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Items tagged with: ECONOMY
This week's comic: Playing the wealth card
#cartoon #comic #billionaires #uspol #oligarchy #authoritarianism #economy
The world’s most widely followed #StockMarket benchmark slid into a correction on Thurs, a drop that underscores how the 2-yr-long bull market [#Bidenomics] is running out of steam in the early days of the #Trump admin.
The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Trump over the past few weeks. On-again, off-again #tariffs & #MassLayoffs of #FederalWorkers have fomented unease on #WallStreet.
#economy #Trumpcession
nytimes.com/2025/03/13/busines…
Stocks Fall Into a Correction With Investors Down on Trump
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.Joe Rennison (The New York Times)
"Reading and watching the dutiful daily coverage of Trump’s trade war, you might well have no idea just how crazy it is.
The reality is this: There’s no good reason for it, it hurts everyone, and it’s arguably going to tank the American and international economies."
~ Dan Froomkin
#Musk #Trump #destruction #economy #tariffs #insanity #StockMarket #recession #media
/1
criticalread.substack.com/p/pr…
Press coverage of Trump’s tariffs understates the insanity
One CNBC analyst has spoken the truth. Will other journalists follow?Dan Froomkin (Press Watch)
#Billionaires at #Trump’s Swearing-In Have Since Lost $209 #Billion
Source: bloomberg.com/news/articles/20…
Seven weeks later, it’s a different story. The start of Trump’s second term has delivered a stunning reversal for many of those billionaires sitting behind Trump in the #Capitol Rotunda, with five having lost a combined $209 billion in #wealth...
#news #usa #politics #WhiteHouse #government #president #Musk #Zuckerberg #bezos #economy #money #finance #oligarch #oligarchy #capitalism
"It was a bloodbath for Tesla shareholders today as the stock fell off a cliff, which followed a long string of losses in the last several weeks."
~ Ron Filipkowski
meidasplus.com/p/today-in-poli…
#Musk #Trump #destruction #economy #recession #StockMarket #Dow #Nasdaq #stagflation #EconomicElites #billionaires #TaxCuts #Tariffs #Tesla
/13
Today in Politics, Bulletin 88. 3/10/25
… It was a bloodbath for Tesla shareholders today as the stock fell off a cliff, which followed a long string of losses in the last several weeks.Ron Filipkowski (Meidas+)
Reuters on loss of $4 trillion by US stock market in last month
reuters.com/markets/us/investo…
#Musk #Trump #destruction #economy #recession #StockMarket #Dow #Nasdaq #stagflation #EconomicElites #billionaires #TaxCuts #Tariffs
/12
Paul Krugman on plunging stock market and New York Fed’s consumer survey showing serious deterioration in consumer confidence
paulkrugman.substack.com/p/the…
#Musk #Trump #destruction #economy #recession #StockMarket #Dow #Nasdaq #stagflation #EconomicElites #billionaires #TaxCuts #Tariffs
/11
"Less than two months after his inauguration, Trump has been Reverse Jesus, speaking new economic storms into existence."
~ Andrew Egger
thebulwark.com/p/maybe-sleepy-…
#Musk #Trump #destruction #economy #recession #StockMarket #Dow #Nasdaq #stagflation #EconomicElites #billionaires #TaxCuts #Tariffs
/9
Maybe the Sleepy President Wasn’t So Bad!
When Trump said he would lower costs, we didn’t realize he meant the cost of stocks.William Kristol (The Bulwark)
Kevin Necessary at David Pepper
davidpepper.substack.com/p/day…
#Musk #Trump #destruction #economy #recession #StockMarket #Dow #Nasdaq #stagflation #EconomicElites #billionaires #TaxCuts #Tariffs
/8
"We're going to become so rich, you're not going to know where to spend all that money."
~ Trump when asked about recession possibility, from Heather Cox Richardson
heathercoxrichardson.substack.…
#Musk #Trump #destruction #economy #recession #StockMarket #Dow #Nasdaq #stagflation #EconomicElites #billionaires #TaxCuts #Tariffs
/7
March 10, 2025
Last week’s dramatically dropping stock market prompted Fox News Channel personality Maria Bartiromo to ask Trump in an interview that aired yesterday if he was expecting a recession.Heather Cox Richardson (Letters from an American)
"I'm going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk."
~ Trump yesterday
#Musk #Trump #destruction #economy #recession #StockMarket #Dow #Nasdaq #stagflation #EconomicElites #billionaires #TaxCuts #Tariffs #Tesla
/6
#Google begs owners of crippled #Chromecasts not to hit factory #reset - Expired #SSL cert kerfuffle leaves second-gen, #Audio gadgets useless
Source: theregister.com/2025/03/10/goo…
… with devices failing to cast due to an expired #security #certificate. The web giant is aware of the #breakdown and says a fix is in the works.
#fail #economy #customer #online #problem #news
Google begs owners of crippled Chromecasts not to hit factory reset
Expired SSL cert kerfuffle leaves second-gen, Audio gadgets uselessIain Thomson (The Register)
You knew it was coming: #Google begins testing #AI - only #search results
source: arstechnica.com/google/2025/03…
#technology #internet #problem #economy #future #quality #web #www
You knew it was coming: Google begins testing AI-only search results
AI Mode could be the future of Google, but it’s currently just an experiment.Ryan Whitwam (Ars Technica)
the problem
#meme #economy #capitalism #consume #finance #money #politics #fail
♲ Anarchist Art Ⓐ - 2025-03-07 13:10:04 GMT
By Bedassa Tadesse, University of Minnesota Duluth
A potential $110B economic hit: How Trump’s tariffs could mean rising costs for families, strain for states
The shock will fall hardest on consumers, certain industries, and states that are sensitive to supply-chain disruptions.The Conversation
Starting Wed, >100k people, many of them parishioners at #BlackChurches, are pledging to abstain from shopping at #Target, part of a 40-day nationwide #boycott of the retail giant more than a month after the company abandoned its #diversity, #equity & #inclusion initiatives.
The effort, led by prominent faith & #CivilRights leaders such as Pastor Jamal Bryant, includes Atlanta, Houston, Jacksonville, & Alexandria.
#economy #FreeSpeech #law #USpol #Trump #discrimination
washingtonpost.com/business/20…
When Biden left the White House, the economy was growing at 3.9%.
Now that Trump is in the White House he’s turned it into a NEGATIVE 2.5% growth rate IN SIX WEEKS.
Republican Presidents destroy the economy.
#Economy #StockMarket #GDP #ArrestTrump #ArrestMusk #DonaldKrasnov #RepublicansOwnThis #GOPKakistocracy #GOPWeirdos #NoRepublicansEverAgain #USPol
How DOGE’s Cuts to the IRS Threaten to Cost More Than DOGE Will Ever Save
—
The Trump administration claims gutting federal agencies will save money, but cutting the IRS means the government collects less taxes. “If you’re interested in the deficit and curbing it, why would you cut back on the revenue side?” one expert asks.
propublica.org/article/how-dog…
#News #DOGE #Trump #IRS #Federal #Government #Economy #USPolitics
#economy
How Trump’s second term might affect the market and your finances
It all comes down to uncertainty.The Conversation
As #Israel uses US-made #AI models in #war, concerns arise about tech’s role in who lives and who dies
Source: apnews.com/article/israel-pale…
The investigation also revealed new details of how AI systems select targets and ways they can go wrong, including faulty data or flawed #algorithms. It was based on internal documents, data and exclusive interviews with current and former Israeli officials and company employees.
#cyberwar #technology #death #humanity #Military #Research #Problem #news #ethics #humanrights #economy #collateraldamage #algorithm #Software
How US tech giants' AI is changing the face of warfare in Gaza and Lebanon
U.S. tech giants have quietly empowered Israel to track and kill many more alleged militants more quickly in Gaza and Lebanon through a sharp spike in artificial intelligence and computing services.Michael Biesecker (AP News)
This latest of pet issues advanced by the #crypto crew has somehow won priority status on Lieutenant Governor Dan Patrick’s biennial honey-do list. Governor Greg Abbott even suggested interest. texasobserver.org/texas-bitcoi…
#Texas #GregAbbott #politics #USpol #tech #economy #news #TXlege
[newsie.social/tags/climatechan…], dwindling downtowns, federal cuts
and pension costs. A public policy expert sees budget fixes as chances to build
public consensus on what cities can afford: #economy
[newsie.social/tags/economy] #taxes [newsie.social/tags/taxes]
theconversation.com/a-fiscal-c…
[theconversation.com/a-fiscal-c…]
Newsie
A stable and professionally administered Mastodon server that hosts a large number of journalists and news outlets. Content focuses heavily on news and current events. #newstodonMastodon hosted on newsie.social
#Microsoft begins turning off #uBlockOrigin and other extensions in #Edge
Source: neowin.net/news/microsoft-begi…
#Windows #Browser #Software #news #www #web #internet #economy #advertisement #adblocker #Problem
Microsoft begins turning off uBlock Origin and other extensions in Edge
Microsoft is now in the process of turning off Manifest V2-based extensions in Edge, such as uBlock Origin. However, not everything is lost at this point.Taras Buria (Neowin)
WaPo, but it’s an exclusive 🤷🏼♀️ #GiftArticle
#ElonMusk’s business empire is built on $38B in #GovernmentFunding
Govt infusions at key moments helped #Tesla & #SpaceX flourish, boosting Musk’s #wealth
#Musk & his cost-cutting US #DOGE Service team have been on a mission to trim govt largesse. Yet Musk is one of the greatest beneficiaries of the taxpayers’ coffers.
#hypocrisy #USpol #law #economy #business #finance #tech #FederalAgencies #FederalWorkers #kleptocracy
wapo.st/41uIOJ4
A fiscal crisis is looming for many US cities
A perfect storm of rising costs and declining revenues is stressing many US city budgets – and the Trump administration isn’t likely to send much help.The Conversation
Latest comic: What's the point of an economy that no longer serves the interests of human beings?
#labor #workers #economy #oligarchy #technology #automation #uspol #uspolitics #plutocracy
Entire #Marvel Rivals Seattle Team Laid Off, Including Director, Months After Successful Launch
Source: screenrant.com/netease-lays-of…
"This is such a weird #industry...my stellar, talented team just helped deliver an incredibly successful new franchise in #MarvelRivals for #NetEase #Game...and we were just laid off!"
It is grotesque that not even good #work guarantees a #job under #capitalism. 😱
#news #Software #gaming #gamer #fail #scandal #economy #Problem #labour #future #humanity
Entire Marvel Rivals Seattle Team Laid Off, Including Director, Months After Successful Launch
NetEase has made the controversial choice to lay off a large part of the Marvel Rival's development team, including the lead designer and director.Tatiana Whybrow (Screen Rant)
#Disney Removes Awkwardly Suggestive 'Dripping' #Mickey And #Minnie Souvenir #Ears After #Fan Mockery
Source: comicsands.com/disney-dripping…
#scandal #fail #entertainment #shit #shitstorm #economy #news
Disney Removes Awkwardly Suggestive 'Dripping' Souvenir Ears: PHOTO
Disney removed a pair of special edition Mickey and Minnie Mouse ears from its 100th anniversary celebration merchandise after their "dripping with excitement" design spawned all sorts of jokes online.Peter Karleby (Comic Sands)
"According to Linda F. Hersey of Stars and Stripes, about one third of all federal workers are veterans, while veterans make up only about 5% of the civilian workforce. In fiscal year 2023, about 25% of the federal government’s new hires were veterans, and they have been hit hard by the firings that cut people who were in their first year or two of service."
~ Heather Cox Richardson
#Musk #Trump #DOGE #economy #workers #firings #FederalGovernment #veterans
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heathercoxrichardson.substack.…
February 20, 2025
On Monday, James Marriott of The Times, published in London, noted that the very stability and comfort of the post–World War II liberal order has permitted the seeds of its own destruction to flourish.Heather Cox Richardson (Letters from an American)
