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    Elon Musk, Reid Hoffman and Other Tech Billionaires Brawl Over Politics

    Elon Musk, Reid Hoffman and other tech billionaires, many of whom are part of the “PayPal Mafia,” are openly brawling with one another over politics as tensions rise.Less than an hour after a gunman in Butler, Pa., tried to assassinate Donald J. Trump this month, David Sacks, a venture capitalist based in San Francisco, directed his anger about the incident toward a former colleague.“The Left normalized this,” Mr. Sacks wrote on X, linking to a post about Reid Hoffman, a technology investor and major Democratic donor. Mr. Sacks implied that Mr. Hoffman, a critic of Mr. Trump who had funded a lawsuit accusing the former president of rape and defamation, had helped cause the shooting.Elon Musk, who leads SpaceX and Tesla and previously worked with Mr. Sacks and Mr. Hoffman, then weighed in on X, name-checking Mr. Hoffman and saying people like him “got their dearest wish.”In Silicon Valley, the spectacle of tech billionaire attacking tech billionaire has suddenly exploded, as pro-Trump executives and their Democratic counterparts have openly turned on each other. The brawling has spilled into public view online, at conferences and on podcasts, as debates about the country’s future have turned into personal broadsides.The animus has pit those who once worked side by side and attended each other’s weddings against one another, fraying friendships and alliances that could shift Silicon Valley’s power centers. The fighting has been particularly acute among the “PayPal Mafia,” a wealthy group of tech executives — including Mr. Hoffman, Mr. Musk, Mr. Sacks and the investor Peter Thiel — who worked together at the online payments company in the 1990s and later founded their own companies or turned into high-profile investors.Other tech leaders have also been pulled into the political spats, including Vinod Khosla, a prominent investor, and Marc Andreessen and Ben Horowitz of the Silicon Valley venture firm Andreessen Horowitz.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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    ¿Quién es J. D. Vance, el candidato republicano a la vicepresidencia?

    En los últimos ocho años, Vance pasó de ser un autor exitoso y un crítico declarado de Trump a convertirse en uno de los defensores más fervientes del exmandatario.[Estamos en WhatsApp. Empieza a seguirnos ahora]J. D. Vance, el senador republicano por Ohio que recientemente fue escogido como el compañero de fórmula del expresidente Donald Trump, ha tenido una trayectoria rápida en los últimos ocho años pasando de ser un autor exitoso y un crítico declarado de Trump a convertirse en uno de los defensores más fervientes del exmandatario y, ahora, su segundo al mando.Antes de dedicarse a la política, Vance, de 39 años, era conocido como el autor del libro Hillbilly Elegy (Hillbilly, una elegía rural: Memorias de una familia y una cultura en crisis), un éxito de ventas que relataba su crianza en el seno de una familia pobre y que, a su vez, servía como una especie de análisis sociológico de la clase trabajadora blanca en Estados Unidos. Publicado en el verano previo a la elección de Trump en 2016, y tras su victoria, muchos lectores vieron el libro como un tipo de guía para comprender el apoyo que las comunidades blancas de clase trabajadora le dieron al expresidente.Vance denunció al exmandatario sin piedad durante su campaña de 2016. Pero, para 2022, ya lo había aceptado y gracias a su apoyo ganó unas elecciones primarias republicanas muy concurridas y se convirtió en una voz a favor de Trump en el Congreso.A continuación, presentamos más detalles sobre los antecedentes y las posturas de Vance.Antecedentes personales: Nació en Middletown, Ohio, y pasó parte de su infancia en Jackson, Kentucky, donde fue criado por sus abuelos maternos porque su madre luchaba contra la drogadicción. Luego regresó a Middletown y, cuando terminó el bachillerato, se unió a la infantería de marina. Fue destinado a Irak, donde se dedicó a labores de asuntos públicos. Más tarde, estudió en la Universidad Estatal de Ohio y en la Escuela de Derecho de la Universidad de Yale.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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    Vivek Ramaswamy Is a LinkedIn Post Come to Life

    Last year, for a column I was writing about the power that large asset managers like BlackRock and Vanguard exert over the global economy, I called up Vivek Ramaswamy. He was delighted to hear from me.I don’t mean this as self-aggrandizement. Ramaswamy was set to start Strive, an asset management company he hoped would take on the BlackRocks and Vanguards of the world, and was about to publish his second book, so he had good reason to court media attention. Still, I found his enthusiasm noteworthy; as a journalist who covers Silicon Valley, I’m used to chatting up smooth-operator entrepreneurs eager for coverage, but Ramaswamy’s media hustle was of a different order.He told me I could call him anytime I’d like to bounce ideas off a “thought partner.” He sent me a PDF of his upcoming book — “No one has seen an advance copy yet” — and followed up to ask, seemingly earnestly, for my thoughts on his thesis. And when I joked, in my piece, that the title of his first book, “Woke, Inc.: Inside Corporate America’s Social Justice Scam,” sounded “as if it had been formulated in a lab at Fox News to maximally tickle the base and trigger the libs,” he texted me with an explanation that he suggested I append to the published column:My publisher (Hachette) and I selected the book title long before the word “woke” had become weaponized in the culture wars. Today, I mostly don’t even use that word anymore; it’s not part of my vernacular today. It was suggested to me as a title by a self-identified “far-left” friend in early 2020. The word took on a different valence between then and late 2021 when my book was published. I just wanted you to know that, since I saw you mused about the etymology of the title in your piece. It certainly wasn’t cooked up in a Fox News lab, and in all honesty the goal wasn’t to trigger anyone. If anything, my goal with the book was to provide a unifying voice across culturally fraught questions, and I think most left-wing readers of the book would agree that it was at least clear I tried to do that.Maybe that was all really the case. But I got the impression that he was also trying — a little too hard — to paint himself in a light that he thought might appeal to a lefty Times columnist.In the wake of his breakout performance at last month’s Republican primary debate, much has been made of Ramaswamy’s irrepressible annoyingness — is it a bug that could prevent him from winning the G.O.P. presidential nomination, or is it the feature that could help him secure it? But what I found striking about Ramaswamy, both in our conversations and on the debate stage, was not that he’s especially irritating (how many people who run for president aren’t?) but that he represents a distinct, very familiar flavor of irritation: He’s the epitome of millennial hustle culture, less a Tracy Flick know-it-all than a viral LinkedIn post come to life. The guy who’s always mining and nurturing new connections, always leveraging those connections into the next new thing, always selling and always, always closing.Seen this way, Ramaswamy’s otherwise quixotic-seeming presidential run makes perfect sense. Whether or not it wins him elected office, running for the White House is the ultimate rise and grind, and it probably offers far more upside than down. Incessant, glad-handed striving has already made Ramaswamy a wealthy man. According to a report in Politico this year, his campaign said he’s ready to put more than $100 million into his presidential bid, but because this latest side hustle feeds so neatly into his other projects, it’s hardly clear that the run will be so costly. Measured in name recognition, the expansion of his network or future moneymaking opportunities, running for president could well add to his riches.Take Strive, the management company he co-founded. In “Woke, Inc.,” Ramaswamy lamented what he saw as the pollution of capitalist principles with social justice activism. Rather than focus on the bottom line, he argued, the leaders of America’s largest corporations had allowed their employees and other elites to goad them into adopting what he said are costly political stances on race, gender, climate and other charged issues.This isn’t exactly a groundbreaking position on the right — combating corporate wokeness is basically Ron DeSantis’s whole thing. But whereas DeSantis’s fixation on all things woke is primarily a vehicle for his political ascent, Ramaswamy saw in wokeness a larger opportunity. He would write a book and guest essays assailing corporate E.S.G. (environmental, social and governance) practices, and he was also considering a political run, but to really “move the needle,” he told me, would also require taking on “the asset management ideological cartel.” And backed with a reported $20 million from billionaire investors and tech entrepreneurs he’d courted, among them Bill Ackman and Peter Thiel, he started Strive.That’s not a lot of money with which to take on the giants of asset management — BlackRock and Vanguard each manage trillions in assets — but Ramaswamy’s hustle was unceasing. Three months after it opened for business, Strive announced that it had already attracted $500 million in investments for its anti-woke E.T.F.s, or exchange-traded funds. In June it reported $750 million in assets under management, and this week it reported crossing the $1 billion mark. That’s minuscule compared with the giants, but its growth is significant; in July, Semafor’s Liz Hoffman noted that it took J.P. Morgan two years to reach $1 billion in assets after it started offering E.T.F.s in 2014.“It is a rare feat for any indie issuer to hit $1 billion in first year,” Eric Balchunas, a Bloomberg Intelligence analyst, told Bloomberg News of Strive’s accomplishment. “Ramaswamy’s wealthy backers helped a lot, and running for president probably can’t hurt, either.” You think?Ramaswamy no longer works at Strive. Via email, the company told me that he was the executive chairman of the board and ran day-to-day operations until February, when he stepped down to run for president.But he still has a huge interest in its success. In an S.E.C. filing last month, Ramaswamy is identified as the company’s majority shareholder. In a financial disclosure form filed in June, Ramaswamy valued his stake in Strive at over $50 million — a remarkable amount for a company that’s just about a year old, where he worked for just months. His disclosure listed his stake in Roivant Sciences, a biotech company he was previously the chief executive of, at over $50 million as well. (Forbes recently calculated Ramaswamy’s net worth at around $950 million.)Looking back on my exchange with Ramaswamy, I find it interesting how hard he pushed back on his association with the word “woke”; he hasn’t shied away from it on the campaign trail. In February, when he announced his candidacy in The Wall Street Journal, he wrote that “America is in the midst of a national identity crisis” and that “the Republican Party’s top priority should be to fill this void with an inspiring national identity that dilutes the woke agenda to irrelevance.”But his current comfort with “woke” works for winning over a G.O.P. primary audience. When he needs to cultivate a broader base, whether in the general election or in hopes of expanding his Rolodex for whatever side hustle comes next, I’m sure he won’t hesitate to reach out and tell me just what he thinks I want to hear.Office Hours With Farhad ManjooFarhad wants to chat with readers on the phone. If you’re interested in talking to a New York Times columnist about anything that’s on your mind, please fill out this form. Farhad will select a few readers to call.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

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    The Republican Party Made Trump the Focus of the Midterms

    If Republicans have many things going for them in next week’s elections — an economy that’s like a millstone around Democrats’ necks, fear in the electorate about crime and a chaotic immigration system, President Biden’s low approval ratings — they are also taking what appear to be some enormous risks: having candidates on the ballot who many observers see as too inexperienced, extreme or scandal-burdened to win in November.But they forget that Republicans already took an enormous risk, in 2016, by nominating Donald Trump for president. And not only did they avoid ballot-box suicide to win the election, but it was the beginning of a renaissance for the Republican Party. Mr. Trump’s approach, gleeful culture war combativeness atop core conservative principles, delivered both short-term policy wins and long-sought victories for his party’s base, like tax cuts, a long procession of conservative federal judges, a Supreme Court majority that overturned Roe v. Wade, the American Embassy moved to Jerusalem. He also pleased the Republican right by giving the party a new focus on immigration and shifting its foreign policy away from wars and nation-building in the Middle East.The Republican Party’s strategy in 2022 has been to double down on the Trump approach. Its candidates for the U.S. Senate in Pennsylvania and Georgia, Herschel Walker and Mehmet Oz, are celebrities without political experience, as is Kari Lake, a former Phoenix area news anchor who is now the Republican nominee for governor of Arizona.Blake Masters, running for the U.S. Senate in Arizona, has never held office and is perhaps best known for his association with Peter Thiel, a billionaire co-founder of PayPal, for whom Mr. Masters once worked and with whom he co-authored the 2014 book “Zero to One.” Also close to Mr. Thiel, and likewise a first-time aspirant to office, is the Republican nominee for the U.S. Senate in Ohio, J.D. Vance, famed for his own best-selling book, the 2016 memoir “Hillbilly Elegy.”Mitch McConnell may question “candidate quality,” but the Republican Party’s embrace of apparently high-risk candidates is a sign of confidence, not weakness. The party’s voters feel strongly enough about the populist, pro-Trump positioning that they have supported them over more experienced and less controversial figures.This reinvention is presenting midterm voters with something that looks fresh and new, at a time when the old party identities, and old norms and institutions, seem feeble and impotent.Joe Biden is a living symbol of that. In 2008, the Democrats branded themselves as the party of hope and change. President Biden is the farthest thing from a face of change, and fear of Mr. Trump has characterized the party’s messaging far more than any sense of hope. The Democrats are defensive, and what they’re defending seems to be naturally decaying — a political consensus that has disappointed Americans, fulfilling neither the demands for justice of the passionate left nor the middle class’s expectations for economic growth and stability at home and abroad.In these crumbling conditions, risk may be more attractive than hopeless defensiveness. And the G.O.P. is exciting, for good and for ill, in a way that the Democratic Party has not been since Barack Obama’s re-election. Boldness pays dividends, especially when the fundamental conditions of a midterm election make the risks smaller than they seem.Nominees like Mr. Masters, Mr. Walker and Ms. Lake have been controversial even in some quarters of the Republican Party. They have staked out hard-right political positions and have not backed down from aligning themselves with Mr. Trump even during an election season in which the former president’s conduct during the riot at the U.S. Capitol on Jan. 6, 2021 is the subject of ongoing congressional hearings and his handling of classified material at his Mar-a-Lago residence under scrutiny by the Justice Department. Except for Mr. Walker, these candidates faced early competition in their primaries from experienced Republican officeholders.The party’s gambles look increasingly likely to pay off. Encouraged by recent polls, Republicans expect the right-wing populist approach of 2016 to produce midterm results like those of 1994, when the party picked up both chambers of Congress. Even so, skeptics of Trumpian reinvention of the Republican Party might wonder if its success — assuming it materializes — is not despite, rather than because of, Mr. Trump and his style of politics.Democrats contemplating a “red wave” next week might console themselves with the thought that nothing they could have done would have changed the fundamental forces giving Republicans an advantage this cycle. After all, the president’s party almost always loses seats in midterm elections.If Democrats under Bill Clinton could lose both the U.S. House of Representatives and the Senate in 1994, and Republicans under George W. Bush could lose both in 2006, it may seem like destiny for the Democrats to lose their razor-thin majorities in the House and Senate under President Biden this year. Democrats lost the House in Barack Obama’s first midterm elections in 2010 as well, and the Senate in his second in 2014.What’s more, some Republicans who have defied and opposed Mr. Trump, like Gov. Brian Kemp of Georgia, are also poised to do well on Nov. 8. The former president’s critics in the party might well believe that any version of the Republican Party could do well in this environment, and the they might do even better without the new populist right.These thoughts are a comfort to those who would like to see American politics revert to what had passed for normal in the years before 2016. But they don’t overturn the daunting reality faced by both Democrats and anti-Trump Republicans: The Republican Party has chosen to remake itself in Trump’s image, and the political gestalt he created can win. It won the White House in 2016 and it has held on to the Republican Party as an institution even after the defeats of 2018 and 2020. This year Republican congressional and gubernatorial candidates are more Trump-like than ever, from their views on immigration and foreign policy to their disdain for the Republican Party establishment of the time before Mr. Trump. Experience counts far less than before, certainly in Republican primaries, while candidates like Mr. Walker, Mr. Oz, and Ms. Lake suggest that celebrity appeal will play a growing part in Republican politics, and thus the country’s, in the future.Mr. Vance, 38, and Mr. Masters, 36, for their part show that the reinvented Republican Party is attracting highly talented and intelligent young candidates who are likely to further accelerate the party’s ideological transformation. For its supporters, and perhaps for a wider curious public, the Republican Party has become exciting and evolutionary. While Democrats have taken some risks of their own this cycle, with candidates such as Pennsylvania nominee for U.S. Senate, John Fetterman, the party still seems more reactive than creative.The Republican Party has nominated and primed set to elect a wave of right-wing candidates who will shape American politics in the years ahead with or without Mr. Trump.The Republicans, in short, are taking entrepreneurial risks and have the initiative. And while the conditions of the 2022 midterms allow them to capitalize on it, the impetus itself is what matters most for our future.Daniel McCarthy is the editor of Modern Age: A Conservative Review.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. More

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    In Ohio, G.O.P. Sees a Clean Victory as Democrats Predict an Upset

    Polls show Representative Tim Ryan competing within the margin of error against his Republican opponent, J.D. Vance, in the high-profile Ohio Senate race.CLEVELAND — When Tim Ryan speaks to Democratic crowds in the closing days of the Ohio Senate race, his biggest applause line is about the other team.A Republican official in a “deep-red county,” he recounts, his voice dropping to a stage whisper, told him, “You have no idea how many Republicans are going to quietly vote for you.”The hoots and hollers that break out represent the high hopes of a party that has lost much of its appeal to working-class voters and that sees in Mr. Ryan — a congressman from the Mahoning Valley who has an anti-China, pro-manufacturing message and whose own father is a Republican — a chance to claw back blue-collar credibility.Polls show Mr. Ryan competing within the margin of error against his Republican opponent, J.D. Vance. Mr. Ryan is polling higher than President Biden’s job approval rating in Ohio surveys, and he is outperforming the Democratic candidate for governor, Nan Whaley. That suggests a potentially sizable pool of voters who intend to split their tickets between a Republican for governor and a Democrat for Senate.“This is going to be the upset of the night,” Mr. Ryan said in an interview on his campaign bus on Thursday, as he plied the pro-Democrat shoreline of Lake Erie from Toledo to Cleveland.“There’s a lot of Republicans who would never tell a pollster that they’re voting for me,” he said. “They don’t want to put a yard sign up. They don’t want to get in a fight with the neighbor who’s got the ‘Let’s Go Brandon’ flag.”He said his internal polling showed 12 percent or more of Republicans “coming our way.”But there is also the cold reality of a midterm environment tilting against Democrats almost everywhere, with inflation the top voter concern. Polling in Ohio in recent elections has undercounted the backing for Republican candidates. And there has been a political realignment of Ohio voters in the past decade, which has largely pushed the state off the battleground map.J.D. Vance listening to local elected officials at the annual Darke County Republican Party Hog Roast.Brian Kaiser for The New York TimesWhite Ohioans without college degrees have shifted toward Republicans up and down the ballot, while suburban, college-educated voters have moved to favor Democrats, though less consistently.“Ohio is a much more Republican state than Texas is,” said Mike Hartley, a Republican strategist with 25 years of experience in Ohio. “Democrats talk about things that for a lot of Ohioans offends their core principles and sensibilities, and they run away from the pocketbook issues.”The State of the 2022 Midterm ElectionsElection Day is Tuesday, Nov. 8.Bracing for a Red Wave: Republicans were already favored to flip the House. Now they are looking to run up the score by vying for seats in deep-blue states.Pennsylvania Senate Race: The debate performance by Lt. Gov. John Fetterman, who is still recovering from a stroke, has thrust questions of health to the center of the pivotal race and raised Democratic anxieties.G.O.P. Inflation Plans: Republicans are riding a wave of anger over inflation as they seek to recapture Congress, but few economists expect their proposals to bring down rising prices.Polling Analysis: If these poll results keep up, everything from a Democratic hold in the Senate and a narrow House majority to a total G.O.P. rout becomes imaginable, writes Nate Cohn, The Times’s chief political analyst.Former President Donald J. Trump twice won Ohio with ease by appealing to the economic and cultural anxieties of working-class white voters. In 2020, he grew his support in the state’s industrial northeast — Mr. Ryan’s base — and became the first Republican presidential candidate in 50 years to win Mahoning County, which is home to Youngstown.Bob Paduchik, chairman of the Republican Party of Ohio, brushed off the notion of quiet Republican support for Mr. Ryan. He said county-level absentee voting data and an analysis using Republican National Committee modeling predicted a clean Vance victory.“I don’t know what he thinks he’s looking at,” he said of Mr. Ryan’s assertion of hidden support. “But I’ll take our data, which is based on the R.N.C. modeling, which has hundreds of millions of dollars invested in it.”Despite Mr. Trump’s success in Ohio, Democrats point to the example of Senator Sherrod Brown, a Democrat and gruff-voiced champion of organized labor who won re-election in 2018 by appealing to working-class voters who might not have liked his progressive social priorities, but believed he would fight for their jobs.Mr. Ryan touring a job training facility at McKinley United Methodist Church in Dayton, Ohio. Maddie McGarvey for The New York TimesMr. Ryan, casting himself partly in the Brown mold, is the grandson of a steelworker and a longtime opponent of trade deals that hurt American factories. He has said that President Biden should not seek re-election and he opposed Nancy Pelosi for House speaker. A former college quarterback, he appears in his ads throwing darts in a bar or footballs at TV sets. “You want culture wars? I’m not your guy,” he says.Mr. Ryan pitches himself to voters weary of the divisiveness and anger broiling in America. “I have this conversation with my dad all the time,” he said in the interview, adding that his father “probably” voted for Mr. Trump, twice.“People are tired of the insanity,” Mr. Ryan told a gathering of Democratic activists on the shore of Lake Erie in Sandusky on Thursday. “We’re Ohio. Ohio doesn’t do crazy.”It was a sideswipe at Mr. Vance, who has campaigned with the far-right Representative Marjorie Taylor Greene of Georgia, has flirted with the conspiracy theory that Democrats want to “replace” existing voters with immigrants and has defended Alex Jones as “more reputable” than an MSNBC host.On Friday, speaking to supporters at the county Republican headquarters in Canton, Mr. Vance portrayed his opponent as disingenuous in claiming to be a new-model Democrat. Mr. Vance joked that “maybe we should have invited Tim Ryan” because of the Democrat’s efforts to distance himself from his own party.“This guy is not the moderate that he pretends to be,” Mr. Vance continued. “He’s a guy who bends the knee to Nancy Pelosi and does what he’s told.”One sign that Mr. Ryan remains a long shot is the lack of TV advertising from big-spending groups tied to the Democratic Senate leadership, which have poured tens of millions of dollars into races elsewhere.Mr. Ryan has compensated by raising a staggering $48 million on his own. The money flowed from small donors around the country, many annoyed by Mr. Vance’s political evolution, from the “Hillbilly Elegy” author who denounced Mr. Trump in 2016 as “cultural heroin” to a stalwart Trump supporter. At a rally in Ohio last month, the former president joked that Mr. Vance “is kissing my ass” to win his support.Mr. Vance’s supporters in Cincinnati reacting to the news that he won the Republican primary in May.Maddie McGarvey for The New York TimesMr. Trump is scheduled to return to the state the day before the election for a rally with Mr. Vance in Dayton. Asked at a brief news conference on Friday whether he needed a boost from the former president, Mr. Vance said: “I like the president. I thought his policies deliver prosperity for the state of Ohio, and he wants to come to Ohio, and we’d love to have him in Ohio. It’s really that simple.”Unlike Mr. Ryan, who has shunned campaigning with national Democratic figures, Mr. Vance has embraced national G.O.P. leaders, appearing in Canton with the Republican National Committee chairwoman, Ronna McDaniel, and Senator Rick Scott of Florida, the chairman of the Republican Senate campaign arm.Mr. Vance has largely relied on the Republican cavalry from out of state, most significantly for $28 million in TV ads from a super PAC aligned with Senator Mitch McConnell, the Senate minority leader.Mr. Vance on his own has raised $12.7 million, after his campaign was supported almost exclusively by a super PAC funded by $15 million from the Silicon Valley billionaire Peter Thiel, who once employed Mr. Vance. After Mr. Vance won his primary, Mr. Thiel moved on to other races.On Friday, Ms. McDaniel reminded reporters that polls in Ohio historically have widely missed support for Republicans.“J.D. is actually polling higher than President Trump was heading into the election in 2020,” she said. Mr. Trump went on to win the state by eight percentage points.“What people were seeing in the polling is not new in this state,” Mr. Vance told reporters. “It always overstates things to the benefit of the Democrats.”With a little more than one week before the election on Nov. 8, Mr. Ryan has been making an appeal to unity in these fractured times.“I know you feel the same way as I do,” he told activists in an autoworkers union hall in Cleveland on Thursday night. “I don’t want any more hate. I don’t want any more anger.” He added: “I want people who care about each other. I want some forgiveness. I want some grace.” More

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    Peter Thiel, Major U.S. Political Donor, Is Said to Pursue Maltese Citizenship

    Obtaining citizenship in Malta would provide another passport for Mr. Thiel, who is one of the largest individual donors for the U.S. midterm elections.VALLETTA, Malta — At the end of a narrow road, past crushed beer cans and the remnants of a chain-link fence, a weathered sandstone building overlooks the Mediterranean coast. The British tourist who answered the door of a third-floor apartment had no idea she was staying at the residence of one of the world’s richest men.Peter Thiel, the billionaire and Republican political patron, has declared the two-bedroom apartment that he rents himself as his address while he works toward a goal he has pursued for about a year: becoming a citizen of the tiny island nation of Malta, according to documents viewed by The New York Times and three people with knowledge of the matter.Mr. Thiel, 55, is in the process of acquiring at least his third passport even as he expands his financial influence over American politics. Since backing Donald J. Trump’s 2016 presidential campaign, the technology investor has become one of the largest individual donors in the midterm elections next month, spending more than $30 million on more than a dozen right-wing Congressional candidates who have decried globalization and pledged to put America first.The Malta apartment building that Mr. Thiel has listed as his residential address on the island.Ryan Mac/The New York TimesMr. Thiel has long expressed deep dissatisfaction with what he perceives as America’s decline, railing against bureaucracy and “a completely deranged government” ruled by elites. To address that, he has funded fellowships to push people to drop out of school and start businesses and supported political candidates who would push the country in his preferred direction.All along, Mr. Thiel has also hedged his bets. That includes obtaining foreign passports — Mr. Thiel was born in Germany and holds American and New Zealand passports — that would let him live abroad. He has sought to build a remote compound in a glacier-carved valley in New Zealand, and supported a “seasteading” group that aims to build a city on floating platforms in international waters, outside the jurisdiction of national governments.Through a spokesman, Mr. Thiel, who co-founded the digital payments company PayPal and was Facebook’s first professional investor, declined to comment. His net worth stands at $4.2 billion, according to Forbes.There is no obvious tax benefit to Mr. Thiel to gaining Maltese citizenship, lawyers and immigration experts said, though wealthy Saudi, Russian and Chinese citizens sometimes seek a passport from the island nation for European Union access and to hedge against social or political turmoil at home.It is unclear why Mr. Thiel’s nominal residence in Malta is listed as a 185 euro-a-night vacation rental on Airbnb. Maltese naturalization laws are straightforward for those who can pay more than €500,000 for a passport, but they prohibit would-be citizens from renting out their official residences while their passport application is pending.What is clear is that a Maltese passport would give Mr. Thiel an escape hatch from the United States if his spending doesn’t change the country to his liking. He has started developing business connections in Malta, and is a major shareholder in at least one company registered there in which his husband, Matt Danzeisen, is a director.Mr. Thiel has backed his friend J.D. Vance, who is running for the Senate in Ohio. Mr. Thiel previously employed Mr. Vance.Scott McIntyre for The New York TimesIn the United States, the bulk of Mr. Thiel’s political donations have gone to support two friends who previously worked for him: J.D. Vance, a Republican running for Ohio’s open Senate seat, and Blake Masters, the Republican challenger in Arizona to Senator Mark Kelly. Mr. Vance worked at Mithril Capital, one of Mr. Thiel’s investment funds. Mr. Masters was chief operating officer of Thiel Capital, the billionaire’s family office.Both candidates have espoused a form of nationalism that, in part, blames globalization and leaders’ involvement in international affairs for American stagnation. Mr. Thiel has endorsed that worldview with his money and in speeches, including one at the National Conservatism Conference last year where he called nationalism “a corrective” to the “brain-dead, one-world state” of globalism.The State of the 2022 Midterm ElectionsWith the primaries over, both parties are shifting their focus to the general election on Nov. 8.The Final Stretch: With less than one month until Election Day, Republicans remain favored to take over the House, but momentum in the pitched battle for the Senate has seesawed back and forth.A Surprising Battleground: New York has emerged from a haywire redistricting cycle as perhaps the most consequential congressional battleground in the country. For Democrats, the uncertainty is particularly jarring.Arizona’s Governor’s Race: Democrats are openly expressing their alarm that Katie Hobbs, the party’s nominee for governor in the state, is fumbling a chance to defeat Kari Lake in one of the most closely watched races.Herschel Walker: The Republican Senate nominee in Georgia reportedly paid for an ex-girlfriend’s abortion, but members of his party have learned to tolerate his behavior.“In order for there to be any chance of reversing the wrong direction in which the country has been heading, in Arizona this year it’s Blake or bust,” he wrote in an endorsement on Mr. Masters’s website. Mr. Thiel has supported Mr. Masters’s run by hosting fund-raising dinners and spending $15 million.Mr. Masters was Thiel Capital’s chief operating officer when Mr. Thiel began his Maltese citizenship application. A spokeswoman for Mr. Masters, who left Thiel Capital in March, didn’t respond to questions for comment.Mr. Thiel has also supported the campaign of Blake Masters, who is challenging for one of Arizona’s Senate seats. Mr. Masters previously served as chief operating officer of Thiel Capital, Mr. Thiel’s family office.Adriana Zehbrauskas for The New York TimesMalta, located in the Mediterranean between Europe and North Africa, has been a destination for traders and crusaders for centuries. Outside powers controlled it until 1964; since it gained independence from Britain, it has struggled to build a sustainable economy. The island, which has little industry and few natural resources, joined the European Union in 2004.Malta has found a lucrative economic lever in selling passports. Since 2013, the country’s investor citizenship programs have granted around 2,000 applicants and their families passports, generating millions of euros in revenue.Those offered citizenship on a fast-track route must pay €750,000 into a government fund and maintain a rental or purchased property throughout the 12-month application period and for at least five years after receiving a passport. After that, citizens are no longer required to maintain a residence or live in Malta, which has a population of just over 500,000.Joseph Muscat, Malta’s prime minister who resigned in 2019 amid protests about corruption and the murder of a journalist who was critical of his government, called the passport program “an insurance policy” for wealthy individuals “where they feel there is a great deal of volatility.”“It’s straightforward,” he said. “You pay into a national fund, and the national fund uses that money for infrastructure and for social housing.”The Auberge de Castille, the office of Malta’s prime minister.Darrin Zammit Lupi/ReutersMalta’s fast track for citizenship by investment, or what’s more commonly known as “golden passports,” can take from 12 to 16 months, according to Henley & Partners, a consultancy that developed the Maltese program and helps clients obtain passports around the globe.“We traditionally have had many Americans looking at that, and of those, quite a lot are from the tech sector,” said Christian Kaelin, Henley’s chairman. European Union officials have criticized Malta’s golden passport program. Last month, the European Commission referred Malta to the union’s Court of Justice over the program, noting that citizenship in return for payments “is not compatible with the principle of sincere cooperation” within the bloc. Maltese officials have signaled they will contest any legal challenge.Joseph Mizzi, the head of Community Malta, the agency responsible for selling passports, declined to comment on Mr. Thiel’s application.Mr. Thiel has laid the groundwork for life outside the United States for years. In 2011, he obtained a New Zealand passport after donating 1 million New Zealand dollars to an earthquake relief fund in the country.There is “no other country that aligns more with my view of the future than New Zealand,” he wrote in his passport application, which the local government released in 2017 after reporting from The New Zealand Herald. The news provoked outrage that lawmakers were selling citizenship.Mr. Thiel donated money to Donald J. Trump’s presidential campaign in 2016. Mr. Thiel met with Mr. Trump and Mike Pence at Trump Tower that year.Drew Angerer/Getty ImagesMr. Thiel is going through a similar process in Malta, where he has started laying down business roots. He is an investor in a Malta-based venture fund, Elevat3 Capital, run by Christian Angermayer, a German investor, according to the firm.A spokesman for Mr. Angermayer, who has based his family office and other business ventures in Malta, did not respond to requests for comment.In early 2021, Thiel Capital also became a shareholder in a Malta entity through a byzantine series of developments. The deal involved Coru, a Mexican online financial advice start-up, which has a parent company incorporated in London.Entities controlled by Mr. Thiel and Mr. Danzeisen, his husband, were among Coru’s biggest owners, corporate filings show. The start-up needed additional funding in late 2020, but its investors could not reach an agreement to put more cash in, said two former investors. The company went into administration, the equivalent of bankruptcy.Around that time, Mr. Thiel, Mr. Danzeisen and several other Coru investors established a company in Malta called EUM Holdings Melite Ltd., Maltese records show. That company bought Coru’s shares out of administration for about $100,000, according to British records. The records do not detail EUM’s business activities.Now Coru is owned by EUM. Its shareholders include Mr. Thiel, Mr. Danzeisen, Richard Li — a son of Hong Kong’s richest man, Li Ka-shing — and a group with a former Nicaraguan government official and a scion of the Spanish family that made a fortune selling Lladró porcelain figurines.Mr. Thiel began exploring Maltese citizenship around that time, said people familiar with the process. By late 2021, documents show, he was far along in the application process and retained an agency that fielded questions from the Maltese government about his businesses and political activities.The questions included Mr. Thiel’s role with Palantir Technologies, a data analytics company he founded that works with governments and corporations, and his political activity supporting Mr. Trump.As he applies for Maltese citizenship, Mr. Thiel has cited a two-bedroom apartment in Valletta, Malta’s capital, as a residential address. The apartment is also listed on Airbnb as a short-term vacation rental.Maltese government documents seen by The Times show Mr. Thiel and Mr. Danzeisen listing the apartment in Valletta, the capital, as their address on the island.On a recent visit to the apartment by a Times reporter, a tourist opened the door and said a family member had booked the flat via a short-term rental service. The Times identified a listing for a “2BR Seafront Executive Penthouse” on Airbnb that used Mr. Thiel’s address.Maltese property records show the apartment is owned by Andrew Zammit, a Malta-based lawyer whose firm works on citizenship applications. Mr. Zammit’s wife was named as the host of the Airbnb listing.Mr. Zammit declined to say if he had rented the flat to Mr. Thiel or if the billionaire was applying for a Maltese passport. He also declined to say why the apartment was listed on Airbnb. Within days after The Times inquired about the Airbnb listing, it was made unavailable for future rentals. More

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    3 Senate Hopefuls Denounce Big Tech. They Also Have Deep Ties to It.

    For Republicans running for the Senate this year, “Big Tech” has become a catchall target, a phrase used to condemn the censorship of conservative voices on social media, invasions of privacy and the corruption of America’s youth — or all of the above.But for three candidates in some of the hottest races of 2022 — Blake Masters, J.D. Vance and Mehmet Oz — the denunciations come with a complication: They have deep ties to the industry, either as investors, promoters or employees. What’s more, their work involved some of the questionable uses of consumer data that they now criticize.Mr. Masters and Mr. Vance have embraced the contradictions with the zeal of the converted.“Fundamentally, it is my expertise from having worked in Silicon Valley and worked with these companies that has given me this perspective,” Mr. Masters, who enters the Republican primary election for Senate in Arizona on Tuesday with the wind at his back, said on Wednesday. “As they have grown, they have become too pervasive and too powerful.”Mr. Vance, on the website of his campaign for Ohio’s open Senate seat, calls for the breakup of large technology firms, declaring: “I know the technology industry well. I’ve worked in it and invested in it, and I’m sick of politicians who talk big about Big Tech but do nothing about it. The tech industry promised all of us better lives and faster communication; instead, it steals our private information, sells it to the Chinese, and then censors conservatives and others.”But some technology activists simply aren’t buying it, especially not from two political newcomers whose Senate runs have been bankrolled by Peter Thiel, the first outside investor in Facebook and a longtime board member of the tech giant. Mr. Thiel’s own company, Palantir, works closely with federal military, intelligence and law enforcement agencies eager for access to its secretive data analysis technology.“There’s a massive, hugely profitable industry in tracking what you do online,” said Sacha Haworth, the executive director of the Tech Oversight Project, a new liberal interest group pressing for stricter regulations of technology companies. “Regardless of these candidates’ prospects in the Senate, I would imagine if Peter Thiel is investing in them, he is investing in his future.”Mr. Masters, a protégé of Mr. Thiel’s and the former chief operating officer of Mr. Thiel’s venture capital firm, oversaw investments in Palantir and pressed to spread its technology, which analyzes mountains of raw data to detect patterns that can be used by customers.Palantir’s initial seed money came from the C.I.A., but its technology was adopted widely by the military and even the Los Angeles Police Department. Mr. Masters and Mr. Thiel personally pressed the director of the National Institutes of Health to buy into it.Sharecare, a website whose consortium of investors included Mehmet Oz, answered consumer questions about health issues.Dr. Oz, the Republican nominee for an open Senate seat in Pennsylvania, was part of a consortium of investors that founded Sharecare, a website that offered users the chance to ask questions about health and wellness — and allowed marketers from the health care industry the chance to answer them.A feature of Sharecare, RealAge Test, quizzed tens of millions of users on their health attributes, ostensibly to help shave years off their age, then released the test results to paying customers in the pharmaceutical industry.Mr. Vance, the Republican nominee in Ohio and another Thiel pupil, used Mr. Thiel’s money to form his venture capital firm, Narya Capital, which helped fund Hallow, a Catholic prayer and meditation app whose privacy policies allow it to share some user data for targeted advertising.The Vance campaign said the candidate’s stake in Hallow did not give him or his firm decision-making powers, and Alex Jones, Hallow’s chief executive, said private, sensitive data like journal entries or reflections were encrypted and not sold, rented or otherwise shared with data brokers. He said that “private sensitive personal data” was not shared “with any advertising partners.”Peter Thiel has bankrolled Mr. Masters and J.D. Vance in their Senate campaigns.Marco Bello/Getty ImagesAll three Senate candidates have targeted the technology industry in their campaigns, railing against the harvesting of data from unsuspecting users and invasions of privacy by greedy firms.“These companies take this data and sell precisely targeted ads so effective they verge on predatory,” Mr. Masters wrote in an opinion article last year in The Wall Street Journal. “They then optimize their platforms to keep you online to receive ever more ads.”In a gauzy video posted in July 2021, Mr. Masters says, “The internet, which was supposed to give us an awesome future, is instead being used to shut us up.”Mr. Vance, in a campaign Facebook video, suggested that Congress make data collection illegal — or at least mandate disclosure — before technology companies “harvest our data and then sell it back to us in the form of targeted advertising.”In a December video appearance soon after he announced his campaign, Dr. Oz proclaimed, “I’ve taken on Big Pharma, I’ve gone to battle with Big Tech, I’ve gone up against agrochem companies, big ones, and I’ve got scars to prove it.”It is not surprising that more candidates for high office have deep connections to the technology industry, said Michael Rosen, an adjunct fellow at the conservative American Enterprise Institute who has written extensively about the industry. That’s where the money is these days, he said, and technology’s reach extends through industries including health care, social media, hardware and software and consumer electronics.“What is novel in this cycle is to have candidates ostensibly on the right who are arguing for the government to step in and regulate these companies because, in their view, they cannot be trusted to regulate themselves,” Mr. Rosen said.He expressed surprise that “a free-market, conservative-type candidate thinks that the government will do a fairer and more reliable job of regulating and moderating speech than the private sector would.”Technology experts on the left say candidates like Mr. Masters and Mr. Vance are Trojan horses, taking popular stances to win federal office with no intention of pursuing those positions in the Senate.On his website, Mr. Vance says, “I’m sick of politicians who talk big about Big Tech but do nothing about it.”Maddie McGarvey for The New York TimesMs. Haworth, whose group has taken aim at platforms like Facebook and Amazon, said states like California were already moving forward with regulations to prevent online marketers from steering consumers to certain products or unduly influencing behavior.She said she believed that Republicans, if they took control of Congress, would impose weak federal rules that superseded state regulations.“Democrats should be calling out the hypocrisy here,” she said.Mr. Masters said he was sympathetic to concerns that empowering government to regulate technology would only lead to another kind of abuse, but, he added, “The answer in this age of networked monopolies is not to throw your hands up and shout ‘laissez-faire.’”Multinational technology firms like Google and Facebook, Mr. Masters said, have exceeded national governments in power.As for the “Trojan horse” assertion, he said, “When I am in the U.S. Senate, I am going to deliver on everything I’m saying.”It is not clear that such complex matters will have an impact in the fall campaigns. Jim Lamon, a Republican Senate rival of Mr. Masters’s in Arizona, has aired advertisements tarring him as a “fake” stalking horse for the California technology industry — but with limited effectiveness. At a debate this month, Mr. Lamon said Mr. Masters was “owned” by his paymasters in Big Tech.But Mr. Masters, who has the endorsement of former President Donald J. Trump, appears to be the clear favorite for the nomination.Representative Tim Ryan, Mr. Vance’s Democratic opponent in Ohio, has made glancing references to the “Big Tech billionaires who sip wine in Silicon Valley” and bankroll the Republican’s campaign.John Fetterman, the Democratic opponent of Dr. Oz in Pennsylvania, has not raised the issue.Taylor Van Kirk, a spokeswoman for Mr. Vance, said he was very serious about his promises to limit the influence of technology companies.“J.D. has long been outspoken about his desire to break up Big Tech and hold them accountable for their overreach,” she said. “He strongly believes that their power over our politics and economy needs to be reduced, to protect the constitutional rights of Americans.”Representatives of the Oz campaign did not respond to requests for comment. More