Archive for the 'Economy' Category
U.S. Deficit Hits Record $1.1 Trillion In First 5 Months Of 2025 As February Taxes Failed To Cover Even Half Of Spending
March 13th, 2025Via: ZeroHedge: First the good news: Elon Musk’s DOGE is going through government spending with a fine-toothed comb, slashing a million here, a billion there. The bad news: at the rate it is going, DOGE will need a few hundred years to make a tangible impact, because as the Treasury just reported, in February the […]
USAID Official Tells Staffers: Shred and Burn Your Documents
March 11th, 2025How about this: Tape the building off as a crime scene and don’t allow anything to be destroyed. If that doesn’t happen, it means that the Trump administration is allowing the destruction of evidence of fraud in the billions of dollars. Last month, I wrote: They’re going to quickly stumble on to payments for black […]
Trump Doubles Tariffs on Canadian Steel, Aluminum as Ontario Retaliates
March 11th, 2025Via: Yahoo!Finance: President Trump said in a social media post he will be increasing tariffs on Canadian steel and aluminum to 50%, starting tomorrow, in response to Ontario’s 25% surcharge on electricity coming into the United States. “Based on Ontario, Canada, placing a 25% Tariff on ‘Electricity’ coming into the United States, I have instructed […]
Ontario Raises Electricity Price by 25% for Minnesota, Michigan and New York
March 10th, 2025Via: Bloomberg: A Canadian province that exports electricity to the US raised power prices for three states by 25% on Monday in retaliation for President Donald Trump’s tariffs. Ontario directed its grid operator, the Independent Electricity System Operator, to add a C$10 ($7) per megawatt-hour surcharge to all power exported to Minnesota, Michigan and New […]
“Monopoly Reinvents Its Board Game Without Paper Money”
March 7th, 2025Via: Popular Mechanics: Earlier this week, Hasbro announced its newest version of the classic board game Monopoly but with a big change—the role of the banker is gone. In its place is Monopoly App Banking, a concept designed to speed up play and make the game more enjoyable. When it lands in stores this August […]
The Dark MAGA Gov-Corp Technate — Part 1
March 6th, 2025While I’d suggest reading this piece—as more of a cautionary tale than a true account of what’s happening—it borders on bloviation. The Dark MAGA Gov-Corp Technate — Part 1 Here’s a brief summary from Perplexity, which I wish I’d read instead of the whole piece: Here’s a two-page summary of the article “The Dark MAGA […]
Europe: $841 Billion In Defense Spending Over Next Four Years
March 4th, 2025Mmm hmm. Via: Defense News: The European Commission, the executive arm of the European Union, proposed a plan that could free up around €800 billion ($841 billion) in defense spending over the next four years, as the continent prepares to face Russian aggression and help Ukraine to defend itself. Commission President Ursula von der Leyen […]
U.S. IMPOSES 25% TARIFFS ON GOODS FROM MEXICO, CANADA AND 20% ON GOODS FROM CHINA
March 4th, 2025Via: Reuters: President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three U.S. trading partners. The tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade, went […]
TRUMP PAUSES AID TO UKRAINE
March 3rd, 2025More appreciation? For what? For running a massive money laundering operation and using a hopeless war to camouflage the crime? Zelensky: About $100 Billion Missing, “Does Not Know Where All The Money Is”: Now that Trump is in office and the charade is over, Zelensky admits he did not receive over $100 billion of our […]
TSMC to Invest $100 Billion in U.S. Chip Manufacturing
March 3rd, 2025Via: Bloomberg: Taiwan Semiconductor Manufacturing Co., the world’s top producer of AI chips, plans to invest an additional $100 billion in US plants that will boost its chip output on American soil and support President Donald Trump’s goal of increasing domestic manufacturing.
