The Irish Times view on handling Donald Trump: a lesson on how to respond
Jerome Powell, the chair of the US central bank,
the Federal Reserve Board, shake his head and publicly correct the record in real time as he stood alongside the president at an event on Thursday.
The backdrop was a lengthy campaign by Trump to force the Fed to lower interest rates and his outspoken attempts to try to get Powell to quit. As part of this campaign, the administration has weaponised a renovation programme at the Fed, which it claims is running way over budget.
Standing beside Powell in his hard hat, Trump theatrically produced a piece of paper which he said showed that the $2.7 billion bill was now set to be $3.1 billion. Powell calmly studied the note and pointed out that this included the cost of another building that was already completed. 'It's a building that's being built, ' Trump responded. 'No, it was built five years ago,' said Powell.
The exchange underlined how seldom Trump's 'facts' are challenged in public by those around him. Everyone wants to humour the unpredictable president. The irony is complete when he publishes posts on his 'Truth Social' channel, a name which carries echoes of the Ministry of Truth in George Orwell's 1984.
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World leaders face the same dilemma as Powell did when they stand beside Trump. Most choose to grin and bear it. This is what the EU appears to have done in trade talks with the US, as they face Trump's chaotic mixture of fact and fiction. As the talks come to another crunch – and with the need for support on the Ukraine war in the background – the EU may concede Trump's call for 15 per cent tariffs.
When you lead the world's biggest economic and military power, sometimes you get to choose your own facts. A quiet-spoken bureaucrat just gave the world a lesson in how best to respond.
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Irish Times
24 minutes ago
- Irish Times
Most worrying aspect of Coldplay concert scandal has to be the ubiquity of online tripe
'You know what's really interesting about this Coldplay couple story?' a colleague said to me the other day. I very much doubted I would know. We were speaking nearly a week after Andy Byron, the chief executive of tech company Astronomer, was caught on a giant video screen at a Coldplay concert in Boston with his arms wrapped around a woman who was a) his head of HR and b) not his wife. Byron had by then been a top-trending Google topic from Australia to Albania, and it seemed unlikely there was anything compelling left to say about him. But my colleague made a good point: for those of us who deal with the vast corporate PR industrial complex, it was notable to watch a top executive fall so comprehensively that no amount of fudging or obfuscation could save him. READ MORE The Coldplay concert happened on a Wednesday. Astronomer's board said it was investigating the matter on Friday. Byron resigned on Saturday. The HR head went less than a week later. Never having heard of Astronomer before, I have no idea about its normal PR strategies. Perhaps it always takes this forthright approach to bad news. That would make it unusual in a world where media inquiries about corporate impropriety, no matter how well-founded, are often met with a 'no comment', a huffy denial, or a threat of legal action. It's been like this for years, as a lay-off strewn news industry continues to confront a far more buoyant public relations sector. In the US alone, there were nearly five PR people for every journalist in 2013 and by some counts, the ratio has since widened to more than six to one. There are, of course, a lot of decent PR professionals and yes, journalists have long been among the least trusted people. Though a 2024 global survey suggests we are now doing better than politicians and are level with bankers and, as it happens, business leaders. How will the updated National Development Plan shape Ireland in years to come? Listen | 35:59 This improvement is welcome because the Coldplay affair underlines another critical point: the need for robust journalism in an age of rampant and grimly effective fake social media 'news'. One of the most notable aspects of the incident was the spread of fabricated online statements purporting to be from those involved. Contrary to what you might have read (and may still believe), Byron did not say he found it troubling that 'what should have been a private moment became public without my consent'. His wife did not post a tearful statement about the scandal. Coldplay did not say it would now have camera-free audience sections for people and their 'sidepieces'. Likewise, the red-faced woman filmed standing next to Byron and his HR head was not another Astronomer employee named Alyssa. This avalanche of online tripe was so gigantic that Astronomer had to address it head-on. 'Alyssa Stoddard was not at the event and no other employees were in the video,' it said in a statement. 'Andy Byron has not put out any statement; reports saying otherwise are all incorrect.' Alas, this came too late for some newspapers, which reported Byron's statement as fact. On the upside, proper news outlets corrected the mistake. Don't expect to see anything like this from the hoaxers, nor the social media platforms that hosted their nonsense. And here is the serious point. Coldplay-gate doubtless caused hurt for those at the centre of it, and their families. But so far, the hoaxes it spurred have been relatively harmless compared with the plethora of online scams that continue to go unchecked. In the European Union alone, the latest figures show that internet fraudsters swindled people out of €4.3 billion in 2022. Since then, there has been an explosion of artificial intelligence tools that help scammers make cheap and convincing fake videos of financial experts to lure consumers into making dodgy investments or disclosing personal data. Social media companies insist they remove adverts for this rot and constantly try to stay ahead of the fakers. But as my colleague Martin Wolf wrote after discovering his identity had been faked by financial fraudsters, it is hard to believe tech giants, with all their resources, cannot do better. The same goes for all the other unfettered online harm. Some governments are trying to legislate against this muck, notably in the EU. The Coldplay couple – and the misleading maelstrom that followed their exposure – are a reminder that many more authorities need to join them. – Copyright The Financial Times Limited 2025
Irish Times
24 minutes ago
- Irish Times
EU and US reach deal on 15% tariffs, averting potential trade war
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Irish Times
an hour ago
- Irish Times
Top seven tech firms' earnings put AI divide in sharp focus
It's a blockbuster week for the Magnificent Seven stocks. By Thursday, six of the seven tech titans will have reported earnings, with only Nvidia keeping its powder dry until August. Google parent Alphabet and Tesla have already shown their cards. Next up: Microsoft, Meta, Amazon and Apple. Together, they account for a combined market value of over $11 trillion (€9.4 trillion) and a disproportionate share of investor attention. Yet, the group no longer moves as one. Tesla and Apple have suffered double-digit declines in 2025. Alphabet and Amazon have flatlined. Nvidia, Meta and Microsoft, meanwhile, are each up 20 per cent or more. READ MORE The AI boom remains the dominant story. Meta, Microsoft and Amazon are racing to expand capacity after bumping against infrastructure limits. Apple, by contrast, has yet to convince anyone it's in the race. Tariffs, cloud margins, and retail resilience will all feature. For tech's biggest names, however, AI is the dividing line between leading and lagging.
