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The Guardian
|March 15, 2025
To the people who parked their consciences and voted for Donald Trump because, they thought, he'd slash regulation, cut corporate taxes and eviscerate the federal government to send their stock holdings soaring, I'd like to ask: how's that working out for you?
Monday For anyone with a pension, college-savings or other assets in the US market this was an unrelaxing week, during which the Dow fell by almost 900 points on Monday and some $4tn (£3tn) was wiped off the S&P 500.
Best not to look, in my view. Don't look, don't sell, hold your nerve on the assumption it'll be fine in 10 years' time, just as the markets recovered eventually and ebulliently after the 2008 crash and Covid. In the meantime, let's console ourselves with the silver lining that Elon Musk found himself personally $22.8bn the poorer on Monday, as Tesla's share price plummeted. Even more gratifying: unlike the overall market losses, Musk's losses were at least in part caused by personal animus.
The backlash against Musk has been growing in recent weeks, sending down Tesla sales and making the car's dealerships and drivers targets. Sheryl Crow sold hers. The actor Jason Bateman said that driving a Tesla was tantamount to rocking a Trump sticker on your bumper. And with each passing week, more protesters gather outside Tesla showrooms across the US.
Meanwhile, individual owners have discovered that the cost of driving a car that once symbolised wealth and status is to be called a Nazi in supermarket car parks. A nice Subaru, anyone?
Tuesday Ten days after the Duchess of Sussex's new show, With Love, Meghan, dropped on Netflix there are still questions to answer: primarily, is her insistence on calling herself Sussex strictly in line with protocol? And, by correcting the misuse of her name, was she passive-aggressively bullying her episode-two guest, Mindy Kaling?
This story is from the March 15, 2025 edition of The Guardian.
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