Tag: late June
Oregon Tried a Bold Experiment in Drug Policy. Early Results Aren’t Encouraging.
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Three years ago, while the nation’s attention was on the 2020 presidential election, voters in Oregon took a dramatic step back from America’s long-running War on Drugs. By a 17-point margin, Oregonians approved Ballot Measure 110, which eliminated criminal penalties for possessing small amounts of any drug, including
The Logic Behind Biden’s Refusal to Negotiate the Debt-Ceiling
President Joe Biden has already made the most important domestic-policy decision he’ll likely face this year. Biden and his top advisers have repeatedly indicated that they will reject demands from the new GOP majority in the House of Representatives to link increasing the debt ceiling with cutting federal spending. Instead, Biden is insisting that Congress pass a clean debt-ceiling increase, with no conditions attached.
Biden’s refusal to negotiate with
Alden Global Capital, the Hedge Fund Killing Newspapers
The Tribune Tower rises above the streets of downtown Chicago in a majestic snarl of Gothic spires and flying buttresses that were designed to exude power and prestige. When plans for the building were announced in 1922, Colonel Robert R. McCormick, the longtime owner of the Chicago Tribune, said he wanted to erect “the world’s most beautiful office building” for his beloved newspaper. The best architects of the era were invited to submit designs; lofty quotes about the Fourth
The Pandemic Birthed a New Generation of Finance Bros
On a Wednesday in June, deep in a corner of the Reddit message board r/WallstreetBets, a user going by Your_Boy_Roy_ published a lengthy post. The subreddit, which now has almost 11 million members (or “Degenerates,” as the page officially lists them), has become an epicenter for crowdsourced, short-term, high-risk stock speculation and analysis. Roy had been a member of the group since “its prime,” and had to get something off his chest.
“You are all being ridiculous with these endless
The Ohio Republicans Trying to Out-Trump One Another
In another lifetime, Representative Anthony Gonzalez was the Ohio Republican Party’s dream candidate. Many of his future suburban-Cleveland constituents cheered for him at Byers Field when he was a high-school-football standout at St. Ignatius, and later again at the Shoe in Columbus during his star turn as an Ohio State University wide receiver. The son of a Cuban immigrant, he was a first-round NFL draft pick and went on to graduate from Stanford’s business school. Gonzalez ran for Congress