Google hasn’t made much progress on diversity. …read more
President Trump directed his Twitter fury Thursday at the hosts of “Morning Joe.” (Photo by Jesse Dittmar for The Washington Post.)
After President Trump mocked a female talk show host on Twitter for “bleeding badly from a face-lift,” Washington lawyer Debra Katz thought of her clients — the ones who feel sidelined because of their age and gender.
“In one tweet, he hit on the vulnerability that many women feel as they age,” said Katz, who handles workplace discrimination lawsuits. “It has nothing to do with their ability to do their work. It has everything to do with how they look.”
Each day, Katz said, she hears from women who encounter harassment on the job or sense that they’ve missed a raise or promotion based on something other than their performance. The president’s words on one of the world’s most visible platforms flipped her stomach, she said.
“What is terrible about this kind of messaging from the president is that other people repeat it — ‘If the president can say it, I can say it,’ ” Katz said. “I’m afraid it makes things worse.”
On Thursday morning, Trump unleashed a series of tweets bashing the hosts of MSNBC’s “Morning Joe,” Joe Scarborough, 54, and Mika Brzezinski, 50. The co-hosts have been critical of Trump, and the president is known to slam media outlets that produce coverage he dislikes. He called Scarborough “psycho” but was even more scathing of Brzezinski — attacking her intellect, mental state and looks.
I heard poorly rated @Morning_Joe speaks badly of me (don’t watch anymore). Then how come low I.Q. Crazy Mika, along with Psycho Joe, came..
— Donald J. Trump (@realDonaldTrump) June 29, 2017
…to Mar-a-Lago 3 nights in a row around New Year’s Eve, and insisted on joining me. She was bleeding badly from …read more
By Tom Aspray, Contributor It is often a tough decision on whether you should sell a stock you are holding before it releases earnings. In the past few years double digit moves have become more common in a reaction to earnings. Micron Technology (MU) has been a stellar performer in 2017 so why did I sell on Monday? …read more
The U.S. Capitol. (Matt McClain/The Washington Post)
The U.S. government’s budget deficit is widening sharply this year, the Congressional Budget Office said Thursday, as Republicans continue to push for a tax cut package on Capitol Hill.
The CBO said the deficit would widen to $693 billion for the fiscal year that ends Sept. 30. That is roughly 3.6 percent of gross domestic product and would mark the largest budget deficit since 2013. In January, the CBO projected that the deficit would be $585 billion, or 2.9 percent of GDP.
The primary reason for the larger deficit is that the government is collecting less money in tax receipts than it expected.
The lagging receipts are probably one reason the CBO also projected Thursday that the Treasury Department could run out of money to continue paying the government’s bill by early to mid-October if the debt ceiling — which is set by Congress — isn’t increased by then.
Treasury Secretary Steven Mnuchin, asked at a news conference Thursday about Congress acting on the debt ceiling, said of Congress, “For the benefit of everybody, the sooner that they do this, the better.”
Because the government runs a budget deficit — it spends more money than it brings in through revenue — the Treasury Department borrows money by issuing debt to cover the difference. But it can issue debt only up to a certain level set by Congress. Mnuchin has said that his agency has enough money to pay the bills through September. The CBO’s estimate was slightly different, though it warned that Treasury had an $81 billion payment to military pension funds Oct. 3 that could be difficult if cash reserves run low.
The CBO said the reason the deficit grew more rapidly than expected this year is because tax receipts are expected to be only 1 percent higher than …read more
Jaguar just has revealed the quickest passenger car the company has ever produced. If you’re British, however, you might be disappointed to see that one of your nation’s most storied automobile makers has gone and put the steering wheel on the wrong side. …read more
President Trump has resumed his long fight with Amazon and its founder Jeff Bezos. But his latest attack has left experts scratching their heads. …read more
The recent reduction in China’s credit rating by Moody’s Investors Ratings should not be blown out of proportion because the country still has time to implement key reforms, a top Moody’s official said Wednesday.
Paul Espinosa of Seafarer Capital Partners says there’s an open field for value strategies in developing economies.
By Trefis Team, Contributor Nike is set to report its fiscal Q4 earnings on June 29 after market close. The company has seen some tough times in the year so far. Growth in the U.S. has slowed down dramatically, while Nike faces rising pressure from rivals such as Adidas and Under Armour, especially in the footwear business. …read more