
What Would ‘Transportation Abundance' Look Like?
By
Abundance seems poised to be the policy literati's favorite term of 2025, as an array of center-left academics, activists and pundits continue to spread its gospel. The buzzy word is the subject of an eponymous book by the journalists Ezra Klein and Derek Thompson; in it, they write that abundance 'reorients politics around a fresh provocation: Can we solve our problems with supply?'
In recent months, the merit of that idea has been debated in outlets ranging from the Washington Post to the Financial Times to Jacobin, while philanthropies, think tanks, and a growing number of elected officials have all chimed in.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Washington Post
4 hours ago
- Washington Post
Trump administration weighs broad cancellation of California funding
The Trump administration is considering pulling a broad swath of federal funding from the state of California, according to two federal officials familiar with the plan and records obtained by The Washington Post. The plan could run afoul of an existing federal court injunction and would almost certainly face fresh legal challenges. A senior White House official stressed Saturday that no final decision on blocking the funds has been made.
Yahoo
8 hours ago
- Yahoo
Wall Street Has a New Secret Code for Laughing Behind Donald Trump's Back
Wall Street traders have adopted a term to mock President Trump's flip-flopping trade policy. TACO, an acronym that stands for 'Trump Always Chickens Out,' was coined by Financial Times columnist Robert Armstrong. It has since become a favorite among stockbrokers. Simply put, the tongue-in-cheek term describes how markets dip on President Trump's tariff threats, only to rebound when he inevitably reverses course. In the latest example, markets rallied earlier this week after Trump delayed the 50 percent tariff on the European Union that he had threatened just days earlier. In response to his relenting, the S&P 500 posted its biggest gain in weeks. Speaking on MSNBC Tuesday, Australian economist Justin Wolfers mocked Trump by saying this tariff policy 'nearly lasted one entire long weekend.' 'He was a little unlucky. There was Memorial Day, extended the weekend to three days, and you couldn't have a tariff policy last a full weekend. So, Friday's policy was reversed by Monday. And so, we get to analyze it today on Tuesday. And I think that's really symptomatic,' he said. Suggesting that Trump's word is worth very little in certain circumstances, including tariff threats, Wolfers used the example of Wall Street's new favorite acronym. 'In fact, on Wall Street right now, and it's one level funny and another level tragic. There's a trade called the TACO trade, T-A-C-O, Trump Always Chickens Out,' he said. Wolfers had said Trump's word now lacks 'credibility.' 'There was a time when the president opened his mouth, when you had to pay attention because you thought it meant something, that it was a shift in policy that other countries could rely on and respond to. That's no longer the case,' he said. Salomon Fiedler, an analyst from German bank Berenberg, is just one of many speculators who now say they are happy to wait it out when Trump makes a threat. 'Wild threats by Trump are not unusual,' he wrote in a note last month, when the president 'paused' the super-charged 'Liberation Day' duties he imposed on a slew of countries. 'Given the damage the U.S. would do to itself with this tariff, he will probably not follow through.' Trump paused the duties to allow his economic buffs to secure renewed deals with dozens of nations. So far, only the United Kingdom and China have inked any sort of agreement. Sign in to access your portfolio
Yahoo
10 hours ago
- Yahoo
Opinion - Trump has rejected police reform. States and localities must take the lead.
Five years after a Minneapolis police officer brutally murdered a handcuffed George Floyd by kneeling on his neck for over nine minutes, prompting worldwide protests against wrongful police killings of Black people, the Trump administration has taken a giant step back from police reform. The Justice Department announced in May that it is abandoning agreements reached with police departments in Minneapolis and Louisville, Ky., mandating reforms designed to reduce killings, brutality and other police misconduct. The Justice Department is conducting a review to determine if it should drop similar agreements with about a dozen other police departments. On top of this, the Justice Department will end civil rights investigations of alleged criminal conduct by the Louisiana State Police and police departments in Memphis, Mount Vernon, N.Y., Oklahoma City, Phoenix and Trenton, N.J. Thankfully, Minneapolis officials announced that they will abide by their agreement, known as a consent decree, reached with the Justice Department in the closing days of the Biden presidency. But it is absurd to depend on police departments to police themselves. The federal government has a duty to protect people from police who engage in criminal conduct. The dangerous pullback by the Justice Department is likely to result in more wrongful deaths at the hands of police — particularly of Black people and members of other minority groups. A nationwide count by the Washington Post of deadly shootings by police from 2015 through 2024 found that Black people 'are killed by police at more than twice the rate' of white people in America. The number of non-Hispanic whites killed by police was 4,657, compared with 2,484 Black people. Because only 14 percent of the American population is Black, the number of people killed by police annually averaged 6.1 per million of the Black population, compared with 2.5 per million of the white population. There are, of course, times when police must use deadly force to prevent the killing of others. But this wasn't the case with Floyd and many others killed by police. Floyd, who was unarmed, was only suspected of using a counterfeit $20 bill to buy cigarettes. As a Black man like Floyd, I have experienced the unfair and harsh treatment some officers give to people who look like us. I've been stopped on the road and detained in front of my home by police several times when doing nothing wrong. I've been ordered out of my home and car to lay on the ground, had guns pointed at me, been handcuffed and been threatened with arrest. I don't think I would be treated this way were it not for the color of my skin. Most police officers never beat, shoot or kill anyone. They risk their lives to keep us safe and deserve our gratitude. But it is naive to believe that officers can do no wrong, that we live in a colorblind society or that there is no such thing as systemic racism. In the wake of the Trump administration's rejection of its duty to protect us all from police misconduct, the job of implementing needed reforms must go to state and local governments that oversee police agencies. Here are some actions they should take. Increase police funding to implement reforms: After Floyd's murder, some progressives adopted the slogan 'defund the police.' That was a mistake. Police departments need more federal, state and local government funding to better train and pay officers and to put more officers on the street to do police work the right way. More funding will make it less likely that police engage in the kind of unlawful violence that killed Floyd and too many others. Polling by CBS in 2022 found only 9 percent of Americans believed providing less funding for police would help prevent violent crime, while 49 percent said more funding for police would do so. A Gallup poll the same year found 89 percent of Americans believed minor or major changes were needed to improve policing — including 87 percent of whites, 90 percent of Hispanics and 95 percent of Blacks. Focus on preventing crime, not just crime response: Putting more cops on the street and having them get out of their patrol cars to build relationships with people and businesses helps officers gather intelligence about bad actors. The increased presence of officers in communities will prevent crime. This is an expensive but necessary step if we are serious about police reform. Independently investigate alleged misconduct: Rather than relying on police departments to police themselves and investigate officers accused of misconduct, states and localities should set up independent commissions to objectively conduct such investigations. Reward good cops and punish bad ones: Officers who report misconduct by colleagues should be rewarded financially and with promotions, while officers acting improperly should be disciplined, including with firing and prosecution when they commit crimes. A national database of fired officers should be established so bad cops can't get hired by departments in other localities. Increase police pay and education requirements: Raising police pay will make it easier to attract well-qualified job applicants. Departments should require every new hire to have at least two years of college and eventually a four-year degree. A 2017 national survey found that about 52 percent of officers had two-year college degrees, about 30 percent had four-year degrees and about 5 percent had graduate degrees. Governing Magazine reported in 2023 that 'research suggests that officers with college degrees generate fewer substantiated complaints and … are less likely to shoot or kill members of the public.' Increase screening of police recruits and veteran officers: Use psychological tests and in-depth interviews to identify those unsuitable for police work because they are too eager to use violence — especially if they feel threatened — or too prejudiced against certain groups. Increase officer training: Better training will make officers better able to do their jobs without resorting to deadly force. This should include training in psychology and mental health to assist officers in dealing with people experiencing a mental health crisis. Alternatively, set up a division of mental health police officers to address incidents where drugs or mental issues are the source of bad conduct. 'One in five fatal police shooting victims may have been experiencing a mental health crisis … at the time of their death,' a federal study of 633 deadly police shootings concluded. These recommendations are all common sense and promote justice and public safety. With the Trump administration abandoning its responsibility to investigate police misconduct and demand reforms, the job passes to state and local governments. Doing so would be a fitting tribute to George Floyd and the many others wrongfully killed by police. A. Scott Bolden is an attorney, former New York state prosecutor, NewsNation contributor and former chair of the Washington, D.C. Democratic Party. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.