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☆ Will the Ukraine War Push the West Toward a New Realism?
  + stars: | 2023-02-21 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ Trump tried to call in to Fox News as the Capitol riot unfolded but the network refused to put him on air, new filing claims
  + stars: | 2023-02-18 | by ( Alia Shoaib | ) www.businessinsider.com   time to read: +3 min
Donald Trump tried to call into Fox News as the Capitol riot unfolded, a court filing claims. Network executives refused to put him on air as they thought it would be "irresponsible." But Fox executives vetoed that decision. President Trump not only was the sitting president, he was the key figure that day." The lengthy court filing also cites text messages between Fox News hosts and executives in which they privately mocked pro-Trump election fraud conspiracy theories, despite continuing to air them.
☆ Fox News execs blocked Trump from doing interview during Jan. 6 Capitol riot, filing shows
  + stars: | 2023-02-18 | by ( Ashley Capoot Lillian Rizzo | Ashley Capoot | Lillian Rizzo | ) www.cnbc.com   time to read: +4 min
The documents were publicly released for the first time this week as part of Dominion Voting Systems' $1.6 billion lawsuit against Fox Corp and its cable TV networks. Dominion, Fox Corp and Fox News filed their motions for summary judgment this week, which unveiled evidence from months of discovery and depositions that had been private until this point. Fox News anchors, as well as top Fox Corp brass including Rupert Murdoch and Lachlan Murdoch, were questioned in recent months. In court papers Thursday, Fox Corp said it had "no role in the creation and publication of the challenged statements – all of which aired on either Fox Business Network or Fox News Channel." But he's not going to destroy us," court papers show.
☆ Fox News exec said 'the North Koreans do a more nuanced show' than the now-fired host Lou Dobbs: lawsuit
  + stars: | 2023-02-17 | by ( Cheryl Teh | Jacob Shamsian | ) www.businessinsider.com   time to read: +3 min
Fox News president Jay Wallace said North Korean propaganda has more nuance than Lou Dobbs. Wallace's comments about Dobbs were cited in a court filing by Dominion Voting Systems. Wallace said in September 2020 that "the North Koreans do a more nuanced show" than Dobbs, per a filing from Dominion Voting Systems released on Thursday. This filing was part of Dominion Voting Systems' defamation lawsuit against Fox News. Dominion Voting Systems has alleged that Fox defamed it by pushing a false conspiracy theory that it manipulated election results.
☆ Is There Anything ChatGPT’s AI ‘Kant’ Do?
  + stars: | 2023-02-14 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ Tyre Nichols’s Death Raises Questions About Race and Policing
  + stars: | 2023-01-30 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ Trump's political ascent was fueled by Southern Republicans. Now they're his main 2024 opponents
  + stars: | 2023-01-28 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +10 min
REUTERS/Randall HillIn the pivotal 2016 South Carolina primary, Trump won the contest — beating Bush, Rubio, and Cruz in their own Southern backyard. AP Photo/Richard Drew, FileTrump is no longer a Washington outsiderIn 2016, Trump was a novelty to many Republican voters. And in recent months, DeSantis has increasingly eclipsed Trump as the top presidential choice among GOP primary voters. Haley and Scott could potentially be competitors to win the 2024 GOP presidential nomination. By the time the Florida GOP primary was held, Jeb Bush had already suspended his campaign, humbled by his fourth-place showing in South Carolina.
☆ The Davos Crowd Sees a New Dawn, but It May Be a False One
  + stars: | 2023-01-24 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ The company used by Putin to put 50,000 Russian mercenaries in Ukraine will be deemed a 'transnational criminal organization' by the US
  + stars: | 2023-01-21 | by ( Stephanie Stacey | ) www.businessinsider.com   time to read: +3 min
The US will designate Russia's Wagner Group a "transnational criminal organization." The military contractor has committed "atrocities and human rights abuses" in Ukraine, it added. The Wagner Group, which is closely linked to the Kremlin, has about 10,000 mercenaries and 40,000 former prisoners deployed in Ukraine. Its forces were responsible for "atrocities and human rights abuses," according to National Security Council spokesperson John Kirby. Wagner mercenaries have also been accused by the United Nations and Human Rights Watch of committing human rights abuses in a number of African nations, including the Central African Republic, Libya and Mali.
☆ Home Depot's cofounder — who retired in 2002 — says he doesn't want the 'woke generation' leading business because of their 'laziness'
  + stars: | 2023-01-20 | by ( Grace Dean | ) www.businessinsider.com   time to read: +5 min
Home Depot cofounder Bernie Marcus is adamant he doesn't want the "woke generation" leading business. He told Fox Business that "nobody wants to work anymore" because of "laziness" and government benefits. Home Depot has distanced itself from Marcus, noting he hasn't worked at the company in 20 years. "How do you have a recession when you have people that don't want jobs?," Marcus said during Thursday's interview. "Bernie Marcus retired from The Home Depot more than 20 years ago and does not speak on behalf of the company," Home Depot told Insider in a statement.
☆ How the Gas Stove in Your Kitchen Became a Symbol of Freedom
  + stars: | 2023-01-17 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ In the era of online scams, here's how to not get tricked when starting a digital business
  + stars: | 2023-01-12 | by ( Alexandra York | ) www.businessinsider.com   time to read: +5 min
An entrepreneurship professor shares her advice on avoiding potential online scams. Business coaches — a community that's also growing on social media — provide guidance and mentorship. Meanwhile, "business opportunities," which often focus on instant financial success, "have a more significant potential for abuse," Franklin said. "Business opportunities are focused on a financial outcome in a relatively short period," Franklin said. It becomes especially important to verify all claims and customer reviews for potential coaches.
☆ The Disorganized GOP and Other Signs of the Great Inversion
  + stars: | 2023-01-10 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ A real estate investor who retired at 32 shares his 5 best pieces of advice for beginners heading into 2023 — including why it's just as important to know when to exit as when to buy
  + stars: | 2022-12-23 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +8 min
After just five years of investing in real estate, Justin Sloan officially retired at the age of 32. When he was 32 years old, just five years after purchasing his first real estate property in 2011, Justin Sloan officially retired. And while residential real estate investing has stolen the headlines this year, Sloan found success by investing in commercial real estate properties. Instead, Sloan still believes that beginners should start out the more traditional way — by investing in residential real estate. "The lessons that I learned in residential real estate carried over to commercial," he told Insider in a recent interview.
☆ Inside the over 30-year friendship of Bill Gates and Warren Buffett, who didn't even want to meet at first but now have each other on speed dial
  + stars: | 2022-12-20 | by ( Shana Lebowitz | Debanjali Bose | Grace Kay | ) www.businessinsider.com   time to read: 1 min
Buffett's contributions to Gates' foundation from 2006 through 2022 total $45 billion, when taking into account the appreciation of the Berkshire stock over time. Berkshire Hathaway Chairman and CEO Warren Buffett, right, speaks to Bill Gates, Microsoft co-founder, as they appear to speak on the Fox Business Network with Liz Claman, in Omaha, Neb., on May 8, 2017. Nati Harnik/AP"I believe this is the largest gift ever given, and thinking about it fills me with awe and gratitude and a sense of responsibility to make sure it is spent well," Gates wrote in an post on his blog, Gates Notes, in December 2022. "Our secret weapon, which should not be secret at all, is the incredible generosity of Warren Buffett."
☆ A real-estate investor who owns 9 commercial properties explains how he retired at 32 after just 5 years of investing by branching into commercial properties over residential — and shares where he see
  + stars: | 2022-12-18 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +14 min
Justin Sloan retired at 32 years old, just five years after he started investing in real estate. Sloan did this by branching out to commercial real estate, which he prefers over residential. Buying his first residential propertySloan began researching other investable assets such as franchises and municipal bonds, but found the idea of real estate investing especially appealing. "I was that naive to the idea that you could hire someone else to take care of your real estate." That same year, he stopped opening more cell phone stores, and instead directed all his revenue towards real estate investing.
☆ Here’s how to invest in the stock market next year, according to Bank of America
  + stars: | 2022-12-08 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
"Once rate hikes bite labor markets, the Fed will pause, and investors should deploy the $1.9 trillion," Bank of America strategists said. With a new normal of elevated inflation, BofA expects equal-weighted stock market indices to perform better than market-cap-weighted ones. How will you adjust your stock market investing strategy for the new year as recession signals heat up? The legendary investor estimated that policymakers may push the benchmark rate as high as 5.5%, which he warned could weigh especially heavily on the stock market. The stock market's recent run is due to fail even as investors are anticipating a Fed pivot ahead.
☆ Is Biden’s ‘Greatness’ an Excuse for Trump?
  + stars: | 2022-12-06 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ The West Made the World Prosperous. COP27 Will Make Us Pay
  + stars: | 2022-11-22 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ Carlyle sees big in Japan auto industry as EV shift shakes supply chains
  + stars: | 2022-11-22 | by ( Makiko Yamazaki | ) www.reuters.com   time to read: +2 min
TOKYO, Nov 22 (Reuters) - U.S. private equity firm Carlyle Group Inc (CG.O) aims to enlarge its footprint in the Japanese automotive sector as the global shift to electric vehicles (EVs) shakes the industry's supply chain, its executives said. With the world quickly moving to EVs, Japanese auto parts suppliers are reviewing strategies that were traditionally tailored for combustion-engine cars, Reiji Terasaka, who heads Carlyle's Japan industrial team, told Reuters in an interview. The Japanese auto industry used to draw strengths from its decades-old keiretsu system - a hierarchical pyramid of equity-interlocked suppliers with automakers sitting atop and ensuring business security. Automakers might not be able to support all kinds of keiretsu companies anymore, Terasaka said, adding that he anticipated changes to how the keiretsu system operated. The private equity industry "has evolved over the last 10 to 20 years from where there was more of a focus on costs," Bernasek said.
☆ Carl Icahn holds short position in GameStop - Bloomberg News
  + stars: | 2022-11-21 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
(Reuters) - Activist investor Carl Icahn has a sizeable short position in video game retailer GameStop Corp, Bloomberg News reported on Monday, citing sources familiar with the matter. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. Icahn began shorting the stock around January 2021, the report added but did not provide details of the size of Icahn’s position. Short interest in GameStop’s stock is very high, with 17.53% of the company’s outstanding shares shorted as of Oct. 31, according to Refinitiv data. The retailer executed a four-for-one stock split this year, the stock rose a split-adjusted high of over $120 in Jan. 2021.
☆ The 2022 Midterm Election Endangers Democrats, Not Democracy
  + stars: | 2022-11-08 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ Casey DeSantis, Florida's 'co-governor': Rivals, friends, and former colleagues say she's the secret behind husband Ron DeSantis' meteoric rise
  + stars: | 2022-11-04 | by ( Lyz Lenz | Kimberly Leonard | ) www.businessinsider.com   time to read: +29 min
Florida's first lady, Casey DeSantis, is a close confidant to her powerful husband, several people told Insider. He added, "We would not see Ron DeSantis outside of press conferences if he did not have a wife and kids." Ron DeSantis began clawing his way into the national spotlight in 2017 as a member of the US House of Representatives. She smiled wryly and said: "Everyone knows my husband, Ron DeSantis, is endorsed by President Trump, but he's also an amazing dad. "Ron DeSantis would be a very good candidate for the St. Johns county commission if he did not have Casey DeSantis in his life," Schorsch said.
☆ In the Midterms, Democrats Occupy the Left Bank of Denial
  + stars: | 2022-11-01 | by ( Gerard Baker | ) www.wsj.com   time to read: +1 min
Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.
☆ Truss's demise ends the revival of Thatcher's libertarian economics
  + stars: | 2022-10-20 | by ( Andrew Macaskill Elizabeth Piper | Andrew Macaskill | Elizabeth Piper | ) www.reuters.com   time to read: +6 min
"I now expect the language of free markets and libertarianism to be consigned to scrap for quite some time. Truss had spent her summer campaign for the party leadership complaining about Britain's weak economic growth, productivity and low pay since the 2008 global financial crisis. Her solution was to challenge economic "orthodoxy" and demand faster, radical action to shake the economy out of its torpor. The Institute of Economic Affairs said of the economic plan: "This isn't a trickle-down budget – it's a boost-up budget." Register now for FREE unlimited access to Reuters.com RegisterEditing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.
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