Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 247 claims in Economy with evidence either way, 93% held up.
Showing 81-100 of 1595 claims
Some industry officials expect the Epstein disclosures to usher in new protocols regarding potential donors, though there is debate about whether they would prove effective.
Even apart from Mr. Epstein’s 2008 conviction, James M. Langley, the president of a philanthropy consultancy, said the donor’s limited giving record should have raised alarms.
Universities have long debated approaches to so-called tainted money.
Most due diligence policies, industry officials said, are usually built around gift acceptance, not solicitation.
Mr. Epstein rarely followed through with the multimillion-dollar contributions he suggested were on offer, but he drew people in and appeared attentive to academia’s unending quest to pay its bills.
Although the most recent federal data shows American colleges and universities collectively have more than $927 billion across their endowments, many of those funds have severe restrictions, limiting how they may be used and leaving academia more financially squeezed than the headline figure suggests.
For example, a Harvard professor, whose program received millions from Mr. Epstein, greenlit proposals made by the financier’s publicist to feature Mr. Epstein on a university website.
Private philanthropy has long been an essential part of higher education’s business model, and some college presidents say they spend at least a quarter of their time fund-raising.
Ohio State University said in 2020 that it would donate the full value of Jeffrey Epstein’s contributions to an initiative to fight human trafficking.
That race penalizes laggards.
Expect tactical shifts toward profitable trucks not open defiance
They might expand their gasoline car lineups.
Most likely would not abandon electrification completely.
Carmakers around the world are scrambling to secure enough E.V. batteries.
If they want to compete in Europe or East Asia, they really need to be able to produce these E.V.s.
Automakers were likely to hedge their bets.
The United States would increasingly cede the future of automotive technology to Chinese electric vehicle giants like BYD.
Those larger trucks and S.U.V.s tend to make them more money.
Eliminating fines saves automakers significant compliance costs.
Any resulting shift by American automakers toward gas guzzlers that can’t be sold in Europe or China could further isolate the U.S. market.
Recently analyzed in Economy
While some price increases stemmed from tariffs on imports, other factors like housing and food costs played a larger role.
June inflation hit its highest level since February, fueled by Trump's tariffs increasing prices on various goods.
Prices are now starting to rise because of tariffs.
The risk is that investors begin to doubt that the United States will pay back its debts and start demanding higher interest rates, stunting borrowing across the economy.
The New York Times
The country is still on track to borrow what economists consider an alarming amount of money in the coming years.
The New York Times