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How Leaders Undermine Their Own Authority
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WorkWorkWorkWork WorkRetail sales in June boosted by hot weather That ties in with a separate survey from researchers Gfk which suggests that consumer confidence is weaker than a year ago, and supports economists' views that next month's figures on economic growth will show it was lacklustre in the second quarter of this year. WorkWorkCandace Owens Responds to Macron Lawsuit The life of Candace Owens, it works like this, said the popular right-wing commentator on her podcast on Wednesday. I wake up, I stretch, I have a cup of coffee, and then I am served with a lawsuit. Work 
WorkWorkOpinion | Is Decarbonization Dead? Trump just shredded America’s most ambitious climate policy. Jane Flegal and Jesse Jenkins discuss what this means for the future of renewable energy in the U.S. WorkWork 
WorkWorkUS FCC clears $8bn Skydance-Paramount merger  The network said the move "is purely a financial decision against a challenging backdrop in late night [television]" and "is not related in any way to the show's performance, content or other matters". WorkWork 
WorkIn Defense of the Traditional Review - The New Yorker (No paywall) Last week, when the Times announced a shakeup of its arts desk that involved reassigning four of its criticsof theatre, TV, pop music, and classical musicto other roles, the reaction in the media and arts worlds was one of dismay. Even more disturbing than the personnel moves, though, was the reasoning given by the papers culture editor, Sia Michel, in her memo about the decision, which couched the move in terms of an ongoing effort to expand the Times cultural coverage beyond the traditional review. There are many worthwhile ways to write about the arts, but her sniping at reviews suggests a faux expansion that would actually be a grave diminution. Michels desire for a variety of formats, including video, is well founded but one-sided; the practice of criticism should be as wide-ranging as possible and constantly growing, but it shouldnt lose its center, which is the written review. WorkWorkTrump's AI Action Plan is a distraction - MIT Technology Review (No paywall) The plan contains dozens of proposed actions, grouped into three pillars: accelerating innovation, building infrastructure, and leading international diplomacy and security. Some of its recommendations are thoughtful even if incremental, some clearly serve ideological ends, and many enrich big tech companies, but the plan is just a set of recommended actions. Work 
WorkWorkWorkWorkHow McDonald's lost its value edge-and is trying to claw it back - WSJ (No paywall) The once-golden formula faltered. The number of fast-food customers who said the restaurant chain offered good value fell to its lowest point in a decade last year, according to a UBS Evidence Lab survey. Lower- and middle-income households have cut back on visits, contributing this year to the biggest drop in McDonalds quarterly U.S. sales since 2020. 
WorkWorkWorkResilient Trump lifted by improved view of the economy, WSJ poll finds - WSJ (No paywall) Buoyed by voters improving views of the economy, President Trumps political standing is showing notable resilience, a new Wall Street Journal poll finds, despite the unpopularity of the GOPs big tax-and-spending law, dissatisfaction with Trumps tariff plan and high suspicion that the government is hiding important information about its investigation into Jeffrey Epstein. Work 
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WorkA failed Microsoft security patch is the latest win for Chinese hackers - WSJ (No paywall) The attack involves several versions of Microsofts SharePoint software that serve as a document storage platform for customers who dont want to use the cloud. Microsoft released patches for a pair of SharePoint bugs earlier this month, but the fixes were quickly bypassed, allowing China-linked hackers to break into hundreds of organizations, according to security researchers. WorkWorkWorkParamount-Skydance Merger Gets the OK From the FCC - Vulture (No paywall) Go tell it from the (Paramount) mountain: Donald Trumps Federal Communications Commission has (finally) given its blessing to the merger of Paramount Global and Skydance Media, clearing the way for the roughly $8 billion deal to close more than one year after it was announced. It now seems likely the merger will officially be consummated within a matter of days or weeks, at which point Skydances David Ellison, son of Oracle founder and hardcore Trump supporter Larry Ellison (estimated net worth: nearly $300 billion as of this writing, up from a reported $175 billion three months ago), will take command of the reshaped legacy media company. Also expected to have a top management role: Jeff Shell, the former NBCUniversal CEO fired in 2023 for inappropriate conduct with a female employee, including allegations of sexual harassment, as the Comcast-owned company put it at the time.
WorkWorkThe rail mega-merger that could transform American supply chains - The Economist (No paywall) Every industry has its nobility. The PayPal mafia are sovereign in Silicon Valley. Many Wall Street financiers trace their genealogy back to Julian Robertson or Michael Milken. The equivalent for railroaders is E. Hunter Harrison, who died in 2017. He ran three of the six big Class I railways at various times and pioneered precision railroading, a scheduling technique that is now the industry standard. His disciples are spread far and high. WorkWork 
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WorkWorkWorkWorkVideo: In the Latest Space Race, It's China vs. SpaceX China has made it a national priority to catch up with SpaceX’s nearly 8,000 Starlink internet-providing satellites in low-Earth orbit, which it regards as a military threat. Despite successes in other parts of its space program, China has just 124 internet-providing satellites in low-Earth orbit. Selam Gebrekidian, an investigative reporter for The New York Times, explains why China is lagging behind in this new space race. WorkWorkThe new private jet pecking order - The Economist (No paywall) Life for Asias super-rich has its ups and downs. One industry, more than any other, provides a birds-eye view on their fortunes: the mind-boggling market for private jets. In recent years the number of posh private aircraft registered in China has dropped like a stone, in part because the Communist Party has taken umbrage against lavish displays of wealth. These days it is Indias rising rich who are snapping up sleek personal planes. |
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