Trump has set up a perfect avenue for potential corruption

“The long answer, however, is that while Trump Media’s valuation is entirely illogical from a financial perspective — as one finance professor told CNN, “The stock is pretty much divorced from fundamentals” — its early success in trading can be boiled down to one simple fact: Donald Trump is running for president, and there’s a decent chance that he’ll be back in the White House this time next year.
Truth Social, in other words, is a way for Trump’s supporters to personally offer him financial support at a time when he desperately needs it. That might be why the company’s volatility looks similar to meme stocks for now. As one analyst told my colleague Nicole Narea, people might buy up Trump Media stock so “they can express their beliefs and commitment.”

For those with deep pockets, it’s also an opportunity to curry favor with the former president.”

https://www.vox.com/24120166/truth-social-stocks-trump-media-corruption

How one city pulled public transit from the brink — and what the rest of the country can learn from it

“That’s why federal Covid relief money was so transformational for agencies like WMATA. It freed them from worrying about revenue — at least in the short term — and gave them the ability to focus on providing a good and affordable service. Had there been no federal aid, DC’s transit agency wouldn’t have been able to invest in hiring staff, improving train and bus frequency, or reducing costs for riders. And ridership would likely be nowhere near where it is today.
Despite this obvious lesson, transportation agencies across the country will still have to overcome a deep-rooted culture in government that deprioritizes transit, dating back to Ronald Reagan and his crusade against welfare and public services. In 1979, President Jimmy Carter proposed a $50 billion spending plan to “reclaim and revitalize America’s transit systems.” But “that initiative fell apart during the Reagan years due to austerity politics,” Freemark said.

The Reagan administration swiftly abandoned Carter’s idea and cut transit funding by over 30 percent. During those years, the idea of meaningfully subsidizing public transit was under attack. David Stockman, Reagan’s first director of the Office of Management and Budget, for example, considered subsidies for transit agencies’ operating costs a “special abomination.”

Since then, the federal government has largely steered clear of subsidizing operating costs of public transit, particularly in large urban areas, and has focused its money mostly on capital improvement projects. So instead of cobbling together funds for necessities like hiring more bus drivers to provide more frequent service, cities end up spending hundreds of millions of dollars on splashy projects like an isolated streetcar line that comparatively serves very few people.

Covid funds changed all of that. Through the various relief packages, the federal government injected $14 billion into transit agencies to make up for lost revenue and pay for day-to-day operations. Agencies like WMATA showed Americans just how much federal subsidies can achieve when they are directed toward operational costs: In 2023, Metro announced that it would run more train service than at any point in its history.”

https://www.vox.com/cities-and-urbanism/24125535/dc-metro-transit-wmata-urbanism-cities-commuting

The untold story of Arab Jews — and their solidarity with Palestinians

The untold story of Arab Jews — and their solidarity with Palestinians

https://www.vox.com/world-politics/24122304/israel-hamas-war-gaza-palestine-arab-jews-mizrahi-solidarity

Florida and Arizona show why abortion attacks are not slowing down

“Since the beginning of April, state Supreme Courts in Florida and Arizona have both issued rulings that will effectively ban abortion care in the third and 14th most populous states.
While both states already had curtailed abortion after the overturn of Roe v. Wade, now Florida’s Supreme Court ruling will trigger a six-week ban (before many people know they’re pregnant) beginning on May 1. And Arizona’s Supreme Court revived a near-total ban that will take effect in two weeks and carries with it a minimum two-year prison sentence for doctors who perform abortions that are not essential for saving their patient’s life.

It’s perhaps fitting that these extreme rulings would come down at the same time that former President Donald Trump attempts to wipe his hands clean of abortion policy in his 2024 presidential campaign.”

https://www.vox.com/2024/4/11/24126617/florida-arizona-abortion-rights-trump-2024