Attention to the Unseen

Sigal Samuel writes: There’s a dominant narrative in the media about why tech billionaires are sucking up to Donald Trump: Elon Musk, Mark Zuckerberg, and Jeff Bezos, all of whom have descended on the nation’s capital for the presidential inauguration, either happily support or have largely acquiesced to Trump because they think he’ll offer lower taxes and friendlier regulations. In other words, it’s just about protecting their own selfish business interests. That narrative is not exactly wrong — Trump has…

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  After Republicans took back the Senate with the help of money from the crypto industry, they now have a plan to return the favor. “It is truly one of the most audacious schemes I have ever seen in Congress,” says Chris Hayes.

The New York Times reports: When Stephen Miller met with Mark Zuckerberg at Mar-a-Lago late last year, the 39-year-old Trump adviser was in a position of power that would have been unimaginable a decade ago. Back then, Mr. Miller was a mere Senate staffer railing about the evils of immigration. Now he was holding forth on U.S. policy with the billionaire chief executive of Meta, a man he had vilified for years as a globalist bent on destroying the nation….

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The New York Times reports: A party at the Beaux-Arts mansion of the venture capitalist Peter Thiel. A blowout organized by hosts of the popular tech podcast “All-In” at a brand-new members-only club. A viewing ceremony hosted by an ascendant, Silicon Valley-inflected network of wealthy donors. Some of the most coveted parties during President-elect Donald J. Trump’s inaugural weekend will be hosted by the Silicon Valley donors who are flush with power at the dawn of his second administration. The…

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The New York Times reports: An unpaid group of billionaires, tech executives and some disciples of Peter Thiel, a powerful Republican donor, are preparing to take up unofficial positions in the U.S. government in the name of cost-cutting. As President-elect Donald J. Trump’s so-called Department of Government Efficiency girds for battle against “wasteful” spending, it is preparing to dispatch individuals with ties to its co-leaders, Elon Musk and Vivek Ramaswamy, to agencies across the federal government. After Inauguration Day, the…

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Annie Lowrey writes: “The countdown clock on the next catastrophic crash has already started,” Dennis Kelleher, the president of the nonprofit Better Markets, told me. In the past few weeks, I have heard that sentiment or similar from economists, traders, Hill staffers, and government officials. The incoming Trump administration has promised to pass crypto-friendly regulations, and is likely to loosen strictures on Wall Street institutions as well. This will bring an unheralded era of American prosperity, it argues, maintaining the…

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Malcolm Ferguson writes: Elon Musk wants to be the Italian government’s sole telecommunications provider. The billionaire’s SpaceX company is closing in on a $1.6 billion security contract after Italian Prime Minister Giorgia Meloni visited Donald Trump’s Mar-a-Lago estate on Saturday. The Italian government promises that Meloni didn’t talk to Musk about the deal while she was there. If enacted, Musk’s SpaceX would supply Italy with encryption services for government and military use. “Ready to provide Italy the most secure and…

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Judd Legum writes: The property management software used by many corporate landlords, RealPage, is deploying AI to artificially inflate rental prices in the United States by more than $3.6 billion annually, according to a new report by the White House Council of Economic Advisers (CEA). RealPage, owned by the private equity firm Thoma Bravo, includes a tool called “AI Revenue Management” that provides recommendations for rental prices based on data from competitors. The feature, according to the CEA, the Department…

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Salon reports: Tesla CEO Elon Musk may have financed an anti-immigrant, ‘America First’ presidential campaign to the tune of $250 million, but his call for more skilled foreign-born workers sparked massive backlash from President-elect Donald Trump’s far-right supporters. Musk on Wednesday asserted that there was a “dire shortage of extremely talented and motivated engineers in America” and called for increased visa availability, drawing scorn from many of Trump’s followers and close allies. Former Rep. Matt Gaetz, R-Fla., a momentary pick…

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