Monday, February 10, 2025

Trump’s tariff strategy is built on quicksand

"Anyone who is capable of getting themselves made President should on no account be allowed to do the job." 

- Douglas Adams, The Hitchhiker's Guide To The Galaxy


More Rich Taxpayers Learn Their Data Was Stolen in Huge IRS Leak


Democrats accused of corruption look to Trump for clemency The Hill. Commentary:

Fascism is the inevitable conclusion to capitalism. Liberals are capitalists/imperialists. The systemic developments of monopoly/finance capital being buoyed by neoliberalism, which served as a bridge to corporate governance & overt fascism, is a bipartisan phenomenon in the US.




Trump’s tariff strategy is built on quicksand

Donald Trump sees higher tariffs as a core economic goal and as a lever to extract concessions from other nations. Both aspirations are flawed


CAPITALISM VS DEMOCRACY Stumbling and Mumbling

 

Cracks in the armor: UK urgently recalls 120,000 military armor plates Anadolu Agency


China’s exporters to step up offshoring to beat Donald Trump’s tariffs Financial Times


Europe ‘can’t cope’ with extreme weather costs, warns insurance watchdog Financial Times


A Mossad Fantasy Tour SpyTalk 


Iran unveils new ballistic missile that can reach Israel Times of Israel


Legal roadblocks in the path of Trump


Interview with the CEO behind DeepSeek.


Olivier Blanchard on DeepSeek: “Probably the largest positive one day change in the present discounted value of total factor productivity growth in the history of the world.”


A nearby superearth?



Washington Post – “President Donald Trump is laying the groundwork for a landmark confrontation over his authority to strike federal spending and regulation, as the White House looks to reconfigure vast swaths of the U.S. government even without approval from Congress. 

Only days into his second term, Trump’s extraordinary steps have challenged a fundamental principle of the Constitution: 

control over the power of the purse, which the president has looked to partly wrest away from lawmakers so that he can shape the federal budget as he wishes. 

Already, Trump’s actions have triggered significant legal clashes. In one case, lawyers with the Justice Department on Thursday defended Trump’s ability to “lawfully direct agencies to implement the president’s agenda,” describing a pause in the disbursement of federal funds as “commonplace.”