The Imperial Fed

phenomenalworld.org The Federal Reserve is commonly depicted as an institution set up to fulfill domestic functions, only later taking on its significant international and geopolitical…

Trump to surrender Tuesday morning before court appearance: report

marketwatch.com Former President Donald Trump plans to fly to New York’s LaGuardia Airport Monday night, then spend the night at Trump Tower and surrender Tuesday morning before a court…

Jean-Michel Basquiat’s Sisters on Curating ‘King Pleasure’ Exhibit and Their Brother’s Legacy: ‘People are Drawn to How Unedited His Creativity Was’

variety.com Jean-Michel Basquiat was the quintessential New York City artist during his life and after his death. So the arrival of the exhibition Jean-Michel Basquiat: King Pleasure©…

IT'S TIME TO CHARGE TRUMP. BRING BACK THE RULE OF LAW!

msnbc.com Karma is a … well, you know the rest. Does this text format look familiar to you? It should. It’s roughly the same format Donald Trump used in a 1989 newspaper ad calling…

Exonerated Central Park Five Defendant Trump Wanted ‘Executed’ Has One Word For Him After Indictment

mediaite.com One of the exonerated Central Park Five defendants targeted for “execution” by Donald Trump in the 1980s, has one word for the former president: “Karma.” Yusef Salaam gave…

‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’

bitcoin.com Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of…

Prescription-drug middlemen face mounting pressure from federal government, states

marketwatch.com Political and legal troubles are piling up around the companies that act as influential middlemen in the U.S. prescription-drug system. Pharmacy benefit managers, which…

Two-year Treasury yields on pace for biggest monthly drop since 2008 after bank turmoil

marketwatch.com U.S. Treasury yields tumbled in March as banking-sector woes roiled markets, with two-year rates potentially seeing their biggest monthly drop since 2008. The yield on the…

Why so many banks seem to fail on Fridays

cnn.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Everyone loves Fridays. Unless you’re…

12 trailblazers to celebrate on Transgender Day of Visibility

nbcnews.com Transgender Day of Visibility is celebrated annually on March 31. It presents an opportunity to celebrate the accomplishments of trans people while still acknowledging the…

Guest Column: Is Trump’s Trial Too Hot for TV?

hollywoodreporter.com It was the Shot Heard ‘Round the World 3.0, only blocks from the original Polo Grounds where the New York Giants won the 1951 National League pennant with a walk-off home…

How Alan Menken, Disney’s Most Prolific Composer, Inspired a Generation of Songwriters

vanityfair.com As the composer behind The Little Mermaid, Beauty and the Beast, and Aladdin, Alan Menken has created some of Disney’s most recognizable scores and songs. His canon has…

The Government Wants to Airlines to do Something That May Cause Passengers to Melt Down

thestreet.com It may be a tougher to get a good flight this summer. The aviation industry has a supply and demand problem right now. Due to rising labor costs, fierce competition for…

Trump’s Indictment Could Be Just The Beginning

forbes.com Former President Donald Trump was indicted Thursday in Manhattan on charges stemming from hush money payments made to adult film actress Stormy Daniels in 2016—it may just…

Analysis

washingtonpost.com New York’s Financial District Just Got a Little Less Financial The rise of remote work during the pandemic has cut demand for office space and left some American downtowns…

Republicans are framing the Trump indictment as an attack on white America

msnbc.com After a Manhattan grand jury voted to indict former President Donald Trump on Thursday, Republicans came out in droves to describe the charge (or charges) as unwarranted and…

Her Views From Close Up Are on Everyone’s Radar

nytimes.com “Window, Cityscape, Oval Mirror,” 1973, at the Bruce Museum. The radiator beneath Dodd’s window in her New York City loft stars in a trio of still lifes that incorporate an…

Good Infrastructure?!?

ritholtz.com Yesterday I discussed all the reasons why the return to office was not going so well here in the US (even as RTO does much better in Europe). I spent a lot of time…

Average Wall Street bonuses plummeted in 2022 to $176,700

theguardian.com Wall Street bankers might have to start counting their pennies: the average banking bonuses fell 26% last year, leaving the average bonus at “just” $176,700. After…

Donald Trump was just indicted. What happens next?

pbs.org Every day, hundreds of people are taken into law enforcement custody in New York City. Former President Donald Trump is expected to become one of them as early as next week.…

Your questions about the Trump indictment, answered

politico.com The unprecedented indictment of former President Donald Trump plunges the legal system into murky waters. The Manhattan grand jury’s decision to charge Trump for his alleged…

Trump's mob boss politics are beginning to come full circle

msnbc.com Comparisons of former President Donald Trump to a mob boss bubble up often: Trump runs his life and businesses like a mobster, per former Trump fixer and personal counsel…

Lawmakers agree Fed wasn't tough enough with SVB. They disagree on fixes

yahoo.com House Democrats and Republicans agreed during a hearing Wednesday that the Federal Reserve should have done more to stop the meltdown of Silicon Valley Bank. They disagreed…

Wall Street Bonuses Fall by Most Since 2008

wsj.com Last year’s bonus pool was $33.7 billion, down from $42.7 billion the previous year, the comptroller’s office said. The average Wall Street bonus fell 26% last year, the…

Biden calls for new rules for large regional banks

marketwatch.com President Joe Biden on Thursday called on regulators to implement new rules for large regional banks, building on a pledge that he made earlier this month just after the…

Wall St. Bonuses Drop 26% as Deal-Making Cools

nytimes.com Bonuses for Wall Street workers fell 26 percent in 2022, as a slowdown in deal-making cast a chill on the industry after a surge in previous years. The data, which was…

The guy who bid $190 million for the Flatiron Building didn’t show up with the money

fortune.com Ever heard the expression (or some variation of it), don’t write a check you can’t cash? That became literal in the sale of one of the world’s most famous skyscrapers: New…

‘The Breakfast Club’ Will Join BET’s 2023 Programming Lineup

billboard.com BET has joined forces with iHeartMedia to bring over the award-winning radio show The Breakfast Club to its 2023 programming lineup. The famous show from New York’s Power…

Regal Cinemas will give you a free movie ticket in exchange for a potato

fortune.com Forget $3 admission fees on National Cinema Day and concessions bought with crypto, the new weirdness in cinema is using a potato to get into the movies. Regal Cinemas will,…

Why skinny soda cans are everywhere

cnn.com Beverage brands rely on packaging shape and design to draw in consumers. Now they’re counting on a new slew of skinny aluminum cans to subtly signal to consumers that their…

BET Snags ‘Breakfast Club’ TV Broadcast in iHeartMedia Partnership (Exclusive)

hollywoodreporter.com BET is getting back into the daily programming game for the first time in almost a decade. The Paramount Global-owned cable outlet has partnered with iHeartMedia to air a…

Cohen Media Group Drops Trailer for Francois Ozon’s Drama ‘Everything Went Fine’ (EXCLUSIVE)

variety.com Cohen Media Group has dropped the trailer for Francois Ozon’s drama “Everything Went Fine” ahead of its theatrical release in New York on April 14 and Los Angeles on April…

DeSantis’ pitch to New York donors: I’m not a chaos agent

politico.com New York’s political status as a deep blue state rarely deters Republican hopefuls from casting about for wealthy backers — and Ron DeSantis is no exception. The Florida…

Rep. Tim Burchett's viral Nashville shooting response is gross, defeatist

msnbc.com On Monday, six people, three of them children who didn’t live to see age 9, were murdered in Nashville at the hands of a shooter armed with assault-style weapons. This…

Crypto Didn’t Play a Direct Role in Bank Failures: U.S. Treasury Official

watcher.guru In early March, a couple of major U.S. banks were on the verge of collapse. However, the federal government along with other prominent financial institutions stepped in and…

Virtual Couture? Vivienne Tam’s First NFT Dress Struts Around Metaverse Fashion Week

decrypt.co When is a piece of clothing just a piece of clothing, and when is it fashion? If that question’s too perplexing, try this one: when should a piece of virtual clothing be…

Knicks superfan won’t be allowed into MSG for playoffs under appeals court ruling

gothamist.com The Knicks may have their best playoff shot in a decade, but one superfan — and corporate attorney — won’t be getting a piece of the action. Madison Square Garden…

Court Lifts Ban on Legal Weed Shops in Brooklyn, Buffalo and Beyond

nytimes.com After the partially lifted injunction, state cannabis regulators will be able to issue licenses in Central New York, Western New York, the Mid-Hudson region and Brooklyn.…

Jonathan Toews Returns To Practice With The Blackhawks’ Rebuild In Full Swing

forbes.com With just over two weeks left in the Chicago Blackhawks’ 2022-23 season, Jonathan Toews returned to practice with his teammates on Tuesday. It’s a positive step, but it’s…

Three Shows Examine the Digital Art Tango

wsj.com Whether you view the exponential incursion of new media as cause for celebration or concern, check out three concurrent group shows if you’re at all curious about the past…

James Dolan can ban lawyers suing MSG

nypost.com James Dolan is allowed to ban attorneys who are suing his company from events at Madison Square Garden and his other venues, according to a court ruling — but one banned…

SEC claims Beaxy founder took ICO funds for gambling

protos.com The Securities and Exchange Commission (SEC) has filed a lawsuit against Beaxy, affiliated entities, and executives for operating an unlicensed securities exchange. The…

Politico promotes two and hires one for its politics coverage

talkingbiznews.com The following excerpt was sent out from Politico’s deputy managing editor for politics Sam Stein: Politics. Policy. Power. These are the three pillars at the heart of…

Schumer’s highway to the Catskills angers environmentalists

politico.com NEW YORK — Thousands of New Yorkers escape the sweltering heat of the concrete jungle each summer by fleeing their Brooklyn brownstones and Upper West Side co-ops and…

Israel Bank Stocks Set to Beat World Peers Despite Country’s Political Turmoil

247wallst.com March has been a brutal month for banking stocks. In the U.S., roiled by the one-two-punch collapse of Silicon Valley Bank (US:SIVB) and New York’s Signature Bank (US:SBNY),…

CFPB Says States Can Extend Disclosure Laws to Commercial Financing

pymnts.com States can continue extending disclosure laws covering lending to businesses. The Consumer Financial Protection Bureau (CFPB) said in a Tuesday (March 28) preemption…

New York International FC Supports EV Loves NYC Bid To Tackle Food Insecurity

forbes.com New York International Football Club (NYIFC) was established in 2019 when, in the midst of its first season, a global pandemic hit. Around the same time, Sasha Allenby and…