Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Tuesday, May 5, 2026

Reading archive 2026-05-05

With gas prices so high, how much will you actually save with an EV?: Gas prices are expected to remain high because of the Iran war, increasing the cost advantages of switching to electric vehicles over gas-powered cars.

Multiple D.C. Police Leaders Face Termination Over Crime Data Manipulation

Indie music has been invaded by fake fans and cynical viral campaigns​. Here’s how deep it all goes

They thought their disabled daughter was safe. A pregnancy revealed her rape.: She’s blind and can barely speak, and her family is suing her group home, caregivers and state agencies. “The whole system failed Kamryn,” her mother says.

5 things mosquito experts do every summer to avoid getting bitten: Looking for pest prevention strategies that work? Researchers share how they prevent mosquito bites and keep the bugs at bay on their properties.

U.S. mission to reopen Strait of Hormuz will be temporary, Hegseth says: The defense secretary says the ceasefire holds despite Iranian attacks on U.S. forces. He said the United States would call on allies to take over the mission to reopen the waterway.

For a Time, the U.S. Protected Democracy: A requiem for the Voting Rights Act - "Like previous VRA-related decisions, Callais was 'narrow,' in that it did not strike down the law itself. But although the edifice built at great expense-by Fannie Lou Hamer, by John Lewis, by the bloodied limbs of Mississippi sharecroppers and Alabama marchers-has not been entirely bulldozed, only the facade remains. The VRA has not been dealt a "blow"; the decision did not merely defang it. The law is dead, and no matter what happens in the coming elections, politics in America has been forever changed. For most of the nation's history, the former Confederate states have worked hard to minimize the political influence of Black residents in particular. Now they have full cover to do so again."

Europe Without America: The Iran war has given European leaders new impetus to plan for self-defense. - "The Trump administration didn't bother making specific requests of its European allies for the war against Iran. Instead, each day brought new, conflicting signals. At first, the message was that the United States and Israel could handle it. Then Trump lashed out on social media, saying that allies 'should have been there.' But the Trump administration never told key European partners what specifically it wanted from them in Iran, multiple European officials told me. The Pentagon spokesperson told me that the administration 'has been consistently and repeatedly clear about the demand signal to allies to contribute to addressing a threat that affects Europe as much as America and our Middle East allies. The notion that the Department did not convey these requests widely and clearly is demonstrably false.'"

Why Stocks Keep Going Up: The boom is not as untethered from reality as it may look.

The One Tax the Rich Can’t Escape: New York’s proposed pied-à-terre tax is unlikely to chase anyone away. - "There is also a harder truth underneath the political rhetoric. Blue cities cannot keep taxing their way out of their budget problems. The differentials between high-tax and low-tax states are now too large, and the mobility of the rich too real, for that playbook to keep working. Cities like New York have to get serious about the cost side of their budgets-about efficiency, productivity, and what they spend. The revenue side alone cannot close the gap. A pied-à-terre tax is a useful tool if it is used smartly, but it is not a substitute for running the city well.

"None of this means the idea of taxing the rich is wrong. The inequality that has built up in this country has reached levels that are corrosive to the economy and to the fabric of our cities. But income taxes and wealth taxes cannot do the job at the city or state level. They have to be levied at the national level, where there is no state line to cross. Local governments should tax what cannot move, which means fixed assets and real estate above all. A pied-à-terre tax is one version of that idea, and there are others. For cities like New York, the lesson is straightforward. Stop trying to tax what the rich can carry with them, and start taxing what they want to keep."

The End of Cigarettes Is Coming The U.K. is phasing out smoking.: How long will Americans tolerate tobacco—and other vices?

The Iran War’s Ramifications Have Only Just Begun: U.S. goals haven’t been met, but the war will cause long-term disruptions.

Micah Lasher, Child Magician The race for New York’s Twelfth District keeps getting more interesting.

Making America’s Houses Bigger May Have Been a Mistake: Millennials are abandoning the idea of living in a giant home.

All the Sad Young Chinese Professionals: China’s urbanites are learning the price of prosperity.

She dreamed of a natural birth in Mexico. Now, she believes she was drugged.: In a complaint filed with Mexican prosecutors, Jennifer Nosek alleges that her midwife, Heather Baker, caused her baby’s death.

She dreamed of a natural birth in Mexico. Now, she believes she was drugged.: In a complaint filed with Mexican prosecutors, Jennifer Nosek alleges that her midwife, Heather Baker, caused her baby’s death. - "The couple also allege that after their son’s death, Baker [the midwife] urged them not to tell the police that she was a midwife or that they’d paid her but to identify her only as a friend. Lemos [the father], worried that an open investigation would delay the release of their son’s body, agreed. There was no autopsy, and the baby’s death certificate says he died of perinatal asphyxia, a condition in which a fetus or infant fails to get enough oxygen."

Friday, April 17, 2026

Reading archive 2026-04-17 pt 2

SpaceX Is Basically a Huge Meme Stock: The company may be losing money, but it will soon be the most expensive big stock in the market.

What Viktor Orbán’s Opponents Sacrificed to Beat Him: Hungary offers lessons in defeating right-wing populists. - "In the United States, many of Donald Trump's most fervent critics do something rather different: When the president and Fox News criticize an idea, Democrats declare themselves to be for it. This dynamic not only allows MAGA Republicans to set the terms of the American political debate but also boxes Democrats into backing unpopular policy positions: defunding the police; limiting immigration enforcement, even for criminals; insisting upon allowing the participation of trans women in women's sports. Roger Scruton, the late British conservative philosopher, brought to prominence the idea of "oikophobia" - that is, a feeling of embarrassment about one's home country and of affection for foreign societies that arises as a reaction to xenophobia. This affliction is not uncommon among American Democrats, and it concedes the field of patriotism to Republicans. This is an error that successful anti-populists such as Magyar and Tusk do not fall into."

It’s Not Just Iran. Trump Is Flailing on Multiple Fronts.: The president is on a losing streak, and even some of his aides are dismayed by his choices.

The Publishing Mystery That No One Wants to Talk About: A minimally speaking autistic man just wrote a best-selling book. Or did he? - "Clinicians quickly came to understand that the method was susceptible to a very powerful "Ouija-board effect": A facilitator could unwittingly deliver subtle and subconscious prompts-gentle pressure on a person's wrist, perhaps-that shaped the outcome of the process. When the typers were subjected to formal "message-passing tests," in which they would be asked to name an object or a picture that they'd seen while their helper wasn't in the room, they almost always failed. Even kids who had produced fluid written work seemed incapable, under those conditions, of saying anything at all.

Friday, September 26, 2025

Reading archive 2025-09-25

Trump, Kimmel and the upside of ignoring big-government coercion: Progressives untroubled when the Biden administration was throwing its weight around might be having an epiphany. [ed. note: embarrassing, it's not the same thing]

Russia hits back at Trump after his abrupt swing toward Ukraine: Trump’s statement that Ukraine could retake all of its territory lost to Russia with NATO’s help was a dramatic change in U.S. rhetoric on the war.

Virginia governor’s race puts ‘they/them’ back on the ballot: Republican Earle-Sears’s campaign sees votes in transgender issues. But have voters moved on?

A frustrated Sen. Van Hollen urges Democrats to take bigger risks: Finding Democrats’ response to Trump’s presidency lacking, the Maryland senator has emerged as a surprising advocate for stronger stands on politically risky issues like the war in Gaza and illegal immigration.

This therapy for chronic back pain can be surprisingly effective A personalized approach that uses physical and psychological coaching may help some people manage their chronic, disabling pain. [ed. note: "cognitive functional therapy"]

Wall Street bets against Trump on tariff refunds, while importers suffer: Some investment firms are so confident that the Supreme Court will strike down some of Trump’s tariffs that they are buying the rights to refunds.

Trump administration rehires hundreds of federal employees laid off by DOGE - "The General Services Administration has given the employees — who managed government workspaces — until the end of the week to accept or decline reinstatement, according to an internal memo obtained by The Associated Press. Those who accept must report for duty on Oct. 6 after what amounts to a seven-month paid vacation, during which time the GSA in some cases racked up high costs — passed along to taxpayers — to stay in dozens of properties whose leases it had slated for termination or were allowed to expire."

US border patrol collected DNA from thousands of US citizens for years, data shows: CBP officers took DNA samples from about 2,000 citizens, some as young as 14 and many who never faced criminal charges, new analysis shows

Monday, July 7, 2025

Reading archive 2025-07-07

Shooters emerged from car in D.C. slaying of congressional intern: Police say they’re trying to enhance video of the incident that left one dead and two others injured.

I’m a gastroenterologist. Here’s why I tell my patients to eat this one fruit.: Kiwis can boost your gut health. They may also lower triglycerides and cancer risk.

Do you need a measles vaccine booster? Here’s what to know.: The answer depends on when you were born, your vaccine records and whether you plan to travel internationally.

How this group got Trump to sign a pro-environment executive order: The "Make America Beautiful Again” executive order will establish a council tasked with preserving public lands, wildlife and drinking water supplies.

Did Canada just change how we think of Trump’s 2024 election?: Perhaps Trump’s win wasn’t about Trump at all

Trump’s big bill will snuff out Kansas hospitals and eviscerate Medicaid. Jerry Moran just shrugs.

Wall Street Worries as Crisis-Level Deficits Become the Government’s Default Mode: New legislation could push federal debt into dangerous territory—without an emergency requiring it

Debacle in the desert: will the Athletics’ $1.75bn stadium on the Vegas Strip ever be built?

How ‘Love Island USA’ forced a star’s exit after racist posts resurfaced: Cierra Ortega was quietly dumped from the villa after posts resurfaced of her using an Asian slur.

Russian minister found dead, likely of suicide, authorities say: Roman Starovoit found dead in his car with a gunshot wound on the same day he was relieved of his job as Russian transportation minister by President Vladimir Putin.

CVS was so worried about shoplifting that it stole its own soul: My local pharmacy’s products are now encased in glass, and the whole thing makes me very nervous.

Trump World’s Wizard of Oz Problem: Tucker Carlson and Steve Bannon don’t speak for Trump or his base. So why do people think they do? - "Few jobs in Trump world are more farcical than the position of 'architect' of 'America First': There are no MAGA intellectuals, just Trump and opportunistic ideologues attempting to hitch their pet projects to his brand. The self-styled thought leaders of the Trump movement are merely political entrepreneurs trying to appropriate the president for their own purposes and to recast his chaotic and idiosyncratic decisions as reflections of their personal worldview."

The Most Perverse Part of the ‘Big, Beautiful Bill’ :The Republican megabill could be setting America up for the worst energy-affordability crisis since the 1970s. - "Blackouts and grid outages will become more frequent. Power-intensive industries such as AI and manufacturing will struggle under the weight of higher energy costs. China will solidify its dominance over clean-energy supply chains. 'Just think of Trump's own priorities: lower energy prices, becoming an AI superpower, reindustrializing America, outcompeting China,' Princeton's Jenkins said. 'Getting rid of these credits hurts all of those goals.' But there is one priority missing from that list: owning the libs. 

"Partisan polarization around clean energy has grown so extreme since the passage of the IRA that Trump and many other Republicans apparently see destroying it as an end in itself."

What Really Happened to Malaysia’s Missing Airplane: Five years ago, the flight vanished into the Indian Ocean. Officials on land know more about why than they dare to say.

Tuesday, June 3, 2025

Reading archive 2025-06-02

In South Carolina, Wes Moore urges Democrats to be ‘impatient’ amid 2028 buzz: Moore, a potential 2028 presidential contender, told party leaders in this early primary state to mimic how quickly Trump implemented his agenda to score Democratic wins.

DOD employee tried to leak classified information, prosecutors say: Nathan Vilas Laatsch, 28, is accused of trying to trade secrets for German citizenship because of disagreements with the Trump administration. - "'It will not be easy for them, for example, to open a case on me without my knowledge since my permissions to see that would need to be changed and I’d notice,' he told the undercover FBI agent in one message quoted in the charging documents, boasting that he knew how to avoid the 'stupid mistakes' that had bedeviled other U.S. employees under investigation."

DOGE vowed to make government more ‘efficient’ — but it’s doing the opposite: New procedures and requirements — some implemented in the name of improving operations — are slowing down federal agencies.

Trump takes aim at the one climate solution Republicans love: The Energy Department announced Friday that it was terminating $3.7 billion in grants for carbon capture and other projects.

As Kamala Harris weighs a run for governor, some Democrats are moving on: Numerous California gubernatorial hopefuls spent the weekend courting state party delegates, while the former vice president’s political future seemed to be an afterthought.

The one thing liberals need to address before the June parade: Putting Biden’s head on a stake is not helpful.

Wall Street warns Trump aides the GOP tax bill could jolt bond markets: White House officials maintain bankers’ concerns are overstated and discount expected revenues from the president’s tariffs.

What we can learn from the senator who nearly died for democracy: The brutal caning of Sen. Charles Sumner in 1856 shows the difference between courage and concession.

Ukraine attacks Russian air bases in far-reaching drone strikes: Drones smuggled into Russia hit bases as far away as Siberia and the far east, destroying 41 aircraft that carry cruise missiles and detect enemy planes, said a Ukrainian official.

Ukraine just rewrote the rules of war: A drone attack damaged Russia’s bomber fleet — and exposed air base vulnerabilities worldwide. - "If the Ukrainians could sneak drones so close to major air bases in a police state such as Russia, what is to prevent the Chinese from doing the same with U.S. air bases? Or the Pakistanis with Indian air bases? Or the North Koreans with South Korean air bases?"

Shhh. Republicans are trying to repeal Obamacare again. Sort of.: They’re not branding it an Obamacare repeal this time around, but congressional Republicans are pursuing cuts to programs that are part of the 15-year-old health-care law. - "Investigators who detect and root out that fraud — Medicaid fraud control units, the HHS inspector general and the DOJ — wouldn’t get any new funding under the GOP bill."

Houston, JD Vance has a problem: The vice president’s strange history of the U.S. space program is out of this world. - "The war’s end touched off a mad scramble by the United States and the Soviet Union to scoop up German and Austrian scientists, engineers and technicians, without being too picky about their Nazi connections."

Parents are discovering the secret to keeping kids off smartphones: Parents can defeat the smartphone epidemic. They can’t do it alone.

Crater Lake National Park superintendent resigns as staffing plunges: Kevin Heatley stepped down Friday as superintendent of Crater Lake National Park, as internal data shows a sharp decline in the National Park Service’s workforce.

Thursday, May 15, 2025

Reading archive 2025-05-15

D.C. may have dodged deepest Medicaid cut. Officials are still worried.: D.C. officials are cautiously optimistic after a lobbying and public pressure campaign, but they say other Medicaid changes still pose a threat. - "The bill would require states to recertify beneficiaries’ eligibility every six months, causing some D.C. residents to lose their coverage or have gaps in coverage, and would impose work requirements with few details on how tracking and enforcement would work, she said."

After ICE visits, D.C. restaurants fear labor shortage: Last week’s sweep leads to immigrant workers quitting, no-showing or taking time off, restaurant owners say. - "If the White House is genuinely interested in bolstering American businesses, [Geoff] Tracy said, the administration 'could simply implement an E-Verify requirement for all U.S. employers — which would save them from having to do time-intensive I-9 audits.'" [ed. note: Chief Geoff!]

Are seed oils bad for you? Here’s what the evidence actually tells us.: RFK Jr. and his “Make America Healthy Again” supporters argue that they’re toxic, but most studies indicate otherwise. - "But if we take a bird’s-eye view of the body of evidence, it leads to a clear conclusion: Seed oils are more likely to be beneficial than harmful, but the effects are small enough that it probably doesn’t matter very much if you use them or you don’t.

...

"I’m on record blaming obesity and disease on processed foods, but trying to find specific ingredients that are harmful is a fool’s errand. It’s the food in total — nutrition-challenged, calorie-dense, ubiquitous, designed to be overeaten — that’s the problem. So, if you’re sautéing your vegetables in canola oil every day, you’re fine. If you’re eating Nacho Cheese Doritos (second ingredient: seed oil) every day, you might not be fine, but the oil isn’t to blame."

Walmart warns it will raise prices within weeks because of tariffs: The retail giant’s operating income increased in its first quarter since the Trump administration started a trade war.

U.S. preparing to relax big-bank capital rules: Current requirements punish holdings of safe assets such as Treasurys, banks say. Regulators will soon propose easing requirements.

Don’t be fooled. This is the calm before the AI storm.: The lull in the artificial intelligence revolution, thanks to cultural lag, is just temporary.

GOP tax bill on track to add more than $2.5 trillion to U.S. deficit: The figure is expected to intensify a national debate over spending and tax levels as President Donald Trump tries to push the legislation through Congress.

A Commanders stadium at RFK will actually cost taxpayers $6 billion

Commanders stadium plan is somehow even worse for DC taxpayers than we thought - "Whatever the final tally, the main takeaway is: Josh Harris gets to pay only $1 a year in rent for a huge tax-free swath of public land, while keeping all revenues from the stadium and other development he builds there, even as the district pays to build everything from parking garages to the stadium’s foundation. And the council — where Ward 3 representative Matthew Frumin has now declared himself “could be for it, could be against it,” leaving the overall body leaning slightly no but with several potential swing votes — only has until July 15 to vote it up or down in one indigestible lump, as the term sheet includes a clause declaring that if the council “materially changes” the terms, then the whole agreement is null and void. Mayor Bowser clearly wants to railroad this thing through before anyone takes a closer look — which makes sense, because on closer look this thing is a dumpster fire."

Silicon Valley Braces for Chaos: The center of the tech universe seems to believe that Trump’s tariff whiplash is nothing compared with what they see coming from AI. - "The tech industry admittedly doesn't 'think very hard about how bad things could get,' Conrad told me. 'Our job is to raise this,' he said, pointing upward to raise the ceiling on how prosperous and enjoyable society can be. 'Your job' - media, banks, elected officials, the East Coast - 'is to protect the floor.'"

Trump’s Real Secretary of State: How the president’s friend and golfing partner Steve Witkoff got one of the hardest jobs on the planet - "Witkoff has faced a precipitous learning curve, though he seems largely unbothered by the long history of American diplomatic failure in the Middle East, in particular. Like Trump, he is very much the transactionalist, and sees Ayatollah Khamenei and Vladimir Putin, among others, not as cruelly Machiavellian authoritarians captured by deeply felt and deeply antagonistic ideologies, but as clever negotiators, like so many real-estate lawyers he once faced in business, looking for the best possible deal. He appeared to interpret Putin's desire to meet with him not as a display of dominance but as a sign of the Russian leader's sincere interest in peace."

The Cynical Republican Plan to Cut Medicaid: Work requirements set up a thicket of paperwork that leads eligible Medicaid recipients to lose their insurance. That’s the point. - "We know how Medicaid work requirements play out because the policy has been tried at the state level. Arkansas, for example, implemented work requirements in 2018. Researchers found that they utterly failed to encourage more employment among the Medicaid population. The work requirements instead forced Medicaid recipients to navigate endless, complex paperwork demands that many of them couldn't understand or keep track of, causing them to lose their Medicaid eligibility. The bulk of the savings came from denying coverage to eligible Americans, not able-bodied adults who don't want to work."

Friday, April 11, 2025

Reading archive 2025-04-10

There Was Never a Master Plan: Trump backed down on tariffs. His supporters think that was the idea all along. - "The financier Bill Ackman, who had spent much of the past few days posting (and occasionally deleting) careful critiques of Trump's tariffs, posted, 'This was brilliantly executed by @realDonaldTrump. Textbook, Art of the Deal.' 

"What deal? Nobody has made a new trade agreement with Trump. To the contrary, other countries have found the administration unable to even articulate its goals or objectives, because Trump's 'reciprocal' tariffs are the product of a nonsensical formula putatively serving a grab bag of mutually exclusive goals."

Americans Want to Be Rich: That simple aspiration propelled Trump into office, but it is now threatened by his tariffs. - "Class-war conservatives rely on a romanticized vision of America's economic past. They long for a return to mass manufacturing employment. Yet working-class America has transitioned from manufacturing to service-sector employment for a reason: The jobs are, in general, of far higher quality. Being a nursing assistant or a maintenance worker can be just as challenging and meaningful as working in a 1950s coal mine, only the work is far less likely to leave you profoundly disabled. Today's manufacturing jobs are safer, more stimulating, more productive, and more remunerative than their mid-century equivalents. Yes, there are fewer of them, as the least safe, least stimulating, least productive, and least remunerative jobs have been either automated or offshored. We can certainly try to bring the lowest-paid, most physically demanding jobs home, perhaps by rolling back domestic labor standards or imposing a new 'robot tax' to deter labor-saving automation. But don't be surprised if those jobs become a magnet for low-skill immigrants."

Why Trump Paused the Tariffs: A stock-market swoon, or even a recession, might not frighten him, but the prospect of a 2008-style meltdown apparently still does.

High tariffs didn't make the U.S. rich in the 19th century. They won't this time.: On tariffs and 19th century economic growth - "When we look at one country in history, we face an N=1 problem. We have no control group. The late 19th century United States also featured explosive population growth, mass European immigration, rapid technological innovation, westward expansion, abundant natural resources, high literacy rates, and stable property rights. Any of these could be the real growth driver." [ed. note: hit paywall]

Justice Dept. withdraws case against alleged MS-13 leader two weeks after his arrest: Two people familiar with the matter said authorities decided to drop the case to fast-track Henrry Josue Villatoro Santos’s removal from the U.S. His lawyer asked the court to hold off on granting the government’s request, saying a case dismissal would likely lead to Villatoro Santos’s immediate deportation.

A Republican senator is taking aim at D.C. Council’s new privacy law: Sen. Mike Lee (R-Utah) is introducing a measure to repeal a D.C. bill that significantly changes the city’s Open Meetings Act to allow council members to meet in secret.

The Smithsonian could be the beginning of Trump’s plan to edit history. Or the end.: The president may not like how the museum and research institution tells the American story — but Americans do.

Whitmer stands out from Democrats as she addresses Trump’s tariffs: The Michigan governor, a potential presidential candidate, signaled Wednesday that she sees some common ground with Trump on his trade vision. - "'As I’ve said before, I’m not against tariffs outright, but it is a blunt tool,' Whitmer said. 'You can’t just pull out the tariff hammer to swing at every problem without a clear, defined end goal.'

...

"But then, illustrating the political peril for Democrats seeking collaboration with Trump, the president signed executive actions targeting two officials who served in his previous administration and opposed actions Trump had taken. 

"'The governor was surprised that she was brought into the Oval Office during President Trump’s press conference without any notice of the subject matter,' Whitmer spokeswoman Kaylie Hanson said in a statement. 'Her presence is not an endorsement of the actions taken or statements made at that event.'

...

"Another Democrat who is considered a possible White House contender, Colorado Gov. Jared Polis, directly rebuffed Whitmer’s speech.

"'The 'tariff hammer' winds up hitting your own hand rather than the nail,' Polis wrote on X. 'Tariffs are bad outright because they lead to higher prices and destroy American manufacturing.'"

Metro can’t automate more trains because some aren’t stopping in time: The rail agency is pushing back, saying automation is still much safer than human train control.

How to cook with less salt without sacrificing flavor: Use salt early to season from within, and purchase or make salt-free or reduced-sodium pantry staples.

Does beef tallow really make better french fries? We put it to the test.: Here’s how suddenly trendy beef tallow compared to canola oil in a blind french fry taste test.

At the Masters, policing language is a tradition unlike any other: There’s no rough at Augusta National; there’s a second cut. And there are no fans, only patrons. And there are no words for the pretension.

Michelle Obama addresses public absences that gave rise to divorce rumors: “People couldn’t even fathom that I was making a choice for myself...they had to assume that my husband and I are divorcing,” Obama said of her newfound freedom to say “no.”

Why we assume ‘natural’ food is better, even when it’s not: Like RFK Jr., we can’t resist the idea that natural always means good, even when the evidence doesn’t agree.

Thanks, Ed Martin. You’re making defense attorneys like me look good.: Martin’s tactics and shortcomings undermine national security and the reduction of violent crime.

Tuesday, April 8, 2025

Reading archive 2025-04-08

Israel walks back its account of the killing of 15 medics in Gaza after video seems to contradict it

Trade Will Move On Without the United States: The tariffs will destroy another pillar of American power and leave a vacuum for others to fill. - "The results are unlikely to be what the administration anticipates. Some foreign companies may indeed respond to the tariffs by building factories in the U.S. to maintain their presence in a crucial market. But many others are simply too small, or too integrated into existing supply chains, to make that move. Where the millions of American workers will come from to screw together iPhones or make car parts is also a mystery, especially given the president's opposition to large-scale immigration. Factories in the U.S. are already struggling to find workers; the manufacturing sector has hundreds of thousands of vacant openings.

...

"Other countries long accepted U.S. leadership because they saw Washington as a proponent of global economic progress. The role Trump is choosing for the United States is not that. He may eventually roll back tariffs for those countries that negotiate with him, and he may even see this as a show of kingpin-like strength: Trump has already said that he'd be willing to reduce duties on China in return for a deal involving TikTok. But the erratic and arbitrary nature of the policies, and the willingness to exploit U.S. economic might to extort concessions, will undermine American standing nearly everywhere."

Why America’s Oligarchs May Regret Their Obedience: Putin’s Russia shows what happens when billionaire businessmen choose to back a strongman. - "Putin's regime offers a stark illustration of how democratic institutions can be hollowed out. Some of Trump's recent moves contain echoes of Kremlin strategy: canceling institutional checks in favor of loyalist appointments, attacking lawyers who work for opponents, demolishing independent agencies, feeding popular delusions of imperial greatness by threatening neighbors. The reforms of Musk's DOGE outfit are set to shift public goods into private hands."

Here Are the Places Where the Recession Has Already Begun: Towns near the Canadian border are suffering. - "He cannot buy feed from another supplier; there aren't any nearby, and getting it from farther away would be more expensive. When he got the delivery, he stared at the tariff for a while. Shouldn't his Canadian supplier have been responsible for paying it? 'I'm not even sure it's legal! We contracted for the price on delivery! If your price of fuel goes up or your truck breaks down, that's not my problem! That's what the contract's for.' 

"But the tariff was legal, and it was Gilbert's responsibility." [ed. note: lol eat shit]

The Cabinet Secretary Who Wants His Cookies Freshly Baked: The unusual requests made of Interior Secretary Doug Burgum’s staff are raising concerns all the way to the White House.

Defying the Courts Will Backfire: The public has not responded kindly to other politicians who have tried this in the past.

Trump Has Already Botched His Own Bad Tariff Plan: Once you’ve said you might negotiate, nobody is going to believe you when you change your mind and say you’ll never negotiate. - "The key to making it work was to convince businesses that the new arrangement is durable. Nobody is going to invest in building new factories in the United States to create goods that until last week could be imported more cheaply unless they’re certain that the tariffs making the domestic version more competitive will stay in place. (They’re probably not going to do it anyway, in part because they don’t know who will be president in four years, but the point is that confidence in durable tariffs is a necessary condition.)"

Wall Street Blew: It Investors discounted everything Trump has ever said about trade and tariffs. We’re all going to pay for that mistake. - "The U.S., for instance, buys agricultural products and basic manufactured goods from developing countries that don't have a big appetite for Boeing airplanes or Microsoft software. So those countries typically take the dollars they earn and buy U.S. government bonds, knowing that their money will be safe, instead of purchasing American goods. That creates a trade deficit, without anything sinister behind it. But for Trump, any trade deficit means that Americans are being played. And Trump hates few things in this world more than feeling that he's been played."

Trump to sign executive order to help dying U.S. coal industry: The president will direct agencies to boost coal leasing, mining and exports. But these steps are unlikely to usher in a coal renaissance. - "The executive order builds on moves the Trump administration has already taken. The Environmental Protection Agency last month began the process of dismantling restrictions on coal plants’ carbon emissions, mercury pollution and wastewater runoff. The Interior Department approved an expansion of a Montana coal mine, and the Bureau of Land Management is considering an 'emergency' lease to mine coal in North Dakota."

Who will tell Trump he’s naked?: The president’s advisers are falling over themselves trying to excuse tariffmageddon.

In the rain-soaked South, storms portend future ‘generational’ floods: Parts of Tennessee received 15 inches of rain. What happens when the next storm is worse?

MAGA Maoism is spreading through the populist right: A new conservative strain dreams of sending the bourgeoise to work the factories. - "But nostalgia is not a plan. It’s a mirror turned backward. Trump is not bringing back the dignity of work — he’s marketing the image of it. His tariffs won’t rebuild Bethlehem Steel. They won’t revive the coal towns. But they will make life more expensive for working people, while feeding the fantasy that somewhere out there, the old America still waits if you can just hurt the right people to get there."

After a Slow Start, High-Speed Rail Might Finally Arrive in America: True high-speed rail has not yet made it to the U.S., but that will change soon. Here are the projects currently being developed.

Ailing historic tree removed from White House grounds: The tree, known as the Jackson magnolia, was attributed to President Andrew Jackson, officials said.

Gun discharged inside backpack at Va. elementary school, police say: Spotsylvania County authorities said a gun went off while inside a third-grader’s backpack at Lee Hill Elementary School on Monday morning. No one was injured.

Palestinian American teen fatally shot by Israeli troops in West Bank village: American citizen Amer Rabee, 14, was fatally shot in the West Bank village of Turmus Ayya. The mayor said he had been picking green almonds with two friends.

44 percent of DC-area restaurants surveyed say they’re ‘likely to close’ by the end of this year

Saturday, June 1, 2024

Reading archive 2024-06-01

The elite ancient Greek fighting force made up entirely of gay couples: As Pride Month kicks off, the story of how the Sacred Band of Thebes defeated Sparta and changed history. - "Excavation of a mass grave on the battlefield at Chaeronea uncovered the bodies of 254 soldiers believed to be the band’s war dead. Amid the broken bones and fractured skulls, some pairs of skeletons lay linked arm in arm, a tribute to a love that outlasted death."

In a swing county, Trump’s faithful are angry. But they believe he’ll get even.: In Saginaw County, Mich., Democrats worry — and Republicans boast — that even 34 felony convictions won’t stop the former president from retaking the White House.

Investors, worried they can’t beat lawmakers in stock market, copy them instead: A loose alliance of investors, analysts and advocates is trying to let Americans mimic the trades elected officials make — but only after they disclose them. - "The penalties for those who violate the law are minimal: Members who are late to disclose stock activity, or sales and purchases of cryptocurrencies, generally face a $200 fine prescribed by the Stock Act. Rep. Pat Fallon (R-Tex.), who failed to disclose 122 transactions valued between $9 million and $21 million in 2021 in a timely manner, paid $600 in late filing fees and corrected the record though he refused to cooperate with the review conducted by the Office of Congressional Ethics.

...

"The Senate Ethics Committee has not issued a disciplinary sanction against a senator in over 15 years, even after a stock-trading scandal roiled the upper chamber. Sens. Richard Burr (R-N.C.), Dianne Feinstein (D-Calif.), James M. Inhofe (R-Okla.) and Kelly Loeffler (R-Ga.) came under scrutiny at the start of 2020 after they dumped vast stock holdings ahead of the coronavirus-induced market plunge. Neither the Senate Ethics Committee nor the Justice Department, whose investigators launched probes into the stock sales, pursued charges."

The Great Honeybee Fallacy: For years, people have understood them to be at imminent risk of extinction, despite evidence to the contrary. Why? - "A true truth about the bees: The modal American honeybee is, essentially, a farm animal—part of a $200-billion-a-year industry that’s regulated by the U.S. Department of Agriculture and is as sophisticated and professionalized as any other segment of the sprawling system that gets food on our plates. The nation’s largest beekeeping operation, Adee Honey Farms, has more than 80,000 colonies, facilities in five states, and nearly 100 employees. Its bees, and those at other large-scale apiaries, do produce honey, but more and more, the real money is in what the industry calls “pollination services”: the renting-out of bees to fertilize the farms of Big Ag, which have seen their indigenous pollinators decline with urbanization and industrialization."

Lawns Draw Scorn, but Some See Room for Compromise: Conventional turf lawns have come under attack. Landscape designers are using water-wise and native plants to balance green with “green.”

Tuesday, April 16, 2024

Reading archive 2024-04-16

A major US state just achieved a critical milestone for nearly two weeks: 'It's wild that this isn't getting more news coverage': "This has never happened before in history."

I went hunting for invasive iguanas in Florida. Not much went according to plan.: After traveling to South Florida to hunt green iguanas, maybe we’re thinking about them all wrong - "He’s most worried about Asian swamp eels. The species is now spreading through parts of the Everglades. In study areas, it has already eradicated more than 90 percent of several small fish and crustacean species, eroding the base of the food chain for other animals."

Momentum builds to oust Johnson from House speakership: One right-wing member called on the speaker to resign, which Johnson rejected

A tech-stock bubble and burst, all within three weeks: Behold the Trumpstockalypse

They criticized Israel. This Twitter account upended their lives.: Since Oct. 7, StopAntisemitism has flagged hundreds of people who have criticized Israel’s actions in Gaza. Many were swiftly fired. - "Celine Khalife, a 25-year-old therapist, says StopAntisemitism shut down her career just as it was getting started. A video posted by StopAntisemitism shows the Palestinian American tearing down a poster of Israeli hostages. She said Israel kidnapped its own citizens, a false conspiracy theory."

Police suspect custody battle linked to killing of two Kansas women

Amazon HQ2 was supposed to add jobs last year. It shed them instead.: The tech giant’s deal with Virginia had it adding more than 2,500 new employees at its new Arlington headquarters in 2023. But it lost more than 200 positions there last year.

Opinion  This might be Trump’s most inflationary, economically destructive idea yet - "Trump’s policy team is reportedly scheming to devalue the U.S. dollar. This might well be Trump’s most inflationary and economically destructive idea yet. That’s quite an achievement, considering everything else he and his advisers have cooked up (universal tariff hikes, deficit-financed tax cuts, huge reductions in the labor force, etc.)."

Opinion  Biden embraced Trump’s tariffs. It might be his undoing. - "The tariffs are the most egregious of all these policies. Despite Trump’s rhetoric to the contrary, they are a tax on American consumers. U.S. Customs and Border Protection estimates that so far Americans have paid more than $230 billion in these taxes. In addition, tens of billions of dollars have been handed out to farmers to compensate for their losses in agricultural exports (as a consequence of China’s retaliatory tariffs)."

Palestinian paramedics said Israel gave them safe passage to save a 6-year-old girl in Gaza. They were all killed.

Opinion  What was Iran thinking? Maybe not what you think.

How to revive hair that thins, grays or gets out of control as you age - "Minoxidil pills are FDA-approved for hypertension but used off-label at much lower doses for hair loss. At dosages of up to 2.5 mg per day for women and 5 mg per day for men, it achieves higher blood levels than topical, which can make it more effective, Olsen says. But, she cautions, there may be side effects (like changes in heart rate and blood pressure), so it’s wise to start with the lowest dose possible and take it under a doctor’s supervision."