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Though industry sources say they aren’t overly concerned about DOGE’s ability to claw back federal loan guarantees, Ramaswamy’s decision to single out the Rivian loan struck some as concerning. But they may face resistance, particularly when it comes to clean energy money included in the IRA. Even though no Republicans voted for the bill, close to 80% of announced clean energy investments are in Republican districts. “It’s a much more targeted and much more urgent effort,” said one clean energy industry insider. We read the papers, we know that the next four years will bring a lot more uncertainty to federal clean energy policy,” said Podesta.

Persons: Vivek Ramaswamy, Donald Trump’s, Biden, Elon Musk, Ramaswamy, ” Ramaswamy, “, ”, incredulously, Rivian, Tesla, Carlos Barria, “ Tesla, Albert Gore, ” Dan Ives, it’s, Ives, Jigar Shah, Mary Anne Sullivan, ‘, there’s, Trump, ” Trump, Russell, that’s, hasn’t, John Podesta, Podesta, we’ve Organizations: CNN, Department of Energy, Department of Government, DOE, Tesla, America, Policy, Emission, Association, Wedbush Securities, Department of Energy’s, Trump’s Energy Department, former Energy Department, Clinton Administration, Biden White, Biden, Congress, Republican National Convention, Management, White, Democratic, Internal Revenue Service, Industry, Energy Department Locations: Washington, Georgia, Palm Beach , Florida, U.S, Clinton

☆ Scott Bessent: CEOs relieved about Trump pick to lead Treasury
▼ + stars: | 2024-11-25 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Business leaders say they are relieved President-elect Donald Trump made a safe choice to lead the Department of Treasury after more unconventional selections to other cabinet posts. Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary, a key position that will face almost immediate deadlines and pressures. “Bessent is reasonable and pragmatic.”JPMorgan Chase CEO Jamie Dimon, one of the most powerful executives on Wall Street, is a fan, too. And for this key position, Trump opted to go with a pick that is not expected to draw a contentious confirmation battle. Trump instead picked Lutnick for Commerce secretary, another key role, though not as prominent as Treasury.

Persons: , Donald Trump, Scott Bessent, “, ”, Jeffrey Sonnenfeld, Jamie Dimon, Dimon, he’s, Jim Rogers, Jim Chanos, Stanley Druckenmiller, George Soros, Trump, Smoot, Hawley, ” Sonnenfeld, Larry Kudlow, Bessent, Biden, Kudlow, Cantor Fitzgerald, Howard Lutnick, Elon Musk, Sonnenfeld, Anthony Scaramucci, Jay Timmons, Mike Pence, ” Timmons, Timmons, Larry Summers, Clinton, CNN’s Fareed Zakaria, Summers, ” Tony Carrk, “ Scott Bessent’s Organizations: New, New York CNN — Business, of Treasury, Democrats, Yale Chief, Institute, JPMorgan, Wall, CNN, Federal Reserve, Congress, National Economic Council, Trump, Commerce, Treasury, Treasury Department, National Association of Manufacturers Locations: New York, ”, China

☆ Why Elon Musk's push to cut federal waste might succeed where others failed
▼ + stars: | 2024-11-15 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Elon Musk and Vivek Ramaswamy are promising to tame the federal government. Substantial changes to the federal budget would most likely require action from legislators, though Trump transition officials are reportedly looking for ways to short-circuit Congress' power over spending. AdvertisementPast presidents have tried to cut the federal budget with mixed successThe federal government isn't a business. AdvertisementClinton took another stab at cutting federal spending and improving government processes with his National Performance Review, which was led and staffed by federal employees instead of the private sector. AdvertisementSocial Security and Medicare are the two single biggest areas of federal spending, and changing them could be politically unpopular.

Persons: Elon Musk, Vivek Ramaswamy, they've, Trump, Reagan, Clinton, Ronald Reagan, Bill Clinton, David Walker, J, Peter Grace, Grace, didn't, Musk, Ramaswamy, Thomas Schatz, hasn't, Lex Fridman's, Veronique de Rugy, —, de Rugy Organizations: Government, Department of Government, Trump, Congress, Government Waste, Grace, Office, Citizens, Securities and Exchange Commission, Federal Aviation Administration, SpaceX, Social, Cato Institute, Social Security, GOP

CNN —President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by reviewing its budget and operations from top to bottom. Details about how the new Department of Government Efficiency, or DOGE, will operate – and how Musk and his co-leader Vivek Ramaswamy will avoid conflicts of interest – remain scarce. Musk also took aim at the Department of Education, a frequent target of Trump and Republicans, criticizing the agency for allegedly indoctrinating kids with left-wing propaganda and other failings. Slashing that much from the federal budget – which totaled roughly $6.8 trillion in fiscal 2024 – would require cutting every program by roughly one-third, said Bobby Kogan, senior director of federal budget policy at the left-leaning Center for American Progress. “Trump’s ‘Department of Government Efficiency’ will not be an actual department.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, ” Musk, Ramaswamy, Musk, ”, “, ” Ramaswamy, Stephen Moore, Elon, Vivek, Moore, Larry Summers, Clinton, Glenn Hubbard, George W, Bush, Bobby Kogan, ” Kogan, Brian Riedl, Riedl, GOP Sen, Rob Portman, Sharon Parrott, Ronald Reagan, Reagan, William Hoagland, Peter G, Peterson, –, Jon Greenbaum, ’ that’s, Harry Sandick Organizations: CNN, Elon, Department of Government, Trump, Republican, White House, SpaceX, Department of Education, of Defense, Veterans Affairs and Homeland Security, Education Department, Labor Department, FBI, Nuclear Regulatory Commission, Heritage Foundation, US, of Economic, American, Security, Social Security, Manhattan Institute, GOP, ‘ Department, Government, White, White House & Congress, Congressional Republicans, Children’s Health Insurance, Affordable, Budget, Republicans, Grace, Center, Elon Musk, Federal Advisory Committee, Democratic Locations: Rob Portman of Ohio

☆ Elon Musk's promise of an 'epic' leaderboard of 'dumb' government spending reveals his marketing savvy
▼ + stars: | 2024-11-13 | by ( Geoff Weiss | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Elon Musk says a leaderboard of "dumb" government spending will expose waste — and he wants your two cents. The Tesla CEO said this week that he planned to post a public "leaderboard for the most insanely dumb spending of your tax dollars." While the effectiveness of Musk's leaderboard remains to be seen, experts told Business Insider it showed his marketing savvy — even if it could also encourage "gotcha" moments that need more context. Especially in a dry realm such as government spending, Musk's plans are bound to grab eyeballs — and perhaps make people feel more invested in the outcome. She said there was some precedent for Musk's leaderboard, noting that former Sen. William Proxmire, a Democrat from Wisconsin, issued the "Golden Fleece Award" for wasteful spending throughout the 1970s and '80s via monthly press releases.

Persons: Elon Musk, —, Musk, Donald Trump's, DOGE —, he's, Vivek Ramaswamy, Natalie Andreas, Austin who's, Ayelet, didn't, Musk's, Andreas, Karen North, Clinton, Sen, William Proxmire, It's, screwworms —, Amy Jo Kim, Kim Organizations: Service, Department of Government, University of Texas, Austin, University of Chicago's Booth School of Business, University of Southern California's Annenberg School for Communication, Journalism, Stanford Locations: Wisconsin

But Putin is not the only foreign leader Trump is talking to. And it is hardly unusual for a presidential nominee to begin holding some talks with foreign leaders. After the first attempt to assassinate Trump, in July, foreign leaders quickly moved to offer him their well-wishes. Trump has hosted Netanyahu and his wife, Sara, Hungarian Prime Minister Viktor Orbán, former Japanese Prime Minister Taro Aso and former British Prime Minister David Cameron when he was the U.K.’s foreign secretary. Katulis was referring to the trove of classified documents Trump kept from his time in office that have become the subject of a criminal case, many of them about his communications with foreign leaders.

Persons: WASHINGTON —, Donald Trump, Vladimir Putin —, Trump, —, Putin, Xi Jinping, ”, Russia —, Evan Gershkovich, Biden, Bob Woodward’s, ” Trump, Keir Starmer, Volodymyr Zelenskyy, Saudi Crown Prince Mohammed bin Salman, Benjamin Netanyahu, Melania Trump, King Charles “, Mahmoud Abbas, Andrzej Duda, Duda, Netanyahu, Sara, Viktor Orbán, Taro Aso, David Cameron, Trump’s, Daniel Fried, Bill Clinton, George W, Bush, Barack Obama, I’ve, ” Fried, ” Keith Kellogg, Fried, “, ” He's, Brian Katulis, Katulis, ” Said, Woodward, “ Biden, ‘, ’ ” Trump, ’, Karoline Leavitt, Steven Cheung Organizations: WASHINGTON, White, Trump, Democratic Party, Street Journal, British, Saudi Crown, Israeli, ”, Republican National Convention, Palestinian, Ukraine, U.S, Republicans, Middle East Institute, ’ Locations: Manhattan, Palm Beach , Florida, Israel, Ukraine, Russia, American, Russian, Iran, New York, Hungarian, U.S, Poland, Clinton, today’s America, North Korea

Nonfarm payrolls added 254,000 jobs in September, while the unemployment rate fell to 4.1%, down 0.1 percentage points. "It was a very good report across every indicator in there," said Aaron Sojourner, a senior researcher at the W.E. As they barnstorm across battleground states, Harris and Trump paint dueling pictures of the U.S. labor market. Jim Watson | AFP | Getty ImagesThe jobs report adds to a flurry of good economic news in recent weeks, with metrics that could potentially amount to the best economic upswing in decades. Following the jobs report blowout, the Dow Jones Industrial Average closed out last week at a fresh all-time high of 42,352.75.

Persons: Kamala Harris, Donald Trump, payrolls, Dow, Aaron Sojourner, Harris, Trump, Jim Watson, I've, Mark Zandi, Biden, Clinton, Justin Wolfers, stoking Organizations: . Upjohn Institute, Employment Research, Trump, CBS, Republican, Ryder Center for Health, Physical Education, Saginaw Valley State University, AFP, Getty, Federal Reserve, University of Michigan, Dow Jones, Nasdaq, chipmaker Micron Technology, Oracle Locations: U.S, Michigan, America, Saginaw, Saginaw , Michigan

☆ How the October 7 attacks became a turning point for US politics
▼ + stars: | 2024-10-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

Like the September 11 attacks in 2001, the Hamas horror set off a chain of events that affected countless lives, unleashing political disturbances thousands of miles away. At home, the fallout of the Hamas attacks has coincided with the toxic politics of a presidential election year. Deep domestic political aftershocksThe Hamas terror attacks – and Israel’s response – have laid bare and widened splits in American society and domestic politics. He has found common interest with Republicans who sought to use the war to damage Biden as the election loomed. Many American Jews have felt unsafe at home amid antisemitism provoked both by Hamas’ attacks and some of the protests over Israel’s response.

Persons: CNN —, Joe Biden, Kamala Harris, Donald Trump, Israel, Biden, Harris, it’s, Benjamin Netanyahu, Antony Blinken, William Burns, Netanyahu, Yahya Sinwar, Weeks, outlast Biden, bequeath, Trump, –, Fury, Joe, “, ” Harris, ”, Clinton, ’, Israel shouldn’t, goading Netanyahu, ” Trump, Jonathan Greenblatt, he’d, ” Greenblatt, Dana Bash, What’s, bedeviled Biden Organizations: CNN, Hezbollah, Democratic Party, Trump, CIA, US, Republicans, Democratic, Arab American, CBS, Washington, GOP, Defamation League, ADL Locations: Israel, America, Iran, United States, Yemen, Red, Washington, Jordan, Gaza, Russia, China, Lebanon, Michigan, North Carolina, “ State

☆ Groundbreaking executive White House chef steps down
▼ + stars: | 2024-07-31 | by ( Betsy Klein | ) edition.cnn.com time to read: +2 min

CNN —White House executive chef Cristeta Comerford has retired after nearly three decades cooking for five commanders-in-chief and their families, a White House official tells CNN. Comerford cooked for America’s first families over 29 years, including the Clintons, Bushes, Obamas, Trumps and Bidens, overseeing all White House cuisine from family meals to state dinners in the executive chef role. Her last day was Friday, the White House official said. “To be a White House chef, it’s really your temperance that really counts for a lot. In 2005, she was one of about 450 applicants for the executive chef role, which included what she described as a final “cook-off” round.

Persons: CNN —, Cristeta Comerford, Comerford, Clinton, Laura Bush, “, Chef Cris, Joe, ”, Jill Biden, Susie Morrison, it’s, Caesar, cobb Organizations: CNN, CNN — White House, White, White House Locations: White, Pennsylvania, United States, Manila, Chicago, Washington, DC, Vienna, Austria

☆ How Doug Emhoff is amplifying his wife’s historic presidential bid
▼ + stars: | 2024-07-26 | by ( Betsy Klein | ) edition.cnn.com time to read: +9 min

CNN —Confronted with a barrage of negative social media posts from former President Donald Trump aimed at his wife, second gentleman Doug Emhoff eschewed machismo or defensiveness. “That’s all he got?” he said Tuesday of the attacks on Vice President Kamala Harris, the new and historic presumptive Democratic presidential nominee. And Monday, he leaned into a cheerleader role as he introduced the vice president at her Wilmington, Delaware, campaign headquarters. So I think that gives you a fairly good indication of if he now would move into a precedent-setting first gentleman role,” McBride said. “This first gentleman role is being a supportive spouse and understanding better than anyone the administration’s goals and how to go about best achieving that,” she said.

Persons: CNN —, Donald Trump, Doug Emhoff, “, ”, Kamala Harris, Harris, Emhoff, Harris ’, Anita McBride, Laura Bush, Jill Biden, he’ll, David Letterman, Seth Schuster, He’s, Joe Biden, Dobbs, –, ” Emhoff, hyping, you’re, it’s, Kamala, that’s, “ He’s, Capricia Marshall, Obama, Clinton, shirk, ” Marshall, CNN’s Dana Bash, I’m, Bash, ” McBride, Marshall, CNN’s Arlette Saenz, Jeff Zeleny Organizations: CNN, Democratic, Georgetown Law, –, Jewish Democratic Council of America, Jewish, White, House Locations: England, Yarmouth , Maine, Nantucket, Vineyard , Massachusetts, Paris, Wausau, Stevens Point , Wisconsin, McLean , Virginia, Wilmington , Delaware, United States, United States of America, Israel

☆ Jill Biden travels to Paris Olympics as her husband passes the torch
▼ + stars: | 2024-07-25 | by ( Betsy Klein | ) edition.cnn.com time to read: +5 min

CNN —First lady Jill Biden watched on Wednesday night as President Joe Biden told the American people it was time to “pass the torch” on his political career. Then she got on a plane, flying nearly 4,000 miles to Paris, where another torch was being passed. Jill Biden is arriving in Paris at a monumental time for her husband’s presidency. That unity will be on display at the Olympic Games, a rare moment in intensely polarized times. In one tangible signal of how plans for the Paris trip changed since the president’s decision to drop his reelection bid, Jill Biden had been scheduled to headline a fundraiser for Americans living abroad in Paris.

Persons: Jill Biden, Joe Biden, Biden, ” Biden, “, ”, Vanessa Valdivia, Joe Biden’s, Capricia Marshall, Obama, Clinton, ” Jill Biden’s, Elizabeth Alexander, Alexander, Kamala Harris, Harris, Marshall, Joe …, Anita McBride, Laura Bush, ” McBride, it’s, Doug Emhoff Organizations: CNN, Olympic Games, Olympic, USA, White, House, Democratic, Tokyo Locations: Paris, Virginia, Tokyo, Valdivia

☆ Democratic power players are circulating a proposal for Biden to exit, launch 'blitz primary'
▼ + stars: | 2024-07-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Two Democrats with a powerful network of friends are circulating a proposal for President Joe Biden to bow out of the 2024 race and launch an expedited Democratic primary to choose a new nominee before the August convention. The proposal comes as pressure builds on Biden to exit the race following his stumbling debate on June 27 against former President Donald Trump. "Overnight, Biden is hailed as a modern-day George Washington, not an octogenarian clinging to power with a 37% approval rating," the proposal reads. The next phase of the plan is a "blitz primary," where prospective Democratic candidates submit their bids and delegates of the Democratic National Convention ultimately narrow down the list to six contenders. The Biden campaign did not immediately respond to a request for comment on the proposal.

Persons: Joe Biden, Rosa Brooks, Obama, Clinton, Ted Dintersmith, Semafor, Donald Trump, Brooks, Dintersmith, Biden, George Washington, Oprah Winfrey, Taylor Swift, Stephen Colbert Organizations: Cross, White, Georgetown University, Democratic, CNBC, Biden, Trump, Democratic National Convention, DNC Locations: Washington , DC, America

☆ Blinken's China visit went 'well and predictably,' says professor
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlinken's China visit went 'well and predictably,' says professorGraham Allison, Douglas Dillon professor of government at Harvard University and former assistant secretary of defense for policy and plans under the first Clinton administration, discusses U.S. Secretary of State Antony Blinken's visit to China and says "we're in a period of fairly intense conversations between the parties, and the relationship is becoming slightly more stable, even though fundamentally it remains a struggle between competition on the one hand and cooperation on the other."

Persons: Graham Allison, Douglas Dillon, Clinton, Antony Blinken's Organizations: Harvard University, U.S Locations: China

☆ Solicitor General Elizabeth Prelogar again in the spotlight fighting the conservative Supreme Court on abortion
▼ + stars: | 2024-04-24 | by ( Tierney Sneed | ) edition.cnn.com time to read: +8 min

CNN —For the fourth time since she became the federal government’s top Supreme Court advocate, Solicitor General Elizabeth Prelogar is arguing an abortion-related case. When Prelogar argues before the Supreme Court, she is arguing in front of several alumni of the US Office of the Solicitor General. She also clerked for her current boss, Attorney General Merrick Garland, when he was a DC Circuit judge, before her Supreme Court clerkships. She went on to litigate Supreme Court cases for private firms and worked on special counsel Robert Mueller’s investigation. Likewise, the abortion case Prelogar argued last month could have significant consequences for federal power.

Persons: Elizabeth Prelogar, Prelogar, Department’s, Biden, ”, Stephanie Toti, she’s, Ruth Bader Ginsburg, Elena Kagan, Kagan, Obama, John Roberts, George H.W, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, Roe, ” Prelogar, General Merrick Garland, Robert Mueller’s, Beth Brinkmann, Clinton, Brinkmann, Prelogar’s, Court’s Roe, Wade, –, Roberts, Gorsuch, Amy Coney Barrett, ” Toti, “ That’s Organizations: CNN, Miss Idaho, NPR, Emory University, Harvard Law School, DC Circuit, litigate, The Justice Department, Idaho, Labor, Center for Reproductive Rights, Food and Drug Administration, Justice Department, Republican Locations: Bush, Texas, ” An Idaho, Idaho

☆ Federal labor board has been much more pro-worker under Biden. Employers want courts to end that
▼ + stars: | 2024-04-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

The companies are asking federal courts, often with conservative, pro-business judges, to stop the agency from standing behind the more activist unions now making their lives more difficult. “The NLRB has long used the federal courts … to obtain injunctions … before the merits of an unfair labor practice case are fully evaluated,” said a statement from Starbucks. The employer doesn’t have to pay any interest, penalty or fine, to the fired workers, their union or the agency. While this is the first such case to reach the Supreme Court, other cases are emerging in which some high profile employers are challenging the agency’s right to exist. The Supreme Court’s decision is expected by the end of June.

Persons: Biden, …, ”, “, Jennifer Abruzzo, Cathy Creighton, Clinton, Elon Musk’s, Joe’s, Cornell’s Creighton, she’s, “ They’re, “ I’m Organizations: New, New York CNN, Starbucks, National Labor Relations Board, NLRB, Memphis, Cornell University’s, Industrial and Labor Relations, SpaceX, nonunion Locations: New York, Memphis, Buffalo , New York

☆ Opinion | Bravo! Hurray! Wahoo! (Meh.)
▼ + stars: | 2024-04-11 | by ( John Mcwhorter | ) www.nytimes.com time to read: +2 min

In the old days of American theater, the 1950s and before, even megastars like Ethel Merman did not regularly get standing ovations. Standing ovations meant a performance was truly extraordinary. Some have attributed the trend to the tourists who fill many of the seats at Broadway shows; they may be less familiar with theater and therefore especially enthusiastic. But standing ovations are the default even at shows and plays that attract few tourists, and besides, tourists have been flocking to New York since long before the 1990s. I think that made theater, by contrast, feel more special — “live performance,” as we now refer to it.

Persons: you’ve, Clinton, I’ll, Ethel Merman, Ethan Mordden, ovations Organizations: Broadway Locations: New York

☆ Joseph I. Lieberman, Senator and Vice Presidential Candidate, Dies at 82
▼ + stars: | 2024-03-27 | by ( Robert D. Mcfadden | More About Robert D. Mcfadden | ) www.nytimes.com time to read: +1 min

Joseph I. Lieberman, Connecticut’s four-term United States senator and Vice President Al Gore’s Democratic running mate in the 2000 presidential election won by George W. Bush and Dick Cheney when the Supreme Court halted a Florida ballot recount, died on Wednesday in Manhattan. In the ensuing campaign, the Gore-Lieberman team stressed themes of integrity to sidestep Clinton administration scandals. Mr. Lieberman also urged Americans to bring religion and faith more prominently into public life. They won a narrow plurality of the popular votes — a half-million more than the Bush-Cheney Republican ticket. But on the evening of Election Day, no clear winner had emerged in the Electoral College, and an intense legal battle took center stage.

Persons: Joseph I, Lieberman, Connecticut’s, Al Gore’s, George W, Bush, Dick Cheney, Lieberman’s, Lieberman —, Bill Clinton, Monica Lewinsky —, Gore’s, Gore, Clinton Organizations: United, Al Gore’s Democratic, New York Presbyterian Hospital, White House, Democratic National Convention, Cheney Republican, Electoral College Locations: United States, Florida, Manhattan, Riverdale, Upper Manhattan

☆ Opinion: RFK Jr.’s VP pick is a missile aimed at Biden
▼ + stars: | 2024-03-26 | by ( Paul Begala | ) edition.cnn.com time to read: +5 min

CNN —Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump. RFK Jr.’s namesake father was a Democratic US attorney general and a Democratic senator from New York. So was Joe’s son, RFK Jr’s nephew, Joseph P. Kennedy III. To believe that, one must ignore that Perot, like Clinton, was a change candidate; like Clinton, he was pro-choice, and like Clinton, Perot supported campaign finance reform. But you don’t need decades of experience and reams of data to see who RFK Jr’s bid hurts.

Persons: Paul Begala, Bill Clinton’s, Clinton, Robert F, Kennedy Jr, can’t, Donald Trump, Nicole Shanahan, Kennedy, Shanahan, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Biden, McDonkeyface, John Francis “ Honey Fitz ” Fitzgerald, Joseph P, Franklin Delano Roosevelt, Bobby Jr, ’, John F, Edward M, Teddy, Bobby’s, RFK, Kennedy III, Kathleen Kennedy Townsend, Patrick Kennedy, Jean Kennedy Smith, Caroline Kennedy, Barack Obama’s, Bobby Kennedy Jr, Trump, Reagan, I’ve, Ross, Perot, George Bush Organizations: Democratic, CNN, RFK, Biden, Trump, RFK Jr, Google, The New York Times, Times, Boston, Securities Exchange Commission, Rhode Island, Republicans, Twitter, Facebook, Perot Locations: Northern California, California, Great Britain, New York, Massachusetts, United States, Maryland, Rhode, Ireland, Japan, Australia

These are accusations that the Justice Department leveled against a technology giant it accused of running an illegal monopoly. But they aren’t from this week’s antitrust lawsuit against Apple — they’re from the case the department brought against Microsoft in 1998. And federal prosecutors are explicitly connecting the Apple lawsuit to that earlier fight. “They’re really presenting this case as a successor to that: Microsoft 2.0,” said Gus Hurwitz, a senior fellow at the University of Pennsylvania Carey Law School. And it isn’t clear whether the Justice Department will be able to achieve here what it claims to have done by suing Microsoft.

Persons: Apple —, Department’s, Clinton, “ They’re, ”, Gus Hurwitz Organizations: Justice Department, Apple, Microsoft, Google, University of Pennsylvania Carey Law School

☆ SCOTUS airs grievances about the media during oral arguments on social media censorship case
▼ + stars: | 2024-03-19 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

During oral arguments, justices asked questions about what constitutes coercion and in what cases the government can intervene with suggestions for the conduct of social media companies — and also showed off some of their media knowledge. AdvertisementMurthy v. Missouri is one of several cases the high court will hear about social media and the First Amendment this year. However, Roberts agreed with the pair and pointed out that government agencies do not have a "monolithic" point of view on moderation of social media content. An injunction previously handed down by the Fifth Circuit of Appeals on the same case barred a wide-ranging group of government officials from contacting social media companies. However, it is unlikely that the Supreme Court will uphold it, Vox reported.

Persons: —, SCOTUS, Murthy, Moody, Paxton, Samuel Alito, Brett Kavanaugh, George W, Bush, Elena Kagan, Clinton, Kavanaugh, Justice Kavanaugh, I've, Kagan, John Roberts, Roberts, Ketanji Brown Jackson, Jackson, J, Benjamin Aguiñaga, Aguiñaga, Biden, Vox Organizations: Service, Business, Centers for Disease Control, Department of Homeland Security, Facebook, Washington Post, Fifth Circuit, Supreme, Department of Justice, Louisiana Attorney Locations: . Missouri, Missouri, Louisiana, Washington

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

Among other things, he denied a motion from Trump to dismiss the case and set parameters for jury selection. "At this point, I can inform you that we're moving ahead with jury selection on March 25," he told the court. The Week in Cartoons Feb. 12-16 View All 17 Images“There was a tendency to disparage this case as being the least important – it’s just hush money. Trump denies any wrongdoing and has said that the payments to Cohen were simply reimbursements for legal expenses. “I was probably the only one who didn’t see it that way and felt like I was fighting an uphill battle.

Persons: Donald Trump, Trump, Judge Juan Merchan, ”, Shanlon Wu, Cohen Seglias, Stormy Daniels, Michael Cohen, Attorney Alvin Bragg, reimbursements, Cohen, Daniels, Norm Eisen, “, ” Eisen, ” Trump, Karen Agnifilo, it's, Joe, Joe Biden’s, It’s, Agnifilo, Merchan, Arthur Engoron, Jean Carrol, Wu Organizations: Trump, Republican, Manhattan, Attorney, Prosecutors, …, Washington , D.C, Capitol Locations: Manhattan, Clinton, Washington ,, Georgia’s Fulton County, New York’s

Friday's phone call came one day after Netanyahu said that he has told U.S. officials in plain terms that he will not support a Palestinian state as part of any post-war plan. But the regular cadence of calls between Biden and Netanyahu, who have had a hot-and-cold relationship for over three decades, has slowed considerably. And in late 2019, during a question and answer session with voters on the campaign trail, Biden called Netanyahu an “extreme right” leader. Netanyahu argues that a Palestinian state would become a launchpad for attacks on Israel. They hold out hope Israel could eventually come around to accepting a Palestinian state that comes with strong security guarantees for Israel.

Persons: Joe Biden, Benjamin Netanyahu, Biden, Netanyahu, Biden's, ”, John Kirby, Eytan Gilboa, “, Donald Trump, Trump, hasn't, Massachusetts Sen, Elizabeth Warren, Connecticut Sen, Chris Murphy, Michael Koplow, Ron Dermer, Jake Sullivan, Antony Blinken, Lloyd Austin, Brett McGurk, Amos Hochstein, ” Blinken, Barack Obama, —, Israel, ” Netanyahu, Daniel Kurtzer, Bill Clinton, George W, Bush, Julia Frankel, Ellen Knickmeyer, Seung Min Kim, Colleen Long Organizations: WASHINGTON, Israeli, U.S, Security, Democrat, Islamic, Israel’s, Ilan University, Israel, Netanyahu, Key Democratic, Biden, Economic, Middle, ” Palestinian Authority, West Bank, Palestinian Authority Locations: Gaza, Israel, Palestinian, United States, U.S, Massachusetts, Connecticut, Davos, East Jerusalem, ”, Jordan, Egypt, Jerusalem, Washington

☆ A model suspected of recruiting for Epstein was asked whether Bill Clinton's security advisor tipped him off about search warrant
▼ + stars: | 2024-01-06 | by ( Natalie Musumeci | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +3 min

A former model with ties to Jeffrey Epstein was questioned about Bill Clinton's security advisor, court docs show. Adriana Ross was asked in a deposition whether Clinton's security advisor tipped Epstein off about a raid. Did he tip off Jeffrey Epstein?" Did he tip off Jeffrey Epstein?" AdvertisementIn the 2010 deposition, Ross repeatedly invoked her 5th Amendment right and declined to answer questions.

Persons: Jeffrey Epstein, Bill Clinton's, Adriana Ross, Epstein, Ross, —, Jeffrey Epstein's, Virginia Giuffre, Samuel Richard, Sandy, Berger, Clinton, Bill Clinton, Bill Clinton didn't, Giuffre, Ghislaine Maxwell Organizations: Service Locations: Poland, Florida

☆ Former U.S. ambassador spied for Cuba for decades, Justice Department says
▼ + stars: | 2023-12-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. Attorney General Merrick Garland announces that Victor Manuel Rocha, the former U.S. ambassador to Bolivia, has been charged with acting illegally as a foreign agent for the government of Cuba, Dec. 4, 2023. Prosecutors say Victor Manuel Rocha, 73, spent more than 40 years spying for Cuba while he rose through the State Department, where he was U.S. ambassador to Bolivia during the Clinton administration. Rocha's case is "one of the highest-reaching and longest-lasting infiltrations of the United States government by a foreign agent," Attorney General Merrick Garland said Monday at a press conference. "To further that role, Rocha obtained and maintained employment in the United States government in positions that provided him: (1) access to nonpublic information, including classified information; and (2) the ability to affect United States foreign policy," wrote prosecutors. I have – have created the legend of a right-wing person," Rocha allegedly said, referring to the Cuban intelligence services.

Persons: General Merrick Garland, Victor Manuel Rocha, Clinton, Merrick Garland, Rocha, Rocha's Organizations: State Department, United, Southern, Southern District of, Foreign Government, DOJ, Undercover, Cuban Locations: Bolivia, Cuba, American, Miami, U.S, United States, Southern District, Southern District of Florida, Republic of Cuba, States, Cuban

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