Presidential Election of 2024

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      JD Vance, Elon Musk and the Future of America

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      Beneath all the furor around Donald Trump’s appointments — Matt Gaetz down and out, Pete Hegseth down but maybe coming back, the Kash Patel drama waiting the wings — the most important figures in this administration’s orbit have not changed since Election Day: Besides the president himself, the future of Trumpism is still most likely to be shaped and stamped by two men, JD Vance and Elon Musk.Not just because of their talent and achievements, and not just because Vance is the political heir apparent and Musk would be one of the world’s most influential men even if he didn’t have the ear of the president-elect. It’s also because they represent, more clearly than any other appointee, two potent visions for a 21st century right, and their interaction is likely to shape conservatism for the next four years and beyond.Musk is the dynamist, the believer in growth and innovation and exploration as the lodestars of American civilization. His dynamism was not always especially ideological: The Tesla and SpaceX mogul was once a Barack Obama Democrat, happy to support an active and sometimes spendthrift government so long as it spent freely on his projects. But as Musk has moved right, he has adopted a more libertarian pose, insisting on the profound wastefulness of government spending and the tyranny of the administrative state.Vance meanwhile is the populist, committed to protect and uplift those parts of America neglected or left behind in an age of globalization. Along with his support for the Trumpian causes of tariffs and immigration restriction, this worldview has made him more sympathetic than the average Republican senator to certain forms of government investment — from longstanding programs like Social Security to new ideas about industrial policy and family policy.Despite this contrast, the Musk and Vance worldviews overlap in important ways. Musk has moved in a populist direction on immigration, while Vance has been a venture capitalist and clearly has a strong sympathy for parts of the dynamist worldview, especially its critique of the regulatory state. Both men share a farsighted interest in the collapsing birthrate, a heretofore-fringe issue that’s likely to dominate the later parts of the 21st century. And there is modest-but-real convergence between the Muskian “tech” worldview and Vance’s more “neo-trad” style of religious conservatism, based on not just a shared antipathy toward wokeness but also similar views about the intelligibility of the cosmos and the providential place of humankind in history.So you can imagine a scenario, in Trump’s second term and beyond, where these convergences yield a dynamist-populist fusionism — a conservatism that manages to simultaneously aim for the stars and uplift and protect the working class, in which economic growth and technological progress help renew the heartland (as Musk’s own companies have brought jobs and optimism to South Texas) while also preserving our creaking social compact.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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      Bluesky Is Different From X. For Now.

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      Liberals moving away from X are giving up on the 20th-century ideal of a public sphere, best described by Hannah Arendt as a place that “gathers us together and yet prevents our falling over each other.”Bluesky, the destination of the moment, is experiencing a post-election surge of new users as millions of mostly liberal users of X (nee Twitter) have moved over to the Twitter-like platform, which opened to the public last year. The platform had 13 million users by early November; 10 million more joined over the next month.Now that social media is ubiquitous, growth in one platform often means lost users for another. The Bluesky migration suggests that the broader the “us” gathered together, the harder it is to prevent our falling on another. (Owners of giant social media platforms often imagine they can get good moderation for many users with little effort, when that is a distinctly “pick two” choice.)On social media, the political is personal; migrating Bluesky users are signaling political separation from an increasingly conservative X and giving up on the idea of a town square that holds all voices simultaneously.It’s obvious why liberal users might want to leave X. Since Elon Musk acquired Twitter in 2022 (and renamed it in 2023), he has reshaped the platform to be more welcoming to racism, misogyny and anti-immigrant and antitrans sentiment than even the old freewheeling Twitter. Abandoning early promises to not reinstate barred users without the judgment of a review board, Mr. Musk reversed previous suspensions and bans for Nick Fuentes, an admirer of Hitler; James Lindsay, an anti-L.G.B.T.Q. activist; and, of course, Donald Trump, who was barred after the Jan. 6 insurrection.Mr. Musk hasn’t just made X more conservative; he has also made it harder for users to ignore far-right and MAGA content, dismantling tools they had relied on to filter out those voices. X was originally a rebranding of Twitter, but over time, the service has become, in internet parlance, a Nazi bar.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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      Trump and Harris Campaigns Met to Talk Tactics. It Wasn’t Pretty.

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      Leaders of the Trump and Harris campaigns met this week to talk tactics. It wasn’t pretty.Reader, we wrote you this newsletter in a tense room in Cambridge.The walls were covered in dark-wood paneling. A U-shaped conference table was elegantly draped with maroon tablecloths and decorated with little jars of roses and calla lilies.On one side of the table sat several senior staff members for the Biden-Harris campaign who looked a little bit as if they were undergoing a collective root canal without anesthesia. On the other side sat five leading Trump campaign staff members and allies who looked a little bit as if they were holding the dentist’s drill.After every presidential election, the Institute of Politics at the Harvard Kennedy School invites campaign strategists for both general-election candidates — as well as key staff members from losing primary campaigns — to unload about what happened. The discussions, which take place on panels moderated by journalists, can get heated, as they did in 2016. Maybe some years the event feels cathartic. This year, though, the big word was flawless.Sheila Nix, Vice President Kamala Harris’s campaign chief of staff, used it on Thursday as each campaign outlined over dinner what had been its main strategy, saying Ms. Harris “ran a pretty flawless campaign.” And then Chris LaCivita, one of President-elect Donald Trump’s campaign managers, lobbed the word back at Team Biden/Harris during one of the panels today.“Flawless execution,” he sarcastically interjected, after Jennifer O’Malley Dillon, the chair of the Biden and then the Harris campaign, labored to answer a question about the fateful debate that ended President Biden’s campaign.LaCivita’s interruption got at a central tension in the aftermath of the election, one that has grated on Democrats outside the room and became a target of mockery from the Trump staff members inside it. For a campaign that lost, the Biden-Harris team has been reluctant to admit to specific mistakes — and that pattern continued today. They admitted they had lost, but their diagnosis was more about the mood of the country than tactical errors on their part. The ultimate answer may be a combination of both factors.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 Kennedy Center’s Chairman Won’t Depart After All

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      As the nation’s capital prepares for a second Trump administration, the performing arts center announced that its chairman would not step down in January as planned.The White House was not the only Washington institution planning to welcome new leadership in January. The John F. Kennedy Center for the Performing Arts had announced that its longtime board chairman, David M. Rubenstein, would step down in January and had appointed a search committee to find a successor.But last month, shortly after the presidential election, the Kennedy Center announced that Mr. Rubenstein, a private equity titan who has led its board of 14 years, would stay on in the position until September 2026.The decision ensures continuity at a moment when the Kennedy Center, like much of Washington, is preparing for a second Trump administration. (On Sunday, President Biden is expected to attend the Kennedy Center Honors as it celebrates Francis Ford Coppola, the Grateful Dead and Bonnie Raitt; President-elect Donald J. Trump did not attend the ceremonies during his first term.) But it also raises questions about why the center failed to find a new chair.Deborah F. Rutter, the center’s president, said that on Nov. 15 the board’s search committee decided to keep Mr. Rubenstein on in part because the center is in the quiet phase of an endowment campaign, making a leadership transition “really tough.”“We looked at the needs of the Kennedy Center in a variety of different ways moving forward,” she said in an interview. “It is important for us to have somebody who knows the center and who knows and can play the leadership role that we need.”Mr. Rubenstein, a co-founder and co-chairman of the Carlyle Group, a private equity firm, has given the center $111 million over the years. He was initially appointed by former President George W. Bush. 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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      Musk, Trump, A.I. and Other DealBook Summit Highlights

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      The economy, inflation, tariffs, the future of media, pardon politics and other big topics that made headlines this year.Jeff Bezos was cautiously optimistic that President-elect Donald Trump would be more measured in his second term.Michael M. Santiago/Getty ImagesFour takeaways from the DealBook Summit The U.S. election dominated the news agenda this year, and the two people at the center of Donald Trump’s win came up in nearly every conversation yesterday at the DealBook Summit. The president-elect and Elon Musk may not have been in the room, but questions about how they will shape business and politics were front and center.The general view of the day was cautious optimism, even among those who had publicly criticized Trump and Musk — or been targeted by them.But many questions remain. What will Trump and Musk mean for government, business and the economy? Will they succeed in cutting regulation and government spending? And will they go after their perceived enemies and rivals?Here are four big themes from this year’s event.What will happen with the economy?Most of the speakers were willing to give Trump the benefit of the doubt, or at least played down worries about his most disruptive policy ideas.Jay Powell, the Fed chair, addressed one of the biggest questions hanging over the next administration: Will the president-elect go after the central bank’s independence? No, Powell said emphatically. The Fed, he said, was created by Congress and its autonomy is “the law of the land.”“There is very, very broad support for that set of ideas in Congress in both political parties, on both sides of the Hill, and that’s what really matters,” he said.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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      Bitcoin Price Surges to a Milestone: $100,000

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      The price of a single Bitcoin rose to six figures for the first time, an extraordinary level for a 16-year-old cryptocurrency once dismissed as a sideshow.In May 2010, Laszlo Hanyecz, an early cryptocurrency enthusiast, used Bitcoin to buy two pizzas from Papa John’s. He spent 10,000 Bitcoins, or roughly $40 at the time, in one of the first purchases ever made with the digital currency.It has turned out to be the most expensive dinner in history.On Wednesday, the price of a single Bitcoin rose to more than $100,000, a remarkable milestone for an experimental financial asset that had once been mocked as a sideshow and a fad. The total cost of those pizzas today: $1 billion.Bitcoin now stands as arguably the most successful investment product of the last 20 years. The value of all the coins in circulation is $2 trillion, more than the combined worth of Mastercard, Walmart and JPMorgan Chase. The motley assortment of hackers and political radicals who embraced Bitcoin when it was created by an anonymous coder in 2008 have become millionaires many times over. And the invention has spawned an entire industry anchored by publicly traded companies like Coinbase, a cryptocurrency exchange, and promoted by celebrities, athletes and Elon Musk.Even the president-elect says he is a believer. During the campaign, Donald J. Trump marketed himself as a Bitcoin enthusiast, vowing to create a federal stockpile that could push its price even higher.

      Note: As of 10 p.m. Eastern on Dec. 4Source: Investing.comBy The New York TimesBitcoin began as “essentially an experimental hobbyist project,” said Finn Brunton, the author of a 2019 book about the history of cryptocurrency. “To see where it is now is to see a really impressive feat.”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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      Trump Picks Kelly Loeffler, a Top Donor, to Head Small Business Administration

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      President-elect Donald J. Trump chose Kelly Loeffler, a top donor to Mr. Trump’s 2024 campaign and a former Georgia senator, to head the Small Business Administration.“Kelly will bring her experience in business and Washington to reduce red tape, and unleash opportunity for our Small Businesses to grow, innovate, and thrive,” Mr. Trump wrote in a post on Truth Social on Wednesday. “She will focus on ensuring that SBA is accountable to Taxpayers by cracking down on waste, fraud, and regulatory overreach.”Ms. Loeffler has little experience in public service. She was appointed to fill a vacated Senate seat in Georgia by Gov. Brian Kemp, serving from early 2020 until she was defeated in a special election by the Rev. Raphael Warnock in January 2021. In the final days of her Senate career, Ms. Loeffler played a prominent role in Mr. Trump’s effort to overturn his defeat in the 2020 presidential election.Ms. Loeffler underwent a significant political transformation during the first Trump administration. She had been seen as a moderate, business-oriented Republican when she was appointed to the Senate — a move viewed by many as an effort to make the Georgia Republican Party more widely appealing.But Ms. Loeffler made a hard-right turn in office, portraying herself as a fervent supporter of and rubber stamp for Mr. Trump as she prepared to defend her seat in the 2020 race. Mr. Warnock ultimately won by two percentage points in a runoff election.If confirmed by the Senate, Ms. Loeffler would lead an agency that is responsible for delivering billions in loans and disaster assistance to small businesses across the country. The S.B.A. played a major role during the Covid-19 pandemic, when it distributed hundreds of billions of dollars to help businesses stay open and continue paying their employees.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