It's Day 55 of the Trump presidency, and we still take the bait. MSNBC's Rachel Maddow tweeted before her show last night: "BREAKING: We've got Trump tax returns," implying a cache. It turned out to be two pages, and the White House preempted her by releasing the info first:
What was the mental opportunity cost?
We only have so many hours and brain cells. They're a terrible thing to waste.
Wall Street Journal front-pager, "BANNON'S JOURNEY TO ECONOMIC NATIONALISM: Trump adviser cites father's 2008 financial trauma as a turning point," by Michael Bender in Richmond:
"On Oct. 7, 2008, in the cramped TV room of his modest home here, Marty Bannon watched with alarm as plunging stock markets dragged down his shares of AT&T, the nest egg he built during a 50-year career at the company. ... He sold. Marty Bannon, now 95 years old, still regrets the decision and seethes over Washington's response to the economic crisis.
"His son Steve says the moment crystallized his own antiestablishment outlook and helped trigger a decadelong political hardening. ... 'The world is probably 95% Marty Bannons, and 5% Steve Bannons.'"
Mood music, 22 days from Trump's Mar-a-Lago summit with China President Xi Jinping ("the world's two most powerful men"):
P.S. "Trump Wins Saudi Praise for 'Turning Point' After Meeting Prince," by Bloomberg's Nafeesa Syeed: "Trump welcomed Deputy Crown Prince Mohammed bin Salman to the White House. ... The effusive praise ... reflects the eagerness among Sunni-led Arab nations for a renewed alliance after deep strains with ... Obama, who crafted the 2015 nuclear deal with their Shiite rival Iran."
"The federal government's rapidly aging IT force," by Axios' Shane Savitsky and Andrew Witherspoon: "Last year, nearly 80% of federal IT workers were aged 40 or above — and more than half were over 50."
Axios' Kim Hart and Sara Fischer on the state-of-the-art campaign .... By 2016, voter files were created with digital modeling tools that could predict which voters were likely persuadable or more easily mobilized based on internet consumption data.
James Donovan, a Goldman Sachs managing director and adjunct professor at U.Va. Law, was named Deputy Treasury Secretary last night, in a move that won wide praise for an administration that has had trouble filling top jobs.
Also named to Treasury last night:
Also named by the White House last night:
The Business Roundtable, made up of CEOs of top companies, is drawing top White House names to its quarterly meeting, now going on in Washington:
The Valley will have an "amen" for this David Ignatius column in WashPost: "The real shocker in the WikiLeaks scoop is the demonstration, once again, that the U.S. government can't keep secrets. It makes little sense for the CIA to argue against disclosing its cyber-tricks to computer companies if this valuable information is going to get leaked to adversaries or the hacker underground anyway."
Axios' Kia Kokalitcheva writes from S.F.: "[T]he new Atlantic cover story [Liza Mundy's "Why Is Silicon Valley So Awful to Women?"] is a good read. And I'm sure all the women in the Valley did a collective nod and sigh — this is all too familiar for us."
It's all but certain that the Fed will raise interest rates this afternoon, and the decision will tell us some important information about how officials see the economy and the U.S. labor force.
On the eve of March Madness, financier and philanthropist David Rubenstein (Duke '70) sits down with Duke's Coach K — Mike Krzyzewski, the winningest men's coach in NCAA history — for the second season of Bloomberg's "The David Rubenstein Show: Peer-to-Peer Conversations."
Posts here at 8:30 a.m., and airs on Bloomberg TV tonight at 9.
Coach K: " I was hungry every day."
On the most competitive pro players he has coached: "[P]robably the two biggest assassins ... Jordan is the best player ever. And Kobe Bryant. ... [Y]ou hear expressions like, 'Leave your egos at the door.' And I always told them: 'Don't leave your egos at the door, 'cause I want you to be LeBron and Kobe. But when you bring 'em in, can we play for one ego? Can we play for the U.S.?' And thank God they did."