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Anna Edwards

10900 Posts
Higher Rates Stoke a Growing Chorus of Deficit Concerns

Higher Rates Stoke a Growing Chorus of Deficit Concerns

The U.S. government’s persistent budget deficit and growing debts were low on Wall Street’s list of worries when interest rates were at rock bottom for years. But borrowing costs have risen so sharply that it is causing many investors and economists to fret that the United States’ big debt pile could prove less sustainable.Federal Reserve officials have raised interest rates to about 5.3 percent since early 2022 in a bid to control inflation. Officials predicted at their meeting last month that interest rates could remain high for years to come, shaking expectations among investors who had bet on rates falling…
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Opinion | How Gerontocracy Explains the Matt Gaetz Clown Show

Opinion | How Gerontocracy Explains the Matt Gaetz Clown Show

You can analyze the circus in the House of Representatives in terms of personalities (the bland ambition of Kevin McCarthy colliding with the antic, made-for-television career of Matt Gaetz) or in terms of the nature of the Republican coalition (united only by anti-liberalism and rabble-rousing, and therefore held hostage to the most shameless rabble-rouser).But the substance in the standoff, the posturing over what kind of spending cuts House Republicans should demand or accept, isn’t incidental either. Along with decrepit presidents and creepy deathwatches around senators and Supreme Court justices, chaotic clown-show debates over fiscal policy are part of what you…
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The Remaking of The Wall Street Journal

The Remaking of The Wall Street Journal

Last month, Emma Tucker, the new editor in chief of The Wall Street Journal, gathered the newsroom to share a blunt message: The media industry had morphed “beyond recognition” and The Journal needed to adapt, or be left behind.“We don’t want to be the German car industry of news publishing,” she joked to the hundreds of staff members listening.Ms. Tucker, who took over as top editor in February, was addressing a group that had been, to a large degree, tentatively optimistic about their energetic new boss. But many were also unnerved by the speed of the changes she had already…
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Steve Bannon Helped Stoke the McCarthy Ouster, Boosting Gaetz and Rebels

Steve Bannon Helped Stoke the McCarthy Ouster, Boosting Gaetz and Rebels

On Wednesday morning, two Republicans who hours earlier had toppled Kevin McCarthy as speaker of the House made a well-worn trek to a 19th-century brick townhouse a few blocks away from the Capitol and entered the cluttered sanctuary of Stephen K. Bannon’s recording studio.Representatives Matt Gaetz of Florida, the instigator of the rebellion, and Nancy Mace of South Carolina, one of seven other Republican defectors, huddled with Mr. Bannon for a morning meeting ahead of a joint appearance on his “War Room” podcast.“Tectonic plate shift here in the imperial capital,” Mr. Bannon told his listeners at showtime, while directing them…
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New U.A.W. Chief Has a Nonnegotiable Demand: Eat the Rich

New U.A.W. Chief Has a Nonnegotiable Demand: Eat the Rich

For as long as anyone can remember, the Indiana city of Kokomo has been a conservative stronghold. Ronald Reagan crushed Walter Mondale in Kokomo. Bill Clinton lost twice. So did Barack Obama. The current mayor, a Republican, is running unopposed for re-election. It’s a town known for something it would prefer to forget: a Ku Klux Klan rally in 1923 that was the largest ever.Yet somehow Kokomo produced a union leader whose rhetoric is aimed at toppling the conservative and moneyed classes — a rebel who rejects the niceties of an earlier era in favor of a sharp-edged confrontation.“Billionaires in…
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Nobel Prize in Chemistry Awarded to 3 Quantum Dots Researchers

Nobel Prize in Chemistry Awarded to 3 Quantum Dots Researchers

The Nobel Prize in Chemistry was awarded on Wednesday to Moungi G. Bawendi, Louis E. Brus and Alexei I. Ekimov for being pioneers of the nanoworld. The new laureates discovered and developed quantum dots, semiconductors made of particles squeezed so small that their electrons barely have room to breathe.Semiconductors are crystals that help power our electronics. But while traditional crystals may be quite large at the molecular level, a quantum dot consists of just a few thousand atoms squished into a space just a few nanometers across. The difference in size between a quantum dot and a soccer ball is…
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Alan Murray to Step Down as CEO of Fortune

Alan Murray to Step Down as CEO of Fortune

Alan Murray, the chief executive of Fortune, announced on Wednesday that he would step down next year.In a note to staff members, Mr. Murray said he had agreed with Fortune’s owner and board that he would help the company with a transition to new leadership and then leave his role at the end of April.He said that during his tenure, Fortune had been established as an independent company, expanded its audience and revenue, and “produced three straight years of profits.”“That turnaround story is the foundation for the next stage of Fortune’s growth,” Mr. Murray wrote, “during which the owner has…
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Dianne Feinstein, 90, Dies; Oldest Sitting Senator and Fixture of California Politics

Dianne Feinstein, 90, Dies; Oldest Sitting Senator and Fixture of California Politics

Read the latest updates about Senator Dianne Feinstein’s death and her possible replacement here.Dianne Feinstein, the grande dame of California Democrats who became the mayor of San Francisco after a horrific double assassination at City Hall in 1978 and then gained national stature as an influential voice in the United States Senate for more than 30 years, died early Friday at her home in Washington. She was 90 and the Senate’s oldest member.Her death was confirmed by family members, who did not cite a cause. Ms. Feinstein had returned to the Senate in May, appearing frail and using a wheelchair,…
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Crypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning

Crypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning

Follow live updates on the Sam Bankman-Fried fraud trial.A year ago, Sam Bankman-Fried was a fixture on magazine covers and in the halls of Congress, a tousle-haired crypto billionaire who hobnobbed with movie stars and bankrolled political campaigns.On Tuesday, the founder of the failed FTX digital currency exchange is set to leave the jail where he has been confined for more than seven weeks and stand trial in a Manhattan courtroom on federal charges of fraud and money laundering, capping one of the largest and swiftest corporate collapses in decades.The charges against Mr. Bankman-Fried, 31, have put the rest of…
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