In a very much expected (by me) ruling, the appeals court rejects Trump’s global tariffs. Trump Supreme Court Appeal Coming It’s not over yet, but the Wall Street Journal reports Appeals Court Rejects Trump’s Global Tariffs. A federal appeals court late Friday struck down the Trump administration’s signature tariffs, finding that […]
National Housing Emergency Coming Up Bloomberg reports Trump Weighs Declaring National Housing Emergency, Bessent Says Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters. “We’re trying to figure out what we […]
The most arrogant administration in history accuses India of arrogance over Russian oil imports. “Modi’s War” The BBC reports Trump adviser calls Ukraine conflict ‘Modi’s war’ as US tariffs on India rise A White House official has described Russia’s ongoing war with Ukraine as Indian Prime Minister Narendra “Modi’s war”, stepping […]
Trump’s 50 percent tariffs on India start today. Oil-Related Tariff Shock Bloomberg reports Trump Slaps India With 50% Tariffs, Upending Ties With Modi President Donald Trump imposed a crushing 50% tariff on Indian goods to punish the country for buying Russian oil, upending a decades-long push by Washington to forge closer […]
The head of defense for Palantir Technologies says yes. Let’s discuss. Send the Students Home? In a WSJ Op-Ed writer Mike Gallagher says Send Harvard’s Chinese Students Home Roughly 30% of Harvard’s student body is foreign. At Columbia, that share approaches 40%. America’s finest universities benefit from billions in government grants […]
A slow rise in continued unemployment claims masks a growing problem. I created the above chart by comparing the monthly average of continued unemployment claims to unemployment levels. Unemployment claims are from the department of labor while the unemployment levels are from the less accurate BLS household survey. Nonetheless, the […]
Polls show a most Israelis want fighting to stop, but government plans to expand it Israelis Hold Nationwide Protests and Strike The Wall Street Journal reports Israelis Hold Nationwide Protests and Strike to End Gaza War The families of Israeli hostages held in Gaza led nationwide protests and a strike calling […]
What’s the impact on rent? Decline from Post-Covid Peak The decline puts the number of single-family units under construction near the middle of a very wide range of 236,000 on the low end and 990,000 on the high end. However, the number of multi-family units under construction is still enormous […]
“We are going to unleash American drone dominance,” said Transportation Secretary Sean Duffy. New Drone Rules Reuters reports US Proposes New Drone Rules May Lead to Starbucks, Amazon Deliveries. The U.S. Transportation Department is proposing new rules to speed deployment of drones beyond the visual line of sight of operators, a […]
A one-word answer explains. Can you figure it out? Why the Trump Tariff Merry-Go-Round Won’t Stop Robert B. Zoellick, U.S. trade representative (2001-05), and deputy secretary of state (2005-06) explains in a WSJ op-ed. Please consider Why the Trump Tariff Merry-Go-Round Won’t Stop Anyone trying to make sense of President Trump’s […]