One analyst suggests that Twitter’s best hope is charging users $5 to $10 a month, even if that means losing 80% of its users.
Talent Battle: Hedge Funds vs. Silicon Valley
To compete, some hedge funds are having to do the previously unthinkable and publish parts of their complex and valuable code. Man Group, for instance, has made its database for collecting vast quantities of trading data publicly available. The reason: computer scientists often prefer the more collaborative culture of academia or tech firms to the secrecy of hedge funds.
Trump Pushing Big White House Changes as Russia Crisis Grows
Meetings are set for next week as the president returns from his overseas trip
the president slept only two hours in Saudi Arabia the night before his widely anticipated speech on Islam that he spent little time rehearsing.
.. One major change under consideration would see the president’s social media posts vetted by a team of lawyers, who would decide if any needed to be adjusted or curtailed. The idea, said one of Mr. Trump’s advisers, is to create a system so that tweets “don’t go from the president’s mind out to the universe.”
Some of Mr. Trump’s tweets—from hinting that he may have taped conversations with Mr. Comey to suggesting without any evidence that former President Barack Obama wire-tapped Trump Tower—have opened him to criticism and at times confounded his communications team.
Trump aides have long attempted to rein in his tweeting, and some saw any type of legal vetting as difficult to implement. “I would be shocked if he would agree to that,” said Barry Bennett, a former Trump campaign aide.
.. Some senior administration officials said they are considering hiring their own private attorneys... the president may also bring back a trio of former campaign officials: Corey Lewandowski and David Bossie, to handle communications and political duties related to the investigation, and David Urban, for a senior White House job.
- .. Mr. Bossie, the deputy campaign manager, is a long-time political operative who worked for the House oversight committee in the 1990s.
- Mr. Urban worked as a top Republican Senate aide in the late 1990s during the Bill Clinton impeachment proceedings.
.. “The most important thing is Trump listens to them,” one senior administration official said. “And it will free up the rest of the White House to focus on health care, taxes and the things we should be worrying about.”
.. Mr. Lewandowski’s return may prove awkward internally. He was accused of assaulting a reporter at a campaign event—charges were eventually dropped—and Trump family members believed he was peddling negative stories about Mr. Trump’s son-in-law and senior adviser Jared Kushner, campaign officials said at the time. He was pushed out at the behest of Mr. Trump’s children.
.. One White House official said that Mr. Spicer, parodied by comedian Melissa McCarthy on “Saturday Night Live,” has taken on an unwanted celebrity status that threatens to undercut his effectiveness as a spokesman. “I wouldn’t wish being parodied on Saturday Night Live on anybody,” the official said.
.. Mr. Bannon’s critics say they suspect him of leaking to the press and regard him as too much of a firebrand to massage the president’s agenda through Washington’s traditional processes. Mr. Kushner’s detractors in the West Wing refer to him as the “young princeling.”
.. questioned the judgment of communications officials, citing as an example the rollout of a tax-plan outline in April that featured Goldman Sachs alumni Steven Mnuchin, the Treasury secretary, and Gary Cohn
.. “The left is automatically going to say the tax plan is tailored to the rich and to Wall Street. And we just gave them an image of the rich and of Wall Street,” one Trump former campaign official said.
Is $60 million really not enough for the Obamas?
In collecting $400,000 from a Wall Street investment firm to make a single speech, Barack Obama is following in the Gucci-clad footsteps of past presidents. Ronald Reagan landed a $2 million speaking gig in Japan. George W. Bush, on his way out, announced it was time to “replenish the ol’ coffers.” Bill and Hillary Clinton reported making more than $235 million after leaving the White House.
But to acknowledge that Obama has plenty of precedent on his side is not to say that his choice is wise. Indeed, it’s unfortunate.
.. It comes after a campaign in which Hillary Clinton’s Goldman Sachs speaking fees became a symbol of entitled elitism. So imagine the powerful message Obama would have sent — the reverse precedent — had he chosen to renounce this road to riches.
.. Or, imagine this, had he chosen to speak publicly, at as many places and on as many topics as he liked. Just not behind closed doors, for an amount equivalent to his White House salary — and seven times what the typical household makes in a year.
.. But is this rapaciousness really the image he wants to cultivate — for himself or for fellow Democrats? Having left his party in such terrible condition, does he really have to offer opponents ammunition to attack him as hypocritical?
.. Hogwash. This isn’t about holding the black guy to a higher standard — it’s about trying to hold everyone to a higher standard. Times have changed, and what was once placidly accepted as post-presidential business-as-usual may no longer be.
.. A wise man once said, “I do think at a certain point you’ve made enough money.