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      A Unique Night at the Opera

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      At the Metropolitan Opera with Angelina Jolie. Even if you’re not a fan of classical music, you’ve probably heard the voice of Maria Callas. As opera’s defining diva and one of the greatest performers of the 20th century, she is omnipresent in our culture, nearly 50 years after she died.Now Callas is the subject of “Maria,” a film starring Angelina Jolie, which opened this week in select theaters and goes to Netflix on Dec. 11.“You’ve been hearing Maria your whole life,” Jolie told me. “You just didn’t know it was her.”As The Times’s classical music reporter, I wanted to understand how a Hollywood A-lister prepared to play an opera star. So I invited Jolie to the Metropolitan Opera in New York one recent night for a performance of Puccini’s “Tosca,” a signature opera for Callas. You can read my story about the experience here.Jolie’s every move is tracked by the tabloids, especially since her 2016 divorce from Brad Pitt, which is still playing out in court. She at times seemed uncomfortable with my questions. But she spoke candidly about living in the spotlight; the loneliness she sometimes feels; and why she took seven months of voice lessons for “Maria,” which is directed by Pablo Larraín.In today’s newsletter, I’ll tell you more about Callas and examine the parallels between Callas and Jolie.La DivinaCallas was born in New York to Greek immigrants in 1923, and became renowned for her silky voice and her ability to give her characters the nuances of real people. Known as La Divina to her admirers, she inspired cultish devotion, and fans would sometimes wait in line for days to get tickets for her performances.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Inflation Concerns Loom as Trumponomics Revs Up

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      Investors are bracing for the latest data as the president-elect’s economic agenda of cutting immigration and taxes, while raising tariffs takes shape.Progress on tamping down inflation has stalled in recent months. Will today’s data show more of the same?David Zalubowski/Associated PressTrump puts inflation on the agenda The inflation risk stalking the markets eased over the summer, but it never really went away. It’s front and center again as investors contend with a Trumponomics crackdown on immigration, a rising trade-war risk and a potential bonanza of tax cuts.An important inflation measure comes out at 10 a.m. Eastern: the Personal Consumption Expenditures index report. It’s the Fed’s preferred inflation gauge and one of the last big data releases of the year that the central bank will consider as it ponders when to lower borrowing costs further. (Next week’s jobs report is another.)Donald Trump’s latest trade threats show how uncertain the outlook could be. Since the president-elect this week vowed to impose tariffs on Canada, China and Mexico — the United States’ three biggest trade partners — analysts have been gaming out the potential impact. Economists fear that it could add bottlenecks and costs to supply chains and reignite inflation, and that it could scramble the Fed’s policy on interest rates.A worst-case scenario from Deutsche Bank economists: that core P.C.E. next year would jump by an additional 1.1 percentage points if the Trump tariffs were fully enacted. Is the tariff talk an opening salvo for trade negotiations, or a fait accompli? That uncertainty can be felt in the $28 trillion market for U.S. Treasury notes and bonds: Yields hit a four-month high this month, though they are down on Wednesday. Yields climb when prices fall, and have been especially sensitive to concerns that fiscal policy could fuel inflation.Here’s what to watch for in Wednesday’s P.C.E.:Core P.C.E., which excludes volatile food and food prices, is forecast to come in at 2.8 percent on an annualized basis. That would be 0.29 percent above September’s reading.Such a rise would represent a second straight month of inflation trending higher, putting the level further above the Fed’s 2 percent target. The report “should show another ‘bump in the road’ on the path to 2 percent inflation,” Veronica Clark, an economist at Citigroup, wrote in an investor note this week.The culprits are thought to be shelter inflation — especially house prices, with mortgage rates soaring — and used car prices, as well as higher portfolio management fees.Futures traders on Wednesday were pricing in roughly 60 percent odds of a Fed rate cut next month. But their calculations have been volatile in recent months, and a surprisingly hot number could cause a shift in thinking once again.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Barack Obama’s Big Lesson

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      We cover an analysis of the 2024 election. It remains Barack Obama’s most underrated political skill: his appeal to working-class voters, including those who are white.Obama won most voters without a four-year college degree in his two presidential campaigns. Those majorities helped him win Florida, Iowa, Michigan, Ohio, Pennsylvania and Wisconsin in both campaigns. He even won Indiana and North Carolina once.He did so by both speaking to the economic frustration that resulted from years of slow-growing wages and signaling that he, like most Americans, was moderate on social issues. He made clear that he understood people’s anxiety about the speed of cultural change.He talked about “an awesome God” in the 2004 speech that made him a national figure. He rejected sweeping new policies like single-payer health care. He traveled to the University of Notre Dame as president and said he wanted to reduce the number of abortions. He supported civil unions rather than same-sex marriage when most voters felt similarly.He went on MTV and complained about people who wore their pants too low. (“Some people might not want to see your underwear — I’m one of them,” Obama said.) He took a middle ground on immigration, criticizing both family separations and companies that undercut “American wages by hiring illegal workers.”As time has passed, I think some people have forgotten how conservative Obama could sound. This approach sometimes angered progressives. They called him a sellout, a neoliberal and “the deporter in chief.” But Obama was genuinely moderate in some ways. He also hated treating political disagreements as existential and opponents as the enemy.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Markets Cheer Trump’s Treasury Pick, Scott Bessent

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      Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the president-elect’s economic agenda.Stocks and bonds are gaining on Monday, as investors seem to cheer the pick of Scott Bessent to run the Treasury Department.Dominic Gwinn/Middle East Images/AFP via Getty ImagesA steady hand Stocks and bonds are rising on Monday, and the dollar is down. On the first trading day since Donald Trump chose the billionaire financier Scott Bessent as his pick for Treasury secretary, investors seem to be signaling they like the choice.The hedge fund mogul is seen as a steady hand to enact the president-elect’s economic vision — and, just as important, oversee the $28 trillion Treasuries market. “Investors prefer orthodoxy, predictability, and coherence from economic policy; there were fears that some of the candidates may not possess those attributes. Bessent does,” Paul Donovan, chief economist of UBS Global Wealth Management, wrote in a research note on Monday.The Key Square Group founder overcame serious opposition from some in Trump’s inner circle. Elon Musk derided Bessent as a “business-as-usual choice” and threw his weight behind Howard Lutnick, the C.E.O. of Cantor Fitzgerald. When Trump tapped Lutnick to lead the Commerce Department instead, Bessent was left to fight it out against the likes of Mark Rowan, the boss of Apollo Global Management, the private equity giant.Bessent won a “knife fight” to get the nod. On Wall Street, a document was circulated suggesting that his Key Square hedge fund had underperformed the booming markets. Bessent’s ascent is notable in that he doesn’t appear to have been on Trump’s radar during his first administration.His background as a former Democratic donor who worked with George Soros, a villain for the right, has also been scrutinized. (Interesting fact: Bessent furnished the progressive billionaire financier with key data that prompted Soros to make one of his most famous trades: shorting the British pound.) Some Trump backers, including Palmer Luckey, the defense tech entrepreneur, worried about Bessent’s commitment to the president-elect’s America-first agenda.Investors appear to have fewer qualms. Bessent gets high marks as a fiscal conservative and a champion of growth — at Key Square, he told clients that Trumponomics would usher in an “economic lollapalooza” — through deregulation and lower taxes.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      New Thanksgiving Classics

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      We’ve got a menu for your holiday. The menus are being planned, grocery lists made, details finalized — it’s nearly go time for Thanksgiving, a time for epic feasting and the one day of the year on which even the most reluctant home cooks wander into the kitchen. Are you ready?I’m here to help. We have Thanksgiving recipes for just about every dish you could think of, but today I’m sharing recipes that have become the new classics of the genre: holiday dishes from Cooking that are simple but imbued with intelligence and spark, recipes that are beloved by our readers and indisputably delicious.The menuRomulo Yanes for The New York TimesButtermilk-Brined Roast TurkeySamin Nosrat’s roast turkey is among the most popular and best we’ve ever published, a supersize riff on her justly famous buttermilk-brined roast chicken recipe. Her method calls for three ingredients and produces a turkey with golden brown skin and juicy meat. She did a version for turkey breast, too.Christopher Testani for The New York TimesCheesy Hasselback Potato GratinThis dish is a Thanksgiving powerhouse with a key innovation: Kenji López-Alt, who wrote the recipe, stands the potato slices up vertically, rather than laying them flat, for a singular presentation that also gives you crisp potato edges in every bite.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      What Bondi Might Do as Attorney General

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      Donald Trump’s new pick to lead the Justice Department fought to overturn the Affordable Care Act, and has lobbied for Amazon, Uber and General Motors.Pam Bondi in 2020. She is seen as a Donald Trump loyalist who may lead a shake-up of the Justice Department.Pete Marovich for The New York TimesNew face, same goals?Heads in Washington are still spinning after Donald Trump named Pam Bondi as his choice for attorney general, just hours following Matt Gaetz’s withdrawal from consideration.Bondi, a former Florida attorney general and close ally of the president-elect, would most likely share his and Gaetz’s goal of shaking up the Justice Department. But the switcheroo also raises questions about how willing Republicans might be to push back against the more divisive elements of the Trump agenda.What to know: As Florida’s attorney general, Bondi participated in efforts to overturn the Affordable Care Act and the legalization of marijuana, as well as a multi-state lawsuit against Purdue Pharma, the maker of OxyContin.Since leaving office in 2019, she has worked for the powerful Republican lobbyist Brian Ballard — where her clients included General Motors (labor and tax policy), Amazon (cloud computing and trade) and Uber (the gig economy) — and a separate right-wing think tank that’s close to the Trump transition team.But while she is a favorite of Trump’s, it’s unclear whether she had been on a vetting list for an administration role. The Times reports that she interviewed for the position only on Thursday.It’s also uncertain how Bondi would steer the Justice Department. She is a longtime loyalist who served on the legal team that fought his first impeachment and publicly criticized the prosecutors and judge in his Manhattan criminal trial. “For too long, the partisan Department of Justice has been weaponized against me and other Republicans — Not anymore,” Trump wrote in announcing her selection.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Dissecting the DOGE Playbook

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      Elon Musk and Vivek Ramaswamy have unveiled their first plans to trim government spending, a blueprint that mirrors how the tech mogul cut costs at Twitter. Layoffs and spending cuts are on Elon Musk’s government agenda.Carlos Barria/ReutersThe Twitter approach to government efficiencyDonald Trump picked Elon Musk and the financier Vivek Ramaswamy to tackle one of his administration’s biggest priorities — reducing the size of the federal government.The two have now shed some light on what Trump has called the Department of Government Efficiency plans to do. They appear to be taking a page from Musk’s playbook for extreme cost-cutting.“We won’t just write reports or cut ribbons,” Musk and Ramaswamy wrote in an opinion piece in The Wall Street Journal, addressing skepticism that their initiative, known as DOGE, can achieve. “We’ll cut costs.”How they plan to do it: Musk and Ramaswamy said they would focus on razing agency regulations, laying off government employees and cutting costs, including appropriations for the Corporation for Public Broadcasting and Planned Parenthood. (That said, Congress created the public broadcasting organization and authorizes its budget.)They’ll lean heavily on two recent Supreme Court rulings, West Virginia v. Environmental Protection Agency and Loper Bright Enterprises v. Raimondo, which together sharply curtailed agencies’ ability to act. “These cases suggest that a plethora of current federal regulations exceed the authority Congress has granted under the law,” Musk and Ramaswamy write.DOGE will present a lengthy list of regulations to gut to Trump, who they say would then be free to use executive action to halt their enforcement and then move to rescind them.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Is the Biden Administration Coming for Chrome?

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      The Justice Department is reportedly targeting Google’s web browser as its antitrust enforcers seek to cement a major win before Donald Trump takes office.Can the Biden administration’s antitrust enforcers succeed in breaking up Google before they leave office?Josh Edelson/Agence France-Presse — Getty ImagesA parting antitrust shot by Biden’s enforcersBefore the Biden administration’s antitrust leaders step down, they’re taking their final shots at Big Tech. That will reportedly include an effort to break up Google as a consequence of the Justice Department’s successful competition lawsuit against the company.A forthcoming request to force the sale of the Chrome browser, according to Bloomberg, would be one of the most sweeping competition demands in years. But it will also be a test of the second Trump administration’s own antitrust agenda.Chrome is a crucial part of Google’s business. The industry’s dominant web browser — it controls about 61 percent of the U.S. market, according to Bloomberg — is a potent data-collection portal, steering people to the company’s search engine. That gives Google the ability to track users when they are signed in, and can be used to for targeted ads.Chrome has also become a gateway for Google’s A.I. services, including its Gemini chatbot, which some say could eventually follow user activity across the web.The Justice Department decided against requesting the divestiture of Google’s Android smartphone operating system, Bloomberg reports. But it wants the company to stop bundling it with services including search and the Google Play app store.If successful, the split would cement a crucial legacy for Biden’s antitrust team. It’s unclear how much of the aggressive approach promoted by Lina Khan of the F.T.C. and Jonathan Kanter of the Justice Department will survive. A Chrome divestiture would achieve the kind of corporate breakup that regulators failed to force upon Microsoft two decades ago.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More