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Items tagged with: economy


Holy shit

#DeSantis admits that the #WorkerShortages created by anti-#immigrant laws need to be eased by putting teenagers to work by relaxing #ChildLabor protection standards.

#USpol #law #immigration #economy #Trump

miamiherald.com/news/local/imm…


#USA oh no 😱


Source: euronews.com/business/2025/03/…

#child #children #labour #Florida #job #work #news #politics #economy #business #humanrights #fail


Trump is destroying the economy to privatize the fed govt.

"The Conf Board's consumer confidence index dropped in Mar to -lowest level since Jan 2021. Trump's pres.: Americans as pessimistic as they were during: Covid crisis. Consumer inflation expectations⬆️6.2% in Mar.

Before Trump took office, the US economy was surging ahead of Europe’s. Trump’s managed to reverse that trend."
-S Ratnner

#Economy➡️weakens at the same time inflation rises➡️#stagflation #recession: soon.
#Privatization #USPol


#TSMC'S True #Cost: #Arizona versus #Taiwan


source: techinsights.com/blog/chip-ins…

The final answer was: It costs TSMC less than 10% more to process a 300mm wafer in Arizona than the same wafer made in Taiwan.


#USA #economy #chip #production #trade #finance #money #company #news


Low-Cost #Drone Add-Ons From #China Let Anyone With a Credit Card Turn Toys Into Weapons of #War


source: wired.com/story/drone-accessor…

#military #news #economy #trade #online


#Tesla (TSLA) #accounting raises red flags as report shows $1.4 billion missing


source: electrek.co/2025/03/19/tesla-t…

Compare Tesla’s #capital expenditure in the last six months of 2024 to its valuation of the assets that #money was spent on, and $1.4bn appears to have gone astray.


#fail #economy #finance #news #musk #warning


The potential to more than double the scope of #Trump’s #tariffs has alarmed economists & some congressional #Republicans, while other WH allies are concerned about the logistical challenges of a complicated new #import #tax regime. The precise nature of these new duties has spurred extensive discussions at the highest levels of the admin, w/VP #JDVance, #Commerce Secy #HowardLutnick, WH aide #PeterNavarro & #Treasury Secy #ScottBessent all playing a role in the talks….

#economy #Trumpcession


Through his first 2 months in office, #Trump has raised tariffs on ~$800B in imports from #China, #Mexico & #Canada…. These #tariffs have sent the stock market careening & raised the risks of a #US #recession, while inviting retaliation against domestic industries by #trade partners.
Despite the blowback, snr Trump advisers are now publicly pledging to create a new tariff regime that would impose new duties on trade w/most countries that trade w/the US.
#economy #Trumpcession #geopolitics #USpol


White House aides prep new #tariffs on imports worth trillions for April 2, laying the groundwork for an escalation in global economic hostilities that #Trump has called “Liberation Day.”

The admin has already unnerved investors with duties on #Canada, #Mexico & #China, & yet, advisers are readying a move to dwarf all previous tariffs.

#economy #finance #Trumpcession #geopolitics #USpol #idiocracy #kakistocracy
washingtonpost.com/business/20…


"The richest man in the world, whose empire is built on billions of taxpayer subsidies, spent at least $260 million to get Trump elected, and is now using Trump to advertise his car company from the White House in exchange for potentially even more money to benefit Trump’s political ambitions.

There are no words for how sick and perverse this all is."

~ Emily Singer

#Musk #Trump #Tesla #FederalGovernment #economy #StockMarket #billionaires #EconomicElites #TaxCuts
/3

dailykos.com/stories/2025/3/12…


"President Trump opened a used-car lot outside the White House today, explaining that his business venture would not interfere with running the federal government, since there is hardly any left."

As Lewis Grossberger says, no one is surprised. /s

#Musk #Trump #Tesla #FederalGovernment #destruction #firings #economy #StockMarket #billionaires #EconomicElites #TaxCuts
/1

grossbergerbulletin.substack.c…


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…


"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…


#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


"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


"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


Thank you Steve Liesman, for saying what very few if any, have said live on air. This is the truth. And it’s way past time that people start speaking truth to power. For once. #cnbc #trump #economy #markets


#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


New 25% #tariffs on Canada and Mexico could cost the US #economy $109 billion annually. Texas faces a $15.3 billion hit, while California could lose $10.2 billion. An economist analyzes the state-by-state impact: buff.ly/wRR6JfC
By Bedassa Tadesse, University of Minnesota Duluth


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