The state public utility commission is poised to approve a rate of return that critics say overcharges customers by $4.4 billion per year.
Money, Politics & Power
Posted inMoney, Politics, and Power
Another Biden Financial Regulator Spins Through the Revolving Door
Michael Hsu, former OCC head, has joined a VC firm backing crypto and fintech companies.
Posted inMoney, Politics, and Power
Hochul Caves to Big Tech on AI Safety Bill
A bill that passed the New York legislature was completely gutted and substituted with language perceived as friendlier to the industry.
Posted inMoney, Politics, and Power
House Democratic Leaders Urged to Force a Vote on Stock Trading Ban
Enough Republicans are on a discharge petition to get a House vote to end congressional stock trading—if Democrats sign on.
Posted inMoney, Politics, and Power
Why Is Warner Bros. for Sale at All?
Its product has never been more critically or financially successful. Why is it auctioning itself off?
Posted inBooks
Artifice in the Age of Artificial Intelligence
To understand the tech mindset is to see that the ultimate goal is domination. Silicon Valley elites apply a different standard to themselves because, quite simply, they believe that they deserve a different set of rules and expectations.
Posted inTAP
Jeff Bezos’s Very Own Editorial Page
The Washington Post’s new editorialists have turned the page over to screeds defending not just laissez-faire capitalism but Bezos himself.
Posted inMoney, Politics, and Power
Andy Kim vs. the Machine—Again
The New Jersey senator is opposing his own party’s efforts to defang anti-corruption measures. In an interview, he depicted the fight as critical to regaining public trust.
Posted inEnergy and the Environment
Lightning in a Bottle
Regulatory capture is at the root of the affordability crisis in electricity. Public power could offer a way out.
Posted inAmerica and the World
The $30 Billion Identity Theft of Venezuela
How Juan Guaidó sucked a weary nation dry, and primed it for the current U.S.-led assault