Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found. Source link
Collapse of France’s Government Further Burdens Its Weak Economy
Already struggling with flat growth and a large debt and deficit, the country faces a new period of instability without a functioning government or a budget. Source link
Prime Minister Michel Barnier of France Loses No-Confidence Vote
Prime Minister Michel Barnier will most likely remain as a caretaker until a replacement is named. But the vote could further unsettle credit markets and create a wider opening …
Letting the Rich Subsidize the Poor
In a recent post, I imagined a hypothetical situation where cranberries turned out to be a surefire way to prevent cancer. I described how this would create a huge …
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been …
OpenAI CEO Sam Altman Downplays Dangers of A.I. and Elon Musk
The chief executive of OpenAI said the technology would boost productivity and rejected worries that his rival mogul could use his political influence to harm competitors. Source link
E.P.A. Again Seeks Limits on a Harmful Pesticide
After a court overturned a ban, the agency has proposed restricting chlorpyrifos to 11 food crops, illustrating the limits of federal regulation. Source link
San Vicente Santa Monica: Jeff Klein’s Latest Multimillion-Dollar Private Club Project
Jeff Klein, the hotelier who turned Tower Bar into a Los Angeles institution, has opened a $40 million private club at the beach. Source link
FIFA Secures $1 Billion Broadcast Deal With DAZN for Club World Cup
An agreement with the London-based streaming company DAZN came just a day before the draw for the inaugural event and after other networks balked at FIFA’s demands. Source link
Elon Musk Is on a Lot of Billionaires’ Minds
At the DealBook summit, some billionaires and political leaders marveled at the tech mogul’s reach, access to the levers of power, and staggering wealth. Source link