After The New York Times’s report on sexual harassment allegations against the movie mogul, his future at the studio he built is an open question.
Now that The NYT has reported on decades’ worth of sexual harassment allegations against the movie mogul, what will happen at the Weinstein Company movie studio?
Jodi Kantor and Megan Twohey, NYT:
After allegations by one employee, several Weinstein Company directors expressed alarm — but were assured there was no need to investigate.
The board will meet on Friday to decide on Mr. Weinstein’s future, according to Brent Lang of Variety.
Mr. Weinstein’s apology
Here it is in full.
Of note:
• “I came of age in the 60s and 70s, when all the rules about behavior and workplaces were different.”
• “I am going to need a place to channel that anger so I’ve decided that I’m going to give the N. R. A. my full attention.”
• He also made a reference to Jay Z’s “4:44,” saying, “I’m not the man I thought I was and I better be that man for my children.” ( Those aren’t the exact lyrics .)
The backlash
• Congressional Democrats began giving away some of the thousands of dollars in campaign contributions they’d received from Mr. Weinstein.
• The actress Rose McGowan, who reached a settlement with Mr. Weinstein, tweeted words of encouragement to other women.
• Rebecca Traister reflected on her own interactions with Mr. Weinstein in The Cut:
Mr. Weinstein’s response: He told Page Six’s Emily Smith that he plans to sue The NYT for $50 million.
President Trump plans to decertify the Iran nuclear deal, according to news reports.
Mark Landler and David Sanger, NYT:
The economic angle:
Tiffany Hsu, NYT:
Polly Mosendz and Kim Bhasin, Bloomberg:
The surprise
The National Rifle Association endorsed tighter restrictions on the devices, a rare move for a group that has vehemently opposed gun controls.
Yes, if Congress takes up the challenge. The NYT’ s Jim Stewart talked to economists and they said many of the issues could be resolved.
What they agree on
Potential solutions
• A new, higher tax bracket for the very rich
• Taxing capital gains at death
• Curbing the deduction for corporate interest expense
The result
Mr. Stewart calculates the proposed changes would yield some $1.22 trillion in potential revenue.
But the Treasury Department’s inspector general lamented the use of government flights all the same.
From the report
• Mr. Mnuchin has flown on military aircraft seven times since March at a cost of more than $800,000.
• Flights to Europe cost over $600,000, and a round trip from Washington to New York cost $15,000.
Alan Rappeport, NYT:
The context
• Several Trump administration officials have been under scrutiny for their use of private flights. Tom Price resigned as health and human services secretary after racking up at least $400,000 in private jet use.
• And Mr. Mnuchin’s wife, Louise Linton, drew controversy for her Instagram spat with a commenter over her flight on a military plane.
New rules from the Consumer Financial Protection Bureau will limit how often and how much customers can borrow, potentially forcing many of the nearly 18,000 payday lending stores in the United States out of business.
Stacy Cowley, NYT:
The lender was accused of paying about 300 female employees less than men in the same positions.
It also faced allegations that it paid 15 black executives less than white employees in the same positions.
Matt Stevens, NYT:
One Twitter user highlighted the perceived hypocrisy of the accusations against the firm that erected the “Fearless Girl” statue in Manhattan’s financial district.
• Bank of America has hired John Kerry, the former secretary of state, as the chairman of its global advisory council .
