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Items tagged with: Economy
#politics #economy #economics
Trump’s attacks on central bank threaten its independence − and that isn’t good news for sound economic stewardship (or battling inflation)
Monetary policy can be wielded as a tool to boost an economy around election time, which explains why politicians want to have a say on it.The Conversation
You won't believe what they have found out:
apnews.com/article/google-ille…
#google #monopoly #economy #news #advertisement #internet
Google's digital ad network declared an illegal monopoly
Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently worth $1.Michael Liedtke (AP News)
The results suggest that while the #IEA has accurately anticipated primary and final energy demand growth, it has historically overestimated the growth in #fossil #fuels and #nuclear #electricity generation and severely underestimated the growth in key #renewable #technologies including solar #photovoltaics and #wind #power, the latter occurring across scenarios.
Source: sciencedirect.com/science/arti…
• #WEO #energy scenarios have significantly underestimated #solar PV growth potential.
• Outlook and normative scenarios indicate bias for nuclear and against renewables.
• Power-to-X flexibility options exist in the #GEC model, though their use is limited.
• Increased #transparency of assumptions for key technologies is required.
• Exogenous limitations of key technologies may impede global energy transitions.
#corruption #science #future #fail #environment #technology #news #co2 #politics #climate #humanity #economy
Trump's new tariffs risk repeating mistakes of the past. History shows such policies often backfire, provoking swift retaliation and harming domestic industries
theconversation.com/beggar-thy…
#Trump #USPolitics #Tariffs #Economy
Beggar thy neighbor, harm thyself: Tariffs like Trump’s come with pitfalls, history shows
As the US imposes more tariffs, a global backlash is brewing – from subtle trade barriers to strategic countermeasures targeting red-state industries.The Conversation
Social Security’s trust fund could run out of money sooner than expected due to changes in taxes and benefits
Steps taken to reform Social Security during the Biden and Trump administrations have only made the prospects for a funding crisis more serious.The Conversation
With the stock market on a roller-coaster ride, it’s no surprise many are eyeing their 401(k)s with concern.
But how much should you really worry? And how hard do market drops hit your retirement savings? An accounting expert breaks it down: buff.ly/CxFTmFw #401K #economy #tariffs
401(k) plans and stock market volatility: What you need to know
Market swings may be rattling retirement accounts, but panic isn’t the answer. Here’s what to know about how 401(k) accounts work – and when to worry.The Conversation
#FTC is expected to soon grill Mark #Zuckerberg in #Meta's #antitrust #trial
Source: businessinsider.com/meta-antit…
In the trial, FTC regulators want to force Meta to spin off the two services. If it succeeds, it would be a major blow to Meta's #business. #Instagram and #WhatsApp both have over 2 billion active users, according to the latest available data from those companies.
#usa #economy #politics #trump #news #facebook #internet #socialmedia
FTC to soon grill Mark Zuckerberg in Meta's antitrust trial
The FTC's case against Meta is the result of a yearslong probe into whether the social media behemoth violated US competition laws.John L. Dorman (Business Insider)
#China Halts Critical Exports as #TradeWar Intensifies
China has suspended exports of a wide range of critical minerals & magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies & military contractors around the world.
#Trump #tariffs #economy #inflation #recession
nytimes.com/2025/04/13/busines…
China Halts Critical Rare Earth Exports as Trade War Intensifies
Beijing has suspended exports of certain rare earth minerals and magnets that are crucial for the world’s car, semiconductor and aerospace industries.Keith Bradsher (The New York Times)
#Sony steps away from #8K TVs – for now
source: flatpanelshd.com/news.php?suba…
8k is too much...
#entertainment #tv #hardware #technology #video #news #consumer #economy
For weeks, #Trump has repeatedly boasted that his admin had managed to bring #EggPrices down. But new data on Thurs showed that egg #prices at the #grocery store continued to climb in March.
Egg prices rose 5.9% over the month, acc/to data released by the Bureau of Labor Statistics [#BLS]. They climbed at a slower rate, though, after rising 10.4% in February & 15.2% in January.
Compared with a year earlier, the price of #eggs is up 60.4%.
#economy #inflation #recession
nytimes.com/2025/04/10/us/poli…
Egg Prices Continued to Rise in March
Egg prices have reached record highs as bird flu outbreaks have hit poultry farms and forced producers to cull tens of millions of hens.Madeleine Ngo (The New York Times)
#Google removes pledge to not use #AI for weapons from website
source: techcrunch.com/2025/02/04/goog…
#news #technology #terminator #skynet #military #war #economy
Google removes pledge to not use AI for weapons from website | TechCrunch
Google removed a pledge to not build AI for weapons or surveillance from its website this week. The change was first spotted by Bloomberg. The companyMaxwell Zeff (TechCrunch)
Dutch lawmakers push for ‘red button’ to erase #digital footprints
source: nltimes.nl/2025/04/01/dutch-la…
Although websites require users to accept or decline #cookies before browsing, the lawmakers argue that #children often accept them without fully understanding the #consequences. “Children don’t realize what they’re agreeing to,” Six Dijkstra said.
#internet #bigdata #bigbrother #kids #cybersecurity #online #surveillance #economy #footprint #politics #security #news #Netherlands
Dutch lawmakers push for ‘red button’ to erase digital footprints
Dutch lawmakers Don Ceder (ChristenUnie) and Jesse Six Dijkstra (NSC) have introduced a proposal to make it easier for individuals to delete their personal data from the internet.NL Times
The #EU will launch its first countermeasures against #Trump's tariffs next week, the bloc's members agreed on Wed, joining #China & #Canada in retaliating & escalating a global #trade conflict.
The approval came on the day that Trump's "reciprocal" tariffs on the EU & dozens of countries took effect, including massive 104% duties on China, extending his tariff onslaught & spurring more widespread selling across #markets.
#economy #inflation #recession #geopolitics
reuters.com/markets/europe/eu-…
#China retaliates with new 84% #tariffs on the #US as global #markets fall
China on Wednesday announced an additional 50% retaliatory tariff on all #UnitedStates imports, bringing the total tariff level to 84%.
The measures are a response to #Trump's latest round of tariffs, which went into effect overnight, & include a 104% levy on Chinese goods.
#economy #inflation #recession #trumpcession #geopolitics
npr.org/2025/04/09/g-s1-59092/…
The U.S. without good reason declared a trade war on the world.
Europe is now letting their unexpected adversary, the U.S., suffer at its own hand.
“‘In that case,’ said Napoleon, ‘let us wait twenty minutes; when the enemy is making a false movement we must take good care not to interrupt him.’”
- 1836, French Revolution: Volume 5 by Archibald Alison, Page 476, William Blackwood and Sons. Edinburgh.
#USpol #EUpol #trade #economy #economics
![screenshot of a thread by Jakob Hanke Vela @HankeVela: Apr 7 • 7 tweets • 1 min read Brussels is watching amazed, as Trump destroys the US economy. "Nobody in the Commission thought that the US government would be this stupid and self-destructive," an EU official tells me. "That they would blow up their own country by letting ChatGPT make their trade policy." 🧵 EU officials are quietly preparing brutal countermeasures — but they’re in no rush. Markets are doing the work for them. Here’s what’s happening behind the scenes: 📜📌 Trump’s chaos is collapsing the US markets faster than any EU retaliation could. Inside the Commission and among EU governments, the mood is: Don't give Trump an excuse to blame this on others. Since February, the S&P 500 has dropped 20%. European officials believe Trump's trade chaos is backfiring — and see no reason to escalate while the damage grows organically. [trimmed to fit alt text]](https://friendica.hellquist.eu/photo/preview/640/4839958 "screenshot of a thread by Jakob Hanke Vela @HankeVela: Apr 7 • 7 tweets • 1 min read Brussels is watching amazed, as Trump destroys the US economy. \"Nobody in the Commission thought that the US government would be this stupid and self-destructive,\" an EU official tells me. \"That they would blow up their own country by letting ChatGPT make their trade policy.\" 🧵 EU officials are quietly preparing brutal countermeasures — but they’re in no rush. Markets are doing the work for them. Here’s what’s happening behind the scenes: 📜📌 Trump’s chaos is collapsing the US markets faster than any EU retaliation could. Inside the Commission and among EU governments, the mood is: Don't give Trump an excuse to blame this on others. Since February, the S&P 500 has dropped 20%. European officials believe Trump's trade chaos is backfiring — and see no reason to escalate while the damage grows organically. [trimmed to fit alt text]")
What was #UAW thinking backing this plan?
#Trump’s 25% #tariffs on imported vehicles, which went into effect last week, are already sending tremors through the #AutoIndustry, prompting companies to stop shipping #cars to the #US, shut down factories in #Canada & #Mexico & lay off workers in #Michigan & other states.
#Trump #economy #inflation #recession #layoffs #trumpcession
nytimes.com/2025/04/08/busines…
Trump’s Tariffs Are Already Reducing Car Imports and Idling Factories
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.Jack Ewing (The New York Times)
#Apple Customers Dash to Stores to Buy #iPhones Ahead of #Tariffs
source: bloomberg.com/news/articles/20…
Apple’s best-selling and most important product, are manufactured in #China, which is in line for tariffs of 54%.
#trade #production #panic #usa #politics #trump #president #technology #whitehouse #government #globalization #economy #consume #news
Yes & thank you.
#Tesla stock extended losses Mon, dropping below a price at which #Trump Commerce Secy #HowardLutnick predicted they’d never fall to again.
The shares plunged as much as 9.2% to $217.41 as of 9:41AM in NY, amid a broader selloff in global equity markets. Lutnick totally unethically said during a FauxNews interview on March 19—when Tesla closed at $235.86—that viewers should buy the stock, saying “it’ll never be this cheap again.”
We lost the world but we got AI!
Sure, we destroyed our #civilization because of the high #energy consumption and the excessive use of resources for #AI, but for a short time we were able to convert all the photos from our childhood into the Studio #Ghibli #style and were #happy about it.
#image #photo #art #artwork #meme #quote #wisdom #apocalypse #fail #humanity #future #technology #endtime #economy #internet #anime #problem #climate
Genius move to lose $9 trillion of actual value to try to address a smaller trade deficit that isn’t an actual debt. 🤦♂️
#USpol #tariffs #TrumpTariffs #economy #economics
![screenshot of a post by News Eye
@newseye.bsky.social:
So far, Trump has lost $9 trillion in stock market value in an attempt to fix a $1.2 trillion trade deficit.
It's not possible to fully articulate the stupidity currently governing the USA.
[graphic of rectangles sized by capitalization and colored red indicating individual stock loses at a glance]
April 6, 2025 at 2:45 PM](https://friendica.hellquist.eu/photo/preview/640/4835895 "screenshot of a post by News Eye
@newseye.bsky.social:
So far, Trump has lost $9 trillion in stock market value in an attempt to fix a $1.2 trillion trade deficit.
It's not possible to fully articulate the stupidity currently governing the USA.
[graphic of rectangles sized by capitalization and colored red indicating individual stock loses at a glance]
April 6, 2025 at 2:45 PM")
Most #pharmaceuticals are made at least in part in foreign nations
#Trump has been saying for weeks that he plans to impose #tariffs specifically on pharmaceuticals….He has said those levies could be 25% or higher. Drugmakers still expect tariffs targeting them to be announced soon.
“The pharmaceutical companies are going to come roaring back, …to our country because if they don’t, they got a big tax to pay,” Trump said Wed.
#economy #medications #PersonalFinances
nytimes.com/2025/04/04/health/…
Trump’s Next Tariffs Target Could be Foreign-Made Pharmaceuticals
President Trump wants to bring pharmaceutical manufacturing back to the United States. Experts warn that tariffs could result in shortages and higher prices for generic drugs.Rebecca Robbins (The New York Times)
'Nowhere's safe': How an #island of #penguins ended up on #Trump #tariff list
source: bbc.co.uk/news/articles/cly8xl…
Two tiny, remote #Antarctic outposts populated by penguins and #seals are among the obscure places targeted by the Trump #administration's new tariffs.
The penguins are understandably pissed off.
It's hard to say who is the craziest head of state with all the crazy politicians in the world.
#usa #fail #problem #economy #penguin #seal #intelligence #future #democracy #politics #trade #world #globalization
Trump tariffs: How island of penguins and seals ended up on list
The remote Heard and McDonald Islands haven't been visited by humans in almost a decade.Ottilie Mitchell and Tiffanie Turnbull (BBC News)
#Newsom asks world leaders to exempt #California exports from retaliatory tariffs
source: foxnews.com/politics/scoop-new…
#USA #export #trade #economy #politics #trump #news
SCOOP: Newsom asks world leaders to exempt California exports from retaliatory tariffs
California Gov. Gavin Newsom announced plans Friday to counter President Donald Trump's tariff hikes, asking countries to exempt California exports from retaliatory taxes.Jamie Joseph (Fox News)
"The Chinese Ministry of Finance, calling @POTUS new tariffs on Chinese imports a 'typical act of unilateral bullying,' responds overnight with a 34% tariff on all goods imported from America. And so the President's trade war escalates."
~ Garrett Haake quoted by Greg Dworkin
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/18
dailykos.com/stories/2025/4/4/…
Abbreviated Pundit Roundup: Trump deliberately tanks the economy as Republicans sit back, do nothing
The Economist: President Trump’s mindless tariffs will cause economic havoc But the rest of the world can limit the damage I F YOU � failed � to spot America being “looted, pillaged, raped ...Daily Kos
"The US dollar experienced its largest single-day decline on record, dropping by 2.1% against major currencies."
~ CNBC
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/17
cnbctv18.com/world/us-markets-…
US Stock Market Highlights: Dow slides 1,600 points, S&P 500, Nasdaq post biggest single-day losses since 2020
US Stock Market Highlights: The Dow Jones lost 1,679 points (-3.98%) to close at 40,545.93, while the Nasdaq tumbled 5.97% to 16,550.61. Over 400 S&P 500 stocks ended in the red, pushing the index 12% below its February peak.Ajay Vaishnav (CNBCTV18)
"Experts said Trump’s sweeping border taxes of between 10% and 50% on the US’s traditional allies and enemies alike had dramatically added to the risk of a steep global downturn and a recession in the world’s biggest economy."
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/16
"As world leaders reacted to the US president’s 'liberation day' tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe."
~ Richard Partington
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/15
theguardian.com/business/2025/…
Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street
Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnRichard Partington (The Guardian)
"The pure insanity of Trump’s tariffs is best (ahem) personified by his inclusion of Heard and McDonald Islands, which are inhabited largely by penguins."
~ Marcy Wheeler
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/14
emptywheel.net/2025/04/04/maga…
MAGAts Confess They Cannot Compete with Penguins on a Level Playing Glacier - emptywheel
When MAGAts applaud Trump's tariffs they are confessing that they think they need help to be able to compete with a colony of penguins.emptywheel
"Business still hasn’t grasped how bad things are. For while tariffs are dominating the news right now, they’re part of a broader pattern of malignant stupidity. It may take a while before we see the effects of DOGE’s destruction of the government’s administrative capacity, or RFK Jr.’s destruction of health policy, but we will see those effects eventually."
~ Paul Krugman
#Trump #tariffs #StockMarket #economy #crash #recession #inflation #stupidity #incompetence
/13
paulkrugman.substack.com/p/how…
How a Con Man President Is Destroying Confidence
Chaos and incompetence are bad. Who knew?Paul Krugman
“The vast majority of us will be worse off. It’s not that complicated: Tariffs are a tax. Some of that tax will be eaten by the foreign producer… some of it will be eaten by the importer. But a big chunk of it will be paid by American consumers.”
~ James Surowiecki
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/12
zeteo.com/p/people-will-become…
‘People Will Become Destitute’: Trump’s Tariffs Are Already Backfiring
Francesca and Wajahat react to Trump’s “Liberation Day” tariffs backfiring. Plus, finance journalist James Surowiecki breaks down how the tariffs will ultimately take a toll on everyday Americans.Team Zeteo (Zeteo)
"The economist puts the odds of a recession this year now at 60%, up from 40% before the tariff rollout. Even if the global economy does avoid a recession, the U.S. may not be as lucky, Kasman said."
#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/11
