Leading members of the US political and economic establishment are either ecstatic or nervous about Donald Trump's second term, depending on their respective world-views. Many imponderables cloud the horizon, given some of the unknown quantities in the Trump cabinet or the difficulty in predicting the gap between pre-poll rhetoric and actual policy roll-out. One such X-factor (pun unintended) is Elon Musk. The businessman has been a vocal Trump supporter and now sits at the center of Trump's policy universe. There is intense speculation over Musk's new role, as well as attempts to understand the man, his psyche and its likely impact on the incoming administration. There are multiple ways to skin this, just like the proverbial cat.
The first persona is one with an official role. Officially, he has been designated as co-head of the department of government efficiency (DOGE), a new ministry designed to trim federal flab. Musk will share responsibilities with Vivek Ramaswamy, whose survival instincts, after his failed presidency bid, drove him into Trump's arms. A fog blankets DOGE's exact role; in a co-authored article for Wall Street Journal, Musk and Ramaswamy wrote: "The two of us will advise DOGE at every step to pursue three major kinds of reform: regulatory rescissions, administrative reductions and cost savings."
Denne historien er fra December 02, 2024-utgaven av Mint Mumbai.
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Denne historien er fra December 02, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Steering clear of Trumponomics would serve other countries well
The US president-elect's policy plans will hurt more than help the US and policymakers elsewhere must recognize the risks
Welcome Elon Musk, shadow president-elect of the US
Nobody can predict what part of his inner self will show up as he takes on a new role in the government
Saudi Arabia's popular culture is changing with liberalization
Riyadh's moves to open up the kingdom have had a positive impact
India's slowdown awaits a well-crafted response
The second-quarter loss of economic pace has underlying trends that risk reinforcing its key causes. Indian policy must support private investment, employment and consumption
A right that women don't have is the right to mediocrity
It's not just Harris. Women are judged far more harshly than men for not being exceptional
Not Goa, this techie picked Da Nang for beach holidays
Harsh Vardhan has been to Vietnam thrice in two years, the latest trip was for his honeymoon
EPF users to receive interest till the date of settlement
Members of the Employees' Provident Fund Organisation (EPFO) will now earn interest till the date of settlement of their claims.
Social movements need to lead India's fight against air pollution
We must generate the social capital required for people to act collectively towards a common cause
RETHINKING SME IPOs: SEBI STEPS IN TO ADDRESS MISUSE
Sebi's effort to streamline SME IPOs is laudable but liquidity must also be a key focus area
Repatriating FCNR deposits: What NRIs need to know after becoming residents
When NRIs (non-resident Indian) change their status to resident Indian, is it possible to repatriate the funds from FCNR (foreign currency non-resident account fixed deposit (FD)) for free, without it being subject to regulations of the Liberalised Remittance Scheme (LRS)?
