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☆ Opinion | The Normal Paths to Beating Trump Are Closing
▼ + stars: | 2023-08-05 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

In the quest to escape Donald Trump’s dominance of American politics, there have been two camps: normalizers and abnormalizers. The first group takes its cues from an argument made in these pages by the Italian-born economist Luigi Zingales just after Trump’s 2016 election. The counterargument has been that you can’t just give certain forms of abnormality a pass; otherwise, you end up tolerating not just demagogy but also lawbreaking, corruption and authoritarianism. The more subtle version of the argument insists that normalizing a demagogue is also ultimately a political mistake as well as a moral one and that you can’t make the full case against a figure like Trump if you try to leave his character and corruption out of it. Trump won in 2016 by exploiting the weak points in this abnormalizing strategy, as both his Republican primary opponents and then Hillary Clinton failed to defeat him with condemnation and quarantines, instead of reckoning with his populism’s substantive appeal.

Persons: Donald Trump’s, Luigi Zingales, Silvio Berlusconi, Zingales, Berlusconi’s, ”, “, Trump, Hillary Clinton Organizations: Republican Locations: Italian

☆ How Elon Musk upended Twitter and his own reputation in 6 months as CEO
▼ + stars: | 2023-04-27 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

But it’s not clear just how and when Musk might return Twitter to growth. Musk’s primary plan to grow Twitter’s business through an overhauled subscription strategy has resulted in much chaos but only a limited number of actual subscriptions. In the process, Musk has also upended his own reputation. Disrupting the digital town squareFor years, what differentiated Twitter from other social platforms was that it served as a central hub for real-time news. Tesla (TSLA) shareholders recently complained to the company’s board that Musk appears “overcommitted.”“His reputation has been diminished significantly with Twitter … and once you lose it, it’s very difficult to recover,” Klepper said.

☆ Great Fraud Reckoning Will Expose Scam Companies, Cause Stock Market Chaos
▼ + stars: | 2023-01-31 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Get ready for what will feel like an inescapable wave of corporate fraud. And as interest rates have risen, the stock market has fallen off — which makes it harder to get dollars by whipping up new investors or offering stock. Despite Scheck's assertion that the risk of a wave of corporate fraud has heightened, he didn't want to speak in historical analogies. Kreuger had managed to hide that he had stretched the company's finances beyond solvency by raising money on the US stock market while it was raging. That may have been enough when the stock market was on a heater and investors were winning, but it's not enough when the stock market is falling, the economy is slowing, and everyone from regulators to lawmakers to kids on TikTok want answers.

☆ Fraud Economy: How Current Economic Trends Lead to More Corporate Scams
▼ + stars: | 2023-01-31 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Get ready for what will feel like an inescapable wave of corporate fraud. And as interest rates have risen, the stock market has fallen off — which makes it harder to get dollars by whipping up new investors or offering stock. Despite Scheck's assertion that the risk of a wave of corporate fraud has heightened, he didn't want to speak in historical analogies. There be icebergsOf course, there's also fraud that goes undetected in times of easy money — companies where the very act of existing means stretching the truth. Kreuger had managed to hide that he had stretched the company's finances beyond solvency by raising money on the US stock market while it was raging.

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