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What Happened When One Illinois Town Passed Reparations Adam Popescu
Louis Weathers came into this world 70 years after the Civil War ended, 70 years after slavery was abolished in the United States. And yet in 1935, when his mother went into labor, the local hospital in Evanston, Illinois, wouldn’t admit her because of her skin color. Louis’s father had to drive her two hours to a hospital that would let a black woman give birth to her baby.
In the early 1950s, Weathers was the first black kid to go to the local public high school. The teacher picked on him; so did the white kids.
“If I raised my hand, she wouldn’t call on me, because she didn’t want the white kids to see I knew the answer,” Weathers told me. “She called on me when I kept my hand down to make me look stupid.”
When he tried to buy a house, years later, white real estate agents steered him away from the better neighborhoods with better schools, where you almost never saw cops and it was safe to take an evening stroll. Even if he’d been able to visit those neighborhoods, it wouldn’t have mattered; the discriminatory practice of redlining made it nearly impossible for a black applicant to get a mortgage for a house outside black neighborhoods.
Eventually, Weathers—who served in the Korean War and became a postal worker—acquired his own piece of Evanston. Sure enough, it was in a black neighborhood. It was a compact house with white shingles, big windows facing the street, hedges, and five steps that led up to the front door.
That was more than 60 years ago. Weathers still lives there.
Recently, Weathers, now 88, redid his kitchen and floors. That cost about $10,000—money he would not have had were it not for the city of Evanston.
“I didn’t get the 40 acres and a mule,” Weathers said, chuckling. “But last year, I got $25,000 in reparations from the city.”
In November 2019, Evanston, Illinois—which is mostly white and wealthy, with a black community comprising 16 percent of its population of 75,000—passed a resolution creating the Reparations Fund and the Reparations Subcommittee.
It was not until March 2021 that the city pledged that it would set aside funds for its first round of reparations, and it was a far cry from the plan favored by many Democrats in Washington, which would allocate $800,000 to every black household in the country for a total cost of at least $10 trillion. But it was the first time any jurisdiction in the United States has attempted—in any formal, financial, or legislative sense—to look back over the long, winding course of American history and to do something about the country’s often sordid treatment of African Americans. Not just with speeches or gestures or monuments. But with money.
“People were in awe of us,” Evanston city council member Robin Rue Simmons, the plan’s architect, said in November 2019, shortly after the historic 8–1 vote.
City council member Ann Rainey said she was unaware “of even one city that was doing anything along these lines. There’s a lot of talk of equity and diversity, but nobody was talking about reparations except for us.”
When he flew in from San Francisco a few weeks later to celebrate the new reparations plan, actor and activist Danny Glover echoed that sentiment. “It’s the beginning of a process,” Glover said at a town hall at a church, joined by hundreds of enthusiastic locals. “This is the most intense conversation, I believe, that we’re going to have in the twenty-first century.”
It seemed as though Evanston might be a model for the rest of America—starting with California, with a population of nearly 40 million, including more than 2.2 million black residents.
Last May, a task force estimated that black Californians could each receive up to $1.2 million in return for harmful treatment of their ancestors, sending their report to Governor Gavin Newsom and the state legislature.
Now, Newsom appears to be backing away, saying reparations are “about much more than cash payments.” It turns out that reparations are expensive, and it’s unclear whether they do much.
Consider, well, Evanston.
Reparations in the city have done practically nothing to lay the seedbed for the “intergenerational wealth” its supporters envisioned. That’s because the city could afford only to allocate $400,000 for its first round of recipients, meaning only a tiny fraction of Evanston’s black community has received any money: out of roughly 12,000 black residents in the city, only 674 have applied for reparations, and out of those 674, only 59—total—have received them.
The story of what happened in Evanston and the first reparations law in American history—and what might soon happen in other cities considering similar measures—is the story of what the most contentious public policy issue in the country looks like when it is actually put into practice, when ideals meet reality, when vision meets bureaucracy.
Is the lesson of Evanston that reparations can’t work? Or that the city didn’t go far enough? Or that, in trying to do something—anything—it actually made things worse?
America has been talking about reparations since before the Civil War ended.
On January 16, 1865, three months before the South surrendered, Union General William T. Sherman issued Special Field Orders, No. 15—which famously called for giving former slaves 40 acres. (The mule came later.)
But after President Abraham Lincoln was assassinated, President Andrew Johnson overturned the order, and only a small minority of the nearly four million former slaves ever got their land.
Since then, black Americans like Louis Weathers have struggled to come by their 40 acres. The failures of Reconstruction, the subjugation and violence of Jim Crow, the deeply entrenched poverty of the black American ghetto—all of these forces have worked against black homeownership. That explains, in part, why only 44 percent of black Americans own their homes while 72.7 percent of white Americans do.
In 1989, Michigan Democratic Rep. John Conyers introduced HR 40 (as in 40 acres), which called for a commission to look into reparations. Every Congress thereafter, Conyers reintroduced the bill. Every Congress, it went nowhere.
In 2007, Senator Barack Obama, running in the Democratic presidential primary, indicated he was against reparations. “I think the reparations we need right here in South Carolina is investment, for example, in our schools,” he said at a candidates’ debate in Charleston. (The only Democrat to support reparations was Ohio Congressman Dennis Kucinich, now managing Robert F. Kennedy Jr.’s presidential bid.)
Then, in 2014, the writer Ta-Nehisi Coates published a watershed essay in The Atlantic called “The Case for Reparations.” “The idea of reparations is frightening not simply because we might lack the ability to pay,” he wrote. “The idea of reparations threatens something much deeper—America’s heritage, history, and standing in the world.”
Five years later, in June 2019, Congress held hearings on reparations for the first time. Coates testified. The night before the hearings, Senate Majority Leader Mitch McConnell said: “I don’t think reparations for something that happened 150 years ago, for whom none of us currently living are responsible, is a good idea.”
Polls show that about two-thirds of Americans agree with McConnell.
But then, in May 2020, George Floyd was killed, and all the furies that had been building over so many decades—around police brutality, crime, economic disparity, and a widespread feeling among black Americans that America had never confronted its past—exploded across the country.
All of a sudden, the conversation around reparations shifted.
“Sometimes, it takes a while for a great injustice to provoke a truly effective movement that overthrows it,” explained the author Adam Hochschild, who was involved in the civil rights movement in Mississippi and has written books on the slave trade in Britain. “It took us a century, for instance, to get from the end of slavery to the Voting Rights Act.”
In July 2020, Asheville, North Carolina’s city council voted to provide reparations to black residents. (That has yet to materialize.) By February 2021, Obama appeared to have changed his opinion. “If you ask me theoretically, ‘Are reparations justified?’ The answer is yes. There’s not much question,” the former president said.
And while federal reparations (HR 40) went nowhere, various states and cities started to take up the cause.
In May 2021, California launched its task force to explore a reparations plan.
The following month, mayors from 11 cities across the country, including Los Angeles and Tullahassee, Oklahoma (population 97), pledged support for reparations. In November 2022, Providence, Rhode Island, allocated $10 million for reparations. This past February, Illinois launched a task force to study the issue. New York is expected to do the same.
Many, if not all, of these jurisdictions took their cue from Evanston, which didn’t necessarily offer a blueprint for policymakers but made it easier, politically, for other cities and states to embrace the cause.
Ron Daniels, the head of the National African American Reparations Commission, has said Evanston “actually makes the case and boosts the efforts and momentum for the federal legislation.”
And yet, the question remains: why has Evanston’s reparations plan, so far, achieved so little?
To start, residents must have lived in Evanston between 1919 and 1969. All qualified residents are then thrown into a lottery, and the lucky few are chosen. “They select you by giving you a number and putting the number in a bingo machine to see who wins,” Kevin Brown, a black attorney who belongs to the group Evanston Rejects Racist Reparations, told me. “It’s undignified.”
If you win the lottery, you don’t actually get a check—the money must go toward a mortgage, rent, or home renovations, and is overseen by a city-approved bank or nonprofit. (Though after months of debate, a few weeks ago the city voted to start doling out cash payments.)
Cicely Fleming, the only Evanston city council member to oppose the reparations plan, called it part of “a white paternalistic narrative that black folks are unable to manage their own monies.”
And whatever the case, Evanston won’t be able to hand out reparations for long. As of now, there’s only about $2.2 million in the city coffers.
That’s because the city had planned to cover reparations with a cannabis sales tax. And officials wildly overestimated how much money that would bring in.
When I asked Evanston city council member Devon Reid whether anyone on the council had thought about how the city would pay for reparations, he said: “I honestly don’t think we ever fully considered it.” When they voted for the measure, he added, “I thought, ‘What the hell are we doing? We’ll never be able to meet this obligation.’ ”
Other jurisdictions are looking elsewhere besides cannabis sales to cover reparations. Providence, for example, has diverted funds from the Covid relief it received from Washington, D.C.
But as far as William Darity, a Duke economist who has studied reparations, is concerned, none of these piecemeal efforts—not in Evanston and not in any other city—amount to actual reparations.
“Municipalities can’t afford to fix this problem,” he said. A serious reparations plan, Darity went on, must include the descendants of slaves; narrow the wealth gap; feature direct cash payments to recipients in the form of a trust or an annuity; and be paid for by the federal government. He estimated the total cost would be $13 to $14 trillion—or $350,000 per black American.
“Look,” Meleika Gardner, a radio personality and the founder of Evanston Rejects Racist Reparations, told me, “race is a difficult conversation—trauma, pain, the wealth gap.”
She added that the conversation around the Evanston reparations program wasn’t real. It felt, to Gardner, like window dressing meant to make white people feel good. “I feel like white supremacists feel like if they give us real reparations, in terms of money, that will put us on a level playing field,” Gardner said. “They don’t want that to happen.”
Shelby Steele, a black intellectual best known for his 1998 book The Content of Our Character: A New Vision of Race in America, says that all of these details are beside the point.
“Reparations won’t work,” Steele said. No matter how generous they are. “We’re fighting yesterday’s battle.”
Slavery and Jim Crow are a “permanent stain on the soul of America,” Steele said. But, he continued, the United States had attempted to narrow the racial wealth gap—with affirmative action and any number of social welfare programs at the federal, state, and municipal levels—and they all failed.
“America has dumped trillions of dollars into these programs, and the gap between white and black is wider than ever,” said Steele. (The Rand Corporation recently reported that the wealth gap between whites and blacks has worsened in recent decades, with the average black household having $24,000 in savings, and the average white household, $189,000.) Steele continued: “We’re using the injustice of the past as an excuse for not facing our fate—for not taking responsibility for our families, education, investments.”
Coleman Hughes, a black writer and podcaster who testified before Congress in opposition to reparations for slavery, said he supports the measure for those affected by Jim Crow—the institutionalized racial segregation that was violently enforced in the South and persisted across much of the rest of the country for the century following the Civil War.
“I am for reparations insofar as the people harmed are still alive,” Hughes said. “That’s why I draw a distinction between redlining and slavery.”
Polls show many Americans agree with Hughes. “The number one issue is perception of deservedness,” Tatishe Nteta, a University of Massachusetts–Amherst political scientist, told me, citing a January 2023 UMass poll. “If you focus on living victims of Jim Crow, which was experienced by a large percentage of the American population still alive today, is there a higher level of support?” Nteta seemed to think there was.
If you want to meet someone who, as Hughes put it, was harmed by Jim Crow and is still alive, go to Asheville and spend some time with Oralene Simmons, an 81-year-old fixture in the city.
In 1961, Simmons became the first black student to attend Mars Hill College (now Mars Hill University), a Christian school near Asheville, in western North Carolina. More than a century before she matriculated, her great-great-grandfather, Joseph Anderson, a slave, had been held by the college as collateral and subsequently stowed in jail—while the college paid off its debts.
One night, Simmons recalled, she was alone in her dormitory when a group of white boys outside her room threatened to hang her from a nearby oak tree. Simmons crouched behind some furniture. After what felt like an eternity, the boys faded away. It was terrifying, she told me, but not unusual. That kind of thing, she said, happened “all the time.”
I met Simmons on the first day of a two-day Juneteenth festival commemorating the emancipation of slaves 158 years ago. She gave the opening speech.
It was, for a while, a glimpse of what a post-racial America might look like: black people and white people on Asheville’s Pack Square listening to a local band cover Tina Turner, dance groups, food trucks, a children’s art station.
Then, just before 9 p.m., as the festivities were winding down, there was a scuffle—and suddenly, the sounds of shots being fired, followed by cars peeling away, cops flooding the square, paramedics, an ambulance, police putting up police tape, police interviewing witnesses, two kids whisked to the hospital, and a 16-year-old arrested for allegedly pulling the trigger.
It was awful and sad, and depending on your politics, a reminder of why reparations are needed or an argument against them—a window into the lingering despair faced by black Americans decades after the 1964 Civil Rights Act, which brought an official end to Jim Crow; or a perfect illustration of a self-destructive culture that no amount of government aid can change.
Earlier that day, I met Tony Clegg outside the Erskine-Walton Apartments, a public housing complex in Asheville.
Clegg is 37, and the first time he got arrested he was 14. He’s been to prison three times. But then, he said, his caseworker got him on the straight and narrow, and he got a job driving a forklift. Now he has a fiancée and four (soon to be five) kids. He thinks constantly about the world they’re growing up in.
Reparations, Clegg said at last, would “give my kids a different life.”
Sandra Mosley, a 58-year-old grandmother who also lives in the projects, more or less agreed. “Give back what was taken from people like my parents,” she told me. “Help this younger generation.”
Mosley was in her socks and standing on her front lawn. Her grandson, who is autistic, was holding a slice of pizza in one hand and grabbing her leg with the other. All around her, she noted, were signs of collapse: parentless children, drug abuse, neglect.
When I pressed her about how she’d spend the money, she laughed, and her daughter, smoking a Black & Mild cigar, smirked and shook her head.
“Fix what’s broken,” Mosley said. “Housing, education. Use reparation money to get old people off the street.”
Tangela Harper, 48, who was at a barbecue down the block from Mosley, said reparations meant building things, making daily life better, easier—for example, filling a nearby city pool that had been drained.
“They can’t give back my grandma’s house, but they can give back the pool,” she said.
For those in Evanston, like Weathers, who have received reparations, it’s been a nice boost, but hardly life-changing. (“I could spend that money in a day,” Michael Weathers, Louis Weathers’ 61-year-old son, said of the $25,000 payment. Or, he said, laughing, “on a lady.”)
When I asked Oralene Simmons about all this, she sounded like Louis Weathers—less fired up, more philosophical. The essence of reparations, in her eyes, was not about money so much as a way of thinking.
It meant a great deal to her, she said, that when she died, she would be buried next to her great-great grandfather, on the campus of the college that once owned him and now honored him—and included, in its student body, Oralene Simmons’ granddaughter. That kind of recognition, she said, is “real power.”
She added: “That, to me, is worth something. That’s reparations.”
Adam Popescu is a writer for The Free Press. His last piece was about America’s sovereign movement.
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The inauguration of a multi-billion dollar grift Judd Legum
On Monday, Donald Trump took the oath of office — the first person to be sworn in as president while simultaneously hawking an eponymous meme coin.
Trump launched $TRUMP, a crypto token, on Friday night. Meme coins are crypto tokens tied to a celebrity or joke. The first and most famous is DOGE coin, a cryptocurrency centered around a famous image of a Shiba Inu dog. $TRUMP features an image of Trump during the assassination attempt last summer.
While meme coins are nominally tied to digital “artwork,” they function primarily as a speculative asset. Since many meme coins attempt to capitalize on online trends, they are known for extreme volatility. Hailey Welch, an online personality known as the “Hawk Tuah girl,” launched the “Hawk” meme coin in December. The Hawk coin’s value exploded shortly after launch, reaching a market cap of $490 million. But the price quickly collapsed. Today, the total value of all the 999 million Hawk coins is less than $30,000. You can buy 338 Hawk coins for less than one cent.
Trump is leveraging the prestige of the presidency and the global coverage of the inauguration to boost the price of $TRUMP. By Sunday evening, the price of one $TRUMP coin soared to over $75, putting the value of the 200 million $TRUMP coins in circulation at nearly $15 billion. By Monday afternoon, $TRUMP had lost about 40% of its value.
The primary beneficiary of this speculative activity is Trump himself. In a move that raised red flags even among crypto enthusiasts, 80% of all $TRUMP coins are reserved for a company owned by Trump. At its peak, the value of these coins exceeded $50 billion, making $TRUMP, which did not exist a few days ago, the dominant source of Trump’s wealth. The $TRUMP coins owned by Trump are currently locked, meaning they cannot be sold, but will be released in tranches over the next three years.
In 2016, Trump’s net worth was estimated to be about $3 billion. Before the launch of the $TRUMP, that had increased to around $7 billion, largely due to the public listing of Truth Social’s parent company, Trump Media & Technology Group. Truth Social loses millions of dollars every quarter and has few users, but Trump’s fans keep its stock price elevated.
So Trump has a huge financial incentive to keep the price of $TRUMP elevated until he can sell his coins. For Trump, there is nothing but upside. He received the coins for free — whatever he can sell them for will be a windfall. Trump’s supporters, however, could suffer huge financial losses. By Monday afternoon, a single $TRUMP coin cost $40. People who buy these coins looking to turn a big profit could instead find themselves with massive losses.
A vehicle for corrupt foreign influence
$TRUMP does not only create problems for reckless Trump fans. It means that the White House is for sale. Anyone seeking to curry favor with Trump — including foreign governments — now has a vehicle to transfer a virtually unlimited amount of money to Trump by driving up the price of $TRUMP coins.
As with all crypto transactions, anyone can purchase $TRUMP anonymously. The only record involves a digital wallet with no public owner. This means a foreign entity could make a large purchase of $TRUMP coins — perhaps boosting $TRUMP’s value before Trump sold some of his holdings — and no one would know. It creates an unprecedented and completely opaque method to bribe the President of the United States.
“While it’s tempting to dismiss this as just another Trump spectacle, the launch of the official Trump token opens up a Pandora’s box of ethical and regulatory questions,” Justin d’Anethan, an independent crypto analyst, told Reuters.
This week, we started a new publication, Musk Watch. NPR covered our launch HERE. It features accountability journalism focused on one of the most powerful humans in history. It is free to sign up, so I hope you’ll give it a try and let us know what you think.
Crypto companies under federal investigation boost $TRUMP
Thousands of meme coins are launched every month. The failure rate for meme coins is estimated at over 97%. With so much competition, it is hard to make a significant number of people become aware of a meme coin. Trump, as the President of the United States, solves that problem. But even once people discover a meme coin, it needs to be easy to buy and sell in order to sustain interest.
It is possible to buy and sell crypto assets without an intermediary. But most people buy and sell crypto through a handful of popular exchanges, which make the process easy and allow you to use cash and other assets to fund purchases.
Exchanges like Coinbase, Kraken, and Robinhood can greatly increase awareness and demand for a meme coin. At the same time, they are not going to list every new meme coin that is issued — especially since many of them are scams.
But Coinbase, Kraken, and Robinhood all have made $TRUMP available to their users, dramatically increasing the number of buyers, and sending its price higher. And they aren’t just quietly listing $TRUMP. They are promoting $TRUMP to their user base.
Improving your relationship with the president is a good idea for any business. But these companies have even stronger motivations. Coinbase is currently being prosecuted by the SEC for “operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.” The SEC is also prosecuting Kraken for similar alleged activities. Robinhood has not been charged but received a “Wells Notice” from the SEC last May, indicating enforcement action is coming.
The crypto industry is reportedly hoping that, under the Trump administration, the SEC will either end their prosecutions and investigations or offer a favorable settlements.
More broadly, these companies are counting on the Trump administration to allow them to operate legally. The $TRUMP coin allows Trump to make billions from a more permissive regulatory environment. It transforms the presidency from a public trust into a tool for personal enrichment.
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Trump’s Back. What Now? Oliver Wiseman
Yesterday, we saw the second inauguration of Donald Trump. Unsurprisingly, he did it his way. He danced onstage with the Village People the night before he took the oath of office. He moved the ceremony inside the Capitol because of the cold. He gave tech CEOs choice seating in the rotunda. And he delivered a speech that at times felt less like an inaug…
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Trump’s Back. What Now? Oliver Wiseman
It’s Tuesday, January 21. I’m Olly Wiseman and this is The Front Page, your daily window into the world of The Free Press—and our take on the world at large. It’s good to be back.
Today we answer the big questions about the transfer of power in Washington. Among them: Will Trump fight lawfare with lawfare? Will TikTok survive? Is neoliberalism dead? Is Trump cool? Does that even matter? Are we at war with Panama now? And: that hat.
But first: the second inauguration of Donald Trump. Unsurprisingly, he did it his way. He danced onstage with the Village People the night before he took the oath of office. He moved the ceremony inside the Capitol because of the cold. He gave tech CEOs choice seating in the rotunda. And he delivered a speech that at times felt less like an inaugural address and more like a State of the Union / campaign speech mashup. Ignoring unifying inaugural speech traditions stretching back to George Washington, he trashed his political opponents and touted new policies that would bring about a “golden age.”
His proposals were a Trumpian mix of serious (action on immigration and inflation) and, well, strange. It’s the Gulf of America now, and we’re “taking back” the Panama Canal, baby!
His promised day-one executive orders included:
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Declaring a national emergency at the U.S.-Mexico border, unlocking federal funding for a border wall, reinstating the “remain in Mexico” policy for asylum seekers, and designating drug cartels as “global terrorists.”
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Cutting regulations around oil and gas production by declaring another national emergency, this one on energy. (“We will drill, baby, drill.”)
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Ending the environmental rules he calls “Biden’s electric vehicle mandate.”
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Establishing an “external revenue service” to collect tariffs.
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And ending the “government policy of trying to socially engineer race and gender into every aspect of public and private life.” (You read about Trump’s repudiation of gender ideology in the federal government first in The Free Press on Sunday.)
Later in the day, Trump signed these orders. He also pardoned members of the mob who stormed the Capitol on January 6, 2021, and withdrew the United States from the World Health Organization. Trump’s January 6 pardons went further than his closest allies appear to have anticipated. Earlier this month, J.D. Vance said that those who committed violence during the riot “obviously” should not be pardoned. But Trump has commuted the sentences of members of the Proud Boys and Oath Keepers and granted “a full, complete and unconditional pardon to all other individuals convicted of offenses related to events that occurred at or near the United States Capitol on January 6, 2021.”
Back to Trump’s speech. If there was a theme, it was that his own astonishing political comeback portends a national revival, one that he’ll deliver.
“I stand before you now as proof that you should never believe that something is impossible to do,” he said. “In America, the impossible is what we do best.”
Trump went further. His comeback, and his country’s, he claimed, weren’t just linked but were providential. Recalling the attempt on his life in Butler, Pennsylvania, in July, he said: “I felt then, and believe even more so now, that my life was saved for a reason. I was saved by God to make America great again.”
Gone was the grim “American Carnage” theme of his first inaugural speech. He spoke of the many challenges that “will be annihilated by this great momentum that the world is now witnessing in the United States of America.”
It is a promise both populist and popular, a reminder of why Trump won.
It is also, as my colleague Peter Savodnik argues in his column today, the death knell of neoliberalism and the end of cool.
Here’s Peter: Trump’s critics, “the so-called progressive elites, are howling at the idea that this chump, who is so very unserious, is The One who will restore our seriousness. They miss the point. Only the brawling, bumbling ringleader of the great circus that is today’s Republican Party could break open our sclerotic overclass and lay it bare for the whole republic to see not simply its emptiness but its rot.”
Read Peter’s article, “Trump Is Uncool. And That’s a Good Thing.”
Joe Biden’s Unpardonable Last Act
Another promise Trump made was to “rebalance” the scales of justice. “The vicious, violent, and unfair weaponization of the Justice Department of our government will end,” he said in his inaugural address. This would normally sound like a partisan gripe, if it weren’t for the final presidential acts of his predecessor, writes Eli Lake in The Free Press.
Just moments earlier, Joe Biden had issued sweeping preemptive pardons for his siblings and their spouses. The outgoing president did the same for some of his successor’s high-profile opponents, including Anthony Fauci and Liz Cheney. The level of clemency is without precedent, writes Eli, and inconsistent with Biden’s 2020 promise to uphold the rule of law. Indeed, four years ago Biden expressed his concern that Trump would pardon his own political cronies.
Trump now faces a choice: continue Biden’s erosion of norms, or end the cycle of lawfare. Which will it be?
Read Eli’s full report on Biden’s final act as president—and how Trump might respond.
TikTok on the Clock
The first big internal MAGA dustup of Trump’s second term centers on TikTok, the Chinese-owned social network. Congress passed legislation that forced either the ban or the sale of the app, but on Sunday Trump gave TikTok an eleventh-hour reprieve announcing his intent to keep the app alive for 90 days. Hours after going dark, the short-video platform blinked back on.
This was welcome news to the crowd at a TikTok-sponsored inauguration party Sunday evening. Free Press reporter Olivia Reingold was on the scene and spoke to influencers who say: “We the people are for TikTok.” Read her full dispatch here.
Meanwhile, Joe Lonsdale, a prominent Silicon Valley supporter of Donald Trump, argues that the new president’s TikTok maneuvers undermine the rule of law. Now that Congress and the Supreme Court have weighed in, it doesn’t matter what Trump thinks of the TikTok ban. “The law must take effect,” writes Joe. “Because in our republic, it is the Congress that writes the law. If President Trump disagrees, he can try to change Congress’s mind.”
Read Joe Lonsdale’s op-ed: “Mr. President, Don’t Abandon the Rule of Law to Save TikTok.”
Fashion Police: Inauguration Edition
Okay, now the important stuff: the outfits. Suzy Weiss answers some of the really pressing inauguration questions: How did Melania pull off a hat that obscured half her face? Was there a hidden message in Trump’s choice of tie? And Lauren Sanchez’s white lace corset under a blazer: inappropriate or awesome? (Answer: both.) Read Suzy’s full fashion report here.
(Of course, the best-dressed crowd in D.C. this past weekend came to the party we threw. Read about that here.)
More Notes on the Inauguration. . .
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Did the inauguration really need to be inside? Freezing temperatures forced proceedings indoors for the first time in forty years. But America’s ruling class wasn’t always so sensitive. As my colleague Chuck Lane points out, yesterday’s weather, frigid as it was, couldn’t hold an icicle to the 30-below wind chill at Ulysses S. Grant’s second inauguration on March 4, 1873. Chuck describes the frosty scene at that evening’s inaugural ball, held in a hangar-like temporary pavilion, in his book The Day Freedom Died: The Colfax Massacre, the Supreme Court, and the Betrayal of Reconstruction: “Dignitaries gamely shuffled across the dance floor in their overcoats, as horn and tuba players squeaked out music through the frozen valves of their instruments. Dozens of birdcages dangled from the ceiling; the canaries inside were supposed to accompany the orchestra. But the cold was so intense that the birds shivered, tucked their beaks under their wings, and then began to drop dead.”
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In the beginning—i.e., last Friday—there was the $TRUMP meme coin. It’s kinda sorta like Bitcoin, only Trumpier. On the day it was issued, as traders anticipated the new president’s inauguration, it rose from $10 to $75, giving it a total value of more than $10 billion—billions, we should point out, backed by nothing but Trump’s considerable celebrity. It was yet another signal that his administration would embrace crypto. Then came the $MELANIA meme coin. Weirdly, its arrival caused the $TRUMP coin to drop down to $40. Then $TRUMP rose again in anticipation of the inauguration. Then, both the $TRUMP and $MELANIA coins fell by 30 percent as he gave his inaugural address. Strange. Or maybe not. The volatility of meme coins is a given—that’s kinda the point for traders—and anticipation is always a more powerful driver than the actual event. What does the future hold for $TRUMP and $MELANIA? Probably more extreme volatility. But maybe people will figure out the coins’ value is built on air and they’ll collapse—at which point, maybe the president might decide to regulate crypto after all.
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Indicted New York mayor Eric Adams ditched MLK Day celebrations in his city to attend the president’s inauguration. It’s the latest act of Adams’ MAGA charm offensive, which has included a trip to Mar-a-Lago and a shift in his position on immigration, saying he is open to a rollback of sanctuary city policies. Many speculate Adams—who faces federal bribery and fraud charges—is angling for a pardon. Whatever Adams’ next chapter, his eyebrows will still be flawless.
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Carrie Underwood improvised an a cappella performance of “America the Beautiful” after technical difficulties nixed her backing track. “You know the words—help me out here,” the country singer said, before launching into the patriotic anthem. . . and nailing it.
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