Monday, August 18, 2025

Fox Hedge, a roughly $5 billion fund created for Apollo Global Management Inc. is a highly complicated investment vehicle pushing regulated insurance capital that smells like the initiator of the next global financial crisis

 

Apollo’s Fox Hedge Is Taking Financial Wizardry to a New Level

Private capital firms are going to remarkable lengths to squeeze out more returns for their regulated insurance companies.

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Internal security operations are poor preparation for combat with advanced militaries. And when a military is pulled into politics, it can create paths to promotion that put a premium on personal loyalty, not combat effectiveness.

 

Trump’s Domestic Deployments Are Dangerous For the Military

Opinion Columnist

The irony is that many Democrats pushing Assembly Bill 715 framed as a measure to combat an “antisemitic learning environment.” — such as Assemblymen Rick Chavez Zbur and Jesse Gabriel and State Senator Scott Weiner — have been vocal opponents of Mr. Trump, Mr. DeSantis and Mr. Abbott because of their attacks on free speech and protest. Yet here they are, advancing legislation that comes straight from the same political playbook. They should know better. California should reject this bill, and Democrats across the country should take note.

 

California Democrats Are Fighting Trump’s Battle for Him


Ms. Greenberg Call is a former special adviser to the chief of staff at the Department of the Interior.

Saturday, August 16, 2025

Wednesday, August 13, 2025

While the European Union was frantically negotiating a trade deal with Mr. Trump last month, the bloc more or less killed a free-trade agreement with a clutch of South American countries. The EU-Mercosur agreement, in the works for years, would expand trade between the bloc and Argentina, Brazil, Paraguay and Uruguay. Mercosur countries exported to the EU goods worth €56 billion in 2024, while EU exports to Mercosur totalled €55.2 billion, according to the European Commission. This deal should be a free-trade lay-up. The South American countries export primarily raw materials to Europe, while Europe exports manufactured goods to the Mercosur economies—the kind of comparative advantage that Adam Smith had in mind. It was negotiated to cater to Europe’s neuroses on matters such as precautionary food-safety rules and climate regulations. That’s why it took so many years to finalize

 

Europe’s Free-Trade Fumble


They pound on Trump and then kill a trade pact of their own with Mercosur countries.


 ET

Proponents of racial preferences fear that if schools allow objective measures such as high-school grades and standardized test scores to dominate the admissions process, racial diversity on elite campuses will suffer. That’s a possibility, at least in the short run, given that Asian and white students tend to outperform black students academically. But lowering standards to produce more racial balance on the quad isn’t helping black students so much as it’s using them for aesthetic purposes.

 

Trump Demands the Truth About Affirmative Action


He requires colleges to submit data proving they don’t engage in racial discrimination.


Jason L. Riley

 ET

And yet, the logic behind such mega awards – that they incentivize the CEOs who receive them to perform their best and prevent them from leaving for a competitor – fall apart on reflection. For one, these CEOs already own enormous stakes in the companies they lead. If they double the value of the company, they will double the value of their own stake. If additional billions are what it takes to get them to do their job, the companies don’t have to grant them a single extra share. It’s already baked in. Similarly, if these CEOs are so valuable that losing them would have devastating effects on a company’s value, then that would have the same effect on the net worth of the CEOs. In other words, CEOs who demand such packages are essentially like hostage-takers who put guns to their own head and threaten to pull the trigger.

 

Billion-Dollar Pay Packages Are Disasters-In-Waiting

The notion that outsized compensation awards incentivize CEOs to do their best falls apart on close examination.

It’s too early to say exactly what New York’s next political cycle will bring. But the city is clearly hurtling toward a new social and economic order, much as it was 40 years ago. If Mr. Mamdani intends to lead New York — and maybe America — into this uncertain future, he’s going to need much more than rent freezes and free buses.

 

Mamdani’s Rise Marks the End of a Chapter in American History

Mr. Mahler is a staff writer for The New York Times Magazine and the author of the forthcoming book “The Gods of New York: Egotists, Idealists, Opportunists, and the Birth of the Modern City: 1986-1990,” from which this essay is adapted.