A version of this story appeared in CNN Business’ Nightcap newsletter. Much like President-elect Donald Trump’s “Department of Government Efficiency,” the advisory board led by entrepreneurs Elon Musk and Vivek Ramaswamy, the Grace Commission had no authority to implement changes, only to advise. “You can’t find any evidence that they changed the growth of the government one iota,” Douglas Holtz-Eakin, …
Donald Trump's sojourn back to New York City, where he will be arraigned in a Manhattan courtroom, will bring out huge crowds both for and against the former president with anti-Trump protesters expected in larger numbers. As Parnell wrote, Laboy waved a Trump flag and announced, "I’m going to stand out here Monday, Tuesday and Wednesday. If you look at …
The Los Angeles Times Community Book Club is reading “A Promised Land,” the bestselling memoir by former President Barack Obama. Looking back, it’s embarrassing to recognize the degree to which my intellectual curiosity those first two years of college paralleled the interests of various women I was attempting to get to know: Marx and Marcuse so I had something to …
New York CNN Business — Wall Street threw a fit last week when Treasury rates spiked. I think they are going to be successful.” If you define a bubble as something where yields are far away from where you’re going to be in the long run, then I guess it’s a bubble.” former NY Fed president Bill Dudley Inflation worries …