations on coal-burning power plants, including stricter limits on emissions of mercury, a neurotoxin linked to developmental damage in children, from plants that burn lignite coal, the lowest grade of coal. The rules also more tightly restrict the seepage of toxic ash from coal plants into water supplies and limit the discharge of wastewater from coal plants.
Persons: Biden Organizations: Environmental, Agency Locations: United States
‘Challengers’: Normcore Clothes on Sweaty Bodies
  + stars: | 2024-04-25 | by ( The Styles Desk | ) www.nytimes.com   time to read: +1 min
This week “Challengers,” Luca Guadagnino’s film about love, lust and tennis, finally hit theaters after being delayed by the actor’s strike last fall. Starring Zendaya, Josh O’Connor and Mike Faist as racket prodigies reunited by fate and tournaments, with costumes by Jonathan Anderson (designer of Loewe, his own JW Anderson line and many Uniqlo collabs), it is a romp through competitions and clothes. Vanessa Friedman Aesthetics — clothes, colors, design — have always been important in Luca Guadagnino’s movies, but “Challengers” is the first time he has collaborated with a single fashion designer: Jonathan Anderson. Jessica Testa Well, it’s not often you see a major fashion designer step into a film costume designer role. VF I loved the whole pop-art aesthetic of the movie, but I can’t say any of the clothes screamed “JWA” to me.
Persons: ” Luca Guadagnino’s, Zendaya, Josh O’Connor, Mike Faist, prodigies, Jonathan Anderson, Loewe, Anderson, Vanessa Friedman, Luca Guadagnino’s, , Jessica Testa, Guy Trebay JWA, Luca, Givenchy, Blake Edwards
The most consequential of the new rules is aimed at nearly eliminating carbon dioxide emissions from the coal plants. Once implemented, the rules are widely expected to result in the shuttering of nearly all the nation’s remaining coal plants by 2040. Here’s what to know about President Biden’s new moves to clean up coal power. There is no widely used technology available to substantially reduce carbon dioxide emissions from power plant smokestacks. The cheapest way to comply may be to just shut down the nation’s roughly 200 remaining coal plants.
Persons: Biden, Biden’s Organizations: Environmental Protection Agency Locations: America, United States
The Meta-morphosis of Mark Zuckerberg
  + stars: | 2024-04-24 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: 1 min
In the run-up to Meta’s first-quarter earnings report this week, a video image of Mark Zuckerberg suddenly started going viral. Not because of the artificial intelligence assistant he was touting or because of the expected ad revenue growth, but because of the silver chain he was wearing around his neck. “Mark Zuckerberg made an announcement about something Meta is doing with A.I., but I could not listen to or retain a second of it because when I look at the Reel of him talking, all I see is necklace,” Amy Odell wrote in her Substack, Back Row.
Persons: Mark Zuckerberg, “ Mark Zuckerberg, Meta, Amy Odell
Their friendship was tested in 2017 when then President Trump supported a blockade of Qatar led by Saudi Arabia and the United Arab Emirates. Before the Oct. 7 attack, the Saudis were in serious talks, led by the United States, to recognize Israel. 8 of 12 Israel has a major incentive to strengthen relations with Saudi Arabia. Saudi Arabia, for its part, would benefit from direct access to the Israeli military and technology sector. In March 2023, China brokered a breakthrough, re-establishing ties between two of the region’s heavyweights, Iran and Saudi Arabia.
Persons: Benjamin Netanyahu, brandished, Jake Sullivan, , frenemies, Israel, Netanyahu’s, Trump, Biden, Saudi Crown Prince Mohammed bin, Prince Mohammed, Bashar al, Assad, Saddam Hussein, Jordan —, hesitantly, Abraham Organizations: of Friends, General Assembly, U.S, America, Hamas, United, United Arab Emirates, Saudi Crown, Arab League, Saudi Arabia, Red Sea, Iranian, Abraham Accords, United Arab, Palestine Liberation Organization, West Bank, Palestinian Authority, The, Trump, Biden, Israel Defense Forces, United Nations, New York, Facebook Locations: India, Persian, Israel, Europe, Iran, United States, U.S, East, China, Russia, Ukraine, Syria, Yemen, Turkey Syria Lebanon Afghanistan Israel Iraq Iran Pakistan Egypt India Qatar Saudi Arabia Sudan Oman, Israel Yemen Turkey Syria Lebanon Afghanistan Israel Iraq Iran Pakistan Egypt India Qatar Saudi Arabia Arabian, Sudan, Sea Oman, Israel Yemen Ethiopia Turkey Syria Lebanon Afghanistan Israel Iraq Iran Pakistan Egypt India Qatar Saudi Arabia Arabian, Sudan Oman, Israel Yemen Ethiopia, Gaza, Qatar, Saudi Arabia, United Arab, Saudi, Tehran, Iraq, Assad, Lebanon, Lebanese, Egypt, Jordan, Bahrain, United Arab Emirates, Morocco, Fatah, Israeli, Turkey, America
Trump Media has warned the Nasdaq market of 'potential market manipulation' of the company's stock by "naked" short selling of shares. The warning came as Trump Media has offered shareholders detailed instructions on how to avoid someone loaning out their DJT shares to short sellers, who then execute trades betting that the price of the stock will fall. Trump Media CEO Devin Nunes, in his letter Thursday to Nasdaq CEO Adrena Friedman, did not directly accuse anyone in particular of naked short selling, which is the sale of stocks without first having borrowed such sales for that purpose. But Nunes, whose company owns the Truth Social app, pointed to circumstantial evidence, which included DJT being in early April the most expensive stock to short in the United States, which he said would give brokers "significant financial incentive to lend non-existent shares." Please check back for updates.
Persons: Devin Nunes, Adrena Friedman, Nunes, DJT Organizations: Trump Media, Nasdaq Locations: United States
Listen to and follow ‘Matter of Opinion’The columnist Thomas L. Friedman joined the hosts of “Matter of Opinion” this week to unpack Israel’s and Iran’s latest attacks, what they mean for Gaza and the implications for the region writ large. Below is a lightly edited transcript of this episode. To listen to this episode, click the play button below.
Persons: Thomas L, Friedman, unpack Locations: Gaza
The Biden administration expanded federal protections across millions of acres of Alaskan wilderness on Friday, blocking oil, gas and mining operations in some of the most unspoiled land in the country. It also announced it would ban drilling in more than half of the 23-million-acre National Petroleum Reserve-Alaska, an ecologically sensitive expanse north of the Arctic Circle. Together, the two moves amount to one of biggest efforts in history to shield Alaskan land from drilling and mining. They are expected to face challenges from industry as well as from elected leaders in Alaska, where oil and gas revenues make up much of the state’s budget and where mining is a main driver of the economy. “Alaska’s majestic and rugged lands and waters are among the most remarkable and healthy landscapes in the world, sustaining a vibrant subsistence economy for Alaska Native communities,” President Biden said in a statement.
Persons: Biden Organizations: Interior Department, and, Petroleum Reserve Locations: Alaska
As an independent candidate for the White House, Robert F. Kennedy Jr., claims he would be the “best environment president in American history,” drawing on his past as a crusading lawyer who went after polluters in New York. But dozens of Mr. Kennedy’s former colleagues at the Natural Resources Defense Council are calling on him to withdraw from the race, in full-page advertisements sponsored by the group’s political arm that are expected to appear in newspapers in six swing states on Sunday. Separately, a dozen other national environmental organizations have issued an open letter calling Mr. Kennedy “ a “dangerous conspiracy theorist and a science denier” who promotes “toxic beliefs” on vaccines and on climate change. People involved in both efforts maintain that Mr. Kennedy cannot win the presidency but could siphon votes away from President Biden and help elect former President Donald J. Trump, who has called climate change a hoax and promised to unravel environmental laws and policies.
Persons: Robert F, Kennedy Jr, Kennedy’s, Kennedy “, , Kennedy, Biden, Donald J, Trump Organizations: White, Natural Resources Defense Locations: New York
Al Drago | Bloomberg | Getty ImagesCitadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq Stock Market which mentioned Citadel Securities and other major market companies after warning of possible illegal short sale trading in DJT shares. "Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," said a spokesperson for Citadel Securities. Citadel Securities' founder and non-executive chairman Ken Griffin is a major donor to Republican candidates — among them the former GOP congressman Nunes. "If he [Nunes] worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do," the spokesperson added. "Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital," Nunes wrote.
Persons: Devin Nunes, Al Drago, Ken Griffin, Nunes, Donald Trump, Pavlo Gonchar, Adena Friedman, Friedman Organizations: Truth, Conservative Political, Bloomberg, Getty, Citadel Securities, Trump Media, Nasdaq, Securities, GOP, Republican, CNBC, Lightrocket, Trump, Trump Media & Technology Group Corp, VIRTU, Jane Street Locations: National Harbor , Maryland, VIRTU Americas
Lieb, having a background in semiconductors and not server management, reached out to his fellow Y Combinator founders for support. After a year and a half of advising at the accelerator, he's stepping up as a group partner, Y Combinator tells Business Insider exclusively. It was never released, but many of the ideas would later come back in the form of Google Photos. From there, he reached into the Y Combinator alumni network to find other promising upstarts. David Lieb, second from left, speaks to a group of Y Combinator founders.
Persons: David Lieb, Lieb, Alex Polvi, Combinator —, Garry Tan, Jared Friedman, Harj Taggar, Michael Seibel, Sam Altman, it's, Y Combinator, " Lieb, Dan Lieb, Y, Xoogler, Patrick, John Collison's, Mixpanel, Jake Mintz, Forbes, Kevin Systrom, Flock, Andy Huibers, Mary, 72m2YgJZq8 — David Lieb, Ryan Peterson, He's Organizations: Apple, Business, Investors, Google Locations: Cloudkick, San Francisco, Silicon Valley, Flexport
The Biden administration is expected to deny permission for a mining company to build a 211-mile industrial road through fragile Alaskan wilderness, handing a victory to environmentalists in an election year when the president wants to underscore his credentials as a climate leader and conservationist. A formal denial of the project would come later this year, they said. The road was essential to reach what is estimated to be a $7.5 billion copper deposit buried under ecologically sensitive land. There are currently no mines in the area and no requests for permits have been filed with the government; the road was a first step. Blocking the industrial road would be an enormous victory for opponents who have argued for years that it would threaten wildlife as well as Alaska Native tribes that rely on hunting and fishing.
Persons: Biden Organizations: Interior Department Locations: Ambler, Alaska
Their tunnel walks have been painstakingly documented; their fits have dominated the draft day conversations for the N.B.A. ; their love of Vuitton and Hermès has been parlayed into brands of their own. draft, following the most-watched women’s college basketball game in history and the most-watched basketball game at any level since 2019, that all changed. Caitlin Clark, Angel Reese and Cameron Brink, among others, saw that style marker and raised it one. Stylists and brands are waking up and reaching out.
Persons: Vuitton, Hermès, Caitlin Clark, Angel Reese, Cameron Brink, , Rickea Jackson Organizations: Los Angeles Sparks
Iran’s missile and drone attack on Israel over the weekend was a game-changing escalation that requires some game-changing rethinking on the part of Israel and its most important ally, the United States. I call it “the three-state solution.”It begins with the recognition that there is probably zero hope for any resolution of the Israeli-Palestinian conflict or the Israel-Iran conflict without leadership change in Tehran, Jerusalem and Ramallah. “This region won’t see any meaningful peace or stability so long as this current government is in power in Tehran,” explained Karim Sadjadpour, an Iran expert at the Carnegie Endowment for International Peace. To paraphrase Shimon Peres about prospects for change in Iran, the good news is there is light at the end of that tunnel. The bad news is that today there is no tunnel.”
Persons: , Karim Sadjadpour, Shimon Peres Organizations: Carnegie Endowment, International Locations: Israel, United States, Iran, Tehran, Jerusalem, Ramallah, Islamic Republic of Iran, Lebanese, Yemenis
New York Supreme Court Judge Juan Merchan is a seasoned jurist who is no stranger to Trump’s orbit. In the lead-up to the start of the trial, Trump fanned the flames on social media with his views on the judge. “Judge Merchan was always well-prepared, accessible, and – most importantly in the Weisselberg matter – a man of his word. Trump also claimed Judge Merchan has ruled against him in pretrial motions “because his daughter makes money by working to ‘Get Trump.’”Loren Merchan has not commented publicly on the case. David Paterson appointed him to the New York State Court of Claims in 2009, the same year he began serving as an acting New York Supreme Court judge.
Persons: Donald, Juan Merchan, Allen Weisselberg, Steve, Trump, Merchan, “ Judge Merchan, ” Nicholas Gravante, Weisselberg, ” Gravante, Judge Merchan, Karen Friedman Agnifilo, Donald Trump, bode, ” Agnifilo, ” Merchan, ’ Trump, Loren Merchan, Joe Biden, didn’t, ‘ Get, ’ ” Loren Merchan, , ” Trump, , Anna Gristina, Timothy Parlatore, “ I’ve, ” Parlatore, Brendan Tracy, ” Tracy, Earl Ward, it’s, ” Ward, Michael Bloomberg, David Paterson Organizations: CNN, The, New, Trump Organization, Trump, Republican, Attorney’s Office, Democratic, Super Liberal Democrat, , ‘ Get Trump, Authentic, Bloomberg News, Manhattan Mental Health, Attorney’s, Bronx Defenders, Mental Health, New York, Court, Democratic Gov, New York Times, Baruch College, Times, Hofstra University Locations: York, Manhattan, , Senegalese, Long Island, New, Bronx, Bogotá, Colombia, United States, New York City, Jackson Heights , Queens, New York
That would be a dangerous misreading of what just happened and a huge geopolitical mistake by the West and the world at large. There must be a consequence for Iran: When the regime fired all those drones and missiles, it did not know that virtually all of them would be intercepted. A missile could have hit al-Aqsa Mosque, one of Islam’s holiest shrines. (You can see pictures online of Iranian rockets being intercepted in the skies right over the mosque.) Another could have hit the Israeli Parliament or a high-rise apartment house, causing massive casualties.
Persons: Syria — Organizations: Israel, West Locations: Iran, Israel, Syria, Jerusalem, Aqsa
Trump’s team is working around the limitations to keep him interacting with voters and donors. As he did during his earlier fraud trial, Trump will seek to ensure he remains front and center. The location was chosen out of convenience, as Trump is expected to stay at Trump Tower during the trial. Some of Trump’s advisers say that his presence in court throughout the trial will continue to benefit him — despite keeping him off the campaign trail. In addition to utilizing his courtroom appearances, Trump will be “driving his message with both in-person and virtual events on court days,” the campaign official said.
Persons: Donald Trump’s, Trump, Trump’s, , galvanize, “ There’s, we’ll, he’s, Joe Biden, Biden, they’ve, Karen Friedman Agnifilo, you’re Trump, you’d, ” Agnifilo, Organizations: CNN, Trump, Republican, Fox News, Garden, Democratic, State, Manhattan Locations: New York, New York City, Pennsylvania, North Carolina, Bronx, Madison, York, Manhattan
Roberto Cavalli, a Life Out Loud
  + stars: | 2024-04-12 | by ( Vanessa Friedman | Jacob Bernstein | ) www.nytimes.com   time to read: +1 min
His animal prints did not always originate from nature but from his own imagination, chimeras of exotic skins that telegraphed excess, sex and aspiration. If Gianni Versace was the id of Italian fashion, Mr. Cavalli made it roar, hitting mass saturation in the late nineties as an antidote to the minimalism of Jil Sander and Helmut Lang. He stepped into the vacuum created by the murder of Mr. Versace in 1997, was further buoyed by the frothy stock market, and soon, Paris Hilton was wearing him. So was Candace Bushnell, creator of “Sex and the City.” Victoria Beckham was a fan during her Posh Spice era. Little wonder he was the main sponsor of the 2004 show at the Metropolitan Museum of Art’s Costume Institute: “Wild: Fashion Untamed” — or that Ben Stiller wore Mr. Cavalli’s designs for “Zoolander,” Mr. Stiller’s fashion satire.
Persons: Roberto Cavalli, Tropez, Gianni Versace, Cavalli, Jil Sander, Helmut Lang, Versace, Paris Hilton, Candace Bushnell, Victoria Beckham, Ben Stiller, , Mr Organizations: City, Metropolitan Museum, Art’s Costume Locations: Italian, Paris
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