Culture

On the fourth floor of Selfridges, in London, is the children’s toy department. Most of the vast space is given over to soft toys – mounds of synthetic fur, thousands of little beady eyes – and when I visited last Saturday afternoon the customers were almost all adults. I spent two hours there, standing by a tower of little Paddington bears, watching the shoppers in the queue for the register, and it was eye-opening. Almost no one was buying for a child. I saw two Chinese women with white toy lambs, a 17-year-old boy with a dragon, what looked like drug dealers waiting in line for Pokémon cards, and a genuinely troubling number of sad-looking women in their mid-twenties clutching long-eared toy bunnies made by a company called Jellycat.

The BBC reported terrible news recently about polar bears: they are thriving. This is very annoying of them as it goes against the interests of environmental activists, polar bears being the very emblem, mascot and clickbait of climate change cataclysm. But the bears’ stubborn refusal to get the memo and starve has become too obvious to ignore. The latest evidence comes from the Barents Sea, and the Norwegian-administered archipelago of Svalbard in particular, where bear numbers have been steadily increasing. Surprisingly, they are also getting fatter, according to measurements taken when bears are caught and weighed. This is despite a decline in sea-ice cover in the area, especially in fall.

And now his watch is ended. Sir Will Lewis fell on his sword last night, resigning as CEO and publisher of the Washington Post. “After two years of transformation at the Post, now is the right time for me to step aside,” Lewis said in an email to staff. In his note, Lewis thanked only the Post’s proprietor Jeff Bezos. Cockburn hears that least one journalist replied to Lewis’s email, “Bye, bitch.” Lewis had a troubled and confusing tenure. In his final week, the Post cut 30 percent of its staff, including the full books section and scores of foreign reporters. The publication also folded its vaunted sports section into features.

On a cold January night in New York City, Chris Hayes walked off the set of CBS’s Late Show with Stephen Colbert only to face a pressing ethical dilemma. As he left the Ed Sullivan Theater and walked on to Broadway, he got a text from a friend who covers technology for NPR with a screenshot of a Yes/No market that had been spun up on the prediction market Kalshi, based on what Hayes might say on the evening’s broadcast. What would he say about Donald Trump? Would he talk about affordability, Russia, China, Greenland or other topics? It was just a $22,000 market in volume, a minor amount. But what struck Hayes as truly bizarre about the market was this: it was a prediction market about something that had already happened.

No matter how many jurisdictions discover the hard way that wealth taxes backfire, in California an initiative is collecting signatures to put a "one-time" (ha!) 5 percent tax on the net worth of the state’s roughly 200 billionaires on November’s ballot. Hey, those guys are rich. They won’t even notice. But the funny thing about people and money is that even folks with lots like to keep it. The 2026 Billionaire Tax Act is slyly retroactive, a variety of pre-crime legislation – applying to anyone resident in California on 1 January this year, looping a bungee cord around the ankles of would-be absconders. Thus billionaires such as Peter Thiel scrambled to establish a presence in a lower tax state before midnight on New Year’s Eve.

Long ago, in a different world, I edited a magazine called InStyle Weddings, which showcased the nuptial celebrations of the rich and famous. Melania Knauss Trump graced the cover of our spring 2005 issue, in her wedding gown, next to the headline “Behind the Scenes at the Trump Wedding.” My boss at the time had attended Donald and Melania’s January 2005 knot-tying at Mar-a-Lago, as an invited guest, alongside other Manhattan media machers, plus politicians, movie stars, famous athletes and... Jeffrey Epstein. The Trump Organization furnished the quotes for our article, and also approved all the photos.