newyorker.com
The three-year ban on Trump from running a business in New York fell short of the state attorney general Letitia James’s call for him to be drummed out of the state’s real-estate business permanently. But the fines that Engoron levied, which also included nine million dollars on Trump’s two eldest sons, and a million dollars on Allen Weisselberg, a former chief financial officer of the Trump Organization, more or less matched James’s ask, which was three hundred and seventy million dollars. Whil…
3 months ago
newyorker.com
The Democrat, who asked not to be named in order to speak freely, said that Biden’s current policy stance on Gaza wasn’t sustainable going forward. Particularly among young progressive activists, feelings on the issue “are still incredibly intense,” the Democrat said, and Biden’s efforts to bring about another temporary ceasefire hadn’t assuaged them. In 2020, Biden’s “genius” had been to build a broad Democratic coalition, by inviting in many of Bernie Sanders’s supporters, but that hadn’t happ…
3 months ago
newyorker.com
On Thursday night, President Joe Biden will deliver his election-year State of the Union address. A spate of new opinion polls released over the weekend highlighted the serious challenges facing him as he seeks reëlection: concerns about his age, the southern border, the Israel-Hamas war, and the economy. The RealClearPolitics poll average currently shows him trailing Donald Trump by two points in a head-to-head contest, and by 2.8 points when third-party candidates are included. It’s particular…
2 months ago
newyorker.com
Haley didn’t rule out endorsing Trump. If she wants to have a future in the G.O.P., it’s likely that she’ll reluctantly line up behind him at some point, much as Paul Ryan, another representative of the Reaganite wing of the Party, did in June, 2016. But, in failing to issue an endorsement immediately after Super Tuesday, Haley distinguished herself from other Republicans, including Senate Minority Leader Mitch McConnell and Virginia Governor Glenn Youngkin, who both bent the knee before Trump o…
2 months ago
newyorker.com
The key political takeaway is that the White House is determined to frame the upcoming contest between Biden and Donald Trump as a choice between a Democrat fighting for the American middle class and a Republican stooge for the plutocracy. In economic terms, the budget amounts to an effort to expand the social safety net and, simultaneously, reduce the federal deficit by raising tax obligations for the richest two per cent of American households—and particularly the very, very wealthy, who have…
2 months ago
newyorker.com
In the 2020 election campaign, Biden led in the poll averages throughout and ended up winning the popular vote by 4.5 percentage points. But, as of Saturday morning, Biden is trailing Trump, albeit only by 1.7 points, in the RealClearPolitics poll average. In eight national polls carried out since Biden’s energized State of the Union speech, and recorded in the 538 database, two have shown him leading Trump, and six have shown him behind. (In almost all the surveys, the margins were small.) Even…
2 months ago
newyorker.com
Fast-forward slightly more than a year and a half, and James’s case represents the most imminent threat to the former President and his business empire. In February, Judge Arthur F. Engoron imposed a huge fine of $354.9 million on Trump, his two eldest sons, and their associates, plus an interest charge of $98.6 million. On Monday, Trump’s lawyers told an appellate court in New York that their client had been unable to secure a bond that would guarantee the eventual payment of the fine while he…
about 2 months ago
Search by beat, location, outlet & position to find the right journalists for your story.
Sign up for freenewyorker.com
Khan and Jonathan Kanter, who is the head of the D.O.J.’s antitrust division, are the leaders of the Biden Administration’s effort to confront big businesses that it claims are exploiting their market power to enrich themselves to the detriment of their clients and the market as a whole. This campaign has sometimes been a rocky one. The antitrust agencies have lost some big court cases, including an effort to block Microsoft from taking over the game maker Activision Blizzard, but they have succ…
about 2 months ago
newyorker.com
Now, as he faces more than half a billion dollars in fines and interest as a result of his two recent civil trials, Trump appears to have lucked out again, with Wall Street delivering him a huge financial windfall. At the start of this week, Trump’s loss-making social-media company, Trump Media & Technology Group, completed a merger with a financial shell company, Digital World Acquisition, which took Trump Media public. On Tuesday, stock in the combined company started trading on the Nasdaq und…
about 2 months ago
newyorker.com
During the past year, the economy has added 2.9 million jobs, and since Biden came to office it has added 15.2 million jobs. All told, there are now about 5.8 million more Americans at work than there were immediately before the COVID-19 pandemic started. And for those who are still concerned about the inflation rate, which has fallen from a high of 9.1 per cent in June, 2022, to 3.2 per cent, the new jobs report contained some reassuring news on that front, too. In the twelve months before the…
about 1 month ago
newyorker.com
It also struck Stiglitz, who had served as chair of the White House Council of Economic Advisers during the Clinton Administration, that the experience of the pandemic could provide an opportunity for a wide-ranging examination of the question of freedom and unfreedom, which he had been thinking about from an economic perspective for many years. The result is a new book, “The Road to Freedom: Economics and the Good Society,” in which he seeks to reclaim the concept of freedom for liberals and pr…
22 days ago
