Presidential Election of 2024

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      Naked Emperors and Crypto Campaign Cash

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      Once upon a time there was an emperor who loved being fashion-forward. So he was receptive to some fast-talking tailors who promised to make him a suit out of new, high-technology fabric — a suit so comfortable that it would feel as if he were wearing nothing at all. “Fortune favors the brave,” they told him.Of course, the reason the suit was so comfortable was that it didn’t exist; the emperor was walking around naked. But the members of Congress who made up his retinue didn’t dare tell him. For they knew that the tailors deceiving the emperor controlled lavishly funded super PACs that would spend large sums to destroy the career of anyone revealing their scam.OK, I changed the story a bit. But it’s one way to understand the remarkably large role the crypto industry is playing in campaign finance this year.Bitcoin, the original cryptocurrency, was introduced 15 years ago and was promoted as a replacement for old-fashioned money. But it has yet to find significant uses that don’t involve some sort of criminal activity. The crypto industry itself has been racked by theft and scams.But while crypto has thus far been largely unable to find legitimate applications for its products, it has been spectacularly successful at marketing its offerings. Cryptocurrencies, which are traded for other crypto assets but otherwise mainly seem suited for things like money laundering and extortion, are currently worth around $2 trillion.And in this election cycle the crypto industry has become a huge player in campaign finance. I mean huge: Crypto, which isn’t a big industry in terms of employment or output (even if you posit, for the sake of argument, that what it produces is actually worth something), accounts for almost half of corporate spending on political action committees this cycle.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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      At Arlington, Trump Returns to the Politics of the ‘Forever Wars’

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      The 2024 presidential race is the first in 24 years without a major American ground war, but Donald J. Trump continues to stoke division over the post-9/11 conflicts that helped give rise to his movement.Follow along with the latest election updates as Harris and Trump hit the campaign trail.The extraordinary altercation on Monday between Trump campaign aides and an Arlington National Cemetery official over political photography on sacred military ground is playing out in a hyperpartisan moment when war records and former President Donald J. Trump’s respect for military service are already up for debate.But the conflict at Arlington Cemetery’s Section 60, reserved for those recently killed in America’s wars abroad, points to a deeper issue for Mr. Trump and his core foreign policy identity: The 2024 presidential campaign between the former president and Vice President Kamala Harris is the first in 24 years to unfold without an active American ground war.Mr. Trump’s rise in 2016 signified a major break from the foreign policy orthodoxy of both major parties, which believed in a U.S.-led internationalism and the projection of force abroad, whether it was the wars launched by George W. Bush in Afghanistan and Iraq or the conflicts embraced by Democrats to thwart ethnic cleansing in Kosovo and Bosnia and to end a dictatorship in Libya. That year, it was the Republican, Mr. Trump, who spoke of ending war, and the Democrat, Hillary Clinton, who bore the unpopular mantle of military aggression with her vote authorizing the invasion of Iraq and her muscular diplomacy as secretary of state.Mr. Trump has used the chaotic withdrawal from Afghanistan during the Biden administration to resurrect his critiques of the “forever wars” that in part powered his movement. Now, he warns of a looming “World War III,” promises to end the war in Ukraine before he is inaugurated and brags that his relationships with authoritarian leaders like Xi Jinping of China, Vladimir V. Putin of Russia and Kim Jong-un of North Korea will restore stability and allow him to focus on securing domestic tranquillity.Mr. Trump is the candidate of peace through strength, said Brian Hughes, a Trump campaign senior adviser, while Ms. Harris is “the candidate of war because as ‘the last person in the room’ with Biden before the Afghanistan debacle, we are closer than ever to a world war than any other time in the last 50 years.”But to Mr. Trump’s political opponents, his arguments are having trouble sticking in part because voters do not believe his warnings of imminent American warfare.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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      Telluride Film Festival Embraces a Political Lineup

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      The films partly reflect the business realities of Hollywood, which is still grappling with the aftereffects of the writers’ and actors’ strikes last year.As luck would have it, the documentary filmmaker Matt Tyrnauer was recording a conversation with James Carville, the longtime political analyst and subject of Mr. Tyrnauer’s new movie, in May 2023 when a national poll revealed that likely voters favored former President Donald J. Trump over President Biden by seven percentage points.“It knocked me right off my horse,” Mr. Carville said in the film. That moment set in motion his contentious 18-month campaign to encourage Mr. Biden to drop out of the race.“I was old. I knew a little bit about what the job entailed, and I had a platform,” Mr. Carville, 79, said in a recent interview. “I felt like I didn’t have another choice.”Mr. Tyrnauer didn’t have much of a choice, either: He needed to change his film, initially about Mr. Carville’s 30-year career as a very public political consultant, into a more immediate chronicle of Mr. Carville’s effort to alter the course of the presidential election and Mr. Biden’s decision to drop out of the race.On Friday, the final result — “Carville: Winning Is Everything, Stupid!” — will debut at the Telluride Film Festival. It is one of 15 documentary films, many about current events, at the Labor Day weekend festival, a four-day confab in the San Juan Mountains of Colorado that caters to Hollywood’s cognoscenti and is often a harbinger for the fall awards season.Others include “Zurawski v Texas,” from the directors Maisie Crow and Abbie Perrault, which tracks the efforts of Molly Duane, a lawyer with the Center for Reproductive Rights, to fight a Texas law that limits health care options for pregnant women. (The lead plaintiff in the case, Amanda Zurawski, and her husband, Josh, appeared onstage at the Democratic National Convention last week to share their story.) “Separated,” from the famed director Errol Morris (“The Fog of War”), examines the U.S. border family-separation policy enacted by the Trump administration. “No Other Land,” a joint project by a Palestinian activist and an Israeli journalist, details daily life for a West Bank village under Israeli occupation.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 Campaign Filming at Arlington Cemetery Dismayed Family of Green Beret

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      The family of a Green Beret who died by suicide after serving eight combat tours and is buried at Arlington National Cemetery expressed concern on Wednesday that Donald J. Trump’s campaign had filmed his gravesite without permission as Mr. Trump stood in an area where campaign photography isn’t allowed.Relatives of Master Sgt. Andrew Marckesano issued their statement two days after Mr. Trump’s visit, which also included a confrontation between members of the Trump campaign and an Arlington employee. The former president’s campaign took video in a heavily restricted section of the cemetery known as Section 60, which is largely reserved for the fallen veterans of the Iraq and Afghanistan wars.A woman who works at the cemetery filed an incident report with the military authorities over the altercation. But the official, who has not been identified, later declined to press charges. Military officials said she feared Mr. Trump’s supporters pursuing retaliation.Sergeant Marckesano died on July 7, 2020, after moving to Washington to begin a job at the Pentagon. He had three children, and friends said he had chronic post-traumatic stress disorder from his time in combat. He earned Silver and Bronze Stars during his service. His gravesite is adjacent to that of Staff Sergeant Darin Taylor Hoover, a Marine who was killed in the 2021 bombing at Abbey Gate outside the Kabul airport in Afghanistan.The Hoover family granted permission to the Trump team to film and take photographs at the gravesite; the Marckesano family did not, and filming and photographing at the gravesite for political purposes is a violation of federal law, according to cemetery officials. Yet Sergeant Marckesano’s grave was shown in photos from the visit that were published online. A video was posted to Mr. Trump’s TikTok account featuring footage from the Section 60 visit and the gravestones from behind, with narration criticizing the handling of the U.S. withdrawal from Afghanistan in 2021.In a statement from Sergeant Marckesano’s relatives after being contacted by The New York Times, his sister, Michele, said, “We fully support Staff Sergeant Darin Hoover’s family and the other families in their quest for answers and accountability regarding the Afghanistan withdrawal and the tragedy at Abbey Gate.”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 Kamala Harris Interview Worth Revisiting Now

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      ‘She didn’t break eye contact. It was intense. You feel on trial.’Vice President Kamala Harris and her running mate, Gov. Tim Walz of Minnesota, will sit down with Dana Bash of CNN tomorrow at 9 p.m. Eastern for the first major television interview of their presidential campaign.It’s a high-stakes moment for their nascent candidacy, a chance to define their campaign, defend their ideas and test their political dexterity in the run-up to Harris’s debate against former President Donald Trump on Sept. 10.It’s also an opportunity, following a month of rallies and campaign speeches, for the pair to tell a deeper story about themselves and their vision.But getting them to do that might not be easy.My colleague Astead Herndon, friend of the newsletter and host of the podcast “The Run-Up,” interviewed Harris as part of his reporting for a profile he wrote of Harris last year.The interview was contentious, but revealing, too, and I think it’s worth revisiting now. I called Astead to ask him what it taught him, and what he’s looking for from Harris’s interview tomorrow. Our conversation was edited and condensed.JB: Astead, thank you for joining me! You’ve held sit-down interviews with Harris twice, once in 2019 and once in 2023. How were those two interviews different?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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      How Wall Street Learned About Last Week’s Labor Data Before the Public

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      The Labor Department provided insight into a recent lapse in which revised payrolls data were given out à la carte before they were online.Banks and research firms that serve hedge funds managed to confirm a closely-watched economic data last week as much as 20 minutes before the data was posted online, giving them a possible jump on financial market trading — the latest in a series of lapses at the Bureau of Labor Statistics.Now, details into what happened are beginning to emerge.A technical issue prevented the data, which showed a large downward revision to job growth in 2023 and early 2024, from publishing on the agency’s website at 10 a.m. as scheduled last Wednesday, according to details provided by the Department of Labor.In response, agency technology staff began to load the data onto the site manually. At that point, starting a bit after 10:10 a.m., other bureau staff could see the update on the website — even though it wouldn’t be visible to the public until 10:32 a.m. And bureau staff began replying to people, including Wall Street firms, who called or emailed with questions. That enabled some to get access to key data before others.It isn’t clear how many investors got early access to the data, or whether anyone actually traded on the information. The revisions ultimately did not have a huge effect on stock markets. But the fact that Wall Street funds that make money by betting on every minor move in economic data — including reports like this one — managed to access the figures before the public at large has raised serious questions about what happened.Part of the problem, according to the information provided by the department, is that the payroll revision data was not considered a “news release” like the monthly jobs data and inflation numbers. Those data are subject to strict to controls to avoid leaks. Instead, it was considered a “website release,” which has fewer guardrails.Unlike with a news release, the bureau had no backup plan to make sure there was a way to quickly push a website update out to the broader public, such as with prepared social media posts of data highlights.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 Team Clashed With Official at Arlington National Cemetery

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      Members of Donald J. Trump’s campaign team and an official at Arlington National Cemetery confronted each other during the former president’s visit to the cemetery on Monday, the military cemetery said in a statement on Tuesday.The altercation was prompted, according to Trump campaign officials, by the presence of a photographer in a section of the cemetery where American troops who were killed in recent wars are buried. The cemetery released a statement saying that federal law prohibits political campaigning or “election-related” activities within Army cemeteries, including by photographers.An official with the cemetery tried to “physically block” members of Mr. Trump’s team, Steven Cheung, a Trump campaign spokesman, said in a statement. Mr. Cheung added that the cemetery official was “clearly suffering from a mental health episode” and that the campaign was prepared to release footage of the confrontation to support its account of the clash. The campaign did not provide that footage after several requests.Chris LaCivita, a top Trump campaign adviser, added in a separate statement that the cemetery official was “a disgrace and does not deserve to represent the hollowed grounds of Arlington National Cemetery.”Cemetery officials did not provide their own account of the encounter, saying instead that “there was an incident, and a report was filed.”The cemetery added that it had “reinforced and widely shared” to the Trump campaign the federal laws prohibiting campaign activities by photographers “or any other persons attending for purposes, or in direct support of a partisan political candidate’s campaign.”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