Group items tagged

Here’s the thing: MacGuineas, the GOP, most Democrats, and people like me, unnerved by the trend and worried that interest payments on the borrowed money will prevent spending on real needs, agree that we are on an unsustainable fiscal course. Gaetz & co. are not wrong to want to cut spending. They are just wrong about everything else—where and how much and how fast to cut, and their iron rule that taxes should never, ever be raised and should always be reduced, especially for corporations and the rich, who would use their new cash to create jobs. (Spoiler: They didn’t.

Trump theoretically was leading a GOP populist revolution, but in reality the massive tax cut he signed was more of the same deficit-swelling, trickle-down delusion.

As I wrote in my book on political negotiations, the conditions for success include patience, reliance on facts, and the maturity to understand that you won’t get everything you want—but that all sides need to walk away with a few things they can feel good about, or at least can defend to their supporters.

In the American creator economy, no platform is quite as direct or effective as OnlyFans. Since launching in 2016, the subscription site known primarily for its explicit videos has become one of the most methodical, cash-rich and least known layers of the online-influencer industry, touching every social platform and, for some creators, unlocking a once-unimaginable level of wealth.

More than 3 million creators now post around the world on OnlyFans, which has 230 million subscribing “fans” — a global audience two-thirds the size of the United States itself

fans’ total payouts to creators soared last year to $5.5 billion — more than every online influencer in the United States earned from advertisers that year,

Stare at a climate map of the world that we expect to inhabit 50 years from now and you see a band of extreme heat encircling the planet’s midriff. Climate modelling from 2020 suggests that within half a century about 30% of the world’s projected population – unless they are forced to move – will live in places with an average temperature above 29C. This is unbearably hot. Currently, no more than 1% of Earth’s land surface is this hot, and those are mainly uninhabited parts of the Sahara.

The scenario is as dramatic as it is because the regions of the world affected most severely by global heating – above all, sub-Saharan Africa – are those expected to experience the most rapid population growth in coming decades.

But despite this population growth, they are also the regions that, on current trends, will contribute least to the emissions that drive the climate disaster.

How a Canadian college — in a remote town most Canadians have never visited, where winters can feel subarctic — became a magnet for young Indians is the story of the many forces buffeting the country.

Public colleges and universities, hit hard by budget cuts, have grown dependent on the higher tuitions international students must pay. For students from abroad, the institutions can be a conduit to permanent Canadian residence, and for Canada, the students help reduce labor shortages and increase the country’s flagging productivity.

The Canadian government said it was on track to host 900,000 foreign students this year, three times as many as a decade ago.

for years now, a group of hundreds of former senior defense and diplomatic officials in Israel have been saying this is a catastrophe — that it is a catastrophe for Israeli security, a catastrophe for Israeli democracy, a catastrophe for Israelis’ international standing, and a catastrophe for Israel’s soul. Their warnings seem quite prescient now.

they’ve argued there was another way. There was a huge amount Israel could do on its own and should have been doing, that if Israel is not going to tip into a kind of single state that it did not want and could not ultimately defend, that the conditions had to be created now for something else to emerge in the future.

One of the people working on that project was Nimrod Novik. He’s my guest today. Novik was a top aide to Shimon Peres when Peres was prime minister and vice premier. In that role, Novik was involved in all manner of negotiations with the Palestinians, with the Arab world, with the international community. He’s on the executive committee of Commanders for Israel’s Security, which is a group I mentioned a minute ago. And he’s an Israel fellow at the Israel Policy Forum.

Unfavorable economic conditions, chiefly rising interest rates and the struggling stock market, are taking a toll on Manhattan’s high-end housing sector, according to a report Monday from Olshan Realty.  There were 21 contracts signed in the week ending Sunday that were priced at $4 million or more—the report’s benchmark for luxury—marking the third week in a row of slumping deals, Donna Olshan wrote in her eponymous weekly market review. 

The priciest contract signed last week was on a full-floor penthouse at 53 West 53rd St. in Midtown, which had been most recently asking for a hair above $33 million. Spanning 4,599 square feet, the property has views of Central Park and the Hudson and East Rivers.  Designed by Pritzker Prize-winning architect Jean Nouvel, and adjacent to the Museum of Modern Art, the building offers its residents amenities including a golf simulator, a wine room, a library and a theater. 

“We’ve seen a lag in the impact that rising interest rates have had on the market, likely because many buyers may not be aware of what this has done to their budget,” said Danielle Hale, chief economist for Realtor.com. The site released a report Thursday finding that for the 19th consecutive week, U.S. home prices saw double-digit year-over-year increases, with the median listing price rising by 14.4% from the same week last year. Homes also spent six fewer days on the market during the week ending April 23 than during the same period last year, according to Realtor’s findings.

Over the week of March 16, markets experienced an enormous shock to what investors refer to as liquidity, a catchall term for the cost of quickly converting an asset into cash.

Mr. Powell bluntly directed his colleagues to move as fast as possible.

They devised unparalleled emergency-lending backstops to stem an incipient financial panic that threatened to exacerbate the unfolding economic and public-health emergencies.

When it comes to Covid, the United States specializes in denialism. Deny the human-to-human transmission of the virus when China’s first cases were publicized in late 2019. Deny that the virus is airborne. Deny the need for boosters across all adult age groups.

here are many more examples, but now one stands out – learning from other countries.

In early 2020, with the major outbreak in the Lombardy region of Italy that rapidly and profoundly outstripped hospital resources and medical staffing, Americans expressed confidence that it won’t happen here. That it couldn’t happen here. And then it did.

The Democratic former president decided not to join corporate boards or give speeches for big money because, he says, he didn’t want to “capitalize financially on being in the White House.”

Presidential historian Michael Beschloss said that Gerald Ford, Carter’s predecessor and close friend, was the first to fully take advantage of those high-paid post-presidential opportunities, but that “Carter did the opposite.”

Since Ford, other former presidents, and sometimes their spouses, routinely earn hundreds of thousands of dollars per speech.

The need for change in museums was pointed out in the 2022 Burns Halperin Report, published by Artnet News in December, that analyzed more than a decade of data from over 30 cultural institutions. It found that just 11 percent of acquisitions at U.S. museums were by female artists and only 2.2 percent were by Black American artists

Julia Halperin, one of the study’s organizers, who recently left her position as Artnet’s executive editor, said that the industry has an asymmetric approach to diversity. “The pool of artists is diversifying somewhat, but the pool of staff critics has not,” she said.

the matter of diversity in criticism is compounded by the fact that opportunities for all critics have been diminished.

What actually drives the Kremlin are the tough ideas and interests of a small group of longtime lieutenants to President Vladimir Putin, as well as those of the Russian leader himself. Emboldened by perceptions of the West’s terminal decline, no one in this group loses much sleep about the prospect of an open-ended confrontation with America and Europe

In fact, the core members of this group would all be among the main beneficiaries of a deeper schism.

Consider Mr Putin’s war cabinet, which is the locus of most decision-making

Russia’s audacious military mobilization in and around Ukraine is the first major skirmish of a new order in international politics, with three major powers jostling for position in ways that threaten America’s primacy.

Russia and China have built a thriving partnership based in part on a shared interest in diminishing U.S. power. Unlike the Sino-Soviet bloc of the 1950s, Russia is a critical gas supplier to Europe, while China isn’t an impoverished, war-ravaged partner but the world’s manufacturing powerhouse with an expanding military.

To do this, Mr. Putin shifted military units from Russia’s border with China, showing confidence in his relations with Beijing. The two powers, in effect, are coordinating to reshape the global order to their advantage, though their ties stop short of a formal alliance.

The first of my many blessings,” she told the Senate this week, “is the fact that I was born in this great nation.”

She is not an advocate of critical race theory or other progressive ideas about education. She has never taken a public position on hot-button school issues like whether young children should be taught about gender identity.

She has often praised law enforcement, including her proud mention this week that her brother and two of her uncles worked as police officers.

President Biden said Thursday he would welcome a 2024 rematch against former President Donald Trump while insisting that European leaders have confidence in his leadership.

Trump is openly teasing a potential 2024 bid and has blamed Biden for mismanaging relations with Russia — pointing out that Russian President Vladimir Putin didn’t invade neighboring nations while he was in charge.

As president, Trump ruffled feathers among US allies in Europe by insisting they spend more money on their own defense and by weighing a drawdown of US troops from Germany. Ironically, six NATO members responded to the Russian invasion by increasing their defense budgets.

British doom and gloom has been growing in recent year

, the use of antidepressants in Britain has rocketed, with only Iceland and Portugal among 18 European nations having a higher consumption. In 2010, 54 people per 1,000 in Britain were taking antidepressants, a figure that doubled to 108 in 2020; in contrast, France’s consumption has remained stable at 53 per 1,000.

And now look at that generation. One in ten intend never to start working and a third believe they won’t achieve their life’s ambition.

There isn’t much data on how many of the new immigrants in recent years were documented versus undocumented. But estimates from the Pew Research Center last fall showed that undocumented immigrants made up 22 percent of the total foreign-born U.S. population in 2021. That’s down compared to previous decades: Between 2007 and 2021, the undocumented population fell by 14 percent, Pew found. Meanwhile, the legal immigrant population grew by 29 percent.

immigrant workers are supporting tremendously — and likely will keep powering for years to come.

The economy is projected to grow by $7 trillion more over the next decade than it would have without new influxes of immigrants, according to the CBO.

The circle of Republican donors in the nation’s tech capital has long been limited to a few tech executives such as Scott McNealy, a founder of Sun Microsystems; Meg Whitman, a former chief executive of eBay; Carly Fiorina, a former chief executive of Hewlett-Packard; Larry Ellison, the executive chairman of Oracle; and Doug Leone, a former managing partner of Sequoia Capital.

But mostly, the tech industry cultivated close ties with Democrats. Al Gore, the former Democratic vice president, joined the venture capital firm Kleiner Perkins in 2007. Over the next decade, tech companies including Airbnb, Google, Uber and Apple eagerly hired former members of the Obama administration.

During that time, Democrats moved further to the left and demonized successful people who made a lot of money, further alienating some tech leaders, said Bradley Tusk, a venture capital investor and political strategist who supports Mr. Biden.