Goldman's Long-Serving Top Lobbyist Replaced by Republican Fixer
Known as a straight talker in Washington, Paese will become a senior adviser at the firm and support Goldman's philanthropy as a member of its foundation's board, according to a memo Thursday that was seen by Bloomberg News. Paese, a 58-year-old former Democratic lawyer, will be succeeded by Michael Thompson, who worked for two Republican senators and a congressman from the party earlier in his career.
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Yahoo
27 minutes ago
- Yahoo
Trump says D.C. has been 'overtaken' by crime. The data tells a different story.
The president announced Monday that federal authorities would be taking control of the capital's police force. President Trump announced Monday that the Washington, D.C., police force will be placed under the control of the federal government in order to 'restore law, order and public safety' in the nation's capital. 'Our capital city has been overtaken by violent gangs and bloodthirsty criminals, roving mobs of wild youth, drugged-out maniacs and homeless people. And we're not going to let it happen anymore,' Trump said during a press conference Monday morning. D.C.'s Metropolitan Police Department will temporarily be overseen by U.S. Attorney General Pam Bondi, the president said. He added that 800 National Guard troops will be deployed to deal with the 'dire public safety crisis' in the city. Trump also zeroed in on D.C.'s homelessness problem, which, he argued, had made some of the capital's most important public spaces 'disgusting.' 'We're going to be removing homeless encampments from all over our parks — our beautiful, beautiful parks — which now a lot of people can't walk on,' he said. Trump does have the power to oversee what happens in D.C. because of its unique role as home to the nation's seat of government. The law gives the president the power to temporarily take over the city's law enforcement operations. Trump did not say how long federal authorities would be in charge of D.C.'s police. Trump invokes the Home Rule Act to take control of the Washington, D.C., police. What the act says he can and can't do. What's happening with crime in D.C.? The president's description of crime in Washington, D.C., is not reflected in official statistics, which show that the city had its lowest violent crime rate in 30 years in 2024. The rates of homicide, sex abuse, assault with a dangerous weapon and robbery all fell by at least 25% compared to 2023, according to statistics from the U.S. attorney's office for the district. The total number of nonviolent property crimes in D.C. also dropped last year, according to FBI data. Year-over-year statistics only provide part of the picture. A longer timeline shows that D.C. — like the country as a whole — has gotten much safer over the course of the past several decades. In 1991, there were 482 homicides in the nation's capital, more than two and a half times as many as there were in 2024. It's not just homicides. The rate of violent crimes in D.C. has dropped by two-thirds since its peak in the early 1990s, according to FBI statistics compiled by data scientist Jeff Asher. Over the same period, the number of nonviolent property crimes has been cut in half. Like most of the rest of the nation, D.C. did see a spike in violent crime, particularly homicides, after the COVID-19 pandemic. The city's overall violent crime rate has dropped back down to pre-pandemic levels, but the number of homicides is still slightly elevated. How does D.C. compare to other U.S. cities? While Trump's claims about crime rates in the capital aren't consistent with official data, it is true that D.C. is one of the most dangerous cities in the country, at least in terms of homicide rate. While its relatively small size meant that it had far fewer total homicides than metropolises like New York and Chicago, D.C. had the fourth-highest per-capita homicide rate of any major American city last year, according to a nationwide analysis conducted by researchers at the Rochester Institute of Technology. What about homelessness? Washington, D.C., does face persistent challenges with homelessness. The question of whether the problem has gotten dramatically worse in the city depends in part on the timeline you look at. This year's annual Point-in-Time count tallied just over 9,600 people experiencing homelessness across the city. That's a significant increase from 2022, when there were roughly 7,400 people counted. If you look further back in time, however, even the elevated numbers from 2025 are still well below where they were throughout the 2010s, when the homeless count consistently topped 11,000. D.C. is also not alone in seeing an increase in homelessness over the past few years. Nationwide, the total number of homeless people hit the highest level ever recorded due to a combination of inflation, wage stagnation and skyrocketing housing prices, according to federal data.
Yahoo
27 minutes ago
- Yahoo
Why sports dominate the media industry & what's next in 2026
Paramount (PARA) stock is in focus after the company announced a $7.7 billion deal with TKO Group (TKO) to secure UFC streaming rights. PwC Global entertainment and media leader Bart Spiegel sits down with Yahoo Finance Senior Reporter Allie Canal to discuss why live sports have been a huge focus for media companies. He also discusses what's next in entertainment, including video games and potential deals in the making. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. About a year ago after Netflix announced they were be going to be rolling out NFL games on Christmas day, I spoke with the NFL and they told me they don't want to just be on cable or just on streaming, they want to be everywhere. And it feels like that power then is firmly with these leagues. Yeah, the leagues have a lot of power at this time. They're content creators, right? And so anyone that owns content, owns IP, we always say content is king, right? And it's no different with these leagues that are creating this content and putting out there and striking really creative deals as well, um, to ensure that their property, their IP continues to be popular in perpetuity. That's a great way to think about it, right? They, that is their IP. If we look beyond sports, what's the next content category or experience that you think will create that sticky moment for consumers? Yeah, so it's interesting. 2026 should be a really big year for video games. We really believe that, um, you've got the e-sports Olympics in 2026, you have the, you know, a really prominent title expected to be released in 2026. And you know, video games just just helps the whole sector in general, right? They come up with original IP that is then marketed for, you know, TV and movies that you see being played out. You also see video games, um, utilizing a lot of their technology and infrastructure to help in in in film, special effects, TV, etc. So we see a really big year for video games in 2026 and our forecasts show that. We also see, don't sleep on live experiences either. Because I think live experiences are extremely important. Um, you'd have, you know, that's where a lot of money that's going for the 18 to 25 really sought after demographic, that's where they're spending their time and energy because it plays into the whole social media platform as well as well because now they can go do these live experiences and post it to social media for their friends, their followers, etc. And that's really attractive to them and really compelling to them. So I think live experiences are going to continue to be extremely popular. We have it, you know, the spend on live experiences still exceeds the spend on digital experiences and we expect it to continue. And to that point, live nation earnings, they've been crushing and a big part of that is people are going and traveling to see a lot of concerts. So that's a great point. When we look ahead to MNA, it was a bit stagnant in the entertainment space. We saw a bit of activity. We finally got that Paramount Skydance deal going through. What are you watching for when it comes to upcoming deals? Do you expect the end of this year and into 2026 to be a lot more active than what we've seen? I definitely do. There have been a lot of announced spins, separations, things like that. And I think when you look at the OTT streaming environment, it's really kind of happened in a bunch of different chapters. With the first chapter really being focused on, okay, we have, let's just throw money at content, throw money, get to get people and subscribers onto the platform. Then the second chapter was really, let's take a step back, focus on ROI, focus on really making sure that we've got a profitable business. And now I think you're going to look at chapter three, which is what you're seeing happening right now, real time, some of the things that you mentioned, which is, okay, what are some creative partnerships, joint ventures, MNA, where there's going to be some level of consolidation in the in the ecosystem? Because we've done studies ourselves where the average consumer doesn't want to pay for 10 subscription services. They want three to five subscription services. And so, you know, this allows them to consolidate, you know, take advantage of economies of scale, and that's what I think we're going to see in the next year. But then going out from there, I think then it's all about what other things can you bring to your platform? Video games, social media, user generated content, and that again will just apply just continue to apply that stickiness factor where people are willing to pay more and and limit the churn that you have on your on your platform. Related Videos Tech stocks dip, Fed cut bets, ethereum gaining: Market takeaways 2 reasons this strategist has a 'glass half-full' view on stocks Fannie Mae, Freddie Mac possible IPO: What it means for investors Why there's a 'disconnect' between the Fed & markets right now Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Could the Supreme Court overturn same-sex marriage? This case hopes to roll back the ruling that made it legal.
Kim Davis, a former Kentucky county clerk who was jailed after refusing to file marriage licenses for same-sex couples, is hoping to overturn the Obergefell v. Hodges decision. The Supreme Court is being asked to hear a case that seeks to undo the 2015 Obergefell v. Hodges decision, which allowed same-sex couples to get married. This challenge of Obergefell, the first since 2015, comes from Kim Davis, a former Kentucky county clerk who was jailed in 2015 after being held in contempt for refusing to issue marriage licenses to same-sex couples. Davis, who refused to file the marriage licenses due to her religious beliefs, is appealing a damages verdict against her: a $100,000 jury verdict for emotional damages plus $260,000 for attorneys' fees. Now she is taking her case to the Supreme Court on the grounds that Obergefell was wrongly decided and infringes on her First Amendment rights. This is not the first time Davis has attempted to overturn the damages against her. In 2019, she petitioned the Supreme Court to dismiss the lawsuit, but the court declined to hear her case. More recently, in 2025, a panel of judges from the Sixth Circuit Court of Appeals also rejected her claims. Davis's challenge is concerning to LGBTQ+ advocates, as overturning Obergefell could undo the legal right to gay marriage. That 2015 ruling stated that same-sex couples must be allowed to marry and that all states must recognize those marriages. At the time, Davis's court battle was a direct challenge to Obergefell — but the ruling held. But now Liberty Counsel, the conservative group representing Davis, is asking the Supreme Court to overturn both the Sixth Circuit decision and the Supreme Court's initial decision in Obergefell. Mat Staver, Liberty Counsel's founder and chair, stated that Davis's case 'underscores why the U.S. Supreme Court should overturn the wrongly decided Obergefell v. Hodges opinion, because it threatens the religious liberty of Americans who believe that marriage is a sacred union between one man and one woman.' Could gay marriage really be overturned? What would that mean? The new makeup of the Supreme Court could favor Davis. Since 2015, the Supreme Court has become more conservative, with three justices — Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett — appointed by President Trump during his first term. While this does not necessarily mean the conservative majority would rule in Davis's favor, should the court choose to take her case, the latest request sounded alarm bells for many LGBTQ+ advocates. And there is recent precedent for overturning previously decided court cases. For example, the Supreme Court overturned Roe v. Wade in 2022, ending federal protection for abortion rights after nearly 50 years. In his concurring opinion of the 2022 Dobbs v. Jackson decision, which overturned Roe, Justice Clarence Thomas stated that the court should reconsider Obergefell and other cases related to rights based on the Constitution's due process clause. Should Obergefell be overturned, 32 states have laws on the book that would ban gay marriage — though, thanks to a 2022 federal law, they would still have to recognize unions that were already legally performed. Then-President Joe Biden signed the Respect for Marriage Act, which overturned the 1996 Defense of Marriage Act and ensured federal recognition of same-sex and interracial marriages. However, the law does not force states to issue marriage licenses to same-sex couples. Solve the daily Crossword
