Whats going on in the World

[longcast]

It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble U.S. economic growth​

https://www.yahoo.com/finance/news/time-unmask-trump-tariffs-really-090000932.html

And..................................................

 

[longcast]

MORNING GLORY: Are President Trump’s tariffs actually working?

Maybe, just maybe, we free marketeers ought to consider that perhaps, Trump has been right about tariffs and America’s strength relative to that of our trading partners.

www.foxnews.com

A new report released Friday from the Congressional Budget Office is surprising, even stunning. The "CBO" is not thought to be a friend of Republican presidents and Congresses. Questions always arise from "supply-siders" about whether CBO rejects serious "dynamic scoring" of developments in the law and in major regulatory actions. Whatever the agency’s methodology, it issued a report on the Trump tariffs at the close of last week.

"We project that increases in tariffs implemented during the period from January 6, 2025, to August 19, 2025 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period," Phillip Swagel, CBO’s director wrote. "By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether."

 

[longcast]

Summer 2025 violence: Tracking shootings across Chicago | Live updates

ABC7 is tracking gun violence across Chicago throughout summer 2025.

abc7chicago.com

MSN

6 dead, 27 hurt in Chicago weekend shootings, police say​

Story by Jeramie Bizzle
• 1d•
8 min read



Didn't the mayor and governor say all was safe???

 

[cany]

https://www.sacbee.com/news/california/earthquakes/article311851076.html

 

[Avenger]

https://www.sacbee.com/news/california/earthquakes/article311851076.html

Damn climate change.

 

[jpd]

Next they'll do the Taylor Swift tax that RI passed.

Southampton bans short-term rentals in move that officially cancels weekend trips to Hamptons: ‘Out of luck’

It’s the end of the Southampton girls weekend.

nypost.com

 

[Chinacat]

Next they'll do the Taylor Swift tax that RI passed.

Southampton bans short-term rentals in move that officially cancels weekend trips to Hamptons: ‘Out of luck’

It’s the end of the Southampton girls weekend.

nypost.com

When half the houses in your neighborhood get rented out for the weekend by a bunch of obnoxious city it asswipes with no respect for locals lets see how you like it and report back to us

 

[CELLFISH]

blame the local corrupt politicians who allowed overdevelopment instead of something else… cell…
.

 

[jpd]

blame the local corrupt politicians who allowed overdevelopment instead of something else… cell…
.

I know who's fault it is! *****!

 

[CELLFISH]

I know who's fault it is! *****!

CHINACAT.?

 

[wader]

so this explains why Dump is badgering Powell over interest rates......

Trump has bought $100 million in bonds since taking office. His portfolio is poised to get a boost if the Fed cuts rates.​

• New disclosures show that President Trump has bought roughly $100 million of bonds since starting his term.
• These purchases could gain from Fed rate cuts, benefiting Trump's portfolio value.
• The president has been pressuring the Fed for months to lower interest rates.

https://www.yahoo.com/finance/news/trump-bought-100-million-bonds-174501208.html

 

[Chinacat]

MORNING GLORY: Are President Trump’s tariffs actually working?

Maybe, just maybe, we free marketeers ought to consider that perhaps, Trump has been right about tariffs and America’s strength relative to that of our trading partners.

www.foxnews.com

A new report released Friday from the Congressional Budget Office is surprising, even stunning. The "CBO" is not thought to be a friend of Republican presidents and Congresses. Questions always arise from "supply-siders" about whether CBO rejects serious "dynamic scoring" of developments in the law and in major regulatory actions. Whatever the agency’s methodology, it issued a report on the Trump tariffs at the close of last week.

"We project that increases in tariffs implemented during the period from January 6, 2025, to August 19, 2025 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period," Phillip Swagel, CBO’s director wrote. "By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether."

If you believe the state run scrubbed up manipulated press releases, good for you

 

[Chinacat]

CHINACAT.?

Not me
Im as uncorrupt and anti rich city it as can be

 

[Rick67]

YEAH!!! Need more of this. Drugs are cool!

 

[longcast]

If you believe the state run scrubbed up manipulated press releases, good for you

It’s from the CBO. It’s the source the dems always love and quote!!!

 

[jpd]

 

[longcast]

It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble U.S. economic growth​

https://www.yahoo.com/finance/news/time-unmask-trump-tariffs-really-090000932.html

What Fed must do now after Jerome Powell's Jackson Hole epiphany

Federal Reserve chairman acknowledges tariffs create only one-time price adjustments, not inflation spirals, as calls grow for aggressive 100 basis point rate cuts.

www.foxnews.com

Last Friday in Jackson Hole, Federal Reserve Chairman Jay Powell finally – and grudgingly – admitted what the Trump team has been saying all along: tariffs don’t fuel inflation.

At most, tariffs create a one-time adjustment in prices, not the kind of runaway spiral that demands punishing rate hikes. And even that one-time bump may be negligible if, as we have long argued, foreign exporters – not American consumers – shoulder most or all of the burden.

The implication is clear: whether the impact is zero or merely a one-time step-up in prices, there is absolutely no justification for the Fed to hide behind "tariff uncertainty" as an excuse for overly restrictive interest-rate policy.

 

[longcast]

Abrego Garcia heard saying two words during ICE arrest

Kilmar Abrego Garcia, who was arrested by ICE on Monday, said "gobierno corrupto" in a video the Homeland Security Department posted on social media

www.foxnews.com

In a video posted by the Department of Homeland Security on Monday, Kilmar Abrego Garcia can be heard saying the words "gobierno corrupto," which is Spanish for "corrupt government."


"Kilmar Abrego Garcia is not and will never be a Maryland Man – he is a criminal illegal alien from El Salvador and public safety threat," a senior DHS official said, according to the release.

"President Trump and Secretary Noem are not going to allow this illegal alien – who is an MS-13 gang member, human trafficker, serial domestic abuser, and child predator – to terrorize American citizens any longer."

 

[longcast]

Cracker Barrel's logo mea culpa is a start but it shouldn't be the end

Responding to a barrage of complaints from its loyal customers, Cracker Barrel announced Tuesday it was scrapping the restaurant’s rebranding campaign and returning to its classic logo.

www.foxnews.com

"Cracker Barrel should go back to the old logo, admit a mistake based on customer response (the ultimate poll), and manage the company better than ever before," Trump urged early Tuesday. They got a billion dollars’ worth of free publicity if they play their cards right. Very tricky to do, but a great opportunity. Have a major news conference today. Make Cracker Barrel a WINNER again."

In recent years, Cracker Barrel has sponsored Pride events, partnered with the Human Rights Campaign to fan and normalize pronoun nonsense and sexual confusion and warmly embraced corporate DEI efforts.

 

[longcast]

Bodycam video shows illegal immigrant truck driver speaking limited English with New Mexico officer

New bodycam footage shows illegal immigrant Harjinder Singh struggling with English after being pulled over for speeding in New Mexico: a detail that has since become a major talking point.

www.foxnews.com