David Dayen

CNN's Democratic debate was an inevitable by-product of turning news into an entertainment and cultural product

Everyone working for CNN should walk into network president Jeff Zucker’s office and resign en masse on Wednesday morning. A “debate” that spent its opening 25 minutes less efficiently than a Super Bowl pre-game show got dramatically worse as the actual questions got started. Jake Tapper then delivered instructions, warning the candidates not to go over time after CNN saw fit to run the national anthem and then a commercial break after the scheduled start time. The only ones wasting time on debate night would be CNN.

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Democrats must reframe 2020 around Trump’s corruption

The path to defeating Donald Trump next November, in my opinion, does not lie in foreboding warnings of an imminent economic washout. It lies in connecting the corruption at the heart of the family occupying the White House to the broader economy, and showing how this rigged system confines the spoils of growth to those wealthy and connected enough to get in line for the payoff, while everyone else treads water.

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Republicans just proved deficits don’t matter: 'No politician ever lost office for spending more money'

No politician (has) ever lost office for spending more money.” Donald Trump reportedly relayed this message from Mitch McConnell to his staff recently, and you can see that philosophy at work in the two-year budget deal he just struck with Congress.

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How Steve Mnuchin’s path of destruction leads from Wall Street to Trump’s Treasury

The following is an adapted excerpt from the new book Fat Cat: The Steve Mnuchin Story by Rebecca Burns and David Dayen (Strong Arm Press, 2018), available for purchase from Amazon and IndieBound:

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Flying the Unfriendly Skies

When Dr. David Dao was forcibly removed from United Airlines Flight 3411 on April 9, with cell phone cameras documenting the display, the uproar was immediate. People were infuriated by United’s resort to brutality, by the use of law enforcement to solve an overbooking problem, by the bloodied face of the doctor, and by United CEO Oscar Munoz’s ham-handed apology for “re-accommodating” customers.

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The Ultimate Anti-Competitive Mergers

When you need a new mortgage in the future, will your only options be AmazonWellsFargo or AppleChase? The prospect of a mash-up of banking and commerce keeps people like George Washington University law professor Arthur Wilmarth up at night. “This would mean an end to healthy innovation and startups and competition,” said Wilmarth. “I think it is that dire.”

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Electric Car Workers Accuse Tesla of Low Pay and Intimidation

Along Silicon Valley’s interlocking freeways, low-slung tech offices with obscure names like Way.com or Oorja are populated by fresh-faced technologists in badges and pleated slacks, striving to create the next great app. But off the I-880 in Fremont, a white colossus rises from the landscape, a 5.3- million-square-foot monster that stretches across two interchanges. The gray lettering is a full story high: TESLA.

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The Hidden Monopolies That Raise Drug Prices

Rob Frankil of Sellersville, Pennsylvania, followed his father into the family business after college. “My entire life,” he said, “I’ve been involved with managing and owning independent pharmacies.” He now owns two stores, a traditional community pharmacy and another that caters to long-term care facilities.

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Wall Street's Best Friend Trump Aims to Dismantle Dodd-Frank, Which Protects Millions of Americans from Fraud

History teaches us that financial regulations die from a thousand cuts rather than a signifying event. As Cornell University law professor Saule Omarova puts it, “Financial reform is like a big onion. The more layers you peel off, the harder you cry.”

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How the TPP Special Court Crushes Domestic Laws and Plunders the Public

A secretive super-court system called ISDS is threatening to blow up President Barack Obama’s highest foreign policy priority.

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