New York Times columnist Andrew Ross Sorkin and his colleagues help make sense of major business and policy news — and the power-brokers who shape them.
“So much attention is paid to tuition, but students also need to have money to live on while in college,” said an associate professor at Seton Hall University. “The biggest surprise,” he added, “is how much of the cost it can be.”
@BillGates weighs in on taxing billionaires: “I’ve paid more than anyone in taxes.”
Bank of America will stop lending money to gun manufacturers that make military-inspired firearms for civilian use, such as the AR-15-style rifles that have been used in multiple mass shootings.
Trump’s top economic adviser, Larry Kudlow, said that the administration had to be tougher on spending and would begin to consider “the larger entitlements” — Social Security and Medicare are the two biggest social insurance programs — “probably next year”
@BillGates says he’s not convinced by Senator Elizabeth Warren’s wealth tax, which includes a proposal to aggressively tax billionaires. “I don’t know how open-minded she is or if she’d even be willing to sit down with somebody who has large amounts of money.”
Scott Becker, the head of the nation’s public lab association, on coronavirus testing: “We’re absolutely a few weeks behind where we should be.” He added, “There is no way you can sugarcoat that.”
It was the first passenger fatality in the 51-year history of Southwest, which prides itself on a stellar safety record. Here's the potential fallout:
For those on Wall Street, who make a living negotiating, the deal struck by the president doesn’t look too artful. Not only that, it raises all sorts of questions about his ability extract concessions in future negotiations.