What You Missed: Obamas’ Book Deal, YouTube Branches Out, and More
In What You Missed, we round up the best stories for you to read on your evening commute.
Well that didn’t take long.
The former president and first lady signed a deal with Penguin Random House to publish their books. Penguin Random House competed with other publishers for the rights, and although the financial details weren’t disclosed, reports say that the deal is for more than $60 million.
The Obamas said they will donate a “significant portion” of their proceeds to charity. Read the story from The AP.
YouTube is the most recent player in the “cord-cutting” game, with its new $35 YouTube TV service. YouTube TV will launch in the next few months and will offer 40 channels, including ESPN and the four major networks. Read the story from The AP.
Travel Ban Updates
President Trump is expected to update the travel ban in the coming days, and airports around the country are preparing. Among the changes, according to officials, will be removing Iraq from the list of banned countries.
Trump’s Address to Congress
The president addressed Congress for the first time this week. And also for the first time, he may have given Republicans what they were looking for. Read the analysis from The AP.
What Book You Missed
Left or right, big cities or small towns, one thing unites all Americans: hatred of Wall Street. Ever since the Great Recession (and depictions of the debauchery that likely helped cause it, in films like Wolf of Wall Street and The Big Short), the pendulum of public opinion has swung far away from that Gordon Gecko “greed is good” mentality. So, of course, it was only a matter of time until defenses of finance started cropping up.
William D. Cohan uniquely sees both sides of the coin (and stock market): As a former investment banker and respected financial journalist who has frequently been critical of the greed and risk-taking of Wall Street, he nonetheless believes in the necessity of the institutions for a well-functioning society. It’s a fascinating and nuanced read that does a great job of counterbalancing the current waves of contempt without implying that the finance sector should have a free pass.