Does anyone he encounters dare to dispute his delusions?
Economic Policy
The Candidate Pitching Single-Payer—for Disaster Insurance
In the low-profile race for California insurance commissioner, Jane Kim wants to borrow from other countries to solve a crisis in the homeowner’s insurance market.
The Progressives Propelling Abdul El-Sayed Forward in Michigan
Activists are building a political home for the Michigan Senate candidate’s anti-corruption, anti-war populist message.
Trump Has Created a Climate Opportunity
The American people have been led astray about what climate change means for their pocketbooks.
Mamdani Announces Balanced Budget Without Cuts
Buoyed by billions in assistance from the state, real talk about what it takes to run New York City, and some taxes on the rich, the mayor closed a historic leftover budget deficit.
Wall Street’s Favorite Democrat
Rahm Emanuel is back, running for president as a corporate Democrat. His timing is terrible.
We Need a Pulitzer for Substacks
These individual newsletters are a whole new genre. At their best, they have breathed new life into journalism and public discourse.
The Complacent Class
The Milken Conference in Los Angeles is designed for the global financial elite. Their thinking about the Iran war is childish.
Aftermath: The First Corporate Casualty of the Iran War
Spirit Airlines’ demise can be directly traced to the rise in jet fuel prices. That hasn’t stopped corporate Democrats from blaming Biden-era merger policy.
Aftermath: Oil Execs Thrill to Higher Profits From War
Plus: Why Iran won’t make a deal with Trump to end the crisis

