The Party’s Over: FCC Closing in on Ladies of The View

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(Photo by CHARLY TRIBALLEAU/AFP via Getty Images)

Washington is closing in on “The View.” Federal regulators are nearing a decision that could brand the ABC daytime show what it has never officially been called: entertainment, not news. That distinction sounds small. It isn’t. It could force ABC to hand equal airtime to political candidates every time the ladies at the table take a side — which is often. The anticipated FCC action, likely timed before the Labor Day holiday, would determine that “The View” is not a “bona fide” news show. That is the word from people close to the matter, speaking to Bloomberg on condition they

The Convert: Chamath Says He Was Wrong About Trump

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Chamath Palihapitiya, the billionaire venture capitalist and co-host of the “All-In” podcast, went on CNBC Tuesday and offered one of the more complete Trump reversals of the moment. “You’re 100% right on Trump. He’s fantastic,” Palihapitiya told “Squawk Box” host Joe Kernen. “Unbelievable person, very smart on top of it, open-minded… great president, so far.” This was not the language of grudging acceptance. It was admiration, plainly stated. Palihapitiya said he had once opposed Trump because he believed a portrait of the president constructed by the press. He now thinks that portrait was false. “The reality is that most of

Trump Ditches Toll Booth — Says Gulf Cash Coming Instead.

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President Trump changed course Tuesday. He dropped his plan for a 20% toll on ships passing through the Strait of Hormuz. In its place, he wants Gulf states to invest directly in America. He explained the shift on Truth Social. The talks with Middle East leaders, he wrote, had been “highly productive.” The investments to come, he said, would be “MASSIVE” — good for the US, and good for the Gulf states too. Trump credited recent American airstrikes on Iran for a surge in oil exports. Crude is moving, he said, “like never before.” The Strait itself is open to

Lindsey Graham Didn’t Get Rich. He Got It Right.

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(Photo by Kevin Dietsch/Getty Images)

Lindsey Graham never got rich. That’s an important thing worth knowing about him. He died Saturday night with a net worth of just under $1.5 million. That put him 294th out of 535 voting members of Congress — closer to the bottom than the top, after 31 years in Washington and a run leading his party’s foreign policy. Compare that to Senator Jim Justice of West Virginia, worth more than $664 million. Both men drew the same Senate salary. One came home with a fortune. The other came home with a townhouse and some bond funds. That tells you something

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