What we learned from Donald Trump’s tax return The return is a case study for why the Alternative Minimum Tax, for all its flaws, serves a useful purpose. But it’s mostly strong evidence that the basic law desperately needs fixing. | View caption Hide caption It turns out that Donald Trump and I are members…
Monitor Breakfast Russian exiled leader: Post-Putin era may be ‘months’ away | View caption Hide caption Mr. Ponomarev was also a key founder of something called the Congress of People’s Deputies – a kind of Russian parliament-in-exile composed of opposition leaders and other former Duma members. The 93-member body held its first meeting last November…
The smartest insight and analysis, from all perspectives, rounded up from around the web: Twitter’s constant crises have now put it “at imminent risk of losing its status as the watercooler of the internet,” said Dave Lee in Bloomberg. Meta last week took direct aim at Twitter with its Threads app, gaining 100 million users…
The smartest insight and analysis, from all perspectives, rounded up from around the web: Farewell, Twitter, said Oliver Darcy at CNN. This week, “the text-based social media platform that played an outsize role in society by serving as a digital town square was killed by its unhinged owner, Elon Musk.” Musk officially changed the company’s iconic…
Would taxing robots help the people whose jobs they’ll take? Bill Gates recently offered a simple solution to the problem of automation: Tax the robots. But that premise raises several thorny issues. | View caption Hide caption Automation may soon affect even industries and jobs we thought were immune, so what should countries do to prepare for those…
First Look Trump pleads not guilty to charges he tried to overturn 2020 election Former President Donald Trump pleaded not guilty in court Thursday to four felony charges that he tried to overturn his 2020 presidential election loss. The magistrate judge set the next hearing on this case for August 28. | View caption Hide…
Here are three of the week’s top pieces of financial insight, gathered from around the web: ARMs lose their allure Adjustable-rate mortgages are a losing proposition for most homebuyers right now, said Veronica Dagher in The Wall Street Journal. The average rate on ARMs is currently “nearly equivalent to the average 30-year fixed rate of…
To be the president of the United States is to exist under pressures virtually unimaginable to nearly everyone else on Earth; you control a vast arsenal of weapons capable of destroying the planet many times over; you sit at the top one of of the most powerful, complex economies in history; the lives and wellbeing…
Twitter owner Elon Musk said Sunday that he was changing the social media brand’s logo to an ‘X’ and doing away with the platform’s iconic bird symbol. The announcement began with a series of cryptic tweets from Musk about the letter ‘X,’ including a message which shows off a shimmering ‘X’ logo. He eventually tweeted…
We’ve heard a lot about inflation in recent years, but we might not be as familiar with two terms that describe phenomena that could be partly driving it: greedflation and wageflation. “When inflation took off in 2021 in the U.S., so did corporate profits,” said The Wall Street Journal. This raised some eyebrows. But just as profit…