stLouISTKeeping the Fed Independent—to Serve Wall Street
Chair Jerome Powell is battling to keep control of the Federal Reserve. He and Trump agree on weak regulation. On cheap money policy, Trump is winning.
Prospect
A Private Equity Hospital Bankruptcy Gets a True-Crime Twist
Prospect Medical Holdings is the latest sordid tale of legalized hospital embezzlement killing patients and communities. But the judge assigned to its bankruptcy raises eyebrows in a good way.
Blowback
Today on TAP: The catastrophic L.A. fires will cast a harsh, clarifying light on Donald Trump and Elon Musk.
Labor’s Prodigal Son Returns
SEIU rejoins the AFL-CIO, even as arresting labor’s decline remains a daunting challenge.
Q&A: Taking On the Biggest Problems and the Biggest Companies
An exit interview with Jonathan Kanter, Biden’s head of the Justice Department Antitrust Division
Suicide by Rental Truck: America Gets Another Violent Wake-Up Call From Vets in Distress
Twenty years of war has created tens of thousands of broken men and women.
The Prospect Weekly Roundup: California Burning
On our live show, David and Harold talk about their common experiences on the Westside of Los Angeles, epicenter of the terrible wildfires raging across Southern California.
The Next Financial Crisis: Insurance
Today on TAP: Increasing damage from fires, hurricanes, and floods will destabilize a lightly regulated industry—and spill over into broader financial markets.
Opening the DNC’s Black Box
Why we’re publishing a previously undisclosed list of all 448 members of the Democratic National Committee
Canada Isn’t Going MAGA
Justin Trudeau got himself into a fine mess, but the incoming Trump administration may be overestimating how pliable the next prime minister might be.
Big Banks Pick Inopportune Moment to Ditch Climate Commitments
As Los Angeles burns, the biggest banks have disclaimed membership in the Net-Zero Banking Alliance. Mother Nature won’t take pity on them.
The L.A. Apocalypse Was Entirely Predictable
Today on TAP: The hills above my hometown regularly catch fire, and developers regularly build there nonetheless.
When the Government Actually Governs
The Biden administration’s antitrust agencies are hitting the tape with new rules and enforcement actions.
Trump’s Attack on Government Capacity Will Fan the Flames of the Home Insurance Crisis
The U.S. Forest Service is already underfunded and understaffed. Slashing its resources further is likely to unleash more severe wildfires.
These Teachers Will Have to Cross Party Lines to Get a Union
Can educators in California’s largest nonunion public school district—in a county that flipped to Trump—upend a 65-year tradition?
The Conflagration in L.A.
Today on TAP: My adopted city is in flames, and we’re collectively to blame.
The CIA Director Received Cooler Gifts Than the Secretary of State. Here’s Why.
Bill Burns was America’s best diplomatic asset in the Biden years. He was also the nation’s spy chief.
Michael Barr Hands the Fed’s Financial Regulation Powers to Trump
The Fed’s vice chair of supervision is stepping down to avoid a fight with the incoming president.
Striking Down the Nippon Deal
Today on TAP: National security requires worker security—and some worker power—too.
Disney’s Catch and Kill
Disney wanted to corner the market on sports streaming. A rival blocked them. So Disney bought the rival.