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Friday, December 15, 2017

The Great Recession is a speck in the rear-view mirror for America's financial markets. They've advanced far beyond pre-crisis levels. In fact, Goldman Sachs says you can go back a century before 2008, and still not find a "bull market in everything" like today's. If the real economy had roared back the same way, Donald Trump might not be president. Instead, it's been a grind. While unemployment is near a two-decade low, wages have grown slowly by past standards. They're nowhere near keeping pace with the asset-price surge. Elected on a promise of better jobs and pay, Trump is about to pull the most powerful lever any government has for firing up the economy: fiscal policy. By slashing taxes on corporate profits, its authors say, the Republican plan will unleash the animal spirits of American business -- and everyone will benefit. read more


Discomfort with the term "evangelical" began in some quarters with the Moral Majority in the Reagan years, which helped make "evangelical" synonymous with the Republican Party. Ever since, evangelicals have disagreed with each other about mixing faith and politics. Such debates intensified last year when President Trump was elected with the overwhelming support of white evangelical voters after a vitriolic campaign that alienated many Americans. Most recently, after Senate candidate Roy Moore drew strong majorities of white evangelicals in Alabama despite reports of his pursuit of teenage girls when he was in his 30s, some Christians across the country said they weren't sure they wanted to be associated with the word anymore. read more


Thursday, December 14, 2017

After we published a list of President Trump's lies this summer, we heard a common response from his supporters. They said, in effect: Yes, but if you made a similar list for previous presidents, it would be just as bad. We've set out to make that list. Here, you will find our attempt at a comprehensive catalog of the falsehoods that Barack Obama told while he was president. (We also discuss George W. Bush below, although the lack of real-time fact-checking during his presidency made a comprehensive list impossible.) read more


[I]t's the holidays, the wealthy inhabitants of this world are buying more and more Ferraris. Bloomberg reports that Ferrari will up production next year since it's reaching its sales target of 9,000 vehicles annually an entire year early, according to people who asked not to be named. The sources said the issue isn't public, and a Ferrari spokesperson declined to comment to Bloomberg. According to the story, Ferrari also recently reached a major profit goal two years early and plans to double operating profit by 2022 read more


Multiple sources report that former Apprentice contestant Omarosa Manigault Newman, whose resignation from her position with the Trump administration was announced Wednesday, did not leave the White House voluntarily and had to be physically restrained and escorted off the White House grounds. April Ryan, a White House correspondent who has feuded with Manigault Newman, tells People that there was "drama" that involved Manigault Newman "cussing" before she was removed. A White House official also told the Washington Post that she did "not voluntarily resign" and was escorted off the premises, while the Wall Street Journal reports she was "physically dragged and escorted off the campus" Tuesday evening. read more


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