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New York Faces $59 Billion Revenue Shortfall

New York Faces $59 Billion Revenue Shortfall

Skip to Main ContentSkip to SearchByALBANY, N.Y.—New York governments and authorities are projecting $59 billion of revenue shortfalls through 2022 because of , one of the deepest funding holes of any state.Gov. Andrew Cuomo, a Democrat, said services will be cut and taxes will increase if Congress doesn’t pass another relief package—which Democrats say should include direct aid to states and cities hit by the pandemic. Mr. Cuomo said recently that he will postpone decisions in the hope that Democrats make gains on Election Day Nov. 3.New York reported more than 32,000 deaths due to the...

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Jimmy Vielkind
7h ago
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Opinion | California Ballot-Harvest Boomerang

Opinion | California Ballot-Harvest Boomerang

Skip to Main ContentSkip to SearchByDemocrats in Sacramento have been rewriting election laws to help their party “ballot harvest.” But now Republicans have figured out how to play the same game, and Democratic state leaders are threatening legal action.In 2016 California Democrats passed a law allowing anybody, including paid campaign operatives and political parties, to collect and return mail-in ballots. Two years later Democrats prohibited “disqualifying a ballot solely because the person returning it did not provide on the identification envelope his or her name, relationship to the...

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Opinion | The Myth of Moderate Democrats

Opinion | The Myth of Moderate Democrats

Skip to Main ContentSkip to SearchByRemember when Rep. Conor Lamb was the poster boy for how Democrats could prevail in Trump districts? Joe Biden sure does. Only two weeks out from the election, Messrs. Lamb and Biden are both working overtime to persuade Pennsylvania voters they are the moderates they claim to be. It worked for Mr. Lamb 2½ years ago, when he narrowly flipped Pennsylvania’s 18th Congressional District from red to blue in a special election—and then went on to win the general election in a more favorably redrawn 17th District. A former Marine...To Read the Full Story

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William McGurn
7h ago
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Opinion | ‘American Values’ Portend Trump’s Defeat

Opinion | ‘American Values’ Portend Trump’s Defeat

Skip to Main ContentSkip to SearchByDemocrats and Republicans are competing to define the agenda in the waning days of the 2020 campaign, but voters have reached their own conclusions. Americans rate the coronavirus pandemic as more critical than any other issue, and they aren’t pleased with how it has been handled. This is one of the principal findings of the annual American Values Survey, released on Monday and conducted by the Public Religion Research Institute in partnership with the Brookings Institution, where I am a scholar. Some 69% of Americans believe...To Read the Full...

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William A. Galston
7h ago
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Justice Department Files Antitrust Lawsuit Against Google

Justice Department Files Antitrust Lawsuit Against Google

Skip to Main ContentSkip to Searchhttps://www.wsj.com/articles/justice-department-to-file-long-awaited-antitrust-suit-against-google-11603195203ByandThe Justice Department filed an antitrust lawsuit Tuesday alleging that Google engaged in anticompetitive conduct to preserve monopolies in search and search advertising that form the cornerstones of its vast conglomerate. The long-anticipated case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company’s dominance in the tech sector in more than two decades, with the potential to shake up...

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Rob Copeland
19h ago
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WSJ News Exclusive | Coronavirus Tanked the Economy. Then Credit Scores Went Up.

WSJ News Exclusive | Coronavirus Tanked the Economy. Then Credit Scores Went Up.

Skip to Main ContentSkip to SearchByMillions of Americans lost their jobs and skipped debt payments this year. You wouldn’t know it looking at consumer credit scores. While the coronavirus was pummeling the U.S. economy, Americans’ credit scores—a metric used in nearly every consumer-lending decision—were rising. The average FICO credit score stood at 711 in July, up from 708 in April and 706 a year earlier, according to Fair Isaac Corp., the score’s creator. Early estimates suggest the average score has held steady through mid-October at the July level, which...To Read the Full...

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AnnaMaria Andriotis
1d ago
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WSJ News Exclusive | A Secret U.S. Rescue in Yemen Played a Role in Mideast Peace Deal

WSJ News Exclusive | A Secret U.S. Rescue in Yemen Played a Role in Mideast Peace Deal

Skip to Main ContentSkip to SearchByWASHINGTON—On Aug. 11, 2017, a United Arab Emirates helicopter filled with soldiers taking part in an offensive against al Qaeda militants crashed in Yemen, leaving three soldiers dead and seven seriously wounded, including a young member of the royal family. As Emirati leaders scrambled to rescue their soldiers, they turned to the U.S. and asked America to organize an urgent rescue mission. In...To Read the Full Story

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Dion Nissenbaum
1d ago
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Part of the Brooklyn Covid-19 Uptick Traces to Deal, N.J.

Part of the Brooklyn Covid-19 Uptick Traces to Deal, N.J.

Skip to Main ContentSkip to SearchByThe coronavirus cases started ticking up in July among a tightknit community of Sephardic Jews summering at the Jersey Shore. By October, the cases had contributed to the virus’s spread 60 miles north in Brooklyn, N.Y., where health officials scrambled to prevent a second wave of infection. Recent attention regarding the resurgence of the...To Read the Full StorySponsored Offers

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Paul Berger
1d ago
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Opinion | The Cost of Bidenomics

Opinion | The Cost of Bidenomics

Skip to Main ContentSkip to SearchByJoe Biden has shrewdly kept the campaign focus on Covid-19 and President Trump, which has helped him avoid having to talk much about his own policies. That’s especially true of his economic proposals, which a new study out Sunday from the Hoover Institution shows will have a damaging impact on growth, job creation and household income. Mr. Biden often cites Moody’s, the credit-rating service, for saying his economic plan will yield faster growth and more jobs. “Wall Street,” he likes to say when he mentions Moody’s, as if...To Read the Full StorySponsored...

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1d ago
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China Economy Grows 4.9% as Rest of World Struggles With Coronavirus

China Economy Grows 4.9% as Rest of World Struggles With Coronavirus

Skip to Main ContentSkip to SearchByBEIJING—Chinese officials said Monday that gross domestic product expanded by 4.9% in the third quarter from a year earlier, putting China’s economy back toward its pre-coronavirus trajectory half a year after the pandemic gutted its economy. The 4.9% growth figure for the third quarter fell short of expectations but brings China’s trajectory closer in line with forecasts made at the beginning of the year for 2020 growth of between 5.5% and 6%—forecasts made before the pandemic swept across the globe, killing more than a million...To Read the Full...

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Jonathan Cheng
2d ago
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Opinion | Remember the Forgotten Man?

Opinion | Remember the Forgotten Man?

Skip to Main ContentSkip to SearchByAfter the initial shock of Donald Trump’s 2016 victory wore off, a few thoughtful people across the ideological spectrum attempted to wrap their heads around what happened. How did a brash, sometimes crude political neophyte beat everyone from Jeb Bush to Hillary Clinton at their own game on the world’s largest stage? Those more prone to introspection and self-awareness than denial and vindictiveness came to the conclusion that the country’s political and media elites had forgotten about the plight of the “average” American—the so-called Forgotten Man....

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Jason De Sena Trennert
2d ago
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Senate to Subpoena Twitter CEO Over Blocking of Disputed Biden Articles

Senate to Subpoena Twitter CEO Over Blocking of Disputed Biden Articles

Skip to Main ContentSkip to SearchByWASHINGTON—The Senate Judiciary Committee plans to issue a subpoena on Tuesday to Twitter Inc. Chief Executive Jack Dorsey after the social-media company blocked a pair of New York Post articles that made new allegations about Democratic presidential nominee Joe Biden, which his campaign has denied. The subpoena would require the Twitter executive to testify on Oct. 23 before the committee, according to the Republicans who announced the hearing. GOP...To Read the Full StorySponsored Offers

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Siobhan Hughes
2d ago
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Opinion | Why the U.N. Is Making a Mockery of Human Rights

Opinion | Why the U.N. Is Making a Mockery of Human Rights

Skip to Main ContentSkip to SearchByChina, Cuba, Pakistan, Russia and Uzbekistan—all notorious for abusing human rights—were among the 14 states elected to the United Nations Human Rights Council on Oct. 13, bringing the proportion of nondemocratic states on the world’s top human rights-promoting body to 60%. Cuba received 170 votes, or 88%, in the secret-ballot General Assembly vote. But the Human Rights Council’s problem isn’t simply the presence of bad actors. The real issue is the intrinsic moral relativism embedded in any all-inclusive, multilateral human-rights...To Read the Full...

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Aaron Rhodes
2d ago
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Citadel Securities Sues SEC for Approving New Stock-Order Type

Citadel Securities Sues SEC for Approving New Stock-Order Type

Skip to Main ContentSkip to SearchByElectronic trading giant Citadel Securities on Friday sued the Securities and Exchange Commission over the agency’s decision to approve a new mechanism for trading stocks at upstart exchange operator IEX Group Inc. The suit marks an escalation by Citadel Securities in an arcane dispute over IEX’s “D-Limit” order type, which is designed to give traders a way to buy or sell stocks at the exchange while protecting them against unfavorable price moves. Citadel...To Read the Full StorySponsored Offers

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Alexander Osipovich
3d ago
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Opinion | Biden’s Tax Whopper

Opinion | Biden’s Tax Whopper

Skip to Main ContentSkip to SearchByJoe Biden got a pass from the media for the myriad whoppers he told about his policies in Thursday night’s town hall. But one that we can’t let slide was his claim that he only intends to make people earning more than $400,000 “pay what they did in the Bush Administration—39.6%.” Where to begin? The Bush tax cuts in 2001 and 2003 cut the top individual tax rate to 35% from 39.6%. A 2012 deal between the Obama Administration and House Republicans extended the Bush tax cuts for the middle class while returning the top rate...To Read the Full StorySponsored...

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3d ago
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Opinion | Retire the Debate Commission

Opinion | Retire the Debate Commission

Skip to Main ContentSkip to SearchByC-SPAN has suspended correspondent Steve Scully for lying about a Twitter message to a critic of President Trump. The network is trying to protect its reputation for nonpartisan fairness, and we wish we could say the same about the Commission on Presidential Debates. The commission chose Mr. Scully to moderate the second presidential debate that was scheduled for this past Thursday. But after the President criticized Mr. Scully as a “Never Trumper,” Mr. Scully sent a Twitter message to Trump opponent Anthony Scaramucci that...To Read the Full...

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3d ago
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Opinion | Andrew Cuomo Takes a ‘Hatchet’

Opinion | Andrew Cuomo Takes a ‘Hatchet’

Skip to Main ContentSkip to SearchByNew York Gov. Andrew Cuomo likes to say that his virus policies, including a strict, prolonged lockdown of New York City, are based on science. Well, he finally revealed the truth when he told Jewish leaders last week that he is locking down their communities again due to public fear. Cases in Brooklyn, Queens and some New York City suburbs have been rising, and Mr. Cuomo blames orthodox Jewish communities not adhering to his rules. Last week he shut down nonessential businesses and schools in these communities and limited...To Read the Full...

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4d ago
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Opinion | An Ex-Liberal Reluctantly Supports Trump

Opinion | An Ex-Liberal Reluctantly Supports Trump

Skip to Main ContentSkip to SearchByBrooklyn, N.Y.Donald Trump can count at least one new supporter in this year’s election. “I had a close friend who’d been a business partner of Trump in the ’90s,” the critic and historian Fred Siegel tells me. “Trump ripped off a quarter of a million dollars from him. He told me this when we were discussing the election” four years ago. “Trump just said, ‘So, take me to court.’ I couldn’t vote for him.” Mr. Siegel couldn’t abide Hillary Clinton either, so he “slept through” the 2016 election. Next month he’ll be wide awake—though not woke—and will vote...

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Tunku Varadarajan
4d ago
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Supreme Court to Consider Whether Census Must Count Illegal Immigrants in Allocating House Seats

Supreme Court to Consider Whether Census Must Count Illegal Immigrants in Allocating House Seats

Skip to Main ContentSkip to SearchByWASHINGTON—The Supreme Court said Friday it would decide whether President Trump can exclude illegal immigrants from the census count used to determine congressional representation, setting an expedited schedule with arguments on Nov. 30. In July, Mr. Trump issued an order that for the first time would exclude what it called “illegal aliens” from the decennial reapportionment of House seats among the states. The move would likely shift representation from urban areas and Democratic-trending states toward more rural and Republican-leaning...To Read the...

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Jess Bravin
4d ago
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Opinion | Democrats Assured ACA Would Come Before ACB

Opinion | Democrats Assured ACA Would Come Before ACB

Skip to Main ContentSkip to SearchByDemocrats now claim they oppose Judge Amy Coney Barrett’s confirmation because they fear she will overturn the Affordable Care Act in California v. Texas, which is scheduled for oral argument on Nov. 10. But the case is before the Supreme Court now only because Democrats insisted that the justices consider the case straightaway. Their rush precluded a more careful reconsideration that almost certainly would have preserved much or all of the law. The 2012 Supreme Court decision upholding the ACA, NFIB v. Sebelius, found that...To Read the Full...

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Joel M. Zinberg
6d ago
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Can School be ‘Antiracist’? A New Superintendent in Evanston, Ill., Has a Plan

Can School be ‘Antiracist’? A New Superintendent in Evanston, Ill., Has a Plan

Skip to Main ContentSkip to Searchhttps://www.wsj.com/articles/can-school-be-antiracist-a-new-superintendent-in-evanston-ill-has-a-plan-11601982001Byand| Photographs by Taylor Glascock for The Wall Street JournalEVANSTON, Ill.—This summer, school superintendent Devon Horton told the residents of this city north of Chicago that for “oppressed minorities,” the coronavirus was only the latest chapter in their long history of persecution—the pandemic of “inequity and racism and classism” had been holding them down for a lot longer. In recognition of the impact of racism, Dr. Horton said,...

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Douglas Belkin
Oct 6
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Opinion | Facebook’s Conservative Emergency

Opinion | Facebook’s Conservative Emergency

Skip to Main ContentSkip to SearchByThe German Marshall Fund (GMF) is an influential think tank based in Washington, D.C., named for U.S. Secretary of State George Marshall’s 1948 plan to help European countries resist Communism. What a shame that in 2020 the outfit is promoting political suppression of conservative news, with state media as a recommended replacement. This week GMF published a report under the headline “New Study by Digital New Deal Finds Engagement with Deceptive Outlets Higher on Facebook Today Than Run-up to 2016 Election.” Recall that Facebook...To Read the Full Story

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6d ago
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Social Security Benefits to Rise 1.3% in 2021

Social Security Benefits to Rise 1.3% in 2021

Skip to Main ContentSkip to SearchBySeniors and other Americans receiving Social Security will see a 1.3% increase in benefits next year, the federal government said Tuesday. The 2021 cost-of-living adjustment is smaller than this year’s 1.6% increase and would translate into a $20 boost in retirees’ average monthly benefit, the Social Security Administration said. The agency each year bases its cost-of-living increase on the Labor Department’s consumer-price index for urban wage earners and clerical workers, or CPI-W, a measure of inflation that is slightly...To Read the Full...

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Amara Omeokwe
6d ago
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How Antitrust Undermines Press Freedom

How Antitrust Undermines Press Freedom

Skip to Main ContentSkip to SearchByWhenever President Trump attacks CNN or berates the Washington Post, journalists and free-speech advocates rise up to defend the media and the First Amendment. Meanwhile, a greater threat to America’s news industry looms mostly unnoticed: Google and Facebook’s duopolistic dominance of online advertising, which could do far more damage to the free press than anything the president posts on Twitter. The rapid growth of digital connectivity has pushed demand for information to unprecedented heights. Never in history have so many...To Read the Full...

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David Chavern
6d ago
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WSJ News Exclusive | Amazon Expands NFL Coverage With Playoff Game

WSJ News Exclusive | Amazon Expands NFL Coverage With Playoff Game

Skip to Main ContentSkip to SearchByAmazon.com Inc. has struck a deal with the National Football League to stream a playoff game this season, people familiar with the matter said. The agreement, which the league disclosed to team owners Wednesday during a video meeting, deepens the relationship between the nation’s premier sport and the online retail and entertainment giant. Amazon...To Read the Full StorySponsored Offers

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Joe Flint
6d ago
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