At the end of the legislative session, the Democratic governor and presidential hopeful wants to cap liability for power companies that start deadly fires.
bailouts
Posted inEconomic Policy
An AI Bailout Will Be a ‘Which Side Are You On’ Moment
If AI falls, Democrats can build an enduring political majority—but only if they reject handing a lifeline to Altman, Musk, and the rest of the industry.
Posted inEconomic Policy
The AI Bailout Could Be Baked Into the AI Bubble
Private credit companies are key owners of AI-related assets. Many of their parent private equity firms own life insurers that are dumping grounds for bad loans—and subject to state bailouts.
Posted inTAP
The Fed-Induced Bank Wobble
Today on TAP: Silicon Valley Bank’s collapse is a function of the Fed rate spike, and will surely trigger calls for its well-heeled tech and venture capital clients to get a bailout.
Posted inMoney, Politics, and Power
Congress’s Latest Giveaway to Weapons Makers
While 7.5 million workers lose unemployment, members of Congress want to bail out the military industry.
Posted inCoronavirus
Best of 2020: David Dayen
Our executive editor with his favorite stories of the year
Posted inDay One Agenda
Biden on the Farm
The new president can remake agricultural and food policy even if Congress refuses to do anything about them.
Posted inPolitics
Donna Shalala Encapsulated Pelosi’s Embrace of Passivity as a Strategy
The Florida congresswoman who lost her re-election battle did nothing to oversee or challenge the Trump administration.
Posted inMoney, Politics, and Power
GOP Lawmaker Leads Fight to Get His Industry a Government Bailout
Rep. Van Taylor voted against aid for renters and student debtors—but the real estate mogul is now using his office to pressure the government to give his commercial real estate industry a government bailout.
Posted inEconomic Policy
How Academic Medical Centers Made Out on Coronavirus Bailouts
It’s time to re-examine the tax-exempt status of these profit-making ‘nonprofits.’