UK’s Andy Burnham becomes PM as Trump slams Britain as ‘Poverty Stricken Disaster’
Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts
Monday, July 20, 2026
Sunday, July 19, 2026
Friday, July 17, 2026
Well well well
Lettuce at Taco Bell in five states confirmed as source of a diarrhea-causing parasite outbreak
... lettuce from Mexico ... A Food and Drug Administration investigation identified a single supplier of the lettuce. ...
Wednesday, July 15, 2026
Tuesday, July 14, 2026
ICE suspends murdering people in their cars, still not wearing body cameras despite receiving $75 billion in July 2025, $39 billion last month, and $15 billion in normal appropriations in 2025-2026
Fixed it for ya.
ICE suspends vehicle stops for U.S. immigration enforcement, Reuters sources say
... Maine Senator Angus King, an independent who caucuses with Democrats, told reporters that the agents involved were not wearing body cameras, leaving questions unanswered about the circumstances surrounding the shooting. ...
The bastards in the Trump administration slow-walk compliance with oversight no different than Obama did. The issues change, but the behavior of the executive remains the same.
Fed Chair Kevin Warsh, whose wealth is his wife's, peddles the myth that the Fed is in control
This country eats, drinks, and sleeps inflation in the post-war . . . at 3.4% since 1948.
It's the cover for the haves to rob the have-nots. The Fed's job is to keep it going, just at a lower level than the 4.4% of the last six years, while telling you that they work for you when they actually work for the banks and the corporations.
From 1871 to 1948 the inflation rate was 0.8%, for most of which time we had sound money . . . until they confiscated it in 1934.
The only true words below are "We don't know".
Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom
... "if we get policy right — and we will — the inflation surge of the last five years will be a thing of the past."
... "While monthly price fluctuations are inevitable — especially in an unsettled world — underlying inflation over longer time horizons is determined largely by monetary policy," he said.
... "We don’t know the extent to which the economy will benefit from the AI buildout," he added. "Yet it seems inevitable that what is now called ‘AI investment’ will soon be called just ‘investment.’"
Warsh previously has said he expects an AI productivity boom will prove disinflationary — a premise challenged by some economists as well as his fellow Fed policymakers. ...
Gee, I hope it's not this disinflationary:
The whole world is laughing at Trump's stupid Strait of Hormuz toll proposal, especially Iran
A 20% charge on a fully loaded VLCC is $30 million. Iran is widely believed to be charging less than 2%.
Trump is a buffoon.
Global shipping industry sounds the alarm over Trump’s Hormuz toll plan
... Shipping giant Hapag-Lloyd has said it is “fundamentally wrong” to charge tolls for passage through international waters, regardless of the country in charge.
“Tolls for infrastructure such as the Suez Canal or Panama Canal are different, because they reflect major infrastructure investments,” the firm said in a statement. “That is not the case in the Strait of Hormuz.” ...
Monday, July 13, 2026
So Trump isn't really worried about a global recession triggered by high energy prices after all
Brent oil jumps more than 9%, biggest daily gain since 2020, after Trump reinstates Iran blockade
... Brent crude futures advanced 9.6% to close at $83.30 per barrel. It was the international benchmark’s best daily performance since May 2020. West Texas Intermediate futures gained 9.4% to settle at $78.14. ...
Trump's protection racket in the Strait of Hormuz effectively blockades the good guys, violates international law same as Iran
UN maritime agency opposes Hormuz transit fees after Trump demands protection money
The International Maritime Organization, a United Nations agency, said Monday that it opposes transit fees in the Strait of Hormuz after President Donald Trump demanded that ships pay protection money.
“We have always been consistent on our stance on fees – IMO stands firmly against charging fees for passage through straits used for international navigation,” a spokesperson said.
“There is no legal basis through which to introduce mandatory tolls simply to transit through a strait,” the spokesperson said.
... Tolls to transit Hormuz are against international law, said James Kraska, an expert on international maritime law at the U.S. Naval War College. The world has an unimpeded right to transit Hormuz, Kraska said. ...
Incompetent organized crime boss imposes protection fees on Strait of Hormuz cargo which he will also blockade
The tyrant is the real slave. He is mastered by a whole host of conflicting desires, none of which he is therefore able to in any way satisfy.
Trump proposes 20% toll on cargo through Strait of Hormuz; restarts Iran blockade
President Donald Trump on Monday said the U.S. will impose fees in the Strait of Hormuz “at the rate of 20% on all cargo shipped,” after declaring America’s role as the “guardian” of the major oil-shipping route. ... Trump’s post asserts that commercial vessels attempting the transit must now pay protection money to the U.S. ...
“The U.S.A. will be, from this point forward, known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,’” he claimed. “But as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World.”
“The process and formation will begin immediately,” he added. ...
Sunday, July 12, 2026
Lindsey Graham is dead and Mitch McConnell is sitting up, taking nourishment, and smiling with his wife
Sen. Lindsey Graham, influential lawmaker and Trump ally, dies at 71 after a brief illness
... Graham’s death was the result of aortic dissection due to arteriosclerotic cardiovascular disease, according to the Medical Examiner of the District of Columbia’s preliminary findings, a statement released by his office said. ...
McConnell provides health update after long unexplained absence; says he suffered fall, pneumonia
... ″[L]ast month, I took a fall which landed me in the hospital,” McConnell said in the statement to his constituents. “My doctors have confirmed that I didn’t break any bones or suffer a concussion. I didn’t have a heart attack or a stroke. I don’t have any tumors or hemorrhages. But I was briefly unconscious and was taken to the hospital.”
The former Senate GOP leader said he also “had to deal with a mild case of pneumonia” while in the hospital. In a photo released with his statement, McConnell is holding a copy of the Sports section of the July 12 edition of The Washington Post. ...
Saturday, July 11, 2026
Friday, July 10, 2026
Ukraine can now target just about any Russian fuel tanker at sea and any Russian oil refinery on land whenever it wants, which lately has been daily
Zelenskyy is destroying Russia's ability to make war.
Too bad Donald Trump never does that.
Ukraine escalates attacks on tankers near Crimea as Russian fuel shortages bite
... Ukraine’s drone force commander, Robert Brovdi, known as Magyar, said via Telegram that 14 Russian ships were hit in the Sea of Azov on Thursday evening, taking the number of Russian vessels stuck by Ukrainian drones to 35 over the last 96 hours. CNBC could not independently verify this report.
... Ukraine has frequently targeted high-profile oil refineries in major cities such as Moscow and St. Petersburg in recent weeks as part of a sustained push to cut off Russia’s energy revenues.
Earlier this week, Ukraine marked what appeared to be one of the country’s deepest attacks on Russian territory in the war so far.
Plumes of black smoke were seen billowing from a key oil refinery in the city of Omsk on Tuesday, prompting Ukrainian President Volodymyr Zelenskyy to declare that the country’s upgraded drone capabilities have put Siberia “within reach.”
The Omsk facility is situated nearly 2,500 kilometers (1,553 miles) from Ukrainian territory and close to Russia’s border with Kazakhstan. ...
In the Michigan U.S. Senate race, progressive Abdul El-Sayed is only half the fascist you think he is, says he's for only 50% public ownership of AI, not 100% lol
O.M.G.
AI, data center fears could be key in closely watched Michigan Democratic Senate primary
... earlier this month, he unveiled a multi-pronged policy to rein-in AI that includes public ownership of the technology, an AI dividend paid to the public, mandatory divestiture of AI developers from major tech companies and a new tax on AI automation.
... McMorrow and other critics have questioned the feasibility of El-Sayed’s proposal, which in addition to 50% public ownership and direct payments to Americans includes expanded unemployment benefits and the establishment of a Food and Drug Administration-style safety testing agency within the federal government to test emerging AI technology.
... El-Sayed brushed off those claims. The farther left plan would be complete ownership, rather than the 50% he is proposing, he countered. ...
Wednesday, July 8, 2026
Democrats force out Graham Platner like they forced out Joe Biden
Platner quits Maine Senate race; Democrats set to pick new nominee
... “We did it the right way, we built a campaign, we engaged in electoral politics, we motivated people, we banded together,” he said. “We did it the way we are told we are supposed to make change, and we won, and now they are not going to let us have it. Not if it’s me.” ...
Spare me your growing concerns about Mitch, Tom Kean was missing in action for four months, missing more than 140 votes in a U.S. House with a GOP majority margin of just five
Tom Kean wasn't in the headlines every damn day.
Mitch hasn't been Senate Majority Leader for 18 months and counting.
If Mitch is absent the Vice President can stand in if there is a tie.
The Mitch-haters on Elon Musk's X are vile and ugly.
Mitch McConnell’s health concerns grow amid 4th week in hospital with few details from aides
GOP Rep. Tom Kean says depression diagnosis caused months-long absence from Congress
Tuesday, July 7, 2026
The most important thing commanding Mad King Ludwig's attention right now is renewing his threats against our friends in Greenland and NATO, not that our enemy Iran just attacked four ships in the Omani corridor in the last 24 hours
His brain is a bucket of eels.
Trump renews Greenland threats at NATO summit, says U.S. could remove troops from Europe
Oil prices rise more than 2% after attacks on tankers in Strait of Hormuz
UKMTO is reporting that three attacks were reported, not four.
Friday, July 3, 2026
It's not job seekers giving up, it's Baby Boomers exiting the stage
... in June the biggest plunge came from what is defined as “prime age” workers, or those between the ages of 25 and 54. That rate fell 0.6 percentage point to 83.3%, its lowest since December 2023.
“Looking at the statistics now, that argument doesn’t hold up so well,” North said of the retirement and immigration rationale. “I hate to use the word ‘alarming,’” he added, but said the numbers are cause for concern. ...
Alarmed? Really now. This misses the forest for a single tree.
Percent change for the labor participation rate for 25-54s is UP .1 and .2 for 1H2026 and 2H2025 respectively.
For 55s+ it's DOWN 0.8 and .2 respectively.
The 55s+ metric has had NINE semiannual declines since 2019 vs. only three for 25-54s.
The former is bleeding participation, while the latter is holding its own.
You can't really appreciate this unless you measure the employment of each group as a percentage of its own population level, from which you can determine how many of them are not working now vs. then.
The number of 55s+ working in 1H2026 and 2H2019 is nearly the same, 37.8 million and 37.6 million respectively, but the former represents only 36% of the group, while the latter represents 39.3%.
That means that the net additions to the no-longer-working side of the total population of the group since 2019 for 55s+ is now 9.193 million, but doing the same exercise for 25-54s yields a statistically insignificant 215k.
Meanwhile employment as a percentage of its own population for 25-54s, unlike for 55s+, has been and remains stronger now than at any point since the dotcom bubble, averaging 80.64% for forty-two consecutive months.
The peak year individuals of the Baby Boom, 1957, turned 62 in 2019, when employment of 55s+ naturally peaked too, while the individuals of the final year of the Baby Boom, 1964, turn 62 now in 2026.
We are witnessing the Baby Boom roll over and disappear from the labor statistics.
Subscribe to:
Posts (Atom)