Markets are very optimistic about Tesla’s future — so optimistic that it would be impossible to explain if Tesla were a conventional car company. On paper, Tesla shouldn’t be worth anywhere near as much as rivals like Ford and GM. Ford sold 6.6 million cars in 2016. GM sold 10 million. Tesla sold a paltry 76,000. Ford and GM both turned healthy profits in 2016. Tesla lost money. Yet earlier this month Tesla’s market value…"Batteries could be Tesla’s secret weapon"
The damage control isn’t really working. United Airlines had a catastrophic past week. After a man was violently dragged off one of its planes to make room for a United crew member who needed his seat, the airline issued a tone-deaf non-apology for the man’s injuries and suffered a massive loss in the stock market. Then, on a different United flight, a man was stung by a scorpion that dropped out of a plane’s overhead…"Poll: Americans will buy a more expensive flight to avoid United Airlines"
If Republicans continue to face defeats and worse-than-expected outcomes in special elections this spring, as they did in Kansas’s deep-red Fourth District, they have at least one big advantage: a very early warning of the electoral debacle facing them in 2018, if things remain on their current course. Midterm elections have brought losses to the president’s party in 18 of the past 20 cycles, averaging more than 30 seats in the House, although with wide…"Will the Trump backlash nudge American politics back toward normalcy?"
President Trump will participate in the White House Easter Egg Roll, the 139th iteration of the annual tradition, on Monday morning. Yet even something as light as the Easter celebration for kids has become a sort of mini controversy for Trump, as a recent New York Times report detailed a planning effort behind on its organizational and staffing requirements. Some contractors went so far as to take to the president’s favorite medium of Twitter to…"Watch the White House Easter Egg Roll live stream"
When politics is a game, truth telling takes a back seat to controversy. President Trump has directed much of his anti-media shtick at CNN over the past few months, publicly attacking the network for its coverage of his administration. But the truth is, a lot of the feud between Trump and CNN is theater. CNN has played an important role in mainstreaming and normalizing Trump’s misinformation, thanks in large part to the small army of…"CNN treats politics like a sport — that’s bad for all of us"
Jean-Luc Melénchon and the populist left: the surge of support for “Unsubmissive” France. Just over a week before the first round of French presidential elections are scheduled, the messy field of 11 contenders was jolted by a sudden surge in poll numbers for a far-left populist candidate named Jean-Luc Melénchon, whose policies are so liberal they make Bernie Sanders look like a right-winger. A fan of Hugo Chavez, Melénchon wants to impose a 100-percent tax…"A far-left politician is shaking up France’s presidential race"
Turkish voters just gave their president frightening amounts of new powers. ISTANBUL — Turkish President Recep Tayyip Erdoğan has publicly feuded with the US, likened the German government to Nazis, jailed more journalists than any other leader in the world, and arrested tens of thousands of his own people on suspect charges. Now a slim majority of Turkish voters have just approved constitutional changes designed to make the strongman even stronger. In a razor-close referendum…"The referendum that just brought Turkey closer to one-man rule, explained"
Labor unions in America are in crisis. In the mid-1950s, a third of Americans belonged to a labor union. Today, only 10.7 percent do, including a minuscule 6.4 percent of private sector workers. The decline of union membership explains as much as a third of the increase in inequality in the US, caused voter turnout among low-income workers to crater, and weakened labor’s ability to check corporate influence in DC and state capitals. The future…"Europe could have the secret to saving America’s unions"
“A carbon tax” is not, in and of itself, a thing. The dream of a bipartisan deal on carbon taxes is evergreen in US political circles. Lately, it has taken on a somewhat more specific form. The Climate Leadership Council (led by emeritus Republicans George Shultz and James Baker III) and the libertarian Niskanen Center have both proposed various forms of a deal in which Republicans would agree to a carbon tax in exchange for…"Democrats are being pressured to support a “bipartisan” carbon tax bargain no Republicans support"
The election of Donald Trump was a major shock to the left. It was not supposed to happen. It was not even supposed to be possible for it to happen. Many shuffle about their daily tasks suffused in gloom and pessimism. With Trump in the White House, and the Republicans in control of Congress and most states, surely little of the progressive agenda will remain in a few years. His brand of xenophobia and authoritarianism…"7 reasons why today’s left should be optimistic"