First — and why aren’t more people saying this? — what the hell was the Treasury secretary doing giving a closed-door briefing on a significant policy change that hadn’t yet been officially announced? Isn’t that a setup for large-scale insider trading? Indeed, attendees at that conference surely made market bets before Bessent’s remarks became public.
And since when are major policy announcements by government officials made off the record to closed private-sector meetings? One even wonders whether Bessent was announcing policy or making it: Did Trump back him up only after the fact?
The content of his remarks aside, what was Bessent even doing at this event? Senior government officials aren’t supposed to be helping investment banks entertain their clients.
Was Bessent paid for his appearance? That would have been inconceivable under any previous administration, but now God knows. Or are we now entering an era in which companies that do favors for Trump and co., either in the form of money or support for their policies, get lucrative insider briefings?
Put it this way: New York Times conflict of interest rules would have prohibited me, as an opinion writer, from talking to a closed-door session at J.P. Morgan. For the Treasury secretary to do so — especially when announcing a major policy change — is a huge ethical breach.
Scott Bessent is easily Trump's most grown-up cabinet member (as low a bar as that is). And yet he committed a grave ethical lapse yesterday, as @pkrugman.bsky.social notes.
paulkrugman.substack.com/p/cronyism-c...
23.04.2025 12:21
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Amazing how England's Conservatives were in power for 14 years and everyone got completely fed up with them to the point that Labour clobbered them last year, only for them to turn around and say "haha just kidding, Tories again"
22.04.2025 16:39
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An Englishman, an Irishman and a Scotsman took their wives to play a round of golf.
23.04.2025 04:32
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The damage is done. As an example soybeans need to be going into the ground right now. Farmers are sitting on millions of dollars in seeds alone and their export contacts are now gone. ADM just shut down a soybean processing plant in S. Carolina. No exports, no jobs. Done.
23.04.2025 05:36
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Pete Hegseth is clearly on his way out due to incompetence. I wonder if the next Secretary of Defense will be from Newsmax
22.04.2025 13:28
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Every conversation between a MAGA and a liberal…
23.04.2025 01:08
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Six months since leaving the ICU. Two months after that at Physical therapy they were like “what are your goals?”
I said “I want to be able to pick up all my kids at once”.
Helluva thing.
23.04.2025 02:06
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Law enforcement experts have raised concerns about whether the incident, which involved a thief getting so close to a Cabinet official and then absconding with her belongings, may have been a lapse in security.
Law enforcement experts
www.cnn.com/2025/04/22/p...
23.04.2025 12:06
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It's 5am, it's dark, and I'm starting the day as god intended humans to live: sending invoices to national newspapers who have been using London Centric pictures and video without permission.
23.04.2025 04:22
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One thing that should be said about every voter suppression law is how unnecessary they are. Voter impersonation is the one crime we have all but eliminated with extensive cross checks, burdens, & enforcement. Meanwhile, we do almost nothing to fight the most common crime in America—wage theft.
23.04.2025 11:59
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RFK Jr.'s autism study to amass medical records of many Americans
The autism study is planning to link confidential data "with broad coverage in the U.S. population" in one place for the first time.
@azagmayes.bsky.social
@captmarkkelly.bsky.social @gallego.senate.gov
Please put a stop to this most egregious violation of HIPAA & our rights to privacy.
The administration needs to be immediately reigned in. This is sheer insanity!
#ProudBlue #OneV1 #MomSky
www.cbsnews.com/news/rfk-jr-...
22.04.2025 23:38
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If your religion is threatened by the existence of a book, then your religion is weak.
22.04.2025 16:27
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Feels like?
He was!
anyone who doesn’t recognize this very glaring fact is either
living in a cave
drunk/stoned
or just plain stupid.
22.04.2025 17:31
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The S&P 500’s performance since Inauguration Day is now the worst for any president up to this point in data going back to 1928.
22.04.2025 12:31
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This image is a tweet from former U.S. President Barack Obama, posted in tribute to Pope Francis. In the tweet, Obama describes Pope Francis as a rare leader whose humility and compassionate actions inspired people to be better. He highlights the Pope’s acts of kindness—embracing the sick, helping the homeless, and washing the feet of prisoners—as reminders of moral responsibility to one another and to God. Obama ends the tweet by expressing shared mourning with Michelle and people around the world, urging others to follow the Pope’s call to engage actively in the “march of living hope.”
Reading Obama’s tribute to Pope Francis is a stark reminder of how far presidential dignity has fallen. Where there was once eloquence, compassion, and moral clarity, we now endure a swaggering caricature—petty, reckless, and painfully unworthy of the office.
22.04.2025 23:35
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🚨 Griffin v. North Carolina State Board of Elections (II)
Learn more.
🚨BREAKING: In a win for voters, 4th Circuit BLOCKS North Carolina from beginning the state court ordered cure process while litigation continues in federal court. www.democracydocket.com/cases/north-...
22.04.2025 22:21
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Not for nothing but ‘Genocide Joe’ wouldn’t have deported you for protesting, even when the person being protested was him.
23.04.2025 01:03
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The Beehive star cluster at left of centre. Orange planet Mars above right of centre. Many faint star dots on a dark background.
Mars and the Beehive from last night. 22 April 2025. 🔭 🧪 🎨 #astrophotography #SciArt #photography #StormHour #ThePhotoHour
23.04.2025 09:39
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Columbia Canceled My Course on Race and Media. I'm Going to Teach It Anyway.
This is not a time for media literacy or historical knowledge to be held hostage by institutions bending the knee to authoritarianism.
Update!
Over 1750 people have signed up for the Resistance Summer School pilot course!
This is the seed to a new movement and parallel education structure.
It won't put participants in lifelong student debt. Or be subject to attacks on diversity.
karenattiah.substack.com/p/columbia-c...
23.04.2025 11:46
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Stay loud
stay visible
stay brave
23.04.2025 10:37
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I hate the way media fall back on the word "controversy." MSNBC just called SignalGate a controversy, as if there's a rational debate over whether sharing military secrets with a journalist and your wife is a good or bad thing.
22.04.2025 13:17
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Serving in the Southern District of New York has been an honor. There is no greater
privilege than to work for an institution whose mandate is to do the right thing, the right way, for
the right reasons. We will not abandon this principle to keep our jobs. We resign.
It would be a laudable and modest goal to see one of the 5 people who resigned from SDNY on principle would one day lead it -- but we've got a shit-ton of work b4 that might happen.
static01.nyt.com/newsgraphics...
22.04.2025 22:43
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23.04.2025 00:25
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Well this is probably one of the more insane statements I'll read today
22.04.2025 17:45
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never forget that we’re currently facing total economic destruction because fox news got upset about 0.0001% of our population wanting equal rights
22.04.2025 22:29
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RFK jr may be the most dangerous member of this administration
23.04.2025 11:21
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