Oct 5, 2017

Real media strikes back

A pro-media demonstration in front of The New York Times in February. Photo: Kathy Willens / AP

President Trump lashed out at the news media this morning on Twitter, calling "so much of our news" in the United States "just made up-FAKE!" But here are 3 stories that prove real news still matters:

  • The New York Times in a bombshell report exposed decades of sexual harassment by Harvey Weinstein, one of Hollywood's most powerful producers. Eight women spoke on the record , including actress Ashley Judd. Weinstein issued an apology to the Times, promising "to do right by all of [the women he's hurt]" before later promising to sue the paper.
  • The Pittsburgh Post-Gazette published text messages between Rep. Tim Murphy and his mistress, in which he pushed her to have an abortion during a pregnancy scare despite his public pro-life stance. Murphy announced yesterday that he wouldn't be seeking reelection in 2018 before changing his mind today and abruptly resigning, effective later this month.
  • Politico tracked the taxpayer-funded private jet travel of HHS Secretary Tom Price, forcing his resignation. Yesterday, the two reporters behind the Price stories published details of the airport stakeouts and meticulous reporting that underpinned their stories.

Go deeper

Trump lashes out at governors, urges them to "dominate" protesters

Photo: Alex Wong/Getty Images

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according to multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.

2 hours ago - World

Putin sets referendum that could allow him to rule until 2036 for July 1

Putin has not seemed to enjoy governing by video conference. Photo: Alexey Nikolsky/Sputnik/AFP via Getty Images

Russian President Vladimir Putin has set July 1 as the new date for a constitutional referendum that could allow him to remain in power through 2036.

Why it matters: Putin was forced to delay the referendum from April due to the coronavirus pandemic, and has set the date despite Russia's continued struggles to contain its outbreak. Putin's popularity has fallen in recent weeks amid his response to the pandemic and its economic repercussions.

A busy week for IPOs despite upheaval from protests and pandemic

Illustration: Eniola Odetunde/Axios

This week is expected to be the busiest for U.S. IPOs since February, with Warner Music leading a group of four companies that could raise over $3 billion.

Why it matters: This shouldn't be happening, under any traditional rubric for how markets work.