Monday, August 11, 2025

Trump invokes emergency powers yet again, takes over DC police for 30 days under Home Rule Act over non-existent crime surge except against his own people, deploys National Guard

This is pissing-match security theatre: "If Biden can do it so can I".

 

 
... his emergency control is set to expire after a maximum of 30 days, according to the statute. That can be extended, but only if Congress passes a law authorizing it.

While Trump has frequently complained about crime in the district, violent crime there has fallen to a 30-year low as of January, according to the U.S. Department of Justice. ...

I'm Forrest Gump and that's all I have to say about that

 


Sunday, August 10, 2025

Like they can hear him

 

Andrew Sullivan makes Trump subhuman the way Mark Levin and Michael Savage have made their enemies subhuman, says the American people no longer want to govern themselves

They shoot wild boar in Texas from helicopters, don't they?

 

 The Permanent Stain

 ... Trump is conservatism’s actual nemesis: a wild boar — psychologically incapable of understanding anything but dominance and revenge, with no knowledge of history, crashing obliviously and malevolently through the ruined landscape of our constitutional democracy.

This very Greek tragedy — conservatives killing the Constitution they love because they hate the left more — is made more poignant by Trump’s utter cluelessness: he doesn’t even intend to end the American experiment in self-government and individual freedom. He isn’t that sophisticated. He is ending it simply because he knows no other way of being a human being. He cannot tolerate any system where he does not have total control. Character counts, as conservatives once insisted, and a man with Trump’s psyche, when combined with his demagogic genius, is quite simply incompatible with liberal democratic society. Unfit. ... 

I recall that when I first wrote that I didn’t believe Trump would concede an election he lost, and thereby provoke a constitutional crisis, I was also told I was hyperventilating. But it happened. And Americans rewarded it four years later by re-electing the man who tried to destroy their democracy. That’s exactly as the ancient political philosophers predicted: as democracies enter their late, chaotic stage, the people want an autocrat. They yearn for one. And in America, they voted for one twice. The forces we are up against are far beyond Trump. They’re called the cycles of history and a critical mass of the American people, who no longer want to govern themselves, who are sick of this republic and no longer want to keep it if it means sharing power with those they despise. ...

 

Andrew Sullivan intimately knows all about not governing oneself. If only the Democrats did, who relentlessly persecuted and prosecuted Trump while in office and out. That's why we are here.

Power hungry data centers break the utility model of socializing electricity costs: Seventy percent of last year's increased electricity cost was the result of data center demand


 

 As electric bills rise, evidence mounts that data centers share blame. States feel pressure to act

... Monitoring Analytics, the independent market watchdog for the mid-Atlantic grid, produced research in June showing that 70% — or $9.3 billion — of last year’s increased electricity cost was the result of data center demand. ... 

PJM [Interconnection, the mid-Atlantic grid operator], has yet to propose ways to guarantee that data centers pay their freight, but Monitoring Analytics is floating the idea that data centers should be required to procure their own power. 

In a filing last month, it said that would avoid a “massive wealth transfer” from average people to tech companies. ...

 Demand for Electricity Takes Off. US Power Generation by Source in 2024: Natural Gas, Coal, Nuclear, Wind, Hydro, Solar, Geothermal, Biomass, Petroleum 

The quantity of electricity generated in the US by all sources, from natural gas to rooftop solar, rose by 3.1% in 2024 from 2023 to a record of 4,304,039 gigawatt-hours (GWh), according to data from the EIA today.

This is now clearly a breakout in demand, after 14 years of stagnation, from 2007 through 2021, when electricity users, to reduce their costs, invested in more efficient equipment – lights, appliances, electronic equipment, industrial equipment, heating and air-conditioning, etc. – and in better building insulation, shading, etc., to reduce their power costs. This relentless drive for greater efficiency kept demand roughly stable for years despite the growing economy and population. And it mired many power generators and electric utilities in a no-growth business where it was difficult to justify investment.

Now the scenario has changed, largely due to the growth in demand from data centers (AI, cloud, crypto) and the increasing penetration of EVs in the national vehicle fleet – EVs accounted for over 10% of US vehicle sales in 2024. ...

Republican Ralph Norman (SC-5), who wants to be South Carolina's next governor, says higher prices due to Trump's tariffs are for the good of the country

 You be happy paying more. 

 ... Notably, Norman was one of the few House lawmakers not to endorse Trump in 2024, backing former United Nations Ambassador Nikki Haley instead.

In his late July announcement of his upcoming gubernatorial bid, however, he praised Trump, predicting “what he did [in Iran] is going to put him in the annals of the greatest presidents we have ever had.” ...

More

There are already five Republicans running for governor in South Carolina. 

Friday, August 8, 2025

Trump the amateur appointed this guy in early December, fires him in early August lol

 


Jim Lovell was the greatest of Americans

 

 

This is a fabulous tribute to the man who kept his head while all others were losing theirs. 

Apollo 13 moon mission leader James Lovell dies at 97

... One of NASA’s most traveled astronauts in the agency’s first decade, Lovell flew four times — Gemini 7, Gemini 12, Apollo 8 and Apollo 13 — with the two Apollo flights riveting the folks back on Earth.

In 1968, the Apollo 8 crew of Lovell, Frank Borman and William Anders was the first to leave Earth’s orbit and the first to fly to and circle the moon. They could not land, but they put the U.S. ahead of the Soviets in the space race. Letter writers told the crew that their stunning pale blue dot photo of Earth from the moon, a world first, and the crew’s Christmas Eve reading from Genesis saved America from a tumultuous 1968.

But the big rescue mission was still to come. That was during the harrowing Apollo 13 flight in April 1970. Lovell was supposed to be the fifth man to walk on the moon. But Apollo 13′s service module, carrying Lovell and two others, experienced a sudden oxygen tank explosion on its way to the moon. The astronauts barely survived, spending four cold and clammy days in the cramped lunar module as a lifeboat. ...

“I think in the history of space flight, I would say that Jim was one of the pillars of the early space flight program,” Gene Kranz, NASA’s legendary flight director, once said. ...

The Apollo 13 crew of Lovell, Haise and Swigert was on the way to the moon in April 1970, when an oxygen tank from the spaceship exploded 200,000 miles from Earth.

That, Lovell recalled, was “the most frightening moment in this whole thing.” Then oxygen began escaping and “we didn’t have solutions to get home.”

“We knew we were in deep, deep trouble,” he told NASA’s historian.

Four-fifths of the way to the moon, NASA scrapped the mission. Suddenly, their only goal was to survive. ...

Trump is still an amateur lol

 

EV sales achieve record high 9.1% of total sales of passenger vehicles in July, 90.9% sold still internal combustion lol


 

EV sales soar as Trump axes $7,500 tax credit: ‘People are rushing out’ to buy, analyst says

Consumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts.

Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for new, used and leased EVs — after Sept. 30.

The Biden-era Inflation Reduction Act had originally offered the tax breaks to consumers through 2032.

“We’re expecting Q3 may be [a] record for EV sales because of the tax incentives going away,” said Stephanie Valdez Streaty, a senior analyst at Cox Automotive.

“People are rushing out” to buy, she said.

Consumers purchased nearly 130,100 new EVs in July, the second-highest monthly sales tally on record, behind roughly 136,000 sold in December, according to Cox Automotive data. The July figures represent a 26.4% increase from June and nearly 20% increase year-over-year, Streaty said.

The share of EV sales in July also accounted for about 9.1% of total sales of passenger vehicles that month, the largest monthly share on record, according to Cox.

“We’re seeing significant volume in new EVs,” said Liz Najman, director of market insights at Recurrent, an EV marketplace and data provider. ...

 

Gee, I hope the House Permanent Select Committee on Intelligence is going to subpoena the guys at The Washington Free Beacon to testify under oath that they knew absolutely nothing about a Trump dossier

 


Mad King Ludwig tariffs gold bars, making liquidity more expensive for big banks





  Gold futures hit record high after report of US tariffs on gold bars

Gold futures climbed to a record high on Friday after a report that the United States had imposed tariffs on imports of 1-kg gold bars, while spot gold stayed on track for a second straight weekly gain on tariff turmoil and U.S. interest rate-cut hopes. ...  

U.S. gold futures for December delivery were up 0.9% at $3,484.10, after hitting an all-time high of $3,534.10.

The price spread between New York futures and spot prices widened by more than $100 after the Financial Times reported on Thursday that the United States had imposed tariffs on imports of 1-kg gold bars, citing a letter from Customs and Border Protection.

The letter, dated July 31, said 1-kg and 100-ounce gold bars should be classified under a customs code subject to higher tariffs, a move that could impact Switzerland, the world’s largest gold refining hub.

The tariffs on gold bars “will create a dislocation or rather some issues in terms of settlement by big banks” and this was reflected in liquidity prices this morning, with prices jumping everywhere, said Brian Lan, managing director at GoldSilver Central, Singapore. ...

 

Thursday, August 7, 2025

The Treasury Secretary is such a kiss-ass and knows damn well that the Fed's so-called full employment mandate was a set of handcuffs put on the Fed in 1978

And why did the Congress do that to the Fed?

So the Congress could evade responsibility for high unemployment as well as for high inflation, that's why.

A bunch of cowards six ways to Sunday they are.

Besides, core personal consumption expenditures is the Fed's key metric, as everyone knows, and that is an inflation metric, not an employment metric. 

And The Humphrey-Hawkins Full Employment Act specifically recognizes that reducing inflation is the Fed's main job, actually mandating ZERO inflation, not 2% inflation as widely misinterpreted. 

Meanwhile there is another report of employment besides the total non-farm payrolls report which the Fed can consult, and it shows employment continues near all-time highs in July.

No change to DFF was the appropriate response of the Fed to persistent core inflation way above 2%.  

 

 
 
 


 

 

If you missed Hiroshima on Wednesday, there's always Nagasaki on Saturday

 


Oh well, I guess you'll just have to become your own brain surgeon

Learn to code, they said. 

 

... Starting next year, the legislation caps the amount of federal loans students can borrow for graduate school at $100,000 over a lifetime — and sets a lifetime loan limit of $200,000 for professional programs, such as medical, dental or law school. Grad PLUS loans will also be eliminated entirely. Those changes go into effect for new borrowers on July 1, 2026. ...

However, for aspiring doctors, the limits may mean drastic changes. The average cost of medical school already exceeds $200,000. At private institutions, the average cost is more than $300,000, according to 2024 data from the Association of American Medical Colleges. ...