Video: China Takes Gloves Off in Trade War With US
USA trying to bully the world is not going to end well
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#kleptocracy
17 posts11 participants1 post today
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Nor do you become a $trn gadget company by pricing items past the purchase threshold ...
... esp. when the cost of living for a large portion of the consumer base has been stretched close to the breaking point even before those insane Trump-tariffs were crushing the economy and hiking every single prize.
¯\_(ツ)_/¯
For investors that are thinking about “buying the dip,” as Wall Street tumbles, legendary investor Bill Gross told Bloomberg “investors should not try to ‘catch a falling knife.”
Retailers face challenging road ahead as Trump #Tariffs shape global trade
EMARKETERRetailers face challenging road ahead as Trump tariffs shape global tradeThe impacts of the Trump Administration’s new tariffs are already rippling through global supply chains and consumer markets.
"US retailers should be dusting off their inflation playbooks and brace for erratic shifts in spending patterns," warned our analyst Blake Droesch.
#kleptocracy & #corruption on full display:
Exclusive: #SpaceX, #ULA to clinch multibillion-dollar #Pentagon launch contract
#ElonMusk's SpaceX & United Launch Alliance are expected to each win a #US #SpaceForce rocket launch contract on Friday worth billions of dollars over the next several years to send some of the Pentagon's most sensitive #satellites into #space, acc/to 2 people familiar w/the procurement decision.
#law #Trump #broligarchy #plutocracy #USpol
https://www.reuters.com/business/aerospace-defense/spacex-ula-expected-clinch-multibillion-dollar-contract-key-pentagon-launch-2025-04-04/
Hey brilliant GOPers always touting your Dear Leader, is this what you meant about #winning?
“Six weeks ago, we had the strongest economy, employment, and stock market in history … all gone in 30 days.”¨
as if agent orange and SissySpaceX are not grift-y and scammy enough, illegal immigrant melania is also looking to get her share of the pie
How Trump’s ‘Liberation Day’ tariffs could kill American innovation
The U.S. has used tariffs to protect industry since 1789. That approach decimated American shipbuilding and could do the same to #CleanTech
Grist · How Trump’s ‘Liberation Day’ tariffs could kill American innovation
Democrats stall #Stablecoin bill, citing Trump crypto ambitions
Democratic lawmakers want to add language to the bill that would restrict elected officials and high-level government employees from owning and profiting off stablecoin issuers.
American Banker · Republicans move stablecoin, other bank bills, out of committee
#Recession Risk on the Rise as #TrumpTariffs Reverberate Globally
#Stocks in every sector & every #market tumble drastically, former #US #allies & adversaries alike plan #retaliatory measures.
Meanwhile #Trump plans to golf at his #luxury Florida resort w/ #SaudiArabia LIV tourney this weekend.
#economy #tariffs #inflation #trumpcession #plutocracy #oligarchy #kleptocracy
https://www.reuters.com/world/us/donald-trump/trump-tariffs-live-stocks-tumble-after-us-imposes-10-baseline-tariffs-2025-04-03/
Trump promised to hire the best but incompetence in his staff is a feature and not a bug.
Waltz and staff used Gmail for government communications, officials say
The Washington Post · Waltz and staff used Gmail for government communications, officials say
As CISA Downsizes, Where Can Enterprises Get Support?
In this roundtable, cybersecurity experts — including two former CISA executives — weigh in on alternate sources for threat intel, incident response, and other essential cybersecurity services.
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Slim Pickens: the odds of finding someone with any clue about the job they've been hoisted into.
too dumb for even #kleptocracy = #kakistocracy
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#DOGE also announced drastic cuts at depts that provide critical #SocialServices including #VeteransAffairs [#VA], which administers #healthcare for #veterans, & the #SocialSecurity Administration, which sends out checks to #retired, #disabled & #widowed Americans [money Americans put into the #SSA out of their own paychecks].
#OPM …has laid off >200 of its own employees & allowed >400 to *opt in* to *voluntary* exit programs since #Trump took office…
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…One of #Trump's first acts…was to create #DOGE, [supposedly] to root out waste, fraud & abuse, slash govt spending & purge the federal workforce of low-performing, *disloyal* & unnecessary workers.
…In practice,…DOGE has mostly pursued long-time #Republican #policy objectives, shuttering agencies such as #USAID & the #CFPB, which provide a lifeline to the world's needy & protect Americans from unscrupulous lenders respectively.
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"Authorizing a #Musk-controlled agency like #OPM to hire a driver while slashing essential #FederalWorkers who actually help Americans in need is a good example."
The #Trump admin, #DOGE, Musk & Ezell did not respond to requests for comment. An OPM spox said in a statement that the agency "has ongoing security concerns" requiring a driver, w/o providing further detail.
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…The decision shows that #Musk's Department of Government *Efficiency*, which is directing the cuts, is not making the government more effective, said Kathleen Clark, a professor of #ethics at WashU in St. Louis.
"It is becoming increasingly obvious that Musk’s & #DOGE’s mission has absolutely nothing to do with efficiency, & instead is aimed at enabling Musk to use - & abuse - #power within the federal government," she said.