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Recent Posts
Trump Pushes Stocks Into Bear Market Territory
“A sharp rise in trade-war intensity sent Wall Street spiraling Friday, pushing the Nasdaq into a bear market denoting a 20% decline from its peak,” the Wall Street Journal reports….
Ted Cruz Predicts ‘Bloodbath’ for GOP If Tariff Gambit Fails
Sen. Ted Cruz (R-TX) said that he hopes President Trump’s tariffs work as leverage to get other countries to quickly lower trade barriers, but he sees big risks for jobs…
The Plunge of the Dollar Is a Warning for America
New York Times: “One of the notable things about the ongoing rout in financial markets is the fact that dollar is also tumbling. That isn’t how it typically works. In…
Judge Orders Man Returned from El Salvador Prison
“A federal judge on Friday ordered the Trump administration to ask the government of El Salvador to release a man U.S. immigration officers mistakenly deported to a mega-prison there last…
Switzerland Taken Aback by U.S. Tariffs
New York Times: “The tiny Alpine nation, famous for its political neutrality, fine chocolates and precision watches, had eliminated industrial tariffs recently on all imports, including American goods. It has…
Bernie Sanders Warns U.S. Is a ‘Pseudo-Democracy’
Sen. Bernie Sanders (I-VT), who has been drawing large crowds across the country in recent weeks attacking the Trump administration, told CBS News the United States is a “pseudo-democracy” due…
RFK Jr.’s Team Sought Data to Justify Anti-Science Stance
“The top vaccine regulator ousted by Robert F. Kennedy Jr. said the health secretary’s team has sought nonexistent data to justify antivaccine narratives and pushed to water down regulation of…
Bonus Quote of the Day
“Don’t even get me started on how disgraced must these law firms feel now, how disgraced must these companies that are sucking up to him, that are giving him tens…
‘Everyone Is Terrified’ of Trump
“Capitol Hill Republicans, corporate America and White House allies are terrified about what’s next in President Donald Trump’s escalating trade war. But they fear Trump’s wrath even more,” Politico reports….
Ted Cruz Warns Tariffs Are ‘Terrible for America’
Sen. Ted Cruz (R-TX) is warning about major risks for the American economy and its automotive industry thanks to President Trump’s trade war, saying it could result in the biggest…
Senate Takes Up Budget Blueprint Tonight
“Senate Majority Leader John Thune is forging ahead with a plan to adopt a crucial budget blueprint by Saturday after hitting a last-minute snag Thursday afternoon that delayed a procedural…
Trump Extends TikTok Deadline
Bloomberg: “Trump said he will give Beijing-based ByteDance an additional 75 days to agree to a deal that would sell TikTok’s U.S. operations to an American buyer and avoid a…
Billionaires Have Lost Near Half-Trillion Dollars in 2 Days
“The world’s 500 richest people are seeing the biggest two-day loss ever recorded by the Bloomberg Billionaires Index as fallout from President Donald Trump’s tariff announcement continues to roil global…
Felon Freed by Trump Is Sent Back to Prison
“A violent felon whose sentence was commuted by President Trump was arrested Friday and charged with violating the terms of his supervised release after he was accused of a string…
Europe and China Weigh Closer Economic Ties
Washington Post: “Europe has long looked warily on China’s economic power, discouraged from engaging by the United States but also out of a homegrown sense of distrust. But as Trump…
American Brexit
President Trump is now celebrating what he calls “Liberation Day,” a full-throated embrace of American withdrawal from the global trading system. It’s a message that carries an eerie resemblance to…
Trump Says China ‘Played It Wrong’
President Trump said China “played it wrong” after Beijing retaliated against new U.S. tariffs, unveiling countermeasures that included additional duties of 34% on U.S. goods, Reuters reports. Said Trump: “China…
Measles Outbreak Widens in Texas
The measles outbreak in western Texas has hit 481 cases, with 59 newly identified infections confirmed over the last three days, ABC News reports. Save to Favorites
Fed Warns of Persistent Inflation
“Federal Reserve chair Jerome Powell said Friday that bigger-than-expected tariffs will translate into higher inflation and slower economic growth — and that the higher inflation could be persistent, not temporary,”…
Trump Claims Vietnam Wants to Negotiate
President Trump said he had a call with Vietnam leader To Lam, and said that the latter wants to cut Vietnam’s tariffs down “to zero if they are able to…