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Trump Campaigned on Affordability. Now He's Calling the Idea a 'Con Job.'
President Donald Trump has promised not only that America will be 'great again' but also that it will be 'healthy again,' 'wealthy again,' 'beautiful again,' and'crucially''affordable again.' Now, as the country faces persistent inflation, a housing crisis, and rising prices on consumer goods, he claims that affordability is nothing more than a 'con job,' an opportunistic buzzword leveraged by a rival party. 'The word affordability is a Democrat scam,' he said during a Cabinet meeting on Tuesday. Incoming presidents don't get to pick the economy they inherit, but they can only credibly blame their predecessors for so long. In a Fox News poll last month, almost twice as many respondents said that Trump, not Joe Biden, is responsible for current economic conditions. Per new polling from Politico, 46 percent of Americans say the cost of living in the United States is the worst they can remember it being, and 46 percent think Trump is to blame for those high costs. The trend isn't entirely new; voters have blamed Trump for the economy throughout the year. As frustration persists, the president is pointing fingers at the Democrats, but he can't dispute the data....
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Cattle Ranchers Are Beefing With Trump
Think of the cattle auctioneer's chant as a prayer. To the untrained ear, it's nonsense, a stream of words compressed beyond recognition. If you know what to listen for, phrases emerge from the hum and buzz: Will you go four' Will you give five' The job of the auctioneer is to whip bidders into a frenzy, selling cows, heifers, bulls, and steers at the highest price possible through the power of constant supplication. Until recently, those prayers had been answered. Feeder-cattle futures traded up through the fall, driven in part by President Donald Trump's tariffs on foreign-food imports. Beef prices reached new highs this year too. Ground-beef is up more than 50 percent compared with 2020 (and some restaurants have adjusted their menus accordingly); next year, they could be 60 percent higher than they were this September. But growing concerns about inflation and affordability seem to have forced Trump to reconsider his trade-war strategy: Ahead of Thanksgiving, he announced that he was rolling back tariffs on beef. Prices at grocery stores haven't budged, and ranchers, whose fortunes rose with those tariffs, are now suddenly at odds with a president who was once their champion....
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Welsh Carson-backed Lumexa targets $1.89bn valuation in US IPO as PE pipeline reopens ' Private Equity Insights
The medical imaging operator plans to sell 25m shares at $17 to $20 each as private equity firms accelerate long-delayed exit plans amid stronger equity markets and falling interest rates. First-time listings saw their busiest autumn in four years before political gridlock in Washington paused activity. Lumexa runs 184 outpatient centres across 13 states, offering MRI and CT diagnostic services. Its IPO comes as AI-driven imaging tools gain traction, promising greater accuracy, lower costs, and wider patient access. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
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Trump's Lawless, Aimless Foreign Policy
As the author of a newsletter that focuses primarily on politics and current affairs, I sometimes struggle to come up with a strong topic for a post. But at other times, like today, the topic falls unbidden into my lap, feeling obvious. Donald Trump's aggregate approval ratings continue to languish. He's now settling in at a new floor in the 41 to 42 percent range, with his disapproval hovering just above 55 percent. This is largely because of economic discontents. Prices for food and housing remain elevated, due in part to the president's trade policies. Interest rates are also higher than consumers prefer and grew accustomed to over recent years. Millions of Americans who get their health insurance through the Affordable Care Act have seen their premiums skyrocket over the past couple of months'something Republicans in Congress bragged about during the recent record-setting government shutdown, which the president just so happened to decide was an ideal time to tear down a wing of the White House so he could oversee the construction of a gargantuan gold-plated ballroom in its place....
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