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Items tagged with: economy


#US & #Iran Agree “In Principle” to Reopen #StraitOfHormuz, US Official Says

The official said Iran had also agreed to dispose of highly enriched #uranium, but stressed that a deal had not yet been signed. US & Iranian officials have described the terms differently.

#TrumpsWar #IranWar #Trump #WarCrimes #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis
nytimes.com/live/2026/05/24/wo…


#Google has been up to no good for a long time, but now they want to get really #evil!

take a look please: keepandroidopen.org/en/

Starting September 2026, a silent update, nonconsensually pushed by Google, will block every Android app whose developer hasn't registered with Google, signed their contract, paid up, and handed over #government ID.


#Android #protest #freedom #app #software #os #smartphone #mobile #phone #opensource #fdroid #future #problem #protest #company #economy #user #customer #resistance #privacy #bigdata #bigtech #surveillance #orwell #control #bigbrother #politics


#US bears brunt of Israel’s missile defense, #Pentagon assessments show

The US military has depleted much of its inventory of advanced missile-defense interceptors after expending far more high-end munitions defending #Israel amid hostilities with #Iran than Israeli forces used themselves, according to #Defense Department assessments described to WaPo.

#Trump #TrumpsWar #IranWar #law #Congress #WarPowers #GovernmentSpending #GovernmentWaste #NationalSecurity #economy
washingtonpost.com/national-se…


It's pretty interesting to see #China order a #US company to unwind the purchase of another company in #Singapore, after it was already complete.

🇺🇸 #Meta > 🇸🇬 #Manus ❌ 🇨🇳 #Government

reuters.com/technology/chinas-…

#SingaporeWashing #News #Business #AI #ArtificialIntelligence #Legal #Politics #Reuters #Economy #Tech


Wired: Meta Employees Are Scrambling to Use Up Benefits Ahead of Layoffs

On the eve of about 8,000 jobs being cut, employees are cashing in on headphone stipends and other perks while they still can.

"...Two employees describe a widespread rush to use up an annual $2,000 flexible benefit, which can cover a variety of expenses including health and wellness activities. A separate triennial credit of $200 toward the purchase of audio gear has led to a scramble to purchase Apple AirPods and other headphones. Another source says Meta offices have been largely empty this week, as people prioritize polishing their résumés and gather offsite to commiserate with friends for what may be their final time as colleagues. Employees are variously “paralyzed,” “coasting,” and “panicked,” sources say...."

wired.com/story/meta-employees…

#meta #ai #jobs #economy #facebook


After Supreme Court losses on tariffs, Trump is pivoting to Section 301 authority, which sets no limit on tariff amounts and gives him country-by-country discretion. A trade economist says it's an unprecedented move likely to face court challenges.
theconversation.com/how-trump-…

#tariffs #economy #trade

theconversation.com/how-trump-…


Story: theconversation.com/whats-in-t…
#economy #gasprices #fuelcosts #inflation #money
theconversation.com/whats-in-t…


#Trump Remarks Reveal a [Callous] #Billionaire Out of Touch

With his generational wealth, his 20-acre Mar-a-Lago estate in Palm Beach, FL, & his lucrative family businesses around the world, Trump has never…[been]…an ordinary American.

Instead, he has argued that he could use his [bogus] business savvy to help lift up the country’s forgotten men & women.

#US #economy #inflation #CostOfLiving #affordability #recession #trumpcession
nytimes.com/2026/05/17/us/poli…



Okay, if this is real, this is worse than I was expecting. I've been thinking about secondary outputs but I've been thinking way more about plastics, inks, other secondaries.

I have been worried about products shortages but maybe not enough. I am and have been assuming that there will be preferential distribution to corporations (which obviously includes most freight) and least preference given to individuals trying to do their own work themselves - e.g., like RAM over the last several months. But I haven't thought about the price side of that.

And holy shit it's gonna get fugly.

So, uh, yeah.

Maybe buy an ebike. Maybe make some plans.

bsky.app/profile/carlquintanil…

#oil #OilPrice #IranWar #fascism #economy #EpsteinWar


Oof. Team? Brace for impact.

Wholesale inflation jumped to 6%, and unlike last time Trump's policies led to this, there's no strong economy and no plague to blame it on. It's not just oil.

msn.com/en-us/money/markets/wh…

You've got _maybe_ a couple of weeks before you see this hit retail. If there's something you need and you can order it early, doing it _now_ is... not a bad idea.

It's not always that simple, but this time it might be.

#economy #inflation #FuckTrump #FuckTheGOP #FuckRepublicans


#Senate confirms #Trump pick #KevinWarsh as chair of the #FederalReserve bringing #partisan leadership to the world’s most powerful #CentralBank at a fraught moment for the #global #economy.

apnews.com/article/fed-warsh-s…


#Palantir contractors working for #NHS to receive ‘unlimited #access’ to #patient #data

source: techradar.com/pro/security/pal…

“That means that Palantir #software can only be used to process data precisely in line with the instruction of the #customer. Using the data for anything else would not only be illegal but technically impossible due to granular access controls overseen by the NHS.”


"technically impossible" - #lol 😭

#uk #england #health #bigdata #society #politics #economy #privacy #news #security #cybersecurity #analysis #wtf #omg #cloud


(me: calling this the The Faux News Schism)

PBS: Older Americans say it's a good time to find a job. Younger people aren't buying it

pbs.org/newshour/economy/older…

#economy #jobs #unemployment


"Legal #immigrants🚨are losing their jobs & their legal status not bc THEY did anything wrong, but bc the GOVT refuses to adjudicate the appls they paid for & filed. It should be a massive scandal."
-A R-Melnick

"100s of 1000s of leg IMMs🚨find themselves in limbo after USCIS refuses to process their cases -all while pocketing >$1B in fees. Visas, work permits, legal perm res, & ctz appls:🚨frozen.
#Impeach #USCIS Dir, #Trump...
#Economy #DHS #ICE #Detention #Cruelty #USPol
inquirer.com/opinion/immigrati…


#Iran responds to #US #ceasefire proposal but #Trump rejects it as 'unacceptable'

Iran sent its response to the latest US ceasefire proposal via Pakistani mediators & wants negotiations to focus on permanently ending the war, but Trump quickly rejected it as “TOTALLY UNACCEPTABLE!” with no details.

#idiocracy #kakistocracy #IranWar #RulesOfWar #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #EnergyCrisis
apnews.com/article/iran-us-war…


Knowing you #browser #fingerprint ...

source: sinceyouarrived.world/taken

A web page that tells you what your browser gave away the moment you arrived. No #login, no form, no #permission. Most pages do this. None of them tell you.


#internet #tracking #software #news #spy #surveillance #web #www #privacy #knowledge #informati#economy on #bigdata #bigtech #anonymity #problem #economy #bigbrother


Fewer American workers are earning a living wage, according to a new study. Just over half can cover costs for themselves and their families with what they’re bringing home from work.

marketplace.org/story/2026/05/…

#usa #economy #uspol #news


The #US #trade court on Thurs ruled against #Trump's ‌latest 10% global #tariffs, finding across-the-board tariffs were not justified under a 1970s trade #law.

The US Court of International Trade [#CIT] ruled in ​favor of #SmallBusinesses that challenged the ⁠tariffs, which took effect on February ​24. The ruling was 2-1, with one ​judge saying it was premature to grant victory to the small business plaintiffs.

#economy #inflation #tax #consumers #business #recession
reuters.com/world/us-trade-cou…


#US intelligence says #Iran can outlast Trump’s #Hormuz #blockade for months

A confidential intelligence community assessment delivered to the White House also finds that Iran retains a substantial missile & drone arsenal.

#Trump #idiocracy #kakistocracy #IranWar #war #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy
washingtonpost.com/national-se…


#Trump admin sows “confusion” as it tries to reopen #StraitOfHormuz [they just have no idea what they’re doing]

The Trump admin’s approach to the #IranWar over the past 24 hrs has pinballed from declarations that a tenuous ceasefire was holding & military operations were over to new threats of bombing the Islamic Republic.

#idiocracy #kakistocracy #US #Iran #war #RulesOfWar #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #MarketManipulation
apnews.com/article/trump-iran-…


#Trump posted on social media that the war with #Iran could soon end & #oil & natural #gas shipments could restart. But that all depends on Iran accepting a reported agreement that Trump did not detail.

“If they don’t agree, the bombing starts,” Trump wrote.

#MarketManipulation

#TrumpsWar #IranWar #US #war #ForeverWars #WarCrimes #RegimeChange #RulesOfWar #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #inflation #economy #energy #EnergyCrisis
apnews.com/article/iran-us-isr…


#UAE responding to missile threats as #Iran & #US issue conflicting #StraitOfHormuz reports

Iran rejects US claim that vessels have crossed through #Hormuz

The #IRGC said NO commercial vessel or tanker had crossed the Strait of Hormuz in the past few hours.

The IRGC called claims by US officials "baseless & complete lies."

Earlier Monday, US #CENTCOM said 2 US flagged merchant vessels had crossed thru the strait.

#IranWar #Trump #law #Congress #WarPowers #economy
reuters.com/world/iran-war-liv…


70% of Americans say they struggle to pay for food, housing and healthcare.

yahoo.com/news/videos/70-ameri…

#usa #news #economy #uspol


#Maryland Is First to Ban #AI #Grocery #PriceGauging

A #state #law that goes into effect in October prohibits grocery stores & third-party delivery services from using consumer data to boost #prices.

The practice — supported by #ArtificialIntelligence & known as #DynamicPricing or #SurveillancePricing — can lead to 2 consumers paying different amounts for the same item from the same retailer, at roughly the same time.

#surveillance #tech #regulation #economy #inflation
nytimes.com/2026/05/01/busines…


Meaningless nonsense

#Trump says deadline for #Congress to approve #IranWar doesn't apply: Hostilities have 'terminated'

The White House asserted to Congress in a letter Friday that hostilities with #Iran have “terminated” despite the continued presence of US armed forces in the region.

#TrumpsWar #war #ForeverWars #WarCrimes #RulesOfWar #law #WarPowers #geopolitics #NationalSecurity #MiddleEast #inflation #economy #oil #energy #EnergyCrisis
apnews.com/article/iran-congre…


#Trump says he'll place 25% #tariff on #autos from #EU, accusing bloc of not complying with #trade deal

Trump said Friday that he will increase #tariffs charged on #cars & #trucks from the EU next week to 25%, a move that could jolt the world #economy at a fragile moment.

Trump said in a social media post that the EU “is not complying with our fully agreed to Trade Deal,” though he did not flesh out his objections in the post.

#inflation #CostOfLiving #affordability
apnews.com/article/trump-tarif…


"On Wall Street, TACO — Trump Always Chickens Out — has abruptly been replaced as a favorite meme by NACHO — Not a Chance Hormuz Opens. As a result, oil futures have soared. ...

So what is preventing the reopening of the Strait? Three factors:"

~ Paul Krugman

#Trump #Hegseth #Iran #war #StraitofHormus #oil #gas #economy #BrentCrude
/3

paulkrugman.substack.com/p/the…


"Gas is $4.23 today. It was $2.98 sixty-one days ago. The blockade that is driving this price is now explicitly indefinite."

#Trump #Hegseth #Iran #war #StraitofHormus #oil #gas #economy #BrentCrude
/2


"Brent crude surged above $126 per barrel overnight — a new wartime high, the highest level since Russia’s full-scale invasion of Ukraine in 2022 — after President Trump formally rejected Iran’s diplomatic proposal and confirmed the US naval blockade of Iranian ports will remain in effect until Iran agrees to dismantle its nuclear program."

~ Rudy Martinez

#Trump #Hegseth #Iran #war #StraitofHormus #oil #gas #economy #BrentCrude
/1

restoftheworldreport.com/p/the…


#Defense Secy Pete #Hegseth is facing questioning from lawmakers for the first time since the #Trump admin launched the #war against #Iran, which Democrats have contested as a costly conflict of choice waged without congressional approval.

The chief financial official for the #Pentagon told lawmakers that the estimated cost to #US taxpayers of the #IranWar is $25 billion so far.

#TrumpsWar #WarCrimes #RegimeChange #RulesOfWar #law #Congress #WarPowers #economy
apnews.com/live/iran-war-hegse…