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Items tagged with: Economy
President Donald Trump told Americans to buy fewer pencils to alleviate the bad situation millions now find themselves in under his economic policies during a speech in Pennsylvania on Tuesday night.
“You can give up certain products. You can give up pencils. That’s under the China policy, you know every child can get 37 pencils—they only need one or two, you know they don’t need that many,” Trump said, adding, “You don’t need 37 dolls for your daughter, two or three is nice, but you don’t need 37 dolls.”
rooseveltinstitute.org/publica…
Yep - break down this concentration in EVERY sector of the #global #economy. No more #cartels, #oligopolies, #monopolies, etc. Just make real #competition the default.
End ALL #billionaires #plutocrats #oligarchs - this cancer must be excised ASAP for the survival of the rest.
#democracy #justice #humanrights #media #socialmedia #climatechange #adaptation #migration
The Political Economy of the US Media System: Excavating the Roots of the Present Crisis - Roosevelt Institute
Bilal Baydoun, Shahrzad Shams, and Victor Pickard trace the roots of the US media crisis to decades of deregulation and commercial capture, outlining how consolidation, news deserts, and platform dominance threaten democratic infrastructure and sow f…Roosevelt Institute
"US manufacturing employment🚨is plummeting:
US MFG payrolls dropped -18K in Nov, the 2nd-largest decline since Oct 2023.
Also marks the🚨5th monthly decrease this year.
MFG employment has now fallen in 25 of the last 35 months.
Meanwhile, the ISM MFG Employment Index fell to 44.0 pts in Nov, posting its 10th consec monthly contraction.
This has historically been a leading indicator for US MFG #jobs,🚨suggesting further declines ahead."
-Kobeissi L
#Economy #Tariffs #Protest #Recession #USPol
Don't let them degrade you to a pet and train you to perform tricks.
#meme #capitalism #bigtech #like #ego #economy #bigdata #orwell #surveillance #tracking #pet #problem #humanity #socialnetwork #media #internet #online #humanrights #business #politics #facebook #meta #influenca
♲ Anarchist Art Ⓐ - 2025-12-02 19:08:09 GMT
This almost seems … rational?
> Microsoft’s Nadella: #AI needs ‘social permission’ to consume so much energy. politico.com/news/2025/12/01/m…
> “At the end of the day, I think that this industry — to which I belong — needs to earn the social permission to consume energy, because we’re doing good in the world.”
I would like to contest the claim about 'doing good in the world'. But I can't argue the other half of that statement.
And, right now? I'm withholding MY permission.
Trump Cancels Release of Crucial Economic Report to Hide His Failures
newrepublic.com/post/203619/do…
Donald Trump has now blocked three economic data reports.
The pain is acute because price increases are outpacing wage gains for most American households, especially those with lower incomes. The gap between wage growth for the most affluent & least affluent households has been larger this year than at any time in the past decade, according to Bank of America Institute, which uses proprietary data from the bank’s enormous customer base.
#Trump #economy #inflation #affordability #CostOfLiving #recession #trumpcession #WealthGap #idiocracy #kakistocracy
As the NYT board has noted in previous editorials, the revival of domestic manufacturing is a worthy goal, & if #tariffs were applied judiciously, the benefits might outweigh the #costs. But #Trump’s indiscriminate use of tariffs is doing far more harm than good. The current tariffs will cost the average #US household about $1,800 per year, the Yale Budget Lab estimates.
The admin’s crackdown on #immigration is similarly being conducted in ways that maximize the economic costs.
Reducing illegal #immigration is a worthy goal, its long-term economic effects are complex. But #Trump’s cruel, chaotic campaign to deport & drive out undocumented immigrants is creating #labor shortages that in turn increase #prices. It is part of the reason #food prices were rising at an annual pace of 3.1% as of September, the last data released *before* the government shutdown.
#economy #inflation #affordability #CostOfLiving #recession #trumpcession #idiocracy #kakistocracy
“But the policies they’ve chosen have created extra costs for businesses, & businesses tend to pass on costs,” Sahm added.
The cost of #Trump’s policies is likely to increase in the coming months.
His most inflationary policy is his campaign to build a wall of #tariffs around the US #economy. Tariffs are #taxes on imports, & they are *initially* paid by the businesses that bring goods into the #US.
#FactCheck #TrumpLies #inflation #affordability #CostOfLiving #recession #trumpcession
Trump’s failure was predictable. #Prices almost never fall across the entire #economy. When they do, it tends to be because of a crisis, such as the #GreatDepression. Trump is responsible for misleading people. But he has not merely failed to keep an impossible promise. Trump has pursued policies, starting with #tariffs, that are making the problem worse by making life in the #US less #affordable.
Does Trump Know The Price Of Milk?
“From the day I take the oath of office, we’ll rapidly drive prices down & make America affordable again,” #Trump promised last summer as he ran for president. “Prices will come down. You just watch. They’ll come down fast.”
#Prices have not come down. 10 months after Trump took office, prices are still climbing. #Groceries are MORE expensive. #Electricity bills have spiked. It costs more to buy a new #car.
Reuters Exclusive: #Trump approval falls to lowest of his term over prices & #EpsteinFiles, Reuters/Ipsos poll finds
Trump's approval rating fell to 38%, the lowest since his return to power, with Americans unhappy about his handling of the #CostOfLiving & the investigation into #Epstein.
#affordability #economy #law #criminal #rape #ChildSexCrimes #felon47 #RapistInChief
reuters.com/world/us/trump-app…
"Welcome to the Great AI Bubble, a metastasized trillion dollar tech tumour so massive it’s practically visible from space.
If you haven’t heard of this yet, it’s not because you're not paying attention."
~ Carole Cadwalladr
#broligarchy #AI #economy #media #corruption #TechBros
/1
broligarchy.substack.com/p/the…
The Great AI Bubble
Yes, it's a bubble. And yes, it's going to burst.Carole Cadwalladr (How to Survive the Broligarchy)
They bought #HealthInsurance promoted by #Trump. Then they needed surgery.
The cheap #health #insurance promoted by Trump officials has a catch.
Some states have banned “short-term” insurance plans with limited coverage, & consumer advocates have warned of the drawbacks.
#law #scammers #affordability #healthcare #HealthcareCrisis #CostOfLiving #economy #HealthyIfYoureWealthy #Aporophobia #SocialCleansing #EconomicDiscrimination #plutocracy #policy #USpol
wapo.st/4oRpNtt
US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs.
arstechnica.com/tech-policy/20…
US may owe $1 trillion in refunds if SCOTUS cancels Trump tariffs
Tech industry primed for big refunds if SCOTUS rules against Trump tariffs.Ashley Belanger (Ars Technica)
