Additional nontechnical information on tariffs in the United States EconoFact: Tariff Payback Tariff Payback This week, the Trump administration began accepting requests for refunds of more than $166 billion in tariff payments following the Supreme Court’s February ruling: “the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs.” Who Benefits: But while the refunds […]
Hegseth’s Department of Defense budget increases by $440.9 billion in planned expenditures. More likely than not, more deficit spending on something which will be obsolete in the near future as technology will outrun that version of Defense technology. We shall see, The reasoning for this budget? “For many years, defense spending has prioritized maintenance of […]
Unusual for one SCOTUS judge to criticize another judge openly. Justice Sonia is correct though as Justice Kavanaugh did not take everything into account as to the temporary stops. U.S. Supreme Court Justice Sonia Sotomayor on Tuesday criticized another member of the high court for failing to understand the consequences of an order issued last […]
About two weeks old but still a good read. Trump defunding public TV. “Government funding of news media in this environment is not only outdated and unnecessary but corrosive to the appearance of journalistic independence.” “Big Bird’s Obituary: Greatly Exaggerated” Civil Discourse Joyce Vance April 13 With apologies, tonight’s column runs a little longer than […]
& Protecting It Under alternative forms of government such as autocracy, oligarchy, theocracy, etc., and various variants thereof, a small minority runs the country, the nation. In a democracy, the government belongs to the people. Democracies are inclusive. The people choose and depose the leaders. It is thus that everyone has a voice in decision-making. […]
This commentary is a breakdown of Figure 1 detailing each of the results and purposes of Medicap. I favor graphs as it is far easier to understand than reading a few pages. The charts do show issues such as income to afford Medigap and restrictions. I have Plan N which covers most of what I […]
– by New Deal democrat As I noted earlier this week, I haven’t updated my suite of long leading indicators in a while, mainly because they have been overwhelmed by the economic chaos emanating from Washington, and partly also because several important ones are in terra incognito. On Monday and Wednesday I updated the non-financial […]
The last few weeks in Arizona, we have experienced higher than normal temperatures. Well, of course we are in Arizona, what would you expect? I am hearing from the longer term residents, about 10 degrees lower. It is not terribly hot. just unusual. I believe we face a greater danger from the building of more […]
Trump’s Never-ending War and Trump’s Never-ending Tariffs are pushing up Never-ending price increases “Why Consumers are F*cked” Robert Reich Energy Secretary Chris Wright’s admission yesterday that it “could be next year” before gas prices return to below $3-a-gallon is causing trauma in Republican circles because “next year” is after the November 3 midterm elections. Initially Trump said he could […]
Gallons of digital ink are spilled weekly about how AI will be a job-destroying juggernaut. But it’s far from clear that all jobs will be vulnerable and on what time scale the AI replacement will occur. “Who gets laid off first? Writers and editors are at the greatest risk, the report says — 57 percent […]