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Economics

Why online marketplaces have not killed the estate sale

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In a house on a cul-de-sac in Arlington Heights, a nondescript suburb of modest 1950s homes north-west of Chicago, Deborah Fossett is counting hundred-dollar bills. Holding each one up to the light, she examines nine in total. Satisfied, she writes out a receipt, and hands it to the customer, who picks up his purchase—an antique set of silver Tiffany cutlery. Similar sets online sell for thousands of dollars, she tells him. But this one is missing several pieces, and in any case, everything in the house must go, and it is past two o’clock, so $900 is enough. He eyes his bargain again and quickly leaves.

Economics

Matt Gaetz withdraws from consideration as America’s attorney-general

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MATT GAETZ, Donald Trump’s choice for America’s attorney-general, spent November 20th meeting senators and telling reporters it had been “a great day of momentum”. The next day, however, Mr Gaetz withdrew his name from consideration, acknowledging that “my confirmation was unfairly becoming a distraction.” This was not self-effacement from a MAGA firebrand, but a reflection of reality: Mr Gaetz had little chance of being confirmed even by a Republican-controlled Senate. The Republican Party may belong to Mr Trump, but his power is not absolute.

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Economics

Democrats are still processing their defeat

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THESE ARE NOT the reports Democrats were hoping to prepare. Instead of transition plans for the incoming Kamala Harris administration, draft executive orders and legislative outlines, Democrats are producing post-mortem analyses of how their campaign came apart in 2024. Those Democrats who are honest with themselves are recognising an uncomfortable truth: as awful, immoral and weird as they consider the Republican Party, the American people considered it to be the better option for governing America.

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Economics

Will Donald Trump now pardon the January 6th rioters?

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Many Americans hope that Donald Trump will fulfil his campaign pledges to bring down prices and deport illegal immigrants. But a small group of convicted rioters are on tenterhooks over another electioneering promise. Mr Trump has repeatedly vowed to free his supporters who were imprisoned for storming the Capitol on January 6th 2021. He has repeatedly called them “hostages” and “unbelievable patriots” while recasting the attempt to disrupt the peaceful transfer of power as “a day of love”. “Why are they still being held?” Mr Trump mused weeks before the election. His return to the White House means he could soon pardon them all.

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