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Donald Trump returns to New York for a bombastic closing pitch

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More than five hours after his rally at Madison Square Garden began, Donald Trump walked slowly on stage. The arena was filled from floor to rafters with some 20,000 supporters, bathed in red and blue light. They had listened and cheered, bought hot dogs and taken selfies as more than two dozen others spoke. A comedian called Puerto Rico a “floating island of garbage”; Elon Musk awkwardly urged early voting and happily lapped up chants of “Elon!” But the main draw was, of course, Mr Trump himself, speaking at the famous arena in America’s biggest city, in the final days of what may be his final campaign. When Mr Trump appeared, at last, the crowd roared. He basked.

The Economist’s forecast model shows Mr Trump edging ahead of Kamala Harris, his Democratic rival. With just over one week until election day, some politicians might moderate their message. Mr Trump offered instead theatrics and defiance.

Whether that is a good thing depends on whom you ask. For the rally Mr Trump enlisted a childhood friend who wielded a crucifix while calling Ms Harris the Antichrist, as well as Stephen Miller, the designer of his first term’s immigration policy, who declared that “America is for Americans only.” Tucker Carlson, a television host, seemed to feed nuggets to conspiracy theorists, explaining that America’s leadership class hates Trump supporters so much that it “wants to replace them”. Mr Trump himself performed his customary dance of the underdog, casting himself as the besieged hero who would unleash “the four greatest years in the history of the USA.”

New York would seem an odd site for this spectacle. Contrary to the claims of the Garden’s megatron, New York is not Trump country, nor even close to being a swing state. But its discontented Republicans are a growing force, particularly in its suburbs. Arber Gjokaj, 19, grew up as a Democrat but plans to vote for Mr Trump. “He inspired me,” he says, and likes the former president’s authenticity. Jacqueline Guillen, a lawyer, worries about the city’s crime and the outsourcing of white-collar jobs.

As important, for Mr Trump’s purposes, New York is America’s biggest stage, his hometown, the city he loves and the centre of phenomena he loves to hate. New York’s surge of migrants allowed him and his surrogates to lambast Ms Harris about the border. Alina Habba, one of Mr Trump’s lawyers, danced on stage in a glittering MAGA jacket to decry New York’s supposedly unfair prosecutions of Mr Trump, the only so far that have yielded criminal convictions. Vying with prosecutors for MAGA-world’s least popular New Yorkers are its media—“a bunch of assholes”, according to one supporter. Mr Trump decried the fake news, as is his wont, and supporters turned toward the press section to jeer with glee.

But Mr Trump is trying to bend the city’s hostile forces into a friendlier form. His attempts to intimidate the media have become more belligerent, with threats to rescind licences from national television networks, including CBS and ABC. Even if he cannot do that, technically, his broader threats against the press seem to be having an effect. Last week the big papers in two other cities, the Washington Post and Los Angeles Times, announced they would not endorse presidential candidates, decisions directed by each publication’s owner.

As for his convictions in New York, Mr Trump has appealed against them and his supporters don’t seem to care anyway. “I’d rather support a felon than a jackass”, read one T-shirt. Mr Trump spoke to the arena for more than an hour. The next week will bring a frenzy of further campaigning. In the Garden he was home, adored and triumphant. 

Economics

Trump greenlights Nippon merger with US Steel

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A tugboat pushes a barge near the U.S. Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, on Sept. 9, 2024.

Justin Merriman | Bloomberg | Getty Images

President Donald Trump said Friday that U.S. Steel and Nippon Steel will form a “partnership,” after the Japanese steelmaker’s bid to acquire its U.S. rival had been blocked on national security grounds.

“This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Trump said in a post on his social media platform Truth Social.

U.S. Steel’s headquarters will remain in Pittsburgh and the bulk of the investment will take place over the next 14 months, the president said. U.S. Steel shares jumped more than 24%.

President Joe Biden blocked Nippon Steel from purchasing U.S. Steel for $14.9 billion in January, citing national security concerns. Biden said at the time that the acquisition would create a risk to supply chains that are critical for the U.S.

Trump, however, ordered a new review of the proposed acquisition in April, directing the Committee on Foreign Investment in the United States to determine “whether further action in this matter may be appropriate.”

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Economics

A court resurrects the United States Institute of Peace

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The night the United States Institute of Peace (USIP) was taken over, March 17th, staffers from Elon Musk’s Department of Government Efficiency (DOGE) walked round its headquarters smoking cigars and drinking beers while they dismantled the signage and disabled the computer systems. The takeover of the USIP building in Washington, DC, earlier that afternoon was one of the more notable moments of President Donald Trump’s revolution in the capital, because the think-tank is not actually part of the executive branch. The Institute’s board and president, George Moose, a veteran diplomat, were summarily fired. He and other senior staff were ultimately forced out of the building at the behest of three different police agencies. Then a DOGE staffer handed over the keys to the building to the federal government.

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Economics

How much worse could America’s measles outbreak get?

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AMERICA’S MEASLES outbreak is alarming for several reasons. What began as a handful of cases in Texas in January has now surpassed 800 across several states, with many more cases probably going unreported. It is the worst outbreak in 30 years and has already killed three people. Other smaller outbreaks bring the total number of cases recorded in 2025 so far to over 1,000. But above all, public-health experts worry that the situation now is a sign of worse to come. Falling vaccination rates and cuts to public-health services could make such outbreaks more frequent and impossible to curb, eventually making measles endemic in the country again.

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