(Reuters) – PG&E Corp (N:PCG) rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company’s power lines and other infrastructure within the city, calling the offer inadequate.
Before we get started, do me a favor and grab a pen or a pencil. Now hold it between your teeth, as if you were about to try to write with it. Don’t let your lips touch it. Sit with it, and pay attention to how you feel. Are you glum? Cheerful? Confused? Is that any different than how you felt before? Do you feel like this weird smile tricked your brain into a slight jump in happiness?
Maybe you call it a bubble. Maybe you call it a silo. Maybe you just call it an echo chamber. But whatever metaphorical, narrow and enclosed space you prefer, there’s a good chance you’ve been told that one of the great social problems of our time is Americans getting their political news from biased sources. Conservatives watch Fox News. Liberals watch MSNBC. The news tells us what we already believe and distorts reality around partisan talking points.
(Reuters) – Shepard Smith, the chief news anchor of Fox News and a sometime critic of U.S. President Donald Trump, abruptly quit the network on Friday after 23 years.
(Reuters) – U.S. power company Sempra Energy (N:SRE) is near an agreement to sell its Chilean business to State Grid Corporation of China for close to $3 billion, the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.
Investing.com – Stocks finished at their highest levels in about two weeks as President Donald Trump touted a “substantial phase one deal” that resolves some of the trade disputes between the United States and China.
We think of today’s Washington as being rigidly divided along party lines on nearly every issue. But a bloc of Democrats in the Senate just joined with Republicans and the Trump administration on a bill that would lighten some restrictions on banks imposed by the Dodd-Frank financial regulation law, one of President Obama’s signature policy achievements. Meanwhile, some congressional Republicans are considering legislation that would stop President Trump’s new tariffs on steel and aluminum imports, which several Democrats and labor leaders have publicly supported.
The answer could help the central bank solve one of the most puzzling paradoxes of the modern economy.