What we are reading February 5, 2025

Plenty of news this week, including the passing of a rock and roll legend.
How an arcane Treasury Department office is now ground zero in the war over federal spending | CNN Politics
A few weeks before Donald Trump was sworn in as president, members of his transition team went to the Treasury Department to talk about the handover of power.

The Nation’s Report Card Shows Declines in Reading, Some Progress in 4th Grade Math

What is DeepSeek, and why is it causing Nvidia and other stocks to slump?
Chinese startup DeepSeek has debuted an AI app that challenges OpenAI’s ChatGPT and other U.S. rivals, sending a shock through Wall Street.

Tesla fourth-quarter results miss estimates as automotive revenue drops 8%
Tesla reported weaker-than-expected earnings and revenue for the quarter that ended in December.

Millions around the world celebrate Lunar New Year and ring in the Year of the Snake
Firecrackers, parades and prayers marked the Lunar New Year as millions around Asia and farther afield celebrated.
Amazon lays off ‘small number’ of employees in communications and sustainability units
Amazon laid off more than 27,000 employees in 2022 and 2023 and has continued making smaller cuts.

Europe’s Real Competitiveness Challenge
Time to revitalize Europe’s largest companies

Marianne Faithfull: Singer and actress dies at 78
She was known for hits such as 1964’s As Tears Go By and films including 1968’s The Girl On A Motorcycle.

How Democratic Gen Z activists lost the Gen Z vote
The organizations dedicated to mobilizing Gen Z got the turnout they wanted, but not the votes. What did they miss?

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