Saturday, September 27, 2025

AI thinks Oliver Kornetzke is from Wisconsin, possibly a Democrat from Calumet County, who thinks America is from its inception arrogant, stupid, cruel, greedy, and corrupt

I'm guessing it's an alias, but for some communist from Dane County who works for the law firm Solitary, Poor, Nasty, Brutish, and Short.

Calumet County voted for Trump over Harris 59-39, and spends most of its time milking cows and making cheese, and on a winter Sunday drinking beer and playing Sheepshead. They have never hurt a flea.

Some of my folk come from there.

 


The top 10% wealthiest Americans are 47% richer after five years, up $36.25 trillion

Current U.S. Debt to the Penny is $37.46 trillion, he he.

They say we could never pay it back. 

 


Friday, September 26, 2025

Spot silver hits $46.41 per ounce, gold ends the week just under the Tuesday high

 ... Spot gold rose 0.8% to $3,778.62 per ounce as of 01:30 p.m. EDT (1730 GMT), after hitting a record $3,790.82 earlier in the week. ...

More

Boeing and FAA both to issue airworthiness certificates on Maxes, produced at a rate of about 38 per month, on alternating weeks


 

 What could go wrong, right?

I'm guessing some people will now fly only on the FAA-issued certificate aircraft lol.

 

Speaking of serving Mammon, the price of Trump's Golden Visa has just been cut by 80%, but the workaround scheme to let rich people cut in line may backfire

And you thought only National Popular Vote liberals were capable of end-runs.

 

 
... “The Gold Card is almost too cheap,” said Reaz Jafri of international law firm Withers. “You get access to the U.S. education system, health-care system, banking system and financial markets, all for $1 million. It’s a pittance for many of these families. I think they should have kept it at $5 million to make it special.” ... 
 
Commerce Secretary Howard Lutnick said the government plans to issue 80,000 Gold Cards. Together with potential Platinum Card and the new H-1B fees, which were raised to $100,000, he said the programs are expected to raise $100 billion in federal revenue. ...
 
The program is also likely to be challenged in the courts and potentially by Congress. Because immigration law is set by Congress, the president created the Gold Card through several legal workarounds, including using the existing EB-1 and EB-2 programs as the infrastructure or basis for the Gold Card. The $1 million fee is officially labeled an “unrestricted gift” to the government rather than an official fee change. ...
 
The EB-1 and EB-2 programs (which form the basis for the Gold Card) already have large backlogs of applicants from China and India, stretching for years. If Gold Card buyers are allowed to skip to the front of the line because of their $1 million donation, the applicants who have been waiting could file lawsuits. At the same time, Gold Card buyers won’t be willing to spend $1 million if they’re forced to wait years for approval. ...

Conservative Sinclair worships Mammon, not God


 

 Same as it ever was.

Core pce inflation has been higher and rising in May, June, July, and August than it was when Trump took office in January

 


Core pce inflation year over year in August 2025 rose again for the fourth consecutive month to 2.90% from 2.85% in July

 CoRe InFlAtIoN rAtE hElD aT 2.9% In AuGuSt, aS eXpEcTeD, FeD’s GaUgE sHoWs

The damn thing's elevated 74% above the average 1.67 for the twenty-five years 1996-2020 and we're supposed to be OK with it because it's "as expected".

Jai Ya.

 


 

Thursday, September 25, 2025

Real GDP since the Trump tax reform in 2017 still lags the post-war rate by 27.5%

Today's third estimate for 2Q2025 real GDP came in 0.5 points hotter at 3.8% on increased consumer spending: 

Real GDP was revised up 0.5 percentage point from the second estimate, primarily reflecting an upward revision to consumer spending. 

The big picture, however, indicates that the compound annual growth rate of real GDP from this report comes in at only 2.50% per annum for the eight years since 2Q2017. The corresponding figure for the sixty years 1947-2007 is 3.45% per annum. Economic growth since the year of the Trump Tax Reform late in 2017 therefore undershoots that post-war rate by 27.5%.

And measured from 2007 instead of 2017, real GDP growth has been even worse. Over the eighteen years since 2Q2007, real GDP has grown at a compound annual rate of just 1.97%, almost 43% worse than the pre-2007 rate of 3.45%.

Lower economic growth since the Great Financial Crisis remains the great unsolved economic problem of our time.

People who say "Just wait for the Trump tax cuts of 2025 to kick in" don't get it. There's nothing broadly, fundamentally, permanently different coming down the pike from that legislation. It's a continuation of the 2017 legislation, plus some temporary sweeteners.

A serious country would care about all this, but that would not be us. 

Wednesday, September 24, 2025

I mean, c'mon, even Tylenol says don't take Tylenol

 


When you think it's 2025 but it's really just 1987 all over again

 



Jimmy Kimmel's opening riposte is so old it goes back to at least 1577 in the mouth of Luis de León, whose followers established The School of Salamanca


 

 Unamuno was removed from his two university chairs by the dictator General Miguel Primo de Rivera in 1924, over the protests of other Spanish intellectuals. ... Unamuno returned to Spain after the fall of General Primo de Rivera's dictatorship in 1930 and took up his rectorship again. It is said in Salamanca that the day he returned to the university, Unamuno began his lecture by saying, as Fray Luis de León had done after four years of imprisonment by the Spanish Inquisition, "As we were saying yesterday..." (Decíamos ayer...).       

More

Charlie Gasparino for The New York Post admits Kimmel is profitable for Disney, but the Nexstar and Sinclair stations which banned Kimmel stupidly took the hit last night

 ... But Disney, the parent of ABC, where “Jimmy Kimmel Live!” airs, squeezes a lot of juice out of Kimmel, people there tell me. There are affiliate fees for networks that pick up Kimmel’s programming, online ads and sponsorship deals. He hosts the Oscars, which helps with brand building. 

The segments featuring his sidekick, Guillermo Rodriguez, are also a draw for advertisers, these people say. Taken together, all this means Kimmel, despite his annual salary of $16 million (nearly as much as his ad-revenue losses), a massive staff (200 people working on the show) and falling ratings, is profitable, my sources at Disney say. ...

More. 

Just say NO! to Tylenol TM lol

 


Tuesday, September 23, 2025

Mad King Ludwig stops taking his stupid pills, appears to reverse himself 180 degrees on Ukraine

 We shall see.

 


 

Nexstar and Sinclair pleasing their masters at the FCC, which holds the fate of their merger plans in its hands, Disney not so much

 Nexstar, Sinclair won’t air Jimmy Kimmel’s return on ABC affiliates  

... ABC parent Disney announced Monday it would bring back “Jimmy Kimmel Live!” after pausing the show indefinitely last week following comments by host Kimmel ... 

Nexstar is currently seeking FCC approval for its proposed $6.2 billion merger with fellow broadcast station owner Tegna. And while it has yet to ink a deal, Sinclair is also exploring merger options for its broadcast stations.

Disney, meanwhile, is seeking regulatory approval for a deal in which the NFL would acquire 10% of the company’s ESPN in exchange for NFL Media assets.

Wowie: Gold to $3,790.82, silver to $44.17

 Reuters.

Monday, September 22, 2025

Wow: Gold to $3747.08, silver to $43.99

Gold hits fresh record high as investors eye further rate cuts
 
... Spot gold rose 1.7% to a fresh record high of $3,747.08 per ounce, as of 02:06 p.m. ET (1806 GMT). U.S. gold futures for December delivery settled 1.9% higher at $3,775.10. ... 
 
Spot silver rose 2.1% to $43.99 per ounce, a more than 14-year high. ...