Trump’s ‘bargain’ $1m Gold Card backfires with just 338 applications
... The Trump Gold Card, which offers purchasers an expedited route to American residency, was unveiled with great fanfare in February 2025. ...
Friday, May 1, 2026
Dirty Rotten CEOs in the news
... The average CEO received $8.4m in total compensation in 2025 compared to $7.6m in 2024. ...
For 384 CEOs in the S&P 500 where CEO compensation data was
available, pay increased by 25% from 2024 to 2025, while average hourly
earnings for workers at private companies increased 1.3% in the same
period. ...
Mark Davis is running for FL-16 on 8647 lol
... Mark Davis, an unaffiliated candidate running in Florida’s 16th
district, drives around with an “8647” license plate, wears an “86 47”
hat, and sells hats and a t-shirt featuring the numbers on his
campaign’s website. ... Davis has been using “86 47” to express his disdain for Trump since he
announced his campaign for the House of Representatives last year. ... Davis is not the only one who has been selling “86 47” merchandise. On
Amazon, hundreds of t-shirts with variations of the numbers are
available for as little as $10. Other websites, such as Redbubble and
Etsy, sell stickers, hats, posters and other variations of “86 47.” ...
On day 60 Lizard Brain turns off the war as of April 7 to restart the 60-day clock again later whenever he wants
Trump tells Congress hostilities in Iran ‘have terminated’ as War Powers deadline hits
... “The hostilities that began on February 28, 2026, have terminated,” Trump wrote. ...
Thursday, April 30, 2026
JMIC Update 39 for tanker traffic in the Middle East April 23-29, 2026
Middle East Tanker Traffic April 23-29, 2026
Strait of Hormuz E: 2.14/day
Strait of Hormuz W: 0.28/day
Total: 2.42/day
Normal (2022): 70/day
Down 96.5%
Bab-el-Mandeb Strait SE: 6.57/day
Bab-el-Mandeb Strait NW: 7.71/day
Total: 14.28/day
Normal (2022): 30/day
Down 52.4%
Real GDP for 1Q2026 was reported today at 2.0% seasonally adjusted annual rate, and it continues to underperform both the Reagan era and the post-war era
It's a long way down from 8.1% in 1Q1984 to 2.0% in 1Q2026.
GDPC1 compound annual growth rates:
Trump era to now 1Q2017-1Q2026: 2.476%
Mid-Reagan era to Trump 1Q1984-1Q2017: 2.707%
Post-war to Reagan 1Q1947-1Q1984: 3.585%
Trump underperforms the post-war by 31% . . . and Reagan by 9%. MAGA is purely aspirational.
Reagan to Trump underperformed the post-war by 24%.
The compound annual growth rate of real GDP from Reagan to now is 2.657%, underperforming the post-war by 26%.
This is why the kids don't have full-time jobs, kids of their own, and homes to raise them in.
 |
| trend for percent change for real dollars |
 |
| trend for percent change for the rate |
Core pce inflation is raging at 3.2% year over year in March, 109% above normal, and the Congress, the president, and the Fed are doing ZERO, ZIP, NADA about it
The Fed met YESTERDAY and left the federal funds rate unchanged even though this is their primary indicator of inflation and it is more than double the average rate post-Great Recession.
There were just three votes with the temerity to suggest that inflation might be a problem right now.
But SPX is up! one half of one percent at this hour, threatening to make another all time high. That's all that matters!
None of them give a shit about YOU!
Democrat U.S. Senate candidate Mallory McMorrow from Michigan is a New Jersey transplant, and it shows
Elitist climber, progressive snob.
April 2025:
April 2026:
I just mailed a letter at my rural gas station on the corner and gasoline is $4.99/gal
To think I filled up yesterday at Sam's for $4.09.
Diesel is $5.99.
The average price of unleaded regular gasoline in 2022 was $4.09, but that's what I paid for it yesterday at Sam's Club, except now this morning it's $4.19!
Gasoline stations around Grand Rapids were selling gasoline for $4.29/gallon yesterday.
Gas Buddy says the average price in my county this morning is $4.791 and climbing.
Wednesday, April 29, 2026
The Jerome Powell Fed Chair era draws to a close effective May 15, but Powell could remain a Fed governor until his term ends in January 2028
Fed holds rates steady but with highest level of dissent since 1992
... In what may have been Chair Jerome Powell’s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%. Markets had been pricing in a 100% chance of no change. ...
It wasn't much of a dissent when the vote to hold rates steady was 11-1. Three of the eleven simply disagreed that right now the Fed should say as it does in the official statement that it remains open to new information which might suggest additional rate cuts in the future, when in their opinion that sends the wrong signal when inflation remains as elevated as it is at present.
... “My decisions on these matters will continue to be guided entirely by what I believe is in the best interest of the institution and the people we serve after my term as chair ends on May 15, and will continue to serve as a governor for a period of time to be determined,” he added. ...
Stock investors fared very well under Powell. Bond investors, not so much
... the S&P 500 rallied 14.7% annually under Powell, the third best performance for Fed chairs going back to 1970, Bespoke Investment Group found. ...
“He believed in easy money. He voted for all the QEs. He voted for zero interest rates,” Boockvar said. “It’s only when inflation mugged him ... that he became more hawkish ... .”
But the problem with accommodative monetary policy is, “Easy money gets investors drunk on things, and puts beer goggles on them,” Boockvar said. ’Sometimes it ends up OK, but other times it ends up in rampant inflation.”
... The Bloomberg US Aggregate Bond Index that aims to track all U.S. investment-grade debt returned just under 2% annually during Powell’s tenure, far below the average of 6.5% since the 1970s, according to Bespoke. ...
Analysis: The Warsh revolution is coming. Powell won’t stand in the way.
... the only major challenge for Warsh, as far as Powell is concerned, will be driving consensus within the Fed for where to set interest rates. Wednesday’s dissents suggest that won’t be easy. But Powell, whom Warsh has described as a failed chair who chose inflation, went out of his way to say Warsh is up to the task.
The chair’s job is to “create consensus” among the Fed’s voters and to “be inside their thinking,” Powell said.
Warsh “has the capabilities, skills to be very good at that,” Powell said.
If Warsh cuts interest rates in this environment, he'll be choosing inflation, too.
Inflation is very painful for the people, but for a government which absolutely refuses to get its fiscal house in order Powell's choice of inflation was the only medicine available to him, faced as he was with a national debt snowballing toward $40 trillion and the moon after that, and desperately in need of devaluation.
So-called moderate Democrat Haley Stevens (MI-11) comes out on top in latest primary poll for U.S. Senate from Michigan
If Democrats hope to keep the seat being vacated by Gary Peters, they'd better nominate Stevens.
Tuesday, April 28, 2026
JMIC Update 38 for tanker traffic in the Middle East April 21-27, 2026
Middle East Tanker Traffic April 21-27, 2026
Strait of Hormuz E: 1.71/day
Strait of Hormuz W: 0.57/day
Total: 2.28/day
Normal (2022): 70/day
Down 96.7%
Bab-el-Mandeb Strait SE: 6.42/day
Bab-el-Mandeb Strait NW: 6.85/day
Total: 13.27/day
Normal (2022): 30/day
Down 55.8%
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