Trump Continues Pro Goldman Sachs Administration
Obamacare Subsidies Continue – For Now ; Google’s Payments to Apple ... and More Picks
PICKS are stories from many sources, selected by our editors or recommended by our readers because they are important, surprising, troubling, enlightening, inspiring, or amusing. They appear on our site and in our daily newsletter. Please send suggested articles, videos, podcasts, etc. to picks@whowhatwhy.org.
Trump WH Continues Goldman Sachs-Friendly Policy (Russ)
National Economic Chair Steve Cohn has been approached by Goldman-linked lobbying groups for, well, what do you think?
Obamacare Subsidies Continue – For Now (Dan)
The Trump administration has threatened to pull federal subsidies for low-income users on Obamacare healthcare markets. This would, in effect, “implode” the market and force insurers to foot a massive bill previously covered by the government. However the administration is coming under pressure from Democrats and Republicans to continue the subsidies until Congress can settle on a replacement. Will this stop Trump from pulling the subsidies plug?
Google Pays Apple Billions per Year to Remain on the iPhone (Trevin)
The search engine giant’s payments will make up around 5% of Apple’s profits this year, and their iOS devices contribute to about 50% of Google’s search revenue.
In Effort to Shame Bannon, NYT Goes Right (Dan)
Trump’s adviser, Steve Bannon, recently said that there is “no military solution” to North Korea and that “troops should be withdrawn” from the Korean peninsula. Sounds like an idea from a progressive. However the NYT went against Bannon’s advice, using sources that called a withdrawal “preemptive surrender” and labeling the idea as “amateur.”
