BusinessBusiness and financeEditorial

Breitbart News is taking the business of outrage to Europe

A NOTABLE American commentator, Charles Krauthammer, once explained Rupert Murdoch’s success in founding Fox News, a cable channel, by pointing out that he had found a niche market—half the country. The same may be true of Breitbart News, a conservative website whose fortunes have risen with those of Donald Trump, and whose chairman, Stephen Bannon (pictured) is Mr Trump’s chief strategist.

Milo Yiannopoulos, an editor at Breitbart, explained after Mr Trump’s victory that half of voters are “repulsed by the Lena Dunham, Black Lives Matter, third-wave feminist, communist, ‘kill-all-white-men’ politics of the progressive left.” Breitbart saw it coming a while ago, he added. The company’s expansion plans suggest it sees something coming in Europe, too. It already has a website in Britain and in January it will launch French and German sites.

Founded by Andrew Breitbart, the site is just nine years old. Its formula—outraging and fascinating readers with “clickbait”, occasional fake news, polemics and attacks on mainstream media—has taken off. Ten days after the election it said it had received 45m unique visitors in 31 days—modest compared…Continue reading

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Uber Sees Gold in Autonomous Vehicle Field

Uber has announced the acquisition of startup Geometric Intelligence, a move designed to increase its presence in the autonomous vehicle technology field. Geometric CEO Gary Marcus will become the chief of Uber’s new artificial intelligence business. He will lead the newly formed Uber AI Labs, which will be dedicated to conducting research into artificial intelligence and machine learning.

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Business and financeFree exchange

Economists cannot stop Trump, but perhaps they can understand him

ECONOMISTS seem to be warming to the idea that regional inequality is a problem, if only because it leads to political movements that threaten broader prosperity. While that is a useful development, it brings economics to a very difficult question, which is: what can usefully be done about that inequality? In a post generating quite a lot of discussion, Tim Duy says that economists need to get busy thinking about the problem:

The dry statistics on trade aren’t working to counter Trump. They make for good policy at one level and terrible policy (and politics) at another. The aggregate gains are irrelevant to someone suffering a personal loss. Critics need to find an effective response to Trump. I don’t think we have it yet. And here is the hardest part: My sense is that Democrats will respond by offering a bigger safety net. But people don’t want a welfare check. They want a job. And this is what Trump, wrongly or rightly, offers.

If…Continue reading

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