Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Sunday, 23 March 2025
Fareed’s Take: Trump’s Misguided Push for a ‘Manufacturing Comeback’
Labels:
Donald Trump,
manufacturing,
US economy
Saturday, 22 March 2025
Argentine, la révolution Milei | Décryptages | ARTE
Labels:
Argentine,
Javier Milei
Missed Social Security Checks No Big Deal to Trump Commerce Secretary as Attacks on Agency Escalate
Labels:
Elon Musk,
Rachel Maddow,
Social Security
Friday, 21 March 2025
See Canadian Official’s Response to Trump’s Verbal Attack on Canada
Labels:
Canada,
Donald Trump,
tariffs,
trade war
Stephen Fry, Stanley Tucci and Other Celebrities Speak Out against Welfare Cuts
Neither Keir Starmer nor many in his regime behave like socialists at all. They come over as pro-capitalist wannabees! Keir Starmer is cold and cruel. His sidekick, Cruella de Ville, is just living up to the name people have given her because of her cold-heartedness. If one cannot expect a modicum of compassion and empathy from a socialist government, there is little hope for the underprivileged. – © Mark Alexander
Labels:
welfare cuts
Unlocking Europe's Wealth: How the New Strategy Empowers Your Savings!
Mar 19, 2025 | Discover how the European Commission's Savings and Investments Union (SIU) strategy, unveiled by Commissioner Maria Luís Albuquerque, aims to transform your savings into powerful investments. With over €10 trillion currently in low-yield deposits, this initiative seeks to provide EU citizens with better access to capital markets, offering opportunities for higher returns and fostering economic growth across Europe. Learn how the SIU plans to break down barriers, enhance financial opportunities, and boost the EU's competitiveness in the global market.
Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union
Europeans are some of the best savers in the world, but many of their savings are sitting in low-yield deposit accounts. At the same time, Europe is struggling to meet its investment needs. With the SIU, we can create a virtuous cycle for the benefit of both citizens and companies, helping Europeans get a better return on their hard-earned savings, while bringing substantial investment into the economy. There are barriers we need to overcome to make this happen, and with this communication we have a guide for this vital work.
Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union
Europeans are some of the best savers in the world, but many of their savings are sitting in low-yield deposit accounts. At the same time, Europe is struggling to meet its investment needs. With the SIU, we can create a virtuous cycle for the benefit of both citizens and companies, helping Europeans get a better return on their hard-earned savings, while bringing substantial investment into the economy. There are barriers we need to overcome to make this happen, and with this communication we have a guide for this vital work.
Labels:
Europe,
savings and investments
Thursday, 20 March 2025
Why the Fed’s Job May Get a Lot More Difficult
THE NEW YORK TIMES: President Trump’s plans risk stoking inflation and denting growth, an undesirable combination that economists warn could lead to much tougher trade-offs for the central bank.
When inflation was too high and the economy was resilient in the aftermath of the pandemic, the Federal Reserve’s decision to sharply raise interest rates beginning in 2022 seemed like a no-brainer. The same was true just over two years later when inflation had fallen sharply from its recent peak and the labor market had started to cool off. That paved the way for the central bank to lower borrowing costs by a percentage point in 2024.
What made those decisions relatively straightforward was the fact that the Fed’s goals of achieving low and stable inflation and a healthy labor market were not in conflict with each other. Officials did not have to choose between safeguarding the economy by lowering rates and staving off price increases by either keeping rates high or raising them further.
Economists worry that could soon change. President Trump’s economic agenda of tariffs, spending cuts and mass deportations risks stoking inflation while simultaneously denting growth, an undesirable combination that could lead to much tougher trade-offs for the Fed. » | Colby Smith | Thursday, March 20, 2025
When inflation was too high and the economy was resilient in the aftermath of the pandemic, the Federal Reserve’s decision to sharply raise interest rates beginning in 2022 seemed like a no-brainer. The same was true just over two years later when inflation had fallen sharply from its recent peak and the labor market had started to cool off. That paved the way for the central bank to lower borrowing costs by a percentage point in 2024.
What made those decisions relatively straightforward was the fact that the Fed’s goals of achieving low and stable inflation and a healthy labor market were not in conflict with each other. Officials did not have to choose between safeguarding the economy by lowering rates and staving off price increases by either keeping rates high or raising them further.
Economists worry that could soon change. President Trump’s economic agenda of tariffs, spending cuts and mass deportations risks stoking inflation while simultaneously denting growth, an undesirable combination that could lead to much tougher trade-offs for the Fed. » | Colby Smith | Thursday, March 20, 2025
Labels:
Fed Chair,
Federal Reserve,
US economy
Germany Just Dropped an Unexpected New Bombshell on Musk
Wednesday, 19 March 2025
‘Dangerous Game of Chicken’: Trump Prepping New Tariffs, Threatening the Global Economy
Labels:
Donald Trump,
tariffs
EU & Canada's Just Pulled the Trigger U.S. Again -Canada Ditches Trump’s F-35 Deal– Europe Steps In!
Labels:
Canada,
defence,
European Union,
military systems
Trump Plots Tariffs Worth ‘Trillions’ on World Economy
THE TELEGRAPH: Donald Trump is preparing to impose tariffs on “trillions” of dollars worth of goods next month as he ramps up his global trade war.
The US president has already raised tariffs on roughly $800bn (£616bn) worth of goods from China, Mexico and Canada and introduced levies on global imports of steel and aluminium last week.
White House officials are drawing up plans to impose the levies on imports worth “trillions” from April 2, according to the Washington Post.
Mr Trump has said he would impose “reciprocal tariffs” on that date, which he said would be “a liberating day for our country”. » | Telegraph | Wednesday, March 19, 2025
The US president has already raised tariffs on roughly $800bn (£616bn) worth of goods from China, Mexico and Canada and introduced levies on global imports of steel and aluminium last week.
White House officials are drawing up plans to impose the levies on imports worth “trillions” from April 2, according to the Washington Post.
Mr Trump has said he would impose “reciprocal tariffs” on that date, which he said would be “a liberating day for our country”. » | Telegraph | Wednesday, March 19, 2025
Labels:
Donald Trump,
tariffs,
trade war
Tuesday, 18 March 2025
NZZ erklärt: Wenn Staatsschulden zum Problem werden
Labels:
Staatsschulden
Monday, 17 March 2025
Trump’s Trade War Will Damage Growth OECD Warns | BBC News
Mar 17, 2025 | Economic organisation has said that President Donald Trump’s tariffs will be bad for global economic growth and living standards.
The leading economic think tank the OECD has shared its forecast saying the global economy will only grow by 3.1% this year.
The biggest changes will be felt in the United States's neighbours Mexico and Canada.
This is a self-inflicted wound. What comes will be a trumpcession. – © Mark Alexander
The leading economic think tank the OECD has shared its forecast saying the global economy will only grow by 3.1% this year.
The biggest changes will be felt in the United States's neighbours Mexico and Canada.
This is a self-inflicted wound. What comes will be a trumpcession. – © Mark Alexander
Labels:
Donald Trump,
OECD,
tariff,
trade war
Trump Says the Economy ‘Went to Hell’ under Biden. The Opposite Is True
THE GUARDIAN: By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape
Donald Trump keeps saying he inherited a terrible economy from Joe Biden and many Americans believe him, even though that’s not true. During his White House marketing event for Tesla on Tuesday, Trump said the US and its economy “went to hell” under Biden. Last week, in his national address to Congress, Trump said: “We inherited from the last administration an economic catastrophe and an inflation nightmare.”
But the truth is that by standard economic measures, the US economy was in excellent shape when Biden turned over the White House keys to Trump, even though most Americans, upset about inflation, told pollsters the economy was in poor shape.
When Biden left office, the unemployment rate was a low 4.1%, and during Biden’s four years in office, the average jobless rate was lower than for any president since the 1960s. Trump has repeatedly railed against the high inflation under Biden, but the fact is that by the time Biden left office, the inflation rate had fallen to just 2.9% – down more than two-thirds from its peak and near the Federal Reserve’s inflation goal. » | Steven Greenhouse | Sunday, March 16, 2025
Donald Trump keeps saying he inherited a terrible economy from Joe Biden and many Americans believe him, even though that’s not true. During his White House marketing event for Tesla on Tuesday, Trump said the US and its economy “went to hell” under Biden. Last week, in his national address to Congress, Trump said: “We inherited from the last administration an economic catastrophe and an inflation nightmare.”
But the truth is that by standard economic measures, the US economy was in excellent shape when Biden turned over the White House keys to Trump, even though most Americans, upset about inflation, told pollsters the economy was in poor shape.
When Biden left office, the unemployment rate was a low 4.1%, and during Biden’s four years in office, the average jobless rate was lower than for any president since the 1960s. Trump has repeatedly railed against the high inflation under Biden, but the fact is that by the time Biden left office, the inflation rate had fallen to just 2.9% – down more than two-thirds from its peak and near the Federal Reserve’s inflation goal. » | Steven Greenhouse | Sunday, March 16, 2025
Labels:
US economy
Tesla Sales Are Dropping as Customers Turn Away from Elon Musk over Trump | 7.30
Mar 17, 2025 | Electric vehicle company Tesla used to be seen as a progressive company with its climate-saving agenda driven by tech-savvy CEO, Elon Musk.
But as Musk's 'bromance' with US President Donald Trump developed, so too has the company's image transformed in people's minds.
Antonia O'Flaherty explains.
But as Musk's 'bromance' with US President Donald Trump developed, so too has the company's image transformed in people's minds.
Antonia O'Flaherty explains.
Sunday, 16 March 2025
"The Real Reason Argentina’s Economy Is Such a Mess"
Labels:
Argentina,
Argentinian economy
Pres Trump Says the US Doesn’t “Need” Canada. Is He Right? | Amanpour & Company
Labels:
Amanpour & Company,
Canada,
Donald Trump,
tariffs
Scott Galloway on Markets, Musk, and Trump’s “Weapons of Mass Distraction” | Amanpour & Company
Thom Hartmann: Trump & Musk Secret Plan to Crash Economy to Make Billions!
Mar 16, 2025 | For billionaires like illegitimate President Donald Trump and apartheid oligarch Elon Musk, the only thing better than a good economy... is a bad one.
Thom Hartmann reveals how Donald Trump & Elon Musk are scheming to crash the economy so they can profit off the ruins.
Thom Hartmann reveals how Donald Trump & Elon Musk are scheming to crash the economy so they can profit off the ruins.
Labels:
Donald Trump,
Elon Musk
Beware the Network State: The Tech Blueprint to Dismantle the USA
Saturday, 15 March 2025
1m People to Have Disability Benefits Cut by Labour
THE TIMES: Rachel Reeves vows to ‘get a grip’ on the burgeoning welfare bill but cabinet ministers express disquiet over £5 billion savings
A million people face having their ¬benefits reduced under an overhaul of the welfare system that means only the most severely disabled will qualify.
Cost-cutting reforms due to be ¬announced next week are set to deny payments to many people with mental health conditions and those who ¬struggle with washing, dressing themselves and ¬eating.
The changes to eligibility criteria have been estimated to hit about a million people and are set to be applied to new claims and reassessments of ¬existing claimants. » | Chris Smyth, Whitehall Editor | Friday, March 14, 2025
A million people face having their ¬benefits reduced under an overhaul of the welfare system that means only the most severely disabled will qualify.
Cost-cutting reforms due to be ¬announced next week are set to deny payments to many people with mental health conditions and those who ¬struggle with washing, dressing themselves and ¬eating.
The changes to eligibility criteria have been estimated to hit about a million people and are set to be applied to new claims and reassessments of ¬existing claimants. » | Chris Smyth, Whitehall Editor | Friday, March 14, 2025
Labels:
benefits,
Labour government,
welfare
Friday, 14 March 2025
Too Hard to Swallow? Why Trump's Proposed Tariffs on European Wine Could Crush the EU Wine Industry
They Are Fuming at Javier Milei’s Cuts
I said from day 1 that Javier Milei’s anarcho-capitalism with his ridiculous, symbolic chainsaw is NOT what Argentina needs. It is no long-term solution. It’s all going to end in tears. Only the well-heeled will be spared the misery. The majority of Argentinians will descend into abject poverty. This is so hard for the majority of Argentinians, who have already suffered enough/ Too much, actually. And now we can observe Elon Musk copy Milei’s policies in the USA. The Western world is going to hell in a handbasket. – © Mark Alexander
Labels:
anarcho-capitalism,
Argentina,
Javier Milei
Thursday, 13 March 2025
Stocks Tumble Into Correction as Investors Sour on Trump
THE NEW YORK TIMES: The S&P 500 is now more than 10 percent below its last record high — a line in the sand for investors worried about a sell-off gathering steam.
The world’s most widely followed stock-market benchmark slid into a correction on Thursday, a drop that underscores how the two-year-long bull market is running out of steam in the early days of the Trump administration.
The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Washington over the past few weeks. On-again, off-again tariffs and mass layoffs of federal workers have fomented unease on Wall Street.
On Thursday, the S&P 500 fell 1.4 percent. After weeks of selling, the index is now down 10.1 percent from a peak that it reached less than one month ago and is in a correction — a Wall Street term for when an index falls 10 percent or more from its peak, and a line in the sand for investors worried about a sell-off gathering steam.
Other major indexes, including the Russell 2000 and the tech-heavy Nasdaq Composite, had already fallen into correction. On Thursday, the Nasdaq fell 2 percent, while the Russell 2000 index of smaller companies, which tend to be more exposed to the ebb and flow of the economy, was 1.6 percent lower. » | Joe Rennison and Danielle Kaye | Graphics by Karl Russell | Thursday, March 13, 2025
Why ever did investors and electors believe that Donald Trump knew how to manage the economy? In his working life, he declared business bankruptcy at least four times (click here and here for details), practising on himself first. Now, he's putting the expertise he has gained to use, practising on us. Now, he wants to make the country bankrupt instead! You can't say you weren't warned. Enjoy the rough and bumpy ride! Have plenty of tablets to hand for motion sickness! You're going to need them. This is just the start. Nearly four more years to go of this – at least. – © Mark Alexander
The world’s most widely followed stock-market benchmark slid into a correction on Thursday, a drop that underscores how the two-year-long bull market is running out of steam in the early days of the Trump administration.
The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Washington over the past few weeks. On-again, off-again tariffs and mass layoffs of federal workers have fomented unease on Wall Street.
On Thursday, the S&P 500 fell 1.4 percent. After weeks of selling, the index is now down 10.1 percent from a peak that it reached less than one month ago and is in a correction — a Wall Street term for when an index falls 10 percent or more from its peak, and a line in the sand for investors worried about a sell-off gathering steam.
Other major indexes, including the Russell 2000 and the tech-heavy Nasdaq Composite, had already fallen into correction. On Thursday, the Nasdaq fell 2 percent, while the Russell 2000 index of smaller companies, which tend to be more exposed to the ebb and flow of the economy, was 1.6 percent lower. » | Joe Rennison and Danielle Kaye | Graphics by Karl Russell | Thursday, March 13, 2025
Why ever did investors and electors believe that Donald Trump knew how to manage the economy? In his working life, he declared business bankruptcy at least four times (click here and here for details), practising on himself first. Now, he's putting the expertise he has gained to use, practising on us. Now, he wants to make the country bankrupt instead! You can't say you weren't warned. Enjoy the rough and bumpy ride! Have plenty of tablets to hand for motion sickness! You're going to need them. This is just the start. Nearly four more years to go of this – at least. – © Mark Alexander
Labels:
stock market,
Wall Street
Donald Trump Threatens 200% Tariff on EU Wine and Champagne
THE GUARDIAN: US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskey
Donald Trump has threatened a 200% tariff on wine and champagne from European Union countries, in the latest threat of escalation in the global trade war started by the US president against the country’s biggest trading partners.
Trump said in a post on Thursday on his Truth Social platform that the tariffs on all alcoholic products from the bloc would be retaliation for a “nasty” 50% levy on American bourbon whiskey announced by the EU.
The EU’s action against bourbon whiskey – due to come into force on 1 April – was itself part of a €26bn response to Trump’s 25% tariffs on steel and aluminium imports, which came into effect on Wednesday.
Trump claims the US’s trading partners have taken advantage of the US and that tariffs will help him to bring back jobs – a theory that is roundly rejected by most mainstream economists. » | Jasper Jolly, and Angelique Chrisafis in Paris | Thursday, March 13, 2025
Donald Trump has threatened a 200% tariff on wine and champagne from European Union countries, in the latest threat of escalation in the global trade war started by the US president against the country’s biggest trading partners.
Trump said in a post on Thursday on his Truth Social platform that the tariffs on all alcoholic products from the bloc would be retaliation for a “nasty” 50% levy on American bourbon whiskey announced by the EU.
The EU’s action against bourbon whiskey – due to come into force on 1 April – was itself part of a €26bn response to Trump’s 25% tariffs on steel and aluminium imports, which came into effect on Wednesday.
Trump claims the US’s trading partners have taken advantage of the US and that tariffs will help him to bring back jobs – a theory that is roundly rejected by most mainstream economists. » | Jasper Jolly, and Angelique Chrisafis in Paris | Thursday, March 13, 2025
Labels:
Donald Trump,
European Union,
tariffs
Wednesday, 12 March 2025
Wall Street Journal Slams Trump for ‘Dumbest Trade War in History’
Labels:
Canada,
Donald Trump,
trade war,
Wall Street
EU Retaliates Against Trump's New Metal Tariffs | Full Remarks
Labels:
European Union,
tariffs,
Ursula von der Leyen,
USA
Tuesday, 11 March 2025
Australian and American Stock Markets Tumble Due to Trump’s Tariffs | 10 News First
THE NEW YORK TIMES:
Stocks Fall Again on Trump’s Latest Tariff Talk: Investors were shaken by President Trump’s latest tariff threat, dragging the S&P 500 down further after its worst day of the year. »
Labels:
stock markets,
tariffs,
trade wars,
Trumpcession
'We Will Not Back Down, We Will Be Relentless': Ontario Premier Slams Trump Tariffs
Danish MEP Explains Why He Advised Trump to "F*** Off" | Anders Vistisen
It is to be hoped that Greenlanders choose to stay with Denmark. To reject Denmark in favour of the USA would be very unwise indeed. The whole world can observe how shabbily people are treated in the USA. In the USA, if you don’t have billions, you are treated as expendable trash. My advice to Greenlanders is this: Stick with Denmark, stick with the refined and civilised Danes! – © Mark Alexander
Labels:
Denmark,
Donald Trump,
Greenland,
Kalaallit Nunaat,
USA
Monday, 10 March 2025
The Dawn of the Great Depression I Slice HISTORY | Full Documentary
Sep 3, 2023 | October 24, 1929, the Wall Street Stock Exchange crashes, the greatest economic crisis of the 20th century suddenly breaks out.
Fuelled by frenetic speculation, and by the idea that everyone can get rich without limits, it puts a final stop to the euphoria of the 1920s.
America is then caught in a devastating cycle which spreads around the world a few months later like a malign infection. Documentary: 1929 - Part 1: The Crash Directed by: William Karel Production: ROCHE Productions
Fuelled by frenetic speculation, and by the idea that everyone can get rich without limits, it puts a final stop to the euphoria of the 1920s.
America is then caught in a devastating cycle which spreads around the world a few months later like a malign infection. Documentary: 1929 - Part 1: The Crash Directed by: William Karel Production: ROCHE Productions
‘Not What Trump Promised’: Wall Street Sell-off Worsens amid Recession Fears
Labels:
US stock markets
US Stocks Plunge as Fears Grow over Economic Slowdown | BBC News
Mar 10, 2025 | US stocks plunged on Monday as fears grew over an economic slowdown, after President Donald Trump did not rule out a recession.
The Nasdaq sank by 4.0% at the close of trading, its largest single-day loss since 2022, and there were heavy losses on other markets with tech stocks seeing the largest drops.
President Trump said the US economy was in a period of transition, after he was asked about concerns over a potential recession.
The Nasdaq sank by 4.0% at the close of trading, its largest single-day loss since 2022, and there were heavy losses on other markets with tech stocks seeing the largest drops.
President Trump said the US economy was in a period of transition, after he was asked about concerns over a potential recession.
Labels:
US stock markets
US Stocks Register Heavy Falls as White House Tries to Talk Up Trump Tariffs
THE GUARDIAN: Dow, S&P 500 and Nasdaq all down by at least 2% and Tesla shares fall 15% for worst day since September 2020
The US stock market continued to drop on Monday as the White House denied that Donald Trump’s trade policies were causing lasting chaos within the economy.
The S&P 500 fell 2.7%, the Dow Jones dropped 2%, and the tech-heavy Nasdaq dropped 4% as investors sold shares in the so-called “magnificent seven” – Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia and Tesla. Tesla’s shares had their worst day since September 2020, falling 15%.
The fall came a day after Trump skirted around questions about a potential recession on Sunday. Asked if he expected a recession, Trump said: “There is a period of transition, because what we’re doing is very big … It takes a little time, but I think it should be great for us.” » | Lauren Aratani in New York | Monday, March 19, 2025
The US stock market continued to drop on Monday as the White House denied that Donald Trump’s trade policies were causing lasting chaos within the economy.
The S&P 500 fell 2.7%, the Dow Jones dropped 2%, and the tech-heavy Nasdaq dropped 4% as investors sold shares in the so-called “magnificent seven” – Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia and Tesla. Tesla’s shares had their worst day since September 2020, falling 15%.
The fall came a day after Trump skirted around questions about a potential recession on Sunday. Asked if he expected a recession, Trump said: “There is a period of transition, because what we’re doing is very big … It takes a little time, but I think it should be great for us.” » | Lauren Aratani in New York | Monday, March 19, 2025
Labels:
Donald Trump,
tariffs,
Trumpcession,
US stock markets
US Shares Plunge amid Fears of Trump Recession
THE TELEGRAPH: Wall Street’s stock markets plunged amid fears Donald Trump’s tariff trade war will hammer American growth.
The tech-heavy Nasdaq Composite sank by 2.5pc to its lowest level since September after the US president said on Sunday that the world’s largest economy faces “a period of transition.”
The benchmark S&P 500 dropped 1.5pc and the Dow Jones Industrial Average fell as much as 1.2pc - a fall of more than 500 points - as Wall Street reassessed the outlook for the US economy.
Morgan Stanley warned the S&P 500 could drop another 5pc to 5,500 points by mid-year, having already slumped more than 3pc so far in 2025 and by more than 7pc from its peak in February. » | Chris Price | Monday, March 10, 2025
The "very stable genius" is doing rather well, I see! He's demonstrating his grasp of economics to the world. – © Mark Alexander
The tech-heavy Nasdaq Composite sank by 2.5pc to its lowest level since September after the US president said on Sunday that the world’s largest economy faces “a period of transition.”
The benchmark S&P 500 dropped 1.5pc and the Dow Jones Industrial Average fell as much as 1.2pc - a fall of more than 500 points - as Wall Street reassessed the outlook for the US economy.
Morgan Stanley warned the S&P 500 could drop another 5pc to 5,500 points by mid-year, having already slumped more than 3pc so far in 2025 and by more than 7pc from its peak in February. » | Chris Price | Monday, March 10, 2025
The "very stable genius" is doing rather well, I see! He's demonstrating his grasp of economics to the world. – © Mark Alexander
Labels:
recession,
Trumpcession,
US shares
Sunday, 9 March 2025
Trump Declines to Rule Out Recession as Tariffs Begin to Bite
THE NEW YORK TIMES: President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”
President Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession.
In the interview with Maria Bartiromo, the host of “Sunday Morning Futures” on Fox News, Mr. Trump also said that he was considering increasing tariffs against Mexico and Canada. The interview took place on Thursday at the White House.
Referencing “rising worries about a slowdown,” Ms. Bartiromo asked Mr. Trump: “Are you expecting a recession this year?”
“I hate to predict things like that,” Mr. Trump responded. “There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing, and there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us.”
Mr. Trump’s imposition of sweeping tariffs on Canada, Mexico and China last week rocked stock markets and invited pushback from industries, including the largest automakers, who told the president that the duties would decimate their business. Canada immediately retaliated with tariffs on $20.5 billion worth of American exports and threatened additional measures. China has also placed tariffs on U.S. goods and plans to impose another round on Monday. » | Luke Broadwater, Colby Smith and Ana Swanson | Sunday, March 9, 2025
President Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession.
In the interview with Maria Bartiromo, the host of “Sunday Morning Futures” on Fox News, Mr. Trump also said that he was considering increasing tariffs against Mexico and Canada. The interview took place on Thursday at the White House.
Referencing “rising worries about a slowdown,” Ms. Bartiromo asked Mr. Trump: “Are you expecting a recession this year?”
“I hate to predict things like that,” Mr. Trump responded. “There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing, and there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us.”
Mr. Trump’s imposition of sweeping tariffs on Canada, Mexico and China last week rocked stock markets and invited pushback from industries, including the largest automakers, who told the president that the duties would decimate their business. Canada immediately retaliated with tariffs on $20.5 billion worth of American exports and threatened additional measures. China has also placed tariffs on U.S. goods and plans to impose another round on Monday. » | Luke Broadwater, Colby Smith and Ana Swanson | Sunday, March 9, 2025
Labels:
Donald Trump,
recession,
Trumpcession
Dokumentation: Welche Macht haben Musk, Zuckerberg & Co. unter Präsident Trump? | auslandsjournal
Labels:
Dokumentation,
Donald Trump
Saturday, 8 March 2025
Why the US and Europe Are Battling for Greenland’s Future | Mapped Out
Labels:
Europe,
Greenland,
KalaallitNunaat,
USA
Friday, 7 March 2025
The American Empire Is Over: Richard Wolff on Trump, Tariffs and the Rising Power of BRICS | UpFront
Mar 7, 2025 | United States President Donald Trump is pushing to slash public spending and implement tariffs on countries including China, Canada and Mexico, straining diplomatic relations.
He, together with billionaire Elon Musk, is also gutting the federal government and purging its workforce.
What impact will these measures have on US citizens? And how will they affect the country’s global standing?
This week on UpFront, Marc Lamont Hill speaks with economist Richard Wolff about Trump’s economic policies and their impact on the US’s international standing.
He, together with billionaire Elon Musk, is also gutting the federal government and purging its workforce.
What impact will these measures have on US citizens? And how will they affect the country’s global standing?
This week on UpFront, Marc Lamont Hill speaks with economist Richard Wolff about Trump’s economic policies and their impact on the US’s international standing.
Labels:
BRICS,
Donald Trump,
Dr Richard Wolff,
Elon Musk,
tariffs,
tax cuts
Schiff Exposes Trump & Elon's Billionaire Giveaway Scheme
Labels:
Adam Schiff,
Donald Trump,
Elon Musk,
tax bonanza
Wednesday, 5 March 2025
Sen. Sanders Responds to Trump's Congressional Address
This is the man who should be the president, not Trump! We would see a very different, much fairer America were he to be POTUS. He would turn Trump’s kleptocracy into an economy that serves the people, not the plutocrats. It is such a pity that the American electorate cannot come to its senses. – © Mark Alexander
Labels:
Bernie Sanders,
Donald Trump,
US Congress
Tuesday, 4 March 2025
Canadian Prime Minister Justin Trudeau Slams Trump’s Tariffs
Labels:
Canada,
Donald Trump,
Justin Trudeau,
tariffs
Trump Could Destroy Dollar’s Safe Haven Status, Bank Warns
THE TELEGRAPH: The dollar is at risk of losing its status as a safe haven for global investors, one of Europe’s biggest banks has warned as Donald Trump presses ahead with tariffs against China and his nearest allies.
Deutsche Bank said several developments at the start of the year indicated the weakening appeal of the US currency, which declined against both the pound and the euro today despite tariffs threatening to stoke inflation in the world’s largest economy.
George Saravelos, global head of FX research at Deutsche Bank, said: “We do not write this lightly. But the speed and scale of global shifts is so rapid that this needs to be acknowledged as a possibility.” » | Chris Price | Tuesday, March 4, 2025
Deutsche Bank said several developments at the start of the year indicated the weakening appeal of the US currency, which declined against both the pound and the euro today despite tariffs threatening to stoke inflation in the world’s largest economy.
George Saravelos, global head of FX research at Deutsche Bank, said: “We do not write this lightly. But the speed and scale of global shifts is so rapid that this needs to be acknowledged as a possibility.” » | Chris Price | Tuesday, March 4, 2025
Labels:
Donald Trump,
US dollar
Monday, 3 March 2025
The New Authoritarianism
THE ATLANTIC: This isn’t single-party rule, but it’s not democracy either.
With the leader of a failed coup back in the White House and pursuing an unprecedented assault on the constitutional order, many Americans are starting to wrap their mind around what authoritarianism could look like in America. If they have a hard time imagining something like the single-party or military regimes of the Soviet Union or Nazi Germany, or more modern regimes like those in China or Russia, that is with good reason. A full-scale dictatorship in which elections are meaningless and regime opponents are locked up, exiled, or killed remains highly unlikely in America.
But that doesn’t mean the country won’t experience authoritarianism in some form. Rather than fascism or single-party dictatorship, the United States is sliding toward a more 21st-century model of autocracy: competitive authoritarianism—a system in which parties compete in elections but incumbent abuse of power systematically tilts the playing field against the opposition. In his first weeks back in office, Donald Trump has already moved strongly in this direction. He is attempting to purge the civil service and directing politicized investigations against rivals. He has pardoned violent paramilitary supporters and is seeking to unilaterally seize control over spending from Congress. This is a coordinated effort to dig in, cement power, and weaken rivals. » | Steven Levitsky | Monday, February 10, 2025
With the leader of a failed coup back in the White House and pursuing an unprecedented assault on the constitutional order, many Americans are starting to wrap their mind around what authoritarianism could look like in America. If they have a hard time imagining something like the single-party or military regimes of the Soviet Union or Nazi Germany, or more modern regimes like those in China or Russia, that is with good reason. A full-scale dictatorship in which elections are meaningless and regime opponents are locked up, exiled, or killed remains highly unlikely in America.
But that doesn’t mean the country won’t experience authoritarianism in some form. Rather than fascism or single-party dictatorship, the United States is sliding toward a more 21st-century model of autocracy: competitive authoritarianism—a system in which parties compete in elections but incumbent abuse of power systematically tilts the playing field against the opposition. In his first weeks back in office, Donald Trump has already moved strongly in this direction. He is attempting to purge the civil service and directing politicized investigations against rivals. He has pardoned violent paramilitary supporters and is seeking to unilaterally seize control over spending from Congress. This is a coordinated effort to dig in, cement power, and weaken rivals. » | Steven Levitsky | Monday, February 10, 2025
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