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"Living is a series of hellos and goodbyes," Imani Perry writes. "And that is hard if you have the great fortune of love." bittersoutherner.com/2025/issue-10/…

My conversation with Princeton University University's president: podcasts.apple.com/gb/podcast/pri…

Notably, several of the law firms with which the White House has settled don’t have international trade practices.

On Truth Social this morning, President Trump says Federal reserve Chair Jerome Powell’s “termination cannot come fast enough!”

As The Wharton School's Peter Conti-Brown has noted, if President Trump tries to fire Fed Chair Jerome Powell, and Powell sues, "the plaintiff would be Powell himself, not the Fed — and he'd probably have to pay his own legal bills." brookings.edu/articles/what-…

Writing for Project Syndicate, Harvard University's Kenneth S Rogoff puts it plain: "In the long term, any attempt by Trump to undermine the Fed's independence could severely impede its ability to respond to economic and financial crises." project-syndicate.org/commentary/tru…

Treasury Secretary Scott Bessent, to annmarie hordern, during a newsy interview earlier this week: "I believe that monetary policy is a jewel box that's got to be preserved."

Your guide to the stalemate: podcasts.apple.com/us/podcast/who…

Is it? podcasts.apple.com/us/podcast/big…

To state the obvious, the President's Fed bashing is raising long-term interest rates (operating through the risk premium). This will raise mortgage and other borrowing rates and be contractionary. The wealth effect from a falling stock market also contractionary.

Since Inauguration Day: Nasdaq: ↓19.67% S&P 500: ↓14.73% Dow Jones Industrial Average: ↓13.30%

On Deadline White House, Steve Liesman explains today's market reaction: "You cannot bet on a team where the captain is hitting the ball into his own net."

"Most local governments still haven't seen a nickel." smokymountainnews.com/news/item/3933…

Percival Everett, the author of “James” and “Erasure,” at the #AspenLitPrize awards ceremony tonight: “Books are scary to fascists, because they can’t see what’s going into you, even if they are looking over your shoulder. And they are.”

Big tech and big banks have totally erased their losses since April 2. Where there's been basically no recovery, is in stuff like trucking or energy.

Marco Rubio is now, simultaneously, secretary of state, interim national security adviser, acting administrator of USAID, and acting archivist of the United States.

"A Bloomberg News analysis estimated that Harvard's tax benefits totaled at least $465 million in 2023." bloomberg.com/news/articles/…